Member Info for Bridgenut

65jh, I don't think any UJO investor would have a problem with someone coming on this board and promoting a bear case as long as they presented their arguments in a reasoned and polite manner. It's a free world and everyone is entitled to their opinion. However, your brand of malevolent **** stirring exposes your true motive/agenda. Pitiful.

Pboo, 4 months ago RBD raised £24m in record time and UJO raised £5m without any difficulty. I suspect that whatever compelled the investors to participate in those raises might also spark the interest of majors.

I wonder if the company are still after the individual/individuals who leaked the volumetrics to the market pre official RNS, its all gone quiet on that front

Vanguard, it's not up to the company to prosecute wrongdoers. All they can do is refer the details to the appropriate authorities - the FCA. Unfortunately, their wheels turn slowly - if at all, some would say. It's not in our interests for DB and his team to be distracted by the issue. They need to concentrate on the day job - which, I'm sure, is exactly what they are doing.

That's my point Luckyman, those big holders would have to RNS when their holdings drop below 5% & 3% and that doesn't seem to be happening. Think about the placees who funded the £4.8m raise in Sept 2018 - they waited 9 months to get a 60% return but were nearly 40% under water after 6 months!

Luckyman,

Here's a few reasons to be patient:-

Significant shareholders as at 8 November 2019:
Name %
Miton Asset Management 9.14
M&G Investment Management 5.40
JO Hambro Capital Management 4.61
Fidelity International Limited (FIL) 3.89
J Safra Sarasin 3.71
UBS Wealth Management (UK) 3.48
Hargreave Hale 3.30
Chelverton Asset Management 3.14
Sand Grove Capital Management 2.48
Ruffer Investment Management 2.01
Charles Stanley & Co 1.87
Jarvis Investment Management 1.66
Guinness Asset Management 1.46
Janus Henderson 1.40

That's 47.55% known to be held by IIs (there will be more with lower % holdings) and the Directors account for a further 3.07%. The four TR-1 notifications RNSed since publication of this list show no material change to the picture. Also, the IIs who took the 2.66 billion shares in the October placing are down circa 30% but they don't seem to be selling. What conclusions do you draw from that?

Cheer up Luckyman, Pboo and all others who are feeling a bit despondent - nothing wrong with a slow burner!

"24 weeks have gone by since the EWT was ended and still no news.
24 weeks nearly half a year."

Pboo,
On account of their lack of patience, private investors are so often their own worst enemies. To illustrate the point, consider the last two Reabold placings (which are very relevant for UJO). On 5/9/18, RBD placed 4.8 million shares at 0.85p - a discount of only 3.4% on the previous day's close of 0.875p. M&G cornerstoned the placing by investing £3m. Six months later in March 2019 the share price had drifted to a low of 0.525p and the placees were looking at a paper loss approaching 40%. 3 months later, the share price peaked at 1.35p when the West Newton news was RNSed in June. That's a 59% profit after 9 months for those patient placees who I suspect increased their profits by accumulating shares during the long news vacuum.
Fast forward to RBD's next placing in October 2019. More than 2.6 billion shares placed at 0.9p - a 12% discount this time. The placing was done and dusted in 24 hours - £24m raised! The investment case to fund West Newton (via Ratlin who are the operator) must have been compelling. 5 months later and the October placees are staring at a 28% paper loss. So Pboo, do you think history is repeating itself? A quick glance at the price action (and volume) on the RBD chart shows you that there was no opportunity to flip this many shares post the placing - no pump and dump, these shares are being held tightly. The IIs who hoovered up the 2.66 billion placing don't have a problem waiting 24 weeks - they just use the time to accumulate more cheap shares.

Chrishutch, I learnt the art of tea making from my maternal grandmother more than fifty years ago - loose tea in a pre-warmed teapot, poured, after a few minutes, through a strainer into a pre-warmed cup! I'm a baby boomer; your lack of attention to detail suggests to me that you might be a millenial?!

Yep, smart move.

Steve, I reckon Heaven is the ultimate safe haven. Anyone there won't be too bothered about the analyst's predictions!

Older, the added value from the placings is reflected in the market cap.

to see so many peeps lose the plot as they allow the boiler room bashers to shred their nerves. For reassurance you just have to focus on a few facts which demonstrate why Reabold is a solid investment.
The company raised £4.8m at 0.85p on 5/9/18 - a small discount on the closing price of 0.875p the previous day. A little over six months later in March this year the share price reached a low of 0.525p before peaking at 1.35p when the WN news was RNSed in late June.
£24m was then raised at 0.9p on 9/10/19 - at an increased discount of 12.25% but it was a much larger raise - 5 times larger. Once again the share price is drifting as we wait for operations to resume at WN pending finalisation of a revised operating plan - new permissions and equipment are required.
It's inconceivable that these placings would have been accomplished so quickly and easily without the placees (IIs) being provided with compelling evidence - evidence that would have been scrutinised by their due diligence teams.
As before, all that's required now is patience. It took nine months after the first placing but I doubt we'll have to wait that long this time.

.... Metro abandoned their bond sale after attracting only £175m of orders. That's actually quite close to their £200m target; you would think that Metro might have got that over the line ... that is, if they wanted to. Time to revisit the Align update from a week past Sunday.

.... If we were in the large shareholders and Vernon Hill’s shoes, we would certainly be looking very closely at taking the bank private. After all, what is the purpose for the list other than to raise capital. At this price it would be nonsensical unless forced to for the bank to raise further equity and so the basis for a listing is presently gone....

Maybe better for peeps to pay attention to market professionals than BB posters who want to trade on their misery.

MikG - shareholders can reaffirm the strength of the balance sheet, capital position etc of the company through their own research. Directors who deliberately diss the share price of their companies tend to end up in clink.

No Johny, I wasn't being serious. A tad flippant maybe but definitely not serious.

No offence meant - have a good weekend.

Johnychainlocker! Surely that should be Johnnychainlocker?

I'll get me coat.

drillingcrew, a change of management would be the event most likely to catapult the Mayan share price. Assuming, of course, that the new management had the necessary experience and competence.

Richie, many thanks for your response. Maybe this is one holding that's worth space in the 'bottom drawer'!

My best wishes for Christmas and 2019 to yourself and all at Align.

Richie,

Whilst it's reassuring that you have Wood and Gonzalez in your sights, an equally important issue is whether the fortunes of Mayan can be restored by new effective management. As someone down about 70% on a modest investment, I'd be interested in your thoughts on that point.

If you think 'Patience and belief are the quay ..... ' , it's maybe time to hang up the sea boots?

You're right about the handbags and I am enjoying the blue. In fact, a tiny bit more blue and I'll be back to b/e after buying in early this year! That's usually my cue to sell up but as this has broken out above a significant trendline and the EMA200 on the daily chart, I may just hang around for a bit.

harhoo. Getting all hysterical is bad for blood vessels - and karma. BTW, I'm a holder here.