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.
Every day that passes without comments or Director buys makes this look more like a scam set up don't you think? It's amazing what the FCA let main list companies get away with in the UK. No wonder a huge amount of properly run companies are moving to the US as they don't want to be associated with the collapse of the UK stock exchange. Pension funds have almost abandoned their new investments in UK listed companies in favour of US markets. Says it all really! Adyor!
https://www.standard.co.uk/business/london-stock-market-shares-crisis-new-york-financial-centre-city-exchange-lseg-fse-100-b1147995.html
Tuffax, the Genius has done a disappearing act like he always does!
"I'm here to pump up the price! 😎"... "oh no, my pump is failing 😱"...abracadabra🪄.... "and now I'm gone! 💨"
Have to do another share consolidation at this rate
We’ve all been sold a dream here and what we’ve got is a shambles and a scam ! The FCA should look into this company immediately! It’s going under before a bleeding plant is grown ! Purely shocking from the board !!
Where is our resident genius today to enlighten us with his pearls of wisdom
I’ve got no choice but to hold - investments in held can down as well as down !!!!
None of the BOD are buying shares in the open market despite the 98% fall in the SP that they have caused...'Inactions' clearly speak much louder than Words!!!! What are they afraid of???
Like many posters on here, I’m under water with my investment, but the fundamentals are still there, and I’m happy to hold.
The EU grant came through in Jan 2024 (abt Euro 300K) for a project that .." aims to identify the critical technology gaps and invent, optimise, assess and demonstrate the key enablers for optimised Artificial Intelligence ("AI").."
What became of the Greek grant?
This is what was said in July 2023....RNS about the robust acton to preserve capital, not to dilute shareholders and yet 3 months later the company is totally potless and getting an awful loan from Riverfort...someone appears to be telling porkies don't you think? 🙄
Davinder Rai, CEO of Hellenic Dynamics, commented:
"Given our concerted effort to preserve capital and build a platform for growth for shareholders, as per our announcement dated 6 June 2023, we have previously made significant savings in the procurement of construction and equipment, thus we are in a position to repay this CLN without any dilution to our shareholders. Further to the Company's previous announcement dated 13 June 2023, the Company has also made an application for two grants both domestically in Greece and at EU level along with entering into advanced discussion with a well-known financial provider to support the acceleration of our contract cultivation PODs by way of a capital financing instrument.".........
.."People are clearly forgetting the 1m EUR loan over 15 years at 3.5%, this is accessible in June.."
H75/IG
We weren't told when this loan would be available when it was first announced in April, we learned of the midJune target date only after the emergency placing a fortnight later :
.."The proceeds of the Placing will be used for general working capital purposes up until the €1 million loan facility, announced by the Company on 22 April 2024, is received by the Company, which is EXPECTED to occur during mid-June 2024."
Then last week we learned this, about the earlier Riverfort facility ($315K principal + interest still o/s) :
.." Under the terms of the [Riverfort] Facility, the Company was required to maintain sufficient headroom in its share authorities to be able to satisfy the outstanding balance of the Facility by way of the issue of new ordinary shares in the Company, if not repaid in cash."
HELD has implicitly acknowledged that the Euro 1 m loan may not arrive, or may not arrive in time, because it has agreed [= been told by Riverfort it MUST] call a meeting 'to be held no later than 9 August 2024 [ Ed.: ie 90 days grace] in order to seek to pass resolutions to grant the necessary authority free of pre-emption to enable the Company to meets its obligations, unless the Outstanding Balance has been paid in cash, pursuant to the covenants in the Facility and to provide the directors with suitable capacity to allot shares as required from time to time..."
In plain English : HELD is calling a meeting [at Riverfort's insistence, my guess] to get authority to issue more shares in case Riverfort isn't paid off by the Euro 1 million loan.
Riverfort clearly doesn't share your confidence that the new loan will come through.
Now ask yourself : why would a new lender agree to disburse (unless unavoidably required to do so), when 1/3rd of its money would be going to pay off another creditor, not to be productively invested in the business ? And - given the visible, known uncertainty - why would an insurance company agree to be on the hook for Euro 1 million for a measly 25K insurance premium?
'Splain that to me like I'm a 7 year-old.
GLA
This isn't a big fat Greek wedding, it's gradually turning into a big fat Greek scam don't you think? Oh dear never mind, where have all the rampers gone?
Two things guaranteed in life:
1. Taxes
2. Investing genius calls it drastically wrong lol
On a hot summers day the lemonade salesman arrives just in the nick of time for some parody gold . Do us a favour and go ramp elsewhere
A big fat C.O.N. don't you think?
Some buying interest now. Maybe we've seen the double bottom. Lots of room to run higher if Davinder can deliver something of substance
People are clearly forgetting the 1m EUR loan over 15 years at 3.5%, this is accessible in June. RF will be paid off and terminated. A positive business update and suddenly everything could look far rosier
Wrong again. It's colser to 1.5p.
I think if this company was listed on one of the main exchanges in the USA the SEC would be looking into it considering all of the statements and dealings going on in the past 12 months that have resulted in investors from the IPO losing over 90% of their investment capital. The UK FCA are a complete was of time that is why companies are leaving the UK in droves, it's so bad the chancellor is panicking. JMO Adyor!
https://www.standard.co.uk/business/london-stock-market-shares-crisis-new-york-financial-centre-city-exchange-lseg-fse-100-b1147995.html
Raj a lot people are waiting for you to die before returning. Please just think about it.
Lol, handgandhi and a few other rampers have suddenly changed their tune now they realise they've been had by Held management...no rules on LSE, it's as bad as AIM..no wonder hundreds of companies are quitting UK listings...the LSE exchanges are finished imho.
https://www.bbc.co.uk/news/articles/cl5k58x9g83o
I agree with you Magoo.
Such a convincing pitch from our CEO, but no apologies for his failure to deliver.
Promises broken, as is my faith in him.
I think you are underestimating our genius advisor...May I present Investing Genius and his amazing crystal balls 🔮 🔮 ...
If I wasn’t down 86% - I’d laugh, I have no confidence to average down - this is going all the way to the receiver - I hope I’m wrong , walking out at 50% down would be a bonus ?
For proof that moron has no clue what he is talking about ,just read through his nearly 20k of posts and see how many came to fruition. If he was to believed the ceo if Pfizer was having tea with held while watching the Sept harvest being weighed all while rf was being thanked for such favourable terms and not diluting the sp . He is a ramper who would drink p1ss and tell you its sweet lemonade
I'm hoping IG is right & this is the bottom, have finally managed to average down to 3p on this dip :)