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Well i realise they have to report it in the detailed terms used but really the pitiful amount involved hardly justifies the time taken to produce the formal announcement. perfectly fair questions raised by you,bignose. the only consolation is that they will no longer be able to use the ludicrous excuse of"curating legacy assets" to justify use of time by BOD.
hard to believe there is still no china news. absolute shambles!
Wel…..that’s absolute rubbish. The last thing the company needs are more worthless investments
The Directors (including the independent non-executive Directors) are of the view that the Disposal represents a good opportunity to increase the liquid cash position of the Company, deleverage its balance sheet and put the Company in a better and more flexible financial position to take advantage of any investment opportunities should they arise.
And
It is the intention of the Company to use the proceeds from the Disposal to help fund corporate and working capital expenses, which mainly includes general administrative expenses and research & development expenses.
Does that mean the company is burning through the loan at an accelerated rate. Once again misleading and no transparency.
So, they’ve now sold the remaining DVP shares.
Why didn’t they just sell them all earlier when the DVP sp was higher ? It’s on a Low at this moment in time.
And why now given they have a loan from Jim supposedly covering their cost for the next 12 months.
Why do they need the money now ?
Morning bignose.yes all very odd.makes no sense to me,but pleased to see it if only to savour for a moment a significant percentage gain.news perhaps about to land?
Up 25% on a single lot buy (10k shares and about 750gpb). Who would buy a single lot at a25% premium unless they had surely heard something ? Particularly since it can go down just as quickly on a single lot sell. A large risk to take unless the investor knows somehting ?
Agreed bignose.whilst i'm happy to accept that things always take longer than one hopes, the lesson from Fum/Haleon is no doubt that things don't happen overnight. (i found some of the comments on Fum suggesting the BOD had been remiss in agreeing a deal with one of the largest consumer healthcare companies in the world, just because they hadn't launched yet, frankly risible). the difference of course is that FUm (at least since dec 2019) don't have a history of repeated missed deadlines and unmet promises, as by and large they have kept to their stated intentions etc. regent on the other hand.....!!! oh we'll tomorrow is another day.
Morning The.Italian,
Yes, it is becoming a little concerning, particulalry since it will be soon be 9 months from when the submission was supposed to happen and we then still have another 12 months for the approval and then another possible 12 months before Wangbang get it on the shelves (think Haleon/Eroxon which has so far taken nearly 11 months without any news of a product launch), although one would think they will have already sorted their logisitcs out beforehand.
Morning bignose.yes, the continuing delay re china progress is very puzzling and concerning. despite the recent volatility, trading volumes in value terms have remained minuscule, so no real indication of interest either way. fingers continuing to be crossed.
Can drop as quickly as it rises. Down 20% in 2 days.
And still no news on China. How can replacing the manufacturing data take that long? Or is there something else more ominous in the mix ?
Http://www.aastocks.com/en/stocks/analysis/transaction.aspx?symbol=00575 hope this helps.
How do you guys monitor the RPG share price?
I sincerely hope that "Today's runs" is not a health report.
And yes, auditors consider RPG estimates of asset value to exceed what a purchaser might reasonably acquire the assets for, fair value being derived from future DCFs.
Curious as to why this has appeared long after the auditors signed off on the Annual Report- did they miss just how vigorously RPG have been jiggling the parrot, or is it only retrospective posterior protection? Still, you have to admire RPG's brass neck in trying to get away with a fantasy US milestone...cheeky...although they did get away with a fantasy IA valuation for the best part of a decade. Crystal clear that there's no expectation of a money fountain.
The reduction in the useful life of DLI intangible assets is puzzling, with the revised forecast assigning a useful life of just four years. This suggests that on acquisition, only licence(s) with In Silico were assigned to RPG, but no patent assignment (quick check indicates that IP remains assigned to In Silico, expiry many years away). I would have thought the licence term/useful life would have been at least 10 years from acquisition, not that it makes a difference in the scheme of things.
Going concern issue now looking more like a going...going...gone... concern issue.
Not easy to follow for non accountancy minded people like me, but my take is the auditors felt the revenue forecasts for AI were overly optimistic in view of the actual revenue experience to date and in effect insisted on a full impairment. is this how other see it?
Bothwell. If all goes well regarding Chinese approval and sales targets are met, it could well be another 18 to 24 months, since sales would be the main driver, although, that said. It could suddenly spike on approval announcement with a slow pullback in the following 6 months pending sales figures vs expectation. All speculation on my part, but is logical based on what w have seen b4.
Bignose, then profit!!! How long are you giving it to reach the market cap?
Yup. A market cap of around 185mill gbp or a little less, I would expect, will see most LTHs (those around at the PLE takeover) at breakeven. This is easily achievable and poss in the first year if the Chinese sales are as Wangbang predict.
Just checked 8HKD is breakeven for me after dilution. Long long way to go.
Too true,bignose,but if we did get some positive US news (huge if i know ) we should get some traction from that.
Getting better but with dilution still along way to go. Sitting at around 5/6p just in UK money. Breakeven is along way off!
Morning The.Italian,
Unfortunately we still have to wait 12months for approval, although I am hopeful Wangbang may convince the regulators to fast track it ?
Morning bignose.yes looking quite likely now.fingers crossed!
Up again. Seems pretty obvious there is a leak. Maybe an announcement this week?
Same MO before the DLI takeover and EU OTC announcements.
Thank you. That is the most positive prediction I have read and am much encouraged. As long as you and The Italian continue to post, there is hope!:)
Keith,
Wanbang are targeting 9mill in the first year, which one would think they did at least some market research to get to that number. As such I would think they must be expecting to sell at least a mill cans, if not more. That still equates to about 75mill USD (given their can price was supposidly 75% of the US price). RPG get 25% of that, so I think you/we should easily break even quite quickly. After that and as sales increase, it's just profit.
Of course hopefully there won't be further dilution before then.