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Happens too my existing Axm shares?
Last post: jollygoodya, 9 Jan 2020 09:00
Eaas BB is up and running.
You would expect the exchange and brokers to have these migrations ready to go in an automated way. Every time huge delays and it varies by platform.
Bye AXM hello EAAS
Started: scoobyrex, 8 Jan 2020 15:33
Last post: scoobyrex, 8 Jan 2020 17:32
No metaleach IP will sold by EAAS is my understanding, also mentioned at the bottom of todays RNS.
The old BOD got to slope off with MetaLeach at a bargain price. It was a piddling amount of cash and made no material difference to the dilution.
Just forget the past. Gone. Not relevant.
This should have resisted on January 6th. We could have had an Epiphany joke.
AXM is no more and so there's no point in releasing any good news until EAAS lists tomorrow ...another 10m for me....Gla holders....Fingers crossed for strong demand and interest on EAAS's listing....positive news on their Clean and Green technology funding partner will add significant value imho. ;-)
Last RNS sounds like metal each disposal is happening “announcement in due course”. Why didn’t they dispose of the asset whilst it was a cash shell, would of increased SP and reduced dilution.
Once again not thinking of the shareholders.
Started: philgypsy, 8 Jan 2020 11:09
Last post: K3VMC, 8 Jan 2020 13:55
philgypsy
Don’t judge everyone by your own standards, please.
This is the third time I have taken a placing in AXM.
I had written off my first two investments, for sure, but this is easily a multi-bagger. ELight has first mover advantage in a huge market, £25 BILLION and growing. There are HUGE pressures to decrease carbon footprint and INCREASING regulation as well., including TAXES.
I’m happy for you, if you managed to sell today, as you posted. Obviously not for you.
Pop back and visit sometime!
:-))
K3VMC
I see another excited new investor, Not been a LTH.
Blimey you new guys get really excited when have invested a couple of thousand pound in something over a vert short period of time. : )
Will say it again as obviously not taking it on board. Wish you all the best. Take what you want from it. Take care
Started: philgypsy, 8 Jan 2020 08:55
Last post: K3VMC, 8 Jan 2020 09:36
philgypsy
“ Hope goes well for the new investors and do not get stringed along with false promises from the BOD, never know in 2020 they might actually achieve something and even bother to comment on this board and take an interest in the investors that paid their salaries for the last 4-5 years.”
It’s a new BOD and and a new business. Why are you consistently failing to comprehend that?
It’s not rocket surgery!
That's because I've never been invested in AXM and have never been interested in their core business and mining prospects. They are now a cash shell and have successfully negotiated the reverse take over of Elight, which will.be listed tomorrow as E energy Group , EAAS, hence my recent investment in anticipation of strong demand and interest given EAAS's exciting and excellent upside prospects and potential....watch this space!!!
Ps you refer to anyone that highlights EAAS's prospects as a ramper , which is some what hypocritical as you appear to be intent on deramping the prospects at hand for those now interested in EAAS's potential.
Hi moneymunch,
As your name suggests that all that has happened to my cash. It’s funny how after 4 years in this share never have I seen you comment on the board lol. Good luck with the ramping of the new company. Hope goes well for the new investors and do not get stringed along with false promises from the BOD, never know in 2020 they might actually achieve something and even bother to comment on this board and take an interest in the investors that paid their salaries for the last 4-5 years. Wish you all the best
Started: philgypsy, 7 Jan 2020 20:49
Last post: Moneymunch, 8 Jan 2020 08:20
The acquisition, which is subject to shareholder approval, constitutes a reverse takeover under the AIM Rules. Upon completion, the Company will trade under the name of eEnergy Group plc and its new ticker symbol will be "EAAS".
The General Meeting to approve the Resolutions in relation, inter alia, to the Acquisition, waiver of obligations of the Concert Party to make a mandatory offer for the Company pursuant to Rule 9 of the City Code on Takeovers and Mergers and the Placing will be held at 11 a.m. on 8 January 2020 at the offices of Hill Dickinson LLP, The Broadgate Tower, 20 Primrose Street, London EC2A 2EW. A summary of the action the Shareholders should take is set out in the Admission Document.
Alan Clegg, Chairman of Alexander, said: "It is pleasing that despite the challenges embedded in the uncertainty of the UK investment landscape up to the foundational Brexit General Election result, that the Board and our advisory team have managed to both find an acceptable buyer for the MetaLeach assets, conclude an appropriate SPA and complete all the necessary conditions for the RTO while raising an acceptable level of new equity funds to proceed with the conclusion of this transaction. We remain fully convinced that the resultant divergent paths created for MetaLeach and the listed shell are the right ones for the realisation of value for both old and new shareholders alike."
