We would love to hear your thoughts about our site and services, please take our survey 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.
Totally opaque and pointless. Have been in here for 2 years and seen this decline week after week, month after month. This us a cynical abuse of investors and there’s no other intention than to suck all the money out of them it seems.
Ignoring the multinationals, nope. In bed with aijinmoto and you can't get much bigger in top line food tech. Loose change to them but they will do all they can to make it work as they have bought the dream and have the scientists to see it through if commercially viable. .
@dearmal
For collaboration I can create a accessible Google sheet and share the link here.
We need to understand and use the system and applicable process that supports creating some pressure on the question around Jim's fee and the structure.
Who is in for it?
Graham-paul - it's a 10 year play so I wouldn't concern yourself with what's happened in a week. I also topped up at 8.5p last week and not because I thought it would miraculously head north on my £2k buy but because I thought it a reasonable price. if it dips to 7, 6 or 5p I might top up further, funds allowing.
It's been in rapid decline for 3 years losing nearly 80% of it's value in that time and I don't believe the trajectory will change in the next 6-12 months. I'm in this for Liberation Labs, Onega Bio, Solar Foods, Formo, AllG, etc - basically the Precision Fermentation and Enabling Technologies companies. I'm not convinced the Cell Cultured meats will have any positive impact on the portfolio in the next 5 years. In fact, I think they will hold the company back in the short to medium term.
Wishing you well in your investment, but definitely one for the bottom drawer.
£10,000 and 2 years of each cats life are actually paid to Shellbay Investments
Let your cat test the new ‘Omni Feast, Chicken Revolution’ - ethical cat food.
https://www.bristolpost.co.uk/news/uk-world-news/cat-owners-could-earn-60k-9220680
Does Jim have any cats?
PD
So £10mill to keep the lights on for 10yrs in the hope one or more come good Anthony said as cost 1mill to run per year. No way of a raise being done. So no more to invest? Trouble is that doesn't include Jim's cut. This is pretty much the best intro into this sector yet completely ignored. And a 10 year runway.
As per the interview it's very important the company conserves cash now and reduces the running costs to a bare minimum. It's an investing company so it can be run on a shoestring.
If the investment rationale proves correct then there's a big opportunity from the current levels.
The liberation labs investment could be worth considerable more than the current market cap on its own
I only bought this last Friday and already down more than 12%, not one of my better investment decisions. Oh well into the watch and wait draw!
In times of a little despair with the share price, some good news are needed:
https://solarfoods.com/opening-a-window-to-the-food-industrys-future-the-worlds-first-factory-growing-food-out-of-thin-air-launches/
I do know for a fact that Solar Foods are so confident that they are ignoring advances and contact requests from very big multinationals.
I hope they really go successfully commercial very soon
He comes across a lot less confident than he used to do. Would be nice to hear them announce that Mellon will refrain from bleeding the company dry until the share price is considerably back above NAV value. I really don't like the fee structure that has been set up around this share. Skim off the top when times are good but not now before the portfolio has even got going.
I'm in this for the next 5 to 10 years so I accept the ups and downs but this is just on a one way trajectory south.
Check out this interview,
https://www.youtube.com/watch?v=6r1urFCA9rg
Completely agree,panda1.
Have been away in Aus for while. I see there was a program to buy back £3 million of shares over six months from October to December. Someone doesnt appear to particularly good at maths, but the program appears not have been initiated at all. How much it could have stopped the slide I am not sure, but a realisation of continuing depression in the stock appears to have been foreseen possibly. A lot of talk in the press about liquidity issues in small caps and small cap funds. It does appear that the outflow from such is coming to a halt. So while the SP is over 50% below Nav, Perhaps they should think about buying back now. At break even, that would be a 100% gain, for a fund that used to trade at several multiples of its Nav.
I just can't see a raise getting away. Who and at what price. And would it recover. Like 100cups said. We might need to come together to get a grip on what's happening here. This should be a popular stock for newer investors or animal lovers but nowt happening just money grabbing every year.
I think the slide is because people can see the cash won't last very long, as the company will want to participate in the funding rounds of companies it is invested in and avoid its stakes being diluted, and is worried about another fundraise. That's why I have been concerned about the large amounts paid to Shellbay. I think the rewards to Mellon and the other directors and employees should have been structured differently in order to preserve cash.
If this slide continues will they use what money is left and buy our shares back?
Or they let it run into the ground and new agrarian buys it for peanuts,we get nothing?
Or one or two of these companies actually goes to market and makes money and we fly..
Or we use money to keep lights on and pay Jim every year,for years....
The company did a 5p placing in June 2019 so not all-time low
It's not just 52 week low but all time low to be precise.
Well, two points here.
Where is this form? What's the official process? How to prepare.
We can create a Google drive shared folder if everyone is willing to share an email ID for this porupose in here.
Second: in this case we have to consider what the possible reaction could be from the directors. It's a bit a game theory.
Well, then let's get organised and do something practical. If we truly believe that the fee structure is holding back our investments, then let's get organised to file a shareholder resolution for the next AGM in 2025. That at least can apply some pressure and be the focal point for any shareholder activism we undertake in the next year.
Your right. This leeching of money every year has to stop. Jim melon is taking the pee. It came in after I first invested it was bad then, now in this day and age its a joke. All Qs at the investors QnA should be on this matter to get it stopped.
I think a lot of people are put off investing due to the consultancy agreement with Shellbay which results in a large regular cash outflow and dilution. The directors were clever enough to base the performance fees on Net Asset Value rather than the share price. I think this agreement needs to be amended to preserve cash and then new investors might be attracted to invest in the company
We’ve only gone and done it again!
Well im in for a very small investment for the bottom drawer on this one, only 30,000 although its showing as a sell. Gl LTH