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.
Started: London153, 19 May 2023 13:40
Last post: Leo_IX, 23 May 2023 19:33
Now I'm out with a small but welcome profit I'd just like to ask London153 a question.
You've just seen the 82% majority shareholder destroy the investment of the other 18%. Once the company delists it will no longer be domiciled in the UK and enjoy whatever small protection that affords the investors. You will have shares in a company where the biggest holder, in total control, has already demonstrated contempt for his fellow investors.
Do you really expect to receive a dividend? Or even to see your money back?
Thanks Stew for sharing that! It's great to hear that, it's my expectation for IBPO to grow and keep giving dividends. I bought the shares on Trading 212 app. What happens when dividend is due? Do I get it through JP Jenkins?
And in case I leave the dividend and didn't withdraw, will IBPO keep adding up for me and put it towards more shares in the business?
Sorry for asking lots of question. I am new to trading let alone delisting. Your answers are valuable and highly appreciated.
So is everyone out that wants to be out or are you holding through the delisting ? I'm out currently but I must admit it's tempting to put my profit back in here for a free ride as I can't help thinking there may be long term value, really don't know
I asked a few brokers that question today and given there is no change to business performance (I.e they are still growing fast) there is no reason to expect they won’t pay the dividend. JP Jenkins trades with a few other delisted companies with special facilities like announced today for IBPO and confirmed it is very easy to buy and sell and even get fills. Just set your limits for the day. They also give price updates as well(ie last trade prices)
Hi TheTrotsky,
Thank you so much for your thorough response. I trade using 212 Trading, I am not sure they are a proper broker.
Kind regards
Mazen
Last post: HeresHopin, 23 May 2023 16:56
All gone pretty quiet here now it seems, best of luck to those that decide to hold after tomorrow. Unfortunately the board will disappear when the delisting occurs so hopefully folks find another way to keep in touch, would be fascinating to know how this plays out, sold at a small loss here I don't mind admitting.
Looks like we will be near £1 tomorrow if not higher
Interesting price action, also an almighty sale of £522K (value), I wonder if the increase on bid is the result of buyers wanting in before delist (it certainly can't be because of a huge sell!)
Could we see Tr-1 with AXA out?
Started: stew200, 19 May 2023 14:22
Last post: stew200, 19 May 2023 14:58
It’s also very easy to trade as well just ring your broker and give your limit level
Of course but at this valuation they are keeping the dividend and given the growth and valuation there will be buyers.
It is a matched buy/sell facility :there has to be buyers to sell :who wants to purchase shares in a delisted company?
You can trade easy with JP Jenkins and don’t even have to transfer most brokers you can buy and sell !! This will rocket when delisted and come under huge demand
Started: scmdcyp, 19 May 2023 13:38
Last post: scmdcyp, 19 May 2023 13:38
Fab looking good for this afternoon tick up.
Looks like bid just stacked it, today's gains gone for now
Feel free to check and refute the "synopsis" in my previous message; if any of the details are materially incorrect I apologise aforetime (I don't apologise for any poetic licence).
It's not my intention to mislead and the company can certainly volunteer to circulate news and annual accounts regardless of the Guernsey registry requirements but, without any stated commitment to that effect, there is no legal obligation on the company to do so, beyond what is set out in its Articles.
Feel free to step into the Black Hole at your own peril.
I've had a couple of UK-based companies de-list in the past and haven't heard a dicky bird since although I have, at least, been able to check their public filings at Companies House (they didn't make pleasant reading).
GLA
The Self-Appointed (TinPot) Sheriff ;-)
No, basically it is really de-listing.
A Matched Bargain Facility is totally different to a listing. There are no market makers. They are much maligned and I freely admit that I have no particular love for MMs (essentially MMs generally sc*ew you; the deck is always stacked in their favour) BUT if you want to sell (or indeed buy) the MMs will always generally offer you a price under normal market conditions (you might not like the price you are quoted but you get a price - you might have to discount the price to shift the volume but, for any given volume, MMs will generally offer a price).
MBF, on the other hand, has no MMs. You can offer to buy or sell at a price of your choosing BUT if nobody is buying (or selling) at that price (or any price) you have no deal; you are wholly reliant on a "mug" having a contrarian view to your own. I'm not being derogatory by referring to your counter party as a "mug". Essentially, what I'm saying, is that if you're looking to sell you need to find someone who, from your perspective, doesn't think the company is going "down the tubes" and has "further to rise". Likewise, if your looking to buy you need to find someone who, from your perspective, does think the company is going "down the tubes" and has "further to fall". Regardless, from your perspective, your counter party is a "mug". MMs by comparison are ambivalent and will generally have another buyer/seller in view (they have full sight of the book before they transact); they don't tend to hold long term and are risk averse.
There might be some "action" on the MBF after the shares initially de-list but after that there will be a total news vacuum (think of tumbleweed blowing through an empty, derelict town) which will make any decisions on whether to buy or sell virtually impossible.
