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.
That poster on the day sure was called juicy or something on those lines. he said 2 million take over if I remember correctly so that would have taken the share price to around the 18p mark if that was indded what was happening over a few sessions know doubt.
Yes thinking similar, the market intervened as it was re rating to the potential settlement figure, forget the name of it but similar happened on another of mine, few years back now, it was into a huge Tantalum and Rare Earths asset in Namibia? it was sat at 2p and flew to 12p, then fell back to 7.5p, think a bit of forward selling (easy profits for the funding wonga's) as recall the deal structure and associated placing finance package done at a translation of 6p.
F 👃, they are both currently CASH SHELLs , so its time some checked themselves into Rampton Hospital or took a visit to Mensa, to check for an IQ, a cash shell has rules and taking over another cash shell, is not one of them.😲🙄
Think its desperation as nothing seemed in the pipeline when ITS got suspended (you guessed it got a punt locked in there also ) On a historic note, I have had 3 that dropped off sat in the bottom drawer for 1-3 years, then out of the blue came back, the most recent one of those long waits being what is now Bradda Head Lithium
When I got in they had association with Jim Mellon aka bank of Mellon New York and in the medical and prosthetic's sector, came back a miner 😂🤣😂
On the last day of trading it was very difficult to buy sub 3 and then it started to shoot up when word got out. The posted who leaked it I still have questions on but they have deleted their acc. Initially I had assumed it was just someone spouting nonsense in an attempt to get the price up but it would seem they were indeed in the know!
My second tranche of shares is averaged about 4.44p My first tranch well least said about that the better lol.
Im really struggling to understand why ITS is still being mentioned. ITSARM is a shell with no ties to In the Style other than the sale of its business in its previous form.
VT I think you will still be favourably rewarded from your average, 2,3,4, 5p no difference really if we open 10 plus min
Better than mine this time around GB, jumped back in at 10p , refused to play the old game again initially (mistake🙄) but then loaded more on the what then seemed rock bottom low, so mine as said a tad blue on suspension 4.975, with this ones history , would happily settle for 15p, hoping for more , see no reason if they can agree a deal in the range Jarem has mentioned 50-100m share return, it has a great chance of a big multi bag re rate.
But as , think it was Jimmy posted, nothing more dirty than BUSINESS 😂
Question is how greedy the owner of In the Style is, the Main listing will open lots of doors for his company, be stupid to push for too high a valuation to agree the deal structure, something he will undoubtedly benefit from short-long term on return with many millions of shares in his back pocket (cough) 😉
Ffs , its not splitting shares its determining how both are valued and coming to an figure on what the new company will be initially valued at , in the style will get its icon shares based on that price, be it Brads much mentioned still sees our floor as 10p or other figure agreed on. The new enlarged company with have Xm shares in issue determined by those agreed figures and share price conversion agreed on (current 5p , Brads 10p or more/less)
As we still retain the bad designator i con , from the days of playing with skin in the laboratory, fully expect to come back as In the Style or other new name as part of the rto prospectus.
I digress , came back as just had a look at some of my others and ppp very low MC, my Cobr and Urah also main market and both around £6m MC, so unless jumping up to the premium segment, appears no financial limit to standard segment listings. GLA.......
l8trs
VT you are right little downside nd high excitement now! My average is 3p so im more than comfortable who ever way it goes.
If the transaction falls through we drop back to the low 2-3p if it goes ahead its 10p minimum and that's pretty conservative. THE SP WAS 10P a few months ago before whiff of a game changing RTO.
Lot's and lots of guess work going on, since this RTO NEWS we have been waiting on for the last 3 years and although I'm not an expert on RTO like other posters, I look at logic, and all i can see, is if you bought a car for £1.2m, legally'' the previous owners cannot now still drive it and tell you what to do with it, as to splitting shares in issue and working out a Market cap on what the SP in ECON should be when we come back to Market, ITS shares in issue will be cancelled IMO, as it is not a JV partnership we are going into, ECON will 100% own it once it's done and dusted even if we keep some of the staff on
it will be all up to BRAD and his backers to work out a sensible S- price that reflect revenue of £45m and i really don't think it will be in the pennies...
