focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
Bought some for a trade
20% up already..
Top price being paid.. 1p this week.. Wait wait wait
It's all painted out for you in the results...unless something utterly bizarre happens, the shares are worthless. "As the Board has previously stated, the sales process will not result in any return to ordinary shareholders after repayment of the Trust's bank borrowings, to the extent that this is possible, has taken place." "We draw attention to the disclosures made in note 2 of the condensed consolidated set of financial statements which explain that it is the intention of the Board to seek an orderly disposal of the Group's investment property with a view to winding up the Group in due course"
Aim reversal into is always possible.. As for price Monday I see a huge rise.. No shares available.. Whether company goes bust or not.. People gamble.. Spin the wheel at the AIM casino
Is there a tax incentive here.. I mean massive potential for take over
The net asset value is MINUS £67m. The company only exists (for now) so that its remaining assets can be sold and the proceeds used to pay SOME of the outstanding debt to the banks. At the last balance sheet date 30/6/17 assets were £13.152 m and liabilities were £80.813m. The shares are worthless barring the most bizarre miracle. You know, like someone comes along and buys the remaining property (cur value £9.754m) for more than £78m. Can you see that happening? Durrrr...
Just remember though that the spread currently is 0.10p to 0.15p ... so a 40% rise needed to break even (0.125p to 0.175p) ie. 0.15p to 0.20p .. so quite a big bounce needed to make any material profit... There's no hint of anything positive happening here and delisting is a risk - so if anyone wants a punt - fine... but surely not worth risk of putting significant funds in???
Share price held at the end .. NT to buy.. Hope to add a few more.. Gamble of course.. Each to their own and thanks knivel, totally agree but BOUNCE seems possible
Straight from the company's mouth - "there will be no return to shareholders"... this is about the 5th time the company has stated this .. reality.. How many times do they need to say it before it filters though to the last few rampers? The assets probably would have to double for the NAV to return to positive - and Barclays are not going to wait.. Sadly the only thing that ALPH is now good for is a very short term trade - which Is ultra high risk thanks to the wide spread - and believe me - it pains me to say it as an ex holder
Big bounce coming.. 50% shares traded.. Mcap 100k... Many multi bag s Monday
Mr 2,041,306 lost over £2k in 3 hours
This is AIM so any positive news will see the sp move. There loss has narrowed and with that and the sp priced to fail, it's going to build interest. Still can settle as a cash shell. But who knows what will happen.
Bullfrog clap clap... you look way too keen.. hope you don't have a short lol
Is crazy what some peoples can do.....
If the share was worth the asset value then that would be about -£50m. That's how much they still owe Barclays once the last properties have sold. Once the properties have sold this goes into administration hence it being a dog - no value whatsoever.
Nothing is coming to the shareholders once assets are sold so my good friend no value at all to hare holders. This is a basket case delisting next on the line.
What is the value of the sp when they said nil value?
They still have assets and the banks are supported, so the shares are worth the asset value.
Company that would delist at any moment people still buying this turd
Share are worthless no value per say absolutely no value run for the hills and look at the horrible spread
No value here peeps more than risky but hey you can place ur bets
As it was priced at 0.2m. Aim casino anything can happen.
Saying strong sell is simply opinion and it's there to be used so I might as well use it. Yes there is a tiny free float and people are going to gamble (it already looks like someone might have made 1k based on this mornings 3x 1m buys and then selling 3m at 0.17) but the majority will lose, and with a spread like this they will lose heavily. Some will listen, others won't. If I help one person (like I did in June) not lose money on such a risky gamble then I'm happy. As I've previously stated, even the BOD have stated there is no shareholder value in this stock. I'll keep popping up on here every time the pump starts because that's all it will ever be :). All IMO etc.
Yes for sure... this company has huge negative nav.. will never give a return to shareholders..