The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
https://www.locationsciencesgroup.ai/investor-relations/
Just an observation, noticed today the website is down, it’s previously been active and updated to the new management and Concert party etc, last looked last week when it was live.
Could be nothing, but…
First chunky buy for a while, nice to see others happy to pay what the directors and CP did 2 years ago, results end of the month hopefully shed some light on how a target company is coming along
Sorry that was meant to read ‘couple of old articles here, but worth a read’
Yes I fully agree whatever they originally had lined up for this fell through for whatever reason and since have been searching for the right target.
There’s so many big names on that share register for a micro cap it’ll have its day on news and there after.
Richard Hughes being one of the biggies also, serial deal maker, whose wife or daughters (I’m not sure which) are on the share register in the CP also Rebecca and Abigail Hughes, both own 50m 1.89%.
Couple of articles here, but worth a read.
https://www.manchestereveningnews.co.uk/business/business-news/having-fun-is-a-big-deal-for-ian-1126554.amp
https://www.manchestereveningnews.co.uk/business/business-news/zeus-pairs-midas-touch-943080.amp
I had contact with Nigel a couple weeks ago.
That was my original thoughts also M19 and maybe fell through for whatever reason, as you suggested you would have thought the CP had a target lined up.
The fact is, in my opinion it is a buy and hold anything sub 0.2p, as let’s face it, there isn’t going to be a deal done at a price lower than that, no one likes losing money and the people in control have substantial amounts invested at that price, if they want to reward themselves for the last 2 years they need the price substantially higher than that and it also needs to be comfortably north of 0.3p for a prolonged period for their warrants to kick in also as per the placing RNS.
Like you, I don’t have a clue what the target is, but I trust the fact there are some high profile names on the share register and management that will want a decent return, results end of the month may bring an update.
Once a deal has been done, it could potentially make headlines considering the Kamani’s involvement and if the share structure is unaffected, this could just be one of those big movers IMO.
By share structure being unaffected, I mean no retail placing, any incoming company the vendors will likely be issued shares with a lock in, if that is the case and no further funds are raised with retail investors this could do a spectacular move considering it currently moves hard each way on a few thousand pound worth of trades.
It’s been a long wait almost 2 years, but I think asking for promotion at a shell company, which lets face it, LSAI is, is quite unfair. Until a deal or RTO is announced, they simply haven’t got anything to promote.
Any issues, I urge you to contact either Nigel or Simon. I’ve had contact with Nigel and asked if much activity was going on behind the scenes. Obviously he couldn’t say a great deal but he assured me a lot has been going on behind the scenes and advised they had looked at multiple companies, but would rather take the time to find the right deal that’ll create shareholder value than doing a deal for the sake of just doing one, which I fully support.
He also reminded me that he and simon have invested significant funds along with the majority of shareholders at 0.2p so they are fully aligned with shareholders to do a deal that creates value, and also they have been taking payment in shares at 0.2p also! Let’s not forget Simon also has 500m promoter warrants that expire in 3 years so something needs to happen reasonable soon to start getting the share price moving so they are well in the money.
For clarity I hold 1% here
I certainly wouldn’t be against such a target as that has blue sky potential
Well yea there kind of does need to be a link as with reality mine simon Wilkinson is a non-exec chairman, that’s a link, otherwise you could pluck anyone of millions of companies and speculate they could be RTO target - I have quite a large holding here so certainly not deramping, but I’m my opinion for speculation t have merit there needs to be more of a link
Quick look at this, I actually really like the concept but apart from Boohoo recently adopting it, what would link it to here? Just had a quick look on companies house and no directors are linked with the Concert party here, just trying to think of or find a more valid link
https://www.namibian.com.na/117677/read/Recent-Namibian-oil-discoveries-inspire-more-drilling-in-Africa
Mentions Global alongside Shell, Total and Eco - very very interesting
There was a buy order in recently kept showing up in auction for 500k, haven’t seen it there for a while but wonder if they’ll come back for a few, think it’s was in at 1.39 from memory
A bit of decent news now could really see this one move imo
Yea there’s been 250k on the ASK for weeks but it’s now pretty dry, chart looks lovely too right now
First couple of buys for ages - just need a positive update to set us on our way
250k max anymore is 1.99
Agree just a waiting game - still only 250k max before the MM’s want a big premium
Be interesting to see who took the 2.125m from last Thursday also, if it’s a TR1 holder, we’d expect an increase TR1 as that’s almost 1.5% in one trade, I initially thought it was also a sell as it matched the remaining holding but now they’ve TR1’d saying they had sold 2m only, it would suggest the 2.125m was a buy
Took some here last Thursday 2 x 250k after the book flipped, it’s been very weak on the bid for months and have always been able to buy in size, Thursday that changed, and was proved right by the large delayed trades that popped up after close on Friday evening, suggests either seller out or someone has taken a decent chunk off of the seller. One of the trades matched the ending figure 2.125m and 2m trades, seller had 5.325m left over a month ago - still valued sub cash also, so add a bit of news and could see a nice move
My take on todays news is this - it’s crystal clear this has been done as news that R.Parris considers strong enough to get some warrant cash in, for this to happen and for current warrant holders to want to exercise them I would say the share price will need to be trading comfortably above 30p.
News won’t be released in 2 weeks as that will only allow a day or 2 of trading for warrants to be exercised, in my opinion news will come within the next week, which gives a whole week or so of trading to get as many warrants and as much cash in as possible.
Like it or not, warrants being exercised is better than a discounted placing, and the fact they’ve been extended by only 2 weeks, is clear as day big news is very close IMO
Let’s see how it plays out…