PYX Resources: Achieving volume and diversification milestones. 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.
We should hear (good news) any day now businesses are back from Xmas holidays.
Is this the same part of the company that was purchased in September 2021 for £21 million ?
The only way is up in my opinion, hopefully we won't have to wait long.
Looks like the Friday SP price action has already corrected itself. Being quoted over 7p to sell now. Still a silly price under 8p IMHO as that only values the whole company at c £30m and we know we are in advanced discussions for a part sale in excess of £30m. So how much for the whole company - £50m?
I suspect news anytime from Monday 8th Jan.
Thanks @shandypants2 that explains it. I’ve had too many losses within the AIM circuit last year but think I’ve finally selected a decent company - that’s actually going to be making free cash flow sometime soon!
I think the late report 390k trade at 7.05 was a sale and it appears MM didn't have the stock to fulfil the order, hence the sudden drop. I think the low volumes didn't help.
Just before the end of the trading day i couldn't buy more than 1,000 shares at 6.9 (not enough stock available) and could sale at 6.73 so i think the drop was already correcting itself.
There is no way things are off track re the sale as the legal depts etc will be closed over the Christmas period so if there was to be an issue it would have been known before the xmas break.
The fact that there were big purchases during this period gives me confidence that all is on track.
Probably due to low volumes, some co's do this in between Christmas and New Year.
we'll see in new year when things should get back to normal, and hopefully buyers return to the market, along with this awaiting RNS re see off.
Profit-taking by short termers? Don’t know - pure speculation.
A few big Yuletide log dumps this morning! Is there any reason? Last I looked everything was looking positive for this small cap ….
My buys are sells. What's happening?
Wow - check out the late reported trade , 900k shares.
This is still valued at a little under £30m, despite the recent rise, so still a decent way to go IMHO.
This business is going places, in the right space with good plans and growth imo
Must be leaky ship. I doubt this is retail investor activity given the time of year. RNS on the horizon...? and I agree, a lot of upside in this one. Glad I nibbled again sub 6p.
7p smashed, however, a lot of blue sky ahead for further increases.
The late buys on Tuesday and again on Thursday would strongly suggest this. I suspect the sale is now agreed but contracts need to be reviewed by legal teams etc. With the Christmas period it appears this will now slip into the new year, however, i remain very confident.
I am very surprised the share price hasn't risen more. It was massively undervalued at less than £20m, weighted down with short term funding concerns. I think the LUCE share purchase has already resolved these issues so i think that deserved a re-rating on its own.
The sale of the management division for 'in excess of £30m' whilst not guaranteed again shows how low the current valuation is.
There is a strong argument that the remaining business is of similar value, however, even conservatively valuing it at half gives a minimum overall valuation of £45m(c12p a share).Even factoring in the sale not materialising (there is more than one interested party BTW) and maybe short term reducing the overall company value to £30m that is still 7.8p and c15% above the current share price.
When the news drop i predict a minimum 50% daily rise. It could be more if the sale is for more than £30mand the last 6 months trading shows continued growth.
Good luck all LTH and have a relaxing break
I would say with the size of those trades that someone knows something. News tomorrow or Thurs?
Shame I haven't got more funds to top this one up.
Very interesting buying from about 12pm today, especially a late reported 750k buy. Definitely something is brewing
Quite a few 250k and 500k purchases today. Bodes well
Here's an excerpt from the Nov RNS. Says discussions at an advanced stage and then further down CEO states it is a short period of exclusivity. Also notice it is a cash offer, so nice and clean, no shares etc. Also states money to be re-invested in the fast growing service division.
The Board engaged professional advisers to conduct a strategic review of the Division, following which the Board received a number of indicative cash offers which valued the Division in excess of £30 million. The Board has now entered into a period of exclusivity with one of the interested parties.
The Board intend to re-invest proceeds from any sale of the Division to ensure the Company and its subsidiaries ("Group") have the appropriate financial resources to capitalise on the substantial growth potential within its Energy Services division.
While discussions are at an advanced stage, there is no guarantee they will lead to a transaction or as to the final terms of any such transaction.
"As discussed at our Interim Results, we continue to position the Group to be able to win new larger mandates and optimise financing solutions. Following a number of inbound enquiries earlier in the year we have appointed an independent adviser and entered into a short period of exclusivity with one of the parties which has expressed interest in acquiring our Energy Management division. We will update shareholders on this process as appropriate."
I agree, but something makes me think this will bounce into the New Year now. I am sure eEnergy will be keen to get a deal over the line but the buyer is likely to be a large corporate, and as such I suspect key resources maybe going offline for the festive season, if not already. I am still very positive on this stock however, for all the reasons you cite.
Where does it say this in RNS? Can't see it
Re-read the RNS re the sell. Says negotiations are at an advanced stage and also explains how/where funds will be re-invested. A massive positive for me. I did top up considerably in the low 5's , however, have bit the bullet and just bought another 100k shares. Someone earlier today bought 250k so they are clearly also quite confident.
Company is currently valued at £25m - just too low IMHO. 10p would value this at £38.7m which still seems low if we are ready to sell a division for over £30m
Price ticking up nicely - could there be a pre weekend rush as per last Friday?
"All Resolutions Passed"
From someone probably longer in the tooth with Share dealing, that's all that these days usually impart.
Nothing to see other than anodyne bureaucratic tick boxing.
You are simply not allowed to store up price sensitive news for agms
An RNS simply says all resolutions passed, but I don’t recall what they even were.