Goldplat CEO Werner Klingenberg discusses dividend policy, share buybacks and the Kilimenpesa sale. Watch the full 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 and have access to Premium Chat. 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.
You know what Earache I could go on.... but I'm just not. People don't care about this. You can't read the room. If any one has anything to learn, it most certainly is you. Back to your sad life you go.
You don't like being challenged, do you Ryan, but good on you for agreeing that many of your posts were ill researched, wild dreams or simply wrong, however your last three posts, still trying to justify those errors, says it all. I am not "clinging to the technicality that the fund raise isn't complete. Have a day off." I'm talking fact, Ryan. Straight and level. A mere technicality, eh, when the RNS states an "intention" to list not a commitment? OK - I expect it will list, all things being equal, but it's not a reality yet. Add that one to your above list of reluctant mea culpas.
None of this started out as personal but you pulled the trigger by rejecting reality. Petty sarcasm, playground name calling, all the sort of stuff which I guess, if aimed at you, would put you in a right tizzy. Doesn't bother me. Neither do childish jibes from others who I've called out in the past but who think it's clever to jump on the bandwagon while the jumping's good.
Just like you on me, I've no idea of your background, your career or your life experiences. All I or anyone else has to go on is your posting history and your responses, so far from 'trying to demolish you' as someone put it I correctly checked back before making comment on current posts. Seems only fair.
You say "I have made some mistakes along the way, but I'm also learning along the way also. I am not a professional investor ..." Fine. We all started somewhere but not by dishing out advice and forecasts and telling old hands to "get a grip". Like many others on here, I've been round the block a good few times and am similarly street and BB wise'ish. If I find ramping for the sake of it, as opposed to reasoned positivity, then I'll let it ride until it becomes too much which is what happened here.
You started this "Still not worried" thread at 18:41 Wednesday and carried on talking to yourself on it 'til 22:39. You made false claims which I later challenged. (Re profitability, btw. You can put up all sorts of charts in presentations just as happened last year - then we got the full picture last week. And £5m from CF? I've backed him with 10% of my wealth so why shouldn't he back himself with at least a similar 10%?). I posted my considered response to your initial posts which I stand by. Read it again.
You said you want to move on but you've now put up three missives at 21:10, 22:55 and 23:10. No-one else in between. Just you getting all wound up and talking to yourself again. "Still not worried"? What is it? Overstretched? Underwater? And now wanting CF to hurry up and put his money where his mouth is or else your sentiment will change?
You've a lot to learn, Ryan, but you won't do it this way. GL.
Seriously considered as I first thought, but I still believe a share buy back to be the best way to give value back to the shareholders. The dilution I'm refering to is the amount of Open Orphan shares I'm issue which is near 700m. I think that's a lot more then this company needs to have in issue.
23p stop loss was something I had in place in January to hopefully take advantage of a further dip. Didn't work. Hit 23p then bounced. Bought back in almost instantly after.
"You see Ryan, it's important to present facts not speculation or make believe. You have a problem with reality and kick off when challenged. OO have NOT delivered the first spin out. They're still raising funds for it. It's not delivered 'til it's listed but your unquestioned doctrine, and it was obvious I meant yours not OO's, ignores that inconvenient fact." No problem with reality, if CF doesn't deliver within the next week or so and doesn't put his money where his mouth is my sentiment will change. Its funny you say mention facts but your whole post doesn't include any Open Orphan facts and just lists my posts previous. Never kicked off when challenged as long as it was a valid argument with real logic behind it, yours has just been personal attacks.
Open Orphan has delivered the first spin off and you are just clinging to the technicality that the fund raise isn't complete. Have a day off.
"As for everyone else who had a pop at me, I have not / am not on an anti CF crusade and haven't sold a single share. All I and others were doing was countering those who only see (or post) one side of it. Don't make assumptions and don't sulk 'cos you were challenged in the past" You've shown your true colours. It seems you were the one sulking. Hence your rattled response.