So after 4 years of watching your investment in AXM dive, and rapidly over the last two years, you're now seriously suggesting that you're going to sell out the day before the new company EAAS , with its exciting prospects and potential, is brought to market???
Try 0.017 as initial buy in over 4 years not so much a strong but then.
The new investors will rape it unfortunately lth of this share have been strung along. Will be loosing well over £30k for a poxy new shares on the 9th. Will most probably unload allot of this tomorrow and write it off as lesson learnt.
Good luck to any of LTH with the new company guys.
Started: philgypsy, 7 Jan 2020 09:41
Last post: K3VMC, 7 Jan 2020 16:36
0.037p paid. That is 11.1p in new money (300:1 consolidation).
That is a 48% premium to placing price.
Is that correct K3VMC, I was calculating the new planned listing sp against the current sp from the following admission document....nevertheless, EAAS will be bouncing into double figures soon enough imho, and positive news on their Clean and Green Technology Fund partner could add significant value with any luck. Gl :-)
Number of New Ordinary Shares of 0.3 pence each to be admitted
following consolidation:
New Ordinary Shares: 130,926,167
Issue price per new ordinary share: 7.5 p
All of the Company's AIM securities will be freely transferable.
No ordinary shares will be held as treasury shares on Admission
to AIM.
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING)
AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Capital to be raised on admission: GBP2 million
Anticipated market capitalisation on admission: GBP9.8 million
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
41.9%
EXPECTED ADMISSION DATE:
9 January 2020
Moneymunch
“ I'll need 8.5p to break even on my 30m bought over the last couple of weeks”
0.3p is 9p, in theory, post consolidation.
The addressable market is £25bn and growing. Just our NHS spends £540m per year. Earlier this year it paid for LED upgrades, but from now on, it won’t have to.
https://luxreview.com/article/2019/03/nhs-awards-led-lighting-upgrade-contracts
I doubt that Harvey Sinclair’s plan is to run this market leader, only to have the sp stay at the placing price!!!
I am hopeful of it and more to be honest, this could and I say could be absolutely massive, big time.
same
ELight gets 20% off distributors prices. It has 4 manufacturers competing for its business.
eLight has secured contracts directly with certain of the world's leading technology manufacturers, bypassing distributors and wholesale channels to ensure a competitive advantage for its projects, and is in negotiations with a leading green and clean technology funding partner to obtain a dedicated fund for its energy service agreements.
https://www.linkedin.com/pulse/elight-unlocks-54878-national-oilwell-varco-zero-capital-sinclair?articleId=6451015075175100416#comments-6451015075175100416&trk=public_profile_article_view
“ NOV can expect to save £185,363 over a five-year term, as a result of an eLight upgrade to LED lighting equipment across the manufacturing and production sections of the site located in Gloucester. Not only will the project result in significant cost savings, the upgrade will average net savings of 42% annually and a total carbon reduction of 909 tonnes CO2e over the project term.“
Customers get an improved lighting environment PLUS. A massive saving in electricity bills PLUS avoid CO2 emission tax of £16/tonne.
Harvey Sinclair says some of their education clients signed up, mostly through pressure from their students.
There is NO point in harking back to the old AXM! Gone. Dead. Buried.
Mr Sinclair has a track record in buy and build. There is a £25bn market place, and growing. You may well be as cheesed off with the old AXM as I was, but this deal has changed my holding from a write-off to a right-on.
Existing holders are silly to close their eyes to this market leader.
All imho.
Started: philgypsy, 6 Jan 2020 21:10
Last post: uNkwnTrader, 6 Jan 2020 21:42
37m / 75K = 493.34 x 250.00 = 123,335 shares in eLight which could be worths £s per share.
Long winded but wait it out now.
Try over 37 m shares as a long term holder a@@@ been ripped a new one. Happy 2020 lots more like us BOD should be investigated for day light robbery. Not once in over 4 years have they delivered on promises. So what will change with new company, just have to write it off and keep an eye out for the directors in other companies. Not once have they mentioned anything on this board bunch of @@@@@@@!!!
Gypsy
Started: cats_123, 6 Jan 2020 18:03
Last post: cats_123, 6 Jan 2020 18:03
Thanks AXM. 52000 shares now worth zilch!! Another lesson learnt ??
Started: warrrenbuffets, 5 Jan 2020 17:02
Last post: Nixalas, 5 Jan 2020 18:31
This is no longer a mining company...
Hi with the share price around 0.04 will the price go up because of what the USA are doing oil prices will increase is mining in the same category
Started: K3VMC, 24 Dec 2019 10:05
Last post: K3VMC, 3 Jan 2020 10:35
itisagame, just a couple of points on your recent post.
“This is more like a car finance company that supplies you the car, just for lighting.”
