Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
The MCAP is too low for a cash raise so SP by necessity may climb until a nice premium can be offered
We have just raised you muppet.. !
You can be sure the ext time we do it will be £'s not pence...!
Now you can do a wheelie on your way out... I am sure you know how :D
Did i say SP , meant BP
Manifesto, You really don't like anyone having a different point of view do you? Playground name calling and suggestions to depart seems to be your only reaction .. You must realise it undermines what you want others to believe?
On Smallwheel's post - they have just done the sums, like others and worked out at the cash burn rate, taking out the cost of the raise, and the absence of deals bringing in real cash, means the business will need more working capital before Christmas. My prediction as you know is in October - and its going to be very tough on existing holders because there is almost nothing other than hope in the new CEO to point at - (that hasnt been promised for years). Other businesses with these revenues and ebit profile measure their value in pence and life expectancy in months.. which makes following your money very brave for institutions.
@Ravenswell
If you cannot see the potential being in after suspension with Kelly at the helm, that is your loss..
Maybe Smallwheel can give you a lift... All of your posts have been negative here.... Kelly
has been transparent about everything he has discovered, and still believes he can turn
it around...He landed GM in months... I look forward to the next contract win and the many
after that... If you had a clue you would see someone is building a significant position
here, do come back for a chat when the TR1 lands .....
I can see the cash raise being announced as soon as next week. They could give away half the business for 50p raising £30m which would give the CEO some breathing space to turn it around
I can see the institutions filling any cash raise (what's a 30m gamble to them?)
The CEO has put his money where his mouth is and I am super confident that he will turn it around