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This is another one gone in the bin
Bloody 85% spread
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MIL&ArticleCode=d9hdtbsw&ArticleHeadline=Exercise_of_Warrants seems to be $0.75 US are you a holder here?
I�m new to this board and to AIM shares. Still feeling my way around. Has anyone looked at the warrants? What is the strike price? I can not find the info but perhaps it is because I do not know where to look. Many thanks.
"Clearly the current headline news on Myanmar belongs to the heart-breaking events in Rakhine. This tragedy however overshadows all the substantive progress achieved throughout the country. MIL continues to make impactful investments that will make a positive difference to Myanmar citizens elsewhere in the country. Our investment in telecommunications has brought news, education and entertainment to millions across the country. We have invested in microfinance, providing funding to enable 50,000 otherwise unbankable families to start their own micro-businesses. We have started a pharmaceutical, health and beauty franchise chain providing reliable and ethical dispensing of medicines, healthcare and beauty products. More recently we have invested in a tourism business which will create jobs and bring hard foreign currency into the country. We have always known that the transition from the old regime would be complex and would take time. We remain bullish about the country's prospects as we are a long term investor and partner to the development in Myanmar."
We continue to apply our efforts as an active management team, eschewing the reactive approach of a passive fund manager operating from outside the country. Our team lives and works in Myanmar, immersed and actively engaged in-country - there is nothing passive about how our business strategy is executed. Very few opportunities come to us through intermediaries and 95% of the 200 plus deals that we have looked at over the past four years have been sourced directly by MIL's management Our experience building such businesses in Asia over the past 30 years puts us at a distinct advantage over many of the more passive, traditional "private equity" style investors who might be considering Myanmar.
"Following the strong support shown by our shareholders in our 2016 fund raising, an additional focus for this round of fund raising was to broaden our shareholder base as part of a planned process to increase liquidity in our shares and for this reason we felt it appropriate to include PrimaryBid to help us with this. It is therefore gratifying to welcome so many new shareholders to our roster." http://www.lse.co.uk/share-regulatory-news.asp? http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MIL&ArticleCode=fxslgial&ArticleHeadline=Issue_of_equity_raising_US63_million
my investment will be subject to first come first served
The SP is dollars Should see great progress sandwiched between India and China.
Below the bid price. Someone was desparate to sell. Or bad news is due. Info on exchange bids is due within a couple weeks, going by news out of Myanmar.
News expected soon? Hopefully, since there is a LOT of investment talk taking place in Myanmar, so we can't be short of deals to participate in.
Bit irritated by the lack of news. Surely something is going on that we're involved in? Talks? Negotiations? The hints were that they were, but nothing since. There are some high profile visits lately, German execs etc, all interested in investing in both the oil, gas and infrastructure. Hopefully the board is capitalising on this.
Anyone buying in here today?
MIL. From Financial Adviser paper: The £10.5m deal for The Money Portal to purchase the share capital of Millfield, along with Sage Financial, received FSA approval this week. Millfield’s subsidiaries will go into administration and the Financial Services Compensation Scheme (FSCS) will not pay out for the future liabilities, leaving claimants in the hands of administrators. The deal also means that the providers – Axa Sun Life, Prudential, Friends Provident, Zurich and Scottish Widows - that had made loans to Millfield will also have to queue up to the administrators. The deal leaves the Millfield subsidiary businesses, with debts of £17.5m, to the administrators. These include the Millfield Partnership, Millfield Atlas, HFT Financial, Addiscombe Group and Millfield Management Services. Shareholders in Millfield were “unlikely to receive anything” according to sources close to the company. Meanwhile, Millfield’s unpaid commission payments to advisers will be honoured by The Money Portal, easing the fears of current and former Millfield advisers that have been waiting for outstanding commission payments. Richard Craven, managing director of The Money Portal, said: “We have lifted assets out of Millfield and will absorb their commission costs but we have not taken the share capital. Advisers can look forward to working without this uncertainty and the legacy issues they have been facing in recent months.”
Sale of businesses
Mil. Hi sprattyken. I am not that adament that this share is a total write off as suggested. The odds are against investors, but there was and is value here, it is easy to kick a Co when the market deems a situation lost, but how often has the market dumped stock only to find that that stock rises from the ashes in a new guise post suspension, albeit for a short while!, phoenix type shares are around everywhere I personally would be very reluctent to offer to eat my hat here, after all I am an 8+ size, but I can empathise with the current posters positions, it does not look good.
I think this company will be broken up. What you have missed as per my post ages ago, is that this is not an "investment" as far as the insurance compaines are concerned. They "invested" their shareholders funds (not investment funds cash) into these companies to secure distribution. The insurers who stumped up the cash also obtained distribution agreements. Naturally these two transactions were not linked in any way at all! These were never a good investment - their business model is not sustainable. I'll eat my hat if this survives. Sorry. Good luck everyone.
I have to agree with you on the points raised.Companies also suspend shares to make their backers buck up and cough up,and after the funding I do hope to see a significant uplift in share price
MIL. I understand your position, which is well respected and recived. The funding issue has been a long term event with this Co. I can see a deja vue position here, do you not think though, the 20%+ institutional holding is significant, when, as late as mid May Institutions were topping up further! History tells us that when a Co suspends its shares pending clarification of its financial position" when institutions holding large positions mop up cheap secondary offerings the post suspension shares rocket, Corus is a good example.
My comment that I was right referred to an earlier posting that they were having funding problems,and this has been echoed in their rns release that insufficient support has been experienced
MIL. I agree, there is no point in offering a position post suspension, but I am not clear as to your comments post suspension that "you were right earlier" why were you right? what had you indicated that was right?. In my book this Co will survive the current malaise and come out stronger as a result, we have 20%+ of the shares locked into funds, those funders will not allow their holdings to be sunk without a fight!
You indicated a strong buy on your posting.How could I give an opinion when the shares have been suspended.The opinion section does not allow a "I am in the sh.." comment
MIL. gluefactory. what do you think this share price suspension will achieve, and do you think that a dillution of the eps but cash in the bank will have on the future share price prospects. Will anything change or will things be ceteris paribus, I respect your opinion on this as you have posted very valuable knowledgeable footprints recently.
MIL. gluefactory Clarify your stance because there was a no opinion posting!
Looks like I was right earlier