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.
David008, the reflected price published for each bargain executed is the simple software based interpretation based on the line of best fit. Where there is a tight spread, high volume or market makers with variation that provides ambiguity so the simplistic decisions can be and often are, wrong.
Needs to go down another 50%!
Less than 10 mins later... Direcotr/PDMR Shareholding RNS pops up lol.. Only 20k shares bought, i'm sure more to come by BoD's
Jeeez, another 6% fall today! Seller is killing it! I'm sure directors will take further advantage of new low.
It makes you worried for the world, if they cant even get a buy or sell right, with the technology nowadays lol
yep, my buy today is logged as 'sell'
the buys are showing as sells on ADFVN
They had to raise the bid all the way to 50.65p to get a bite this time, all the while maintaining an ask of 50.76p and an advertised spread of 50-52p. They are having to work hard to get shares...
Volume promising again with big buyers around the 50p level and an early dip bought up very strongly. I suspect a recovery to 70-80p is a matter of time given the low free float vs high buying interest.
I noticed the trading status changed to
'Trading Status: Periodic Auction Call'
Not quite sure what that means. Yahoo Finance shows 557k volume trades.
Actually when double checking the google finance data (that shows low volumes) vs. yahoo finance that shows 2 big volume bars past the increase +71%. I am no longer sure. It seems to good to be true though.
I figured out how to check the volume, it says 700, 200, 200, low volumes. Probably a false flag.
Can it be delayed past opening if it was last Friday? Its odd that even the London Stock exchange only supply 15 mins delayed prices. Not fair to retail traders.
Must be delayed trade from last week.
Is it a false flag? I can't see the size of the purchase.
Which lunatic purchased at 84.90?
Over 70% of this company is in sticky hands with Robin Totterman holding himself over 18%, (further enlarged now since Friday last). Aberdeen is/was one of those sticky hands and is selling up or done selling up. This could move very quickly with only a smidgen over 100M shares in issue.
Looking good for Monday, unbelievable how this much has fallen. So oversold due to seller.
Very good director buys, although the share price action that followed mirrored exactly what has happened all day, 3 attempted breakouts from 50p all shut down by the same spread shifting tactics from the MM's. It's like a plane stuck in a holding pattern.
10% of the company traded in 2 days pre late published trades, whatever is going on they won't be able to keep it down here forever. Suspect we get off to a fast start on Monday once a few more people see how far this has fallen + the big buying.
indeed and fuels confidence in management and i expect more to buy in here, feels like order filling to load and then off we go
Getting close to £250,000 spent by directors - good sign and as expected
There's the green light to buy - rns out CEO and CFO buying shares
yup crazy price.... it was valued around 7x EBITDA in the full year results drop to around £2, dropping from around 9-10x EBITDA,
Looks like this years will come in at the 20-25m mark worst case accounting for the revenue drop, and perhaps 15-20m next year if things don't improve.
But market share is still increasing and markets will flip for the better at some point..., so even at a silly 5x EBITDA basis it should be closer to £1 and possibly £1.40 on a 7x, it has already done a remarkable fall from the £3s to £1.10 which should have priced in most of it....
Directors bought in the mid £2s for a reason just a few months ago and NAV at interims were well over £1 a share
Anyway... it's clear there's a large II seller(s) around here, expecting a TR at some point and some directors buys
Silly silly price here
All IMO
Looking at the drop here over the last few days and having undertaken background research, I regard this price action as absolutely bonkers.
Looking at the last set of financial data issued from the company in Dec 21, they had nearly £30m cash in hand and total assets including inventories and receivables of £131m against debt of £15.7m and total current liabilities of £83m.
The last 4 years of financial data has shown strong growth and clear investment in both scope and reach of their product service which has significantly exceeded increases in debt which in my opinion makes it clear that this company has grown organically and not off borrowed cash or placings etc.
The BOD have invested heavily and recently at a significant premium and in my opinion have provided good financial governance over the years since listing. The Chairman and FD are both paid a very fair (and not by any way inflated) salary and could take a lot more based on the historical MCAP.
I see this drop being organised to facilitate the exit of one or more IIs probably due to the investment no longer meeting investment criteria or due to a more general cash raising sell off policy due to macro events.
Valuing the company at less than one financial quarters revenue is just nuts. Unless they have raided the piggy bank, maxed out the credit card and flogged all the inventory etc, the MCAP is probably at or close to the current assets alone.
I've similar concerns as Andreas.
This share has similar experiences to VCP in that business was booming, acquisitions made then a downturn in sales.
I believe this will bounce back but maybe less of a bounce and more of a climb.
Have we seen the bottom yet?