The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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.
On the RNS why does it say shore both bought and sold shares. It’s said this on multiple of them. Why are they both buying and selling shares. Seems very strange. Market manipulation?
My concern is there are plans afoot for MBO for a low as value as possible flushing out private and instituonal investors. Would like my average to be lower, final chance next week. Should start getting fruity.
Agree, the Cannacord move was baffling and I still don't know where thos shares have gone....
I actually reached out to the Takeover Panel to get some guidance on:
(1) The conditions of staying in 'offer period'
(2) Whilst in offer period, can they confirm if concessions are made and in what circumstances where a party may not declare a 1% holding.
Their response suggested they are happy to help answer and wanted my phone number and would pass on to a case officer
PE. If there's a move in motion to de-list then there is simply a play to ensure/predict that 75% of the votes can be secured on the proposal. Shareholders at 10p help the cause.
The bit I can't work out is Cannacord ... they've provided liquidity but if their exit was 11p how do they get back in without loss (if at all). Still makes no sense.
Josey - why and who would be buying and selling to do something to their average?
Please explain the significance of this and who would be doing that?
Well you can still buy 50k shares on instant at just shy of 10p. I imagine you’d get 100k filled on a limit order. Certainly a decent sized pool somewhere. In theory the liquidity Cannacord put in would have an effect anyway and using th 15p pre BT type base, you’d think 12/13p would be more appropriate.
The actual spread is minimal right now so it’s more likely someone is buying and selling to maintain status quo into new set of averages. Like I said, once that 40p year high disappears and trailing averages lower, we might hear something. Very much doubt we will see 2023 result before then either. (Unless date has already been published).
Not in my opinion...
1) Because they were sold for 11p - so who would be flogging them for sub 11p
2) They were not bought by Shore Capital ; and I do not see why any MM would want to take on that volume of shares without a buyer lined up
3) Over 4m shares traded the day after Cannacord sold their last 3m
4) Schroder have disposed of a few after Cannacord
Is the liquidity coming from the 3m Canaccord offloaded in a oner the other week, is that possible?
I could see this moving up to 20p again organically. Market cap is just too lower.
Shares moved so far this week;
13k sold
683k bought
Https://channelx.world/2024/02/ebays-mark-monte-colombo-on-the-refurbished-tech-opportunity/
Nice video of one of eBay management talking about the refurbished tech sector and even references musicmagpie during the discussion. This sector is very on trend and as peoples pockets get tighter they become more savvy and look for opportunities to save themselves money. Tech is only becoming a greater part of our lives, I’ll reference the iPad kids, you go to restaurants and kids are glued to the screens, but things like phones have becoming an extension of ourselves. People talking about crypto, AI, google, amazon, Uber etc but we need phones, iPad etc to actually use these platforms. Pick and shovels is how I like to think about it.
Logo
Best Refurbished Device Supplier
Judges' choice
The smart and easy way to be sustainable, the judges once again found musicMagpie the leading reseller in the industry, making it simple to buy and sell used technology, and get a good price.
Nice find red0liv3
Scroll down here: https://www.uswitch.com/telecoms-awards/
On a separate note Music Magpie won Best Refurbished Device Seller in the Uswitch Telecoms Awards 2024! Judges recognised musicMagpie as the top choice for anyone seeking a convenient and sustainable way to buy and sell used technology.
I guess we will see at some point. In a few weeks the 52 week high drops to about 30p and probably a trailing average of more like 20-23p.
£13m* debt on an RCF facility @ 20% is £2.6m* dead, any buyer has an instant saving. Why 30-50p is fairer value IMO.
I think you are getting too emotionally attached to this. Let’s say it’s a PE solution. They will not pay 30p let alone 50p. They will create a structured buy out which folds executive and major holders into ‘newco’. So long as the price stays down at this level for long enough then in theory this structure could execute at 18-20p.
During your 3 year plan you have a cash call to flush out a few holders and increase PE holding and get 3 times your money in 3-5yr window.
Not saying this will happen but what I am saying is stop touting pie in the sky valuations and open up to alternatives. Right now, if I was Oliver that’s how I’d be working out how to get back to the worth I had a few years back. Not concerned about someone holding a few hundred k of shares.
Certainly agree 10p is crazy low. However someone is still providing share liquidity without RNS here.
Just the one week left of February and we are into March which is when we'll see the results
I'm not convinced there is too much I will learn from them: ofcourse we'll get more detail on the numbers and activities but we already know that Plan A is to seek new owners.
The 'post period' updates will be interesting but I would not expect the Results RNS to provide much insight on the process to find new owners; that RNS is one that can drop any time, before or after the results
Because at 30p or 50p a share the market cap is only £30mil or £50mil.
When a bid comes in I would expect those kind of levels.
RedOlive
You are confusing the market cap with the value of the company.
This is particularly relevent when the company is in an offer period
The share price (and resultant mCap) represents the price at which shares are being exchanged in relatively small volumes. I'm still beleive there is more to the Cannacord disposal than meets the eye and we don't know who has picked them up
The big question is whether 10p is still the price per share if you wanted to acquire 10-20% of the company from the 80% holders who have held since IPO
That's why many of us believe that 30-50p is a better indication of what the market value of the company is
This should explain in more detail:
https://www.ruleoneinvesting.com/blog/financial-control/market-capitalization/
Why does anyone think this is worth 30p, 50p...when the market says otherwise? Until we have an an update which will be in the next two weeks it's all conjecture.
For sure. 50p share price seems fair for the business as things stand.
Robswire - That is without doubt my favourite contribution you have made to this forum
Thank you
Magpie Curry