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Please help. say I have 20,000 VIY shares. They have offered me only 50 shares at 0.11. Q1. When they say it is 1-100 ratio then why didnt they offer me 200 shares? Q2. If I accept the offer and buy the 50 new shares, what happen to my 20000 viy shares? Q3. If I do not accept the offer to buy the 50 new shares then what happen to my 20000 viy shares? I am not asking which company is going to be more profitable and sp etc etc but just how the shares are going to work? One last Q. the new company Heraith, whatever the name, is that going to be the main company and is viy going to be scrapped? thanks in advance.
"I realy do not have a clue how it can turn into a bio firm from what we had" By buying one!
£25000 in here from viy now worth about £500 not share weather to take up offer I smell a rat so what's happened to vec do we still have that ? I realy do not have a clue how it can turn into a bio firm from what we had I'm very angry about the whole thing I watched the wolf of wall st and it makes you relise how little mugs we are
lose a small fraction and expect the share price to be significantly higher by comparrison might be one reason people are not waiting.
Im really not sure why people are buying shares that are not exactly divisible by 100, they will just loose these excess shares after consolidation
mm, fwiw and imv I think going for the open offer is a given, but I expect the excess to be heavily scaled back as nearly all are applying. Therefore at around 0.13p today as opposed to offer price of 0.11p, i'd now be tempted to buy in the market and get all I would have applied for in the excess. I expect after scaling down and then waiting for return of funds the SP will be significantly UP when finally able to use returned funds. aimho
which is very possible by next spring once the product is released, new money of course, then we're looking at a nine bagger. The institutions were not falling over each other to buy into Premaitha for no reason, let's forget Vialogy that's the past. The price cannot move too much higher before 3 July I feel but after that we're looking at a very small free float of shares and competition could be fierce, especially as news starts flowing. Any hint of an NHS contract and we're shooting through the roof. A cheap entry level for bio tech, and the future is bio tech.
well im waiting until the last minute today to see if its worth it. I have until 23;59 tonight with Iweb.
through TD, they took their time to make them available! I actually had to ring them yesterday and ask whether they were trying to keep them all to themselves. I also asked for an additional 5000 new shares, let's see what happens. I only see one direction for this and that is UP. GLA
another 2.5 million
No point really with SP this low, will see what happens after AGM.
I have to stress this is theoretical to avoid a legal l;ether dropping through my door, but doesn't this look very much like yet another case of placings being forward sold prior to admission?? If this actually was the reason, it would be thoroughly damaging to the company and the whole fund raising process, why oh why is this not investigated? Sadly it does look from the outside to be the case in this and a lot of AIM placings right now. However, I feel this is a compelling investment case for those looking to come in because: 1. I actually really believe in the product and its prospects 2. There are a lot of people running at a loss, which whilst it's not good for them are unlikely to be selling at a loss here. These facts do make it compelling and it's in long term holders interest to see this go as I hope it will to bring the value up and give them the option to proceed with holding or not. However they feel now, I can't help but feel theta by the time the share has climbed in excess of 20p they will be feeling more confident that the board and product will deliver and keep their investment. We need to take this past the shorter term hurdles first and foremost.
I am still buying........but not VIY anymore.......I am in a Biotech here with an interesting legacy which will be sold of soon ( within 2 years )
This isn't a gogo share.........Reynolds is a serious Manager and in control. The next few weeks will see continued process of construction of a serious commercial enterprise all be it a very risky one. But the Company architecture will be sound so the business of working the assets can proceed on a sound footing. Formalization of the new Co with incoming finance and consolidation ( I have never seen a consolidation without an sp drop ) and response of professional bodies and launch of product. This will all take its toll on shareholder sentiment. So I am sure '' Team Reynolds '' ( Financiers, Technical team, MMs and the rest ) will have value locked in. As and when sp progress is made it will be firmly rooted in commercial success. IMHO So anyone looking for a flyer I think should look elsewhere cos that isn't Reynolds style.....and make no mistake he is in charge........but if you have 18mths to 2 years then sit back, it will be interesting to see talent at work
I have taken my allocation but rather surprised to see the SP where it is. May be no benefits at all in the rights issue. but lets see. I cant imagine they are going to drop it that low. Especially as the ii allocations were apparently over subscribed by 4 times.....seems a bit strange to me
me too, applied today for allocation plus extra's, popping them in a drawer to be opened later this year around Christmas. Merry Christmas everybody.
for my entitlement. ruddy heck, not very much though!
No notification email yet, but details are in the portfolio "corporate actions" section
Anybody with TD Waterhouse received notification of the OO yet?
Option 1 15600 shares after consolidation, 3900 extra from open offer will ask for extra 5500 shares, so in total, if i get extra then 25000 shares & if price stays at 13p after the changeover, then my new avg will be 12.25p. Option 2 15600 shares after consolidation 3900 extra from open offer = 19500 shares with no extra. If price stays at 13p after changeover, then my new avg will be 12.6p. Option 3 Opt out & sell now, then wait & see what happens after the 3rd July & use the cash elsewhere. Option 4 Do nothing hold & wait till after the 3rd July & see what happens. but whatever i decide i'm £1000 down from original investment..so it boils down to how i value the new company & how confident i feel that they will reach 50p in say 6 - 12 months, mkt cap will be £95 million there or thereabouts. Got the forms today & will mull it over tonight before deciding..
JJ, it's a tricky one... It's a personal decision and we don't know your finances nor your average. I expect this to be volatile until after the 4th July, the consolidation etc I expect it to level off and then start increasing after the positive news and direct after the conference in Nice as more info we be released then. look at the swings in price now it ticks up and down of very little - I tranche of buying after it settles down could make this go quickly in the right direction. If the share prices is near to the 11p come 4th July when the OO shares can be sold then I can't see many people selling them.... would you be losing money if you sold some shares now? Good luck mate in what ever you do.
For those a little late to the party, please find information about what's happening with Vialogy (soon to be Premaitha Health) and its reverse takeover. This is directly taken from the LSE issue notice. It also put's paid to the previous company activities discussed by others posters. Description of business: The Company is proposing to acquire the entire issued share capital of Premaitha Health Limited (Premaitha), which constitutes a reverse takeover under AIM Rule 14 and which, if approved by shareholders, will have the effect of changing the status of the Company from an investing company to an operating company. The so enlarged group's operations would thereafter constitute exclusively those of Premaitha. Premaitha is a molecular diagnostic company based in the UK that has developed the IONA® test, an in vitro diagnostic non-invasive pre-natal screening test for fetal chromosomal abnormalities such as Down's syndrome. The IONA® test is based on the analysis of circulating fetal DNA in the maternal bloodstream, an approach that has been used since 2011 by several pre-natal screening companies, principally in the USA. The directors and proposed directors believe that the IONA® test will be the first regulated CE marked in vitro diagnostic non-invasive pre-natal screening product to market. The IONA® test is a pre-natal screening test which will be offered to pregnant women to determine the risk that their fetus is affected with Down's Syndrome or other serious genetic diseases. The IONA® test is based on analysis of circulating fetal DNA: an approach that has both a higher detection rate and a lower false positive rate than existing screening tests. This means that expectant mothers can make better informed choices about their pregnancy without risk to them or their fetus. The Company has entered into conditional acquisition agreements to acquire the entire issued share capital of Premaitha for £10.5 million to be satisfied by the issue of new ordinary shares in the Company.
I do not have any spare cash. Would it make sense to sell some of my shares today, and therefore take advantage of the OO that I have entitlement to at £0.11 in order to reduce my average? hope this makes sense, any help would be greatly appreciated, thank you