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.
You beat me to it
Will see if I can find and publish the list of holdings on here
The company and its shareholders
The Chamberlin & Hill company was founded in 1890, went public in 1946, moved from the Main market to AIM in 2006 and shortened its name to Chamberlin a year later.
The group has around 105.6m shares in issue.
Its Board owns over 30% of the company’s equity.
On the day of the latest Trading Update, Trevor Brown, one of the group’s Directors, acquired another 1.25m shares, at an average 4.98p, taking his holding up to 30.77m shares (29.14%).
Just a few days ago Keith Butler-Wheelhouse, the group’s non-executive Chairman, acquired 426,500 shares, at 4.69p each taking his holding up to 1.05m shares (0.99%).
Professional investors within its lists take in Henderson Global Investors (9.50%), Miton Asset Management (5.80%), Chelverton Asset Management (5.68%), and AXA Investment Managers (4.24%).
Also on the shareholders roll are Rights & Issues Investment Trust, Schroder Investment Management and Mi Discretionary Unit Fund Managers, with each owning just under 1.0% of the group’s shares.
Thought he was like 29.9% or something?
Miton in my view are a crap organisation , theyve always been selling out of aim companies for some time
2 more big trades totalling 5 million shares has popped up from yesterday. Could be Miton. Wouldn’t have thought a 2nd II would be following suit.
Off the top of my head I can’t remember exactly what TB is on percentage wise but I know it’s close to the threshold. He can’t be trading at the moment due to the closed period, but could the shares be being held for him until results are published? Somebody will need to buy these shares and we haven’t had any large buys yet.
Someone bought them.... Anyone know what TB needed to cross the threshold that he was borderline on?!
Its also a question of scale. Lawmaker you said this is 8% of your pf. But CMH for the trust called MINI is probably about 0.4%, and having reduced it is now 0.38% for example. Clearly they sold a laggard, but that is far as I read into it.
Premier Miton microcap trust. I like that trust, and Gervais Williams.
I hope we dont need to read anything in to that, although the trust is very small - and has not performed well of late, CMH is a tiny holding within the trust, not even making the top 20: https://www.mitonukmicrocaptrust.com/portfolio-information/
Being closed end, it is not redemptions, but the fund has altered its investments and has obviously decided that there is more upside elsewhere. Cant blame them, if everyone is kept in the dark. Hopefully they have not been sounded out about a raise, but even so, they have just sold at a quite a loss to avoid one if that were the case. From emory, they bought in the placing at 3.3p I think (anyone better memory)?
It isnt the case that they are privy to information that we are not (except sounded out about a raise). However, there analyses and wider knowledge probably is far more, so maybe they can see a likely scenario here of mediocre results. Weirdly, its quite re-assuring for me. Plus its possible there was a buyer. The big trade was dated 24th, and PM say they cross the threshold on the 27th, so more going on in the background. I follow a lot of investment trusts, they are having a really tough time and may have completely unconnected issues going on.
Obviously, nobody is supposed to get wind of the results before they’re published. Assuming that that has been upheld, it could just be a simple case of the II becoming a little uneasy with the delay, just like us shareholders, and derisking a bit!
But who knows, all speculation at the end of the day
So Miton have reduced by around 2%.
They still hold over 7%. That could explain the 1.5 million trade that popped up yesterday.
Given the amount of the company owned by II’s, a reduction like this is a drop in the ocean.
On the flip side, Naturally, it does make you wonder why they would sell so close to results.
Let’s get these results out and then we can digest them and form our own opinions and strategies going forward
Yes draft, that would certainly not be welcomed! Good or bad, not long to wait now. Despite the delay, I’m going for the former.
Zero indications here that there’s a skeleton to jump out of the closet. But, this is AIM and anything can happen. However, this is an established business with a long history. Hopefully the worst is behind us and we are continuing on the upward trajectory that we’ve been led to believe we are on!
CMH accounts for around 8% of my investments. It’s a calculated risk. I believe the potential upside is worth it.
I agree with you re the delayed results. We have 2 trading days left. I didn’t think they would leave it this late. From what we’ve seen and heard there is no reason why the results should be so late! It’s bound to cause uneasiness amongst investors. That said, several IIs and TB are heavily invested. I think if bad news was on the horizon we’d have seen some pretty heavy selling in the past few weeks and we haven’t, so that gives me a bit of confidence.
2 days to go ⏰
hope we don't get a poker up the **** casted in the furnace
Individial AIM shares get a fixed % of my portfolio at time of purchase and no more, so I'll not be buying any more.
These delayed results are troubling me somewhat. However they did reply promptly to an email where I queried the pension scheme a few months ago, so they did demonstrate good investor comms. back then at least.
I’m fully loaded here, but depending on the results, I might free up some funds to add to my holding !
Anyone brave enough to buy a few ? !
Intra day results, or we head into Fergie time tomorrow
Got to be a buy?! Otherwise would have tanked to 1p
Clearly something is afoot! Will we get a TR1?
1.5 million trade printed from a few days ago. Now is that a buy or sell 🤔
Never seen it, but understand the concept.
Let’s hope TB isn’t bad Santa this year. Given how much he has invested, he’s aligned with shareholders so we shouldn’t have a problem!
3 trading days left ⏰
Someone said results tomorrow. We will see
Yeah i stopped Bad Santa 2 after 15 minutes too, im not watching that stupid woman. she was almost in the whole film. Bad Santa 1 was good
After watching Bad santa I decided to let my 11 year old watch it, didnt think much in it was that bad. Netflix only had Bad santa 2 so we watched that. Well we stopped the film after 15 minutes. We still laugh about it now. Not for minors shall we say. Very different to the first.
We really need some immense news to light the stove here, light the furnace, set the spark off, give us a cracker.