but we will see
L8tr's 3 of my others now moving , including the long awaited 88e , 50th crazy run to finding a first oil flow 🤗😉
In multiple Mains that are currently way below £30m, ppp only floated a year -18 months ago at 2.5p now much lower and MC only just over £1m, unless rules have changed, do not think a minimum , just need a viable prospectus and choose which market you are targeting lowers, or main standard or premium, not sure perhaps the Premium segment has that figure as a requirement, Burberry and ASOS went to billions and stayed on the AIM for decades, so I guess its up to the companies but would have thought the Main Standard segment listing would be the plan for now. 🤔
Some fly out of the gate , others do a very long (weeks/months) steady rerate, as for the other one I mentioned, only have a punt in that one, a small gamble , on if you look deeper, a company that is many gambling sites partner, think it will do well but been in icon for several years, while the rip off that is EHGOF 2 billion to 30 billion shares transpired on a £2m cln, worst death spiral scum in history but knowing what was coming still kept head and ave above water, getting out on the big spike before the next nightmare hit, EHGOF we still owed 650k plus warrants session.
Stayed on the side lines and got back in 🙄 at 10p only to play ave down's yet again, with the lows and bounce pre suspension suspended a smidge in the blue, hoping the new , is far better than the original Iconic Labs as was went first entered the fray, before transforming into media and now Fashion ffs......
But who knows, not I , I still remember the surprise Fashion package that came to the AIM market long ago , took off to world domination and a £50 billion MC, on Handbags and accessories ffs, ah Burberry , that was some financial Fashion fun........GLALTH.
If this is still listed on main market as one assumes for now it would stay that way does that definitely mean the company’s minimum priced market cap would legally have to be £30m? Maybe someone who’s market savvy could answer this. If this is indeed the case then it would translate to around a 50p valuation per share being the market cap right now was say £500k or something ridiculous? Thanks
Until another RNA Message arrives over the rns news wire, giving some DETAILS, of the structure and is anyone else involved and how, remains as all rto's do, massive upside potential 😋 v little downside, unless the deal called off. 🙄
Do you work at it, or are you really such a clueless half witted 🤡, that was what it was an EXAMPLE of how many of these rto's are structured, not guesswork and for the hard of learning, said would all be down to the two companies to agree on a price of share conversion based on an agreed value of each company.
As for GCG jumped into that a couple of days before suspension, as said rto's been very good over the decades, the crazy one that made me a lot richer, was WRN in the day before suspension at 3.25p , came out and 3-4 sessions later £3.32p
which for it , was still only a MC of 84 million (25m shares total)
But that fades away in comparison to NCYT tipped by Rick_Shares on twitter on his discovery on the website, Covid test kit ready to deploy - he tipped it at 6p with a target of £2, it eventually kissed £12.50p, again low shares in issue.
It's never ever about sp , its always about MC
Achievable MC , divided by total shares on the books, not just in issue = potential sp
Say at Jarem's 60m shares return, targets current revenues and potential for growth, does the market then value returning enlarged company at £10m (16p) , £20m (33p) or £30m - £60m (50p - £1)
Still all guesswork but gives an idea of the scope for change, rto's usually bring.🤔
As Jarem post, coming back with his 60-100m shares, gives a lot of scope for a massive bounce on return, more recently crtm went in at 5p came out 15p and hit 35p, as said rto's that get over the line, generally very lucrative.
Hard bit in progress - getting deal done/signed days/weeks/months - returning to market is the easy bit. GLALTH.
A lot of it is all guesswork from us and speculation.
But worth noting this was brought a year ago in a distressed state for £1,2 million company making loss cica 7mill with revs around the 50m mark. It was cutdown price to stop ITS going into administration and they could do the deal quickest.
Moving on a year and according to the exited Adam the company is now turning a profit over a million, So again speculation revs have gone up together with a reduced cost base if you read their intentions about that in accounts.
So I would say they will put a value of this between the 10/15 million MCAP, there will be enlarging of Shares in issue as this how RTO work also we do need to clear the decks as said yesterday hoping aound the 60 million and tops 100million
Only Brad and Jas will know at the present time and it will be them that decide
Yes lets look at your best stock in the world GCG the one you keep banging on about, as if you are secretly jealous of what is going on here...
GCG had £54k in the bank when it was suspended, at 3p a share, it has 22m in issue, it now want to buy a CO in the fin tech sector call 2MEE, that has no visible revenue coming in, for 6 to £8m, with it's own shares ? then do a big fund rase on the back of it to continue as a going concern, until they can find enough take up of this new tech, to warrant charging for it,
NO THANKS, i would rather be invested in BRADS vision of a proper RTO that have revenue 2023 figures of £39m online, and showing a profit, than a lost making CO with big dreams of hitting the big time at shareholders expense..
