Roundtable Discussion; The Future of Mineral Sands. 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.
Got rid of one of my old dawgs today...7dig....bought out for 100 per cent plus premium. This to be next? £12 maybe?
Excellent Peter..Well Done.I think there is no smoke without fire and someone is getting the kindling together before lighting their fire..this should be an overseas hit but BOD do not have the experience of overseas and they need a fluent language speaker in Spanish and English, as Hindmarsh & Co can only write a few words in English as evidenced by their RNS statements .Lazy
Unfortunately there is no such thing as jobseekers any more. Now it’s universal credit. But yes indeed it’s gone up 20 per cent since they stuck their £20 in. Don’t discount a takeover here. I reckon the current lot want out now. Got my freeroll and that will do me. I sold some at £31 a couple of years ago and we won’t see that again but £12 would not surprise
Barnetpeter has tipped this to his tenants' on Job seekers..they are buying for all their worth, which is FA, or the directors won some money on the GG's and are playing it up here, as Mark Slater is fed up off looking and explaining the losses here to his well heeled investors..There is no Zulu Principle with the BOD of BOTB
Anyone know if this was tipped today?
Tom W perhaps ?
Yeah I’ve also lost confidence, didn’t want to average down at any point. I guess today is a start of an hopeful recover
Not often. The statement is good as below but this has fallen from over £30. The directors raised money for themselves at £24 via primary bid . I am still annoyed at that! I have a freeroll here and dont see any point in buying more. Big spread, dont trust the board any more, no more big dividends, major competition. Time the company was bought out.
Strong financial position with cash balances of £5.26 million as at 31 October 2022 (H1 2021: £8.34million), following the return of £6.75 million to shareholders via a tender offer and dividend in the Period. The Group is debt free.
Does anyone even still look at this chat room?
As comprehensive as usual. In line with market expectations. They have no idea what my expectation is.
ii had an electronic form under Corporate Actions tab.
Trading 212's response has been woeful:
Thank you for sharing it with me, I have just checked and I was not able to see information from our intermediary regarding the matter. As soon as we have official information all of our clients will be notified accordingly.
I fully understand your willingness to participate in the event, you can be sure that as soon as we receive an information how it will be handled, you will be notified.
If I were you I would feel the same, however, as of now, we should wait for an additional information from our Intermediary. You can be sure that you will be notified immediately regarding the event once we know.
Blah blah blah
Not the directors fault the market thought the shares were worth a stupid £24 a share. You're all just salty about the drop.
so the directors sell shares at £24 and buy them back at 25% value and thats good?
What are you talking about?
A share buyback at £6 is good. You post too much crap on here. Go learn instead.
The directors did a tender offer at £24 via primary bid a year or so ago. The company got nothing out of that and now wants to buy a bit of stock back at £6. Talk about a legal mugging for those lucky enough to participate!
As my shares are held in an ISA and SIPP with two different brokers and therefore held in nominee accounts, will the offer be passed on by my brokers?
I imagine Interactive Investor will but I have my doubts about Trading 212
Not sure why you think that... Are you over the age of 40 by any chance? :). The airport stands were complete trash and a 20th century business model.
It requires fees to the airport, staff to maintain, capex to raise them and is completely inefficient compared to online marketing reach when done properly.
Their ROIC, revenues and margins are higher to being online
I think their airport stands were quite glamorous, and an inspired location. Everyone is in a dreamy mood when flying out on their hols. While I applaud the move online, I am not sure losing the airport stands was a good idea. The airport stands would still be good marketing.
I am not sure how far they can grow. However they are financially run very conservatively, and share price currently undervalued based on fundamentals. The obvious thing would be for a bigger player to take them over, to leverage the business.
That's the barest of trading updates I ever seen lol.
BOTB needs to post their LTV numbers in their next RNS. I've already asked them for this as we have the CAC but without LTV it's useless.
Anyway, this stock is priced so low that this is a good update. I actually saw their ads on reddit which is good that they are diversifying marketing strategies.
RNS dated 28th Feb @ 4.30pm - Michael W Hindmarch increased holding from 5.6% to 6.3%
https://gb.wallmine.com/lse/botb/officer/2024619/michael-hindmarch
Michael W. Hindmarch, DL, serves as Non-Executive Chairman of the Board of Best of the Best Plc. He qualified as a Polymer Technologist at the National College of Rubber and Plastics Technology, London. He founded Plant pak (Plastics) Ltd, a horticultural plastics company in 1970. In 1985 he reversed Plantpak into Falcon Industries Plc, a listed conglomerate, becoming Chairman and CEO. Since 1990 he has acted as an independent business consultant to a number of companies. Michael served as High Sheriff of Essex 2010/2011 and is a Deputy Lieutenant of the County.
Selling the company and or closing it down and returning cash is a possibility. Spending money on advertising seems daft to me. The competition is fierce and the best days are gone.
£4 seems about right, interesting few months for the company, still no signs of any diversification of the products they offer.
Lemonade…I think you are the only one here who thinks it was reasonable to sell via a third party to satisfy “strong demand” and then a few weeks later announce profit warning that demolished the share price by £20 a share. If that is not getting close to insider trading….how could investors do their own when all they had were rns notes about how fantastic the company was doing? Try that as a director in the United States and see how many law suits you get! Maybe it was all legal….I guess it must have been …sure the directors must have thought the share price was overvalued but who would invest in the stock mkt if the directors were allowed to mislead just to sell their stock at crazy prices
TV channels are bombarded with text/telephone competitions. Gas/electric doubling in price which will likely further take punters money away.
Covid state handouts to stay home and perhaps gamble instead are over. I think BOTB need to branch out into other forms of competitions like house raffles.
I used to see BOTB ads online a year or two ago and not seen any since.
They cannot sell it to the company at that high a price. That would be destroying shareholders value when it was clearly overvalued. They used the free market to sell their shares to people who did not do enough DD on the company, nothing wrong with that.
Here's the RNS: https://www.lse.co.uk/rns/BOTB/primarybid-offer-s96fugwewqlk23k.html
> As a result, pursuant to a number of investor meetings and indications of strong demand for the Company's shares, from both existing and new institutional investors, the Selling Directors have decided to release a portion of their shareholdings in order to satisfy this demand, broaden the Company's shareholder base and improve liquidity
The wording here is hilarious though. Here's a translation:
> Our shares are severely overvalued and we need to dump them as fast as possible before retail investors realise they are massively overpaying.
But this just means that you cannot ever trust what directors are saying obviously and have to read between the lines in all RNS's.
Especially on AIM exchange where it's the wild west.
I would have done the exact same thing if I was a director. If you don't do your DD then you don't deserve gains.
yes infamous. I would have no problem if sold in the mkt but they sold via a special primary bid placing where none of the money went to the company. From £24 to below £4 in 9 months. I cannot see how the directors did not know the company position when they sold and I do not know if they were obliged to set out an update when they sold.....obviously not. So I guess the directors did nothing wrong. Some of the biggest commentators around were very keen on botb last year and were pointing to the large divis etc. Which then stopped after the profit warning etc. So nothing was wrong perhaps but private investors have taken a near £300 million hit approx and it has come out of the blue rather and some of the best pundits around are in complete shock. Much of my remaining holding cost nothing and I sold a lot of my £24 placing at £30 plus but I still feel very cheated and sorry for those that invested heavily here. A question more of trust than losses.