George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. 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.
Well I'm in ESC now and just added a few....
Similar trend to Cineworld opening weekend, demand of ESC products and experience will also follow the same trajectory. Will be interested to see the Q2 and Q3 financial updates. Expect the sp to rise steadily.
Great up side from here out once the revenue starts to flow cheap at 40p
Agreed 50p is very realistic in the coming weeks. I have topped up today hopefully it starts to motor up soon. My Target is 80p
Now the numbers are out the way, we can expect a series of trading / operational updates that should be positive. The pent up demand for leisure activities will help ESC and looking forward to updates on growth plans. Rememeber, its a buyers market and they'll be some prime locations up for grabs.
50p next week. £1 september
Nice.
Must have been my post :))
coming in.
https://www.youtube.com/watch?v=Sh_x6GUfy5I&t=281s
Watch beginning to 9 mins
https://twitter.com/SharePickers/status/1395315389488304132?s=20
Neither can LJ by the looks of it!
I don’t think JW can do anymore
Last week luke Johnson sold holding in one hit which was 3%, and I suspect Stuart has been dumping his since yesterday which only which a few panicky pi’s and profit takers is causing a bit of turbulence however I expect it to find some support soon. Great opportunity to top up or get in if you missed the 1st leg up
Worried Hypermarlin? why would that be ? Company is in great shape - latest news is history and lets face it of no surprise given COVID.... On the basis that trading conditions will improve due to end of lockdown do we not think that the price is being manipulated to allow all those who "missed the boat" to buy in for the good times ahead?
Most likely JW will have them on VOX to boost morale sooner rather than later.
Normally does with his holdings..
...kind of worried we are going down quite a bit now, as ppl who have ridden up the wave take profits before they loose any more of them. SP will come back, but it may be a longer haul now. IMO. Need Justin W to do some more promo!
How have you calculated the cash burn? A quick glance through their report re: operating loss:
"Group operating loss increased by 7.5% to £6.4m (2019: £5.9m). The extraordinary circumstances brought about by COVID-19 in 2020 means that there are several significant items in the 2020 result which might be considered one-off and it is therefore difficult to draw a meaningful comparison from underlying performance alone."
And cash burn rate:
"In July 2020, the Company raised £4.0m (net of expenses) through a placing, open offer, share subscription and convertible loan note issue. Hence, total cash used during the year was £3.5m. EBITDA losses absorbed approximately £1.5m whilst working capital movements released £0.6m. We expect this to reduce in future as the benefit of deferred rent and taxes is caught up. Hence the net cash used in operations was restricted to £0.9m."
I can see where you're coming from, but I think you have to read the whole document and find answers there . It looks like you've oversimplified the figures a bit too much.
I guess - like everyone says - if you don't understand the company there's no rush. Take a bit more time to get your head around it and make the right decision for you.
I think £35 million valuation is pretty on the money. Grown a heck of a lot in the past year but got to prove the demand (and therefore revenue) is there.
Yep agree! That is why they won’t make money spouting rubbish about 20p is laughable that boat sailed ages ago!
Here not hear!
Interesting to hear from the geniuses hear who turned it down at 10p and now think it’s worth 20p just about ??
Some lacking in very basic account principles and valuation methodologies
Sorry, typo and error in my cash burn calculation. I mixed up the 2.2m and 3.3m, should have read:
Cash at year end: £2.7m
Cash burn 12m = 2.7-2.2-4.0 = -£3.5m
Cash end March =3.3m, so maybe they can stretch for nearly 12m without raising more money, actually.
Cash has gone up by £0.5m since Dec presumably because they raised money in January and maybe also have drawn down the convertible loan facility.
And, yes, of course I am bearish because I want to get in, in that I would buy if the price was lower. Long term, seems like a decent business, but looks very overvalued just now. I would buy at 20p, probably.
Escape hunt is new in Cheltenham, 4 different games available, only 1 game booked today.
Be careful here!
£3.3M as of last month! Are you bearish because you would like to get in?! Still pretty cheap here!
To achieve what they have during covid was outstanding imo, they are well ahead of their initial intentions for total amount of sites opened, It doesn’t take a lot of thought to see where ESC is going from here. Onwards and upwards.