Member Info for groundsander

From the Pro-active presentation - Crabb said, “You can’t sell to customers that don’t know you exist…"

Perhaps needs to consider his own advice, with respect to an investor perspective... you can't attract new shareholders that don't know you exist!

@zoolook - Indeed, same here with HL. They debited all my LDG shares to be under corporate action, then credited a number of shares back - with a remainder under corporate action and showing a value based on 19p sp and that being used as the value in the portfolio. Today my account has updated to show a corporate action with 10,000 less shares tendered at 19p than before. Very poor by HL.

Update of interest to those following the 79th antics...

Numerous sub companies of 79th have been falling in to administration or hit with winding up petitions.

https://caseboard.io/cases/?prod_caseboard_cases%5Bquery%5D=79th

Today it is reported that the 79th Group has collapsed and staff laid off.

https://www.thebusinessdesk.com/northwest/news/2151427-investment-business-79th-group-collapses-as-fraud-investigation-impacts/

Looks like 79th group have suspended payments looking at some of the disgruntled comments online.

Today their website has vanished, emails bouncing back and phones reported to be down. https://www.the79thgroup.co.uk/

Not looking good.

Unfortunate for FCM to be mixed up with a flogger of unregulated mini-bonds.

More 79th group news today...

https://fixedincomegenius.com/u/79th-group-suspends-all-investor-payments/

Not invested here and only really came across FCM from my interest in the goings on of the 79th Group.

Anyway those with questions on the 79th Group situation might find this an interesting read.

https://insolvencyandlaw.co.uk/the-79th-group-police-fraud-investigation/

Pickedpeck - what do you think share price should be?

Its certainly not worth the 12.5p it was last week.

The initial "up to £16m" is not half of the available cash.... it is "approximately half the potential total available cash after taking account of reasonably expected costs and liabilities".

So the implied 12.35p/share is simply based on an approximation by the BOD who are making some rather vague and quickly changing estimates on earnout.

What is it worth paying today for the risk of an approximate 12.35p return sometime mid 2025 - especially in the current risk averse environment.

Lets say earnout falls a bit below their estimates and they incur a bit more cost than estimate.... 12p estimate might only realise 10p.

I'd say 9p range is fair - its a level where buyers will hopefully get their money back, maybe make a nice return if the stars align and the estimates are beaten.

I was a long term holder, sitting on quite a loss, waiting for the cash payday as the best out come. Probably irrational to sell so late in the game, but greed is telling me there are safer returns elsewhere and fear is telling me the BOD have several months to p*ss all that cash up the wall. My fear is driven by the fact that the BOD haven't even provided any certainty on the amount and date for an initial distribution.

Untrustworthy indeed!

No hint or mention of this enormous 'transitional' cost when the deal was put to shareholders just a few weeks ago. (June2024 results had just $2m transitional cost for European disposal).

I would not be at all surprised if that $11m-13m cost estimate swells somewhat before distribution.

I find it concerning that they are now talking of a tender "up to" $20m and a date "in the new year". All sounding a bit vague! Especially given how their "up to" estimates on earn out have played it out in just a matter of weeks.

If there is cash sitting on the books, why not just commit to a conservative initial distribution? I fear final earnouts could be low end of the updated figures and transitional cost will balloon some more.

The RNS gives "rapid reduction of staff numbers" as a prime cost... some XLM employees must be on a cracking redundancy package!

I'm out.

As a long suffering holder over many years I couldn't agree more.

If the RNS is only days away and JV is as good as signed... why would bother tweeting rumours about it? To me that is just tempting fate and asking for Murphys law to strike.

Funnily enough about the same time last year we had "false dawn" spike with an announcement that was just around the corner.

I have faith that Roland will deliver..... I just don't subscribe to the imminent timelines, as it has been promised before!

Hitting the risers board today, after Dowgate increasing holding and small insider buy this week.

