Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. 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. 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.
PDMSPiper,
Yes there was a corporate split on 21st Oct, when M&G PLC split from Prudential.
The 9.93% holding by “M&G Investment Management” was exactly the same as the 9.93% Prudential notified the market on 22 Oct as a disposal to 0%.
On the same day M&G Plc notified 6.45% of 4,064M =262M
The same 262M of 6,731M post raise is c3.8% (hence less than 5% notified today)
Clearly the Pru have been selling since 09 Aug and M&G did not participate in the raise.
Judging by the lack of TR1’s to date it feels to me that the Shareholder base has been widened but there is no apparent %age concentration on any particular IIs.
Maybe that was part of the plan ?
Jack
BRR media have a video scheduled for wed for a Romania update with Sachin on their home page. More good news ?
Didn’t M&G recently undergo some sort of corporate restructuring where they left the Prudential group? When they first took that £3Mill at 0.85 they were part of Pru. Now they aren’t. Possibly new fund manager clearing the decks for a new strategy. It happens.
the BIG difference guys , is we now own a controlling share of the Operator here , where we did not before.
You cannot underestimate that power of that control right now and BOD here has played a blinder in doing this before this key news.
We now own many multiples of that placing in the operator and in the asset itself indirectly.
anyways , i'm confident that with 65% of the entire shares issued in II hands , that we are safe. At least you dont need to worry about the money yo-yo with rubbish day traders anymore like other shares.
Our time will come and when least expect it , who know if offer comes ?
Also , are none of you aware of Parta IM1 EWT due end of this month....WN has overshadowed that and think lotsa you forgetting Parta is another jewel in our bag with very quick monetisation options
laters
IT
Maybe but M&G clearly didn't participate in the raise, they may well be as ****ed off as ma about the dilution.
I feel that today's rns merely provides us mere pi's with the info presented to the insti' some time ago so hardly surprising that the sp is moribund. The BRR media clip this morning was carp as in no meaningful additions apart from mentioning an exciting time over the next year OR SO thereby covering themselves for dalays in their prospectus delivered on the raise.
Although there is dilution a large part of the raise significantly increases the %age held and the potential future value. I dislike dilution as much as anybody but in this case the additional investment could be rewarded numerous times over.
"As a LTH with a significant holding I was disappointed with the dilution event in Oct"
Yep.........especially as the news today did not require any of the £24M raised !! This news was forthcoming regardless of the II raise.
I just hope the difficult dilemma of releasing this news pre raise, and the undoubtedly rise in SP that probably would have resulted, compared to what impact that would have had on the £'s raised and %age dilution.
I guess the next 6-9 months will tell..........
Jack
Don't expect a fast sp gain just yet as some of that last big placing needs to be distributed around the market.
MMs are doing their job.
Holding a line?
All you need is patience. Just follow the money.
Watch out for more comments from BMD next....
Parta is also on the agenda.
C.
That is what most of us LTHS have had to swallow.
As you say though the end game will be worth it.
I concur Rovers. Yes, I’m a bit miffed at the recent big raise as I saw £93k disappear from the value of my Reabold holding in my portfolio. £93k is the price I’ve paid to further develop the West Newton story and unlock multiples of additional value in the next 12 months. That considered, I think spitting the dummy and selling out now would just allow somebody else to benefit from the £93k I’ve just forked out. Why would I do that? I’ve paid the price now so the only way forward is to hunker down and apply patience, sit on my hands and watch this play out. GLA.
So - volumes up from 70mmboe / 189BcF to 146-283mmboe / 211-265BcF. Sensational numbers in anyone's eyes.
And it's an onshore asset.
Volume today 5x normal but SP sideways
I read a mix of 5m ii sells (maybe Miton maybe placing) & disaffected pi's unhappy at the raise wanting out & new pi's / HNW taking / growing existing positions.
Clearly significant volumes churning at present - will the SP move anytime soon?
Certainly I can't see another UK listed O&G E&P with as much scope as RBD considering the asset portfolio.
As a LTH with a significant holding I was disappointed with the dilution event in Oct; but 40% of the numbers quoted above just in the KA formation make this a superb hold & wait to play out situation. Excited for imminent restart of EWT & 2x WNB drills Q1 coupled with imminent KA CPR.