Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
Does not mean no return does it! At this stage they can’t be certain.
Come on Latino you have been around these shares and RNS releases long enough to know how this will go
See some positives in that RNS, firstly no discounted placing but straight sale now. Secondly, they are not talking to one but a number of parties but a short list so this could easily end up a bidding war….dyor just my thoughts like always maybe wrong (many times as you know!)
I'm still in at 1.19p Latino so I hope you are correct but I think its only going 1 way unfortunately.
We definitely need an ITS type miracle to happen.
How thees companies get themselves into so much trouble from the highs they were once in always baffles me.
Of course there are outside circumstancesike Covid that is out of their control but other companies survive the whole DIY/ home improvement sector flourished during lock down so how was this so badly managed by the board of this company.
I'm still in at 1.19p Latino so I hope you are correct but I think its only going 1 way unfortunately.
We definitely need an ITS type miracle to happen.
How thees companies get themselves into so much trouble from the highs they were once in always baffles me.
Of course there are outside circumstances like Covid that is out of their control BUT other companies survive without these debts and need for drastic action.
The whole DIY / home improvement sector flourished during lock down we were told, so how was SFE so badly managed by the board of this company.
Hi, i'm fairly new to this so dont really know how it all works but am following quite closely. A family member recently purchased shares thinking it would be a good investment - will this now be a loss for them do you think?
There is one hope for shareholders here. As they're talking about offloading the underlying operating companies it could potentially leave the shell. It's only AIM so not as valuable as main market so nothing to get too excited about.
That scenario happening requires both their brokers to be clever about it and that the subsidiary companies are at least sold for breakeven or neutral enterprise value - as in not leaving any creditor deficit.
Ah ok, so the shares i believe were purchased at the 2p rate. Obviously since then, i know they have dropped down to the 1p rate. DO you reckon it will be a straight loss or, is there maybe some hope to this? I was also going to invest in some shares but now i'm grateful i didnt!
I couldn't really advise what they should or shouldn't do, but it's not necessarily a straight loss yet with the shares still trading they can still get something back simply by selling, albeit at a loss. If it goes to administration that would mean shareholder wipeout. I can say that as investments go right now it's as risky as they come.
At this price its worth a gamble. thinking of buying this until a buyer steps forward. Do they still have assets of £60m (liabilities of £40m)?