Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
404x.
Don’t be stupid. I’ve been on. ADVFN since 2008 and what I’ve stated is factual.
If you don’t have the balls, pockets, or corporate appetite that’s fine… I do.
On ADVFN I took a significant stake in Cornerstone which a similar poster said the placement at 6p would never get above 9p..: I argued the Toss and yep I was right as it went above 41p.
I’m right here. What’s your argument they have 14m cash and a market value below 5m…
I wait your pathetic response. And yes I had the zoom call wi the Bart today as I also have balls.
How’s those shrivelled peas?
You must either be Turtelboom or someone closely affiliated with him. Every post gushing and effusive towards him and the company. Very naughty.
So here’s a little research into APQ Global and is on the back of a Zoom call with Bart himself.
Delphos is 100% owned by APQ Global and the 3rd party audit that’s underway is valuing Delphos and the two other 100% owned subsidiaries of APQ at multiple times the current SP. The NAV has already risen significantly in April the belief it’ll jump again much higher than 28m GBP. As it currently stands the Market Cap is under 5m and yet they have 14m cash and as reported, a significant amount pending. Delphos is growing exponentially the the repayment of the September CULs is easily addressable according to Bart and considering his background I can see APQ being renamed Delphos as they have a global reach in emerging markets and their successes have been incredible. He agreed the link between APQ and Delphos needs to be better explained and the APQ website linked to Delphos as it’s simply the same entity.
People will cough and splutter, but it’s my contention that APQ is going to see a serious re rate and the fact with just 77m shares in circulation and two holders owning 28 percent each, the free float is tiny.
I believe the 3rd party auditor will value Delphos NAV at over 50m GBP and when you consider the two other 100% owned entities seeing this trading at 1 GBP isn’t a stretch too far.
Cornerstone went from 6p to over 40p… I believe APQ and Delphos is going to be trading much higher very soon. 2023 accounts due this month and the audit and valuation expected shortly.
Thank me another time !!
Good news continues
Outstanding
Https://delphos.co/125-million-loan-for-greek-shipyard-rehabilitation/
And a significant finance deal in Greece.
Really surprised that APQ haven’t mentioned the below significant finance deal that Delphos has secured… they’ve stated that Delphos is going from strength to strength in a recent trading statement and below shows that continues
Delphos Advises MPC Energy Solutions on a USD 34 million Non-Recourse Project Financing for the Construction of a 66MWp Solar PV plant in Guatemala.
Leading IPP selects Delphos as exclusive financial advisor.
Delphos, a leading emerging market financial advisory firm, announces the closing of a USD 34 Million non-recourse project financing for the construction of Guatemala’s 66MWp solar PV plant San Patricio. Delphos takes the exclusive advisory role to secure a landmark financing package for MPC Energy Solutions (“MPCES”), a leading Independent Power Producer (IPP). The deal marks the first-ever non-recourse senior debt project financing secured from Banco de América Central, (“BAC”) in Guatemala (part of the BAC Financial Group). MPCES will use the debt facility to construct a 66 MWp solar PV plant in Guatemala which will enter operations by mid-2025. The innovative transaction with BAC allows MPCES to grow its renewable portfolio and marks MPCES’s continued commitment to the region.
In addition to promoting clean energy generation, the San Patricio project will significantly contribute to reducing CO2 emissions and diversifying Guatemala’s energy mix. This is particularly important given that Guatemala’s electric sector has been dominated by hydroelectric and coal generation, which accounted for 39% and 16%, respectively, of the country’s electricity production in 2023.
“At BAC, we are committed to support initiatives that promote sustainable development and create prosperity in Guatemala and the Central America & Panama Region. This project exemplifies our dedication to support financial solutions that deliver triple positive value: social, economic, and environmental. Our aspiration is to become the first bank to achieve a Net Positive impact and to inspire other industries to achieve this goal”, stated Eric Campos Morgan, CEO of BAC Guatemala
Fernando Zúñiga, MPCES’s Managing Director for Latin America and the Caribbean, states, ‘Our mission is to provide clean and affordable energy to Central America and the Caribbean. San Patricio, our sixth power plant, is starting construction after an impressive greenfield development of just 12 months. We are very thankful to all our stakeholders and BAC for their trust in MPCES. This accomplishment showcases the effectiveness of collaborative efforts and exceptional partners like Delphos.
The San Patricio project will not only enhance Guatemala’s energy infrastructure but also foster economic growth in the region by generating employment throughout its construction and operational stages. Furthermore, it will play a crucial role in diminishing reliance on conventional energy sources and encouraging the uptake of re
Market cap is currently under £5.5m and yet had a NAV of just under £18m and cash of over £14m
3xNAV with that amount of cash makes todays MC seem unbelievably low.
We await more amusement & another great result
Outstanding
Should see the April book value this week and will be interesting to see ias part of the 2023 audit what other increases in NAV is aligned especially with their comments in the positive trading update.
" APQ's 2023 financial year end audit process currently underway" .
For those that deem not to understand .
More good news ahead
Outstanding
Looks like the months ahead will see a return to 20p++
Outstanding
Thats the point its not a 'trading update at all, its a statement of NAV per share based on un-audited made up valuations. where is the report of half year sales/revenue. and EBITDA even or net profit for the period. ? nada, zilsch, zero
Did someone sell at a loss ? Certainly looks and smells like it…
Strong trading update and even someone with a jaundice view must be able to read that!
Total scam, the book value is bogus, what really counts is the p&l account and they lost 15 million last year, doubled from year before. If you are bidding this up based on that BS valuation good luck to you...
Great news
Outstanding
We’ll have spent some time researching Delphos International Ltd to understand the background to the significant book value rise which APQ is now valued at a discounted rate of 79 percent to net value and APQ has a rise of 477 percent from 0.05 to 0.2387 to be valued at asset value net of all liabilities.
I’ve also looked into Bart Turtelboom and he’s no slouch, that’s for sure. I’m amazed nobody isn’t knocking on that door from a financial investment house wanting a stake… with only 77m of which Bart owns 28 percent, the lightest decent buying pressure is likely to see this significant gap close in my opinion.
https://delphos.co/services/capital-raising/
Totally agree.
It won’t take much to move this especially with the limited available stock. The spread is narrowing as they’ll take 4.26 to sell now!
This is a no brainer really. You just have to put up with the unflattering effect of the spread on your account when you make a purchase.
So just to clarify
78,559,983 shares in issue with a book value (net assets value after all liabilities have been taken into account) gives a valuation of just under 19m GBP
Current market cap is just under 4m GBP at a mid price of 5p ps.
That’s one massive disconnect between company value and market cap.
Something bit odd about this.
Shares trading at 1p as recently as Tuesday bid up to 12p today, on the back of a RNS claiming book value went from 6.02p last month to 23.87p this month.
So they miraculously managed to multiply the value by close to 4, largely through third party valuation in Delphos International Ltd. The chair and CEO of that is Bart Turtelboom, who is also CEO of APQ. This third party has apparently seen something that Bart himself missed about a firm he runs.
Exactly, I was happy with my entrance price of 6p - and the shares haven't dropped since I bought them - there is just a huge spread which is a ploy to put off buyers.
GLA
Of Possible Upside here .
Still low valuation & this is day 1 of many many good days ahead .
Fill up
Outstanding RNS
They popped up with different times to start with and then reverted to 10.34 & 10.35 - yes I am stuck with them for the moment as I'm not in the "sell at a massive loss straight after buying club" but I am intrigued to see what happens over the next few weeks