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Dave: we all have lost money including you but we need to make decisions on recovery plan. I won't go into the age old discussion of who was right and who was wrong.
So as we stand here at SP of just over placing price, I believe that it is deliberate move by Peel and others until the placing is done on 1st October. The question is where will we go after that. We are expecting two CE mark news. Possible scenarios:
1. AIHL approved: we will go up a bit but unlikely to be above 40p. This is most likely at the moment.
2. POC approved: sp spikes but unlikely to reach 100p.
3. POC not approved/delayed: we go back down to this price again.
4. Both gets delayed: God knows what happens. Possibly preCovid Level of 10p.
So the difficult time will be between 1st October till the CE mark news. I think the brokers will let it go in any direction. Looking at the market trust, unfortunately I see more reds.
So the question is what do YOU think is the best option. It looks like you have no trust in the company. Are you willing to lose more and stay or look for alternatives?
I question Preefty has made his mind up. For me I am not sure. One option is to move money somehere where some gains are imminent ( like ODX etc) for next 3-4 weeks, hoping to recover some losses and jump back in after the placing. Another gamble!
'I guess' not 'I question'
On lighter note, our friend MyLuck has bought ODX! That shows the confidence.
Starr: POC needs CE approval. How can they launch it on 1st with certainty. Have I missed any news there?
Sally be careful with where you put your risk, maybe hedge it and find another. #odx is really being manipulated - ive watched it on charts for almost 18months - take care
Hendy: I was just giving an example of ODX. I am sure there are tons of other companies.
Cool ;-) its had loads of false starts
Sally there are currently opportunitirs in the market i am looking at, but sitting on a loss of £40k i need to be careful about not compounding my losses. My trust in DB and this company has gone long time ago as you know, however i was looking at selling at breakeven in the Summer on a POC and AIHL spikes, hoping there wpuld be a decent intial uptake upon launch. However you know what happened after that, POC got delayed for the 3rd time as did AIHL whilst this shower of a placing was being discussed so ruined my exit strategy. I would like to sell a bit higher or average down so i could get out earlier, but like you say if we get any more delays the only way is down. Given the performance of DB, i don't see the market getting as excited as they would on CE news.
Bigal £75m sales incoming on a fishing rod, no pressure. Great tine ahead for GDR sgareholders you bufoon lol
Personally, I wouldn't prefer another AIM, especially ones not generating any income. If you are happy to wait then there are better deals with known businesses like NEX, HYVE, CINE, TUI, EZJ etc etc. You will atleast double your money in 1 year.
There will always be Cardano, Shiba Inu and Doge to try, if you are brave
Sally be careful with ODX, it's been just as bad GDR in terms of delivery, though they have a business outside of Covid. There are some cheap shares out there at the minute, 4D pharma being one i higligted the other. Directors heavily invested and currently 40% below last placing price where directors invested $2m between them.
@BigAl67 - I don't want to cause offence but I really do think you are missing the point when you urge people to join in the OO and buy at the same '40% off bargain price of 25p' that was given to the ii's. Under the OO we are only "allowed" to buy 2 'cut-price, bargain-basement 25p shares' for every 7 we held on 14th Sep and in doing so - more NEW shares would be created, resulting in a greater number of shares as a whole and thus (whatever the mcap, up or down,) the value of each share would be less as a result of that dilution. However - with the price as it is at present - (virtually the same as the placing price anyway,) we can buy as many as we want/can afford (not just 2 for every 7 already held!!!) and WITHOUT bringing new OO shares into play so therefore avoiding any dilution and associated decrease in worth of each of the shares that we currently hold! We couldn't really avoid the introduction of the extra shares and resultant dilution in the case of ii's as the co. needs the funding but why would you want to further dilute by taking part in a 'restricted purchase number pi OO' when you can buy ANY (unrestricted) NUMBER on the open market, FOR VIRTUALLY THE SAME PRICE and WITHOUT DILUTION AND CORRESPONDING DEVALUATION. It would be madness! Obviously, the situation would be entirely different if the open market price was a fair bit higher than the OO price - but it's not! I hope I've explained that properly because it just doesn't make any sense at all (at least not to me,) to even consider the OO.
The oo is actually nonsense. The share price will be below 25p soon anyway. Why would you even think about it?
The only positive is that budd must have some rns queued to make his city friends some profit from 25p
My view is the bloke is the bloke is a real incompetent. Rarely seen. How can you not sell covid stuff via beckman in a pandemic lol?
Completely useless c u nt
Not sure were the SP will go, but agree with the current sentiment about Budd
I WOULD’T TRUST HIM TO RUN A BATH
I think you are spot on blox, I can't see how increasing the number of shares in issue will benefit anyone as we can buy them at virtually the same price without impacting the mcap.
It’s the company being ‘kind’ letting us in on the same deal as the II’s. The problem is that there’s no real benefit in taking part when you can buy on the open market at virtually the same price. It’s actually worse for Pi’s overall taking the OO.
This is a crucial understanding for PI’s to have.
Of course if the price rises between now and the deadline to take up the offer, then taking up the OO would be understandable.
Each to their own though.
They'll need to have something good up their sleeve for sure. I think the Indian approval RNS saw the highest volume day at 11milion+ traded. They'll need to keep the flow going to clear 24m, especially when the traders et al jump in. That said they managed to keep it going for weeks when GHIF were exiting and SP held up extremely well. Will be an interesting watch, hope its blatant and lots get arrested.
I’m buying on the open market.
Best of luck everyone - each to there own!
Just to share my understanding, I believe CE marking is a self-certification.
If they say they’re aiming for October I cannot see it coming sooner.
My hope is that Budd has a carrot up his sleeve and had used this to dangle in front of the institutional investors. Mid October or November, they get there money back…and some…and the pi’s get above water.
I’m in so deep the jelly fish are stinging my arse!
Blox- i've explained this to Bigal already, but the fishes have eaten his brain. Any PI buying the OO ate shafting themselves, and giving more miney to Budd to pay bonuses hence it needs to be ignored. But it is clear Bigal and LTH are in some way affiliated with the placing/company, as tgey have been pushing the OO and placing hard the last few days.
Even if the share price was 50p there wouldn’t be any point in taking up the open offer, except to help fund the company. I’ve only worked this out roughly in my head but if we’re able to buy 2 for every 7 we own, and if the total new shares issued will be 18m then the dilution to our existing 7 shares will cancel out any gains from the 2 @ 25p …it would only be worthwhile I think if the share price gets up much higher - like way over 50p.
My thinking is they are cheeky buggers. Plus they ought to be able to make some good revenue over the next 12months so don’t actually need it. Without the open offer funds they might be encouraged to try a bit harder to sell their tests. So I’ve decided I’m not taking the offer up… unless in the days before the deadline the share price is over 50.
Jimi: the only way to stop placing is to vote against it on 30th Sept meeting. If we do then the BOD will scare you of imminent collapse of the company as they have said in RNS with funds running out in 4 months.
It will not make any difference if you take the offer or not, there will be others who will request more shares than they are entitled. They will let the SP rise to few pence above 25p to attract the buyers. They will dump the excess shares as soon as they get it, even with 5% profit. This is usually the reason why the SP drops below placing price in following days.