Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. 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.
What the hell is going on with this stock.
Thanks Trek.
Won’t be making a complaint, just an observation that the notification seemed to be late.
I mean, the 9 May RNS made it clear enough that Trevor Brown WA buying 3.5M shares in the placing, but gaining an interest in 10.1M. It said it in two places. It's not hidden really, though sounds like they should have reported it quicker.
The notification for crossing is….. DTR 5.8…
“ The notification to the issuer shall be effected as soon as possible, but not later than four trading days in the case of a non-UKissuer and two trading days in all other cases, after the date on which the relevant person:”
https://www.handbook.fca.org.uk/handbook/DTR/5/8.html
You can quote that in your complaint
To report a late TR1 is straightforward. You just fill out the form at the bottom of this link and send. It’s really that simple.
https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual
Not saying they will do FA but at least it puts it on the radar!
Usual caveats
Trek
Dunno JS
The 3 prints today look to be purchases, I think one of the MM's has just slipped off the bid to try catch a seller, to cover the book lower down.
Awful out there today.
Classic drops below placement price...
derisk or grin and bear??
tp 1p for oversold bounce, perhaps
Yes, I think they probably are.
I believe it’s still a positive that the Brown family has purchased the shares. They must see some profit to be made in the short/medium term.
This just looks like part of the placing of new shares.
One thing I have noticed is that FAB crossed the threshold on 15 January and notified today. That seems like quite a delay. Off the top of my head I’m not sure what the rules to notify say, but 6 weeks seems like a long time.
FAB has an interesting history. It’s not an investment company per se, however, in this case it does seem to be being used as an investment vehicle for the Brown family.
I think it’s pretty clear that TB is pulling the strings being FAB and he can’t add to his holding so he’s using FAB to achieve an increased ownership of the company.
Naturally, it does raise the question as to why TB would take this course of action if he doesn’t believe the company is going to become successful and earn him a decent return on his investment.
Maybe TB is very confident in the business, or wants voting bloc power (to say no more raises?), without breaching 30%.
But whatever reason, it's because he thinks there's money to be made at these levels.
Companies House shows that TB and his family are linked to FAB…..interesting move
It's Trevor Brown's family..... Which raises even more questions. Obviously he doesn't want to go over the 30%holding.
Interesting holding in company.....
Can't blame them! I'm holding on in here, hoping (perhaps foolishly) that the company becomes leaner and more niche as it moves forward. 2024 is a make-or-break year for CMH. GLA
Looking at the trades this morning perhaps someone has had enough
For what it's worth with TB Braveheart and IQAI offer an insight his typical MO, their offerings are nebulous enough for him to be able to routinely tease jam tomorrow, offload shares at a premium, buy back when bombed out or via placing when they inevitably fail to deliver, rinse repeat.
He bought in here flush with cash from RMS/Braveheart perhaps with a bit of nostalgia plus invincibility believing he could rescue it after BorgWarner pulled the plug, and to be fair he has given it a decent stay of execution with a fair bit of financial engineering.
Beyond that the challenge is having bought in he can't use his usual jam tomorrow trick because the products are too tangible, there's no medical breakthrough implied in the near but never quite reachable future, nobody is going to get overly pumped up about iron castings. So he's a bit stuck and for once it's him that's fallen victim, just to himself and a case of sunk cost fallacy.
Indeed Dartron.
Here's hoping!
Guys, I dont know that much about TB, but from my searches and looking at his other investments, I think this is a small part of his wealth. I will say that he has deployed a significant amount of cash here - and that is where my confidence comes from. I think this investment has been more difficult than he first anticipated, but the important thing is that he is still supportive. I expect he has great sway in the financial engineering (his speciality), but I doubt he is running the works etc. He is still is the largest share holder. I expect the sale and leaseback, and the building up and selling of Petrel were his plan to recover the finances. In the middle of that we are having a weak economy, higher interest rates and a bear market where you cant raise equity.
This company must have at least 30 employees, and huge out goings so that is where the money goes. Think of it as a charitable act, keeping a few folks in jobs going. Lets hope Karma rewards us for our kindness.
TB is the man here - It's his money and KP looks like a puppet. They probably wanted to sell it sooner and the recent raise had to be done as the sale ran on.
I would like details on the 'investment' of the funds ie what the fck they are spending the money on and how it's going to make profit ?! Easily done via socal media.
Clearly shareholders are of little importance (same as any aim)
I hope I am floored and have egg on my face for being skeptical here!
I'm hoping this Petrel sale has been in the works for a little while, and that CMH divulged this to TB at the time of the placing and he was encouraged to participate.
I might be clutching at straws here, but hoping the background to all this is more optimistic than CMH are letting on in their investor relations.
That's the bit I just don't get Mr U.
What's the angle from TB?
Why put up so much cash initially?
Totally in it for himself, so you'd like to think he makes some money. But, where is making his money right now?
Placing after placing, SP flat as you like - does he take it private for peanuts?
Just don't know anymore.
Have you all seeen AQAI
As Darton posts, steady on
no need to rush in here imv
still need to see more real evidence of a turnaround
Same feelings as your detailed thoughts.
I always thought sell Petrel was a given (surprised they did not do it sooner)
The lack of comms and in general anything coming out of CMH is non existent.
The profit compared to their revenues is amateurish and not worth the hassle of being in business.
I am bitter here now as underwater but Kevin Price has lost his creditable with me (he is a cat in the headlights).
I wonder what TB is thinking bout his investment here.