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.
Morning
Shares in issue and the offer price are the important points as they give you a valuation for the company. They had £22 million on the books, added a further €40 million in new producing assets + 2C upside representing a further €60 million post drill.
Kejoglo will soon be telling us all like they did for month after month that the SP is going down, down, down and that Ruvuma will be stolen from right under the Boards and PI's noses and we will all be left with nothing.
Looks like you got that very wrong on both counts Kejolglo, still I am sure you will apologize in good time?
All the best
The RNS sets out the expected timelines. Mid Nov for the admission document, you then have the statutory 21 days notice for the EGM taking you to mid December.
Mathematically consolidation means nothing........... when done for the right reasons...........!
II's know that, for sure..........! it won't happen here though IMO :) no reason needed :()
All the best (you seem infatuated with when..........! thought you'd trolled your price well :()
Whether you like it or not and whether a consolidation makes things easier or not you cannot get away from the fact that it is seen as an aesthetic change deliberately done to give a false sense of value. It may be dressed up as being easier to trade and with Solo's sp dropping like it did before it did become a necessity but if it became a necessity again it would be bad news - they might do it particularly as the trading name sounds like it is going to be different but a SECOND consolidation would not be my choice.
However the big question is not the offer price or whether there is a consolidation the big question is WHEN? Everything else only makes a difference WHEN it happens. Before you know it we will be waiting for this just like we are waiting for everything else.
In saying that, if they are close to delivering another deal or deals and they are of the same size or bigger then it might be worth doing so now?
I agree with trrime & AA on this one, it would seem unnecessary considering the small # of shares in issue. The restructuring is required to reflect the new assets and the associated cap and price.
Just have to wait and see what's in the admission document. With the BOD currently owning 8% odd of the shares I am sure they will do what's best for the company and shareholders.
ArielArrow I happen to agree with you. I went through the last consolidation and it hurt. Nothing was achieved, all the loyal shareholders lost out. Once the consolidation took place the price just melted away and continued to dive. Unfortunately there are no rewards for the loyal shareholders in consolidation just a dissolving of their holdings. Others may not agree but it has happened to me a couple of times now with other shares. Everything I have read about consolidation never seemingly has an upside.
I personally hope they don't consolidate, firstly because I see no reason with the current situation and secondly because I have yet to experience consoldation having a beneficial effect on the market cap.
The board are growing the company very quickly.
Income of £40 million plus could be achieved in year one and be £400 million plus in 4 to 5 years if not sooner. They will want a much higher sp and make the trading easier for larger investors.
IMO there will be a consolidation of some sort. Until we see the companies proposals we will not know but with the new board firmly in place anything could happen. I would also expect share buybacks scrip issues instead of cash dividends that way the cash is conserved but shareholders are just issued more shares. Exciting months ahead. We just need that licence to drop and the helium one ipo to get things moving.