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...for me :)
trade 13:41 on Friday 19th at 81p when the bid was around 79p. Just reported. Interesting to see if that is part of the buy back.
81.75 to sell,negotiated trade to buy.
SO ive been watching the fiscals here and quite clearly the MM's are playing a strategic game. I mean just look at the spread to understand. 5% spread??? thats greedy. Share price moves up but sell price moves down and buy price moves up.... quite clearly theyre wanting sells. deffo not handing mine over. Is anybody else translating this in the same manner as myself?
These guys know the share price has to stay low for the company to buy back shares cheap. But with heavy holding investors they will end up paying way above once theyve bought shares from the short sellers. thats just my opinion. So i reckon if i hold long enough i should be able to sell at £1.45 - £1.55. GLA
One of the only risers on the list that have highest probabilities of folding. Aminex is another but with the 52week high already broken the chances of it falling due to long term stuck investors exiting. More than happy with this. £1 could be broken today but deffo by end of week if not. ~#realistic
Looking good now for that run up to and beyond £1 :) then 1.50 - should be a cracking few weeks...another contract and it'll explode
Great post. should be an upwards curve over the next few weeks
Morning... was busy yesterday... noted the rns... of course they would release that... they are buyers... they dont want the shares to shoot up in price do they? And pay more to "buyback" their shares? Hmmm... not sure of the ethics on that one imo?
Mike its just a feeling really from doing business in asia where ethical standards can differ particularly when making money from non countrymen. But uk has its own share of that esp on Aim! Nothing more. Just a wariness. It wouldnt stop me buying but may be more diligent
cm45, i am thinking of investing in here, been watching for a couple of weeks so missed a decent rise already. Would you be able to elaborate a bit more about being uncomfortable about the malaysian aspect, as someone else mentioned something about that last week, thanks.
In theory at least Pacman when we ask for a price they dont know whether we are buying or selling. And i tend to agree about their buyback price but then if they can pickup 100k at say 10p less they have saved 10 grand. Not a fortune I know in their grand scheme. It does seem a no -brainer as a buy but the Malaysian aspect makes me a little uncomfortable. Not entirely sure why.... maybe the 1mdb scandal!!
I was trying for the last 5 minutes to buy some. Couldn't get a price on any amount. Not sure they are too bothered what they buy at. I think the whole idea is to get the share price upto at least £1.37, so not sure why they would be trying to buy them cheap, as that wouldn't necessarily help them in increasing the share price. I think they have a plan to buy one or two hundred thousand every week, which will in turn limit the amount of stock available to buy and drive up the price. Either way, seem like a no brainer, to buy in here, and wait and see where its at in a few weeks. Cant see it anywhere other than significantly higher than it is now.
..earlier this month at 40p x100k then 60p x150p. Maybe they think current levels are too rich and price will drop if they do nothing for a few days.
cant get a price now for 7000 even yet was offered firm price for 10k earlier. nervous MMs!
Most recent trades are small sales. Pi's i guess banking small profit. Maybe set the scene for a sizeable buyback?
Actually, I think that RNS was intended to slow down any rise so that the company is able to buy back shares as cheaply as possible. We know they are buying back shares and know they are trying to do this at an average price of £1.30ish or thereabouts. I suspect the broker / mms are trying to facilitate this to be done as cheaply as possible with commissions/bonuses attached if they do it below the average price. I think there is plenty more upside yet but each to their own...
All the excitement ended coz of the no reason rns..
Because cantor are buying more than one percent i am assuming they will have gone through the route of applying to buy therefore there volumes are not registering against market volumes? Could it be? Or have i taken it off on a tangent with ny wild assumption? Regardless its been a healthy morning with strong trades and the price just keeps ticking up which shows quite a way to go before the momentum dies out. Might become a long termer here.
And More:- And here’s the thing: 16 months ago, when MayAir was first admitted to AIM, the company raised £16.2 million at 130 pence per share. What’s changed since then? Answer… The company has grown its revenues and profits threefold! However, today, with revenues of $63.6 million, EBITDA of $9.05 million, and profit after tax of $6.30 million, the company’s market cap is a paltry £31.5m! Yes, feel free to bark the necessary expletives. Absolutely preposterous! It’s clear, the current share price of 77p singularly fails to recognise the company’s intrinsic value and staggering growth prospects. House broker Cantor Fitzgerald has a target price of 238p within the next 6 months. OUR VIEW: Against the backdrop of the recently-announced share buyback programme, where the company, through Cantor, will repurchase 10% of MayAir stock right up to and including 137 pence per share – a screaming buying opportunity for any investor with an ounce of wealth-creating sense in them, and with 82.84% of the company’s 42,475,000 shares in private hands, we believe a scramble for MayAir shares is already in progress. To this end, we expect the company’s objective (to achieve a sensible base valuation for its business – 137p) to be met within the coming weeks.
Only issue is once they have control of the shares will they offer them for resale or hold then as part of there current assets? If they hold in order to add value and retain control then that will surely rocket share price
Ah ok, yes, missed that. Looks like they have been buying in tranches of 50,000. So only upto 4 million'ish to go. So its safe to say the majority of the rise is down to pi's pilling in. Who wouldn't
250 000 have already been bought
Thanks solid info
And More:- And here’s the thing: 16 months ago, when MayAir was first admitted to AIM, the company raised £16.2 million at 130 pence per share. What’s changed since then? Answer… The company has grown its revenues and profits threefold! However, today, with revenues of $63.6 million, EBITDA of $9.05 million, and profit after tax of $6.30 million, the company’s market cap is a paltry £31.5m! Yes, feel free to bark the necessary expletives. Absolutely preposterous! It’s clear, the current share price of 77p singularly fails to recognise the company’s intrinsic value and staggering growth prospects. House broker Cantor Fitzgerald has a target price of 238p within the next 6 months. OUR VIEW: Against the backdrop of the recently-announced share buyback programme, where the company, through Cantor, will repurchase 10% of MayAir stock right up to and including 137 pence per share – a screaming buying opportunity for any investor with an ounce of wealth-creating sense in them, and with 82.84% of the company’s 42,475,000 shares in private hands, we believe a scramble for MayAir shares is already in progress. To this end, we expect the company’s objective (to achieve a sensible base valuation for its business – 137p) to be met within the coming weeks.