Roundtable Discussion; The Future of Mineral Sands. 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.
Allow me my little rant. if my company was worth so substantially less almost 5 years from listing, I dread to think how I would feel. shambles. I do know that I would be doing all that I could to fix it - but are these guys? I want more numbers...
That trading update was LAST YEAR's numbers and there is no update on the here and now. Are they doing all that they can? Because it's the success of the here and now that will determine it all. Last RNS:
"- New customer wins: 3 with minimum Total Contract Value (“TCV”) of £620,000, plus
notification of a further RFP win although not yet formally contracted
? Proofs of Concept: 6 now live with customers (in addition to the above wins)"
And over 6 weeks later, not a squeak - so there's definitely 600k added to the bottom line, but nowt else confirmed.. christ.
The importance of the following has really been missed: "New Customer CAC Ratio (the fully-loaded cost to acquire £1 of new ARR): improvement to £0.84 (FY2019: £1.38; 2020 SaaS benchmark2 of £1.63)."
^ That's actually really, really impressive and I posted on the importance of that ratio for this business recently. However, THERE IS NO POINT SHOUTING ABOUT YOUR CAC IF YOU DON'T ACQUIRE SIGNIFICANT NEW BUSINESS! And these guys know it - it's why they're quiet.
[btw the reason it is so fundamental is because, whilst it doesn't look spectacular, it's gonna recur for years - substantial contract wins at that CAC ratio = ££££££££££££££££££]
" don't suppose there's any chance of us lowly shareholders getting compensated in any way if it turns out there HAS been manipulation?
tommy15
hi there....I am afraid "manipulation" is something you have to get used to....just one of the tactics in this game ... it is often perfectly legal...as in ..they allow the use of bots and targeted attacks on a share price... and there are never enough resources available to investigate properly what you might think of as ... "suspicious" trading activity ...let alone actually prove anything
A tr-1 position report can often turn up..often only when the buyer/seller has "achieved their target " holding position and declares themselves finished in terms of buying or selling .. which can sometimes take 1-2-3 weeks+... you never quite know what is going on in the background
Only been 6 weeks since the results update. I been in on stocks with no updates for much longer. No news is good news as they say.
Hope you are right mate And fully agree with this company and its potential. I am heavily invested here and expect huge upside in the near term it’s just so frustrating that we’ve had no clarification or date for such a long time
As has been stated this has been red every day bar one for over 3 weeks now. The rot WILL stop at some stage!
Stew, the shorters get it wrong sometimes & have to cover quickly causing a short squeeze. Would only happen here if some excellent news dropped out of the blue. Personally i believe this share is just being played with by the shorters at the moment. They are just buying & selling and gradually bringing the price down. In the absence of large buys the drops will continue for a little while yet i think. Ultimately it is just an opportunity to buy up cheap stock & that's my view here. The turnaround will happen at some stage soon!
Trouble is on that basis the amount of shares that have been sold in the auctions has been a hell of a lot. Therefore they would need considerable volume to buy back in and to close that position. Given the number of shares in issue there is just not that volume to close their shorts with which means I don’t think it is shorters. Also why would you short blue stock with such a tiny MKP when there are so many other opportunities to short other stocks. Now this might be the answer unless the shorters I’ve got privy of information that isn’t at the market.
Stew, it is probable that it is short sellers. Declared & undeclared & the company doesn't/can't issue an RNS if it doesn't know who the sellers are. I suspect they are shorting it down to rinse out a few sellers who are tired of the drops. They will then buy them all back at a bargain price. I've seen it happen on a multitude of shares!
It’s not panic, it’s more annoyance into what’s going on here. A complete exclamation would be a holding rns Confirming who has reduced or completely sold out.
That’s the problem, and that’s the manipulation. Literally no update from the board of directors, no board of directors putting any money in in this absolutely insane share price, and no information of who has been selling consistently over the past few months.
Why all the panic. The shares haven't tanked or anything. A steady fall for a few weeks. It's nothing new. BP shares fell every month from Oct19 to Nov20, before then turning positive again. I'm glad you guys weren't in on Petrofac back in March. 35% drop in one day. No cause for alarm though & now that one is back way up again. This will come good. Relax, be patient!
I have tried to contact the company a few times with no response whatsoever. The disregard the shareholders is absolutely disgraceful I don’t give a crap about whether the board of directors should be spending time making money for the business they should also have some shareholder correspondence
Lots of people unhappy about the falls here & what is obvious manipulation. This is nothing new & happens all the time on shares. Look at how shares get shorted to the bare bones & investors panic & lose their cash. Would everyone complain if this was being pumped ready for a dump. No, of course not as you'd be sitting on profits. Yes we want the SP to rise & i'm sure it will based on the fundamentals here. Just have patience as this could drop more yet but will go up in the end. The market always corrects itself eventually!
I've never gone through anything like this before - don't suppose there's any chance of us lowly shareholders getting compensated in any way if it turns out there HAS been manipulation?
well contact the company secretary adn get it on the agenda for the AGM so that the BOD position can be minuted and held accountable.
Now I t’s almost certain that something dodgy is going on. I know this from my experience and knowledge of the markets. We have almost certainly had the same seller put big sells in all the intra-day auction right on the bid for a long time almost certainly crossing a notifiable threshold. The fraud that I think is going on is the lack of announcements to the market. There is not many people who trade the intraday auctions and not that many have the trading platforms to use the DMA intraday auctions.