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.
A few posts have been deleted from here ???
I missed this as it was after yesterdays market close and today like most days I just scroll through my Quick Picks list on LSE looking for the RNS notification. Wonder if an RNS if posted after market close should appear on next days notification too on LSE or an additional symbol be added to denote that fact.
1.5 million shares at 20p only gives the company’s value at £300,000. The investment going into this is 4 times that amount. What do you think is a realistic opening share value?
Each to their own I guess...
Seriously? You would rather them not come back after going on for ages about how it will never come back and your losing your money forever... instead of the current scenario where it is coming back and potentially at a much larger company and the opening price potentially more profitable per share than the closing price and it has a future and much more potential than it had when it suspended? Plus the class of the investor is not something to be sniffed at! Lyca mobile see potential but you don’t?
Taking 80 percent of the company is not a good deal I'd rather these crooks loose there jobs than cash in my big Mac. lined there own pockets with our cash diluting every share holder for years
A company such as the investor I’m sure the market shall have a positive reaction.
The RNS does say £0.2 and if it’s a share consolidation the share price will go up not down although the value should stay around the same. Dilution is what brings it down and we are having that but after the consolidation so all depends on how the market reacts to the dilution but it is to a very high profile investor so hopefully the reaction will be good.
I thought they were worth .002p haha. Totally misread.
Thank you for that info :) let’s hope we open 2m plus :)
Dan, 28,000,000 shares at a closing price of £0.00005 is worth £1,400? If it opens at £0.2 (which is what I think is being proposed after consolidation) then your 14000 shares is worth £2,800 (14,000 x £0.2) so hopefully you should be instantly better off unless it opens at less than £0.2 because of the dilution. Or have I got my maths wrong? £0.2 share price puts the market cap at around £300k. So it’ll have to be £2 per share to get to a market cap of £3m. But anyone with less than 2000 shares before consolidation does get a bad deal though...
It's not a good deal at all I do not know why everyone is getting excited because they will be able to sell for a big Mac meal
2000 shares reduced to 1 new share 1900 shares become obsolete. Which means 99 shares go back to company hands. I have 28,000,000 shares. This then becomes 14,000 with the suggested option.
They can also convert all of those CLNs at the same discount at any time. Taking 89% of the company.
The RNS does say after consolidation each ordinary share will be £0.20 and that the shares to WWW will be given to them at £0.10 (so a discount)
Or could be that I’ve got my decimal in the wrong place lol - have to looked at it in detail but consolidation alone shouldn’t reduce the value of our share. That only happens when it gets diluted but in this case the dilution seems like it should add value to a £150k market cap company
I think the market cap would need to be around £1.5-2m for it to be that price per share after consolidation - it seems to me that this company should be heading to a market cap way above that so pretty sure it will at least get there, unless the market decides investment from Lyca mobile is not worth a market cap of £2m for TPO
the shares would need to be worth 12p for me to gain back my original investment
Reece, do you think Lyca (WWW) would pump millions into this if it was worthless? They clearly have seen something they like a lot! This is big news. HUGE. £950k in bridging finance and £1.3million for 30% of shares and loans on top of that. Not the best maybe for the company but for anyone in at that pre suspension price it’ll do nicely! Market cap was 150K when suspended but they still had a nice little earner in the US going at the time if I remember correctly. Around £700K. We are in for a hell of a ride here! Boom
* bridging finance
How? The market cap is £150k at the moment... it won’t be that after investment so I can’t see how shareholders won’t do well out of this as I doubt the investment is being made based on the fact the company market cap will remain at £150k?! The grudging finance they are providing us nearly that alone...
Poor deal for shareholders
“WWW is a non-trading company and its primary asset is a majority shareholding in part of the Lyca group of companies. Lyca Group, founded in 2002, is a group of individual companies that operate businesses in telecommunications, international money remittance, media, healthcare, hospitality, and IT. Lyca Group's main business is Lycamobile, a global MVNO telecommunications provider for domestic and international calls, data, and broadband. Lycamobile partners with over 200 global telecommunications carriers, is present in 23 countries and serves over 15 million customers“
The consolidation itself will mean that it should Relist at 1p, which I think the RNS does also say the value per share will be (0.1) - this means the value of our shares will be no different then it was when it was suspended. The variable however will be the extra 645k dilution which in theory will take the price lower BUT given that it was priced to fail and now it won’t (subject to shareholder approval at GM) and the quality and confidence of the investor and potential, I would be surprised if it is not significantly higher on opening :-)
With the 645,000 shares and the CLNs, WWW or lyca can grab as much as 89% of the company. Could well be a RTO on the cards. Who cares at the moment anyway because with a 150k mkt cap and WWW bridging at 50k a week (have now paid 850k will be 950k by the GM) they clearly have big plans. They’ve paid 1.3mil for 30% of the complany! I expect this to mega bag from where it suspended.