Sam, yes June. If your dividend payment went in to your HL account on 31st May like I expect, then it will re-invest mid-June.

The timing is swings and roundabouts. With HL holding your dividends as cash until middle of the following month it gives an opportunity to not re-invest. Even if your account is set to auto-re-invest, you have a window to manually transfer the dividend funds from the income wallet to the cash on account wallet and hence not re-investing.

From HL - "We will reinvest any income automatically for you between the 11th and 21st of the month when it reaches £10"

I'm with HL, my dividend shows up as in yesterday. My HL reinvestments all seem to happen 11th & 12th of month.

At this valuation TMIP just looks like a dividend machine...

Push for legalisation of casinos and sports betting in Texas hitting the headlines
https://www.bloomberg.com/news/articles/2023-02-16/texas-legal-gambling-push-lead-by-billionaire-miriam-adelson
https://www.chron.com/sports/article/sports-betting-texas-legalized-17769331.php

Gambling maybe a bit of a sin, but legalised and regulated it brings in plenty of tax dollars. I think this fear mongering about the potential of for federal regulation of advertising has been overdone.

Sports betting is growing in the US . There will be regulation and reform as the industry grows, but the authorities won't be wanting to give up those tax revenues. Advertising will be reformed, cleaned up, but not banned as per the hype. I think responsible operators in the industry have a world of opportunity ahead... hopefully to the benefit of XLM and its shareholders.

Article published on IC website today with a quite bullish outlook on Uranium prices.
YCA gets a mention so worth a read for holders here.
https://www.investorschronicle.co.uk/news/2023/02/16/outlook-for-nuclear-stocks-is-looking-brighter/
BofA predicting Uranium prices of $58/lb this year and $66/lb in to 2024

Tipped last night by Simon Thompson (IC) as part of his 2023 bargain shares portfolio.

ST produces such a volume of tips, I'm sure some are just picked by a pin in the financial pages.
However PTRO was initially an Alpha pick for premium subscribers back in Feb 2019 in the heady days of 80p
Then over the subsequent 4 years, a further 10 buy tips! Starting with "repeat buying opportunity" @ 78p. Tipped again and again and still a buy in Sept 22 @ 23p.
The Sell tip yesterday seems pointless, just closing the door after the horse has bolted!
He has not just tipped this one, but has really been beating the buying drum . Despite all those tips the market seems to have consistently taken an opposing view.
Without that IC tip support this train wreck would of gone off the rails much sooner and faster I feel.

Will be interesting what the BOD have to say at this afternoons presentation.
There is a lot of positive in the RNS with regards to what is in the pipeline, but ultimately how much of that is just spin to soften the report of a loss, negative earnings per share and no dividend for the period.
Will be listening in with interest at 3pm!

@battyk no, just a regular pi looking at possible opportunities for my meager ISA savings. Joining the discussion to share my opinion and compare with others.
Did you watch the presentation??? What were your thoughts??? - I'm interested in your interpretation of this webinar.

I think this afternoons IC article sums it up pretty concisely, worth a read. Speculative / high risk.

Green-ish-er energy being a hot sector, I joined the ITM webinar as a prospective investor - looking if the weak shareprice was an opportunity for a good entry point for a Hydrogen play.
Not a great first impression, what struck me was some of the language used. It gave me the feeling that this company is focused on building equipment and capacity, but not so interested in whether that delivers value to shareholders. I actually found the language quite dismissive towards shareholders.
"Nobody is interested in the shareprice.... well except the city" => and maybe your shareholders who are watching on?
"Investors put their money in to fund a 5GW Gigafactory" => erm.... maybe they are also hoping for a return at somepoint?
I got the messages that Hydrogen is an exciting marketplace, but I didn't hear a confident message on how ITM will convert that in to a good outcome for shareholders.
I can see why the price weakened on that presentation.

"The effect of the Capital Reduction is to create distributable reserves." - sounds good to me ;-)