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First came the tight squeeze. Remember that? Frenzied buying was predicted. But the share price fell. It was lies. Now coming over the horizon will be the last chance to buy at the placing price. 2.75p, or 0.0275p for the olde worlde types. Ever get the feeling someone needs your money? That 3 month period before those loosely held shares are available to the market is fast disappearing. The starting gun for 25,000,000 shares to flood the market. Mambare, the flagship, is involved in legal proceedings. The JV is up for discussion. Not so rosy in Mr Parsons garden.
and that situation will perpetuate Partridge. After another 3 months another batch of 2.75p shares will be "unlocked" and thus free to be palmed off onto (imo) naïve mugpunters. And then after another period another batch and so on.
SP is only going to stagnate here until the next round of dilution comes along at which point all the recipients of the 2.75p shares are going to be extremely worried about being undercut I would think. We've already seen some sells at 2.65p.
Personally I predict there will be more of this as time goes on and as the 2.75p share holders seek to get out at least break-even. Just my opinion. DYOR
More sells appearing at a price below the recent mega confetti issue price of 2.75p (post consol)
100k @ 2.65p and a smaller sell over on the secondary market @ 2.65p
Don't forget to keep an eye on trades on the secondary market BTW which are additional to the trades you see here on LSE
Link below:
http://www.nexexchange.com/member?securityid=2074904
How many more sells like this will follow? There have previously been a few at 2.65p and a few more at 2.70p and 2.75p.
SP is clearly going nowhere imo. Few are going to pay a premium for the plethora of confetti shares issued at 2.75p imo so the holders either have to hold tight and risk running into the next dilution or sell now at break-even or for a small loss. As Partridge highlighted earlier some of the 7 billion+ confetti shares have lock in periods. These are the "Promissory Conversion Shares" which represent 2.6 billion shares issued pre consolidation. After 3 months the first 30% of those shares will be unlocked and available to sell on the market That's about 7.8m shares in today's money, close to 9% of the total issue of 89m. Then after another 3 months, another 30% of the shares get unlocked and so on.
It means there will be a constant influx of 2.75p shares available to the market through the year which will simply mean the SP is going absolutely nowhere imo. It looks to me like some of the confetti holders are proactively dumping now while they can for break-even or small loss. DYOR
MrMagic
It seems you have lost your shirt on RGM, it happens on AIM unfortunately, however as Doc Holiday pointed out in a podcast today saying 65% of RGM shares are held by a handful of investors and some are quite recent, these folks will almost certainly have the inside track on what is going on and have positioned themselves accordingly.
My bet is you Mr Magic will be proved wrong and from current levels RGM could multi bag, whilst you keep misleading people saying they have issued 7 billion shares it is in fact 70m from 87m issued, that is not a large number when sometimes AIM stocks can do 500m+ volumes in a day.
RGM simply needs some material news to deliver that volume, we will see if it comes or not shortly.
Sellers of the 2.75p shares can only sell one time and they are gone.
RRR selling a little of their shares. Is that a recommendation for Recency shares from Mr Kaintz? Was not the future bright in the RGM video a few days ago? Always best to be the first mover. When the "3 month shares" become available it could be too late to sell. Best to take the cash off the table now. Return it to RRR. Not a great amount but impressive sentiment. If there is one person who has the inside track it could be Mr K. Would he have gone to Australia for discussions with the JV partner about Mambare and the legal proceedings? Would he be party to the next step for RGM and the cost in terms of cash and shares. There is a signal here and it is not positive.
Red Rock Resources and RGM share the same office. Plus RGM ceo Scott Kaintz works at Red Rock Resources. Kaintz is pretty much second in command at Red Rock.
That Red Rock are starting to sell their RGM shares doesn't scream positive to me.
Hawaii - "you keep misleading people saying they have issued 7 billion shares it is in fact 70m from 87m issued"
No I really don't. There were 1.5 billion shares in issue. The company then added a further 7 billion+ shares to settle various debts and the like. Those shares were all issued at 0.0275p as per the RNSs which clearly state this. The same RNSs dutifully declared that all those "transition shares" then represented over 80% of the resulting share issue.
The shares were then consolidated on a colossal 1-100 basis. Remember the shares had already been consolidated on a 1-20 basis just 4 years before in 2015 !!
The POST CONSOLIDATION equivalent is that there are now 89m shares in issue and over 80% of them were issued at the post consolidation equivalent price of 2.75p and that is why the SP has so inevitably sunk to that share issue price and the reason why nobody is really interested in paying a premium for that plethora of confetti.
