Member Info for PeterS23

Great news. This will bring a huge amount of investor attention to LIT. GLA

Hi Snootysnipes - something really stinks here. The sale of the building division looks like Kinovo were trying to offload an unwanted worthless asset and spin it as a good deal to the market. Watch this space as I’m pretty sure it’ll now transpire that the buyers of the building company were never in a position to run this asset profitably and for Kinovo to realise any value at all from its sale. Complete lack of due diligence by Kinovo looks likely IMO. GLA

Great news, no doubt, but issuing an RNS based on an internal assessment does seem a bit rampy. Think EME may get their hands slapped for this. No doubt, however, that they will have modelled and assessed in the same way as an independent would, but nevertheless it’s still unusual to RNS this type of information. That’s my take, but happy to be corrected if other oilers have done this in the past? Anyone know of any? GLA

Bought some shares here yesterday. Long time holder in XTR. It would seem to me that there are a few amount of shares getting sold around the 0.20p ‘Ask’. Those who bought at the last 0.13p raise, then this represents a circa 50% profit, and such top slicing at this point would seem sensible to many of these earlier investors. Once it’s over, things such move up quickly here. IMO. GLA

Handsome - see link

https://www.bbc.co.uk/news/business-60374581

GLA

Many thanks Gallmat & Fishcakes for your clarifications. GLA

Thanks Fishcakes - do you know if it is the position that all legal case results, win or lose, have to be the subject of an RNS announcement? TIA, GLA

Aquasulis, fair comment, nevertheless it does seem strange that TW would say “…and probably, in fact I’m pretty certain, another deal too” unless he’d heard something to substantiate this? Maybe this “another deal” possibility is already in the public domain and I’ve overlooked it and then read too much into TW’s comments. GLA

Tom Winnifrith of Share-prophets has broadcast that these 125000 warrants today over at OPTI were his, and he goes on to say that he’s not selling any of them, given that OPTI was his 2022 share tip of the year.

TW also said he’d spoken to Steve O’Hara a couple of times since the New Year.

TW said “I think you going to see some pretty dramatic news coming out of Skinbiotheraputics in the next month about the revenues it is generating from its own psoriasis product and Croda, and probably, in fact I’m pretty certain, another deal too which will see SKIN shares rise to the point where the SKIN shares held by OPTI underpin by a very very good portion of the share price of OPTI”.

Got to say TW seemed very confident in stating all this. Seems possible therefore that TW was making this statement based upon the conversations with Steve Ohara. Is Steve still in touch with SKIN? if he is, then TW maybe picking up on some good vibes that S O is giving off? All if and maybes, but interesting. GLA

TW also said “I think you going to see some pretty dramatic news coming out of Skinbiotheraputics in the next month about the revenues it is generating from its own psoriasis product and Croda, and probably, in fact I’m pretty certain, another deal too which will see SKIN shares rise to the point where the SKIN shares held by OPTI underpin by a very very good portion of the share price of OPTI”. Got to say TW seemed very confident in stating all this. Seems possible therefore that TW was making this statement based upon the conversations with Steve Ohara. Is Steve still in touch with SKIN? if he is, then TW maybe picking up on some good vibes that S O is giving off? All if and maybes, but interesting. GLA

TW also said he’d spoken to Steve O’Hara a couple of times since Xmas. GLA

Tom Winnifrith of Share-prophets has broadcast that these 125000 warrants were his, and he goes on to say that he’s not selling any of them, given that OPTI was his 2022 share tip of the year. GLA

Extrader, I for one appreciate yours (or any other posters) legitimate or constructive ‘negative’ comments. If everyone adopted Confoundeds’ policy of not posting anything negative then I think the the general quality of the board would suffer. Not being critical of Confounded as that’s his personal choice and should be respected too. GLA

Zero chance I’d say of seeing the final £1 million (2 x £500k) given it’s dependant on the disposed Company achieving £3 million net profit for each year in 2023 and 2024. Also the other £4 million is dependent on the performance of existing contracts and the cash collection performance from these. Pretty vague on details but the £4 million will be an absolute best case scenario and this could be discounted by a large chunk. There seems to be a danger that the new owners have no incentive to keep costs down and maximise cash collection on the inherited existing contracts, given that any underperformance of these two metrics will merely reduce the amount paid to Kinovo. i.e it is Kinovo who will pay for any inefficient performance and poor cash collection that occurs under the new owners. Having worked in the construction industry for over 30 years I know that it is very common for deals to be done on current contracts whereby the sub contractor will accept a reduced final settlement payment on an existing contract in order to secure the next contract(s). It therefore offers a perverse incentive as it is Kinovo who will be paying for the reduction on the current contracts but the new owners gaining all the future benefit. This offers the new owners an incentive to do such deals.

So it is. Thanks Doc83. Just off to Specsavers…

Having read the Finncap broker note of 6/1/22 I can only see that £25 a share being flagged up as a potential value, not £75 detailed on this thread. Where has the £75 come from? TIA.GLA

Does anyone here know the amount of damages being claimed in this legal matter? TIA. GLA

Goods news on the face of it but I suspect this may be a phrrhic victory financially given the comments made in the RNS on RRR’s likelihood of actually collecting the debt. Does anyone have any knowledge of VUP and their financial standing? (ability to pay). GLA

Recent sell off now nearly reversed. Think this is now set to climb again quite quickly back to high of 130p and then beyond once the market fully works out that lumpy profits are still profits and over a 3/4/5 year period it’s the total returns made to shareholders that matter, rather than a less lumpy even annual amount. Given the potential here, this board is presently very quiet but I’m expecting that to change in the coming year also given how safe an investment LIT represents. Profitable, cash rich, near guaranteed annual sales pipeline etc. GLA

Well done to everyone invested here. All good things come to those who wait. Special thanks to Trek who, unknowingly until now, lead me to this and especially his post of 1/6/21 which flagged up that Malcy said this had the potential to be a 10 bagger. That convinced me this was worth a pop, and Zengas’s multiple comments and research aided greatly as well. I used up a lifetimes luck and invested the next day just 28 minutes before the 1pm suspension! I’m holding here when it re-lists as this must not only be my lucky share but moreover if SAVE had had the potential to be a 10 bagger BEFORE these acquisitions, then where does that leave us now? GLA