Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Because the selling is relentless. I pray Lombard know what they’re doing because for me it’s the only reason to stay invested. I have as little confidence in this management as previous. I think eyetracking is probably being optimistic seeing 10p sometime this year. 6.1p will probably be the year high
Baxter
As sure as night follows day Lombard knows a hell of a lot more than you, me or anyone on here and they are buying!
Red well said totally agree with your comment GLA
So Lombard are at 18%, it’s doubt full that Lombard can make a play for the company as they are an investment fund. However how easy would it be from them to be buying for someone else? Could they sell there complete holding to a third party that could then make a bid? Could this be part of their strategy?
Looking at Australian take over rules again, my own reading of these is that;
- Those that are making the bid can’t vote on it;
- a successful vote must be of a least 75% of those who voted;
- and a minimum of 50% of the those permitted to vote, vote on the resolution.
It seems to provide a pretty good protection against predatory takeovers, unless I am missing something.
I keep coming back to the thought that Lombard are buying and selling. They could feed shares into the market taking a profit but the sp goes down. They then hoover up the shares that others decide to sell. When they reach 19.9% I guess they stop selling , and the sp goes up and up. All we see is the Net change in the RNS. The last two lombard RNS were at 4.3p so things may be moving upwards. Whether this theory could account for a 23 million gain I do not know.
What I find interesting with LO is the fact they could have bought all these shares at the last fund raise but we were told no-one would pay more than 3p but here they are paying closer to 5p.
Also our derampers like to tell us that due to the extra shares their was a huge dilution, however, whereas this may be true but with nearly 20% taken out of the market by one II, We are back to where we were.
Lombard, as most of us here, keep topping up when possible for a few reasons
1) DMS has been mandated as compulsory in the EU.
2) SEE has had DMS in operation for the last 10 years.
3) SEE has many many years of competitive advantage over the 2019 DMS startups.
4) Eye/gaze tracking is the next step for computing, mobile tech etc.
Lombard most likely couldn't get all their shares in the latest fundraising. Also, wasn't that pre ENCAP?
Zequic....from what I know of dealing with LO corporately you are correct they are an asset manager and not in the business of takeovers / control acquisitions etc.
I would love to know what LO entity they are acquiring the shares for as that maybe an indicator of their motivation i.e. for a financial return to a LO fund or on behalf of a client. If the latter they would have to declare who has beneficial ownership so not to breach any takeover rules.
As they buy more the plot thickens.
WHL, I think someone said it's the 1798 Volantis Fund
#Team300
Yes, Seeing2020 you're right. I posted this on the 18th December in response to some question. "1798 Volantis. They take big stakes (up to to 29.9%) it would be 19.99% for SEE and try and get a place on the board."
So I guess they haven't finished buying yet and Cenkos look as though they've been helping them acquire PIs shares cheaply. Baxter I do hope you haven't sold yours to them?
Volantis Capital was acquired by Lombard Odier Asset Management in order to grow their alternatives platform. 1798 Volantis (a team of 9 with 6 investment managers) invests c£1bn in UK listed and unlisted companies through both equity and debt. As a team, we sometimes take large holdings (up to 29.9%) and this lends itself to also taking board seats as part of our stewardship, active engagement and value creation approach."
They own 25% of this company and have a seat on the board
https://www.woodbois.com/about/team
Also on the board here
https://www.wameja.com/investors/directors/
JAMIE BROOKE??
NON-EXECUTIVE DIRECTOR
Jamie has over ten years of quoted small cap experience alongside ten years of private equity and venture capital experience. He is an ACA, has a Mathematics degree from Oxford University and an MSC from UCL. Jamie is lead Portfolio Manager for the 1798 Volantis Catalyst Funds I & II and also leads the team’s active engagement capability.
Jamie was appointed to the Board in October 2018, he is an employee of Lombard Odier Investment Managers, a significant shareholder in the Company and previously sat on the Board between 2010 and 2013.
I would, personally, be happy for a large SH to have a seat. Might give them a kick up the jacksie when it comes to comms.
Esc, I agree, also makes them more sticky, you dont take a seat on the board for a short term trading position
Anyone had the time to work out when LO will hit 20% based on their current buying rate?
Z
Imminently!
To answer my own question now I’ve had a chance to look at the RNSs. It appears that LO are adding 1% or so every 2 to 4 weeks, so 20% in the next 4 to 8 weeks. I wonder if they will go to 20% exactly as it’s only when you go over that you have to make a bid.
Totally agree that a seat on the board would help. Although if you care to take a look at the share prices of both those organisations they have that strategic function with they dont appear to be having much impact!! Although, who said investing was a 2 minute job!!
Anyone able to unearth info on the fund to see how well it performs?
Ah interesting find.
Wameja was another share mentioned by Mr Menon when priced at 5.95p.(haven't looked to see if any dilution).
Our old acquaintance Lorne from Finncap was the analyst and had a price target of 20p back in 2018. Now we see that LO are a major shareholder in Wameja and SEE.