Doubtless your rantings here are the result of personal concern which suggests to me you are one of the recipients of the 2.75p confetti shares and are frustrated that you aren't getting to sell them at an easy quick profit at the expense of naïve mugpunters. I haven't the slightest iota of interest in anything Doc Holiday spouts. His reputation is well known imo and not a good one.
Waiting for material news again is somewhat desperate imo. The number of 2.75p shares issued is huge (at over 80% of the issue) and that is always going to be a drag on the share price. Made worse by the fact that some of the issued shares were locked in for various periods and will start to be released after 3 months have passed from the issue date and then another batch 3 months later and so on. It's essentially like a perpetual placing at 2.75p and imo will see the SP stagnate the entire year. Mugpunters are imo not interested in giving the recipients a quick easy profit at their expense and neither will they be if/when any news is announced. They will always be at a disadvantage to those who got discounted shares and who will imo inevitably sell into any spike. The SP is going nowhere imo and time ticks on to the point where doubtless another confetti issue will be made. Same old. DYOR
The main thing for RGM is that they need to get a quote for the Grid Connection. The quotes are hugely variable in timing and cost but they have a substation right next door so it should be on the quicker side and the lower cost side.
Once they have the Grid Connection quote, everything else falls into place. They will then know what kit is needed and when; they can then deal with any local authority planning issues. Given the nature of the site if they are any planning requirements rather than building regulations they should be minimal.
See the corporate presentation. Once the peaker is up and running, it is money for old rope. The system is that the grid and/or Scottish Power puts out what is called Requests for Quotes and we then bid to supply.
DYOR
It might only be a technicality.... But Magic, you are wrong.
The shares were issued after the GM, after the consolidation, and the number was millions, not billions.
Hawaii is absolutely correct in what he said, but it's all tomatoes/ tomatoes.
As Helpful points out.... Get the grid connection and LPA tweaks sorted, then the Southport Energy Centre can be brought online with relative ease.
There's a massive amount of planning info & approval already in place there.
Is that true? What about Mr Parsons options? He was issued with 304,000,000 options. And you cannot consolidate what isn't there. Mr Magic is correct.
JP's options also subject to the consolidation, thus 3.04m
Unfortunately those that have lost their shirts under previous management will never let it go, this is AIM and there is massive risk.
Timing is key to making money and grabbing a good % of shares whilst the herd are still looking - now is that time, it is very interesting to see the shrewd folk who are well followed on social media buying in here right now, this will snowball.
If the likes of Andrew Bell at RRR and others want to sell near bottom no problem, these shares will soon be gathered by others, sit back and enjoy the upside ahead in my view.
Apart from some 10k plus and minus argie bargie just small punts. Like to see some informed heavy buys
Was that a 500,000 delayed sale. I wonder who is selling. Boom indeed. Some back scratching going on. Allowed a mate to get out above the 2.75p placing price. Why are people in the know selling? Back to your positions tomorrow and the day after. Got to pump the price up. Your money is required to give to someone else. I'm really panicking. I hear on the grapevine someone has turned a light on in Southport.
Stephen - "The shares were issued after the GM, after the consolidation, and the number was millions, not billions"
As per the RNS concerning rounding shares which stated:
"and accordingly be a suitable number to issue 7,170,440,985 new ordinary shares in a consolidated form of 71,704,410 ordinary shares of £0.0001 each on 24 December 2019."
Tomatoes/Tomatoes indeed. The fact that the ramp squad feel the need to distinguish is frankly laughable and testament to the fact they want to play down what happened Nothing changes of course. Masses of new shares were issued at the equiv price of 2.75p to the extent that over 80% of the resulting share issue comprises (or will) of those 2.75p shares. Slice and dice it anyway you like but it's a turd that can't be polished.
Hawaii - " these shares will soon be gathered by others, sit back and enjoy the upside ahead in my view"
Your sudden presence here is notable as you've previously ramped these POS shares as has Harry who has also suddenly appeared. Strongly suggests a need to shift lots of those 2.75p shares. Good luck with that.
The fact is that the various people involved obviously insisted on shares at 2.75p rather than market rate. So no I don't think that plethora of 2.75p shares is going to be bought up any time soon. Anyone who pays more than 2.75p is just giving those holders a quick easy profit at their expense. History shows us that if people do that then the placees just return for another bite of that lucrative cherry and you get yet another dilution, ad infinitum until punters realise the SP is going nowhere and they are the mugs left holding the baby every time. I actually believe that point came some time ago both with RRR and RGM. They have been dilution pits for years and will never change imo.
Partridge - "Was that a 500,000 delayed sale. I wonder who is selling"
Keep up old bean. It was Bell over at Red Rock Resources.
https://www.lse.co.uk/rns/RRR/holdings-in-company-hwh1pbz1tbah5z1.html
RRR sold 24.5% of it's holding in RGM
Looks like they don't buy the ramping tosh spouted here either. Explains the sudden experience of past RRR rampers too.
