Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video 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.
Done you robbing cooking wastads
Started posting under the new ticker for our new company ADV
We need also to take on board that the new investors have put £525k into a company that at the time had a mc of £1.4m. Speaks volumes as to their determination to create a major company.
Update on the forward plan incoming.
Andalas Energy and Power plc (AIM:ADL) is pleased to announce that at the Company's extraordinary general meeting held earlier today, all resolutions proposed were duly passed.
Accordingly, trading under the new name of Advance Energy Plc (with TIDM 'ADV') is expected to be effective from 27 February 2020. In conjunction with the name change, the Company's new website address will shortly be changed to www.advanceplc.com and a further announcement will then be made.
A "Platform for Growth" the new investors called it and I don't expect them to waste time before they use the new shares.
Correct but I read it differently and that’s why I’m buying in already now ie EGM today approved with name change and green light to issue new shares without pre-emption right. Finish these technicalities this week and start from next with talks with institutional like clients to explain new strategy and raise at premium on the back of new ‘company making’ assets coming in and non core existing assets being exited. Either way March will see and end to ADL and ADV being created with new strategy, management, investors and assets which should be very interesting. Not many times you have the possibility to come in at or around the price of new management around aim, I have taken advantage of it and I’m sitting back now watching
Indeed
Its the new shares that will probably be issued for any acquisition.
The egm is to change company name and allot 1.5 billion shares, so would also expect a placing to come with rns or shortly after imo
Sorry the EGM is 26th. The Website mentions new investors as part of their review so this is starting to look promising. I don't think they will be investing bits of cash here and there but rather concentrate on a major prospect as yet to be known to the investing public. Perhaps the £500k is simply working capital to be used to tidy the existing operation and facilitate an RTO.
The EGM is 28th Feb I think so shortly after that I would expect to hear about any acquisition and if any of the existing assets will be kept. I rather feel a complete divest of what we have with a total focus being placed on a new prospect.
Double. This is pretty text book stuff and I agree with ismalia on this one. They took over the shell not because they loved the Indonesian asset but because they have something else up their sleeves. They need to take their time, get the EGM out of the way, and slowly let the market know what the new strategy of the company is, then they will introduce an asset they have their hands on that is in accordance with the new strategy.
If they are smart, and I believe they are very smart, they will take their time and get it right. There is no reason to go faster other than to appease the old ADL shareholders. IMHO FB
doubleup - they probably did look at this before investing and getting the other incumbents to leave and that is why we will have the proposals shortly. If you are invested then you will be rewarded, if not there looks to be little time left at current levels.
Ismailia exactly my conclusion. The new board members are very smart double, they wanted a platform and I have no doubt that they already know that any asset non core to their strategy will go.
IMO they should have looked at all this prior to taking the company ?
All very positive and clearly the new BOD want the market to know it means business. The truth of the matter may be that the BOD already know exactly what they are doing with the current assets and the ID of the new assets they are going to acquire. I feel that the current sp will be left well behind once the EGM is out of the way and the PR boys let the market know more about the emerging company-we must forget all about ADL.
Completely disagree double. The crucial message is that this is a new board and company which will change course from the past and evaluate current and ‘additional’ growth option with decisions in ‘two weeks’ not 6 months.
Pointless rns
New strategy RNS, superb and definitely needed:
Andalas Energy and Power plc (AIM:ADL) is pleased to announce that, following the recent changes to the Board as announced on 4 February 2020, the Board and Management are to conduct a review of the business with a view to formulating a revised strategy.
This review will address the current assets in the UK and Indonesia as well as additional growth options in order to maximise the value of the existing platform.
The Board expects to complete its review within the next two weeks with further communications to follow soon thereafter.
It was earlier announced that the Company proposes a name change to Advance Energy plc subject to shareholder approval at a General Meeting scheduled for 26 February.
Volvic great post it was well worth the time logging in to LSE typing your post then pressing the post message button
New boys will have been well
Trained on how to get your skin
in game money back out
98% down for me, so l was well
Robbed
Good luck, hope a new name is
The answer, it should work
Ha Ha Ha as if
I agree that you can deem it a punt as nothing is certain, but I don’t think for a minute that people with a CV as Mark and Leslie would waste their time to pocket a yearly salary in a shell. I see it as rather the opposite ie they already look at some assets and needed a company ready to go whey they could get for a small outlay a significant stake, rather than waiting 6 months to get a new one listed and ready to go. My guess is in the next couple of weeks to see Name change, new strategy, possibly broker addition/change, raise and new asset. Enough from me, time to wait.
New shares to be created together with recent cash injected could make a reasonable investment and what we don't know is if any of the existing assets will be outside of the on going plan going forward, and sold. Very interesting that new investors, with knowledge of the industry have found a vehicle to take forward. They may well already have targets in mind that could form the basis of an RTO. The new name is also a positive move as is the speed at which the management is moving. Following the EGM there could be more positive news as I get the feeling that having invested £500k+ there will be early progress. I was still investing at 0.90p on the spouting by SG on Wick and Colter so am well under water and would like something back.
Very dangerous to count chickens before they have hatched, you dont even know what the asset is yet you are looking towards a "mid cap 500mio mcap" lol.
The BOD could be genuine and look to take the company forward, or just keep placing and paying themselves in different ways, its still a punt until anything is shown.. imo