Glad you have clarified that you are not on a CF de-ramp, and are indeed his biggest fan.
GLA hopefully back to Open Orphan Chats and normal discussions tommorow. I'd like to apologise to all who actually come here to read about Orph instead of this frankly embarrassing affair. All the best.
Now this is the last time I comment on this, because its clear that many don't want to sit and watch you and me go back and forth, because it is not constructive and frankly boring.
But a fact check for you.
"You're a one horse ramper trying to shout down anyone without rose tints who calls it straight and level." Simply untrue I've had many a discussion on this board with people posing opposite views and have always respected them, if they had valid logical arguments.
" "What a load of tosh! "Investors turned bearish on the company expecting the demerger to hurt the overall company's value, with many wondering when the sell off will end" complete rubbish!" That was me refering to an article posted about Orphs share price dropping that I didn't agree with. I don't think the share price dropped at that time due to the spin out coming soon.
"The support is at 38p if it drops below that then we should re-think, other then that the share price is just continuing with a natural pattern after just reaching a recent high and taking a dip. Ask what has changed? Nothing at all."" Support at that time was 38p and as you will not the comment is quite level suggesting maybe a rethink needed if we dropped below it. So much for endless ramping huh.
"but can't even get the terminology correct: "three dividend in speciale". 17th May: "Combined with good news can see 40p+ again by the end of the week!" Noted it should be dividend in species. The spelling is wrong. Optimistic comment speculating that with good news could see it reaching 40p by the end of that week. Didn't happen, speculation was wrong. So what?
"3rd June: "Once this final drop is completed we are going to shoot into the 40's/50's. Too much news coming our way and the technicals well within our favour. We have been gearing up for this shoot since 12th of April. I'm calling it now within the next couple of weeks, just wait." Technicals at the time were in favour suggesting a shoot. They still are in my opinion. Obviously the shoot didn't come within the two weeks, I was wrong. Not afraid to admit that. Sometimes things don't work out how you expect.
"8th June: "Glad you cleared that up extrader. For a minute there I thought they were diluting 25 million shares on a 1:5 ration meaning 125 billion shares (which obviously couldn't be right)." Clearly a bit of dry humour that obviously passed right through you. 125 billion shares would be ludacris.
"And even today: "Open Orphan must be seriously considering share buy back. Voting rights just come through on my II account for us to allow OO to share buy back. That's great news if they do it." You were quickly corrected but followed with "Fair enough, would be a great idea if OO did it though. Lots of shares in issue atm. Would be nice to see them cutting some of the dilution down ..." What dilution? WTF are you talking about?" Yes quickly corrected by extrader and my response was to accept that maybe it didn't seem as seriously c
Laughable Earache, really Laughable.
I, like you and everyone else on this board come to debate Open Orphan. If you see it fit to spend your time investigating my posts down to a T then so be it. My sentiment has always remained the same and have been long Open Orphan since my first post. Yes maybe I have made some mistakes along the way, but I'm also learning along the way also. I am not a professional investor, so what the hell do you expect. If you really want to know more about me (because it seems you are now trying to research my life story) I have two goldfish also and enjoy long walks in the rain.
Also thanks for refreshing my memory on the stop loss, because you are right it did kick in. I was wrong. So I was out of Open Orphan for exactly 10 mins or so.... does that seem like a win to you?
As for presenting myself as a guru, if that's what you believe then so be it. However I don't belive that to be the case and actually enjoy people putting up a separate agruement to what I believe to be the case. It's just a shame that you can't do that and instead go on to personal attacks.
This won't deter me from contributing to this board, even if you change from de-ramping CF to now de-ramping me.
Get a grip man, what a sad life you must lead.
Now put yourself to bed and focus on Open Orphan. Nothing has changed Open Orphan still a great prospect! Let's continue moving forward!
Hi yes…joined 2nd June and support the comment as stated! I generally refrain from commenting but felt I should here. Open Orphan will be a good investment over many months/years…I just don’t get the manic shorttermism! I am invested and will be holding as was always my intention
But we all know these nonsense “he’s missed a day” posts are you all trading against each other like crabs in a basket.
