Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. 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.
You are welcome Laura2022.
Hope we do good in another recovery share too,which is trading at 10p.
Thanks Masquod
To 6% today at 2.45pm
Across AIM they've been selling BUT here they're buying
Interesting
Thanks Dartron, yee will do that, but I do hate taking a loss!
Ahh, saw your earlier post. That's the right decision IMO, but take some profit on the way up. Dont wait to break even.
SeaTank, you should really think about averaging down, it will make a huge difference to your buy in. You seem to have high conviction, just think, they are 80% cheaper than your exit. At least you can take some profit form here sooner, might make it easier to hold the rest.
Nah Neal is the founder who's been ousted - he made money at IPO and in secondary share sale, so his buying lately at 40p can be discounted as recycling his earlier winnings, IMO. Anyway, he and Oliver Rigby screwed this up, so they're not part of the solution.
Borjn the new CEO who came in to clean up the mess has been a big buyer though. Basically everyone who's actually operationally committed have been buying.
Neal gandhi owns 10% of company!
Ge kept buying from 40p to all the way above 200p!
Great confidence from this director!
Yup agree, an easy rise to 50p again once the covenant waiver is agreed, which it will be.
From 50p to 100p will be harder. It will require reduced use of consultants and an uptick in DX project activity which is mostly delivered by permanent constultants who are currently underutilised. One key in all of this is reduced staff turnover. I touched base with IR and understand that staff turnover has fallen from circa 30% at the worst point to circa 22% currently - still too high and should be close to 15%, but high teens is foreseen in the not too distant future, so it's going the right direction.
They can do it.
As I have pointed out, at least a dozen key execs in actual delivery are 150% engaged in fixing the current issues because they own a tonne of stock and are emotionally tied to their businesses and staff.
I genuinely hope it goes there and you recover your money or make some money on top.
debt restructuring news will send this lot higher from here.
maybe to levels of 45p plus again?!
Actually i need this to get back to 100-120p to break even - most likely!
Sadly not, I lost around 90% on the bulk of my ownership (!), so I need to get back to around 150p to break even. I'll be happy when it breaks 100p to be frank, which it will do. It might take a couple of years to get there. Those getting in now are really smart, they'll make multiples IMO.
clever move,buying at this level.
means above 35p,you will be in profit............
dropped from 46p recently,with some regulated warning(seen in lots of companies recently- copl yseterday)
and should be back to the levels with cost reduction measurement and debt restructuring!
good luck mate.
Ah I see them now
Octopus has made money from VC stage so they're sitting on nice profits already
Great to see these guys and others leave the shareholder register
I've raised my holding by 50% today - i'm sitting on a massive loss as a long term holder but there's money to be made here so I must average down without emotion
Seatank,there are three RNS today
One in the morning saying bod bought some
Then second one at 2:40 saying Ovtopus reduced
Then third one at 2:45 Lombard increased holding
I see Jarvis has been selling. I don't see a move in Octopus.
There has been big buying through Global Prime Partners.
I do now see that Ben and Fiona Ward were buying after the profit warning, back in October - they are internal bench strength and their trades aren't reported under PDMR. These people know the situation better than anyone.
Wowww
Actually Lombard buying here!!
Increased their holding!!
:)) :))
Octopus sold some shares!! As expected from all of us here!
Octopus and Lombard selling their shares in many companies!!
They are nearly out,were holding around 2% yesterday, they might be completely out today?!
With hint of seller out,buyers will be jumping in!!
GLA
Good to see these institutional sellers being absorbed and the overhang being cleared, most likely by retail, private wealth and small cap VCs/PEs. Whoever is buying, they are buying in reasonable quantity. A solid foundation is being laid from which we can recover.
Thank goodness the broad management bench at TPX (not just the CFO and CEO) are big shareholders. They are locked in, financially and emotionally, and won't leave. These are the people whom the staff look up to, not the CEO or CFO. These are the people that will turn the business around. Their lock-in, namely prior payment for their businesses in shares that are locked up, is fundamental to this turnaround. Were this a hollow and soulless corporate entity, I'd be very worried about a death spiral with an unravelling of the staff/consultant base. The depth of bench strength ownership and engagement here makes all the difference.
Thankyou Seatank
I have been buying more
Agreed, and the sell off is way over done, should be into the 30s by next week. Bought in and LSE recorded as a sell. 10,924 at22.84 for £2,495 at 11:05:07 is mine and it is a buy. I suspect all the others around it shown in red should be blue too
No way CFO would be buying more shares if waiver on covenants weren't forthcoming - just pointing out the obvious.
This major shareholders list doesn't include at least 10 senior execs who previously owned companies acquired by TPX and have around £10 million invested.
Situation as of 30th November (last updated).
Mr Erick Grant Harris 9,709,556 10.64
Mr Neal Gandhi 9,199,658 10.61
Canaccord Genuity Wealth Management (Inst) 6,832,776 7.49
Lombard Odier Investment Managers 6,598,192 7.23
Rathbones 6,061,896 6.64
Individuals 5,652,908 6.20
Jarvis Investment Management (EO) 4,476,519 4.91
Mr Oliver Rigby 4,246,764 4.65
Octopus Investments 4,101,431 4.50
Mr Michael Dearing 3,370,086 3.69
From here https://www.tpximpact.com/investor-relations/shareholder-information/significant-shareholders/