The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
@ Oiltap. Thanks for the advice. I emailed Dan again as per below on top of my last email which he has not as yet responded to.....
Further to the below I also noticed that there were 2 x 340 million trades on the LSE.
As a steward of the company, do you perhaps understand the nature of these trades and can you explain them perhaps ?
If not do you mind reporting them to FCA as there were no TR1's issued for them.
Looking forward to hearing from you soon.
Can't see much happening regarding regulatory policing.
With what has happened with some of the big construction and retail giants on a different (so called more regulated) index.
I can't see a pro active approach from any regulator happening on here. Imo
one in my name and one in my wifes name, orders placed at same time, could be the answer.
A 340m trade doesn't equate to 3%. 2 of though well maybe it's one in Husbands name and one in wifes name.
Should we not then report it as market abuse ?
https://www.fca.org.uk/markets/market-abuse
Thanks Oiltap...:-)
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.....
So this regulation has been breached in my opinion....Specifically the two 350m trades of a few days ago.
@ Oiltap...is there any ruling that compels anyone to complete a TR1 within a specified number of days on reaching 3% threshold ? If so how many days ?
For a max of 75 million shares - cheap!!
Now that’s a big buy at the bargain 0.0152
Thanks Bobby...Good point.....who is regulating the goings on here then ? Maybe we should ask them ?
I am with you Bobby....But I asked a simple question and expected a simple response. THis is very unlike Dan as he normally responds quickly. The question I asked was "Kindly can you clarify the holdings of DB as two separate TR1's were issued at exactly the same time on the same day..."......surely he would have responded by now to such a simple question. That's why I am guessing possibly under NDA.... This all makes no sense to me at the moment.
No Response from Dan .... I am wondering whether the BOD have signed an NDA with DB hence no communication to shareholders ??
Hi Oiltap...I fired off an email to Dan. Will let you know if I receive a response. :-)
Oiltap, maybe it was 2 RNSs because wilhelm as bought exactly the same number of shares as have his company, in which case 2 x 14.47% holdings. Just a maybe, because otherwise a correction RNS should be issued.
but have been keeping an eye open here as to what peoples thoughts are, and recently you have all contributed a great case of scenarios, but we are all still very much not certain due to the news blackout. I researched Wilhelm and could only find the below in English.
There is a lot more information out there but sadly written in German so I have printed a few pages and have arranged a beer this afternoon with my friend/interpretor.
https://www.marketscreener.com/business-leaders/Wilhelm-Konrad-Zours-06KC1R-E/biography/
Holdings of Wilhelm Konrad Zours
Name Equities % Valuation
Deutsche Balaton Aktiengesellschaft 63,370 54.4% 110,864,456 USD
Biofrontera AG (B8F)
Pharmaceuticals 3,419,796 7.67% 19,585,787 USD
Epigenomics AG (ECX)
4,887,347 13.6% 9,869,166 USD
PNE AG (PNE3)
Renewable Energy Equipment & Services 2,312,973 3.02% 6,425,092 USD
My conclusion is that this guy is a shrewd investor and not a guy who would throw £275K as a punt, although it does appear to be loose change to him.
The big question is, is this a bargain? At circa £150 per million it will certainly seem like it if/when they go back to previous highs, with works underway to move metals from inferred to indicated the $120m NPV will be history and our mcap is circa £2m. Follow the money comes to mind here, but something still doesn't quite sit right here.
GLA
@Bobby...What you are describing makes a lot of sense in my mind. That would also confirm what I have been thinking from the beginning. They are two separate TR1's. Which makes it a 29% holding which is just below the 30% which would force DB to make an offer to EUZ Share holders. As it is just below this threshold...I suspect they do not want to do that....Intriguing ...however to say the least !! So I guess they are busy effecting "transfers" to legalize their holding of 29%.... !! Obviously trying to do this quietly but too many eagle eyes on this forum. Wonder who c%cked this up ?? !!
Do not rely on the buy/sell indicator shown it is often wrong, for example this afternoon's 4.4m sell is actually a buy. However, don't trust big boys/ MMs / anything you read on a bb, is fair comment.
The one positive thing about this s.p price is that it is in the same ball park as what DB have bought in at.
I'm all in with my piggy bank and I don't want to risk any cash I can't afford to lose.
After this fiasco this is my last punt on this cowboy wild west exchange (some might say).
I am in this one till the asset gets taken over and I get (some) of my cash back.
I'm confident DB will not come out of this a loser.
Over and out Gla
How is it possible that the s.p can drop when there was a 2:1 ratio on shares bought/sold?.
The previous day there was a 5:4 ratio on sold/bought? .
Both red days ?.
As far as playing the big boys at there own game ............."don't report good news or the s.p will go up before we mop up" is one game big boys play.
Obviously my opinion only of what a cynical person might say.
Gla
Bobby, Brexit was not a brilliant idea, that’s precisely why no one can carry it out ! EUZ however is a valuable asset no matter how you look at it. I hate to spoil the party, but no matter who owns the asset, or how they are managing it, at some point that asset will stand on its own two feet, and with the sp where it is and other big investors circling, id say that time is imminent. You know what they say, but when the market says sell etc.........
@Magic...Surely.. as a public listed company using shareholders funds to invest in EUZ DB would have been compelled to have done a DD otherwise how would they be able to justify their decision to invest in EUZ to their Share holders ? AT least the DD would have been done to a "justification" level...which gives me more confidence in the Toral asset than any RNS's I have read to date from EUZ.
Oiltap - you have no idea what DD DB under took, Don’t pretend that you know what’s really happening you and bricks can only speculate. You trying to pass on your thoughts as gospel. IF you believed in EUZ you should have taken part in the placing and got your hands on some warrants .
I agree...The strengths far outweigh the weaknesses...Great Buy...IMO. ...at current price.