Firering Strategic Minerals: From explorer to producer. 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.
Interesting holding in company.....
It's Trevor Brown's family..... Which raises even more questions. Obviously he doesn't want to go over the 30%holding.
Companies House shows that TB and his family are linked to FAB…..interesting move
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.
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.
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.
This just looks like part of the placing of new shares.
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.
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
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.
Thanks Trek.
Won’t be making a complaint, just an observation that the notification seemed to be late.
What the hell is going on with this stock.
There's no big mystery is just a dying business
While I can’t explain the slow decay of the sp, from the information given out, I don’t agree that it’s a dying business
I suspect the main potential buyers of this are more interested in injecting capital into the company if/when it needs it in order to protect their prior investment. Actual purchase of shares in the open market isn't going to make much difference to the company itself at this time.
Agree with Jerry. I would not rule out another placing, which will be at a discount to the share price, so there is no point in supporting the price by making purchases in the market. I think at least another 12 months before this turns round.
One contract and things will look so different! Here's hoping...
Let's hope so DMSC
I think there are several concerns for me as a long-suffering shareholder.
£20m plus then really whats the point.
Continuous fund raising is diluting us all, and bogging the SP down in the process. I know its a favourite passtime of TB and looking at his other investments, well......
But, in this situation as its been mentioned before, its a proper business with real plant, producing a tangible product of which there is a demand for. So, how is this actually benefitting TB at the moment?
What about the recent increases in holdings from Arnstrong Investments and the new Irish holding? FAB also involved now, which I won't comment on.
Does the company get taken out on the cheap as it turnsaround? Is there a real plan here, or is the board ( who commanding a serious salary) just doing the same old things.
Dunno. All speculation and bumfluffery, for discussion.
*edit*
Should have read - If you can't make any money off £20m plus turnover, what's the point.
I have to say though, I am finding it quite tempting to up my holding to a million shares, just because I very much doubt I'll ever do that with anything else. Probably not really a very sensible investment strategy though.
This share became JUNK...lets be fair...not worth to looking any more
Many would agree with you, 0hmarko. Long-term shareholders have suffered badly but are in too deep. While there's life, there's hope! GLA