ELight is more like the car showroom, than the finance company. ELight buys the fittings and lights direct from the manufacturer and contracts out the survey and installation. Their finance company arranges the leasing agreement and pays a lump sum to ELight, from which ELight pays its installer.
“This is a basic and simple business model, tax incentive service and "green" for the customer, which in reality comes at close to no extra monthly cost to the customer.”
Customers typically save 40% of their monthly lighting bill.
“Im sure they will also upsell all necessary components and services to meet all the newer regulations for building and fire regs aswell, I.E. emergency lighting and testing, fire ******ant enclosures, servicing, the lot.”
My understanding is that they do the led lighting and nothing more.
“Most of the money raised at ipo will go out to finance the new work done by the company, which will in turn generate a return over time, this is why the company is floating.”
Harvey has a buy and build track record with recruitment businesses. The wants to do that again here.
“Aslong as director and management pay doesn't eat in to the profits to much and they can keep finding new customers this will work, Unlike a car finance company it has a finite lifespan, you can only upgrade so many commercial buildings, there is a finite number of buildings requiring this service. So i would hope that the company decides to pays dividends to shareholders in the boom years before relying on servicing alone, shareholders are after all the alternative to conventional private funding that elight has chosen to use.”
The current target market is £25bn. Get a small percentage of that and everyone will be very happy.
Number of New Ordinary Shares of 0.3 pence each to be admitted
following consolidation:
New Ordinary Shares: 130,926,167
Issue price per new ordinary share: 7.5 p
All of the Company's AIM securities will be freely transferable.
No ordinary shares will be held as treasury shares on Admission
to AIM.
CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING)
AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Capital to be raised on admission: GBP2 million
Anticipated market capitalisation on admission: GBP9.8 million
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
41.9%
EXPECTED ADMISSION DATE:
9 January 2020
EAAS's upside potential and prospects certainly look interesting and so let's hope the RTO will be well received on listing day...any good news on negotiations with the leading Green and Clean technology funding partner could significantly increase demand and interest. Gla :-)
Potential added value from confirmation of successful negotiations with a leading green and clean technology funding partner to obtain a dedicated fund for its energy service agreements.
"eLight has secured contracts directly with certain of the world's leading technology manufacturers, bypassing distributors and wholesale channels to ensure a competitive advantage for its projects, and is in negotiations with a leading green and clean technology funding partner to obtain a dedicated fund for its energy service agreements. "
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/new-and-recent-issues/new-recent-issue-details.html?issueId=9413
The Times
Energy efficiency firm eLight to hit power button on AIM float
December 8 2019, 12:01am, The Sunday Times
Ian McKenna founded eLight in 2009
A technology start-up that helps businesses and schools save money on their electricity bills by installing new, energy-efficient lights, is to switch on for a £10m (€11.8m) float.
eLight, which sells LED lights that use less power than halogen or strip lightbulbs, is set to join the junior AIM stock market in London through a reverse takeover of Alexander Mining, a cash shell.
Founded in 2009 by entrepreneur Ian McKenna, eLight charges schools and businesses a monthly service fee over a fixed term, rather than asking them to pay upfront costs. It has completed more than 800 upgrade projects to date, and claims to have saved customers more than €15m in energy bills each year.
https://www.thetimes.co.uk/article/energy-efficiency-firm-elight-to-hit-power-button-on-aim-float-cp6wdkzq7
Started: philgypsy, 2 Jan 2020 12:02
Last post: philgypsy, 2 Jan 2020 12:02
Cheers Nipknot for the reply, same here on investment and some. Make you right ISA would have been a better bet. I think we both bother as like a crazy gamble, hope it sorts itself out so we can at least recoup some of our losses and then bin out ??. Happy new year and all the best.
Gypsy
Started: philgypsy, 31 Dec 2019 00:11
Last post: nipknot, 31 Dec 2019 10:43
Well, gypsy I've been involved with Aim shares for over 10 years and always lost everything! About 20k now, so don't know why I bother lol seen it all before. Just my experience. Sometimes wish I put that money in a ISA not much return but safer.
Calling On Nipknot ,unkwntrader& and any other old longterm holders on here your thoughts ???
As not mentioned anything on here for a long time, seems lots of new so called share holders/ rampers on board.
What’s your thought long term holders as smelling more BS again. Shake the tree and enough s@@@ will fall.
Cheers
Gypsy
I DOUBT Nigel Burton would get involved on something that does not look either than clear ,and proper .…..He would not embark on scams , or fleeces ...
I think the only mugging here is by the directors. Metaleach so bad for us shareholders that the BoD feel it necessary in our interests to get rid of it all. It's just not worth it. Yet knobhead 1 and knobhead 2 still think it's worth their time and energy. In other words they are siphoning it off for themselves.
