Member Info for EdwardSeaton

What do you consider the board to be doing wrong?

The January trading update was suitably positive.

Too funny. Made me smile.

FWIW? I honestly don't know what your tax affairs are worth to the rest of us. I'm guessing absolutely nothing, but maybe one of us randomly happens to be your accountant?

I would say it is very simple.

Firstly, no surprises is being treated as good news. The company is fit and well.

Secondly, prices don't only move on the release of news/results four times a year. Any number of factors can influence sentiment.

And thirdly, buyers now outweigh sellers, presumably because they see relative value.

I don't think it is any more complicated or mysterious than that.

Does anyone know of a way to apply a filter to pointlessly boastful posts that add absolutely nothing to the conversation?

It's a ridiculous thing that the share price is incredibly close to where it was when the company floated in 1994.

In the years since, it has been consistently profitable (I think it lost money in one year in 1999) and always debt free. It's balance sheet has doubled, and it has paid consistent and decent dividends. There is decent liquidity in the shares, with plenty of daily trading, and the directors are well invested.

But here we are at 393p, with no real rhyme nor reason.

The trouble is that when the price is irrational, it can just as easily move one way or the other. But there is great substance behind the value of each share, and that is why I hold them.

Responding, even with deserved ridicule, only feeds his addiction.

He knows he can't help himself, so for the sake of us all, I beg you not to.

There is an incurable condition called "'Does my keyboard still work?' paranioa".

It's not looking good for this one.

It isn't really that wide if you trade.

And it does trade far more than many similar cap shares.

Https://nanoporetech.com/news/oxford-nanopore-receives-regulatory-approval-for-its-first-diagnostic-device-in-the-uk-and-europe

Coal specifically at 36m.

I listened to all that. Stunningly eloquent.

Not really. ONT is exactly where it was 12 months ago.

The only reason this character posts these inane comments is to get a rise from the rest of us. Bizarrely, he is always rewarded.

Do you know what? I think it would be worth buying at 0.45p and selling at 0.65p. A genius idea.

Given that they are only paying an initial consideration of c. £2m for Goedehoop, I don't see this as a threat to the dividend.

The rest of the headline £30m purchase price is conditional upon the acquisition performing positively.

One certainty is that LAS will always push for a high dividend with its 42% holding.

LOTM - thanks for your friendly and respectful comment(s).

I am entirely happy with the Goedehoop purchase for what is initially a very small consideration. Looking back, it is 100% in line with my 30th June summary of the AGM.

I own this share because of its coal interests, not because of its distracting property investments or opaque mini-investment fund, so this for me is good news. I absolutely believe in the positive long term dynamics of the coal market. Others may not, and that's fine.

On balance, I would rather the company had remained on the main market for transparency, despite the cost of doing so. But if I was to ever sell rather than buy, I would have stiffed the share price anyway. Liquidity is an issue wherever it resides.

I am in my early 50s and see this as a 10 to 20 year hold. The share price is irrelevant to me. My interests are the balance sheet and the dividend stream - nothing else.

You don't hold this share and clearly have no intention of doing so. So I really see no merit in throwing mud, however good it feels.

No, it's the other way round - LAS owns 42% of Bisichi.

Sorry - I don't understand. I lost what?

There really couldn't be less point in posting at length what is already fully visible on the RNS tab.