Same old
RRR holding went from 6.5% to 4.91%. By my calcs that's about 1.4m shares unless I've gone wrong so expect another late reported trade imo.
I personally doubt Parsons even comes into consideration. RRR and RGM have such bad repuatations imo as pure AIM lifestyle ventures for the personal enrichment of the BOD that people have learned to stay away. Both companies are serial diluters who have always hooked up with the likes of Yorkville. What I would these days call sucker stocks. They just churn out confetti, projects never go anywhere, the confetti is sold onto naive mugpunters for a quick profit and they are left holding the baby, meanwhile the BOD take lots of cash in salaries and admin and other expenses. This is how it has been for years and why Bell had to go here. Unfortunately they didn't remove all of the old BOD and that will remain a problem for many I would think. Pointless to expect anything to be different with these companies imo. They will continue to just keep issuing the confetti at discount to crony lenders and the SP will continue Southward until it becomes necessary once again to perform a share consolidation to hide the embarrasment.
Share here consolidated 20 to 1 in 2015
Consolidated again 100 to 1 last Dec 2019
Same old.
Shares are not worth anything over 2.75p and likely less than that imo. DYOR
Interesting consolidation figures:
2000 shares consolidated to 1 (currently) share
Or every £2,000 reduced to £1
What's the opposite of B.........OOM! No wonder the management take shareholders for fools.
Partridge, I'm not sure you understand how a consolidation works.
For example...
Pre consolidation 1,000,000 shares at 1p = £10,000
A 100:1 consolidation has the following affect, you divide the number of shares by 100, and multiply the share price by 100
Post consolidation 10,000 shares at 100p = £10,000
Thus, the £££ value of someone's holding is exactly the same as before.
The bashers will pluck at anything to try to stop people buying but it is not working - anyone checking the RNS feed for Regency will see a plethora of new holdings statements from some pretty well healed investors over the last few months.
The only real sellers at current levels are advisors (paid in shares) and the likes of Bell at Red Rock who are cash strapped, many of the 70m 2.75p new shares are held by previous shareholders who have averaged (probably from 5p+) and will not be selling anytime soon.
Currently the stock is well bid and the buyers are slowly taking control, when this moves it will be fast, you have to be in it to win.
Hawaii - "when this moves it will be fast, you have to be in it to win."
My god you can surely do better than Boiler Room Ramping 101 material ?!
It's like a coiled spring . . .
This will fly . . .
Wouldn't want to be out of this over the weekend
Do you really think mugpunters fall for that absolute BS anymore? I'm afraid they don't.
This and RRR are utter POS AIM shares that have nothing but ruthlessly dilute shareholders for years. Sucker stocks imo.
Over 80% of the current stock in issue was recently issued at 2.75p. Worthless confetti and your presence here is confirmation for me that certain holders are getting very jittery about not being able to flip them onto mugpunters.
Same old. SP is going nowhere here for a long time. There are millions of 2.75p shares waiting in the wings to be released in 3 month periods. That's what you call a perpetual overhang. Shares are not worth anything above 2.75p imo. I'd consider myself an idiot to buy at any price north of 2.75p and given the mass share issue a few weeks ago I can't see any investment proposition here. Just the age old "jam tomorrow" hopes and dreams story to try and shift confetti shares.
DYOR
Thanks for the consolidation lesson. It really helped. The £2,000 reduced to £1 was based on a share price of 9p+ in 2010 to a share price of 0.0275p in 2019 with the 1 : 20 consolidation inbetween. Plus the 3-food increase in issued shares. No wonder long term shareholders cannot sell and move on. Dealing costs would mean they are paying to be rid of their shares. Only more of the same to come.
https://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=RGM&Size=620&Skin=BlueWhite&Type=2&Scale=0&Span=YEAR10&MA=&OVER=&IND=&COMP=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0
Yep, I fully agree, We must concentrate really hard on what happened 10 years ago because it is the only thing that is relevant now. The fact that peaker plants didn't exist then, Parsons wasn't involved and RGM was a completely different business should not distract us from concentrating on 2009.
In reality, the only thing that matters is what happens from here on in. The past is irrelevant to what happens next.
FFS.
yep, I fully agree, we must concentrate really hard on a couple of small changes and totally ignore the repeating business model that has been used here over the past 10 years, with confetti being issued over and over and over. I mean it's not like any of the original BOD are still here and it's not like the company has just continued that model by issuing gazillions of discounted shares such that over 80% of the current share issue now in place was issued at 2.75p . . . . . . ..
Oh wait . . . . . . . !