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yes SB, I was looking at that too. All rather odd figures to what has been reported.
Who knows what going on at Lombard....they had declared 122.7m shares on the web site - 13.28% - although no RNS to that effect. They issue a release today to say they have increased from 12.7% to 13.16% with 120.9m shares based on 919.2 shares in circulation. But in reality their holding has reduced by 1.6m from the last available info - albeit it appears they forgot to notify the market about that anyway. Attention to detail lads......SB
Each ,
Thank you for your comments .
1) I have zero knowledge or insights into the adultblock . I share the sentiment that it may be a few hundred whereas a few thousand would be fantastic news . I await the update .
2) fwiw : I have told both finncap and the company in writing that any selling is now done and having reached my stated goal of being under the onerous SEC threshold of 10% , that I intend to sit and wait and fully expect a sharply increased SP when the year end picture becomes clear and that with a dividend I would have no further incentive to sell during 2020 at all , except Under a bid situation
Hey ramp :
I don’t follow what is Counted where these days and especially since the back end has moved to Uniregistry .
Xxx has / had a unique structure based around its “ membership requirements “ as a “ sponsored “ tld visa gTLD .
Originally the names thag were sold as ongoing registrations could either be made “ resolving “ by completion by the buyer of the “membership “ process and attaching a membership token to the name which meant it went into the “ root zone “ file whereas those what were registered but no membership token was associated to the make were left as “non resolvers “ and therefore didn’t go into the zone file . I have no idea what the arrangements in this regard are under today’s set up . If u pushed me to guess ..... and would really be a finger in the air numbers I would say there are 60-70k fully paying “ registrations “ and around a similar number of the blocks .... again just guess work... so the 93k could be 70k blocks plus 23 active re-saving registrations ... ( or 60/33?) but on top may be another 30/40k of non resolving names that are not in the zone ... hope thag helps a little and sorry if I cannot be any clearer / more accurate
SJL - Thanks as always for your thoughts. As bakky commented - this is in no way personal - what private shareholders do with their shareholdings is entirely up to them. Just in your case (and associates), the holding and sales/potential sales is so significant it can effect the entire market - and may be a factor why we started the year at 6p, appear to making great progress, and look like we will be ending the year at 6p. There are clear and rationale explanations as to why you have sold - and lets be honest you don't need to divulge your reasons - but the fact remains where there is a potential large seller of any stock which has until recently carried an 'invest with caution' label (and probably still does), its not going to help the share price in the short term. Your observations on the timing of cash flows and possible settlement of .London are appreciated. It would be good to hear from the team ahead of the investor event with a market update - its all about attracting new investors - and who knows possibly some of the interest to soak up this years selling went to II's who attended last years event!! ATB. For the older investors amongst us....this time next year eh....SB
Now ,there's a subject that I'm impatient to hear about
It was always clear that .London would be a q4 item and that management would want to see as much renewal revenue in as possible..It seems to me that PIs are jumping to unfounded conclusions on a variety of subjects ,simply because there is no drip feeding of news.
I have no doubts about the company performance,its good.Freemium domains are first year lead ins ,with in many cases a decent renewal figure. Adultblock,should do better than Taps number, but its sensible to take a conservative view on numbers,all bottom line in any event.atb
The blocked . Xxx domains in the sunrise period nearly 10 years ago are they counted in the 93k odd that show on dnpedia.com or are they on top of that number. Thanks
by the way SJL, what is your view/gut feeling with Adultblock sales upto end of December 'earlybird' offer?
SJL, Nobody is saying what you are doing is wrong in any way.I would do exactly the same, but it doesn't hide the fact that you are sellers and that is the problem for the market imv. ATM there are willing buyers, but what if they are not there when you/others decide to offload again in the near future??
Tap / silver / bakky at el,
Just to perhaps inject a little “ perspective “.
There isn’t any icm vendor overhang that I am aware of . So far , more than 18 months after the deal was announced , set against the consideration price of c$40 MM, $10MM went off the table in cash at closing and that was around the value of cash that icm vendors will have paid in cap gains tax in FY 2018 & fy 2019 with the deferral arrangement . So let’s call that a wash ... since then circa 60MM shares sold at say 6p raising some let’s say $5mM USD . So the net cash “ take “ in the transaction for icm vendors for 2 financial years is let’s say $5MM , is in fact less than they would have taken and were used to in dividends in the same period .. as one of the sellers it’s just financial prudence , no one likes to have less money in their pocket than they are used to coming in . So again I would say at end FY19 for icm vendors with cash / sales and taxes taken into account the whole transaction is a nett cash “ wash “ versus status quo . For the record , none of the sales were self generated , everyone as a result of being made aware by company or brokers that willing insties wanting in for decent quantities at these low prices and how much better it will be to have a wider spread of motivated insties on the register .... after agreeing to sells ones business early in 18 one would normally expect any vendors to reasonably expect to have something to see in their banks , taxes paid by end of 19 . That’s all that’s happened here . There is and has been no stampede for the door , just a little opportunity presented here and there in a largely illiquid stock . Re : London , I thought it was made clear that the payment would be made by years end and this time of year for cashflow is super strong as is the calendar renewal time for key properties : for example xxx is dec 6th and say again just as illustration 50k names paid then at $70 each is a nice $3.5 MM cash chunk coming in ... so I expect London to be paid last week December to maintain max cash balance . Anything left over can form part of any dividend announcement .
