Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. 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.
New resolutions pending on Companies House for Alt, possibly an indicator of progression on RTO.
Beekeeper is over on CHLL
Does anyone here know what the value of Payapps potetially could be, and anyone know where RKBeekeeper hangs out nowadays?
Thanks
IFM Investors expects the transaction to complete next month. Payapps processes over AUD$75 billion (!!) in payments each year:
https://www.ifminvestors.com/en-gb/news--insights/media-centre/payapps-sale-another-milestone-for-ifm-private-equity-team/
One of the legacy investments is now looking like it may be a good one
If the 2nd one turns good the mkt cap will look silly
I also hope we get the right news off Alteration Earth PLC.
Yes important to keep in mind that approximately 40% of the shares are held by only 4 people, 3 of which are linked to the company itself. Not many shares available. Any serious demand will drive the price up substantially
Stephen ball hoovered up 15.4 mil shares about 4 months ago at about 3p
He's not here for the fun
Now for Fresho - from their recent LinkedIn update there are 62,000 trade buyers on their plaftorm. Let's take a guess that each supplier has on average 100 customers. That's 6200 suppliers. Their middle ground pricing is AUD$258 (£133) per month. That's ~£825k revenue per month, £9.9 million per year. For simplicity sake if we use the 8:1 ratio for valuation (complete arbitrary but used in the absence of any other info), that's a valuation of approximately £80 million. Prim owns around 4% of Fresho, so that's another £3mil. So just between Fresho and Payapps we may have over £10million value, ignoring all other investments. Prim could at least double or triple from here.
Any thoughts/comments/arguments for or against this please share
Let's get some (pie in the sky) numbers down for Payapps potential valuation. From their website they have ~40,000 users. IFM Investors (that invested $50million in Payapps in 2020 stated at the time they had ~21,000 users). I can't find their main contractor pricing but subcontractor pricing is £130 per 10 contracts per month. I don't quite understand the functionality and the product types but let's say 75% of the 40k users are paying and on the premium plan which is £130 per month. That's £46,800,000 revenue per year.
Now AutoDesk has a market cap of $54billion and revenue of $5 billion. That's a rough 11:1 ratio. They will acquire a company to support and grow that level of value. If we take, say, a 8:1 ratio for Payapps that's a valuation of 8x£46,800,000 = £374,400,000.
Prim owns ~2% of this which works out to ~£7.5 million. Currently Prim's market cap is around £5.5 million. Now imagine getting £7.5 million cash in a £5mil Mcap company. That excludes all other investments, of which Fresho can still be quite significant.
Spread even worse at close 3.70-4-50. I looked earlier and it was possible to get a quote for sell on 100k shares.
Is it market manipulation?
My thoughts, also.
Can large quantities be bought
Something seems off. The spread is still wide and someone is placing many small trades at 4p.
My broker offering 3.5-4.0p spread.
Is it market manipulation?
A_D
Always nice to appear on the top risers list!
Not a lot of shares free, people are holding on
Excellent news about Payapps, and now an update from Fresho too -
600,000 orders per month, 62,000 trade buyers, and they have expanded with clients in New York and Ireland:
https://www.linkedin.com/posts/fresho-_freshfoodwholesale-ordermanagement-fresho-activity-7156533074321666049-r-pF?
The only thing i want to know is how much our share is worth.
"Autodesk expects the proposed acquisition of Payapps Limited to complete during Autodesk’s first quarter of Fiscal Year 2025, ending April 30, 2024. Accordingly, it will have no material impact on Autodesk’s fourth quarter and fiscal year 2024 guidance presented on November 21, 2023. The foregoing descriptions of the contemplated effects of the proposed acquisition are subject to the acquisition’s completion and Autodesk’s ability to successfully integrate Payapps in all respects." So possibly 3 months before its done....if its done.......but as they have been collaborating for 2 years already that's a given, surely.
Whoever was buying yesterday knows this takeover is a good thing for prim!
Prim have 2mil and 57000 shares
And 1 mil options at 50 cent aus
So the takeout price is going to be very important
It might explain the little flurry today
Fingers crossed
AutoDesk is going to acquire Payapps which Prim holds about 3 million shares in (if the website is correct). The acquisition price is undisclosed but could be a good return on the cards for Prim: https://www.businessnewsaustralia.com/articles/autodesk-acquires-melbourne-software-prop-tech-payapps.html
Looks like some one is having a nibble
Yes I realise it due 30th November but they are not legally obliged to say if it hasn't been paid. Bushveld seems pretty shaky.