Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
This is not the news we wanted!!!!
Oneandonly1 you on Twitter???
nice wouldn't it, dead in the water over here lately.
Anyone?
The directors now have had the B2B model valued at £200k, it has debts of around £4m, turnover around 1.5m and a Market Cap of 4m.
I like the new model but will still only breakeven at best for 2020, so my target entry price (if my figures above are correct) is 0.5
Heading south at min
Has this stock just not moved or has it crashed? no chart showing on google Finance Stock report and flatlined today. Seems very strange. thoughts?
Seems like it could be a few weeks/months before we see the 10-15p range again?
Hopefully will push through 5p at some point this week and end the week somewhere between 5-10p
Should the sp be back to around the 15p fairly soon considering todays news?
How is the switch going from PET mibo...
This share is a joke! There are some very handy bits of information in today’s announcement.
Having given away its US business and it’s B2C business all that is left here is its B2B business and look! They’ve had it valued for us :
“Following an independent valuation, Nektan (Gibraltar) Limited has also disposed of its B2B business to Nektan Technology Limited, a fellow group company for £0.2m”
So that business is worth £200k and there’s about £3million of debt excluding HMRC.
Now to HMRC.
“In discussions with the Gibraltar Licensing Authority as part of obtaining the necessary licenses for the Group Company acquiring the B2B business, the Directors have confirmed that it is their intention to see settlement of the full amount of the liability. “
So it’s clear that the ongoing business still intends to settle the £5.9m outstanding tax. More so, it looks like the Gibraltar Licencing Authority is making settling the £5.9m tax demand a condition of awarding a B2B licence .
How is a business like this allowed to trade on the stock market? The directors have had the business valued at £200k - it has debts of about £4m and still has to deal with the tax demand. Businesses like this are the ones that being AIM into disrepute.
Are you sure about that Mibo? Interesting this jumping so high considering its loss making?
trade for me and I'm playing with profits. But with the ramp up I can see PET falling a bit and this going up. That's how its done
Sold PET and added here. Could be a good mover over coming weeks. Trade only
I'd settle for 15p at this point!
Year high, 60p 3 years ago, what a fall
Great turnaround
Dyor
we be seeing 10-15p + now that everything is back on track? bit of a ridiculous spread though which is hardly encouraging many trades!
i agree LOL
Funding now secured: https://www.lse.co.uk/news/nektan-seals-gbp26-million-in-share-subscription-to-fund-operations-lkv93yw4s2bc9bl.html
So they issued more shares. And are starting to pay off HMRC. Also new products and new ‘white labels’. Any one expecting this to rise back?
out.
I can’t quite believe I’m reading this. How is it allowed to trade on the stock exchange? It’s just put an RNS out saying it owes HMRC a huge amount and isn’t raising enough to clear it, let alone the other debt. HMRC could issue a winding up notice any day!
Does any one know just how much debt is in this? There’s the proportion of the loan notes they aren’t converting, the directors loans, accumulated interest and £3.6m to HMRC. It seems to me that the debt is huger vs the market cap