The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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.
Hi. S P 7 Yes remember it now thanks, will alter my records!
Actually I did post that on 22 February. How time flies!
What I meant was that Alex Snow a director of Turf to Table Ltd and part of the family who own TTT is also a director of Amerisur. Thought that I had posted that before, but can't find it.
Hi. SP 7 Good post again, particularly interested to note that GC is recorded as a director of TTT.at Amerisur. By past record GC won�t waste time on mediocrity only multi baggers. I made one of my biggest profits ever invested in magestic wine and this was a GC company bought from the receivers. I get more encouraged every day that goes by on the premise that if a gnasty were to have happened it would have been back in January / February. You may we�ll be right about an announcement with accounts in July, I�m not so sure, I expect hefty documents on their own.....
Hi fortitude. So much for April RTO. Just wonder whether the Turf to Table MOU was just a time filler. The company does not look great and GC has director of TTT on Amerisur. bod. Just seems to have been too convenient. Will probably need to wait now until Results are announced for SMA in July.
but stay calm! Giles Clarke and Jeremy Sparrow both have over 25 years experience in deal making.Together there should be a multi bagging, scaleable business which will more than reward their weary investors. Much work to do ,so there was bound to be a delay!
Hi Sp7 Good research here and and almost impossible to believe incompetence! Clearly to date the company has been run by amateurs. If GC takes this one out , he will have seen huge potential here for growth and will put in the GC formular of a multi bagging idea plus a ceo and management with all the right credentials to make a fast growing business . As I have said before if this goes ahead and I expect it to, the growth should be impressive
Just looked at the Turf to Table Accounts online at Companies House. They made a large loss in the year ended 31 August 2017 of �205K compared with shareholders funds of �507K. They definitely need a change of accountant because there are four fundamental errors in the Accounts:- 1. The Accounts have been prepared under the FRSSE. That was abolished for all Accounts whose year commenced after 1 January 2016. They should have been prepared under FRS102. 2. They show negative trade debtors due after more than one year. These have to be shown as creditors due after more than one year. 3. They show negative staff loans outstanding, which should be shown as other debtors. 4. Freehold property is not depreciated. It is a requirement that working freehold property, assuming these to be the restaurant buildings they own, are required to be depreciated and they are not. If any element of depreciation is considered to be immaterial, the Accounts should say so. I do find it extraordinary that there are so-called accountants allowed to practice still, if they show such lack of knowledge. Their accountant is neither chartered or certified but a CPA. I have no idea why the company made such a loss because there is no need to publish a Profit and Loss Account at Companies House, but the more I look at it, the more concerned I am that the possible acquisition of this company is as a last minute convenience with Alexander Snow director and part of the family owning the company also being a director of Amerisur Resources. If it goes ahead, will they really make anything of it? I suppose the first thing is for the RTO to go ahead, so that at least we shareholders in SMA have got something.
Hi again , point taken . Do you concur with me that the major plank here is the tie with a major brewery/s. This must speed up the growth position and underline confidence in this project. Your take please?
Hi Fortitude. Yes as you say the RNS says April. Being realistic these timetables rarely work out, hence me saying end of April. Hope to be proved wrong. Haven't been able to find out any more via the internet. A new director was appointed on 2 February 2018, an accountant Emma Jane Dark, but have not been able to find her elsewhere other than she has her own consultancy business based in Bristol. Just praying this RTO happens as not doubt you are too.
Hi SP 7. Just wondered where the end of April for news here. I did double check the RNS and it talks of April , so just maybe we will get news in just over a weeks time onwards. I have a good feeling about completing here!
I think part of the reason the VG share price dropped is because SMA dumped their shares. Also some local politics in Guinea. But they have picked up ground in Ivory Coast as well so I think this wll do fine in the mid-long run
https://web.tmxmoney.com/article.php?newsid=8131307418119113&qm_symbol=VG Wonder if SMA still have any shares still in Volcanic Gold. Hope not as they are now down to the level at which SMA acquired them. I do know some had been sold as SMA advised. End of April not that far away now - we were advised that intention was to finalise by then.
Thanks for the post, The amerisur connection adds a lot of authenticity to the RTO. For me the key here is �boutique. hospitality� which has been around since the 1980s. GC says it�s highly scaleable and I have no doubt it is. It does seem to have impressive growth figures but I am always cautious about catering due to its exposure to recessions.. There will obviously be dilution due to all GCs company�s being penny stocks. That said, this business could grow very quickly .totally different to mining! We now hopefully have the right product, GCs other master class area is bringing in top class management. I guarantee you he will do this!!
Cheers for the notice my friend. Yeah, I'm like you and I expect something positive will happen over the coming weeks. I've sunk a small fortune in here over the years so I'm hoping it will turn out OK. The one negative I'm wary of is the possible dilution of shares, which I have commented on before. Time will tell. I'm sure an RTO will happen soon, it just remains to be seen how it affects us long term holders.
Would you believe it. Alexander Charles William Snow director of Turf to Table since 2008 is also an exec director of Amerisur Resources. That�s the Giles Clarke connection! Feel pretty certain now that RTO will proceed as advised by #SMA.
The Snow family are the two directors and own the company with others. I notice that Sebastian Snow is one of the chefs at the Bull Inn. Hope this deal comes off. I note that the last RNS did say that the process of putting together the AIM listing documentation had been underway for some time, expected to be completed by April. So maybe there is a strong chance that this RTO will be completed.
And http://thebullhotelfairford.co.uk/eat/. Very good quality.
Looking forward to getting my shareholder discount at http://www.theploughinnkelmscott.com
I think he may be on the wrong board.
Has there been a meeting then?
So we are called xlon now? Do we hold same no of shares?
Many thanks ! No this has been so slow I don't regularly check this board. Looks good ! Not quite sure why we had to go to Africa.and India only to arrive back in Blighty ? Can you give me your take here ?
Fortitude, did you see the RNS of 15 January?
As the 21st approaches, it might be worth me reiterating my position. I was wrong footed by the Indian deal but console myself with the adage that no deal is better than a bad deal..I still believe a last minute deal will be struck not least because of the institutions invested here. The city will be watching how this plays out and reputation is everything. What I am certain about is the potential of any deal, it will have multi bagging potential run by the right people. Giles's mastery is as a deal maker and I'm sure this is what we shall see here! Good luck to all investors !