Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Results are out. This will probably get pumped today and then fall back again later. They usually like to highlight the cash balance compared with the market cap. It is not as simple as that though. Let's see. Good luck if you are still holding.
Results are due out end-March.
Yes, that's really good - the dividend for me represented a yield 20% of what I'd paid for the shares!
Separate to the matter of the dividend - have folks noticed the uptick today ---pretty significant and no great number of trades.
Added to my account today an unexpected surprise thank you bill
Well, they are certainly stripping out cash so might mean they are not looking to grow the business but possibly re-visit selling it ?
A cash dividend will be paid.
Approximately 0.57p per share.
"....a special dividend of $1,250,000, or US$0.00758639 per ordinary share. The Company intends to pay the dividend on July 31, 2018 to those shareholders on the register on July 13, 2018. The ex-dividend date is July 12, 2018."
Osaka � from my many years of following this company, any forward guidance, management comment and announcements generally have always been very cautious. Hence I do not read too much into the statement to which you refer. Indeed it may have even served the purpose of acting as an inducement for small shareholders to take up the tender offer. I find it very interesting that all the major shareholders, except UIL who reduced their holding minimally from 14.32% to 13.53%, have maintained their holdings at precisely the same percentage as pre and post the tender offer as there have been no other Holdings In Company announcements. Is that just a coincidence? I just have a feeling something is being planned but could be wrong. If the future is so unforeseeable why do a tender offer at all, surely would make more sense to dividend the 5 million over the next two or three years ?
Hi Pom. Indeed only one more payment to go. Its been a long process but they will be relieved when it comes to an end I'm sure. Your calculations about the amount of cash remaining are correct I think but this line in the March results is maybe what is holding this share back ,,, " The amount of the tender offer reflected due consideration of foreseeable cash requirements in our operating business units and the maintenance of reserves for unforeseeable events. " I think this shows that we cannot value Bill on the amount of cash it has left, particularly if they are trying to develop nw business that may involve significant costs. What do you think?
Nearly done on the FTC- hopefully we might see a special dividend >= to current share price fairly soon.
Someone's patiently building a stake here- anyone have any views on embedded value within new businesses's being developed ?
Has risen. COME ON BILL. Lets get 5p plus this time
5p couple weeks back
Lovely rise about to happen i feel
Cash US Dollars � 11,500,000 less US Dollars FTC payment 1,000,000 = 10,500,000 = GBP 7,899,874 Cash generation 2018 � assume US dollars 500,000 =GBP 376,246 Current mkt cap GBP 4,610,000 = 1.7 x cash GBP 376,246 if dividend out = 8% yield Known and has been for years that the legacy business will run-off Unknown is the development of new business lines. My guess is that the tender, although purpose described as being to provide liquidity for shareholders to sell into, was to reduce share capital ahead of expected positive developments in new lines of business and possibly divestiture, hence cash not required for further investment.
So identical share numbers bought and sold within a short period of time is over thinking and coincidence.... Lol.......this is aim mate and there are armies of traders out there who make a living on the quick in and out on a ramp......do not use the buy v sell as a thermometer.....its just a guide and can give a false sense... Aim is the wild west...best lesson I ever learnt.... And stopped loosing money from then on.....my two pence worth anyway... B
I don't see any evidence of that and in impossible to know if buyer and seller were same - I think you are over thinking the situation.. Buys outweighed sells 1,741,519 to 1,036,044 and mostly tiny trades around circa �500, I think the largest was a circa �5,000 sell. I think buying on probably news to come and sellers taking advantage of the liquidity, but its small fry in the bigger scheme of things.
In fact on closer inspection... a fee made a loss.....one in particular lost 400 quid in less than a hour.... Aim is a funny old game...B
Pom.....to name but a few....if you check the following buys. They all have cooresponding sells soon after...." In and out" if you will.....; 18606.....11850...28893....70500...86264....115064.....probably more but they all made a couple of quid......however some have been left stuck on a little spike......B
I don't think so in this case- spread is an issue as is the lack of liquidity to make pumping and dumping viable. In any event, what's the pump ? MED action was based on positive Bus Dev RNS. How do you know that there are a good number of in and out trades ?
a good number of in and out trades here, cause the pump...do the dump....... classic aim.. make your 10% in 20 minutes ... nice business... spotted the tip over on MED...... folks jumped in..... clever peeps jumped out......B
Trying to get in here!
Looks suspiciously like a leak, either very good news on business development front or possibly a bid.
Cash $10m not �10m post year end FTC payment and o/s obligations Revenue - $21m historic revenues meaningless as moved to direct billing and have told mkt revenues will be much lower Cash generation - no idea as not clear if the modest inflow is purely new direct billing, I would think not No guidance on numbers Probably decent value but it is pure guesswork other than cash underpinning
From their last accounts: The Company's direct billing initiative has developed solid traction, and we expect this to continue over the course of 2018. However, as evidenced by our 2017 financial performance, this initiative did not offset the effects of AT&T's discontinuation of third-party billing during 2017, and it will not offset the effects of Verizon's discontinuation during 2018. � The Company expects that revenues and earnings in 2018 will compare unfavorably with 2017 due largely to Verizon's discontinuation of third-party billing in December 2017, as described in the Company's announcement dated May 24, 2017. B
Way below cash position