REMINDER: Our user survey closes on Friday, please submit your responses 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.
When I think about it, Harry Adams has probably been considered an insider and unable to trade his shares when he left the company, because he would have been in possession of information not in the public domain. The first opportunity for him to trade would be when the market was informed of the full year results, enabling him and the former CFO to sell their shares if they so desired. We shall see…
There was some big buys back end of Friday, back to the 40s is very realistic ST target
Disappointed (but not surprised) that management have ducked out of facing any questioning on the Investor Meet Company site. They did a presentation on 12/04/23 for the 9 months ending 31/12/22, but not this year it seems. They really aren't treating us very well, are they?
They only got 7.2m shares off in the Placing, so that leaves a possible 4.1m shares available in the Retail Offer at 45p. It will be interesting to see how many of those get taken up. Assuming, for a moment, nobody subscribes in the Retail Offer (and why would they?), then management will have trashed the share price for the sake of raising a mere £3.25m.... an amount of capital which will take them precisely.... nowhere.
Thanks Wobble. Indeed buried at the bottom , event after report date. So is it a breach of contact claim, or legality issue? Can’t see how it could be deemed he did anything wrong, even if his strategy was seen as ineffective or negligent. Yet another example of the hush hush secret nature of this company that has confused investors since its inception. It certainly doesn’t help. I wonder what outcome he is hoping for winning back the company or compensation? As with the previous founder that resigned they have a funny way of getting out that is not in the interest of anyone but themselves. I’m more concerned about the competition. Might put off predictors temporarily. The current directors say they believe this to be a going concern for the foreseeable. If they need to catch up on the tech side by splashing out another 5 million leaves a lot of questions
Fingers first on the trigger Tuesday
Feel free to thank me later for alerting you to something you overlooked.
and i stand by my bet that Harry hosed out his shares this week. I suspect its personal between him and those now running his old company! will await confirmation next week. Over and out...
Hahaha well you do that then! Perhaps read the report in full next time before jumping up and down. Here is a lesson too you, the juicy stuff is typically at the bottom so make sure you read it. As per the final results announcement:
29 Events after the reporting date
On 14 March 2024, the Group received an Employment Tribunal claim from a former director. The Group will contest the claim
Anyone who has bought today has done well
Someone seems to be loading up big time before the weeekend ! Perhaps it has something to do with potentially announcing next week the growth opportunity mentioned in the RNS
Time Trade Price Volume Value
16:00:59 35.491 6,329 2,246 O
16:00:19 35.30 3,000 1,059 A
16:00:19 35.30 16,889 5,962 A
16:00:03 35.15 25,000 8,788 O
15:56:59 35.246 38,824 13.68k O
15:56:37 35.171 20,000 7,034 O
15:56:23 35.00 3,000 1,050 A
15:56:23 35.00 10,000 3,500 A
15:56:23 35.00 11,752 4,113 A
15:55:23 34.30 24,998 8,574 A
15:55:14 34.209 25,000 8,552 O
15:54:37 36.061 1,161,740 418.94k
Lows in
I've reported him too for spreading false info. about legal case against the company
I reported Wobbles post as false or misleading.
I cannot verify this anywhere and if it were true, I believe it is price sensitive information.
Wobble . Where is there news about filing a legal claim please? Would have thoght that would be in an RNS . Many thanks
It’s almost like there are two different stories going on here and litigation with the fired founders is not going to help confidence . Quite a head scratcher. Thoght Harry was long gone on the share front. Maybe using the proceeds for his legal battle. The trouble is how is this in the best interest of shareholders. As far as I can remember this has never been of concern to any of the board
Zebbo, you see what is happening to the share price yes? Or do you not have eyes. It's a train wreck in the making. If my holding was worth selling at this point I would, but as it's only pocket money by now it's more fun to see it getting halved again shortly.
What is the bet Harry Adams is trashing the share price deliberately to make the placing difficult? I would not rule that out as one final goodbye to the board that booted him. I see he has also filed a legal claim against the company which Argentex intend to defend...
Av123 - The Inst placing has been done at 45p, there will be no reduction. Do you read the RNSs or just spout drivel
The market's not finished with punishing AGFX this morning. I can't believe what a pig's ear they've made of this placing. Such a bad idea in the first place.
Looks more like the sp will stay in the doldrums and the placing will be a disaster. No one in their right mind would pay a 10p premium.
This will give the share another kick down for sure.
I believe they have to do this as part of the e2e process.
If they go to 50p today, I may take up the offer :-)
Retail offers closes on the 9th
So plenty of time for SP recovery.
I suspect the MMs would see an absolute ton of buys at 35p with the retail offer being 45p and the institutional placing fully subscribed for 45p.
I would imagine well see closer to 42-44p today.
I think this will be very undersubsribed . Who on earth would buy at 45p when you can buy at 35p on open market. Who would buy these full stop?
If you are correct that would mean that 2026' profit would be way below this year disappointing financial perfomances after all the planned investment. what???
The footnote below (3) indicates it’s the margin overall for the Group, not the margin on the growth.
Could anybody translate this for me?
"With the additional investments envisaged, we would anticipate revenue growth in FY26 in the 15% - 20% range, with EBITDA margins in the mid-teens." Do this EBIDTA margins apply to the companies' full revenue or just the additional (growth) revenue? Thx