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.
Madeiraa5 is a spam bot, for those that don't know. Don't click on his link. Just report it.
Time will tell! Im remaining hopefull that we walk away with something half decent
Been saying all along this was scam. Where are all the rampers. Lost my ****ing money. I was warning ppl not to buy more shares. Now we're all ****ed.
GW, the minute that Ezry was buying I think our directors knew his intentions so my guess that they engineered a plan.....wonder what that could be!!!
Does anyone know if Ethiopia has any rescue deals for businesses or is it survival of fittest ?!
Prime .
They received $3 odd million from Ruyi as a deposit- where did that go?
Good for you.
I got some back on OEX but way down in my pf...nearly out of the game ):-
I was positive on this share also then had a bad feeling. It's over here got my losses back on mos
This was only a month ago...
https://www.morningstar.co.uk/uk/news/AN_1582283126786347000/bagir-launches-legal-claim-against-chinas-shandong-ruyi-.aspx
Agree- director salaries must be a big cost. Hopefully this will blow over soon and we will walk away with something half decent
GW,
The Feb update, and only a month ago, clearly stated good sale growth with an award of a contract etc. Obviously Covid 19 has impacted on that:
"Whilst trading conditions have remained challenging, the Company continued to generate good sales growth for the 12 months to 31 December 2019, up 9% to $59.4m (2018: $54.6m) and expects to deliver a return to positive adjusted EBITDA** (2018: negative adjusted EBITDA** $1.0m). This improvement in adjusted EBITDA** has been assisted by a further reduction of operational costs completed during H2 2019."
Such a decent revenue stream. They must have been raping the company in their salaries ,as I previously alluded to. Likewise, very disappointed that they can actually get away with this.
Deeply disappointing esp since I have invested so heavily in the company. It was made out (from previous RNSs) that the company is in a decent position, especially after their bold move of taking Ruyi to court.
I know Covid 19 has had a big impact on businesses, but there must have been a few underlying issues before.
Hopefully they will be getting some funding of some sort and SH won't get shafted!
Gl all- a long waiting game now....
May force a few hands and finally get some clarity - whichever way that pans out.
DT, let's hope so. Like NicetoM, this is one of my bigger bets so was banking on some good returns even over the med to long term.
Looks like I need another shot in my expresso!!!!
Agreed Draft - suspension is the best thing the company have done lately. This might not be over yet.
DYOR
he clearly knows whats going on. ultimately he will need a public listing to sell his shares again
it wont surprise me if he bankrolls these guys for a few months and once C19 passes, this relists
maybe theyve done this to stop ezrys stake declining due to covid
at least they suspended this.
The directors have bled this company and we the shareholders gave Ronen the green light with a bonus. Bet he's thinking..."it's sad news but I'm alright Jack".
Everyone should just go on furlough, switch off the lights and come back when they can resume business with Ruyi offering a deal which will ultimately give them control for peanuts.....keep it on the open market (for Shareholders sake) but with Ruyi now holding the Ace card for cheap production at a fraction of what they may have intended to invest.
Then one sit down its failed. This hasn't been in a good way for a while since the deal fell through. The pigs will fly. Good quote. Just a real shame. Rns like that. Isn't good no matter how it looks. I for one have lost a fortune. With no way of getting anything back. It's not a lesson learned. If companies lie. that's just not understanding a Con.
Maybe Ruyi will provide a rescue plan....... and there flys a pig!!!
Live in hope...
There's still a chance of funding ... unprecedented support for business at moment.
You can speculate. but they new this was in a good way before this shut down. That's why the deal didn't happen.
I lost money then. And again now. Game is pretty much over. I'm a sucker.
4 companies I've had go private. And never come back to market. We have all lost our money. They do not give you anything back.
Do they put staf on furlong in Ethiopia and vietnam this is over
I hope so nicetomichu, just needs emergency funding to keep it on life support.
This will happen to many outfits, hope Ethiopia has a plan for all its' private businesses !
Prime.
shocker.. and one of my bigger bets too.. just hope for something good to still happen here.. but it may not of course.. still think there's a semi decent chance its not all over here yet.. some emergency funding from somewhere, somehow.. maybe some government backed bank emergency lending scheme somewhere.. a million or two funding might do it.. shutter factories for three months and put the staff on furlough on part pay so they can survive..