Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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value will be even bigger once Provident ends their operations in the doorstep lending + Amigo currently not lending , the NSF business must be booming now and we dont even know about it
value will be even bigger once Provident ends their operations in the doorstep lending.
im afraid the short crew still have a firm grip on this.....strange postion for a competitor to be in with amgo... you could argue a win win here...however the big raise lerks in the wings ..
**reminder**
*updated* Today NSF mcap is ONLY GBP 19m = 6p = Perfect takeover target.
Cash £78m per last update
Unused £200m credit line facility
In August 2015, NSF acquired "Loans at Home" for £82.5m.
In December 2015, NSF acquired Everyday Loans for £235m.
In 2017 NSF acquired George Banco for £53.5 million.
In 2019 main shareholder Alchemy was pushing for the sale of "Loans at Home".
In 2020 company say that they want to strenghten the capital. Alchemy is supportive.
in 2021 company confirms the fundraising is going to happen after the FY results. Ordinary share is 5p so in case of rights issue we should see no less than 5p offer.
BUT: Events to come in Q2
1) FCA redress to be confirmed - BoD calculated redress amount £15.8 million as per FCA guidance - confirmed amount should lift the share price
2) FY results - loss for 2020, BUT in October Group operations were profitable. First time since 2019, before that Provident's ill-takeover approach - mcap is low and already is pricing in all the past losses - share price should to up
3) Fundraising (should see no less than 5p) / maybe combined with a sale of "Loans at Home" as Alchemy wanted it to happen?
I bought early 2020 on the back of the expected bump in price ......
If I wanted a rollercoaster ride I would have gone to the local theme park
Sitting tight!
I’m sure there will be a few around, it’s the institutions that are at a massive loss currently, if a takeover offer was presented to shareholders from Alchemy the same could happen as their takeover attempt of Countywide, as you’ll know Connells came along with a bigger offer and Alchemy was kicked to the side.
I think a takeover is possible but I’m not so sure, I think selling part of the business would be a better approach as we’ve said Loans at home is the most likely target. Exciting times ahead in IMO
Wonder if we still have many long term holders here who bought in 2019 or before?
I only bought them this year.
;-) like I said, nothing to worry about Mariog..
Great then. I'll let them takeover it for 15p :)
For a takeover offer a bidder must make a cash offer, or provide a cash alternative, at not less than the highest price paid by the bidder, or any of its concert parties, during the 12 months before the announcement of the offer
(Rule 9.5(a), Code) and is also required to increase its offer to not less than the highest price paid for an interest in shares acquired after the announcement of a mandatory offer and before the offer closes for acceptances (Rule 9.5(b), Code).
I’m sure matey...
15p. u nsure they cannot offer way less, say 6p?
Wouldn’t be overly concerned with that, they’d still need to pay the highest price paid in the last 12 months so you’d be looking at 15p minimum, also when FCA responds to the redress issue I’d expect the confidence to be restored, if it’s positive of course.
My main worry is not FCA actually but a low ball takeover offer coming from Alchemy. Low offer can mean a loss of possibility to gain way more than we all want. Alchemy has 29.9 % which in theory can let them make an offer for the entire company just after FCA news.
I understand that FCA gave the company a guidance on how to calculate redress. This was done and submitted for approval. If the FCA say no, which I see as an unlikely scenario, then we'll how much more they could ask for? 1,5,10m more? NSF has 78m cash. That Guarantor Loans unit is not a main business. Redress cannot be much bigger than 16m
Not sure...two issues. One, the FCA may say no. Secondly, the placing might be at just 4p to get it away. So very cheap but very dangerous. Small free carry myself. Hopefully clarification soon
What is missing here is the share marketing I suppose. People forgot about this share so we have no trades.
Mariog,
Thanks for the update, remember we’ll receive an update from the FCA before the rights issue update, so if the FCA news is positive then rights issue should meet the approximate share price at that time so could be exciting :-)
No volume to move price. This morning for example we have had 0 (ZERO) shares traded on SETS which is where the price is moved. I reckon someone who has DMA could seriously move this stock one way or the other with purchases/sales of as little £10-£20k its that quiet. Ive added sub 6p and am happy to hold. This thing just has a habit of popping when you least expect it and its not always on news thats released RNS etc.........
*updated* Today NSF mcap is ONLY GBP 18m = 6p = Perfect takeover target.
Cash £78m
In August 2015, NSF acquired "Loans at Home" for £82.5m.
In December 2015, NSF acquired Everyday Loans for £235m.
In 2017 NSF acquired George Banco for £53.5 million.
In 2019 main shareholder Alchemy was pushing for the sale of "Loans at Home".
In 2020 company say that they want to strenghten the capital. Alchemy is supportive.
in 2021 company confirms the fundraising is going to happen after the FY results. Ordinary share is 5p so in case of rights issue we should see no less than 5p offer.
Events to come in Q2:
1) FCA redress to be confirmed - BoD calculated redress amount £15.8 million as per FCA guidance - confirmed amount should lift the share price
2) FY results - loss for 2020, BUT in October Group operations were profitable. First time since 2019, before that Provident's ill-takeover approach - mcap is low and already is pricing in all the past losses - share price should to up
3) Fundraising (should see no less than 5p) / maybe combined with a sale of "Loans at Home" as Alchemy wanted it to happen?
Today NSF mcap is ONLY GBP 18m = 6p = Perfect takeover target.
Cash £78m
In August 2015, NSF acquired "Loans at Home" for £82.5m.
In December 2015, NSF acquired Everyday Loans for £235m.
In 2017 NSF acquired George Banco for £53.5 million.
In 2019 main shareholder Alchemy was pushing for the sale of "Loans at Home".
In 2020 company say that they want to strenghten the capital. Alchemy is supportive.
in 2021 company confirms the fundraising is going to happen after the FY results.
Events to come in Q2:
1) FCA redress to be confirmed
2) FY results
3) Fundraising/maybe sale of "Loans at Home" ?
Today NSF mcap is ONLY GBP 18m = 6p = Perfect takeover target.
Cash £78m
In August 2015, NSF acquired "Loans at home" for £82.5m.
In December 2015, NSF acquired Everyday Loans for £235m.
In 2017 NSF acquired George Banco for £53.5 million.
I meant Amigos as shareholders will buy NSF shares once their Scheme is approved and share price multiplies. Amigo company taking over NSF not an option for sure. More can see Provident trying to buy Trust Two or George Banco from NSF.
NSF will sell off Loans at home or there will be a takeover, no dilution IMO.
NSF Previously offered to ditch Loans at home division previously to get the thumbs up to the regulator for the PFG takeover but as we know that fell on its arse.
If any of the above happens this would be a huge
Re-rate.
Remember this isn’t a AIM share, like WSG who don’t give a monkeys about shareholders and dilute the crap out of a company.
Didn’t they cancel 5 million shares a couple years ago? To take from 317,000,000 to 312,000,000?
I’m happy to hold...
Competition and Mergers Commission will not allow. Same Reason why NSF backed off re PFG.
Perhaps Amigos will buy NSF when their company wins the Scheme. They will realise profits and move some free money here, if of course NSF price is still low as now.