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I can't believe how far the share price has fallen and how cheap this company now is with an mcap of just £39m. On 16 December, the Bod advised the market that the company was trading in line with market expectations. The SP then was 33p and here we are today at 23.875p, almost a third lower. The results for 2015 were not issued until 21 April 2016. So I suppose we have to suffer a further drop in the SP for another 2 weeks at least. If the SP does not recover after the results, our CEO and main shareholder might decide to take the company private as there is little point in having such a low valuation. I bought at 49p and so am 50% down. I suppose the answer is to buy again now and hope the SP reaches 36p to break even. I know it is my decision, but what do you think Shaxe, SMT and Hounddog? If you are still holders and sitting on even larger losses I sympathise in advance. Moan over.
I'm still here and looking at the same figures as you. I have broken my own rules and didn't cut and run in our December freefall. This one was always going to be a 3 year share to get in early on for me, unfortunately I obviously got in too early. I really cannot understand our low value, the earnings potential is huge as far as I can see. The bod do seem to view being a listed company as a necessary evil, and it wouldn't surprise me if they took it back private when they have the cash to do so. Certainly with such a low mcap now would be the time for them to do so. I obviously hope they don't. I have a small position here compared to others in my portfolio as I fully believe they will make huge wads of cash, just not sure about the bods aims. I have invested in the company not the people, which may bite my behind, hence the low position!! *shrugs*, it is what it is, potential realised then my retirement is made a bit easier, fails and it gets put onto my 'experience' list.
I have shares valued tonight at £7k at an average 32p buy price. The BOD really needs to get the numbers out and provide more regular updates to shareholders.
Keep close eye on the trades if you see alot of buying jump in, the seller is still about, and I sure there shorting this. Double dipping to recoup there investment then buy back at cheap price through different broker, Co is good although alot of debt, but had revenue to cover it, not sure if you read the article in Feb, Mumbai: IDFC Alternatives, the asset management arm of IDFC Ltd, is looking to exit its investment in Hyderabad-based renewable energy firm Mytrah Energy India Pvt. Ltd, ahead of the company’s proposed initial public offering (IPO), said two people aware of the development. In September, Mint reported that Mytrah had started preparations for an IPO to raise between $250 million and $300 million. Mytrah had hired investment banking firms Nomura Financial Advisory and Securities (India) Pvt. Ltd and IDFC Bank to manage the share sale, Mint reported. The company, in preparation for its IPO is looking at various options to restructure its balance sheet. There is a feeling that it is debt heavy. One of the options is to give IDFC an exit,” said one of the two persons cited above, requesting anonymity, as the talks are private. In 2011, IDFC’s infrastructure fund, under asset management unit IDFC Alternatives, invested Rs350 crore in Mytrah through a structured finance transaction. As of 30 June, Mytrah’s long-term borrowings stood at $752 million, data from its website shows. In April 2015, Mytrah raised $60 million in debt from Merrill Lynch International and Aion Direct Singapore. In November 2014, the firm raised another tranche of debt worth around $70 million from Merrill Lynch International and funds managed by affiliates of Apollo Global Management LLC. Also in April, The Asian Development Bank sanctioned loans of up to $175 million to Mytrah to back the power producer’s new wind and solar projects. ALSO READ: India to achieve climate change goal earlier than thought In October, Mint reported that Mytrah Energy was in talks to raise around Rs800 crore (about $120 million) from Piramal Enterprises Ltd’s Structured Finance Group (SFG), to refinance its existing debt obligations. A spokesperson for IDFC Alternatives declined comment. Mytrah Energy did not respond to e-mails seeking comment. The firm, which started off as a wind power generator, entered the solar power business year. Mytrah Energy operates about 920 megawatts (MW) of wind energy capacity and recently won projects for about 500 MW of solar energy capacity. Mint reported in July that IDFC Alternatives was working on exiting almost half a dozen portfolio companies in its first infrastructure fund to return capital to investors. In 2009, IDFC Alternatives raised its India Infrastructure Fund, with a corpus of $927 million. The fund invested across infrastructure assets such as roads, thermal energy plants, ports and hospitals. Tata Realty and Infrastructure Ltd (TRIL) is in talks to acquire
If your interested Im following the following shares Eua - Eurasia mining Omi - Orosur Mining Myt -Mytrah energy Dkl - Dekel oil Matd - petro matad Jlp - jubilee platinum I only holding shares in eurasia mining at moment
Anybody know why the massive sales this morning - something like 4% of the issued share capital for £1.7m. And then the subsequent buying.
No idea what's been going on here but it's prompted me to register for an account to comment! Is it possible that some of these "sells" are actually "buys"? How else could the share price be up today? And vice versa there have been days recently when there were far more "buys" than "sells" and the share price was down. If someone knows how/why this can happen, please educate me. Did you see the recent article about ReNew Energy raising money that values them at $2bn. Unless I'm mistaken, ReNew Energy have roughly double the capacity Mytrah have (2GW vs 1GW) and yet the valuation is certainly not double.
Hi Monkf6 thank you for joining the bb. Looking again at the bid and ask at that time, I agree that they could indeed have been buys. Also, yes, the SP has been marked down by the mms, even on days when buys have outweighed sells. The Chairman said that the sharp drop in December was due to a persistent seller and the same has happened since mid-March. With the size of today's trades if they were buys by the same investor, being above 3% (I think), we should see a TR-1 in the very near future. We have 3 institutions owning more than 3% each already. IMHO, the current share valuation really undervalues the company. The company's brokers Cantor Fitzgerald have a 135p target value on the company! There are the rumours about the company's Indian subsidiary looking to have an IPO. I am not sure what effect that would have on MYT's SP if it had one; presumably a very favourable one because of the value released, compared with its current mcap. I'd love to know what is really going on! The comfort for me has been the TipTv interview on January 6 by the executive vice-president Bob Smith on how he saw the future for 2017. I haven't seen the article about ReNew. Can you point me in its direction please?