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You are right although you refer to Team Clem all the time you could easily refer to both his predecessor and her predecessor and his predecessor as well. You can add no income or likelihood of any income, of course no profits for many years. this company is deader than the famous dead parrot I Monty Python so it really doenst matter what Clem or anyone lese says or does or publishes, there is no company anymore and anyone holding on to the hope that their shares will ever get a penny are living in cloud cuckoo land. Move on and make the money back on other shares from real companies Is my advice
worried about what, that a company that in all other areas doesn't exist shouldn't have a website, what difference does it make ?
That is absolutely fine, anyone can do what they want with their time, but I still think it is a total waste. As for putting anyone in prison I can agree with the sentiment but sadly there is no law against what the leaders of this company has taken out of shareholders for the last 6-8 years and even if they were you will need money and other resources to pursue them and the cash you would get back would be minimal. I was certainly a genuine investor and I remember the times that this board was the busiest one in LSE. Nearly everybody who are left are either still under the sad delusion that they could get some of their money back (which wont and ant happen) or they are seeking sort of revenge or like in my sake for sentimental reasons they are looking in once a month or so to se if the chat is still going. When I say waste of time , what I am saying is that I would spend my time on research and debate on other shares to try and win whatever you may have lost on this share back elsewhere. this share hasn't had any future for a very long time and I and 995 of shareholders have long since written off our investment nad moved on hopefully to better things As for lessons learned there are many, in my view the main one being that just because you won a share you don't have to believe everything that the directors or the vast majority of a forum say. The forums will always be positive because most of the people writing are holders and therefore hope (don't know) that the share will go up and maybe even believe they can talk it up. it just isn't always true and it lures too many innocent victims into the trap. Many other lessons such as if a company has no production, no income ,no money and no plan there is no company and certainly no future. Well, enough time wasted, have a good day and week!
You asked for honesty. Honestly this is a total and utterly worthless share and has been for a very long time and anyone spending energy on debating the share are wasting the time. Write off the losses and learn the lessons and there are a lot of lessons to learn here and move on.
The RNS says results due 29 November. the fall of the pound should benefit the company as a lot of their earnings are in other currencies bringing them back to the UK, will only have a major effect next period. Also exports should increase so that is also a good signal. It does seem difficult to maintain a price over 70 which is ridiculous. Still hoping for close to 80 before year end and hopefully getting the magic 3 figures next year either due to good results or the long awaited takeover bid
I will pay 20 pounds for them which is probably more than they are worth but that could the start of a takeover so I could pay myself consultancy fees for the rest of the cash sitting in SER
Nice to hear from you again. Whatever one can say about Sefton and there is a lot, I met some interesting people and made some friends and had a lot of entertainment on this forum. the company was only going one way and I don't even understand this discussion going on now about what to do. there is nothing to do and your money is gone. haven't received any e-mail, but if I was asked I would say , please give whatever is left to charity before it is all squandered away. At least some good could then come out of this farce they called a company. Hope you are well and always happy to listen if you have any great ideas for shares. personally I think the market is very close to it's highs now and might take an almighty downturn over the next few months so I am on some quite big shorts in the overall indexes.
This is beyond the joke, here are a few questions: Since the company is no longer listed they don't have to follow the rules of the exchange so there are no rules as to calling an EGM that I know of anyway? How are they going to register votes, most shares are held by brokers who don't value these shares anymore, so have no idea how they are going to calculate the shares cast? Why would anyone want to run a company with no production or outlook of production, no assets or outlook of assetts. no income or outlook of income and no staff or anything else that normally would constitute a company! As the old sketch says , this parrott (read: company) is dead!! it is totally beyond ridiculous that there is now a battle as to who wishes to bury the corpse. The only reason I can think of is that if there is a 100.000 left in cash who ever sits as directors at the very end can assign that cash to themselves as directors fees. If anyone wants my votes if there is a vote they have to show me something that makes me believe that there is a plan to make money for shareholders , not just the directors as it has always been for this company. I don't believe it is possible, happy to see me proven wrong but honestly don't hope any hopes whatsoever. This parrot is dead!
No Reg, it is not you, this is the commentary from Clem's pals on the update a few weeks ago which told us nothing of value. We have sold our last asset (Kansas which of course was useless) and we are playing legal tiddlywinks with Jim. There is no news on any potential income, production, investment or future. SER doesn't have any of these and of course no employees or listing either. Our cash is virtually worth nothing. With around 5 billion shares you can try and work out the value per share. I treid to work it out and for 50000 shares you might get a Big mac if you could ever sell your shares. I have no idea why they keep this company alive other to keep a few people happy on this site. I think that for those still hoping that they can double their money and get 2 Big Macs their time is much better spent looking how to recoup the money elsewhere. I have made more on SOU the last few months than I ever made on SER even when I was making money on this share. If I was Clem and Hodges I would put SER to rest, it is simply a distraction!
