The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Any news
Good morning,
I appreciate there hasn't been any activity for a while, namely owing to the AIM delisting in December 2019. However following the cancellation, Cabot put a facility in place which allow shareholders to trade in the shares if they so wish via the Asset Match platform.
If you would like to be kept updated with auction timing's, pricing and company newsflow simply email dealing@assetmatch.com and we'd be delighted to add you to that list. Similarly if you have any questions surrounding how to deal etc then please feel free to get in touch.
Many thanks,
Ben Weaver
ben.weaver@assetmatch.com
020 7248 2788
The less people accept their rip off offer, the harder the board will have to work and offer a better price.
I can't be bothered. Not even worth my 2 minutes getting it sorted.
I wish for Averso to totally collapse, dragging the entire bod down with them.
I have 99 shares in these. Are there any pitfalls to not selling (which will obviously cost in fees). Obviously I don't want any legal implications if ownership is transferred into a private company. Or do the shares just cease to exist. i.e. Do I need to sell regardless of fees or can I just forget them?
One of the perils of keeping certain AIM shares for a long time is that this sort of slide in share price is bound to happen.
Pump & dump for a quick profit seems a better option & always beware of fund raisings that dilute your holdings.
Morning All,
I sympathise with you all. For me I had £50 in this it was a gamble...however you cant tell me that this mob after raising funds for the winter , this was not on the table to de list...as a plc you dont just wake up one day...and think were de list ???
Absolutely disgraceful Scott Aiken should be an absolutely ashamed of himself.
No dis respect to Scots I have Scottish friends. This is why they could never ever manage indepence...the UK would be skint.
L
I wont bother selling mine either. in a similar situation, through down a lot more. Disgrace. AIM is dead.
thats all they were left with sweet Fcuk all
my shares are worth £5.88 down £730 , cost more to sell them
Hi All,
What is going on with sells here....mms playing games or what ? They may as well of just counted 1,2,3,4,5,6,7,8 9 10 sells?? Its ridiculous....seriously who in there own mind would sell such low amounts of shares? The cost to sell them is far more than the value of the shares being sold...
L
not much left. this bod are criminals.
I hang on to those shares, not worth selling now, not much left anyway from my initial investment.
https://www.cabot-energy.com/investors/significant-shareholders/
HPP own 72.21% so they don,t need many to push it through cheap assets through the back door
I recall that High Power Petroleum owned over 50% of CAB share when Aitken was appointed CEO, he is I think a Director or employee of High Power Petroleum.
The signal (which I missed) was when Garraway Capital Management LLP dumped their entire shareholding and there was not an RNS issued informing the market who had acquired those shares......my understanding is that these shares were sold to MM's and they do not have to disclose their shareholding even if it's over 3%.
I read recently read that losses on a share can be viewed as a cost of learning, I've certainly learned a lot owning CAB shares and like you have lost several thousands of pounds. I certainly will remember Aitken & his cohorts for many years to come.
All the best.
Thank you for your advice, it looks to me as if aitken has been brought in to grab this company for hpp, it's a bit funny that hpp kept putting in money as Cabot were looking as if they were going down, or was that aitken dragging the share price down, I've lost over £2000, which might not seem a large amount but it is to me, I'll never understand why someone people think money is everything
You will still own your CAB shares but it will be in a private and not a listed company. There will be a mechanism (see recent RNS) for trading your shares but based on my experiences in another company that I held which went private, these types of trading mechanisms only operate at certain times & there are a very limited number of trades which takes place.
fwiw, I sold out this week, took my losses & learned some very important lessons.
I have not checked the shareholding numbers but I would imagine that H2P have enough votes to push the AIM delisting proposal through.
Good luck with whatever you decide.
TO ALL SHARHOLDERS, ID RATHER SEE THE COMPANY GO DOWN THAN SEE MY INVESTMENT STOLEN, IF ANYONE VOTES TO LEAVE YOU MUST BE STUPID, VOTE AGAINST LEAVING AIM,
I bought 29000 shares in Cabot which were crushed into 500 shares, now, as I believe it, Aitken is asking shareholders to vote to leave aim, am I dreaming, or have I got it wrong. If we vote to leave will I lose everything , so who will get my shares in the private company then, can someone tell me
Another piece of crap share
If they take it privately, what happens to our investment? Puff ... gone?
If so, why would any one with even a crumble of a brain cell vote for this to happen?
The Company therefore announces that it intends to seek shareholder approval for the cancellation of the admission of its Ordinary Shares to trading on AIM.
So what is the plan? They would like us to approve to lose everything and hand our investment over to them? Sure, would you like my property portfolio and savings too?
AIM has been a have ago directors playground for a considerable few years. With very few exceptions (like about 6 companies) they don't work particularly hard. They get salaries in the hundreds of thousands. A disgrace is the very polite way of putting it. Its a shame because it was great idea to have a fledgling market. Unfortunately like all great ideas without proper regulation it gets used and abused, and now as a former director of a satellite communications company has said it would be impossible to raise the amount of money he was able to on Aim such is the deterioration of its reputation. NOP/CAB's only real attraction wee the prospects of fields in the waters of southern Italy. For whatever reason Shell have been dangling a carrot in front of NOP/Cab for twenty odd years. NOP's geological director was absolutely convinced there were and are some massive oil and gas fields to be discovered. In the end thanks to Italian bureaucracy they never got the chance to drill. Bizarrely they did get a chance off the coast of Gyana in partnership with Shell, Total, Tullow and their minnow partner Wessex. It was almost scuppered by the French government who hysterically were against it on environmental grounds. The first well looked very promising which resulted in a very good offer from Total to buy out the small guys. It was too tempting to stay on board and go for the next 2 drills at about £100.000,000 a pop. It all but wiped NOP out and did Wessex. They did not fulfil the initial promise. After that they have been scratching around for income for something less risky but could not even match their original marginal income from gas production in Holland. There have been worse exploration companies and it could have been a completely different story, but they must hold the record for the longest loosing streak and the fewest amount of wells actually drilled in the history of oil companies. Sorry for all the CAB losses added to mine earlier on with NOP. Some of us did try to warn about the this company. At the very least there should be some investigation. Unfortunately there are too many on Aim in need of that and too few regulators. The success for oil and mining companies on aim is probably about 1 in 100. Not great odds
Morning All
I'm gutted to read this....disgraceful rns....
Firstly I'm a very small Pi. 2k shares £50.00. However this Aitken guy is a disgrace. He should be ashamed of himself. To think the Scots want independence really ???
If this how the scotts...not all scotts.....run things ...independence?? not in a million years....UK would be bank rupt......he talks the talk .....he his replica saville row suit bought from the Glasgow market.. that doesn't fit him properly....but cant walk ....
Absolutely disgraceful...
I can handle losing £50.00p....
Kind regards
L
Why is it in the best interest of shareholders for Cabot to leave Aim and change to a private company. Where is my money gone. I really do not understand why it is the in "best interest of shareholders" when they have lost their money.
Wish you guys all the best. Was a much better company under Keith Bush --really good guy. To think this was nearly 200p some years ago--I lost money but got out last year!