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He will spend all of October researching global issues and present them as reasons not to IPO.
There hasn’t been any good reason really not to list. We suspended for reason x and then delisted for reason y. CP did this on purpose I’m still convinced
Only crumb is if we were listed during the last 5 years this share price would be £0.001.
Exactly SM... if we are still at this level or higher come end of OCT the questions have to be asked of CP and the IPO delay... 1.25INR for deccan =17.5m which takes us to an IPO requirement of..... er...... well nothing really... maybe a mill or 2.. just for the fun of it so we can up the advertising.
Dare i say we have never been closer??? Hmmmmm
Ok so
£16m Deccan shares
£13m tally valuation
I don’t need to do the math
Deccan bizarrely been going up 5% a day these last few days if it continues for the next 2 business days then we have hit the 30m valuation requirement which Cameron Previously said was a high water mark
@1.16INR..... our 14m Deccan shares are worth just shy of £16m
Agreed dealer….. but it’s us that actually own the Deccan shares ….CP bought them with our money,…. At least he got something right in the last few years!!! 😂
Bad really having to watch some other companies share price dreaming one day we might get to watch our own.
Come on CP.
Yep 116….let’s hope it continues so we can ask questions at the end of month Q&A…. CP said The amount needed to IPO was between £3-£6m …..£3m must be the upper limit now surely??
Go Deccan Go!
Deccan - again 📈
Ideally we need to close above the previous high for the next 3 days in a row
Deccan 110 now……. And we have 14m shares…. Agree 100% SM it’s time to get the paperwork in order…come on CP do the right thing.
It’s broken out above resistance with a few hours left to trade
(IIRC Bombay stock exchange closes around 10-11 UK time
Come on Cameron get those readmission documents completed and ready for submission!
& look at the volume for today
Deccan 📈
Treble I’m sure assets are classed as assets regardless… perhaps a maximum % is only allowed I’m not sure on this one.
I’m sure CP alluded to the fact our assets held would have an assigned value and contribute to the overall valuation towards the required £30m…. Happy to be corrected on that one.
Either way I’d say Deccan are on the ascend over the next 6-12 months so come March/April next year once the lock in period has passed we can liquidate our holdings to cash if that’s what needs to be done.
But we cannot list as a Fintech owning shares in a Goldmine.
Kolar Gold yes, Lionsgold yes, Tallymoney no, hence why we were dismissed from Aim due to a fundamental change of business.
Maybe the main market accepts it at Ipo,I'm not sure, but I'd err on the side of caution,as well as it contradicts the situation we currently find ourselves in.
This is positive news certainly, however ,can the equity be spun out into hard cash as liquidity to prop up Tallys much awaited Ipo.
That's the 64million buck question.
We are tied in
Invested in the gold mines. They are increasing production 75 fold if not more.
Wow.
Might be worth holding these for a while as long as the asset value can be assigned to Tallys bottom line.....
India's first large private gold mine to begin full-scale production by end of next year: DGML MD | News08 Oct 2023, 12:02PM IST
Deccan Gold Mines Ltd is set to begin full-scale production at its Jonnagiri gold project in Andhra Pradesh by the end of next year. The mine, which is the country's first large private gold mine, is expected to produce about 750 kilograms of gold per year. The company has invested around Rs 200 crore in the project so far and is currently producing about one kilogram of gold per month.
i've never orchestrated any shareholder revolts so i'm not sure of the process.... but it wont look good for cp or tally for that matter if a group is formed from disgruntled shareholders who feel ripped off who start an action group against the company or the ceo.
i'm sure there are a few on here much more qualified to set something up but we would have to be careful as far as timing.... as it would harm any chance of tally relisting/ successful ipo with a revolt going on at the same time and just give cp yet another reason to kick the can blaming us for the bad publicity.. i wouldn't put anything past him.
come march/april and both the "self funding" & hopeful £30m valuation status reached ...we have to make it clear there will be no further delays accepted for relisting and make clear our intentions on a vote of no confidence in him and the way the company is being run... either relist or dissolve the company and share the valuation between share holders.
i'm hoping it will never come to that and he grows a pair... and gets this off the ground as i honestly think tally could go places... instead of dragging us around on our knees for another year... we have all have enough and 5 years is taking the **** in my book.
We must keep in mind CP has 10,000,000 reasons to get relisted.
Hi Big Bench
Right behind you on this one.
If he kicks the can further down the road and March comes and goes with no relist - well then shareholder's MUST band together and get him ousted.
Big Bench - please can you explain exactly what needs to.happen to achieve this result.
Landlords leaving in droves due to tax policies
by Property118.com News Team
11:03 AM, 5th September 2023, About a month ago 11
Text Size
Landlords leaving in droves due to tax policies
An industry body is urging all politicians to have an urgent re-think on tax policy for landlords.
The Association of Inventory Clerks claims the recent tax rule changes are a major reason why landlords are leaving the private rented rector.
The industry body argues that landlords are being treated unfairly over current tax arrangements. In England and Northern Ireland, at the point of purchase, landlords must pay an extra 3% of Stamp Duty Land Tax on any buy-to-let.
Hammered for tax
Daniel Evans, chair of the Association of Independent Inventory Clerks, says landlord businesses have become unprofitable.
He said: “Landlords have been singled out and are now being hammered for tax. It’s been open season on them for far too long and the PRS has suffered untold damage because of it.
“They are leaving in droves – even though rents are rising. That can’t be right. Their profits are all going to the tax man.”
PRS is in crisis
Mr Evans says that landlords have been hit by rising charges unfairly.
“Every landlord is hit by other rising charges, like the cost of maintenance and repairs and the extra expense of new energy efficiency regulations, but it is the landlord tax policy which hurts them the most – no other business is taxed in this way.”
Political parties will soon be starting their party conferences with housing on the agenda. Mr Evans says that politicians need to know that undersupply will only continue to worsen.
Mr Evans continued: “Our senior politicians have to understand that the PRS is in crisis right now and it is a special case.
“There is a chronic undersupply of homes all over the UK and landlords continue to sell up which will only serve to make the situation worse for tenants.
“All they’re asking for is a level playing field on which to conduct their business. That can’t be too much to ask, can it?”