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.
We are very excited to have been shortlisted in the NACFB Commercial Lender awards in the Specialist Lender of the Year category!
Really thought at the start this would be relisted within 1-2 months but think as you say its going to be next year, then again it could just list tomorrow, just would like to know more about the relisting / progress and the deal getting made to mode/r8
If you're seeking a miniscule investment for a return, look at AMP on most crypto exchanges. Dyor and it'll become abundantly clear why AMP is integral for crypto adoption ;)
Unfortunately, it's looking like a longer suspension than expected. Let's hope the extended wait pays off. 🤞
No rush, we need liquidity to come back before this small share can raise £50m+......... Its all a good gamble.
Its been quiet on the banking front for a while, Metro Bank was the only one that made the news and was bailed out. There is a lot more going on behind the scenes. Mode/R8 wont get their new funds in this environment.
GLA
Come on Johnathan News News News please dont keep us in suspense,what do you and your rich mates have planned with your crypto license and the Redwood bank
Would just like a bit of something to look into. Has to be some sort of news imminent
4 week today we heard.. could be anytime soon hopefully
“ While a traditional IPO may require months or years to complete, an RTO may be completed in just weeks.
Soon that frown to be turned upside down.
Gla
Boring :(
I Would think we should hear something within the next week fingers crossed but excited to see what Johnathan with his redwood bank has planned. CRYPTO licensed especially now right place right time could be explosive right from relisting
The Conservative group on Warrington Council has called on its Labour leaders to resign, citing the investment in Redwood Bank as one of the reasons:
https://www.warringtonguardian.co.uk/news/23881651.warrington-council-finance-row-sees-resignation-calls/
Would there be a takeover by Monzo,Revolut,Sterling further down the line once the redwood bank and its crypto license maps out vary possible or could even happen quite quick with one of the three not having a British banking license??? Just think outside the box
It's all about his crypto license in my opion it's just we dont know how its going to be incorporated into the banking system but we no it will be big considering the company he mixes with expect to see some serious players involved right time right place within in the next month or so everything going digital,fintech,montisations and all that
No guarantee of what Crypto looks like when this re-opens. Last bull run people were talking about £100k, £500k and £1m bitcoin within 12 months and then it dropped.
Also IF the crypto licence is used and that is a big IF, does it add value to redwood bank or does it deter investors that fear the unknown.
As Jonathon Rowland has his finger in both pies I think they are using Mode to bring Redwood on the market with less costs than doing its own IPO. The added bonus for Rowland is he may get a bit of a bump on his Mode stock as well as his Redwood, perhaps he pans to offload them which he couldn't do if Redwood was not listed.
If the main intention was to use the crypto license Redwood would have been buying mode rather than a reverse take over.
I'm not saying they won't find a use for the crypto licence, but it may not be of the value people anticipate and it may not be an immediate use. If this was their intention I'm sure they would have included it as part of the initial RNS.
There is no rush to open this back up, the longer they wait the healthier crypto is and the more likely they are to raise the +£50m needed.
Think most should get good returns here now
Sipp is around 5p (average down) my isa I have bought from 50p plus all the way down but averaged down alot / nearly all in as believed in the rto. Average around 1.4p
Non-ISA is a touch under 10, but ISA is circa 50.
Average around 25-27, can't quite remember. At the low I was more than 98% down and too exposed to small caps to risk any additional investment. In January I was just waiting for the new tax year to write off my loss for this year and cover provider fees for a few quarters, so anything above current level I will see as a return on nothing.
Good luck to those that had a go before the suspension though
What's your average Croc?
Surely, it is the crypto licence that is the carrot for Redwood's involvement?
The range of sensible guesses suggest it really is anyone's guess where this could open at on news.
Being heavily underwater I will just be optimistic on clawing back some of my current big loss, something that was looking very unlikely over this past year or so.
gla
The crypto licensee if used will be MASSIVE for Redwood Bank