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.
" but today he is being a good boy."
a shame you guys cant turn off the hypocrisy tap and reign that in a bit
Looking forward to the de-listing and scaling up the business, once AIM rules no longer apply and the company can do more with the new partners.
Pokerchips would be moaning about liquidity tomorrow so look out for him.Got to say we have reign in their optimism as yesterday Suhail was coming out with all sort of "take over" scenarios but today he is being a good boy.
I spoke to Jason Elliot and he told me they are working with Resideo on how they can fill the gap in their offering of their HomeEvo with Lightwave sockets and switches and other LWRF products.
" Last chance to get out at a decent price, tomorrow it would be a bloodbath."
not speculating again, are you ?
Last chance to get out at a decent price, tomorrow it would be a bloodbath.
" Tomorrow would be last trading day and you would no longer be able to trade it ( on AIM )after tomorrow."
and remember children, never talk to strangers and never go into that room with the priest without mummy and daddy
Tomorrow would be last trading day and you would no longer be able to trade it after tomorrow.
Just don’t forget the last day. On the 24 th. of February
You have to remeber that someone will probably buy this just for the IP and products just so they can freeze out a competitor, whether they intend to market and sell the products for themselves or not. Aimho
" With due respect NAV something we can argue about"
OK so we can argue about things, but we cant speculate about things...unless of course it is you guys that are doing the speculating ..OK...so we have clarified that
With due respect NAV something we can argue about, company believes it is 3 millions but would somebody pay 3 millions for these assets?may be not. Aim is full of stories where companies paid 20/30/40/50 millions for some assets and they were found to be worthless.
"Or buyers can wait until company runs out of money and then buy it for 500k may be."
well the NAV "suggests" that the administrators in that case "could" sell the assets and pay off the liabilities for something above 500k,
I thought you said speculating was meaningless ?? ....different rule for you guys, yeah, yeah I know
Share price is crashing to 0.1 tomorrow, do you agree?
I am not making any predictions on what tomorrow will or will not do.....but I will say that this company is in a totally different state than CBuy was ..totally different...CBuy was left with one idea to chase and a negative NAV of 6m ..although as I suggested its domain name was probably worth more than the measly MCAP that it was falling down to
This is in a very different shape to CBUY , so there is no comparison in the sense that that was 0.1p so this has to do the same
Or buyers can wait until company runs out of money and then buy it for 500k may be.
I do think 7.5-8p is lofty and I wouldnt be seeing that kind of offer price arriving ...not likely when you put yourselves up for sale ...maybe if someone was keen to get hold of you and you were chasing a harder bargain
just my 2 cents
Share price is crashing to 0.1 tomorrow, do you agree?
ShamI89,
BIRD has been on AIM for 20 years, never made a profit ..loses sometimes £2m+ in a year , cumulative losses of £18m+
I was buying their shares at 6p and 7p now about 17p
They fund themselves through placings ....gradually making good progress
I think you have run out of arguments , Mohh and Mr.Investment have made some excellent points. It is going nowhere if it keeps on going the way it is going now.
" Their total loss was 3 million .So how would a company which has been around for sometime and been funding its day to day operations via placings is going to survive once it is no longer listed."
you are the kind of guy who would say....how are you going to sell your house without an estate agent ...or how are you going to buy a car without a car dealer
blimey..... wakey, wakey to the number of companies raising funds without being on AIM ...
This aim listing was keeping them afloat as they have not made a profit in all these years and were funding themselves through placings .
Mr Investment
I hear you....but anyone looking over this wont be bothered about the bottom line loss as a reult of high Admin costs....in the sense that they will be looking at revenues, liabilities/assets ...growing revenues, a positive NAV etc points to value somewhat higher than a current MCAP of under 1 million...just a personal view
They have missed the chance to go it alone....that they have admitted by putting themselves up for sale .....so in effect they are giving someone else the chance to make the success that the constrainst of being a tiddler company has ...
In some senses they were ahead of their time with smart home products ...they were trying to sell them before the market had really caught on in a more mainstream way...
I am not making any recommendation to buy or sell the shares.....but..if they do get an interested party..I would be very, very suprised to see a final offer of the current 0.75p ..again just a personal view , nothing more
Their total loss was 3 million .So how would a company which has been around for sometime and been funding its day to day operations via placings is going to survive once it is no longer listed.
" It will be much harder to raise capital this way off market."
Can I suggest that you read the rns about what the company itself said about raising money as a result of being on AIM ..in with all the detail about putting itself up for sale
Yeah, it is a tiddler..no mistaking that...and the reason it has losses are to a great extent are down to the high Admin Costs which swallow up the gross profit and more
Anyone looking at this and looking to add it into a company setup and distribution network would slash those Admin costs from day 1 ..... that is where you could make a big impact
It is a tiddler that has basically said it can go no further based on its current constraints and running costs ...they have said that themselves ..it is all there in the RNS
But it has some good products, channels of growing sales and customers ....it isnt worthless ..IMO
This is a tiddler and about 68% of the shares I think are in the hands of major shareholders and Directors...
..the share price drop is actually as a result of the trading of a relatively small % of the overall company shares