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I was dealing with old NUOG Shares held by legacy holders before consolidation etc.. My point being not very many to get worried about from a company perspective, I can only imagine that there is range of 50-60 people that were invested at the very end and that is probably an over estimate from my behalf. Not enough to crash the market/share if we all sold from the get go. Most of the people that i know who hold are in to see how this pans out and not to sell straightaway although granted some will and I don't blame them, so this so called book building that is taking place to add extra to the pot is fruitless - If they had the money/funding then they should have re-listed as per RNS for the 24th Jan.
My conclusion but could well be wrong is that they have not raised enough at the present time to be able to launch hence why the long stop has been triggered. Well early Feb is a week today onwards.
But as said in the grand scheme of things all that matters is this re-list and it gives investors like us the chance to regain some of our initial investment . I want the company to have a great future but with very little info to go on we need an investment case whether to stay invested or to see how this goes over the coming months - hence why we need so much better communication from them going for otherwise it will be a job for the boys and nudge nudge wink wink etc.. which we want to come away from going forward.
I honestly do feel that they have struggled to get money/funding on the right terms hence why we have not re-listed as of yet - They have had a further 6 weeks since the GM - and we all know that placings in the past have been pretty quick to source - so I don't buy in to that they have the money to save the share crashing because upto the max 60 people will sell on the day. which we know most would want to see at least a little rise before selling.
A little long winded for that i apologize.
Jarem,
For what its worth the existing equity is approx 110m new shares.
If they place at 1p it's 23% of the initial equity. At 0.8 it's 20%.
So what you are saying Taxi - the company don't want shareholders only institutional investors, if that is the case then there is really no need to get a stock market listing - it could well be done in a totally different way for Guardian as the old company.
Now if you say that they have the money - if they have the money then this would be not a problem ---building book requirements - there are no more requirements than having the money, The long Stop basically means that conditions have not been met and by this we haven't raised enough money as of yet, or a price of the placing has not been agreed as of yet. I don't buy into the fact they have raised all that is needed,
As said yesterday as long as it re-list that is the main thing.- however this was delayed due to M and A saturation in the market - which clearly indicates they hadn't at time raised enough hence why they couldn't re-list straight after the GM and 4 weeks later they have still not raised enough to re-list - it quite simple.
To be honest if they are worried by 400-500 million legacy shares which after consolidation amounts to next to nothing - it won't create a dent to any share price going forward. If this is such an attractive opportunity then surely people will pile in on re-list - we know that the majority will be in safe hands anyway and very little shareholders like us. So if/once they raise enough money then it will re-list but to suggest they have the money now - i don't believe that for one second. Plus why assume legacy holders will sell, if the new company is worth investing then we have waited all this time we want to maximize our return of the initial investment so will keep invested, as said earlier the amount in legacy holders hands is very minimal anyway to really worry about.
Ying Tong
"The idea of a few institutional holders in effect pulling the strings is frankly, in my view, a complete fantasy".
As your a self confessed NON - SHAREHOLDER your views hold little relevance to either me or the company
wookie,
It will he interesting to see the final details of what they place. They have the right (now) to place at any price and the quantity is merely limited by the nominal capital value of the total placed.
I think they are struggling to get it away at 1p. The lowest indicated was 0.8 though there is nothing stopping them going lower.
Of great importance is getting the entire 2m. Their entire plan is predicated on the 386k left over from that.
Whilstvit may feel like your potential money "is not good enough" you could always ask novum for participation. An issue with an IPO to public is it is much tighter regulated. Consequently much more expensive.
The idea of a few institutional holders in effect pulling the strings is frankly, in my view, a complete fantasy.
There are very few funds whose compliance would allow them to go near something with a projected 5m cap. Certainly not in size.
Hopefully they will get it away. But they are clearly struggling.
The Company rightly sees the historical shareholders who were seduced by get rich ideas of Wild Cat frontier oil exploration as a historical accident. The company's business has changed as it seeks to move away from the "all or nothing" approach and become a regular business paying dividends. That essentially means that most, if not all, of the legacy shareholders will be divesting their holdings at the earliest opportunity and so the reverse flotation was not marketed at these types of investors. What the company is seeking to do is attract a core of 5 or 6 institutional investors who it can draw upon for further funds as the business diversifies and progresses. As manyhypothosis that it what it will need to do to produce sufficient revenue to pay all the company personnel sucking at the company's teat. I dont see most of the people on here being willing to invest further funds in what has been a loss making investment for 100% of those on here.
Not doubting taxi I’m a realist and just say it exactly as it is. Don’t make up fantasy’s to suit my agenda if I had one ( which here is simply recovering my investment ) we have Another missed deadline and another, and as I see it they haven’t raised enough money yet otherwise they simply would of listed. This is not the first missed deadline.
I agree with that it’s not as fast or easy at the moment to get things done on time. But that argument sort of irreverent here as they’ve had so much time and even with extended deadlines still struggle.
When I see something to be optimistic about I’ll comment and praise it. But won’t make up things that are not true because they’re what I want.
You say I, or, us private investors don’t deserve to be told what’s going on. Asides from thinking that’s inherently wrong had they asked us to be involved in the raise would likely put in a few hundred thousand myself. But as you say our money not good enough. Seems silly to me.
There is a slight delay due to book building requirements to take the legacy stock so the stock doesnt crater on opening. No one wants a bad opening in the stock and those that need or want to sell have to be able to do so in an orderly fashion. The funding issue, as I understand it, has been resolved, although details of the allocations for institutions are still being finalised. Demand for the stock, as I understand it, has been high although recent market wobbles may have led to some delaying signature for a few days. Good luck all and ignore the doubters.
I seem to remember Doc posted after the shares had gone into suspension and as he was jetting off to retire into the sun. Luckily if a 40:1 consolidation my breakeven is just over 1p, so hopefully they will achieve that pricing. It can't be easy getting corporate actions over the line at the moment, everything seems to be taking longer.
He knew nothing and nothing was going on. It was simply a classic NUOG pump and dump. Manipulated every time.
Anyone know, but what did Doc Holiday mean when he said it would be a "Doozy"? What did he know at the time, to use the expression?
Obviously not easy to raise the funds taxi. Perhaps due to lacking some of that information they don’t want to share about the business.. which might help…. But you know best.
Hundreds of thousands if not millions from us unworthy investors not good enough still I wonder..
Don’t want to say I told you so..
Unbelievable - total jokers!
Taxi has always been a joker but this really does make him look VERY, VERY FOOLISH indeed.
24 January 2022
Guardian Global Security plc
Formerly Nu-Oil and Gas plc
('the Company')
Update on target Admission Date
Guardian Global Security plc (formerly Nu-Oil and Gas plc) announces that it is the process of completing its fundraising and that admission to the Standard Segment of the London Stock Exchange is now expected to take place in early February. The Company and its Financial Adviser, Novum Securities Limited have accordingly agreed to extend the long stop date agreed between them.
The Pricing Statement will be published following the completion of the fundraising detailing the Placing Price and the number of Placing Shares.
Enquiries
Guardian Global Security plc (formerly Nu-Oil and Gas plc)
Tel: +44 (0)203 7400 207
Jay Bhattacherjee
Novum Securities Limited
Tel: +44 (0)20 7399 9400
David Coffman