The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
Krispy. Just had one delivered, Navarra blue. You won't be disappointed, the hybrid makes it extremely quick!
Krispy - off topic slightly but are things being lifted from next Monday - 6th?
Reason I ask is that weve reserved a Puppy and this is date we agreed to collect! We live in Oxfordshire and at present cant travel into the valleys...
You for real,you are probably talking 10 p or so.
I don’t like bursting bubbles but £1/share equates to $3.4 billion, after fees and taxes etc. That’s some bloody good negotiating by the BoD if they can achieve those sort of prices and can find anyone with that sort of cash!
I think there is a lot of dreaming going on here
showmetheoney - can come to Wales for your puppy from July 6th! Check Walesonline for updates.
Apologies off topic.
Bobrad
Why not offer your shares for 10 p ? There will be lots interested.
Moneymaker, NAP was sold for £600M with 2-3M oz of Pd. We have 19M.
600/3x19=3800.
We will sell for mote because our direct costs are far lower than NAP, we have WK and the potential for another 21M oz after that. Say we sell for £4.5Bn. Fair?
That’s £3.6B to EUA before fees.
I'll take the lot off you Bob, like I offered Lancashire Lad. If you're serious, let's get the ball rolling.
There's plenty money out there for M & A moneymaker -
"M&A bankers are relying increasingly on a few megadeals to sustain revenues. Transactions above $10 billion in value accounted for nearly one-third of deal volume in 2019, the highest percentage on record, Dealogic reports."
GLA
Yep prolly Bobrad @ 20.5p I'll have done my £1m lifetime target - tho most of it is trapped in a SIPP for a long while, @ 36p my SIPP breaks, so after that my excitement is slightly tempered - but really anything above 7.2p & it'll be my best investment - tho I did put all my eggs in one basket & shat myself sufficiently to lose a couple of retitement years from stress.
Ie I think I have done well from this investment - tho who knows the future - hence I keep up my regular SIPP contribution.
Watch back the Proactive interview from last October when it was stated something along the lines of not rushing as that when mistakes are made - we’re now 9 months on. Also told the banks not to waste time coming with any small offers
I think it is fair enough to be dreaming in this case...but to talking about taking wealth management advice before an offer is even on the table (to our knowledge) is a tad previous. A bit of humility and respect for people like the guy on a zero hours contract wouldn't go a miss rather than talking about Aston Martins, being millionaires blah blah. Shout about it when the money is in your pocket if you want but at the moment you just own a suspended share. And yes I am invested and need this to work out.
Agreed - the forum is more, a stress release atm tbh - just think how awful this looked only 1 month ago with one day to go before de-listing - alot of us have been under alot of stress(not just Covid related) - its just letting off steam, with others who understand whats been goin on (its not like most of us talk about our investments in the real world)
That said the negative posters havent helped at all, esp during the bleaker days (in particular the short attack from 4p to 2p almost felt like a wipe out), so they deserve nothing from this process.
Franny1968, an excellent post.
Can I make a suggestion, if we find ourselves with loads of money, lets make a donation to Cancer research, in the name of EUA investors. I for one have had prostate cancer, not clear either, but feel such a donation could make a wealth of difference to the lives of young and old alike. How about 1% of our gain/profit, some may even be able to set it against a tax bill!!!!!!!!!!!!!! JJ
Some cautious quotes appearing, trying not to get our hopes up I guess (sensible probably). We had an MCAP around £200M at 7.2p before suspension I think. About half of that is the value in Semenovsky alone (ca. £90M Au). 2Moz Pd (not the 15M oz stated) would be currently worth £3bn (for the pure metal that is i.e. if you had 2M oz of pure, refined Pd ready to sell). WK must be worth more than £20M per year based on Pt at 65K oz per year. So, for me, prices in pennies would seem a little light. GLA
Fair enough GFD. I've only been here probably 6 months but been in WRES for years and subjected to abuse from trolls and the like. I have on occasion referred to a 10p party when feeling bright so i am not immune to it. Just felt i needed to say something.
Jimjam...nice touch.
I can't bring myself to guess a price as I don't want to get my hopes up. Been badly burnt on so many shares in the past. But I do have a strong belief in the bod and company.
So i have made a (wild) guess and honestly don't know what to expect but.....
If i was buying something, I would relate it to how the market values the item. Now the counter argument would be that the market value (7pps) is unfair (and old) in comparison to the materials we have in the ground. So I wouldn't be surprised if the offers are 20 - 100pps.
I have never bought a company so I'm just trying like others to get my head around this, and similar with timescales! More than happy to be proven wrong.
Covered a lot of bases there Moosey mate , don't stick your neck out :)
GLA
Late arrival/ newbie allowed? - 68p
Hi there - just for info the ACF valuation did include the MT flanks but at a conservative WACC/ discount factor as the license was not issued ...
Enjoying watching from the wings. Can you put me down for 88.6p please.
Just asking a question, its not a deramp. Do you think they might do a share consolidation of say 10:1 and then we get the share price if a £1+ ?
Thoughts please
there wouldnt be any need to depending on the outcome of the sale. It would be a pointless & expensive excercise for the company to carry out. I would much rather just get paid £1 per share as they are :)