Carry on - ear- where my fry- pho tea. ? And don’t forget a paper clip audit is coming soon.
"As for everyone else who had a pop at me, I have not / am not on an anti CF crusade and haven't sold a single share. All I and others were doing was countering those who only see (or post) one side of it. Don't make assumptions and don't sulk 'cos you were challenged in the past. GLA."
You're not the only one EA. I see I'm worthy of being blocked for merely pointing out how CF's timescales are more often wrong than not. Hey ho, there are none so blind as those that will not see. Blind investing? Their loss.
Ear, diatribes like this don’t do you, or the board, any favours. DDB tried his best to bring some much needed perspective and positivity today, yet here you are, trawling through post histories to dismantle a fellow investor, just when the conversation was turning to orphs prospects and future.
I just don’t get it. Why must you always have the last word? All you’ve achieved is to justify the criticism others have levelled at you. And so the discussion heads back the gutter…
Think I’ll give myself a little break from this BB for a while, some great posters and conversation recently but all this squabbling and this departure from reality so many seem to be indulging in is just not worth the hassle.
Ryan. You're a one horse ramper trying to shout down anyone without rose tints who calls it straight and level. 5th May: "What a load of tosh! "Investors turned bearish on the company expecting the demerger to hurt the overall company's value, with many wondering when the sell off will end" complete rubbish! The support is at 38p if it drops below that then we should re-think, other then that the share price is just continuing with a natural pattern after just reaching a recent high and taking a dip. Ask what has changed? Nothing at all."
You've presented yourself as the ORPH guru on sp moves, new highs and what's round the corner but can't even get the terminology correct: "three dividend in speciale". 17th May: "Combined with good news can see 40p+ again by the end of the week!"
3rd June: "Once this final drop is completed we are going to shoot into the 40's/50's. Too much news coming our way and the technicals well within our favour. We have been gearing up for this shoot since 12th of April. I'm calling it now within the next couple of weeks, just wait."
I've often noted that constant ramping and getting it wrong goes hand in hand with lack of knowledge. 8th June: "Glad you cleared that up extrader. For a minute there I thought they were diluting 25 million shares on a 1:5 ration meaning 125 billion shares (which obviously couldn't be right)." And even today: "Open Orphan must be seriously considering share buy back. Voting rights just come through on my II account for us to allow OO to share buy back. That's great news if they do it." You were quickly corrected but followed with "Fair enough, would be a great idea if OO did it though. Lots of shares in issue atm. Would be nice to see them cutting some of the dilution down ..." What dilution? WTF are you talking about?
On top of all that, you're a liar: "Strange that you would go that far back to research my investing to see I had a 23p stop loss. This was down to me trying to get out and buy a further dip. You will know that stop loss never actually happened did it now."
So it never actually happened? How about this then from 28th January: "Unfortunately my stop loss kicked in at 23p but ill be buying back in at these low prices."
You see Ryan, it's important to present facts not speculation or make believe. You have a problem with reality and kick off when challenged. OO have NOT delivered the first spin out. They're still raising funds for it. It's not delivered 'til it's listed but your unquestioned doctrine, and it was obvious I meant yours not OO's, ignores that inconvenient fact.
As for everyone else who had a pop at me, I have not / am not on an anti CF crusade and haven't sold a single share. All I and others were doing was countering those who only see (or post) one side of it. Don't make assumptions and don't sulk 'cos you were challenged in the past. GLA.
"Subtle negativity and mind games"???
Wow, you really have drunk the CF coolaid haven't you?
First time I've ever been called subtle though so thanks for the compliment.
On the flip side Trev gave us a perfect opportunity to by into Orph having driven the SP into the abyss. Every cloud has a silver lining as they say. Three cheers for Trev…lol
Bronxville, why are you saying it like it's a bad thing that we've been invested here a long time? We have the most conviction of anyone here and had Trevor not been a useless bag of cells, how much would the £13m hvo that orph acquired, be worth now in the current climate? 10-20x?
