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.
We have a 40% stake in Bosque's Energeticos.
Legendary Investments PLC 5.5% stake, and an option for a further 4.45% stake, in Manas Resources LLP. 7% in VS less than 3% in Amedeo Resources Medgold - smallest investment % not known - anyone has any knowledge? Bosques Energeticos EBE S.A. de C.V - anyone has any knowledge?
This was in 2015
Most shameless ceo on aim. Yet we still keep paying him £160,000 a year. When are the major shareholders kick him out. He has to go, he is bleeding us dry.
LEG owns less than 3%. I bet karim owns more in his personal holding
Still dont see anyones plausible explination for thst or see a good reason why we should be issuing warrants, especially having already granted pay rises out of the 1m placing. So besides trashong what i think, what do you think? Any explanation or justification for paying karim all this money? We have no income and our share price is based on the prispects of a co. That cirrently turns over just about 1m. When karim took 1m out of the company this time last year, it wasnt because we are making money. It annoyed me that we are supposed to see some sp growth from capital appreciation but all ive seen in 5 years are failed investment and dilutions. Still waiting for vs to show true worth ...seems karim is ahead of us all sucking value out and paying himself from a co. With no income...in order to fund his investments in the same bloody firms.
Here are AMED major shareholders! Significant Shareholders Shareholders on the register of shareholders as at 2 August 2016 with a 3% or more interest in the Company’s share capital are detailed below: Issued ordinary share capital (%) Qatar Investment Corporation (1) 61.09 Mena Global Investments (1) Limited 9.20 Global Tech Investments 1 PTE Ltd 5.28 Dune Engineering PTE Limited 5.19 (1) Qatar Investment Corporation is a wholly-owned investment vehicle of Mr Ghanim Al Saad, Non-Executive Chairman of the Company. http://www.amedeoresources.com/en/content/8-investor-information/21-significant-shareholders
There you go SL79 Zaf lost £7k in 10 days on AMED, I wonder what he will do with today's £55k Maybe he wants to buy my chippy? 🐟 😄 🍉
Karim has got investors interests at heart and the boards interedts are aligned with the sahreholders. Whoever bought those 32k shares at amed just sold them for a 7k loss just 3 weeks later. Weird.
LEG Up :/
NHS SBS and The Edge Virtualstock video out 6 hours ago ow.ly/r3IV30aWwai Ref NHS SBS twitter
Attending the @gs1 General Assembly today. Amazing turnout with 450 delegates from 85 countries, loads more news coming out at the moment Ref Rob Knott twitter and Virualstock.....
ramps are available to the chip shop, it sells lemons and melons, special on rose tinted glasses. load up, someone wants the shares.
that the directors see fit to own nmore of the investments than the investment company that pays their wages. Shame that people on here seem to concentrate on people's names etc.... what about the questions regarding the finances and share movements and capital placings and investments of THIS company. I guess people have nothing else to say. Were all in the dark as much as each other, even though we should expect some clarity from the directors on this "investment" firm. Seems im investing in the personal estate of Karim & co.
Last time I looked this how the VS shares were allocated to LEG and its directors:- LEG = 7% Zaf Karim = 2.7% Thomas Reuner 2.4% 🍉 I cant be bothered to do the same research on AMED
What happened? I dont know, apart from someone exercised their warrant to buy £32k shares and has had the opportunity to sell them at £64k. So we agree on the maths but you cant accuse someone, just cos it fits your conspiricy theory. Zaf is a director at both LEG and AMED and would be required to divulge any dealings he made in either company. Of course he could be doing under-the-table deals in which case, he will soon be doing porridge, that will make you and Ken happy 🍉
one last rant today, its fine to talk about chip shops and trash that theory, but what do you think happened then ? Our got 64k worth of shares for 32k, are you thinking they just held onto them ? why cash them ?
also now owns more of AMED and VS than LEG does ! annoyingly he had achieved this based on money raised from LEG investors who think that VS is about to pop. Value taken out before the investment rises. Company mission statement was to crystalize value for shareholders through capital appreciation, not dividends !!
If you had just bought yourself 32m shares at a cost of 0.1p ? then that would cost you (us, the company) £32k If you were the owner of 32m LEG shares they would be worth 32m x the SP on the day of warrant issued to you (ie. more than 32k, more like £64k) so...then you have two directors, 32k each ? also...regards directors, we never hear much about reuner but he is supposed to be the IT / Tech expert, so I out VS into his expertise (i.e. we only have one active investment in the IT/Software sector) Karim is supposed to be the company expert in energy / resources./ mining. Hes got a nice fat pay rise out of our 1m placing and a butt load of warrants to claim if the SP rises here.....yet what has he given us ? Losses in all of his realised investments, no news on companies we invested in years ago like AMED or Bosques (40% stake??). He is not even the IT expert in LEG who you would expect to be most involved in the IT investments. I guess im just sick of AIM and all the underhand goings-on. perhaps I will sell out soon
<0.2p 🍉 >0.2p 🍋 >0.3p 🍐 (I like a nice pair) >0.4p No stop! Dont be silly! I dont think I will be using the strawberry anytime soon but its in my locker.
I thought the theory was that LEG had put another 32k into AMED? I guess that's the problem with theories, nothing is ever as clear as it seems. Anyway down for the day on the live screens, does that change your icon further? lol
Before I start I want to say I'm not wearing my rose glasses today but I have to pick holes in this AMED theory. So, we’re saying on 28th April Zaf paid LEG £32k for 32M shares at 0.1p each and then sold them, in tranches, the following week? At the market rate of 0.2p that would have left him with £64k in his pocket. Then on 10th May he invested £32k in AMED and put £32k back in his bank leaving him with 120,000 AMED shares that cost him nothing? I put that theory just behind, Elvis working in my local chippy and USA never landing men on the moon. Sorry folks, I'm not in love with Zaf and I can agree we aren’t getting our money’s worth out of him at the moment but would we care if this shares hits 1p? (whoops! I slipped into ramp mode – Sorry) This is a “jam tomorrow” share and now a one-trick pony and therefore it can't release an RNS if there is no news. If we don’t like that or the director, as with any share, we sell up and move on. Simples! 🍉
This is a discussion boatd and called so for a reason. Seems if your not a relentless ramper then you take stick. What are your thoughts on AMED recieving a 32k buy in the days following our £32k warrant issue. To our own director, who is also on the board at amed ?
Same old rants ...when we just had yet another pay related dilution not more than two weeks ago. Its also the anniversiary of our 1m placing ...which we have used for...... Also, when i invested 5 yrs ago the condition wasnt that you had to be happy and had to rely on a single 50k investnebt which was topped up through guess what.....a placing lol. U know what you can keep you rose tinted glasses and if fed up reading then use filter button. What are your thoughts on the points raised ? Other than your own p o.v that we should all shut it and watch karim suck all the value from progess before its even happened ?