Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Great to see Kelso have the confidence to buy back their own shares for 20% discount to last issue.
I wonder if that's going to be RNS'D Tomorrow as more shares bought?
PS I was only jesting on the book being the reason for the Kelso stakebuild in The Works.
Their full logic was set out at the time of their first stakebuilding RNS.
Given the way Taylor Swift's Eros tour has been drawing in huge audiences in both Concert venues and the many Cinemas showing her tour performance around the globe it's quite pleasing to see The Works are highly current and have picked up on the trend. This one could have been the convincer for Kelso's stakebuild and I think it might end up being a candidate for one of its own best sellers this Xmas and an excellent and affordable Xmas stocking filler, even a jokey one, for any of the many Swifties out there.
https://www.theworks.co.uk/p/adult-colouring-books/taylor-swift-colouring-book/9781913004873.html
Although it may come across as a pardon the pun, actually as an indirect shareholder in WRKS I'm going to "pencil" in a Saturday visit in the next few weeks just to check out what's in stock and how busy things are. Doing own dyor. May even buy a couple of these myself to gift to younger family members or to a local charity shop for Xmas.
Moniman if THG Nutrition gets seperately listed in the US, as Matt Moulding and the Telegraph have recently indicated then the share @THG should probably double the sp you think they should exit at - and then leaving two other large businesses also there to realise their true value. (Ingenuity and Beauty)
I do agree with you though that the buybacks here are an excellent idea and should continue. It defeats whoever has been trying to suppress the share price price (I think Spreadex). It creates a floor and lets them cancel the shares whilst at the same time bagging an instant 25% gain against the placing price on their money. And then the seller runs out of shares...or a capital event occurs... Effectively they are investing in themselves as their 4th Investment.
Patience...
Thg on the rise again but never affects Kelso SP. Good to see share buyback this early and another investment in TheWorks. KELSO BOD are very active it seems. Personally I would prefer if they dumped the remaining THG shares for anything over 105p again as MM appears prone to irrational outbursts on social media.
Fresh RNS.
Fresh RNS.
It would be better to see the spread a bit closer, 20% is far too large.
Makes perfect sense Brewman.
If you raise £3M @ 2.5p then why not buy those shares back @ 2p and then cancel them.
Especially if you have faith in your own investments and discipline.
Yep. Fresh Rns. 3mn shares purchased on Friday at 2p. 1% of shares off the market now.
2mn shares traded yesterday at 2p. I wonder if KLSO took them?
Personally I'd sooner they keep snaffling up shares off the free float for a bit. Prop the share price up and await news over at THG.
I agree, it only cost them £7,000 a small amount to repurchase considering they made £600,000 selling part of their THG investment. I wonder if they will be tempted to buy back in THG at the current low price.
Putting their money where their mouth is and taking shares back at a cheap price. Such as they ask The Works to. A good move and hopefully they can carry on doing so.
So now they have invested in their own company. And why not.
I wonder if they will be writing themselves a little note and publishing it for the world to read?
I'm confident KLSO know what's in the pipeline. They're a group of knowledgeable and connected experienced CEO's. They'll know something is afoot.
They've just diversified their portfolio. They won't throw away a big win because Moaniman said to.
Kelso should just dump their remaining THG holding as still well in profit overall considering the 25% sale at 105p. They could then use the money to buy more of existing holdings or another couple of distressed companies..Whilst the deluded one is running things at THG, I don't see any value in the medium term. Jmo.
A seperate listing for THG Nutrition
https://www.telegraph.co.uk/business/2023/10/15/thg-us-float-myprotein-nutrition-business-matt-moulding/
Seems to be a lot going on at THG atm what with a move into:
220 of the larger Sainsbury's stores
Product into 50 Decathlon stores
Product into the 18Gym chain in Romania
The opening of the MyProtein Kitchen, concept Cafe in manchester on Sauturday.
MyProtein has to be the one for the seperate listing.. It alone and THG as a whole are both soooo undervalued.
Ste2000 I think you maybe need to hit the buy button on Kelso (if only as a dummy trade) for if you do you will find you are not buying into a Fund with the Fund management fees on top. As such and all you end up paying is the offer price that is quoted + 0.5% Stamp Duty + your platforms purchase cost. It is absolutely no different from buying any of the 3 they have invested in. You pay exactly the same if you buy into THG - but your risk isn't spread 3 ways.
Additionally the Board of Directors don't take salary and are in a share incentive plan instead which only is effective if they grow the share price (considerably).
Yes also they are entitled to take profits on the shares they have, same as anyone else and they have everyday office and the likes of accountats cost to pay. Looks like come 30th November they will be picking up a 3.1p dividend @ NCC. Unless like at the Works, they successfully campaign to have it replaced with share buy backs.
No problem with anyone buying all 3 stocks they invest in instead as hopefully that raises all the respective share prices, and ultimately Kelso's as well, whilst in the meantime they work their magic on achieving the bigger prizes on each.
Nothing wrong though with them spreading risk and looking to multiply the number of active scenarios they have.
You miss the point. Kelso buy in to these companies before they announce it to the market..and they are spreading the risk, they are entitled to make something for their research.
No point buying Kelso, shar price doesnt move, no dividends and you can buy the 3x companies they invest in yourself without paying high fees
An adept acquisition to the Kelso Board and that described skill should come in handy now there are at least 3 missions on the go.
https://www.thebusinessdesk.com/northwest/news/2122238-thg-and-ncc-stalker-kelso-hires-expert-in-%e2%80%98executing-successful-campaigns%e2%80%99
https://www.linkedin.com/in/sarahrajani/?originalSubdomain=uk
@..GTC
Why you think I've paid 4p is beyond me
I think it's interesting KLSO have chosen a second company with separate divisions.
Possibly angling for the spin off into KLSO in the future? As was hinted for THG Nutrition early on.
Kelso Group Holdings Plc ("Kelso")
Investment in NCC Group Plc ("NCC")
Kelso, the main market listed investment company, announces that it has made an investment in NCC (LSE:NCC), having purchased 1.0 million ordinary shares at an average price of 108p, representing 0.3% of the issued share capital of NCC.
NCC is a London listed company, with a market capitalisation of £347 million, with two divisions, Software Relience (Escrow) and Assurance (Cyber Security). Operating across Europe, North America and Asia Pacific, employing c.2,000 people, the group for the year ended 31 May 2023 had unaudited revenue of £335.1 million and Adjusted EBITDA of £41.4 million.
Software Reliance (Escrow), is a Global leader, providing software escrow services to businesses, protecting the development, supply and use of business-critical technology and software applications, with unaudited revenue for the year to 31 May 2023 of £64.3 million. Assurance (Cyber Security) operates in the global cyber security market, which expects CAGR of 10% between 2022 and 2027, as the global cyber threat continues to grow. The business provides cyber security consultancy services as well as managed services to businesses, which includes continuous detection and response and other cyber services, on a contract model, with unaudited revenue for the year ended 31 May 2023 of £270.8 million.
Having previously initiated a strategic review of Software Resilience (Escrow), on 22 June 2023, as part of the post-close trading and strategic update, NNC announced that it had stopped the strategic review of the Software Resilience (Escrow) business and will revisit this later in the calendar year.
As NCC highlights, the two businesses are operationally distinct and have no synergies as part of the same group.
John Goold, CEO of Kelso, said:
"NCC is a special company on the UK stock market with two distinct businesses. There is an experienced management team assembled and we support them to deliver shareholder value."