The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
Ok cheers Mike. We have had quiet a few people in the past year complaining about David and George being on the board in terms of being able to trust them so now Mike has said everything is fine here with the new board I think more people will invest here now David and George have resigned
Thanks Mike. Some impatience and worry seems to be setting in from some so a few soothing words could help. Im quite relaxed still and mine will be going in the bottom drawer. Not a good idea to be watching daiy and fretting.
Hi Guys
Don't be alarmed by the changes , it was always part of the plan
AM & DL are big believers of the incumbent board, as am I
This is going to be a sensational company in the next few years, have met with the Commarco guys and there are lots of deals in the pipeline to be excited about, if I could add more I would but if I add any more I will go over 30% and trigger my own takeover!!!
We also no nothing of the new board members here
Yes I knew David just came in to tidy the company up so wasn’t surprised he has left but George and Andrew I am surprised especially Andrew as he has been on Twitter for the last saying how massive this is going to be but now he has resigned it makes no sense
Has this happened before with other companies that have had an RTO all members of the board have left? Mike would help if you can comment on the board members leaving to assure me that it’s nothing to worry about?
Mike hasn’t made any comment about the board members leaving? Mike invested with David, George and Andrew at the helm.
Would be nice if the prospectus lands next week
I know what your saying but we dont know and its not a problem..i wont lose sleep over it. As long as the sp isnt affected then it doesnt matter.
Lets just wait..a bit more patience now and good things will start to happen.
Bloodshot I don’t understand why David, George and Andrew would be bigging this company up and saying it’s massive news what’s happening here over the last year to now walk away? They must have got a big pay off to walk away or am I missing something here?
Its all in the 10th of June RNS Carrefour...
The proposed changes to the Board:
Upon Re-Admission of the Enlarged Group, Andrew Monk, David Lenigas, and George Roach will resign from the Board. Matt Bonner and Robert Scott will remain.
The following table lists the names and positions of the Proposed Directors of the Enlarged Group upon Re-Admission:
Name Position
Brian Hall Non-Executive Chairman
Simon Phillips Chief Executive Director
Charlie Pettifer Executive Director
Hemant Thanawala Non-Executive Director
So Andrew, David and George wont be on the board of the new company. What other roles they might or might not have we dont know as yet but Andrew Monk is still involved through VSA Capital.
Surplus to requirements.
If they aren’t part of the new company are they still going to retain their share holdings? What will happen to the agricultural part of the company? And why would David and George be leaving if this is such a great prospect here?
Mike must have known for sometime the RTO price would be at 0.50 so he is in with a large amount of money at 0.50 which is a good entry point with what is hopefully coming. Any sort of good news this will fly due to the small amount of shares available.
I think David and George reputation has probably kept this sp lower because people are weary of investing here. If both of them are not in an official role in the new company then it might attract more new shareholders.
DL and GR wont have a role in Agulhas...at least not an official one as far as im aware. Maybe its a bit of a shame as far as DL is concerned because he has plenty of experience and contacts in Africa, and worldwide. Some would say its a good thing as far as GR is concerned. He doesnt enjoy a good reputation with many investors but ive no idea of what his input has been in AAAP or wether he was worth his wages, pension, options etc.
What could be the reason why David and George so far haven’t done many placings with AAAP? Because we all know with their over companies over the years many placings have happened.
Crazy i know but im sure we wont have to wait much longer to be in good profit
A year ago the sp went over 1p on news of a RTO so if this don’t multi bag on completion then this isn’t right.
There isnt much to update us on now but hopefully the wait wont be too long. Personally not expecting an instant big lift in the share price when we reappear as Agulhas Africa Group so not getting too excited yet but a nice steady rise as we get onto some ii radars will be nice if the market conditions dont deteriorate too much.
We dont know what will happen long term sp wise, except that im sure well do well and hopefully multi bag in time.
Trying to keep my glass half empty for now.
Come on board let’s get an update here as its gone very quiet for a while here. Mike I will be holding you to what you wrote many multiples in sp within a year to a year and a half and that time isn’t far off.
Well said Zante. To be honest anything is possible here this sp could go to 7p or even 15p in years to come or it might do nothing just be a company that don’t achieve much. You have to be in it to win it so I hope something big can happen here.
I would say 0.8 to 0.9
I'm keeping mine until they hit 100p
Does anyone want to hazard a guess of the sp by the end of the year? My guess is 1.25 to 1.50