Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Whilst sticky inflation remains this could signal the top, also set against UK/EU rates likely to drop within next couple of months.
If there is little to no more bad news due out of the Fed, trackers, index funds may adjust their economic model accordingly.
Powell pretty much rules out a hike and stocks like it
https://www.cnbc.com/2024/05/01/fed-meeting-today-live-updates-on-may-fed-rate-decision.html
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APH01
Posts: 539
Price: 63.20
No Opinion
RE: Main marketToday 12:53
Beware - Wall St is shaking, massive correction due.
" Very strange price keeps going down on nothing "
share prices never really go down on "nothing" !!
Absolute bargain, fill your boots. Roll up, roll up.
Very strange price keeps going down on nothing
Umm will take a few more
Not certain I would want want a short of any size
Something is brewing no clue but could lose
The new arrangements to merge the Standard and premium markets will be in force on the commencement of the second half of 2024, ie from July the 1st onwards.
The proposals have been a work in progress for some considerable time and THG have saved significant sums of money waiting for the consolidation, i think THG are ready and prepared for this change.
Below is a summary paragraph of the position,
Next Steps
The consultation will run until 22 March 2024 (save for a shorter comment period on the sponsor competency proposals which closes on 16 February 2024, with those changes implemented by mid-Q2 2024).
The FCA is expected to publish the final rules for the new listing regime at the start of H2 2024, to be followed by a two-week implementation period before the new regime comes into force. As such, IPO candidates and listed companies undertaking major transactions will benefit from these major changes from H2 2024 onwards.
GL to all
Flutter’s shareholders have approved the gambling giant’s plans to move its primary stock market listing from London to New York, dealing a fresh blow to the City.
Around 98pc of investors voted in favour of the Paddy Power owner’s shift across the Atlantic at a meeting today, as the company seeks to cash in on rising demand for sports betting in the US.
It is thought the move, which will become active at the end of the month, will prompt Flutter’s inclusion in America’s S&P 500 index.
@steveinhullI don't know if that was aimed at me but fwiw I think the delay is a p*sstake.
It was actually back in 2021 they first promised it.
https://www.lexisnexis.co.uk/blog/research-legal-analysis/thg-abandons-special-share-to-seek-premium-listing-restore-investor-confidence
Once golden share went as we know premium could have happened immediately. That was the main reason investors were agitating for golden share to go in the first place. FCA review seems like another false reason to kick can down road. If FCA decides not merge premium segment, it's back to square one. This is where an assertive chair should step in.
Beware - Wall St is shaking, massive correction due.
@steve the market was horrible for the last 2 years. And THG was haemorrhaging cash. Any move made last year would have had the pants down of MM long term backers. Yes Apollo would have given a return to PI’s who invested at the bottom, but at the expense of long term II’s who would have been subordinated to Apollo moving forward. Awful deal for them, so they said no. THG is now in much better shape to do a deal that is in the interest of ALL shareholders.
@404 fair enough, premium may not have been outright dismissed, but from actions it does not appear to a top priority I think we can agree on that.
But you don't know that do to. It's a "Guess". People have been saying that exactly thing on this board for over 2 years and it's still on the LSE with no sign of moving.
Have you ever thought he is maybe just waiting to see if the rule changes benefit him personally?
@Yesimabeliever We can only really go on what they've communicated in RNSs and results. As far as market is aware they have consistently signalled their intention to make the move.
The point is that if you were right and their intention was to not proceed, that would require an update. Until we get that, the assumption has to be that you are wrong.
Yes @cong I think that is their position I just couldn’t be bothered to write the detail about the rule change. Long and short of it is, LSE is not their preferred plan in the short/medium term, so why spend capital on it.
I don't think they have dismissed premium , they have been clear it happens when the rule changes occur ( I personally would have liked them to do it when a delay, so nearly a year ago, was stated) however how much do these things cost to implement? I get the feeling they are like it happens it happens, but they have other plans so won't spend money on it. Though if it basically costs nothing, then that is a bit poor if true.
As for the IPO, Bernie Madoff would have been proud of that one. Glad I wasn't part of that Sc@#. JMO Adyor!
@404, let me rephrase it then, if premium listing was Board’s preferred route forward, they would prob have done it by now
I suppose a premium listing would be a waste of time as this is not really a public listed company in normal terms. It seems 65% of the shares are held by a small clic that basically run the company as if it was a private company with little regard to Private Investors. JMO Adyor
There is zero evidence that they have dismissed the premium listing. If they did make that decision the market would need to be informed. I know Moulding fancies himself as some kind of vigilante where normal rules don't apply, but it would be material price sensitive news requiring an update.
Give the silence on it, looks like the Board have considered premium listing and dismissed it. MM has vocally said they don’t believe the LSE is the right place to finance and grow the business. Yes premium would boost the SP short term, but they would appear to have other plans
Why is the deluded one afraid of a premium listing. How much would it cost per annum?
Thg share price as said before will move up and down with the inflation figures in the states. Hot jobs data yesterday caused a sell off . The only thing that will make Thg go up in the short term is a capital event until interest rates start falling or inflation data indicates they will be soon . All my opinion
What are they doing now? Issues themselves some shares for free? They need work harder than only free share every weeks like this. This is going on some time now.
For what it would cost the benefits of moving to the premium division would be recovered in a possible jump in share price. Why not buy back 10% and then make the move, the naysayers would be Donald Ducked big time.
It’s only 1 person, talking to themselves!
Imagine being stuck in a room with these 3. Think I’d run into the wall headfirst.