The total debt owed?
Many of the investments made are near worthless. The stakes owned have been way overvalued and the sector is completely out of fashion. Investors want AI and tech. I did well out of these when it went to 1p after a forced seller....and we know who the big holder was.
So NSCI is falling off a cliff as the big holders dump. Another 10 per cent today. My guess is the NAV is less than 50p based on the prices that could be achieved. I think a lot lower is on the way. At some stage things will turn but not before some big discounts placings and so on. The mkts are just nasty at this time.
Sorry but I think many of us will take a kicking on this. It has rather come out of the blue. The company has no money and debt of 11 million. The share price is falling every day.
Expect the shares to be suspended one morning. The administrators will sell this for a small amount. Someone will make a fortune out of WBI in time when it has all the debt and liabilities written off. It wont be us. Dreadful. Makes me sick but that is capitalism.
Who wants to sell? To buy what? Another ramped dawg? After the fantastic rns that simply said business is booming?
Some will of course.
Why is "Fantastic run!" negative? The idea of a MB is to discuss different views. People are losing so much money at this time on the mkts that is good to be involved in a big winner...up 450% from the 52 week lows. I agree with the title....I think the best gains are here and buying at these levels is a bit bonkers myself. Just my opinion. People get carried away and some on LSE like to be reminded to cash in a few when every post they read is bullish.
52 Week High 34.50
52 Week High Date 15-Aug-2022
52 Week Low 11.75
52 Week Low Date 01-Jun-2023
Sold out myself today. Fantastic run! It might get to 25p but after 12p placing I reckon we are near the top. Funny how punters think a stock will never retrace. Will be watching next results and so on. Well done to those that got in at the lows. Dont forget to protact your capital a bit.
52 Week High 23.50
52 Week High Date 01-Jun-2023
52 Week Low 5.50
52 Week Low Date 10-Oct-2022
POW has just hit a 52 week low. It has little money and no chance of funding anything without raising some serious cash. The last CEO might have helped with that but what now? A drip drip placing at 0.6 or what?
A terrible punt imo. Which is a shame but it has become just an unfunded dawg that is struggling on until the next placing.
After a small placing today (no warrants) the buyers piled in. Very bullish sign. I need 0.41 to break even and i can see 0.80 plus here.
Not a comment on todays RNS. Tough to buy, tougher to sell. Deal should be done by the end of next week. 0.2 confirmed and the company will then have assets worth roughly 4 times current mkt price with the remaining cash added in. Bought myself between 40 and 50 myself and the movement today on 11 trades is bonkers on an RNS day. I reckon buyers could get 1.5p a share minimum esp if a deal is done as a shell. Watch out for any bargain prices to buy next week.
Only a few weeks ago I was selling out for double todays price. These small mineral stocks....you have to grab a profit and get out on the spike.
Looks like a chart breakdown to about 8/9. The punters on twitter really ramped this so they will have another go soon enough but for the moment during the summer it is a relief to be out!
"key performance indicators of revenue, profitability and cash generation all showing very strong growth."++ cannot see why anyone would sell below £8. Been in this before but piled in yesterday morning. Still very cheap and I see this much higher before end of July statement. In these dire mkts I wont be grabbing a profit here to buy some dawg. A very few stocks around that look big winners this summer and this looks a great place for your cash.
This is not rubbish...."vague promises from a discredited board"
Rival Purplebricks bidder plots to hijack £1 takeover – with £1.5m offer
Lecram Holdings warns cut-price sale 'not in best interest of shareholders'
Lecram Holdings said: “We believe that the Strike transaction agreed by the board of the company is not in the best interests of shareholders and could end up with them receiving nothing.
“We believe our offer gives shareholders the certainty of cash now rather than vague promises from a discredited board of something more somewhere down the line.”
Isabelle....a few years ago a company called Raymarine (makes equipment for yachts) reported it was going broke and said on a number of occasions there had been no takeover offers. An industry magazine knew that was a lie and threatened the directors with judicial review. The directors were forced to admit there had been a dozen or so offers and the agreed price was many times the share price. The directors had hoped to buy the company off the dminstration for nothing.
Not saying that is the situation here. But the rns should simply have said there is a counter offer and we are in negotiations. No need to say we prefer the £1 strike offer at this time. The vote should be pushed back to the closing date of the new potential offer.
Maybe not but many of those encouraged to buy at crazy levels were encouraged to do so by the constant ramping and refusal to discuss Tek. Unless you think "bargain", "cheap as chips" " its going up" etc is valid?
Shorters will often flood message boards so there is plenty of stock available. The mugs buy at silly prices so they can sell at silly prices. Then they cash in and disappear
The directors are required by law to seek the best possible offer not agree to take the Strike offer because it might be better for them. Other offers may come forward but they seem desperate to take the pathetic Strike offer of £1 asap.
I warned a few times this was way overpriced at 30p plus. Naturally the rampers jumped on me but I happily took my cash.
The good news is that I have bought some back today and around 12.5p is a good start. Will we see this below 10p? Possibly. The mkt does not like the ramping or the lack of objective discussion and those who were buying at 25p and higher are clearly taking the hit. I think is a good price (there are few true "bargains" in the mkt) and I see a rally to 20p. We are near the bottom I think but you cannot time that exactly so if this falls more I will buy more.
Meanwhile rampers and those with blinkers on that are now losing 50 to 70% on this.....clear off and dont come back until you have something honest and realistic to say.
"The Company has previously advised that the delays had caused our cash to be constrained. Recent exercise of options and issue of remaining shares free from pre-emptive rights by way of direct placement, has provided interim relief to this position. Alternative further funding may need to be sought if there are any further significant shipment delays."
Posters on here seem to forget that many investors in Prem have been here before many times. "cheap" and bargain and so on......just ramping. Prem has so many shares in issue that it can halve in an instance. George has always done multiple placings. I bet most of you dont even know that George announced he was leaving prem 5 years ago.....to the cheers of most investors...but he is somehow still there. Zulu has always been the crown jewels for many years but it has never made a penny in revenue. Buy as many prem as you like....I once put in 40 grand £.....
This is because there are billions ofshares in issue. I believe this is a record for the UK mkts