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Name change from today
Apt ticker for an explosive bumpy ride in the next few months.
BOD changes, New appointments,PPS sale, Business consolidation, Continuing growth,Acquisitions, Dilution, Primed for an RTO. And that’s for starters. AIMO.
Decision :Hold this could really kick off.
Started as a Punt now more like an obsession. GLA
Started: greybadger, 30 Jul 2021 13:31
Last post: Newuncle, 31 Jul 2021 09:34
We have also engaged with OTC Markets to commence the process of a reciprocal trading facility on the OTCQXB Venture Market in the United States. This market is designed to allow developing international companies to be publicly traded in the United States. This is a cost-effective way for our Company to be able to provide access to our stock to US investors
Well,no mad exit for the door,the guy seems quite sincere in his beliefs.Will stick around (for better or worse),give him the benefit of the doubt and see what happens in the coming months.
Over.
Quite encouraging, Richard Shearer appears to have the drive/ enthusiasm to succeed, but not a quick fix.
Has a clear vision of where he wants to be ,but when questioned about the the business plan would not commit to numbers.
New appointments will come from the open market
The majority of points covered by the RNS
Shares back in the bottom drawer for six months !!
Started: TheBountyHunte, 27 Jul 2021 12:08
Last post: gary25, 30 Jul 2021 13:27
Well theres your statement,still digesting it,the vision looks good,but is it obtainable.The wait goes on.Looks like it has knocked all those other previous positive statements into Touch.Who do you believe?
I see MMs are still reporting buys as sells due to the spread they are operating.
Yes Gary, I do hope the AGM statement includes Richard's commentary as they won't get many participants at the AGM, if any.
All resolutions passed.Though some sort of statement would be appreciated.
Let's see what the AGM at 11 am today brings,
Gary,
100% agreed. He and his other feature writer are targeting SJH because it's an easy one to go after. They have been attacking SJH and directors/shareholders for years and years. Their mantra hasn't changed and neither has their nasty undermining features. I hope the new CEO and rebranding shows just how wrong they are.
Started: greybadger, 25 Jul 2021 11:59
Last post: greybadger, 27 Jul 2021 11:58
Not as exciting as I hoped,interesting maybe.
If read correctly another RNS due before Friday on strategy going forward,maybe that will set the ball rolling!!
Different company going forwards, I think it was a good update.
There will be a number of new announcements coming through the summer that will outline further steps in the transformation of the business. Our growth will be organic and inorganic, supported by great talent we are putting in place in the right roles after right sizing the business to build an efficient foundation. The investment that Tintra has made to date underpins that base, supported by a robust corporate governance framework that makes sure we are operating using best practice in each vertical. These activities are to form a central component that have and will form an imperative part of the business going forward as we look to scale over the coming months and years.
I look forward to continuing at the same pace with the same urgency to ultimately begin to deliver value to shareholders with a defined vision, an executable strategy and the changed management tactics to fulfil unlocked potential."
I thought war and peace was long winded. Basically we are moving forward.....
Results out
Quote : “ Exciting”. —“ Interesting Times”. !!!!!!
Started: greybadger, 20 Jul 2021 12:17
Last post: Newuncle, 20 Jul 2021 15:43
Well that didn't last very long. Some of us used this as an opportunity to add. Maybe I am being ******** doing that, we shall see. My previous comment re the seller earlier this week was purely that they would have been in a more informed position in just a few more days to decide on whether or not to sell. Today's seller (and no one knows who it was) just meant that MMs gave us a chance to increase our interest here. If it crashes next week so be it but right now I expect to see our new man to show why he came in and what he can deliver via the TINTRA brand.
Good
More good news for you Gary, the SP is down again.
Shares can go down as well as up,best get your head round it.
Calling someone a ******** because they sell their shares is somewhat Juvenile.They will have had a reason whatever it was.Nobody elses business.End of this conversation.
Agree TBH maybe we are about to sell PPS and they are trying to raise some capital.
Could be one of the sjh team liquidating as they move on
Started: greybadger, 19 Jul 2021 09:36
Last post: Newuncle, 20 Jul 2021 11:55
Whatever. Glad you seem to be enjoying today's drop at least, you must be very happy.
Maybe not so much of a clueless shareholder after all.AGM should be interesting,maybe all will be revealed then.Might found out then who are the clueless ones!
This seller is being a real dick imo, why he couldn't wait another week I don't understand at all as he must have been holding these for a very long time. A clueless shareholder, hope he has run out of stock now.
The Old BOD have been very accommodating in the past ,whether RS the incumbent CEO is the same, time will tell
Hopefully the results AGM to be held Mid August , we are able to ask questions not associated with the results. Time has already been set aside for that one. Still trying to log into the virtual on the 30th if I am not engaged in other commitments at 11 am and can get internet access.
Started: TheBountyHunte, 16 Jul 2021 10:21
Last post: Ian.B, 16 Jul 2021 18:17
Will be interested to see what the plans are pre agm. Still holding some stock here though rarely check on it . Hopefully they will surprise us one day.
