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Glad to hear it, mine is a SIPP. The only place II fall down IMO is that it takes around a week to deposit funds to the SIPP, where as BI was next day. I still have BI Isa, but understanding the issues I listed, I keep mainstream stocks in there and rarely trade them. I also have an IG isa, which is the best platform for trading IMO. Shame about BI, its really geared for buying funds.
Dartron, I agree with everything that you have said about BI.
I'm also waiting to move over to ii. I set up an ii account and I've been using it happily for the last few weeks, roll on the transfer.
I was with Best invest for a couple of years. While they score high on some areas, the biggest issues I found were,
1) information about shares is either very slow to update, or never does. For example, many recent IPO's or small penny stocks are not added to the platform and you cant buy them. Your story about BREE is typical.
2) The platform isnt really set up for share trading. It wont let you sell at market on the day you have bought. (so if you need to exit a stock you are stuck, or have to guess a limit price on a falling stock).
3) I think (not 100% sure) but all the price quotes for setssq stocks are routed to Winterflood brokers, rather than best available price. (same broker no matter what best price).
4) No ability to set up stop losses.
I moved to II last year, it is a way better platform, though slightly more expensive. However, the above issues had cost me many £100's on occasions. i.e. not being able to exit a bad purchase on the same day, not being able to set up a stop loss, paying over the odds for market maker stocks... With II most of the time when buying stocks, it shows you that the price was improved compared to the advertised price (I think they have much greater buying power as a broker). The extra costs, are outweighed by getting better prices on my stocks, and not having the problems I describe above.
If you buy stocks more than once per month its probably worth moving, on what you will save in 'execution'.
Hi, slightly off-topic post for which I apologise. When the share consolidation took place BI was showing 'BREE' with the new price, but the old number of shares. In the last few days they have corrected the number of shares, but lost the 'BREE' and now display '-'. All of this means that I have neither been able to buy nor sell any 'BREE' shares since the consolidation. Grrrrr. Sorry, rant over.
Rogue River, but finishing the week @ 67.5. The lowest price this year I think. Mainstream not working yet for me.
RNS today-must have loaded up ahead of listing otherwise SP would have rocketed.
Yesterday's close was 69p. Today's close (in old money) was 71.8p. The share is therefore up 4.06%. Not a bad start to life on the main market.
Surely this is a tongue in cheek question?
Retirement Plan, it's not a 400% rise though. i.e. five £1 shares yesterday equals after one for every five issue today of one share worth £5. That does not equate to a 400 % rise. It equates to no movement.
However the value of my total shares today (although sounding good at 345 each) is actually less than yesterday.
"On 16 May 2023, 81,351 Old Breedon Shares were issued in connection with the Breedon Irish SAYE Plan. In addition, a share consolidation was undertaken pursuant to the terms of the Scheme, meaning that Old Breedon Shareholders received one New Breedon Share for every five Old Breedon Shares held (with any factional entitlements being disregarded)."
@Rylander - how are you down after a 400+% rise??
My shares might now be worth 345 each, but my overall holding is down. I was hoing it would be pushing over 400 on the news.
Still hopefull though as a great company well run.
Nice to see a little forward momentum even on such a wretched red day for the market - bodes well.
If the move happens yes I think your correct, they are obliged to invest
FTSE tracker funds will have to load up with these from midweek??
Could cause a Boom !!
It will be good to see Bree out of AIM, which has done this holding no favours. I’m not saying it will fly on the main index, but its prospects will probably be brighter.
Abicad snapping up what Octopus Investments are selling
Think with FTSE trades there’s a bit of tax to pay on the trade too
whats the difference between the two markets and does it make it harder to trade these shares?
Hmm, they’ve sold out most of their holdings. Looks like they deal with Aim a lot so wondering if it’s the potential move to the main market caused it?
Interesting comparing the charts of BREE & Holcim ( HOLN )
They both went on a dip from the week to 6th April but BREE carried on falling, HOLN recovered.
Over five years BREE down 20% HOLN up 25%
To July 2021 BREE had been a better buy from April 2018 , but since July 2021 they have gone in opposite directions
Some even older news from before covid ( 29 May 2019 )
Breedon founder cashes in £16m on retirement
Peter Tom CBE, the former Leicester Tigers lock who founded Aggregate Industries in the 1990s, sold it to Holcim in 1997 and then set up Breedon Group 10 years later, retires today on the approach of his 80th birthday.
Peter Tom is stepping down from the board of construction materials supplier Breedon and selling half of his shares in the business (1.3% of the issued share capital), worth approximately £16m. He is still keeping 21.5 million shares, however, accounting for a further 1.3% of the company.
His successor as chairman is Amit Bhatia, the 40-year-old chairman of football club Queens Park Rangers and son-in-law of Indian steel magnate Lakshmi Mittal. Amit Bhatia has been a director of Breedon since its 2016 acquisition of Hope Construction Materials, which Mr Bhatia helped set up three years previously.
The Mittal family invested £272m to set up Hope in 2013 by acquiring assets that Lafarge and Tarmac were required to sell for their merger to go ahead. Amit Bhatia was executive chairman of Hope. Breedon paid £336m for Hope in 2016.
Amit Bhatia now becomes non-executive chairman as of today, having been deputy chairman since April 2018.
Mr Bhatia already owns 17.78% of Breedon through Abicad Holding Ltd. He has committed to buy at least 10 million of the shares that Peter Tom is selling, at a price of 72.0 pence each, and is offering to buy all 22 million at the same price.
Related Information
Peter Tom said: "I am delighted that the board has chosen Amit as my successor. With many years of relevant commercial and board experience, I am confident that he will successfully lead Breedon's board to deliver further sustainable value for our stakeholders, as the group continues to develop and grow.
"I leave Breedon in great shape and am incredibly proud of what we have achieved since we created the company in 2010. I have the highest regard for [chief executive] Pat Ward and the senior management team and I would also like to express my deep gratitude to all of my colleagues who have contributed so much to Breedon's success."
Amit Bhatia said: "It is a huge privilege to be asked to lead the board of Breedon. I joined the company three years ago through its transformational acquisition of Hope and I am more excited than ever to be playing my part in the group's ongoing development.
"Peter was one of the principal architects of the group. He helped conceive a highly successful growth strategy and leaves behind a world-class management team under Pat Ward's leadership. I would like to thank him on behalf of the business for his tremendous contribution during his time at Breedon and we wish him the very best for the future."
Peter Tom has not completely retired, however; he remains executive chairman of Leicester Tigers.
Looks like move to main market on the cards and a 1 for 5 consolidation .
Old news from 9/3/23 ( Peter ) which must of drawn me in here .
Abicad Holding Ltd on Thursday said that it intends to buy more shares in Breedon Group PLC but confirmed it does not intend to make a bid for the company.
The Southampton, England-based firm said it would pay 75 pence per share for the additional shares in Breedon via a reverse accelerated bookbuild.
Abicad currently holds a stake of around 10% in Breedon and is represented on the board by Amit Bhatia, the non-executive chair.
It intends to hold the shares for investment purposes and is willing to buy up to a further 84.7 million shares, which is around 5% of Breedon's share capital.
Abicad said this is a signal of its continued belief in the business and Breedon's overall strategic direction.
Topped up here today 67.5p .
First buy looked OK until 30th March topping at 77p .
Before continual falling back to today.
Bought TLY the same day that looked the worse of the two early doors but proved a better buy when sold today .
Thought I might as well place sale funds here .
Had an email today concerning SAYE schemes, basically for every 1 share of AIM BREE you were due to buy, you'll get .2 of Main Market BREE.