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.
Yes, he's the founder/CIO of Harwood Capital, the outfit behind a number of well-regarded investment trusts. I think he also resigned from the board of TRLS recently. So, resigned from the board but invested in the company. I'm not sure what it all means, if anything, but there could be something afoot..
Who are they? Any significance?
I see Mr Mills snapped up 12.7% last week, per an RNS released after close of play yesterday. Can't be a bad sign, can it?
Mm’s seem to have sorted out liquidity and buying now available at 2.49p.
Current cash of over £8 Million & MCap £4M.
Interesting to see CEO & CFO share options granted at 14p, these were RNS’s recently on March 5th so there’s plenty of confidence for a good uplift.
Also, MMs v short on stock - they held it NT to buy all day just hoping for some sells
I think they actually have 0 shares to sell hence NT all day
Yes wonder who those large buys were
V unusual in this stock
Should have read:
“It would be good to see recent big buys as Director Buys”
Apologies, My previous post suggested they were, which was misleading.
Yesterday, Big order being filled, they’ll take 500,000 no problem but NT for 500.
100K NT is now 2.9p, so MM’s just want sellers.
Good to see recent big buys as Director Buys.
1,080,000 Buy at 2.3749p plus another 500K buy an hour earlier.
NT to buy now and 2.8p for 100k.
Fair comments Mozax. I do hope you're right as I punted a small amount on TRLS yesterday afternoon.
I'm in the other Harwood biotechs and have been watching TRLS for ages. Indeed this is a volatile illiquid share, which, to my mind, means spikes up as well as down... esp with the cash position. That's what I'm hoping for.
Think they’d struggle to delist with the quantum raised by institutional investors that remain on the significant shareholder base.
Furthermore, the BOD are clearly confident in the Company with the RNS announcement on the 05th March 2024 granting 2 Million share options to the CEO & CFO at an exercise price of 14p.
This is an illiquid stock that moves quickly in either direction, and a seller has brought it down rapidly.
Could be a big rebound on evidence of traction in their target market.
Plus the have a cash pile of $9.61M by my estimates, given cash of $15.81M on June 30th 2023 ( HY) and an average monthly burn of 680K.
Cash runway into 2025 not including revenues.
Sorry for the long post, but I thought I'd just lift a comment from the CEO of C4X Discovery Holdings plc. Not a share I hold, but these are the sorts of chilling words we investors in this space need to try to guard against in our decisions.
Re: Proposed voluntary cancellation of admission of Ordinary Shares to trading on AIM.
"We have not taken this decision lightly, however, following an extensive review and deliberation to ascertain the most effective way to maximise Shareholder value in the longer term and increase the potential for the long-term success of the Company, the Board has unanimously concluded that it is in the best interests of the Company and our Shareholders to delist from AIM and re-register as a private limited company.
Despite delivering on our strategy including three major deals with leading pharmaceutical companies demonstrating our scientific expertise and deal making capabilities, the recent downturn in the financial markets has adversely impacted our share price, and with it, our future ability to raise funds in the public markets. The Board believes the current public market valuation does not reflect the underlying potential of our business or our achievements to date and that this is unlikely to change in the short-to-medium term. We believe that we can potentially access a larger quantum of future funding required to accelerate our strategy as a private company and therefore we believe that a cancellation of the Company's admission on AIM is in the best interest for Shareholders and for the future of our business as a whole."
Seems to have fallen a very long way.
Current MCap £3M.
“Singer Capital Markets is delighted to have acted as Nominated Adviser and Sole Bookrunner to Trellus Health (TRLS.LN) on its AIM IPO raising £28.5 million in May 2021; with a market capitalisation of £64.6 million on admission.”
Yep vastly undervalued to cash position, although the spread is wild at 25%
Valued well below cash?
RENE & TRLS both moved hard last week off cash positions. A company with considerably greater cash position vs market cap is OVB.
OVB is cash position is circa 3x greater. Worth highlighting and doing some research.
Great move from TRLS, where will it be short term?!
Sellers will be all over it.
…in the meantime, Verici’s trading rather quietly given they’re on target to begin sales through their licensing deal with Thermo Fischer in Q2.
Just a matter of time before this one moves up a gear me thinks…
…actually the company could well surprise positively with news about their first material enterprise deal with a health insurer, which could well get them to break even as was discussed during their last update. They guided towards year end so it’s arguably overdue… if so, the shares could well head back towards the IPO price, even half of that would be a multi-bagger from here, silly cheap, but only if they get to closing material deals, else it’s just a cash burn story…
........and the price goes up!
Where's my lucky charms today
petroinvestor and Davy50
up 81%
Pump and Dumper - avoid at all cost here.
Earl of Pump is posting nonstop. All small buys are yours, and small buys from free trading apps. Lol.
Always check the post history of anyone who is pumping multiple stocks. These people often disappear after they pump a stock, leaving investors holding the bag.
Don't be left holding the baby here. When traders offload then newbies will be left holding the baby.
You're welcome Masonmaster
I can only post what's most missed.
Thanks for the heads up, Earlier, Earl.