The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has 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.
Imho I would say a good buy /position increase would be around the all time low of 2.80p. I would expect some kind of bounce from there, but in general there is nothing on the immediate horizon to get excited about apart from Kight possibly increasing his position.
We should force a resolution through where monthly pay cheques are replaced with shares only, that will either incentivise the board or lead to mass resignation. Probably the latter looking at how little skin they have in the game
Im hoping kights tax incentives for buying Evgen far outweigh his paper loss, I estimate it's over a million.
If you’ve held out until now, it’s probably pointless selling out at this stage.
Only saving grace is that $10 million dollars due in a few years, mind you, it would be more cost effective to buy out the company then pay out at this stage.
Still, we now have a very expensive top heavy board eating their way through the cash reserve, but if they can prove their worth and find a few more Kights it might be money well spent.
Bound to be a bounce up soon
Yes if the CEO and his fellow directors can't be bothered to support the shareprice or even attempt to, either by putting in their own money or going on the road and trying to drum up support, then what's the point.
Kight seems to have given up as well.
I thought I was in at a good average at around 6p but clearly not. Can't keep averaging down so it will be a case of when sentiment changes for some buys to come in.
Waiting to see if the directors buy in at this crashed level with their own personal money but if not the message is very clear for me on what I need to do next which is to get out when possible.
Shocking shareprice performance since Huw and his C-suite appointed. You would think all those institutions and HNW's who loaded up in the placing at 8p would be breathing down their necks, unless they've just written it off?
Yep, no news, no PR apart from that stlited pointless Proactive interview last month, and of course no buyers.
One wonders what exactly Huw and his C-suite do all day.
This is starting to look horribly like a dud bio tech......
No news......so every day a few more sells as small punters give up.
"For the benefit of Mr Kight
There will be a show tonight on trampoline.
etc etc........
In this way Mr K will challenge the World!"
Sing along it will cheer us all up!
https://www.barclays.co.uk/smart-investor/news-and-research/stocks-and-shares/should-you-hold-aim-shares-in-your-isa/
"There are other tax advantages for AIM investors, whether or not they hold their shares inside or outside an ISA. Most AIM stocks are exempt from inheritance tax (IHT) if they’ve been held for more than two years, and depending on individual circumstances it may be possible for AIM shareholders to qualify for the income tax and CGT reliefs when held via an Enterprise Investment Scheme, or through CGT Entrepreneurs Relief."
The IHT threshold of £325k has been frozen for years, and more and more estates end up paying 40% IHT on the money above the £325k threshold. There are funds that try to exploit this loophole.
On death, capital gains is reset, so no CGT to pay.
So, granny has £400k in assets, she can buy £100k worth of AIM shares,
not die for two years, and the £100k will be free from CGT and IHT. when she does passes away.
So, another possibility is, Mr. Kight has cancer, and the doctor gave him two years to live.
If EVG stays where it is, so £2m is still £2m in two years, he saves 40% IHT on the £2m, that is £800k.
If EVG 20x bags, there is no CGT, that is £40m tax free to his heirs.
Doesn't have to be inside an ISA, either.
Speculation as to why Mr Knight has invested, and continues to invest, is simply that - speculation
No-one knows why I have invested here (and maybe I'm not sure myself!) and I certainly haven't a clue why others have. Maybe each of us thought there was good value and a hope in product development at the time we bought in. I'm hanging in anyway
GLA
Looks like Kingalf's boyfriend has turned up.
No he is not. But you appear to be doing so.
He is naming a person and posting a slur on their character suggesting they would seek to avoid tax
For the record. Tax avoidance is legal. Tax evasion is illegal.
Kingalf has NOT suggested Mr Kight has acted illegally.
Go read what you wrote you described it as exactly that. You need to stop posting things that you don't have any facts about and are completely untrue and false
Without wishing to repeat myself
"I'm not saying it's a tax avoidance scheme, his tax advisors are working within the rules"
Kingalf Word of advice where you post in a public forum a name of an individual and suggest they are taking part in a tax avoidance scheme this is probably not a very sensible line of posting you may want to check this out with your solicitors
Your the only that is deluded here.
I'm not saying it's a tax avoidance scheme, his tax advisors are working within the rules.
Unless Kight is intending to make an outright offer for the business and then use it as a shell for his own activities, I can't see any other reason apart from the tax angle as to why he would invest such a large amount of money in this company. Without wishing to repeat myself, the board members would be hovering these up if they really believed in their product. It's either a takeover or part of a tax scheme. If it is an outright punt, the guy seriously needs to change his advisors.
Kingalf This is what HMRC say about Tax avoidance:-
"What tax avoidance is
Tax avoidance involves bending the rules of the tax system to try to gain a tax advantage that Parliament never intended.
It often involves contrived, artificial transactions that serve little or no purpose other than to produce this advantage. It involves operating within the letter, but not the spirit, of the law.
Most tax avoidance schemes simply do not work, and those who use them may end up having to pay much more than the tax they tried to avoid, including penalties."
You are quoting is if its a fact "Anyone thinking kight is buying for any other reason is clearly deluded..
I know as a 100% FACT. MrKight is not part of any tax scheme and that all his shares have been bought on the market over a period of time and what your are writing is quite simply not true.
baf3 think about it, you have a whole industry out there looking at ways to mitigate your tax liabilities through complex legal tax avoidance schemes, therefore it may not be EIS scheme itself, but a similar one.
Anyone thinking kight is buying for any other reason is clearly deluded.
Another certainty is that someone has managed to buy over 10% of the company and the shares are still going down, where would they be if Kight hadn't invested???
Kingalf post the legislation that says AIM qualifies for EIS relief.I believe quite simply that this is factually incorrect. At which point your credibility is shot to pieces. It boring to read such pathetic misinformation
ontarget - please apply some basic logic, its definitely some kind of tax scheme where he can offset his investment against current and future tax liabilities. There is absolutely no other reason why he would build such a large position in a very high risk company especially in an area where he has no experience. Think about it, the members of the board won't touch the shares with a barge pole, are we really expected to believe that a complete outsider has some kind of inside track on this company.
Does Kight not have the same CGT allowance as everyone else then?
Evidence please, if you have any.
The EIS doesn't apply to buying on the open market.
Silverknight - kight has invested under something similar to Enterprise Investment Scheme, which allows him to offset current tax liabilities and minimise potential capital on his holdings. Maximum amount they can do is £2 million which I think he has now reached.All we need now is a couple more kights to come out of the woodwork to absorb more of the free float and we should eventually get a solid base on these.