Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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£400k cost savings!! Everything being directed at payments.
What if a few of Tintra’s “UHNW’ clients decided to buy shares, with the few that are in free float times would be very “Exciting “.
Bounty,
Agreed. For anyone who might not be aware, Tintra can take 29.9% of SJH for less than £200,000 which might scare some off but if you look beyond that and see the bigger picture, this could be like the equivalent of Peter Jones when he bought into Levi Roots Reggae Reggae sauce on the Dragons Den. The rest as they say is history....
The businessman asked for £50,000 for a 20 percent stake in his barbecue sauce company.
After impressing the dragons, he was given the investment by Peter Jones in exchange for 40 percent in the business.
In 2010, Levi was quoted saying the value of the business had increased to £30million.
Options to Acquire Ordinary Shares
In consideration for entering into the Agreement, Tintra will be issued two options to acquire Ordinary Shares:
· Option 1 - an option over 462,311 Ordinary Shares (equivalent to 9.9% of the issued Ordinary Shares as enlarged by the exercise of Option 1) exercisable at a value of 10 pence per Ordinary Share, for a total value of £46,231.10, to be settled by invoiced Management Services of the same amount. Option 1 may be exercised within 1 year from today.
· Option 2 - an option over 1,332,328 Ordinary Shares (equivalent to 20.0% of the issued Ordinary Shares as enlarged by the exercise of Option 1 and Option 2) exercisable at a value of 10 pence per Ordinary Share, for a total value of £133,232.80, to be settled by invoiced Management Services of the same amount. Option 2 may be exercised within 2 years from today, but not until 30 days after the exercise of Option 1.
My take is that Tintra have not invested to be a 30% shareholder in a £2m company. They have used the services to meet their customer needs and can now look to roll this out in their various markets in the Middle East, Africa and Asia. Big things are expected to happen here
Enjoy this: The full article is shown in the link provided below.
https://www.finance-monthly.com/2021/06/the-ever-increasing-need-to-apply-frictionless-banking-technology-to-cross-border-transactions/
The Ever-Increasing Need To Apply Frictionless Banking Technology To Cross-Border Transactions
There has been a real drive towards ‘frictionless’ banking in Western countries, giving rise to the question: why aren’t cross-border payments equally frictionless? Especially for those in emerging markets, who have everything to lose and much to contribute.
Richard Shearer, CEO of Tintra, explores the importance of frictionless banking technology for cross-border transactions.
At the height of the pandemic’s first wave, the BBC ran an article on the struggle for migrants to move money from one country to another in lockdown conditions. The story of Liberian national Arthur Beare was striking. He said that it was almost impossible to receive remittances from other countries because he couldn’t access banks or transfer shops: either the banks “ask you to leave” or else it takes five hours to get inside. Many people in emerging markets depend heavily on cross-border payments to survive, so Arthur’s lack of access was a life-or-death situation. This kind of financial exclusion needs to change.
On the other side of the coin, there are stories like those of Chandra Ceeka, an IT consultant living in Britain who sends money home to India. Although he can make payments online, he “doesn’t get the deals he used to” from local transfer shops, costing his family vital funds at a dangerous time. Of course, if Chandra only wanted to make a domestic payment within the UK, there would have been no such issue. There has been a real drive towards ‘frictionless’ banking – ways of making transactions as quickly, easily, and cheaply as possible – in Western countries. And, with the arrival of the pandemic and its social restrictions, this drive has been sped up considerably. This gives rise to the question: why aren’t cross-border payments equally frictionless? Especially for those in emerging markets, who have everything to lose and much to contribute.
Navigating “a devil’s obstacle course”
The inefficient state of cross-border banking is certainly not due to a lack of enthusiasm. Let’s put aside the 800 million migrants who send money home (according to the UN): even then, we are left with emerging markets who are very happy to embrace the digitisation and technological advances that fuel frictionless banking. These regions have young populations who are digital natives, hungry for speed and convenience.
60p by close tomorrow, slowly building next week !!!!
