We would love to hear your thoughts about our site and services, please take our survey 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.
Sageman,
Re: 'FWIW my view is that we will see our money back but with dilution etc we could be talking years to see 20p of value ( sp plus dividends'
Agree, but playing Devils Advocate here, that does beg the question,........ are we better selling now and buy back later when the dilution has occurred?
Rogue, fool articles are generally poorly researched and of little merit. The financial package has substantially altered from the previous plan. The mine will get built the only question is to what extent , if any, current investors will benefit. FWIW my view is that we will see our money back but with dilution etc we could be talking years to see 20p of value ( sp plus dividends). Very high risk, no guarantees but at this price worth a small punt....but it is a punt not an investment.
The Fool article is spot on:
"Debt funding is unlikely. It’s already failed, and when debt holders do not benefit from the upside unlike equity holders, they want secure projects that will generate consistent cash flows.
Equity funding is more likely but, with the company on its knees, nobody is in a rush to offer them cash. It’s better to wait for the company to be down and out then offer a highly dilutive placing, which will likely wipe out existing shareholders.
The only other option is that nobody offers equity and the entire project goes bang. "
Perhaps you could enlighten us as to which part of this does not reflect the reality of the situation?
A rather transparent article yes. He makes money on the share price falling?
https://markets.ft.com/data/equities/tearsheet/profile?s=SXX:LSE
Scroll down
Yep
HL asset management another 4.84%
I also claim a very, very small fraction of HL's shares. Would be interested to know if HL hold any SXX in any of there own managed funds guess not as they seem quite risk adverse so imagine that most of the 10% is private owned
Hence sxx always being at the top their " most viewed today chart "
Reveekcm correct ,HL as of 2 nov held just over 10% _ of which a very insignificant amount are mine lol
Reveekcm
Well noted.
Thanks
Norges bank, HSBC, Legal General,Capital.also have 6or7 % between them
Huge.
Just shows hats out here.
Will go with the SXX info
Cheers
JTMacs - those stats are wrong as they include shares held in Nominee accounts i.e. most of the PI's hold shares through the likes of HL, Barclays etc so they have been erroneously identified as Institutional Investors. As ffcmember pointed out the information of Sirius website is correct.
Haven't got a clue where they get those stats from
https://siriusminerals.com/investors/shareholder-information/significant-shareholders/
there may be a few more under the radar but not many
FFc
He's also wrong that PI's are the majority - PI's own 14% only.
Also - insiders (BoD hold 5.4 M pounds worth.
This Yahoo finance article explains:
https://finance.yahoo.com/news/kind-shareholder-owns-most-sirius-143108286.html
Gla
Wonder if Taylor goes by the nickname Bucky ?? been absent for a few days ?
Exactly. I read that as "now is the time to buy" a short seller is trying to convince people to sell i.e. they need to buy to close the position before it's too late. Thanks Motley...
He mentions this also:
The company has a CEO that is disparaging of bulletin board posters, but many of those same posters will feel aggrieved having backed the CEO who takes home just under £1m in salary and bonus.
The CEO doesn't complain about the Fools (Stated as a short ) though.
Bit imbalanced.
Mr Taylor currently holds a short position in Sirius Minerals !!!!!!!
No agenda then !
1 hr ago the Motley Fool wrote I would sell Sirius shares it's doomed, tomorrow he will be saying is now the time to buy Sirius.