Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the 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.
My guess is they are taking a position and becoming a LTH when the company goes private. It's a long shot but this company is worth a lot more than it is right now once the liquidity issue is resolve. The company is winning multimillions contract so the future looks bright if you are brave enough to hold some share in private company. However, in my case I have manage to make some good gains and will be accepting the 9p bid GLA
Good Afternoon - being a real rookie in the Share Market I would like to ask a couple of questions - why are people buying 20k shares in Lamprell seeing they are being sold and delisted - should I hold or take the 9p, I would have lost a lot of money by doing this, so totally confused!
Hello Yuri, Considering what I wrote I may have failed to grasp the gist of your reply, sorry, however, FWIW, a special resolution requiring a 75% majority must be passed for cancellation and delisting.
I'm with HL. Anyone got communication for them yet? I keep asking them and they said they will send a communication out about Lamp but so far not a peep
NicName - it's majority vote and bidders are very close to call the shots (45%+ ?)
if you take into account BoD (they've recommended this offer), speculators and some other institutional (via automated vote in "favor") - it's pretty much "done deal", retail won't have much influence on the outcome.
What I meant was, I assume it likely he will continue to hold IN ANY CASE, EVEN if the vote to delist is passed, i.e. I would not expect him to sell out for 9p!
This is probably quite an ideal time for the business, the difficulty over recent times, it seems, has been the quality of the management. Were it not that market sentiment has been poor this year they may just have managed to scrape by (which may not have been a good thing...) but what the co. should have done was a darn great raise when the market was 'full froth' 18 months ago. It's been poor management one way and another for years and those brought in to fix things have proven rather lacking.
I've always wondered why Steven Lamprell hasn't taken a more active stance. I assume it likely he will continue to hold if the vote to delist is passed.
CORRECTION (in relation to the AIM company): investment in my trading account was £2,300 (which turned into £70,000) ... but was forced to otherwise sell my £2,500 in my SIPP (at that time with Stocktrade).
As suggested by a recent poster on ADVFN: "it's called a stitch up" ... and I agree!
"Following the completion of the Offer and the delisting of Lamprell's shares and its re-registration as a private company, Lamprell Shareholders who choose not to accept the Offer will remain Lamprell Shareholders in its unlisted private form."
See: Recommended Cash Offer for Lamprell plc; Released : 21 Jul 2022 14:11 (download and word search).
The last time I saw this happen, it was in relation to an AIM company. Nine years later, I found an investment of £2,500 turned into £70,000 including dividends!
I have just invested £2,500 in LAM (27,750 shares). Hopefully, the same investment return will happen again!
BUT there may be difficulties (a forced sell) if you buy via an ISA or SIPP ... from past experience, HMRC don't like private companies ... not immediately researched on my part.
Can we hold on to our shares when the company goes private? Is there any advantaget to doing that?
After today’s rns I think someone got a bloody good deal for our company.
Just seen this see they hit a low of 5.8p 24/6/22 .
A loss of 80% here for me my broker has .
I last bought them @ 32p 18/10/21 .
before that 23/1/19 and 1/9/21 a lot higher .
I cannot sell mine? It wont let me! So I will have to wait until October to be paid out.
Yes, i sold all mine yesterday to put into Cineworld, made the 10% plus more!
I think a lot of selling is because of the impatience. iIf you can have 8 today or 9 in one or tho months. The 10% loss you can make up in a day in another stock.
Is there a reason for selling this share below 9p? That is the offer price, correct?
Ricky don't lose that number
Dan, There is something you can’t recognise, what a day we have in store today.
Sold out and went into REVB for a great Friday!
Thank you Rick123.
It is all about timing. You can feel it in your bones.
Well done Dan, you are now my hero, incredible trading, I worship the ground you walk on xx
Rubbish share! Should be trading at 2p ;)
So glad I got out early this morning.
It might be less that 9p, what’s the ‘Fully-Diluted’ Issuance ?