Now back to the classic’s for the next couple of weeks.GLA
Thinking maybe bed and isa but qty variations not normal.
Another trade reported as a sell but......
Nearly correct
That crystal ball need an Xtra polish.
News update from earlier this year which new readers might appreciate:
Gulf based family office and investment business takes position in AIM listed entity St James’ House
Gulf based Family Office and investment company, Tintra, has completed a transaction that will see it ultimately holding a 29.9% shareholding in St James House (“SJH”) PLC.
SJH PLC has had a challenging few years, but holds valuable regulatory licensing and technology across banking, gaming and legal sectors.
The company specialises in the development of simple but effective technology solutions that enable organisations and their clients to safely transact in the advancing digital environment.
With five sub-brands operating under the SJH PLC umbrella, Tintra has worked closely with St Daniel House – the groups’ lead on financial solutions for businesses - for over three years to support its own client base.
In recognising the unique nature of the St James House solutions, Tintra approached SJH to discuss a strategic collaboration, culminating in an agreement that will see Tintra provide its expertise whilst taking advantage of the licensing and technology that it itself lacks.
Having built a leading reputation for providing solutions and best in class cross-border investment strategies to its emerging market clients, this acquisition will drive Tintra’s focus on implementing uncomplicated solutions.
Richard Shearer, Director of Tintra, explained: “Having worked closely with the St James House PLC team for several years, it became increasingly clear that we have strong business synergy that would enable us to drive innovative change through the power of technology and our existing models and strategies. Whilst St James House PLC has an excellent product and regulatory permissions, Tintra has access to a vast marketplace, underpinned by our reputable name within investment, especially in emerging and frontier markets.
We are, therefore, delighted to have completed this transaction with St James House PLC and, with some strategic changes, are excited about what the future will bring.“
Tintra is now in the process of implementing a change management strategy for St James House PLC, which will encompass corporate governance, HR, policy and Sales and Marketing. This, in turn, will drive the business plan and budgets forwards and will be released to the market within the next 90 days.
Interesting Buy just printed
Did you listen to the interview he gave? He came across as someone with a clear plan to target IHNW individuals and families plus companies who live or work in countries in ME and Africa + Asia who a have need for the kind of services he can deliver with Tintra using established connections and SJH platforms. These will be completely new markets for SJH but not for Tintra who are known and trusted by those he will be targeting so sounds quite promising? Could be that this will be a great synergistic way forward? He was also talking big numbers in the value of transactions that could be managed by Tintra on a regular basis as funds move from country to country etc. I still think that SJH may also have a little nugget to show us in the new insurance claims business they started last year + the updates we were seeing for payment and card services were very bullish in % terms of month on month growth. At just a £2m MCAP this could be an amazing stock to be buying now.
Sjh has had some brainwave ideas over many years and all have resulted in news blackouts and ultimate failure. Tintra looks to offer a bright future to sjh and I look forward to future developments
The 10k has not happened but I am expecting it to come, as I believe there is a transfer of shares taking place.
Perhaps a holdings RNS following.
I am not seeing it but there is a sell...god knows what posses some people with trades like that last one though?
Waiting for the buy of 10k at full ask !!!!!
Someone will buy in the next hour if I’m reading this right
Seller about this morning, no doubt another stale bull exiting but imo their timing totally sucks with what could be some good news to come here by month end.
Share transactions.
3wks to the arrival of the herd ???
Maybe still a lot of shares inbottom drawer. I know how i have had to average down possibly a good few in the same boat. GL NU . Only a few posters but appreciate all your input GBt too. One day the herd will come......
Me 2 just wish those stale bulls would wait longer to sell. Some buying momentum could make a real difference to the SP
Said i wouldn't but bought a few more ..... GLA weary and long long term holders :-)
TBH thanks for link to podcast. This could be a game changing move for us. The name change to me is important ,tintra clients who are happy to continue using a known system, that works. If i remember we had high value transactions in the pipline b4 tintra was involved. This is an exciting time..... GL
At just £2m it won't take much for that to happen and 65% of shares held by management etc.