The Company has entered into a Disposal Agreement with Qora Capital Limited ("Qora") whereby Qora will pay, upon receipt of approval from Shareholders, the sum of £150,000 subject to certain conditions as consideration for the entire issued share capital of MetaLeach.
While Qora is not deemed to be a Related Party under AIM Rule 13, two of the Existing Directors, Alan Clegg and Martin Rosser, have been assisting Qora with its assessment of MetaLeach's technology and may have a role in its further development under new ownership. Neither Mr Clegg nor Mr Rosser are shareholders or directors of Qora, but Mr Clegg is a strategic adviser to Qora. In order to avoid any semblance of a conflict, an independent auction process for the disposal of MetaLeach was established by and under the absolute control of the Independent Directors, both of whom are independent of Qora. A number of expressions of interest were received and two offers received, with the offer from Qora deemed by the Independent Directors to be the most advantageous for Shareholders.
Mugging game here ..mms playing the usual nasty side ..
Started: nipknot, 20 Dec 2019 20:12
Last post: Adrianuk, 22 Dec 2019 16:06
Just in case people don't know, the new shares are expected to be added to the market on 9th January. Along with the name change, new business and new board of directors.
nipknot, good times are coming.
Everything is looking good. New business market cap 9.8m, will be lots of new contracts coming in. Name change soon. Lots to look forward to. Happy Christmas everyone!
Lost interest as I have no idea what's going on lol. Not complaining, but I suppose it'll come to nothing. It hasn't so far sadly.
Started: Welshie7, 20 Dec 2019 07:38
Last post: uNkwnTrader, 20 Dec 2019 19:03
thinking? missing*
Today's? today*
Even your chat lags because you are greedy and pumped the site for of advertisements and various other manipulative links and nonsense oh and your DDoS filter sucks it's rubbish garbage.
Have a word with yourselves, invest in the infrastructure not just the fancy looking rubbish and spamming ads and as paying customers we should be entitled to switch off the advertisement.
Sick of you LSE truly am, your just cheap and boy can't you tell that!!!!!!!!!
SMB
I have no idea what we rose or what the price did earlier all I know that when LSE finally decided to work after thinking several opportunities today's (thanks LSE well worth the money, not. Complaints section not that you will care?) the SP was around here which is pretty much the same as it's forever been for as long as I have been invested anyway.
Only difference today is a higher offer and a wide spread but make of that what you will, when do you ever know the market do you a favour and deter you from buying? They don't hence the premium they know what is coming.
Meant no news after the rise...obviously it rose some 150% (pi’s paying near 8p) on news but then nothing to make this drop this far!
To call it a 'no news day' is a bit disingenuous.
I guess if people are stupid enough to pay it then market makers will take it lol.
Funny mms .0.04 to buy 0.02 to sell …...
What are this prices ,if the quote to sell is 0.02??/
Started: topsharepicks, 20 Dec 2019 08:18
Last post: topsharepicks, 20 Dec 2019 08:18
what a joke miner to energy saving company!
These crooked AIM firms should be closed down period. The FCA should step in to regulate and close down firms like this that repeatedly fleece shareholders
Started: Andre6584, 18 Dec 2019 21:06
Last post: itisagame, 20 Dec 2019 07:34
Does that work out as the equivalent to
2,000,000,025,000 Old priced shares at £ 0.0001 ?
We know!
It is exciting for many of us, better than most of us ever expected as well.
So with the turkey mine producing all they need for the lighting. Straight away have cut costs. Patents and royalties in place remember it’s only MetaLeach being sold. And now we have gained the biggest efficient lighting company in Europe who already have a great turn over but aren’t as yet on the stock market until the merge under Alexander is complete and announced. So with the ev market boom around the corner we have all in place for this and now also another company which is doing well and earning under is. Watch this space you heard it here first. BIG BOOM
Last post: Ash333Ash, 18 Dec 2019 09:59
My knowledge on corporate actions is a bit low. Hi will there be a listing first of the New shares followed by the change from old to new, is that this month?
The only benefit that I can think it might have is to the sale value of Metaleach....
Actually, I was expecting the next RNS to be a confirmation of a corporate action and the changes to our holdings. Not sure the current RNS means anything of value to us , please jump in if I am incorrect
Does anybody have any sensible comments about what's happening please
Started: Andre6584, 13 Dec 2019 12:18
Last post: Andre6584, 13 Dec 2019 12:18
So what has happened with the mine that was due to open last month or so. Used all that money to have it built etc. Will the turkey mine be sold also or are they using it as part of a mining part still?
looks like my post annoyed someone ,when i said nothing happens for months ,anda round Christmas they ,lock your money in....