Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video 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.
We are on track to meet the agreement reached with the FCA to resolve our complaints backlog and continue to work with the FCA on its ongoing investigation.
this was planned
What was planned?
AmmyJ - For JB or Against ?
If they had said this last week the share price would be 16-18p not 11 ffs
This still means nothing as the Complaints have risen markedly due to CMCs
Payout was only £6m close of June.
Provision for full year is £111m?
Well in my opinion it does as finally the board are going for the more positive and also confirmed Lending to commence shortly !!!
FTH
£6 to June with Claims but the is a large backlog and BOD have stated that CMCs are an issue so material issues going forward which MUST be dealt in order to fund a sustainable business going forward. As i have said before Im in and staying in
against jb
Thank you Amjad.
It is Games of Loans
10.66 Battle of Bournmouth
GL soldier.
In 30 days all back log of claims will be dealt with.
remember the claims are to do with past for a period of 15 months?
Current lending is approved by FCA since March. New lending to masses is in progress to be approved with new scorecards, systems updates. I’s say by mid Nov.
If you are correct Figg tree then i would be over the moon as i have always felt this is what holds us back. But even their statement highlights recent negative press and CMCs
Also when was this posted on their website as may have had an impact on certain investor decisions?
Farraday,
The big question is have they overstated the provision for a reason? And what is that reason?
Will they share that reason?
CFO was asked the question but he didnt answer the question in the presentation. Is it for a fine or is it overstated deliberately as a precaution? Or will it be utilised?
I have no F. Idea.
What I do feel reassured is by extended deadline by FCA (VReq) to resolve all backlog of complaints by mid Oct, which CFO says will be met.
this is the important point if October deadline is met with reduced liabilities for complaints then massive upside however it would be important to be able to then draw a line under numerous claims going forward.
I think the info was known since presentation.
In order for lending to restart in mid Nov. New system codes have to be approved and implemented before lending commences. I assume that is why you have Mid Oct - FCA Vreq deadline. Deadline is met. New scorecards and lending process is approved and signed-off by all stake holders incl IT. Dept. A no of parties are invollved. Before lending starts.
Yep, most definely!
Or an opportunity to buy more.
Good enough for me. If a material issue to progress of company is removed or greatly reduced ( always receive complaints) we are back on steady ground and probably will welcome back some shipmates in time Lol
All systems go hopefully by mid November then !!! Roll on next week
Important thing is, they've got their finger out and said something that has a constructive element. Now JB will have to respond. Could just **** it off on twitter, which may be counter productive, or could just put his hand in his pocket and join us as an amigo.
So now we have to watch Amgo FAQ’s, Tweets, RNS’, blogs...
1. In parallel, the Board and the senior management team are focused on recommencing lending, developing the Group’s strategy and seeking out new business opportunities, all with the aim of maintaining and advancing the Group’s position as the leading provider of guarantor loans in the UK. The Board is focused on the future of the business and “is looking forward to engaging with its new and diverse shareholder base” as it commences the next chapter in its development.
new and diverse shareholder base
= MIC Shareholder in UAE?
Any views on this ?
Evening and Goodnight FigTreeH :) . Glad you behaving and are in a better mood :)
Think my receding hairline has got even larger these last few weeks . But hopefully soon after some more good news with this rollercoaster then I will afford some hair replacement surgery in Turkey .
Am going to properly digest all this info tomorrow as stuck at home all day with the kids so will have plenty of time to keep an eye on the boys and girls on here .
Although half of today’s posts came through in green . That pesky Senator causing a stench once more .
Have a great weekend all
1066 - Battle for the Boardroom
If Moses watches the FAQs, you cover the Twitter i am an early riser for RNS etc . Wish we could take off this 20p weight around our necks as it almost feels in some ways holding the sp back
I can cover Twitter, don’t need to be a member. Done Farrraway.
Rebuttals starts tomorrow/ Sunday.
If he wins in an orderly way and a humble response win or lose. That is what we want all investors will seek.