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Be a contrarian investor says Ranjeet Singh


San Leon Share Chat (SLE)



Share Price: 42.50Bid: 42.50Ask: 44.50Change: -1.125 (-2.58%)Faller - San Leon
Spread: 2.00Spread as %: 4.71%Open: 43.50High: 43.625Low: 42.50Yesterday’s Close: 43.625


Share Discussion for San Leon


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BlackSwan
Posts: 483
Observation
Opinion:Buy
Price:55.00
View Thread (2)
Tosca strategies
31 Mar '17
Tosca strategies is making money for their fund holders - as far as my limited knowledge of their history goes - they target "small" inefficiently run companies with good product growth potential with the intention of taking total control of the company and product they produce which Tosca consider by tight control they can improve the performance of and later sell as a job lot on the market at a profit - take the case of circle they have an arrangement which swaps shares for loan notes - don't ask me why - but thats the way they like to play things.
Take the case of SLE there is no way they can take control of the product or the operating organisation since it is all owned in a percentage basis in the case of Nigeria with Eroton and others - their small percentage ownership participation is again complex through Bidco and Mauritius - nice place to hold tax free dividends I guess - I am therefore, like all of us, guessing that Tosca will sooner or later sell to a Chinese bid or others - the Chinese see Africa as a long term investment as a massive future consumer market and as a source of raw materials - I think this has already been decided at high political levels Africa is China's (with all it's over[population and poverty - witness Woodside recently selling out to CNOOP in the Gambia.

Sle will obviously get a better price for the Nigerian asset if they can get the dividends flowing but if not and they can sell way above 25p - I was always hoping on 125p - they would do a deal leaving SLE as an entity to continue with other adventures such as Ireland.
 
frus
Posts: 1,882
Off Topic
Opinion:No Opinion
Price:55.00
The return
31 Mar '17
Of Timbremner.............Still bad mouthing anyone with an opinion that doesn't agree with his, if he's got one. Why do you have to do that Tim because from what I see from your 3 line shocker this morning there's not one single word of good sense in it..........I notice you end it by saying GLA genuine LTHs Is this just a gesture to win people over. Or do you quite genuinely mean it. If you do could you give us all an idea of what events might be needed to turn this wish of good luck into a meaningful status of B E or even a profit for all us LTHs.
quelfromage1
Posts: 339
Off Topic
Opinion:No Opinion
Price:55.00
RE: q1
31 Mar '17
B7 if you have a case take legal action. Otherwise there isnt a lot you can do.
quelfromage1
Posts: 339
Off Topic
Opinion:No Opinion
Price:55.00
RE: .
31 Mar '17
Frus
Obviously TF buy and sell companies - I meant clear cut examples where PIs have been fleeced.
QF
Brotherseven
Posts: 535
Off Topic
Opinion:No Opinion
Price:55.00
RE: q1
31 Mar '17
In other words accept and move on?surely you not saying that LTHs should not be aggrieved?no accountability?just a handkerchief and some sympathy?shafting small retail investors is the name of the game here,T just picking up where Fanny left off.FRUS post informative as it was omitted several other companies that TF have taken a position in ,I could list here but couldn't be bothered anymore and arguably FCA and similar entities are not fit for purpose.GL to non believers.
Brotherseven
Posts: 535
Off Topic
Opinion:No Opinion
Price:55.00
RE: .
31 Mar '17
Decent post.I guess the only question that remains to be answered is when as opposed to if T will go private?GL to all non believers.
frus
Posts: 1,882
Off Topic
Opinion:No Opinion
Price:55.00
View Thread (2)
.
31 Mar '17
Recommended Cash Offer for Circle Holdings plc | Toscafund Asset ...
https://www.trustnet.com/Investments/Article.aspx?id=201703290702158467A

