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Bit of a drop today. Assume the usual AIM impatience at play.
looking back those actually look like buys :)
Ralph Kugler has over 25 years experience at the highest levels of international business. He is currently Chairman of 2 Companies, and on 2 other Boards. He is also Chairman of the International Advisory board of a major business school, and Board Trustee of a charity helping to improve education for underprivileged children in South Africa. Previously, he was a main board director at 2 FTSE-100 Companies: Unilever and Intercontinental Hotels Group. He has chaired a number of privately owned Companies. Ralph has extensive experience of general management. He has lived and worked in the UK, Europe, Latin America, Asia and Afric
looks like a solid play, good contracts in the background defo worth my attention at 15mil market cap
Looks interesting. Been watching this for a few months. I was hoping the price wouldn't start moving until the end of August.
come on, someone pay 27 already
Good news for the company.
At the max ask as well.
@ 26p. Gm all.
A 'potential Qlik' - another video analytics firm that last year was acquired for $3Bn. - that's the potential long-term upside with this type of disruptive technology innovator: “Visual Analytics Firm Qlik to be Acquired for $3bn June 6 2016 Visual analytics company Qlik is to be acquired by equity investment firm Thoma Bravo, in an all-cash transaction valued at approximately $3.0 billion. Lars BjörkHeadquartered in Radnor, Pennsylvania, Qlik has offices around the world with more than 1,700 partners covering more than a hundred countries. Its portfolio of self-service data visualization and guided analytics products is used by companies of all sizes worldwide to explore information and generate insight. This portfolio comprises three core solutions: the Qlik Sense visual analytics platform; the QlikView guided analytics and dashboarding solution; and the Qlik Cloud range of SaaS apps. Under the terms of the acquisition agreement, Qlik shareholders will receive $30.50 in cash for each share of Qlik common stock, a 40% premium over the stock's last closing price. The proposed transaction is expected to close in the third quarter of 2016, subject to approval by Qlik's shareholders and regulatory authorities and the satisfaction of customary closing conditions. CEO Lars Björk (pictured) comments: 'Thoma Bravo recognizes the value that Qlik delivers - a platform that lets our customers see the whole story that lives within their data. Thoma Bravo has an excellent track record of investing in outstanding technology businesses for the long-term, and I am confident our employees, customers and partners will greatly benefit from our partnership with them'. Web site: www.qlik.com . " HTTP://www.mrweb.com/drno/news22750.htm
Up 4% now.
Yea updated piece on BST released this morning too. I am very happy holding here.
Big contracts & revenue will get bigger.
Still here. Didn't sell. Early days here and happy with the growth potential.
as many sold out in panic but now returning back thick and fast!
Surely a statement should be put out by both companies To let people know what's going on at the moment Never forget you own part of the company
Correctly or incorrectly, I put the fact that information on the loan has not been given down to the fact that things are still sitting with the Jersey Financial Services Commission and the legal issues NWOG found itself in. Let's face it, when the powers that be are instructed by their legal team to to say something they will. Regardless of what any of us think, we will only find out in time, when it is appropriate for both BST and NWOG to comment (as frustrating as it is to us)
Hedgehog In plain English They haven't paid new world back then
Let's consider the explosive nature of the 2017 growth here, which is better than I had been expecting, but which people seem to have been missing - 28/06/2017 07:01 UKREG Big Sofa Technologies Group PLC Final Results "... Revenues grew to GBP757,000 in 2016, with average monthly revenue approximately double that in 2015 ... Strong start to 2017, with revenues in June more than three times greater than January ... We have made significant operational and financial progress in the first half of the year, growing a substantial new business pipeline from just c.GBP100,000 at the outset of the year to over GBP1.35 million today ... of the proposals decided upon so far this year, Big Sofa has converted 54% by value ..." https://uk.advfn.com/stock-market/london/big-sofa-tech-BST/share-news/Big-Sofa-Technologies-Group-PLC-Final-Results/75126028 I.e. Revenues up over 200% in five months, an annualised increase of over 1,000%! And order book up about thirteen-fold in five months, an annualised increase of over 20,000%!! In 2016, turnover was about seven times the year end order book. If a similar ratio applies this year, we should therefore expect multi-million pound turnover in 2017. The order book clearly has a quite rapid turnover, as you would expect with this type of business, but which some people may not appreciate and which is therefore fooling them. Moreover, the conversion rate of over 50% is stunning: not only is it a very strong validation of BST's offering, but also bodes very well for further strong revenue growth. Now let's consider the operating loss and cash position: 28/06/2017 07:01 UKREG Big Sofa Technologies Group PLC Final Results " ...Operating expenses include GBP785,000 of AIM listing costs and GBP705,000 of deemed reverse acquisition costs, both of which are non-recurring. ... The balance sheet at the end of 2016 remained strong with cash of GBP2.5 million ... Operating loss (4,297) ..." https://uk.advfn.com/stock-market/london/big-sofa-tech-BST/share-news/Big-Sofa-Technologies-Group-PLC-Final-Results/75126028 I.e. the 2016 operating loss excluding non-recurring costs was £2.8M., only slightly higher than the year end cash position. The speed with which revenues are growing means that there may well not be an urgent need to raise more equity funds before the company is at or near profitability, especially as it could prefer debt if necessary. But of course it may choose to do undertake a placing, e.g. if it dual-lists in America as is the claimed intention. And if it does, the sort of explosive growth being achieved should mean that funds should be available at a very healthy share price.
I Don't think there's been an RNS on either board to state they've converted into Big Sofa Stock or the loan has been paid in Full. I seem to recall the loan was also repayable on demand . Was there also interest on the loan ? If it has been paid all well and good ,but if it hasn't been paid why not ,especially when they've stated a strong cash position at year end , I think the matter needs clarifying for all interested stakeholders / shareholders
Hedgehog Why can't i find this in a rns Or am I missing something
With regards to NWOG the BST admission doc. states: "On 9 May 2016, Big Sofa signed heads of terms with AIM-quoted New World Oil and Gas plc (“NWOG”), with a view to NWOG acquiring Big Sofa by way of a reverse takeover. During the negotiation and diligence period since that time NWOG made loans totalling £675,000 to Big Sofa. NWOG announced on 17 October 2016 that an issue had arisen in connection with a transaction previously carried out by NWOG which may have a material impact on its financial condition. Big Sofa Limited terminated discussions due to the uncertainty surrounding this legacy issue. NWOG subsequently agreed with Big Sofa and HubCo that its £675,000 loan to Big Sofa would, on Admission, be varied so that NWOG had the option to convert the loan into New Ordinary Shares in the Company. Further details of this are set out in paragraph 12(xii) of Part VI of this document"
Perhaps the bst directors could kindly tell us what the situation is
There has been a dreadful lack of news regarding what is happening with NWOG. I know Ben is doing his best, things are stuck with the JFSC apparently , I am sure that had any payment been made we would have heard something...
If it hasn't been paid back Reynolds and Lee should be asking questions But there again they may not want to ask questions