Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Another interesting response to Neil on LinkedIn:
‘Your passion for pushing water uphill is admirable, but this chart might help. I can’t see 2008 data but 2010 shows the 13 year trend
US market is in rude health, any suggestion otherwise would be disingenuous’.
Investing101 is back with his cryptic messages. Clearly in the know again…
Enough said.
#WildWest
#London
#Exits
Hmmm. Very, very interesting….
A CEO who constantly hits his numbers can pontificate and criticise the market as much as he likes. One who is incapable of that is dismissed as a clown engaging in diversionary tactics to conceal his own failings.
The market responds accordingly.
Ultimately Darktrace was a success story. Floated at 250p, taken out for more than double IPO price. Investors not happy with that can vote against, but board right to back it given the bid takes it to a revenue multiple not that far away from much larger US peers.
Darktrace was cash generative, buying back shares and consistently growing revenue, an excellent CEO, all the things the market or buyer looks for.
Yes the price went down after 2021, same goes for nearly all tech stocks post-Covid, Meta fell by 75%+, Nvidia fell 65%+. Before it bounced back there was a lot of bearish commentary about it, especially relating to Lynch, but why should Moulding care about any of that?
As for shorts, US stocks all have a far higher ratio proportionally short than UK ones. There is no dreamland where shorters don't exist and bearish commentary is not allowed, so he might as well accept it.
I see the shorts steadily increasing in the run up to the AGM, just to add a bit more pressure, if no rabbit appears in the meantime. Being no expert at all you would think the short position might add another 1% or slightly more between now and the end/beginning May/June? They will have seen the Kelso announcement and the man child rantings (I've been catching up today over the past few months timeline) in order add short-term fuel to the fire.
I will start increasing when we dip below 60p, that could happen starting tomorrow, 55p would be my preference, but anything below 60p I think is going to value out on a multiple, at least. So surprised (and paradoxically not) that after reviewing the past few months talking points that nothing has changed. Surely NOW it has to change, cannot see the shareholder value still being in the toilet come the last quarter of this year, something has to give and if MM cannot give long suffering shareholders (including now most of the 65%) that meaningful tangible value, it's time for a change, step up TL, you'll have my votes.
GLA, and in the short-term that applies to the kong man child
For the sceptical I would recommend the HBO Max 2022 documentary "Gaming Wall St". It touches on the GameStop story but the real revelation comes from a former Morgan Stanley (I think?) banker who stated that he was aware of widespread naked shorting ... investment banks "loaning" shares out when they have none in stock. I think most retail investors are unaware of how gamed markets really are. Well worth a look.
Alex makes some valid points, I find it hard to fault Matts post having watched the whole Dark Trace episode unfold.
Its also drawn a response from Neil Shah, Head of Tech, Primary Markets, London Stock Exchange which again, can only be a good thing, the more eyeballs on this subject the more chance of change.
One area that I do disagree on is the percentage of shorts or the role they play in the share price decline.
Posters venting is well.. just that, it stops when markets are closed because there is a break from the mental stress of a red share price.
The upside to all of this is yet more pressure on current actions, one would hope the FCA are not that far off publishing final recommendations.
Amen oculus..your frustration is shared, only thing that’s giving me some comfort is that I think something has to happen before the AGM as it could get embarrassing for Matt and his pals if a rabbit is not pulled out!
I must admit that as a LTH underwater here I'm rapidly losing patience, with Moulding, management and the SP. So far the long hold has been frustrating to say the least. Just a bit longer, just a bit longer 🙏
LOL ... I seemed to have hit a nerve.
Many of the US tech and biotech companies would have been shorted to death ... Amazon after the dot com crash and Tesla in the early years. And that is why no company like that ever appears in London.
Moulding is not a sympathetic figure, but he is not wrong about why companies like Darktrace leave the London market. Elon Musk would be a failure if his companies had started in the UK.
Alex this is b*ll*x
"Amazon would have been dead in the water in the early 2000's if it had been listed in London. Tesla also. And many others I could think of."
OnSolidground ... that may well be true, but that is not what was being said when the share price was down 87% ... I'd imagine the bulletin boards around that time were as complimentary as this one is about Moulding.
Warren Buffett, the CEO of Berkshire Hathaway (BRK-A, BRK-B), says the most significant risk factor a company faces is selecting the wrong CEO. But CEO's mouth and linkedin are more harmful than CEO's ability.
Alex1621,
Mike Ashley though is a far more accomplished operator and who not only bought back SPD shares but played the City at its own game through MASH Holdings buying and trading his own stock and the companies they take stakes in. He has also bought numerous businesses for dirt cheap and generally out of admin and whilst demolishing his competition in previous years, JJB Sports being one, Dave Whelans enterprise another. Tremendous eye for a bargain has Mike.
Although it does seem dead in the water. Incredible moulding cannot learn. Drop perfectly coincided with board meeting
That's totally irrelevant, THG is listed in London!
Amazon would have been dead in the water in the early 2000's if it had been listed in London. Tesla also. And many others I could think of.
Lol 😆 🤣 😂 Don't compare THG to Amazon, you're more deluded than cry baby Matt..
Neither did many of the US tech companies ... Amazon was a loss maker for years.
Sports direct makes profit. He never has
I recall that Mike Ashley called the City "cry babies" when Sports Direct's SP cratered not that long after the IPO. The SP got there same treatment as THG ... from 256p to 32p within a year. Same activities at play.
However, less than 6 years later the SP had multiplied around 28 times from that low? To 922p.
Held well into the finish.
They couldn’t give a beep. Another day of shareholder value destruction as moulding messages on a company not related to him
"Maximumisation"
Jeez. Get a dictionary