Member Info for Pedrobull

Someone sold 500,000 shares yesterday at 2.5p for £12.5K

Even if this does jump use it as an opportunity to get out, very few shares that fall this much recovers IMHO

Feel sorry for the employees

GLA

11/09/24 "Outlook - In my Chairman's Statement in the Annual Report for the year ended 31 December 2023 I set out the Board's thinking on the optimum way of returning cash to shareholders and mentioned that one of the options open to us was to place the Company into a members' voluntary liquidation. With the sale of EV, which is likely to complete by the end of the year, we will only be left with four underlying investments, none of which is likely to be realised in the immediate future. We have therefore decided, after consulting our advisers, that we should proceed with a members' voluntary liquidation. We intend to send to shareholders proposals for such a liquidation following completion of the EV realisation."

Guess we have to wait until we see the proposal to see what happens to the assets that cannot be realised. Hopefully they can be sold at close to NAV onto another fund.

Maybe but someone (not me) just bought 10,000,000 shares for £4,500

That was dated May 31, 2024 and price has declined further since then

GLA

Dunedin Enterprise Investment Trust PLC is pleased to announce that an interim dividend for the year ended 31 December 2024 of 23p per share is to be paid on 4 October 2024.

The interim dividend will be paid to shareholders on the register at 6 September 2024. The ex-dividend date is 5 September 2024.

Thanks fiat, I did not know that, lets see if they pay up or even show up!

I note a few minutes after this RNS a relatively large purchase of 1.5M shares went thru at 1.15 = £17.25k

GLA

Has it been announced when shareholders get the cash?

How do you take a Chinese company to court?

Kazera Global plc, the AIM-quoted investment company, announces that it has instructed legal counsel to commence proceedings to enforce the terms of the agreement concerning the sale of its 100% interest in African Tantalum (Proprietary) Limited ("Aftan") to Hebei Xinjian Construction ("Xinjian"), as announced in an RNS on 20 December 2022 (the "Sale Agreement").

Under the terms of the Sale Agreement, Xinjian was legally obligated to pay Kazera cash consideration of US$13.0 million for the purchase of all shares and associated loans in Aftan. Kazera retained the right to receive a debenture payment equivalent to 2.5% of gross sales of produced Lithium & Tantalum for the life of the mine and retained 100% ownership of the shares in Aftan until full payment for both the loan and the share sale was received. Payment in full was due to have been made by the end of 2023.

Despite multiple demands and various undertakings from Xinjian, the outstanding payments remain unsettled, resulting in a breach of the Sale Agreement. Xinjian currently owes the Company approximately US$9.5 million comprising the unpaid capital, outstanding shareholders' loans, and accrued interest. Kazera has now set a final deadline of 23 September 2024 for Xinjian to settle this debt in full.

This looks a good buy and hold investment at these levels

GLA

Yes, on the basis the trust is looking to reduce discount to NAV and hasn't why not

That looks to be working

That's a gamble.

Just because it has fallen 46% in 1 year (93% 5 years) doesn't mean it's low enough and cannot fall another 46% in the next year!

The new CFO chucking it after 3 months says a lot, breakeven getting kicked down the road and staff getting paid off.

Crossword Cybersecurity plc has announced the resignation, with immediate effect, of Rose Clark as Chief Financial Officer. As announced on 16 April 2024, Rose was appointed as CFO with a view to joining the main board in due course and her initial remit was to help carry out a number of major projects. Having completed these projects, Rose has decided to resign her position. A search is underway for a replacement and an announcement regarding that appointment will be made in due course.

As part of its continuing drive towards breakeven the Company has recently implemented a cost reduction programme. This has involved both staff and other overhead cuts, taking over £1.2m out of the Company's cost base on an annualised basis.

Stuart Jubb, CEO, commented: "Rose departs with our thanks for the role that she has played as our CFO over the past few months on several important projects. She has provided great support and advice and I would like to thank her on behalf of the board for her help in setting us up for the next stage. We are continuing to focus on achieving EBITDA and cash breakeven in H2 2024 and have taken decisive action to reduce the cost base to a more sustainable level. We will focus on higher margin business going forward and will continue to monitor our portfolio of businesses to ensure that they meet that criterion."

I think what BillB means is why would directors purchase in the market if they were about to launch a placing as they could take part in that.

GLA

Yes posters looking for an echo chamber usually start an invite only Telegram chat.

I said at 2.5p get out now and was ridiculed, I would say the same again, use any pop in this stock to get out.

Read the last set of accounts, how many employees are there, what are the wages etc

Gold is booming and I am in here at 37p having cash raised from the TRR takeover by Deterra that I cant invest in.

GLA

Coming into cash realised from the Deterra acquistion or Trident where to invest.

Looking at mining and royalty opportunities I have a reasonable investment in Ecora already.

Blackrock World Mining Trust might be home or maybe more into Ecora, down 55% including income over the last 5 years though!

So where to re-invest in a similar business?

HL do not trade Deterra, but I am going to ask them to consider.

Ecora are poor over the last 5 years delivering MINUS 55% including income!

Blackrock World Mining Trust + 107%

Trident + 217%

GLA

LondonMetric Property Plc ("LondonMetric" or "Company") today declares an 18.8% increase in its first quarterly interim dividend for FY 2024/25 to 2.85 pence per Ordinary Share ("Dividend").

Https://www.rcrwireless.com/20240809/test-and-measurement/spirent-customers-wait-and-see-amid-acquisition-by-keysight

"Spirent said that it is working with Keysight on regulatory compliance in regard to the acquisition, with the transaction expected to close sometime between November 2024 and April 2025."

Driftking those numbers included income over 5yrs

Portfolio analysis tool on HL produced them