Member Info for ma5k

If you look at a chart of the share price over a 2 year timescale you will see that it is a classic 'bubble'... if you think you lost money on BMN it is likely to be nothing compared to your loss here.
GL regardless

Bottom Feeder
If you look at a longer timescale chart (eg 5 years), the recent pattern is very clearly a 'bubble'... as such I'd expect any rise from here to be short lived with an overall sustained market correction (downtrend).
Sorry, but you did ask. Besides it's only TA!

HarChris >> "I picked five random companies to see if there was anything to learn from LSE Fundamentals' NAV per share figure."
________

It is sometimes an indication of just how overheated a share price might be.

While it is expected to factor some degree of growth into a healthy investment, it is commonplace with AIM companies for the SP to (at times) be many multiples of the current underlying value. Investors who in good faith pay such highly inflated prices for their shares might then wonder why they later find themselves underwater as the market cools off / corrects.

These boards are littered with experts who will try to persuade folk of the credibility of ever higher valuations.

LSE Fundamentals are arguably of limited value, but perhaps we ignore the bottom line at our peril?

imho, dyor etc etc

https://www.lse.co.uk/share-fundamentals.asp?shareprice=BMN&share=Bushveld-Minerals

Bottom line (31 Dec '20 results).

Last published NAV $0.13 = approx 9.4p
Current SP = 13p (38.3% premium to NAV)

Even after today's fall, SP is still at nearly 40% premium to NAV.

£38,551 - £82,366 is a very wide range & suggests they don't know their target candidates. There is also very little detail about the role further suggesting they don't know what they're doing or after.

They come across as highly unprofessional (which I suppose at least is accurate).

All very well complaining if people get the chance to acquire shares for 2p but haven't you been valuing them at half that (or less) when persuading others to sell to you?

Nevertheless, all just academic while the actual worth is precisely 0p

You really are a sucker for punishment Slugmum - even if you only pay 0.00000000000001p/share it's still all just money down the drain if this doesn't relist.
3 years
30 years
300 years
What chance?

"Goldbloc (now Tally) was always Ralph's baby, although he had only ever managed to amass a few hundred users before Lionsgold took over way back when. It seems likely (from the quality or lack thereof) that RH was hands on in the development of the simplistic app, taking it to the limit of his 'capabilities'. It is difficult to see what role he might now play and looks like he has made himself redundant, albeit with a very handsome reward (thanks to CP's shareholder funded buying spree). "

Daily Drivel, Feb 25th 2021

Can anyone think of a single example of a company that has successfully relisted after more than a year off market?

They must exist (I assume), but surely rare as hen's teeth.

What chance Tally after all this time?

https://www.bbc.co.uk/news/business-52350082

Think I'll go fill up the car once this filters through to petrol prices- I could do with some cash!!

Old news regarding a different company?...

https://beta.companieshouse.gov.uk/company/05124641/insolvency

FC - If shares were held directly in Tallymoney Ltd and it was bought out then the proceeds would go to shareholders in exchange for their shares (which would be surrendered as sold). As it stands the proceeds would go to Tally Ltd (the owner) and, as you point out, they would then be free to use the money to for example pay themselves high salaries if that is what they decided.

I know only what I know & genuinely believe it highly likely that more than one LTH will be feeling the pressure as expressed by Knuttie yesterday. It is no surprise if some folk wish to bank profits which are otherwise meaningless.

My understanding is that as Tallymoney Ltd is owned by Tally Ltd, rather than directly by shareholders, the proceeds of a sale would go directly into the parent company's coffers. If Tally were listed this would probably result in a rise to the share price but as they are not it would be of little if any benefit to current shareholders.

BobbyAxe >> "the simplest answer is often correct"

ShearClass >> "Completely disagree regarding talk of manipulation today, there is clearly a large holder selling out"

JD1972 >> "Based on the LSE fundamentals page, are currently worth about the total NAV of the company"

For what it's worth, the LSE fundamentals page actually states the last reported NAV (Net Asset Value) of the company as $0.09/share (approx 7p).

Where does the Railsbank investment doubling in value come from?

Apart from the Lionsgold related investments valuing Railsbank at £10m, has there been any other form of 'valuation' for the business?

I know folk here think very highly of Railsbank, and hopefully for good reason, but the sceptic in me is still struggling to find anything noteworthy they have achieved in real-world business. Not sure they are even in profit yet?

So who would pay £2.5m for our stake (or even the £1.27m originally paid)?

Just over a year ago the share price was at the height of a bubble. Clearly it would seem low now by comparison to that inflated peak but even at this level it is nevertheless a ten-fold increase in little more than 3 years.