anyone going to the Mello event in Chiswick tomorrow? Maybe we will get a good Rns in the morning before they go and present?
considering negotiations have been going on for 4/5+ months already then it would seem that things might not be going too smoothly with .London.Having said that they still have a few weeks to get it over the line, but blimey slow or what?
As I previously said, until SJL/ICM/Afilias are out then there will be a black cloud over the sp. As you say SB, 150m shares will hit any time soon, that is why the markets have a dim view of the stock as they expect the sp to fall when they hit. That is one reason for the buyback, to try and offset any large selling imo.
I just hope that the insties are still interested when that lot offload, and it won't be a moment too soon for me either.
Yes, the large s/h are dictating all of this, so TH has little say I'm afraid.
In my view the .London settlement is one of several issues holding us back, with the others until recently centred on clarity of company performance and the lack of a clear plan in relation to shareholder value - i always felt the 'lets ask shareholders' what they want was just stalling for time - and that's not so say that might not have been the correct decision - just reinforces previous comments that one or two of our largest shareholders are likely in control here. Now, I am far from comfortable that we have likely 150m shares (SJL, other ICM vendors, Afilias - who have sold likely in excess of 60m shares at 6p in the last 9 months) whose share trading positions may hold the price back. I have no issue whatsoever with people trading - personally I wish i was in the position to cash in and buy a Bentley - but i am concerned when such action impacts on my/our investments by providing a large pool of shares at below what we all consider is true value. I don't have an answer, just becoming more and more frustrated that we do not seem to be making any real move to create some value in the share valuation. The only upside currently is that there does appear to be a market for large chunks of shares at 6p - and that has noting to do with the buyback other than some token support at a level which is way below what is should be. That's 12 months we have been at rock bottom and its starting to hurt. SB
I'm concerned about the .London deal. Worried there is a sting in the tail. Don't recall anything saying there was a signed deal on the agreement ?
let's see if the revenue is impressive too as a lot of those will be cheap or freemium imo. Yes, the .London saga should be near done by now, hopefully!
Bonum,
I thought it was but wasn't quite sure.... Ive told them that the odd .075p on almost 17 million shares cost me half the price of a decent nite out ;-)
Lol... tongue was firmly in cheek SJL ;)
Have a good weekend
bonum ,
lol , very funny .
Sadly with the shares held in US brokerages , being AIM , being a micro cap “ penny stock “ under US SEC. parlance and being over 10% and thereby classified as a “ associate “ whether I liked it or not , trading in this stock is not as easy as pressing a sell button . Each trade , form filling , getting “ permission “ from US brokers compliance department , signing disclaimers , multiple phone calls between brokers , their international trading desks Etx etx , I wish ! I am hoping now I am under 10% as per Tr-1 many of those onerous conditions fall away as no longer branded as a “ associate “ ( and thereby an insider ). Still won’t be a simple keystroke I’m sure but should be a lot easier . Now under 10% no more share sales planned or even contemplated this side of years end .
Enjoy your weekend
"I was lining up with JPMorgan and they jumped the gun and something about the order got lost in translation across the Atlantic and I woke up this AM to see a trade had been executed not quite as per the “ pending “ instruction : I had shifted some last week at 6.125 and was planning to put an order in fill or kill at same and next thing almost 17 million sold at 6 and change , so no wasn’t trying to be disingenuous... an error was made ."
Next thing you'll be telling us your Cat accidentally pressed the Sell button....!
Atb
Try the dividend approach rather than further 'consultations' - sentiment will catch up much faster then!! ;)
Have a good weeken all
They are building a sustainable business.
Sentiment is why it's where it is now.
Sentiment catches up in the end.
It wasnt undervalued then but sentiment driven.
Timing matters.
Now that management have had an epiphany and realized that SENTIMENT does play a large part in attracting interest in a stock, specifically Aim ones, they may also come to the stunning conclusion that offering up a dividend instead of the sterile Buy Back, was likely a much better approach, to encourage said sentiment.
We can intelectualise case for pumping the metrics as much as we want and as an excuse for not delivering in any dividend sooner, but Aim investirs don't see it that way......and we are still listed on Aim, right?
In the meantime, greedy Toby & co continue to pay themselves handsomely in cash & options whilst we subsist on gruel.
Makes me feel warm inside!
Atb & have a lovely day