Member Info for bald_eagle

RB, is there a name for this sort of a deal?

I've not heard of UK companies doing this before....it sounds too good to be true. Basically they are creating new shares and valuing those new shares above market rate. So they are creating value out of nothing. In a normal market the new shares would dilute the value of existing shares. Sounds odd to me.

"There's no way somebody could come into the market and buy 12m shares without the price going way beyond £2.50......"

Yeah, but it isn't likely to happen, or are we living on Fantasy island?....although sometimes in the UK it feels like it.

"It's not possible for a start....I agree RB, simple solution...."

That's as clear as mud.

PS. This is the same company who changed their name but forgot to secure the rights to the new name....so they had to pay some person in a small village in Wales who read the RNS and licensed the name before they did. I don't think they do fine detail....hole in the ground needed, buy big machines to dig it!

"I think they should offer to list 12m new shares at £2.50."

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RB, I don't understand how they would do that. Who would buy those 12million shares and why would they pay £2.50 for shares they could get for circa £1.10.

I agree that having a shareholder that owns 70% of the company isn't good.....but I'm not sure how they could dilute that holding without people who want to purchase.

Hopefully if the company start to get near 100,000 oz per year then investors will start to take the company seriously and the Assabeyeu family can start to sell into that interest.

"....McCall is re-elected with a 99.91% mandate. "

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Surely that cannot be true. With the huge clout Uncle Tom and his comrades have in the investment world they should have managed mustered a better anti-McCall vote than 0.09%....still think there must be a typo. I'm tempted to ask for a recount!

What a pain that Altyn's RNS's no longer appear on 'London South East'.

Everyone seems to be Tom, or being accused of being a 'Tom in sheeps clothing'. The 'Tom person' has infected this forum like a disease. Perhaps we should embrace our 'Tomness', have a Spartacus moment - ahem, Tomacus moment!

I'm Tom....and proud of it!!

(I've still got him blocked though!)

"The company simply buys shares on the open market and cancels them. Your shareholding remains as-is. In theory it shouldn't affect the share price at all as it's a neutral transaction. "

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If one cancels shares then presumably the P/E ratio increases - although they are probably just cancelling shares that they then re-issue to give to employee bonus schemes. Increased P/E can make a share appear better value and I suppose might impact the dividend paid.

But generally I agree. They are could also the sign of a leadership that don't have any idea on how to invest for growth and use it as a means to hit their milestone targets and guarantee their bonuses.

Pokerchips, I have to agree that Tom has walked a very fine line legally in some of the things he has posted. I'm not sure if he is aware that we are potentially liable for things we post on forums. There is not much anonymity, we all leave a footprint by which we can be found.

More surprising is how LSE leave themselves open to legal action too by allowing such stuff to be posted on their forum. But I suppose they are aware of the risks.

Personally I like to filter him & some of his acolytes. Bliss.....they don't imo bring anything to the debate on ITV.

SIDI, sort of knew it was a 'joke'. Just pointing out that sometimes what one thinks is impossible mysteriously happens. I expect Putin never thought the pride of the Russian navy would be so vulnerable.

Also no 'fun' for the crews on the ships. They have to take all possible threats deadly seriously. Complacency is a bad thing. We have a history in UK of people who think they are doing a wonderful job, turns out they weren't....I wonder if that applies to LGEN!

"Provided that the Houthis missiles are not going to sink the US Carrier Carl Vinson in the Red sea, lol."

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Personally I'm not sure what the capablities of the Houthi missiles are. I know they get a lot of the stuff from Iran....so it might be fairly advanced. The Americans have been targetting radar stations, which would impy a fairly integrated information network.

Seem to remember a long time back a speedboat loaded with explosives blowing a big hole in an American warship somewhere in the region - killling some American crew. The ship didn't sink.

Sometimes it is the low tech threats that get through. The Urkainians have had some success against Russian ships around Crimea using sometimes low tech weapons...sank at least one.

Not sure what it's got to do with LGEN though.

"Friday 12 Jan tip in Telegraph's Questor...has it as a hold (closing SP at 247.7). So it may garner some interest from the Telegraph readers on Monday"

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Why?

Is there something peculair about Telegraph readers that would prompt them into action based on a 'hold' recommendation?

"Apple and Oranges...., but to compare this to the Dame on ITV what has she done wrong in the eyes of the city nothing. !!!!"

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No comparison intended. Just that people seem to need a scapegoat. Even if there is sometimes nobody to blame or the wrong person gets scapegoated.

Are Michelle & her husband really to blame?!....I think in that case we can all agree.

"Mr Bates…was streamed more than one million times....and growing."

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Unfortunately one summer doesn't make a summer. But it was interesting to see the cut through into politics when even the likes of Priti Patel stood up and were demanding answers in the Commons.

Also the petition to strip Vennell of her gong has reached 1.2 mill. We are an odd lot the British. The story has been around for years and nobody much took an interest. Get a few actors like Toby Jones to play the part and we want to set the world to rights.

I suspect Politicians however are in it for the votes (mostly).

I'm sure some on here will be saying this is 'Wokeness' gone mad....perhaps people have just woken up. We want a scapegoat (I wonder if that also applies to Dame McCall)!

Putting a long list of women business leaders as proof that Dame Carolyn McCall

LIsting women who are in 'the naughty corner' smacks of misogyny. I'm sure there is an equally long list of male business men who have failed to impress.....indeed isn't Michelle Mone married to one?!

Although I suppose it could be argued that pocketing £60m from a contract worth £200m isn't exactly failure....the mistake was getting caught.

I'm sure 'some' people would describe it as woke TV. But it continues to cause trouble for the establishment. Should have named it 'master bates on the post office' though!

"They seem to be unable to grasp, even now, that fiscal changes in monetary policy take nine months or more to filter through the economy to show their effect; incompetence in both directions it seems"

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I'm sure they are all well aware of the lag between interest rate changes and the effect on the economy. They are using a sledge hammer to crack a nut....little delicate taps are tricky, although easy in hindsight to over do things. But their remit is to crack the nut and they have to keep tapping away until the job is done. What is left might not be ideal but the nut will be cracked eventually.

They also have people telling them, "You don't want to do it like that!"

"You have to be suspicious of the BoE motives...."

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You cannot please everybody. Presumably they have access to all the latest data & research. But they are still human & fallible. But if they manage to stabilise the economy and it leads to a stock market recovery we well all presumably applaud them.

It must be a nightmare because effectively they have one economic intrument - interest rates - to control inflation. But an electioneering government could splash the cash and ruin their careful plans. I expect they are adept at herding cats.

Looks like a bit of money is being put into Altyn.

I suspect in some way we are all attached to the UK economy and hope it does well. So perhaps we are all a little bit Brexity (even the remainers). The irony I suspect is that Rees-Mogg (& other 'clever' people) exited the UK market quite some time ago and some may even have been shorting. But I'm left with the little union jack waving on my British mini (designed by Germans) and left holding the baby. The fact that the little chap has a monocle and looks like a cross between Moggy & Boris is a little disconcerting though!!

NoSevilleCapis, I will leave it to others to comment on what you wrote.

The best way for UK companies to improve their standing amongst investors is to deliver increased profits & growth. Perhaps at some point foreign investors may also take an interest in the cheap valuations of UK plc and start to make offers we cannot refuse. I'm sure a better working relationship with the EU would be one thing they are looking for....and apparently those nasty socialists in the Labour party may be open to that.

I think we are all fed up with the lies aroung the B-thingy and just want to get on with our lives.