2 days ago - The Circle Directors, who have been so advised by Numis as to the financial terms ... Circle Shares by the Circle Trustee in respect thereof have taken place). ... to exercise its rights pursuant to Part 18 of the Jersey Companies Law to ... the last Business Day prior to the Offer Period Commencement Date).
Rule 2.7 Announcement - RNS - London Stock Exchange
www.londonstockexchange.com/exchange/news/market-news/.../12719286.html

1 Mar 2016 - Over the last several years, Penta has sought to invest in well-positioned ... of the Offer, Bidco will seek to re-register InternetQ as a private limited company. ... Toscafund and Penta have been supportive shareholders in Akazoo, and ... As a private business we will be able to adopt a more flexible approach ...
Tosca - Wikipedia
https://en.wikipedia.org/wiki/Tosca

Tosca is an opera in three acts by Giacomo Puccini to an Italian libretto by Luigi Illica and ... Many recordings of the work have been issued, both of studio and live .... Cavaradossi reassures her and Tosca tries to persuade him to take her to his villa .... of trouble and expense to opera companies performing Tosca to this day.
La Tosca - Wikipedia
https://en.wikipedia.org/wiki/La_Tosca

La Tosca is a five-act drama by the 19th-century French playwright Victorien Sardou. It was first ... There have been several other adaptations of the play including two for the Japanese theatre and an ... In 1883, she had also taken over the lease on the Théâtre de la Porte Saint-Martin, where La Tosca was to premiere.
RECOMMENDED CASH OFFER for DAISY GROUP PLC by CHAIN ...
www.pentacapital.com/newsroom/cash-offer-daisy

20 Oct 2014 - Toscafund has been a supportive investor in Daisy since July 2009 and has a detailed ... Over the last several years, Penta has sought to invest in ... of the Offer, Bidco will seek to re-register Daisy as a private limited company. ..... In reviewing the Offer, the Independent Directors have taken into account that ...
Circle Holdings PLC retreats from market's gaze as Tosca backs buy-out
www.proactiveinvestors.co.uk/companies/.../circle-holdings-retreats-from-market-s-ga...

2 days ago - 6pm · 18 May 2017. .... Circle Holdings retreats from market's gaze as Tosca backs buy-out ... group Tosacafund launched a bid to take it private at 30p per share. ... Baron Oil PLC (LON:BOIL) has been repaid the final £200,000 owed to ... about securities in which they or their firms have a position, and that ...
FE Investegate |Daisy Group Limited Announcements | Daisy Group ...
www.investegate.co.uk/daisy-group-limited/rns/...cash.../201505270840083343O/

27 May 2015 - Toscafund was part of the consortium that led the take private acquisition ... The Phoenix Directors, who have been so advised b
quelfromage1
Posts: 339
Off Topic
Opinion:No Opinion
Price:55.00
RE: q1
30 Mar '17
"The fact is Tosca are mopping up companies like bread in gravy"
Show me the evidence?!
frus
Posts: 1,882
Off Topic
Opinion:No Opinion
Price:55.00
View Thread (3)
q1
30 Mar '17
for goodness sake the constant negativity comes from the company...Don't you believe the D15 post about Circle. The fact is Tosca are mopping up companies like bread in gravy. Can you not see that through their involvement with us we are now prime and ready for picking, it's what they do. What I cant see the point of is constantly looking the other way and keeping yourself in denial its going to happen. Nothing we can do though I do find it hard to accept that because it's AIM we are somehow not protected by law as we would be if on the main market.
If you calmly look back at the past 6 years or so of broken promises, misleading statements and many things which in hindsight just didn't sit right. It really does look a complete farce. You would think a good firm of lawyers could pull it to bits with ease and gain compensation for the loyal shareholders........It's not much different to PPI where you were tricked into buying something you already had or would never get.
quelfromage1
Posts: 339
Off Topic
Opinion:No Opinion
Price:55.00
View Thread (3)
RE: q1
30 Mar '17
Frus
My break even is 107p but whatever it is I can't see the point of constant negativity and endless repetitive speculative messages about possible disaster scenarios. There remains no certainty about the future and various outcomes are possible for PIs.
QF




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