Re-check the original RNS. Unlike UK listing rules which require companies to keep investors notified of any transactions that might materially affect the price of your shares, the company gives no commitment to keep shareholders notified of any transactions, trading updates or otherwise, other than those legally required by its Articles e.g. shareholder meetings. Also, there is no public filing requirement in respect of accounts in Guernsey; the company is not required to lodge accounts with the Guernsey registry for public viewing (check the Guernsey registry FAQ). Guernsey-based companies are required to lodge an annual validation report, which is I believe is available for public view on payment of a fee, but the information included therein is very basic and does not appear to provide any trading information. Other than the Guernsey registry filing requirements, there is no legal obligation for the company to circulate annual accounts its shareholders unless it's stipulated in its Articles.
I've bought in here at 34p and then because of share dealing delays and ended up topped up at a overall average price of 40p 20000 shares in total.
I didn't know what these shares will do before delisting ,through there's already a clear excellent profit ,
My thinking is that I'm owning a share that's worth more than 10 Times what I bought them for, and backed up by the obvious excellent growing earnings that's coming in, and with a very possible very large dividend payout history.
From here the dividend is the key to staying in here, with the fallback being it's biggest shareholder will sell the company or buy it all out for himself at the market average buyout price, it's biggest shareholder will have to ask a ordinary respectable bank to determine a fair price for the shares and buy the shares accordingly at that determined price, now that could easily be £3.50p or over £5 or more according to past online articles and reports, so it's seems to me a good gamble on the sum of the parts and risk, also the strong possibility of getting all your money back or even 10 Times your Moneyback so I'm staying in to see what happens here. Excellent opportunity in my estimation.
Please DYOR, never buy or sell on anyone's positive or negative forum post. GLA
Mags is back to render the board a mess of nonstop ramping, excellent
Started: scmdcyp, 19 May 2023 11:52
Last post: mrcautious, 19 May 2023 12:49
My advice is get rid of before it gets on JP Jenkins as this is a bit of a graveyard - though this must be one of the biggest Co's on JPJ
FAB worth a look today has good chance of a good move up
Started: RachelsDad, 19 May 2023 11:36
Last post: RachelsDad, 19 May 2023 11:36
Now realistically £2 minimum... ( imo)
I agree with you Mikey279 that we are just about to see some massive buying start this afternoon, and Monday / Tuesday could be fun!
Started: longtermjb, 19 May 2023 08:22
Last post: Mikey279, 19 May 2023 10:02
Indeed....anyway looks like the MBF will give it a decent re-rating IMO
This is crazy value whichever way you look at, I see big investors loading up here now as trading risk removed..growing business was 500p Dec 22, 400p Jan 23, no trading update in February so drop to 320p March 23 due to no trading update and complete silence from BoD obviously we’re mulling delisting. Then delist RNS March with no trading clarity after delist down 35p….now trading via MBF confirmed 60p to buy!
Why wouldnt it.... the dividend is 20p+ IIRC?
It's almost like every trade is sending it higher at the moment.....
Back over £1 before delist IMO
Started: Latino, 19 May 2023 08:15
Last post: Latino, 19 May 2023 08:15
Shareholders wishing to trade iEnergizer's ordinary shares following the cancellation of the admission to trading on AIM of such ordinary shares taking effect at 7:00 a.m. on 25 May 2023, can do so through their stockbroker. Trades will be conducted at a level that JP Jenkins is able to match a willing seller and a willing buyer. Trades can be conducted, and limits can be accepted, during normal business hours. Shareholders and potential investors can place trades and limits via their existing UK regulated stockbroker.
Started: longtermjb, 16 May 2023 08:18
Last post: mrcautious, 18 May 2023 19:13
Premier Miton also have a sizeable holding here just noticed...
I think they are long gone.
Those TR1's are from April and they've had loads of time since then to sell out...
Just seen that TR1, if Axa are sticking around with 5%, you won’t be bullied.
When it closed on the 20th of April it was 310p, then the RNS came out n the Friday and here we are. I jumped in too early on the Friday afternoon, balls deep, when I should have jumped in on the Monday afternoon and made a killing. As it is, I got back my losses and a bit of profit. I feel sorry for the the LTH’s here, they have have been royally shafted, and this is why that the LSE has no credibility, the system is fecked. This is immoral and he should be punished, I hope he does the right thing and honour the dividends and maybe a reasonable buyout for S/h’s, but I doubt it. GLA.
I was considering trading this when it peaked recently as was sad I didnt catch it, but now I'm glad ! The P&D crew are long gone and this is heading for illiquidity oblivion ! Legal fraud really !
A fair few buys this morning ca we see mid to late 50s today
Started: EarlofAim, 16 May 2023 11:52
Last post: EarlofAim, 16 May 2023 11:53
Worth a look at MKA rns
in bed with USA partnership for rare earth
just needs official confirmation
That's all folks!!!
delisting on 25 May
Started: RachelsDad, 16 May 2023 09:01
Last post: RachelsDad, 16 May 2023 09:01
I smell a twist coming... (imo)
Started: RachelsDad, 16 May 2023 08:37
Last post: RachelsDad, 16 May 2023 08:37
You don't hire a Bus driver without a Bus.... they must be expecting a flurry of contacts for some reason! Jim is in the UK... that's interesting in itself.