Ryan I agree with you totally re share buybacks. And as a buyback (and subsequent rising SP) is more tax efficient than a dividend, it goes to show that once again the shareholder is right at the front of CF’s thinking.
Green - Thanks for the confirmation. To me the road ahead is pretty clear, the only grey areas are the timeframe to sale and the size of the dividends that are received in the meantime.
Some here seem to have forgotten that AIM is about higher risk investments for sometimes very high returns. There is no doubt still risk here, but I think the potential gain more than justifies the investment. There was a previous comment on here suggesting that investors that have been here longer give CF more leeway because they're already well up. Well I think whoever ventured that view needs to reconsider how they review their investments. Every day is a new day. If you wouldn't invest your hard-earned in this company anew at 32p, why on earth would you leave an existing 32p just because once upon a time it was 15p? 32p is 32p, it's good or bad, in or out. We're all here today and our shares are worth 32p.
I would speculate it would be in the millions when CF buys more. The thing that seems to have slipped by today is that OO seriously considering share buy backs. That adds immense value to the company. Combine that with CF buying and we are in for a very good time.
Drop D, you make a very good point there about the speed of the spin offs. Personally still can't see being bought until at least 2023. Wouldn't mind being proved wrong though.
Mozi, I don't know where you appeared from but you subtle negativity and mind games isn't going to work on LTH's, when you have facts post them not just your negative views. I hope you find your premium bonds very interesting....lol
He has a right to an opinion but like someone else here said, its a ridiculously high amount, clearly chosen to make it look bad when he invests a fraction of that amount. Earache has either sold up or sold a good chunk and that is very evident in the change of his rhetoric.
If you are keen for others to have a guess, I'll say £250k
I think a few on here need to start recognising that CF has some faults that's all. Promising the undeliverable earth is probably in his Irish personality?
As for Earaches 5million target ... that's his opinion and he has a right to it. I notice nobody else is daring to put a number on it. Well from my point of view if he can buy 3% of UKSPAC "by accident" then he needs to be throwing quite a bit at Orph to prove his confidence going forward. A six figure sum at least in my book. It would also be reassuring to see the other senior team members buying more. Orph isn't a one man band after all.
Ryan - I think the opposite. ORPH is moving as fast as possible to spin-out the non core businesses. Why? In a few months that will leave core ORPH unecumbered, firing on all cyclinders, highly profitable and with great order book. I think that's when ORPH will be bought out, by an org for whom core ORPH is a perfect fit, potentially this side of Christmas.
Agree DDB. Revenue wise they should be constrained by IFRS15, so can only book revenue when service delivered (regardless of whether paid upfront) which probably suited them for FY20 anyway so revenue would be kept low. CHIM studies have pre-booked slots so initial studies should still be delivered for FY21 revenue recognition, which aligns with a low/mid £50smn FY21 figure.
Cost wise, more discretion, so would have expected those to be pushed into FY20 where possible. No benefit to CF to show a strong FY20, it's the transformation that needs highlighting.
Ryan - You could well be right and next year is too soon, but don't forget CF is lining himself up for other roles such as Poolbeg Pharma which would maybe benefit from him being in London. When the right offers land, hands will be bitten off
Mozi - No, you should keep a balanced view and have the courage of your convictions. Anyone who feels constant doubts with their investment but thinks the remedy to these reservations is to spout endlessly negatively on a BB rather than research a new investment and move their money is doing so for 'other' reasons, and by that I don't mean shorting or seeking a lower entry (which is fair game as long as it isn't excessively bending the truth or simply making ups lies), I mean more 'personal' reasons.
DB- personally can't see it being sold that quick. Not with CF moving his family to London. Would think we will need to be profitable for at least 2 years first aswell. Fully expect a sale to happen in the very long term though, once everything is established.