focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
Spread is getting bigger
https://www.londonstockexchange.com/news-article/MAC/holding-s-in-company/15127671
The spread isn't helping this.
Holding well. And the mcap under 2m. Can't see much selling now. Let's move up.
This is the first time Patrick has sold any shares in MAC since inception over 10 years. Yes there was a squeeze in and the SP could have gone alot higher, there would have been a direct buyer as well.
There are 7m options available and I expect that to be the next news as its 84k to take up the options.
Further news on the 4 exits will give the SP a boost, just the 9% in WearDale underpins current SP.
As a founder it looks like MAC raised 19m for WearDale which is pretty impressive for a small cap company.
Yes disappointed to say the least with the director selling out, especially at just 2.75p
Completely agree with you Bio! I reckon we could've gone well over 4p, but the CEO couldn't wait. He sold for an average of 2.7p. I think he probably could've got 3p+ if he waited a day. Instead the shareholders suffered thanks to him. Not great when the man in charge has no faith in his own company. Oh well, I took my 20% loss yesterday. The low Mcap pulled me in. I wouldn't have bought in after a 100% rise normally. I'm sure I'll make it up elsewhere but still very frustrating. Won't be buying here again anytime soon. GLA
Thats rise not raise. Mac has always been a strange company that has always promised but never really delivered. I started a new thread on it on AFN over ten years ago. barnetpeter 14 Feb '11 - 09:27
Always done OK on this but the only real time we hit a really big spike in those 10 years was Akers buying in and also in august 2015 where I got over 11p ....having bought at 1.14 that May.....before it crashed below 4p a couple of days later.
Buy MAC on a red day when no-one else is interested. It really is volatile with sudden spikes that soon evaporate. This new holding could be a game changer of course so I want to be in still.....but I have my price to buy back the stock I sold.
I sold half of mine at 3.36. I think the deal looks good but the director selling so many percent of his holding suggests the price will soon be back below 2p. The reality is the directors dont earn much so need to cash in on a raise
Marechale Capital Plc (AIM: MAC) announces it was notified today that, on 6 and
7 September 2021, Patrick Booth-Clibborn, Chief Executive Officer, sold a total
of 3,000,000 ordinary shares at an average price of 2.75 pence each in the
Company.
Following the disposal of shares, Patrick Booth-Clibborn's beneficial holding
in the Company is 9,076,865 ordinary shares representing 11.28 per cent. of the
Company's issued share capital.
At least now we know there's no placing. Back to 3p please.
Never buy Mac on the up . You will be screwed next day lol. Lesson learned.
Is this a pump and dump by the ceo? A cracking rns yesterday at 7am and ceo started selling. Lol
I can only thank ii for saving my a** here . They lockwd my account yesterday , just as I was about to buy 3k worth . Would have been down 1k today . Destiny I guess.
Are you talking about the CEO or Boris? Lol
Looks like the Canadians have got it right. Have a butcher's at OMI: it's fomo time!
The CEO could have various reasons. Such as:
Divorce
Wanting to give some to his children
Start a retirement pot
Diversify
I don't see this as a bad thing.
The CEO obviously doesn't agree. The market prefers insiders buying to selling, but doesn't look like many holders are selling on this news, just the MMs taking the price down.
Grudgingly, I have followed the CEO.
Oh, well, OMI is waking up now, already up 16% on TSX!
Trade it if you want to try and trade it but patience will not be beaten here.
Taking chips off the table, very wise. This is going to be the pattern in my opinion, get in when it dwindles down and take profit when next IPOs/investments are announced as the SP will inevitably rise on such news.
RNS out CEO sold 3m which is why the sp is dropping. Still holds 9m.
LSE not showing RNS' due to being ****
2.46 to sell is the MM’s having a laugh
No placing. A director has sold 3m shares today.
Marechale Capital Plc (AIM: MAC) announces it was notified today that, on 6 and
7 September 2021, Patrick Booth-Clibborn, Chief Executive Officer, sold a total
of 3,000,000 ordinary shares at an average price of 2.75 pence each in the
Company.
Following the disposal of shares, Patrick Booth-Clibborn's beneficial holding
in the Company is 9,076,865 ordinary shares representing 11.28 per cent. of the
Company's issued share capital.