The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Although to be fair its not necessarily Jims fault.
The illustrious CEO is the one who agreed a deal that was originally sweeter than this and this is what we end up with after a negotiated settlement.... How is that????
Break it down...
Thanks to our Genius CEO We now only get value exposure of 62% of 85%.
Fo those that understand that I wouldn't mind probing that billionaire claim as well..
Ha ha
reality is a cracker
B*ll****
you are obviously part of his PR crew, paid to curate his bloga-sphere
15% of the annual growth of the company is an absolute farce, this guy is no different to the Phillip Green bloke, they just harvest.
he should be made to answer for that.
On the bright side, good volume here today. People are getting interested in cell ag.
Just one other observation on the Shellbay fees thing. All fees hurt of course, but the real question is are they fair. Yes imo. In a pioneering high risk sector like cell ag, where Jim already has so many ANIC shares (the ultimate high risk instrument), you might expect Shellbay to seek a higher secure fixed annual management fee, with a correspondingly lower performance fee element. The fact they’ve gone all out for a performance fee demonstrates real confidence ANIC will succeed, which is a good sign for us shareholders imo. They’re also telling us we’re in this together.
Good point well made Flundra! The fees are indeed structured purely as a performance fee rather than a management fee . I’ll stand corrected on that ;-)
Learning so much from this stocks journey over the past couple of years. Wild ride.
Thanks Flundra, Agrofan & Ryesloan for the clarity
Bit of semantics, but just to clarify there isn't any "management" fee at all, in the sense of an annual fee payable whatever happens. There's only a back end "performance" fee. So all the risk (bar expenses) falls on Shellbay, so I'd expect them to take a chunky %age, and am happy to sit back and take my 85%. They're well incentivised to work hard, and basically get zilch if they get it wrong.
I highly doubt this going to dip below 20p. Folks were happy to pay 30p even 40p in the last week. They will now have £50m to capture even more % of the most exciting companies in this cutting edge industry. The potential is mind boggling.
And the 15% was always there...they have just tweaked the terms a touch, for the better I’d say.
As management fees go it’s pretty steep but it’s a specialist area and they haven’t exactly done too bad so far so it’s just the price we have to pay for success
I’m afraid.
The Shellbay fees look ok to me, 15% of NAV increase per issued share, highwater marked. No management fees, so it's heads we shareholders win (85% of increases), tails we don't lose. That'll do.
i think you are making a very good point. with this new placing the 18-19 region would be a better get in point.
Simplistically, based upon the information provided in the RNS, the value of ANIC should now be about 24p.
Last weeks share action did look suspicious ,and now it sure looks like the share price was artificially moved up over the last week or so to get the 20 day weighted average a lot higher to get the placing away at a higher price.
So it could mean that the sp is still possibly artificially high and that about 22p is the possible price. Although that is without taking into account any sp uplift from the perceived benefit of the placing having been completed and the future investment opportunities available.
Agree with others that the new Shellbay fees agreement has a certain smell about it.
I will hold to see what transpires.