The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Another million swallowed on the offer, next trade hits the bid. They just don't want to let this breathe, keep the pressure on the sell side. When will this seller run out? It's getting boring now. If he stepped away for a while he might be able to sell some 50% or 100% higher.
Stick a fork in it, it's done.
another 1.1m shares bought at below the offer price, the big seller is still in control here.
Should we maybe be asking who’s buying all these shares rather than who’s selling them? A lot of automatic trades suggest to me that it’s not PIs
On the flip side, someone is buying the millions of shares he's selling...
same here, liked the concept, and think it could be huge one day.. the question is will the company stay solvent long enough..
Fair enough MM don't disagree with any of that. My average in-price was 14-15p so know what you mean - I broke all my own rules investing here as it's a sector I know little about, just liked the concept. You know about the rule of thumb statistic that 90% of shares which fall 90% go bust... I really doubt that it applies here though.
ha.. not at all, as I said, I have a large investment in this, started buying in Jan last year at 28p... if you look back at my posts you will see I am on that side of the fence. Just experienced enough to see when something is only going one way, month after month, that the writing could well be on the wall. There are smarter and better informed guys/gals out there than you and me.
The way you're talking it sounds like you're the one wanting it to go to zero Myrtle... agenda perhaps...?
Not saying I think it will, god knows I have too much money tied up in this to want it to go to zero, but this seller who has pushed the price all the way down to almost zero is either a big investor who can see the wood from the trees and wants out no matter what, or it's a short-seller who can see that this company has more chance of going bust in the near term. Of course they're going to carry on signing up businesses like Toyo, they are still trying to make things work, but maybe they are like the orchestra on the titanic right now.
Oh yeah I was just considering cash at 30 June. Going to zero..? Why would they be taking a a deposit from Toyo and entering into an agreement if that was the case?
Straight in to paint the tape again, hitting the 2.31p offer to take it to new lows. This guy knows it's going to zero and wants out at whatever price.
They raised £7m in July so unless it's for something special I doubt it Neils?
Maybe a fund raise soon so someone trying to keep the price down?
The Velocys website offers the following as holdings on 6 Sep 19. Not a lot has changed ! Can't see RA getting out at this price given the price when he got in wwas in excess of £2!
Shareholders owning more than 3% of the Company at 6 September 2019 were as follows:
Ervington Investments Limited (21.41%)
Lansdowne Partners (21.16%)
Amati AIM VCT plc (10.36%)
CQS Directional Opportunities Master Fund Ltd (9.32%)
Janus Henderson Group (6.09%)
Jarvis Investment Management (4.25%)
Invesco Asset Management (3.67%)
5.6m shares done today and it can't get past 2.7p. That last buy of 725,000 didn't even have to go through the offer. This guy has millions of shares to sell and is not stopping. It'll be interesting to see when shareholding are updated who has been dumping.
Also, don't forget (as I just did, am a bit rusty on this one despite being a long-suffering LTH!) that they raised £7m in July (ie post-half year end) in which the directors participated, and both BA and Shell have committed to co-funding arrangements.
Ramp over lol.
I don't think anyone would dispute that it's been a mess of late, and cash was indeed short, plus as you say the seller has pushed the price down to a level where it's virtually priced to fail. However the £500k nonrefund deposit makes for a good start, and with partners like BA, Shell and now Toyo showing good support it's hard to imagine this not now prevailing?
More fool the seller.
This seller who has pushed the price down to 2.4p over the last few weeks is relentless - even with 1.4m shares purchased this morning, the offer keeps coming down. He just will not step back and let it go. News like this should have seen a 50% pop at least back in to the mid 3-4p range we were in, sp has only managed an 8% rise and is still below 3p.