Member Info for APD708

this one is for investors - https://www.theincegroup.com/

https://www.incegd.com/en/services/restructuring-insolvency

genuine answer: my assessment of Vast says no don't average down from your 14p average. Look for other investment. That is what I have done. Move on from Vast.

Is RMM going bankrupt? No way.......

Don't average down Radika please.... My average is higher than yours. I have written this off. Go on to London Stock Exchange website --> Search for Vast --> Click on Trade Recap --> then look at the Monthly Volume in May.

We know the reason it is so high is due to that RNS in early May but who actually made money obviously other than the punters on AIM.

Read between the lines of my post.....

If you were the BOD and wanted to get in on a placing, how would you do it?

Would you release an RNS like the one they have done and then buy whatever they want to? And to gain even more value for the BOD let's assume there may be a take over bid in the pipeline....

The only purpose to release an RNS like that is to drop the SP massively and this is a fact, right?

most likely buy fitzy - almost £135k - substantial amount - shows conviction.

Hi John, I am under water with this share as well.

I read up RNSs from 2019 time and I agree with you that under Norman Williams (around 5 years as CEO) and then Andre Booyzen (around 14 months as CEO), this mine has never returned a profit hence why the constant raise. Since consolidation we have lost massive %.

Between the last 2 CEOs and TB (current CEO), TB has bought the maximum. In fact, Andrew didn't buy a single share and Norman bought a paltry amount.

Throughout the tenure of the past 2 and the current CEO, Brad Mills as the Chairman has been the constant and of course he is the founder and managing director of Plinian Capital and its CE Mining family of funds.

TB has been in charge since 1st June 2020. In regards to CFOs under his tenure, on 8th Jan 2021, Eason was appointed and then Celeste van Tonder appointed as on-Board Interim CFO on 24th March 2022 and has relocated which shows commitment.

Could next year this mine will finally start producing profits (after restructuring the debt/placing expected in the next couple of weeks)? Or will we see more of the past as you have seen John? It does make you wonder.....

Let's see what the future holds.....

Good points metalhead, hence why I think this vague RNS was released. And they knew the effect this would have on the share price. If they are looking to do a placing (which the RNS doesn't make clear) then a lower SP will be favourable by the participants.

@erratum, "For the Arden transaction to be considered a good financial decision, Ince needs to raise a minimum @ GBP 80 - 100 million per annum for clients." - just curious to know your thought on this, do you mean on top of the circa £100 million annual revenue Ince does? So total annual revenue, close to £180 million?

Hi RetiredBanker, just curious what activities of Ince has created the suspicion that Biles and Co could be going private? The payment of recent dividend suggests otherwise that Ince is not looking to go private otherwise why would they bother with dividend payment.

Also, Ince's revenue is close to £100 million, they need to figure out a way to increase their profit. Even if their revenue stays the same and they can operate at 10 to 14% profit then we are onto a winner here.

I am buying more at the SP. It will bounce. My investment horizon is multi years.

Does anyone know if more dilution or debt is expected this year? If not, then as Cornish's well explained post about getting the mine sorted and the SP will follow will become reality in the times ahead.....

Hi erratum, hope you are well. How did you work out Charles Stanley Group existing their whole position?

What is the investment case private investors consider with Ince? I don't know much about institutional investors hence I am focusing on private investors.

Are the private investors investing in Ince as a value or growth investment? As Ince is an international commercial law firm, focusing mainly on shipping, insurance, energy, aviation and trade, while offering a full commercial legal service, one would think Ince could surpass £100 million and have an ambition to touch £150 million per annum in revenue?

My concern is with a back drop of global conflict/sanctions, rising interest rates for some years to come and rising energy costs (which will persist for at least a couple of years one would imagine) the revenue, profits and spending power of its clients will certainly have an impact which may put downward pressure on Ince's annual revenue ambitions.

So if not double digit growth, then would private investors invest for dividend payment which are so low and not worth mentioning about.

With both views value/growth considered, what is the investment case for Ince one would wonder?

Could be why the SP is dropping. Market thrives on news. Prolonged no news is certainly not good news in markets.

Then would the old adage "There are No Bad Assets, Just Bad Prices" give some hope to private investors in that the SP has dropped to its lowest point and slowly the market 's interest increases in Ince.

I am certainly tempted to invest more at this SP but I won't until positive news start flowing more frequently.

Let's see.

What happens next to SP will depend on the next RNS. Let's see.

If they liquidated Vast completely it will be definitely more than its current market cap of circa 3.52 million. I am expecting punters to try their luck with this share.

Hi erratum, I agree with all you have shared but one thing for your consideration is inflation and higher interest rates which have already entered the market and the world is going to face for at least a couple of years and both these points about inflation and higher interest rates are a fact as of today.

What am i trying to say with higher inflation and interest rates: both will have a significant impact on spending power of the human beings and on the corporate side the costs will rise to service the debts which most companies will have (Ince has too) thus reducing their spending power so Ince's clients spending power will reduce as well.

Both the above parallel streams may mean and we can anticipate that Ince may drop its annual revenue from circa £100 million (to a figure I can't work out) and we can be okay with that but what is most important is for Ince to find ways to increase their profits (if Ince really has shareholders interest at heart and is not working heavily to satisfy its partners interest over shareholders).

Of course, higher interest rates is good for cash rich companies so let's hope Ince can settle its debts and start the multi-year journey towards gradual increase in profits YoY and then sky is the limit for this company. If the foregoing comes true, from the current SP level one can imagine £3 to £5 in 3 to 5 years time. Let's just think about that for a second :)

Look forward to hearing your views on my thoughts above erratum.

ah, thank you Cane :)

Can't buy any shares from HL this morning (since the last 30 mins). Anyone else is experiencing the same?

We all want (those invested in Ince) the same thing which is Ince to start being more profitable and to keep up their circa £100 million per year revenue at least or increase it.

Good to see the healthy and quality exchanges.

Hi Tshaw and erratum, i have been reading your exchange which was high quality and relevant (rather than rants from posters which we see a lot of LSE board) and because of that I thought of checking your profiles and it was great to see both of you joined yesterday 22/02/2022 and the only company you have posted on is Ince, surely this is a coincidence?

Regardless, I do thank you for the high quality of your exchange. I am holding Ince for at least next 12 months.