Always nice with a laugh, and if you cry with laughter you can use you SER shares to wipe the tears away, as that is the only thing they will ever be good for!
Big tranches (for this share) buying today on this share. Looks like I am not the only one believing that we still have a long way to go upwards for this share. Maybe somebody knows about news to come!
Kublai, you make me laugh. So how often did you speak to Jim?, certainly don't remember you while the company was still in business, if you were must have been under a different name as you only joined this forum after the company was already dying! I actually met, spoke and had calls with the 3 last CEOs so once again you are worng, but it doenst matter who spoke to whom. The facts speak for themselves and it is pointless continuing trawling over the bad history of this company the last 6-8 years.
I have no intention towaste my time on protracted discussions on this site than I already have over the last 8 years. Kublaikhan thinks he understands the company because some blogger who was involved in the personal fights between the various bloggers said something long after the company had seen it's demise. Every update overt he last 6 years was greeted with enthusiasm and clapping of small hands and like wise this latest update was seen "positive". I will just mention one thinag and that is that with around 5 Billion shares 300.000 pounds means that each share has a approximate value of o,oo6 P or in other words you need about 15000 shares to have a pound. Even that is ridiculous because we don't have 300.000, this includes expected income which any one who has ever been involved in this company will take with a pinch of salt. I suggest people start investing in shares instead of pipedreams
I dnt know if this was a post from me you posted earlier from November 2015. BY then this company had been dead for a very long time. As I said before, yes, there were times where one could hope it could somehow recover because the company had some losses that could be utilised for tax purposes. But the company had no income, no proper management, no money and no anything else, so if somebody seriously wanted to waste their time and money on trying to make it into a company again, why not give it a chance. As I said before 90% of my posts told you the disaster that the company was long before anyone else realised it. It wasn't this management, the previous or the previous that drove the company down. It was the management that sat all the years until 2 years ago that swindled and defrauded Sefton resources for everything it had. All I know I know is that if anyone had listened for the 5 years I fought against Jim a lot of people would have saved a lot of money. Now it is time to forget about Sefton and recoup the money elsewhere. Some of us have been doing so for a long time already, time everybody moves on!
I think you may confuse me with somebody else. Nobody posted more posts against the regime that brought this company down and I took ongoing abuse from a huge array of ramping brigades who wouldn't have a word spoken against the management. I sold SER several times over the last 7-8 years and ended in profit on this company which not many can say. All my comments and transactions are on record. It is true that when BMD came in I saw it as a last chance to save this company which at that time already had no cash, had generated no income for some time and had no future. However when he took all the money for his few months I immediately turned although loads of people still believed it was part of a masterplan. The thing about crooks is that they make people believe them so I don't blame people for falling into the traps that were set. What I do hope people have learnt is that just because they own a share it doesn't mean they have to hold on to it forever. Also just because you own a share it doesn't mean that everything about that share is fabulous and everything said about he share is true. This company did not die tis or last year, it died long before that, any attempts the last few eyars simply helped squeeze the last breath and pounds out of the company. there are still people around that think the company will survive and will rise again. unbelievable!
A lot of buying to day for a company that has very few shares in general circulation and price continues to go up, nearly 20% in about 1 month. Extremely welcome and my portfolio looks much more healthy now. I am just wondering if the buyer is coincidental or if a bid is brewing. wouldn't at all be surprised and then we can hopefully see 100 and I will be a very happy bunny!
For what's it is worth is exactly nothing. Don't see any reason to prolong the agony. This company is like the parrot in Monthy Python totally and utterly dead and has been for the last 2 years.
You have lost all your money on this and anyone who even hints at anything different is living in cloud cuckoo land. Sorry about that but better to know and plan how to recuperate the losses than keep on hoping. Too many crooks involved for too many years robbed this company of any chance to succeed and survive!
latest analysis and update from HRG. clearly undervalued: http://www.edisoninvestmentresearch.com/research/report/hogg-robinson-group36/full
That note is issued every month and there has been no change in overall number of shares. NO profit warning nd didn't expect it, the price is just getting more reflective of the true value of this company which should be above 80 long ago even without potential takeover. Ift that happens over 100.