Started: RachelsDad, 16 May 2023 08:11
Last post: Kwota, 16 May 2023 08:17
Exactly....so weird. Why appoint someone to look after investors relations when you are not staying on the market and the main shareholder owns 85% of the company?
Something fishy going on me thinks....but not going into conspiracy theory mode just yet :)
Why?
Started: BurtonD, 15 May 2023 09:15
Last post: Kwota, 15 May 2023 16:24
Tomorrow is going to be interesting. I'm sure the vote will go with the delisting, but it will be interesting how the market react. Will be have a further dip and then it comes back up or will it stay relatively level, or even rise..... I guess we will have to just wait and see
Generally I intend to buy in for a longer time period and personally I like to trade a bit and hold a Core for the medium term........hope it works out here......but if I'd bought in less than a year ago my shares would have cost me 10 x today's cost.....and/or I'd be down 90% odd....whatever way I look at it! Picking up the fallen knife off the floor?
I hope so! my little stake affords me 10x the holding than a year ago!
GLA
Thanks BurtonD.......I had previously executed two buy and sell trades in IBPO (made 10% on one and 1% on the other).....£50 profit..after costs......chump change for fun really and a few beers...lol
But yes sure the de-listing will go ahead...and the company will remain even more profitable I expect and dividends will be paid I expect...and eventually someone will want to buy my shares I expect.
Expectations may not be met......but I've decided to buy in.....and probably hold......or if/when they double from today sell half for a free carry on the other half and hold long term.
Worst case I lose my stake but see that is more unlikely here than a lot of other AIM shares I hold on in hope of (perhaps one day).....so I'll take the risk with expectations met or not!
GLA
“…The risks for shareholders holding on, or considering taking a stake, are clear. But there is the tantalising possibility that the boldness of those who do may be rewarded…”
https://total-market-solutions.com/2023/05/ienergiser-ltd/
Started: Kwota, 15 May 2023 13:36
Last post: scmdcyp, 15 May 2023 13:37
Yes and a couple nice big buys mixed in 30,000 buy just sneaked in
O, here we go with the small little buys again. Last time this happened the price went up by 30%
Started: chasbrown, 11 May 2023 17:02
Last post: scmdcyp, 12 May 2023 08:43
Mikey279
Yes your right I was watching this closely yesterday it moved very quick with some good buys going through early afternoon.
We must get back around to 80p soon I would think.
It can move very quickly once you get a run.
The price action yesterday suggests they're out... probably started housekeeping yesterday hence the dates, expecting another TR to show below 3%...?
It is very wrong but what is clear that has held the price back. Very crooked but we should see a nice uptick.
2 Weeks ago we was almost mid 80s this will move upwards now.
Some good chunky buys going through.
I am sure we must test the 80s by Monday, We all know that this can move rapidly so the £1.00 plus mentioned on here could materialize sooner than we think.
As there is such a free float it moves fast.
I really dislike these delayed Tr1s, shouldn't really be permitted. Talk about a crooked system.
AXA must be out now... the late TR1 - should really be in the £1s remember it opened at £1.90.... delist yet but dividend at 20p+??
All IMO could be wrong
Some nice blue today hopefully a nice rise.
Can we see late 60s early 70s today.
Should see a nice uptick tomorrow 70s range possible 80s.
Last post: Kwota, 11 May 2023 15:58
2 large trades gone through just after 1:30 pm. Must have been buys as the price went up quite a bit after that.....
Be great to see it hit 60p today that bodes well for tomorrow's rise.
Lets see how the afternoon goes.
Started: scmdcyp, 11 May 2023 13:47
Last post: scmdcyp, 11 May 2023 14:18
Latino
I think we will test the 70s /80s tomorrow.
I say tomorrow when this moves it moves extremely fast.
Looks to be warming up for an interesting afternoon..
I sold out last week as I need the funds, I bought in again today I was confident that it would test the 70s/80s before voting.
I was told on here that I was talking rubbish.
When this moves it moves very fast I can see it doing 70/80 possibly by tomorrow afternoon.
Still time for something to happen.
Lets see how it goes.
Fascinating to see how this plays out. I only have a small holding in my HL account. May sell most prior to delist but happy to hold a few out of curiosity.
Will we see a nice push today and tomorrow to get us back into the 70s /80s range looks promising.
Last post: scmdcyp, 11 May 2023 13:12
I have gone back in today seems a fair bit of interest, It may test the 70s /80s by tomorrow.
Moving up now
Probably best option now.
This is heading for de-list, meeting on 16th is a mere procedure and it's obvious that other bigger shareholders are selling out as thet have no chance against a cheap takeover after de-list from the main shareholder which wants this as low as possible.
Once de-list It's far easier and cheaper to buy out the remaining shareholders.
It's a shame but it's how things work.
Buy high sell low
Oh well my predictions were out unfortunately for me and others I’m out.
Souvlaki is it because it’s raining, it will be ok at the weekend to get the BBQ out .
Who babe is a Moron
You’re a moron
I'd best take over then
Looks like seller out......
Was in at 69 out at 47 I am not to proud to admit my error, I’m sure now I am out it will go up but hey Ho that’s the stock market.
I’m off good weekend everyone.