Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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no something
Indeed, and well over the ASK too, either mad or a prophet!
�24.75k Very nice!
I'd love to see a chart showing correlation between a new CFO joining and a fund raise happening. Otherwise you've just pulled that comment out of your arse.
Haven't they just added a CFO ? ( part time ) Big sign IMO of a fundraise on its way IMO !
I would hope that with increasing revenue and the reducing headcount, that a placing can be avoided. I am happy with my holding and currently doubt that I will adding at any price... In saying that, with the right news and a rise in the SP plans tend to go out of the window. As with every AIM company we need to be kept in the loop regarding progress with a good positive news flow over and above what is mandatory. Good news Good SP
Meant to write " part in any future share fund rasing to pay..."
Does anybody know which director this applies to? "The remuneration of the highest paid director is �181,280 (2016: �171,304)." �180k is too big a salary for a company thats lost >95% of its sharprice, suffered massive dilution and has burnt through shareholders money like no tomorrow - from a moral standpoint that should be reduced... �100k is big enough. Atleast until the company gets back on its feet again... I will definitely not be taking part in any future share to pay that �180k salary... especially when shareholders(luckily not myself) have done it already. It's literally a transfer mechanism, private share holder uses some of his �35k a year salary to fund overpaid directors �181k salary... Reminds me of the open offer by John Kennedy in June where he gave a share price discount of 80%. Then soon as he stepped down sold all his share. Little parasite.
To answer my own question re reducing headcount. Just re-read the RNS. "We anticipate the headcount reducing further during 2018." Good signs...
Where's all the Dosh Gone in 5 months ? My calcs IMO fundraise April / may
Been following the company for over a year now, am pretty happy with today's RNS, seems more realistic than any of John kennedy's. Still question if they could reduce the headcount even further - Why do we need 23 staff? Monthly Revenue here could come at the drop of a hat - would only take a deal or so with an ad publishing network - which there are plenty in todays digital world.
As I said earlier, I'm interested in the fact that there 'were' figures in the form of revenue and no debit. I'm really not thinking about the need to raise cash, and I hope neither are they. Life's too short, and I really don't do maybes! It is what it is and it will sink or swim. Currently it's treading water and has taken a few stokes in the right direction imo For me this was a punt I got locked into, but now with a reasonable holding and a low average is possibly why my idea of decent news differs from yours. This is an investment, and as much as I would love the company to do really well, at the end of the day I am mostly interested in my exit strategy as my other two AIM's I've held for 7 and 5 years, and one is still 60% down. Facts like these ultimately dictate our agenda. I have learned over many years never to fall in love with a share no matter how sexy it is.
Aerial - Your definition or standard of 'decent news' differs to mine ;-) It's a discussion on what was contained in the RNS. You cannot look at those figures and not think where the next cash injection is going to come from?
Boffster, also agree, depends how quickly he can scale the business. Needs a rocket of a sales team to jump in and hit the ground running.
Boffster Yes, likewise I was part of it, and totally agree with you. Hopefully an increased/maintained revenue stream will prevent a placing, but it is what it is. I have to say, I am less concerned today than I was yesterday!
With the RNS revenue earlier. I agree that at least we now have the potential to see a company which is profitable growing like a Phoenix from the embers of Kennedys Pyre. The costs are seemingly under control, but still I feel excessively large for such small revenues, but at least Mark Slade has a vision that could be workable. Lets see what the revenues are like Q1 of 2018, hopefully increased proportionally and we can see just how valuable a commodity these data points are. Probably a sigh of relief all round as we dodged a bullet. We still arent out of the woods so until then I will remain a sceptical optimist
It's a good RNS's, and rises as a consequence that attract attention to a share. There appears to be no lack of interest here, and I genuinely feel we will rise a tad more in the coming days once RNS is fully digested. imho
Aerial - I say this as a shareholder - the last time the company 'raised funds' the shareprice dropped by 80% - not sure about you but I'm not entirely wanting that to occur again - it is a valid concern
Why is it when we get the first decent piece of news for months everyone starts talking about a placing? If we need funds no doubt they will be raised, and if the SP goes up in the meantime no one will be over concerned. Let's enjoy the news for today at least! :)
If revenues are starting to gain traction - I do not think an H1 revenue of �1m+ is beyond the realms of possibility - then raising some additional capital ought to be a bit less devastating than last time. Thoughts?
Boffster - Agreed! I stated in November they would need more funds by December/January. They have managed to hang in thus far.
PS I do note one mistake on the release and that it implies we are in receipt of �1million+ for DPD. We actually received closer to �700,000 with the rest coming from performance bonuses which the business needs to meet in order to release the balance. Maybe someone can confirm.
Agreed, I think �475k , whilst not huge, is a decent start and more than the doom mongers would have had us believe. For balance though, I have to say that I'm concerned about the cash position and it seems likely to me that further funds will be required, before a breakeven position is reached.
Boffster it would have been more interesting if that had provided actually monetary figures for these consumers and data points. We are a very, very long way away to even think about getting our investments back. The big positives are clearly the impressive cost cutting they have done to date and the recognition by Slade that he needs to produce figures and revenue.
Boffster It would be too much to hope for an explanation for the extreme increase in data points per customer, but guess its just numbers unless privy to how they are calculated,...and there actual relevance re value etc... The key for me is 'Revenue' Not Losses or Debit