Nibble Nibble buys, good to see people taking an interest. Updates due w/c 26 July, not long now. New Man at the helm will drive this forward.
The additional loan is likely to produce further dilution, but the big picture is Tintra are putting top resource into this project and has a clear vision as to how this will benefit Tintra clients and sjh. Looking forward to more details of business plan and strategy
Started: greybadger, 13 Jul 2021 18:46
Last post: Newuncle, 16 Jul 2021 10:07
Tintra is part of Tintra Holdings, an organisation whose primary activities are as a hybrid Family Office and investment management firm based in Dubai which focuses on providing solutions to emerging market clients.
Tintra and SJH have identified strategies that will allow for a range of 'FinTech' services to be delivered through the systems and infrastructure that SJH has developed in recent years, to grow those systems in line with identified gaps in the market and to produce a sales and marketing system that will deliver the current offering of SJH products to existing and new markets in more effective ways. The transaction will also provide to SJH broader management services, focused on marketing, business development, market intelligence and strategy.
SDH see opportunity where others do not. With a broad array of services from accounts to card issuing we are able to meet your business or individual requirements, whether you are a start up or multinational corporation, whether this is your first account or you have a well established banking network around the world.
w/c 26 July will provide much more related information on strategy for the payments division. The new boss is clearly very experienced and will be focused on this:
WHAT SDH OFFERS
SDH offers a variety of services to all clients, which can be engaged in isolation or used collectively.
Simplifying your payment transactions, we offer:
Merchant services across all common major credit card brands
FX, specialising in bloodstock, property, boating, travel
Cross-border payments from and to virtually any market
Prepaid cards including virtual cards
Payroll and banking as a service including named UK format bank accounts
GBP, EURO and multi-currency accounts
Another recycled story. Groundhog day?
Working capital for payments division which is why Tintra got involved and expected to grow substantially in overseas markets for HNW clients.
Started: TheBountyHunte, 9 Jul 2021 14:33
Last post: greybadger, 9 Jul 2021 16:00
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
Started: greybadger, 7 Jul 2021 19:33
Last post: Newuncle, 8 Jul 2021 14:59
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.
Started: TheBountyHunte, 8 Jul 2021 10:54
Last post: Newuncle, 8 Jul 2021 11:23
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
Started: Newuncle, 2 Jul 2021 14:08
Last post: greybadger, 6 Jul 2021 15:08
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
Started: greybadger, 29 Jun 2021 09:07
Last post: greybadger, 29 Jun 2021 09:07
Apologies for spelling your name incorrectly.
Started: gary25, 14 Jun 2021 13:10
Last post: Dan55, 22 Jun 2021 20:13
Need trade update
MMs are not doing very well here are they, one trade for £20 today and hardly any for ages. Should have stayed suspended
this will include the delivery of a full business plan and strategy. This document and other changes will be announced in due course as the collaboration with Tintra continues."
So are they saying this is the first time that they will have had a strategic business plan.Oh Dear.
Started: greybadger, 11 Jun 2021 13:00
Last post: Newuncle, 14 Jun 2021 10:43
They only gave a commitment to monthly updates while they were waiting to complete previous delayed results, I did not expect that to continue once results were published. Also if you look at the last RNS they said they were undertaking a 90 Day "Change Management Process" for the business (yes 3 months) so I doubt we will see any before mid to late July at the earliest. Why it would take them 90 days to complete this task is beyond me and seem quite ridiculous but I guess it's their way of saying we have nothing material to report right now and will provide the results of this exercise in July or perhaps August? Meanwhile the volume is share trading is virtually nothing with just over 2,000 shares traded in the last month which is pathetic but with such a wide spread and trigger happy MMs ready to mark it down so easily it's no wonder PIs are sitting on their hands. Nothing will change until the next update and with the lack of any positives from management it remains questionable as to whether they have enough cash to see them through to next year. Very disappointed with the people in charge since the shares came out of suspension.
From 19 April RNS:
I am delighted with the progress to date in the partnership between SJH and Tintra that was announced on 25 March 2021; combined with the audit being completed there is a new lease of life in the Group, and I look forward to exciting times ahead. Tintra has recently completed a commercial audit of SJH and has provided comprehensive internal guidance notes from which we are tomorrow commencing a 90-day change management process during which a range of internal and external facing improvements to SJH's operations will be completed during that 90-day period, this will include the delivery of a full business plan and strategy. This document and other changes will be announced in due course as the collaboration with Tintra continues."
“Resemblance “
Perhaps the excitement is too great that Graham can’t bring himself to write an RNS !!!
Lots of news building,last year’s results, trading, progress regarding Tintra’s involvement ,appointment of newCEO etc.
The quiet is semblance of old when no news is BAD news, hope not.
Started: greybadger, 4 Jun 2021 16:39
Last post: gary25, 10 Jun 2021 15:12
I understand Graeme Patton has joined the Monastic Order of Benedictine Monks,hence the Silence.
