Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
DGR1980 - completely agree with your comments about the financing of the company. Once the company has received the money from the shares at an issue/placing they are just a tradeable % ownership of the company and assets. If a company needs to raise further finance, it can borrow, or raise more by issuing more shares.
That is why I asked the question some time ago about the definition of Investor or Trader - I invest money in shares - hoping to make a profit - but I am largely a trader. I bought shares in a local investment startup through crowdfunding - i consider that to be "real investing" - the company has used my cash to try and build a business.
The BOD have large shareholdings. They are highly motivated to make the company succeed - as they will gain hugely financially from it. They also have their salaries - which are approved by the remuneration committee and shareholders - I guess if we wanted to make the salary more linked to performance it is up to shareholders to propose this and pass it at the AGM.
The BOD should also have a long term strategy - I do not think they are in the business of making announcements to keep shareholders happy. They make announcements more for the markets - if the company looks good and strong - it will be easier to generate more business - and investment if it is required for new projects.
I hope when they do announce something - it is some good news on Cobre - and something positive about LC. Good luck everyone.
or green on my screen
It's cloudy here.
I think we are going to have a blue day....
Still just one trade. A sell. Oh! The excitement.
:)
Millenial? I wish. :-)
Yes the SP will affect prices for share issues or other financing.
But thats not you doing the financing. The fact we own shares is completely incidental. All you're doing is coming across as a self entitled spoilt millenial who must know and get everything now
Yes it does. No it doesn't. Who cares? The company is financed by share holders. The company's value is the SP x the number of shares. The SP is important to the company.
Stockdale. No it doesn't.
Unless you've taken shares in a placing no money has come from you. The money came from those that bought in the last placing. All you've done is given someone else a profit, and are hoping to do the same. All this complaining now is because your profit hasn't come as quickly as you'd have liked
I would, but i'm at the max percentage of my portfolio i'm willing to be in any one share.
DGR - don't care about semantics. The money comes from us. Whatever the roundabout route. The substantive point still stands.
By the way I see just one weak sell this morning as the only trade. That's how excited investors are about SML currently. Those who don't care for any news from the BoD should be buying in if they have such confidence without news.
Stockdale - 'We should be kept informed of that as we finance the company. '
Incorrect. You bought shares from someone. When you sell them someone else will buy them. At no point in that process will the company recieve any money from you.
Unless you bought directly in a placing you haven't financed squat. We're completely incidental to the company finances.
What's not to understand? Look at the SP now. Look at what it was up till July. We need an increase of 60%+ to get back there. To a point where we need to be before the expected rise to the, currently laughable, 5.5p.
If you understand AIM you will know such a drop since July will take a lot of recovering just back to where it was. No matter where your other investments may be this should not be at this level. The main Cobre client should be pulled up by the SML BoD by now to get the money they owe. We should be kept informed of that as we finance the company. Leigh Creek should be ramping up production right now from July to reach peak production early 2020. All of this should be informed to shareholders.
Some here may be happy to hear nothing. However you can not deny the effect thsi has had on the SP. The evidence is all too clear for all to see.
dvharrison - But thats precisely my point. We've all got our safe holdings forming a base for our portfolios (Or at least we should have).
AIM is higher risk, and people should know that. So why on 90% of the AIM boards are there PIs agitating for a 'confidence booster from the BOD'? Its not their place to reassure you if you're having a wobble about your investment, its their job to run the company.
Morning DGR, I'm sure we all have our unit/investment trusts and FTSE investments that produce dividends and (hopefully) a long term return to fund our retirements. Surely we invest/trade the AIM casino for the excitement and the possibility of multibagging? SML did it once thanks to twis et al rampathon rising from 0.2p to 3.65p over a matter of a few months. Is it going to happen here again? 0.95p to the BoD options target of 5.5p! Probably not but we do have some decent assets that could deliver a half decent return by the end of next year imo
I really don't understand the constant requests for 'Confidence boosters from the BOD' that you see on so many different AIM shares. Are so many people so unsure about their shares? It could be like FTSE 100 companies where you get up to 4 trading updates over the year and thats your lot.
TBh I do want some good news, but I'm thinking if this is a longer term thing then why does the SP matter or the confidence of share holders. If things will come good in time then the now does not matter.
Confidence should return on the good news and that's what matters to me. A small drift up or down really wont matter.
GL all.
If all they want is their salaries then it's not a problem for them, until it is when share holders get voting at meetings. If they want some return on their shares and share options then it certainly is.
With the SP currently at 0.92p and no news resulting in a further slide we'll need a doubling of the SP from here to get it back to a reasonable start point to move up anywhere near the predicted 5.5p. That figure is laughable at this point.
Not a problem for the BoD as (nice) salaries keep rolling into their bank accounts...
SML has completely stopped all communication with share holders. Another week starts without any news of any sort. Not even a confidence boost from JP to motivate share holders and prospective share holders. At this rate the SP will continue to slide. Then any good news will only re-rate the SP to the recent figure of around 1.5p or maybe not even that high. After all that would be a rise of over 50% on the current price. It's rather demoralising at the moment for a company with the prospects it has.