Firering Strategic Minerals: From explorer to producer. 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.
"Buy" recommendation in today's magazine. A fair share price is estimated at 97p so lots of upside.
Given it is not a good price the shareholders might vote it down. then there are transaction costs albeit those will be relatively small, then there could be tax and I'm still not 100% sure (as this management team is woeful) if they really mean free of all encumbrances. But biggest risk is that the larger institutions say no and replace Board and management team - good thing - and try to extract a decent amount of value. That bit tacked on the end about current trading is just plain idiotic. These are 25 year assets for gods sake so what does three months matter. They are all new so will have availability issues and commissioning issues so to say that, in perpetuity, our cashflows will be lower is idiotic that unless they have built lost of bad wind projects!!
I won't be listening to ST anymore that's for sure
Well, I will probably finish about £15k down on this one. Not one of Simon Thompson's better ideas!
Yes, you're absolutely right when you say "...you never quite know with the Indian tax authorities..." Just ask Cairn Energy about that!
There will be tax - prob not that much because I doubt there is much of a gain against original cost but you never quite know with the Indian tax authorities plus transaction costs. More generally because the upside is now clear and limited people are bailing out and taking their money elsewhere to get a return and so the price is under selling pressure. I would guess the distribution to be prob in the 85-90p range but it is largely dependent on the unknown tax.
With a sale of the business at £162.8 and no further debt or liabilities, by my calculation that works out at £1.04 per share. So I don't understand why shares are being sold at less than 80p. What am I missing?
Well that was a disappointment. What are we missing?
Just read again and I think you are right. Also think we are being screwed bluntly. So what if they had a bad period. These are 25 year assets.
"Greenko today announces that it has signed non-binding heads of terms with GIC for the sale of all of the Company's shares in Greenko Mauritius for a gross cash consideration of approximately £ 162.8 million (the "Disposal"). The Disposal if completed would result in the sale of the Company's trading activities and assets, which comprise the development, ownership and operation of clean energy projects in India together with the release of the Company from all associated financial liabilities including debt and associated minority interests." Seems quite clear that the gross proceeds will result in no further financial liabilities.
I'm wondering whether out of the proceeds you need to knock off the GEF convert? Now that wouldn't be great for net proceeds to us.
The business of Greenko is being bought out by GIC for seemingly a 25% premium. They don't say what will happen to topco but I assume it would delist and be liquidated once the proceeds are distributed (or possibly remain as a shell for an RTO. A great pity that effectively private equity has nabbed a company just about to really get going. I would be interested to see the reasons. They say that the first half results will be weaker than expected but that is no great surprise or worry. It is the second half that matters.
I think (think) that is right.
Does this mean Greenko is getting out of the business for approx a 25% premium to the current sp as a cash distribution, if agreed by all parties?
Well I could have worked that one out! I assume given the year end has changed to December then the half year to June will be announced maybe August or September - given they don't have to be audited the interims will be quicker. So at a guess I think early September in the normal course that unless they are delayed by a deal on the loans.
Wonder when the results will be announced? They are extremely quiet at the moment, not even talking to investors or analysts and so one might imagine they are either working on a cure for the loans else are working on something else strategic. We will see.
May i suggest that you just go away and stop making stupid comments, like ''junk''. If you think its ''junk'' then why are you asking.
If your intrinsic value was higher than 70.8p - which presumably it was as you were prepared to pay 70.8p then why did you sell at 57.5p? You should have bought more at that price all other things being equal. Beyond that I cant help you.
I bought that junk at 70.8p a month ago and from that moment it started falling for 2 weeks so sold at 57.50 on 20 July with 20% loss. The very next day on 21 July it started rising and now it's 80p. Typical. Should I buy I it again? If I buy it will start falling rightaway but if I don't buy it will rise to £1.50 or so. Could someone please tell me if it's too high now to buy again? I just need to recover my physical money loss from 20 July. It seems impossible to make any gains on these shares.
originally .. the price was at 170... and predicted to go higher.. a lot of water has passed under the bridge now and having averaged down a number of times... thinking the lowest point had been reached.. I'd be happy to just get all of my money back... ..
of breaking even... when/if that time comes.. will I stick .. or twist... that's the Question !!
Very insightful post of yours though, thanks very much
Are we not up today?
GKO RE: tick tock 17 Jun '15 Why the hell did I invest in this piece of ****e JohnGould Posts: 330 Off Topic Opinion: No Opinion Price: 73.00 View Thread (3) RE: GKO Tue 17:24 Obviously fill your boots FFS!
Classic! That did make me laugh.