Roundtable Discussion; The Future of Mineral Sands. 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.
Maybe they not given up on Verify over hundred thousand from two customers, these guys got interested after blisgate, when Mark Slade was buzzing around they had 150 customers and did not earn a lot.more.
I personally believe they’ve kept verify running in the background to save them becoming a full on cash shell and having to do a deal within a certain timeframe or get suspended and potentially delisted, so I’m personally not concerned about revenue from verify as when RTO occurs it’ll get written down or sold out.
LSAI have cash of £4.1m equivalent to .155p more than I even expected and is now trading sub cash.
Also the deferred tax asset has increased to £5.4m
All in all, fair value on an RTO should be north of 0.3p as adding cash with the deferred tax asset works out at 0.36p per share - should be a bagger on a deal from here
On the plus side, we have plenty of cash and no debt
We knew they weren’t really trading but, even so….
Looks to me that we have just two Verify clients generating 99% of that turnover. The really disappointing things are the cost of sales given the extent of sales, and the continuing silence about/vagueness about plans going forwards.
Our local village charity shop has a higher turnover.!!!!!!!!
They are not exactly filling me with confidence, but they have until the 30th.
Something must happen by that date one way or another.
What will occur?
I think they might be going for suspension before RTO to control share price
£3.62 in already today
Maybe in the next 7 day calender
Jumped the gun, last year
Lol
Run Off With The Dosh ?
Very annoying drop considering only £4K or so has been sold, but seems to have found it’s bottom again as there’s 10m BID at .12 so shouldn’t really be much more downside from here considering market cap is now yet again covered by Cash levels!
I’ve never understood them, and why on some days are there so many!
There is no sarcasm meant by this question.
Is there any advantage in leaving the results reporting to the last day before they have to report?
I can understand there may be advantages in delaying the report until the financial year end but not the end of June.
Do these ridiculous small trades have a purpose other than keep the SP down surely if there was no trades at all it would be the same, who sell or buy a pound worth.
Final results should be out within the next 10 trading days.
Personally looking forward to seeing cash position, which considering Slade and Rae left this time last year, costs should be down. Would be disappointed if cash was any less than £3.5m or roughly .135p per share, likely will be slightly higher IMO.
Also looking for any sort of update on how things may be progressing with regards a target Acquisition, it would be nice if they state they are actively reviewing some targets rather than just stating still considering how best to create shareholder value.
Warrants have less than 3 years to be exercised now so would imagine they want to get the ball rolling ASAP on something to give themselves as much time to get the share price as high as possible before they are due to expire, although I personally believe they’ll be exercised miles before the deadline anyway to cash up the company.
Not long to wait
Trades thats a bit naughty
Trades keeping SP stable
Wishful thinking
I read an article that What3words customers were all entitled to hold shares in the company which is a little unusual for a limited company and I wonder how many the boohoo may have, then you have the old Manchester boys club which may connect them all.
I would never rule it out, but like I previously said regarding this one, without any clear link it is as good as plucking pretty much any company out of thin air and guessing it may be them. The only link there is and I wouldn’t really even call it a link, is the fact Boohoo use this company, but that’s it.
A stronger link would be a board member of LSAI or a concert party member being a board member of potential target company
WHAT3WORDS LTD
Company number 08430008