Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
With every sell, looks like a background buyer imo
How did you come to that conclusion?
Take a look at sale prices & dummy trades
This will move upwards very soon imo
I’d say last chance to get in at this price today, after the company is wound down and loan book sold we could be looking at a distribution of 10 mill plus
There aren't any sellers as 85% of the shares are held by two funds
It would be fair to suggest there should at least be £10mln to distribute to holders before or after the meeting
Sounds too good to be true Laura but if it turns out to be the case then that's brilliant and I wish you luck
Bid moved up again someone wants these
Thanks neil
As we saw on MEAL it can be exciting!
All of of the "surplus funds" are mentioned in the circular itself in black and white under section 4
And on the accounts there are £40-60mln in the last accounts (total assets+ liability)
Currently PCF is £2mln and is probably why the largest holder wants theor large slice of a pie
Let's hope it does go the way you read it.
If not invested too heavy then you can't lose really.
Just remember though it does say MAY and SURPLUS which if it is 10 million then its 5 times the current market cap.
Surly if that was the case more would be purchasing at this 0.64p to grab a pay day when this delists.
I may well be totally wrong and just playing devil's advocate.
"Shareholders may in due course receive a distribution arising from the company having surplus funds at the end of the wind down process "
Good luck though and I'll be jealous of your pay day if it works out x
Some decent buys though.
Lots of sells at small prices but then a big 2k buy comes along.
Good luck all here
Yes niel
HL will only allow you to buy about £1200 but I can sell more than that at 0.58p
Nice buy after hours , very snail free float here so expecting a run of blue days up to and hopefully past 1p
Would expect that to happen Shnners as it appears that there is a good chance there will be a windfall of at least 4 or 4 times the current value
Helpful RNS
My question
What are the best and worse case scenarios in relation to return of funds to shareholders after the business and loan loan book has been wound up and sold.