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.
We draw attention to Note 2c in the financial statements, which indicates that the company incurred a loss after tax of £1,218k during the year ended 30 September 2021 and, as of that date, the company’s current liabilities exceeded its current assets by £354k. As stated in Note 2c, these events or conditions, along with other matters as set forth in Note 2c, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern.This means the company was insolvent at that point.
Good results? Wow, What does it take to accept this is not looking good.
Focus on DMSL, which does BT Commissions - eg they get commission on the term of the agreement on day one. So customers that they got revenue for today... they wont get again for 3 to 5 years. Zero growth.
Revenue down from 3.44 to 2.8 million (180k was furlough income which im not really sure counts... does it?)
Admin costs down £360k, Didnt they claim it would be significantly more?
Loss of £1.2 million
Borrowing of £1.7 Million due in 10 months time
Continue to burn cash at 100k a month (dont worry its been reduced though)
Where are the positives, you cant even lie about growth any more. Telecoms has gone through the BIGGEST growth and transformation ever since Covid. Toople... declined.... Wrong proposition, wrong products, wrong focus. Andy needs to go
Ah, they're amazing results now. Just how bad would they have had to be for anyone here to admit they're bad? Even the biggest TOOP bears weren't expecting revenue down to £3M. Shocking.
Amazing results, truly transformational year for Toople!
Not often you can buy a company poised for growth at under a 0.50 multiple of revenues....
The board have to drive revenues, and they have stated the growth seen in Q4 to back that growth, whilst managing costs.
Happy to be holding at present and await further progress.
Yes hopefully - but results to the wire! Hardly inspiring! We live in hope.
11mil Buy showing as a sell, results on Monday good luck all investors
No buys once again, result due very shortly .
These results will have to be good or we likely won't have company left to invest in :-(
This company has a very tiny mkt cap. I realise the financials aren't great but you would expect it to be AIM listed?
Yes good point. Lets hope the wait is worth it.
I can't help thinking that if the results were above market expecataions they would have ben on the table by now!
Presumable the results will be announced next week. These guys like to take their time!
Thanks TopTraderTR. Much appreciated.
Because your linked to the brokers and directors... The brokers make money (significant money) on dilution, and you can only dilute if the price is higher.
The auditors resigned mid sign off, which says alot.
They have a £1m loan due at the end of 2022, the share price is at an all time low and so the only route to pay off is either more debt, or more dilution.
I suspect TO will be similar to last year, £4 million. Still significantly down on Toop and DMSL as separate companies, covid blamed even though telco has grown and benefited from it. Losses circa £1 million.
Youl probably see a rise between now and results day, and it will crumble again on announcement.
Also now in the realms of AGM announcement, so suspect theyl release the accounts, the AGM (with permission to dilute and borrow) and maybe another small acquisition, to avoid an RTO but make some PR about growth to sell the next dilution.
I think they will have a positive impact on the SP. The last 5 TR-1 forms have all been investors adding to there positions, no one is in this game to loose money. So why add more shares if you weren’t confident or didn’t know something? Just my view on it.
Hi - any views on the likely outcome of results and their impact on SP?
Does he? Best buds with Charlie at Novum... Its all part of the attempts to ramp the price up prior to dilution.
Mike Staten proven time and time again to work with Novum and Charlie
Oberlon.... Own Novum...
Theres no big investors here, its all manipulation
Check the comments here
https://uk.advfn.com/stock-market/london/ascent-resources-AST/share-chat?page=729
Mike Staten. A large investor who is not intent on losing money. He will not. But small shareholders in Ascent Resources are going to. And potential investors. Parsons. Dennan. Staten. Novum Securities and Jon Belliss. Expect Charles Brook-Partridge and Sebatian Marr to turn up as well. The former is a director of Novum. Novum Securities are the brokers for Nuog. Nuog is now suspended whilst two directors look for a RTO for the company. It could get delisted altogether. C4 Energy, where Parsons is one of the directors, bought the debt there and parachuted in two of their shareholders, one of which is Dennan. When Nuog shares were still listed Staten, Brook-Partidge and Marr each bought 3% of the company at the same time, announced by RNS. When the shares rose in a pump and dump they all sold 3 days later. They made a tidy profit but mug punters were left with devalued shares which were subsequently suspend and could be worth nothing. Ascent is their new toy. Explains the arrival of Spreadex and mAlign Research. Expect a rinse and repeat. Recent buyers of AST shares should sell. Potential new buyers should run for the hills. Leave this to the mugs. At Nuog there was a large shareholder, Gary Smith, who tweeted his share buying and was at about 10% just before suspension. Mugs followed him and bought and now rue the fact. Be very careful. These people are all interconnected. You are not On the inside. You are a mug punter. A victim. Let this disgrace unfold from afar. Expect the good doctor to arrive. These people are all conspiring against small shareholders and include the AST BOD. Disgraceful.
Look at his credentials
and how exactly do you know 'this guy knows his stuff'?
Just looking af the recent TR1 in Jan.
Mike Staten increasing his holding. This guy knows his stuff
https://uk.linkedin.com/in/mike-staten-71b39222
Relentless buying today!
Should see a good push north on the run up to results.
Yes. I still hold Oberon
RB, are you still invested in Oberon? I remember you from the board a while back.
Currently 0.388 - 0.398 on the RSP
I believe its nearly all buys today.
Might have reached its upper limit today but expect similar rises over the next few weeks.
Chart is looking primed to pop!