The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
You could also speculate that someone is building a position in Red on the cheap. 115 million shares were traded since the RNS and prior to yesterdays live. IF it is one buyer mopping them up that represents 7% of the company and with the OO giving them the chance to buy 1 in 7 that is another 1% as I'm sure Red won't mind it being oversubscribed. That is quite a large chunk of the company for peanuts.
I personally feel the SP will rise to 2p and the OO a sucess (for Red, not us). However I have been wrong before and will be again no doubt. I have not sold and I continue to hold but I want out, I HOPE to be able to sell at less of a loss based on the 3 big orders mentioned in that dire RNS.
I agree with your comments Mikemine. The tough stuff, R&D and seeding unit costs are what has caused the damage. I think there was an element of poor management being too ambitious increasing the overhead staff costs too quickly, but hindsight is always easy, things must be looked at in the context at that time. I agree the big investors can easily buy-in further they are not big £ to their wallets. I also see venture capitalists waiting in the wings these guys are expert and moving in at the right time. They would cause an instant rapid increase in SP
The circular and presentation were on the RedT website - under Downloads in the Investors section. The slides only really say the same as the circular, but with fewer words!
I'm in Majorca atm and have no passwords etc to get in to my trading account so have been unable to buy or sell.
In this position I decided i couldn't bear to see the carnage that I thought would ensue after my last log in to the BBs on Monday morning so this is my first log back in. I'm greatly surprised to see the SP at this level but I would greatly appreciate an update about what has happened since Monday. I've seen the RNSs but someone was talking about a presentation.
My take on the circular, for what it is worth, is that PI's probably won't take it up if the SP remains sub-2p but IIs probably will. The reason being is that these guys have 10s of millions of shares and couldn't possible sell them on the open market so they have a choice of bunging a few more quid in to RED's pot to allow them to retrieve the situation or let RED go under making all those millions of shares worthless. If I was a fund manager I'd go for the first option as RED were, and still might be, on the cusp of a breakthrough in sales. RED is not in the R&D stage now so they wouldn't be paying for that which would be more problematical so I think a small further investment could be justified.
From our point of view if the fund raise is successful my opinion is that the SP will go above 2p and who knows what the BOD will come up with in the next few months. Don't take any of this as advice. It's only my opinion.
Could this reach 2p today, after 50% rise yesterday ?
Surely anyone thinking of buying anymore will NOT do so in the OO, but rather buy them on the open market. A couple of days ago you coulld have bought for less than 1p. That was the time to buy, not at 2p on the OO.
I'm sure they stated that they have been delivering machines to customers. Who would buy if the company is this close to the wall, where would the support be? If I were anglian Id be trawling through the contract looking for a get-out clause.
I'm not in for any more, mentally it's written off, if it recovers great, i've already suffered the pain.
Very good question!
Having read through the presentation and accompanying circular, I guess that the "incentive" for investors to subscribe are mainly that if they don't there is a risk that the 1.35p now will become 0.0p in the near future!
Also, the claim by RedT is that if they raise the money, the company may get to the point where they are actually delivering machines to customers (eventually).
I guess that it is for each investor to decide for themselves whether to take up the rights or to cut and run. Having lost over 80%, I am not sure that I would want to chuck more money in on the off chance that this comes good.
Very good question!
Having read through the presentation and accompanying circular, I guess that the "incentive" for investors to subscribe are mainly that if they don't there is a risk that the 1.35p now will become 0.0p in the near future!
Also, the claim by RedT is that if they raise the money, the company may get to the point where they are actually delivering machines to customers (eventually).
I guess that it is for each investor to decide for themselves whether to take up the rights or to cut and run. Having lost over 80%, I am not sure that I would want to chuck more money in on the off chance that this comes good.
What's the point to get EX-RIGHT at 2p if the share price it's 1.35p now?
Just wondering if part (or all) of the reason for the trading interest today was that the shares went ex-rights yesterday?
Apparently for every 7 current shares (@~1.3p/share) we get the right to buy 1 new share for 2p.
Not entirely sure that's good value for money - but presumably if I now sold all of my existing shares, I would still "own" those rights.
In the olden days the Directors put their money where their mouth was e.g.******warning this is an old RNS *****July 2013 Camco Clean Energy plc was notified today that Scott McGregor, Chief Executive Officer, yesterday purchased 2,500,000 ordinary shares of the Company at a price of 1.6 pence per share. Following this transaction, Mr McGregor has an interest in 4,087,746 ordinary shares representing approximately 1.96 per cent of the Company's issued ordinary share capital
You're not the only one who wants the technology to do well. I am personally interested in flow batteries and was the entire reason I spoke to so many people at the event. Lithium is the future for EV's. Stationary storage still has a number of options available. Distribution and transmission network support, I think is ideally suited for the technology. Lithium will play a greater role in residential and commercial applications where space is a factor.
@loudspeaker I spoke with Volterion not voltstorage - close :)
@serenus I didn't say it wasn't a cost effective solutions, I was eluding to the large capex required to install the systems. Businesses in Germany, Denmark and Australia are all looking at VRB positively.
Maybe someone looking to increase their shareholding before buying it out?
Trying to make a couple of bob before it’s crashes again. Some will be caught on the spike as usual
Just trading driving the SP. It has been pointed out that some 115million shares have been sold and bought up by someone since the crisis broke. There is very little evidence (until today) that it was PI's buying. Thats some 7% of the company been swallowed up at very low prices.
SP on the up !
Is there a college or university that these CEO’s go to learn how to lie to investors. They all seem to say a similar thing yet knowing they are going to rip off investors in the next couple of years.
It also states on there the company manages funds investing in renewables from its offices in Africa. Was anyone else aware of this?
https://uk.linkedin.com/in/scott-mcgregor-b4b160
Scott features in the Financial Times top 50 LGBT buisness leaders as noted on his linkedin.
'infact' - couldn't agree more re AIM, and the market in general. The consensus for a while now is that we're due a major crash but maybe instead of a big implosion it's a controlled demolition, one company at a time as they capitulate to extensive debt burdens due to the cheap credit post 2008 and years of making NO profit. REDT is just another example of acceptable fraud in today's increasingly corrupt financial markets.
@MKx007..... I think you may have spent too much of your time at the trade centre in hospitality.
As Voltstorage and Vanadis didn't present.
yea your right not laughing, gloating...
usual AIM stuff, PIs on board but given the mushroom treatment, I am not in for a lot here but I have a number of AIM shares which were caregfully selected & looked like good bets, virtually everyone on them is tanking. I am starting to think the existence of AIM is merely to a device to milk private investors.
‘Neil brings substantial experience to the Strategic Review having previously been CEO of AIM quoted Alkane Energy which he joined in 2008. Under his leadership, Alkane achieved rapid output increases through a combination of organic growth and acquisition activity. Alkane expanded its UK portfolio of baseload power generating sites and established a leading position in the UK back-up power market covering winter peaking, National Grid "STOR" programme and the capacity market. In 2016 Alkane was sold to Balfour Beatty Infrastructure Partners for £61.4m.’ Anyone shine light on Neil O’Brien and or Alkane Energy and alleged successes? If so and RedT dead in the water, why would he take up the reins? If he has a good reputation from past success (as claimed in RNS and quoted above) why would he risk that here?