ICON is a different animal altogether IMO about 1000 times better, and will come back to market at what ever price brad think it should be and i look forward to it, and the prospectus RNS in the coming weeks
GL with GCG hope it make's you rich...
Spot on m8, as said it was long a given a Main listing itself (no assets) was worth £1m and £500k AIM, so we should be converting at Brads comment of still sees 10p as his baseline (just over 1m mc 1.116 if being precise )
The ongoing GCG rto , it also used the £1m as one of the metrics for its valuation v takeover company. 🤔
Maidit
Iconic will effectively be buying ITS if deal proceeds using its shares. The holders of ITS are not going to give you their company for nothing and won’t be over paying for a listed shell. Icon is likely to be valued at a couple of million tops imho.
Iconic is a Standard Listed Main Market company and it isn’t that expensive to gain a standard RTOP listed last year at a cost of just over £1 million.
worth noting for newbies, if you drop into a london share dual listed on the nasdaq, often the gnw release comes 10-15 minutes before others see it on the rns news wire, in one case , one of the covid darlings that was dual, was bizarre, it released on the gnw (nice heads up) then also originated on the rns wire, same message content but with a different header, as said bizarre, why use 2 ????? when the first would be picked up anyway. 🤔
as for codes they use to be real back in the day, long disappeared years ago with new tech, what you get these days is mostly richard heads playing of the fee free sites, some memorable ones amongst them eg vela , expecting big news the 1's started, that grew to 1 911 then 1 911 900 1, it eventually was getting strings of 1 2 3 4 5 911 5 4 3 2 1
ended when the pair of richards, identified and banned, after a diligent vela holder passed them on, having found the pair boasting about their wind up in another chat room. below is the real long dead codes. another theory back in the day was, the 1 to 6 were abbreviations also eg 1 = 100 i need shares.....
most classic for ******** comment of the year,, ctea expecting big news, the 1's started most days week in week out for 3 months before finally an rna turned up, stuck in the machine was it ffs.
one resident 🤡 immediately chimed up, told ya, we had a 1 three days ago, again speak to a nomad , way to late.
https://www.pennystockdream.com/market-maker-signals
real but looooooooooooong dead , may they r.i.p 😭
not really🙄 they really were dam useful and ultra consistent back then..........gla
Total tosh, the vast majority of rto's involve share issue and raising ongoing funds, been in 50-60 of them how about you.
as posted my GCG , rto still ongoing, gave a heads up, GCG will be valued at the higher of (a) £1m or (b) 15% of the new enlarged business value, the target company price yet to be fixed but expected to be between £6m and £8m to be paid for 100% in GCG SHARES
Saying no shares or funds will be raised as part of the process , is as bright as those that believe in the Santa Rally or the made to fit nonsense that is the 1 code.
Instead of guessing what they thunk is real, might try speaking to a Nomad, only 2 releases and no such thing as rns LOGGED, not all RNA messages (the document) are released or originated on the lse rns news wire but like all good little wires, it relays the rest with its own one up serial number, Reach, GNW , PRN, EQN , EQS, BUS just those off the top of my head, one is IMMEDIATE (market open out it pops / or until rns closes 18:30) anything arriving after or in the morning buffered for an 07:00 release.
The second type of release is EMBARGOED, which can be done earlier but has to be labelled at the top of the RNA as EMBARGOED and an explanation for the reason to do so. e.g. set for release 0700 a temporary suspension of trading from 07:30 today pending................on completion shares will resume trading today , or wef 0800 tomorrow......
Has to be good reason for an EMBARGOED release, or the Nomad or Market will reject origination.😉
The unlisted target purportedly have a MC of £52m, ICON is the well sort after main listing with a MC of £500k, I really do think everyone should do the maths and stop speculating on pennies as our shares in issue is not going to change, on this RTO acquisition the only time it will change is when we issue EHGOF the remainder of conversion we owe them hopefully before we come back to Market so we know where we are... from day 1, then I can assure you that no one will be selling....anytime soon, as that will be the only chain around our neck for growth if it's not sorted...
As earlier post, have been in a few that have traded up Aim to one of the Main segments , never been in one that went the other way, hoping icon does not break that mould. 🤔
Shares in Issue 11.16m
Market Capitalisation £599.93k
As it stands suspended, so based on previous, when settling on a price and share allocation, we should be valued at at least £1m , or around Brad's much ref to comment, he still sees after the share consolidation our base camp being 10p
Hopefully higher but as said then all depends how many 10p shares (other price determined) we have to trade for the inclusion of In the Style in a new enlarged company, probably with a new name as part of the rto. GLALTH