We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
some whopper trades today?
Investors Chronic Call once again relying of the truth of disgraced BOD, two suites have reconsidered their positions and there must be one or two investments that will fail in this environment. Potential to make possible 20% in a open ended time frame but Real possibility of holding loans that will never perform. Will probably make a few % but the risk reward probably favours risk. One wonders if Simon Thompson is just ramping, surely not what the Investors Chronic Call is about.
IC say that the company will return 80p per share to holders as they wind down.
Institutions are buying other than Invesco who are holding to many
How do you know that suitors have walked away??
Two potential buyout investors walk away after seeing the books, the bod are sacked for misappropriation of funds, any future lending has been stopped ....whatch this space, those in the know will be selling into the hyped market where there is talk of a big payday......that big payday will turn out to be a very small payday after all "unexpected liabilities" are covered.......jam tomorrow is never good for excisting investors..Gla
For what Ric
Someone is loading up very quietly here.
Going to pop any time.
Couple a £600k transactions reported after hours. Bang on the SP so you would expect are pre-negotiated buys (unless I have missed something)
Its only natural to see a bit of negativity creeping in after what has been a long a wait for many holders. Wellesley didn't make an offer blind. They knew what they were bidding for which leads me to believe the BoD have to take it seriously and need to make structural changes before the offer can either be accepted or negotiated. Happy to hold for news.
It seems the people who run this company are doing so to enrich themselves and not their shareholders.
I cant see how the company directors could pass any sort of dd, given the following;
1. Unauthorised loans using shareholders funds to linked charities 1.2m
2. Using shareholders funds to pay off JLL 400k. The agreement with JLL was well before the IPO.
3. Paying themselves high bonuses for IPO and subsequent under performance.
4. Paying themselves high wages for under performance.
5.Not delivering any profit to shareholders despite a 165m IPO.
6. The poor management and performance has seen the stock price crash from its initial IPO price to where it is today.
7. CEO already took all his profits and only owns 2% of this company now. Big red flag.
The only way shareholders will get an improved offeer is by selling the loan book.
Seems the independent Directors are asleep at the wheel.
All is not well, one major shareholder has previously walk away from a buyout, we have another offer but the bod are not confident of its merits and on top of all that, we have stop lending !!!, not a great show of how things may be performing.
Someone heard you.
Looks like is moving north.
Give this sp a poke with a stick and see if it's still alive....it took a breath this morning but hasn't moved since.
Further potential offers inbound it seems
Current TNAV 83.9p
Wellesley Group (current shareholder 10%) tabled a loan book AND asset management business offer of 76.9p at the end of April - still under review
Honeycomb holdings (Pollen Street Capital) deal for the loan book was for £113.8m 72p and the asset management business purchase by the current management team was for £1.6m 1p
Honeycomb deal fell through at end of March due to COVID19 and Pollen Streets decision to cease lending for the current time
ODX over UEX? Yeah for sure. There's no telling when this will land...if it will land.
Death rates dip at the weekend for the UK and always higher on a Tuesday therefore COVID and specifically testing plays are still very much in focus.
Still the case?
Just for reference. My trade is 10% up at the moment. Looks like it was a good move afterall.
I mean, that's clearly aimed at my post and I was very clear in my decision. I know the value of things here. 76.9p offer was somewhere near the table - I don't know if it's still on the table or not on the basis of liquidity issues. I bought ODX at 60p and needed to free up funds to average down this trading tranche. I'm not ramping the stock, there's enough of that on the BB and Twitter.
The value here is clear. Buy now - charity issue possibly resolved - offer comes back - almost guarantee a rise...if it comes back.
I really don't get why folk feel the need to declare they have sold and then suggest another share (that is currently going down!)
UEX need to sort the issue regarding the director lending to a "charity" at mates rates but beyond that we have offers for the loan book that would see a return to current holders in the region of +90% of todays SP. Its simply a case of holding for the next RNS which I cant imagine will be far away.
Just for clarity, I've sold my holding here. The opportunity at ODX is now too high not to take advantage. Only 800 shares be can look out for whether it's a buy/sell
As the Times says, the Sandhus will feel more charitable when they repay the loan......shareholders should demand this and call for Sandhu to resign. He owns less than 2%. Could a shareholder rebellion led by Tchenguisz who owns 12% come to the rescue?
Mentioned on todays Times
It must be the first Co to list a charity on aim although not the first to break the rules.
The £1.8bn Pollen Street Secured Lending investment trust will stop lending in the coming months in expectin of some volatility owing to the continued global spread of the coronavirus, according to a stock market update.
Pollen Street Capital, the manager of the portfolio says that it has not seen a material impact in payment performance yet but that a majority of the underlying consumer and SME payment dates are towards the end of the month meaning they have not yet occurred.
“We expect to see some short-term disruption through requests for forbearance and continue to monitor daily,” Pollen Street said.
Formerly named Peer-to-Peer Global Investments, the fund is invested across property, SME and consumer lending with a near equal split across the three areas.
“Given the uncertain economic environment the manager has adopted a prudent approach with the focus on the existing portfolio and ensuring cash collections remain robust and the appropriate strategies are put place,” it added.
Pollen Street says it is expecting to generate significant cash over the coming months as the loans amortise, repay but not re-investing the cash generated by the portfolio in new investments “for the foreseeable future”.