So much for the monthly updates,looks like its back to as we were.Cmon Graham keep to your word.
???????
There? A wee update would be great...
Started: greybadger, 17 May 2021 15:33
Last post: greybadger, 17 May 2021 15:33
More like a damp squib since Tintra came onboard GP!!
In the Days of casino cash and before PJ really knew how to keep the punter interested ,perhaps a bit of fodder for the followers ,after all 30 of the 90 days has now past and there must have been some progress
Started: greybadger, 12 May 2021 15:27
Last post: greybadger, 12 May 2021 20:33
Done further research, 3 months after half year. Thanks
Glad to be wrong
We had the half year to July 2020 rns already. Waiting on full year to Jan 2021 next.
Surely not, if I am reading this correctly we are now overdue a report 3months from the end of the preceding 6 month period on progress, to be followed by the audited results before the end of July. Can anyone confirm or state otherwise.
Hope I am wrong.
Started: greybadger, 10 May 2021 10:21
Last post: greybadger, 10 May 2021 15:36
Have been to meetings with GP ,from reactions received he appears to run a tight ship.
Given that his progress so far has been mainly to clear the dross and concentrate on growth ,the next few RNS should trigger how successful he has been
You never know with this lot. MMs are nervous as kittens and simply react to selling of any volume. In terms of value today's trades are FA and cannot be seen as knowing bad news is coming.
Earthquake...or justa tree shake b4 news?
Seems like the management have now just lapsed back into their old ways again and all the news flow has stopped now that business can keep the lights on for another year at least. I had high hopes for Patton that we had someone in place who would work to deliver for shareholders as well as themselves, not much to show for it yet.
TR1 due anyone!!!
Come on GP offer us LTH some small carrot.
Started: TheBountyHunte, 6 May 2021 10:46
Last post: greybadger, 6 May 2021 12:46
Nice article on Tintra.Com regarding the acquisition of the 29.9% of SJH dated 27th April. Appears they have been working with ST Daniels for some time. This has the potential to put us in a completely different league as you suggest TBH.
I was encouraged by the answers to two specific questions at the AGM regarding the potential increase in reach and traffic for both St Daniels and StFrances.
Looking forward to the next AGM for The 20/21 results to seek more clarification.GLA
In looking at Tintra, there is a great opportunity for Tintra to utilize and promote the solutions developed by SJH. Although the arrangement with Tintra is diluting, the potential upside could be huge and this is not factored into the share price yet. So I look forward to hearing about the strategic plan developed in conjunction with Tintra - this could be transformational
Started: toli, 3 May 2021 21:35
Last post: burge, 4 May 2021 08:33
Can you tell me why it is?
well, it would be nice - so I could be somewhere close to getting my money back! LTH and I do still believe in the company!
This is massive with is little reported its going to fly
Started: Theanalyzer, 20 Apr 2021 09:07
Last post: Newuncle, 30 Apr 2021 10:22
On the move today on very very small buy volumes, just imagine what could happen here with some real volume buying....
If Tintra makes it work in the next 2 years,the potential here will be far more lucrative for us and them.
Let’s see the business plan and progress in the next 3 months be fore we make any judgment!!!
Keeping those mince pies on this for volume. GL
Correct me if you think I am wrong but what the company is investing in is 2 years growth which can be monitored by Tintra’s performance in increased reach and transactions, at no additional cost.
Next 3 months will be very interesting regarding the new business plan !!!
Looking forward to the next AGM For 20/21 results, hopefully not virtual, need to discuss progress face to face.
Now to the bottom draw for 3 months GLA
No new cash raised as settlement is settled by payment of invoiced services.
Option price values company at around £500,000 yet punters paying 10 times that in the market yesterday.
Tintra can buy another 20% at 10 per share on exercise of next option again for management services..
Started: gary25, 21 Apr 2021 19:45
Last post: gary25, 21 Apr 2021 19:45
Are we due one before the end of the month?
Started: burge, 19 Apr 2021 22:05
Last post: Newuncle, 20 Apr 2021 09:30
fwiw, the value proposition is there, very, very low MCAP and would still be very, very low even if the SP was to double.
SJH
Shares 4,669,808 4,669,808
Price £0.45 £0.90
MCAP £2,101,413.60 £4,202,827.20
you may well see a share price fall today as people react to the RNS, but the market has ALREADY reacted to the original RNS allocating those shares. Also worth noting that the major holders listed have about 65% of the company between them.
Cheers Aiden
Read back over the history of the company. I think you then need to form your own view. MINE is that this company lost it's way for the last few years, BUT has now turned that corner. I'm confident enough that (as an LTH) I've recently topped up my holding. I'm currently underwater by quite a way, but I feel that this is likely to change. MY views are mine alone however, and in no way are to be taken as advice - indeed, my entire portfolio is currently massively underwater - BUT I have confidence this will change!
Anyone?