Member Info for RKBeekeeper

No longer on watch list

I had Hammerson on my watch list since probably late summer or early autumn last year.

Now it is one of my holdings, bought yesterday and one or two trusted friends also bought-in after I had informed them, I had purchased a few. Obviously, they would have performed their own due diligence and made their own informed decision about pressing the buy button.

Attractions for me are the dividend but technically the enhanced script alternative dividend.

A 0.2p dividend is not something that I would be looking for in my top 350 shares. (I know we are top 250) My goal is to have solid secure dividend payers that I can rely on.

With the enhanced script alternative dividend of 2p and not 0.2p that is 10 times. I number crunch all the time and going on a notional dividend of 2p and a share price of 35p that is a yield of about 5.71%. The yield can go up or down if the share-price fluctuates and next week they will be taking an average over the five days to calculate the script reference price.

Let us say they calculate 36p then if you have say 18,000 shares then it is 18:1 so you would be issued with 1,000 additional shares. This would be worth £360 but if you took the actual cash then for your 18,000 shares you would receive £36 and ignoring dealing charges you would receive 100 shares if you bought in the market.

If the share price increases, then you will receive less shares, but your shares will be worth more (the converse is true)

RKB

PS Morgan Stanley go from under 3% to 10.68% in the past three weeks and just one day before our Annual Results. That is about £141 million they have invested. Following the money is the real Story.

Good morning Testing321

I have not sold out.

I only have two AIM shares now obviously PRIM and my Italian company. I have pivoted to top 350 and dividend payers.

I will divest the Italian company (eventually) but not PRIM.

With the change of BoD late last year (which I played a small part in) I believe PRIM is not your normal AIM Company.

Our website has all our investments listed in a similar format to what I had shared with the incoming Board before they joined. You have full transparency on what we own, what we paid (and when) and links to the investee company’s websites. We also have some investments that the previous BoD failed to disclose! I did take the previous BoD to task on one particular investment as I think there was some jiggery pokery there, I do not sit back and accept what I am told.

I converse with Rupert when I believe it is appropriate and he knows I describe myself as an activist investor. Fortunately, with Primorus I do not need to put pressure on the BoD and I had a nice chat with Rupert last Friday.

I was optimistic that I would have some funds freed-up from my Italian Company yesterday but due to deceit, deception and the withholding of RNS information the share price retreated temporarily. I was not concerned as the previous week I had top-sliced and my profit to date at that stage was just under £70K with a fair number of shares still held at less than 0.5p. Unfortunately (it appears I use this word a lot but that is the way it is on AIM with the Italian Company) the trolls took over the asylum recently and for the present they are running about talking to themselves not realising the MM are pulling their straightjackets regularly and occasionally loosening the strings.

RKB

https://primorusinvestments.com/our-investments/

PS In have re-posted this because although I posted this morning I do not know if there is a glitch with LSE South East displaying posts or if they have put an Italian Contract out on me and want me to remain silent and the only way I can find out is post and see if I am banned.

Good morning Testing321

I have not sold out.

I only have two AIM shares now obviously PRIM and my Italian company. I have pivoted to top 350 and dividend payers.

I will divest the Italian company (eventually) but not PRIM.

With the change of BoD late last year (which I played a small part in) I believe PRIM is not your normal AIM Company.

Our website has all our investments listed in a similar format to what I had shared with the incoming Board before they joined. You have full transparency on what we own, what we paid (and when) and links to the investee company’s websites. We also have some investments that the previous BoD failed to disclose! I did take the previous BoD to task on one particular investment as I think there was some jiggery pokery there, I do not sit back and accept what I am told.

I converse with Rupert when I believe it is appropriate and he knows I describe myself as an activist investor. Fortunately, with Primorus I do not need to put pressure on the BoD and I had a nice chat with Rupert last Friday.

I was optimistic that I would have some funds freed-up from my Italian Company yesterday but due to deceit, deception and the withholding of RNS information the share price retreated temporarily. I was not concerned as the previous week I had top-sliced and my profit to date at that stage was just under £70K with a fair number of shares still held at less than 0.5p. Unfortunately (it appears I use this word a lot but that is the way it is on AIM with the Italian Company) the trolls took over the asylum recently and for the present they are running about talking to themselves not realising the MM are pulling their straightjackets regularly and occasionally loosening the strings.

RKB

https://primorusinvestments.com/our-investments/

Easter brought forward

There is understandably a lot of disappointment with the Venice High Court delay, but it is just that, a delay.

There are many day-traders who have put in £10k’s some probably many multiples of £10K and they will not be pleased with this delay. Their agenda is to trade and try to have as big a slice of the cake and then look for the next bakery.

I think they will want to bring forward Easter and crucify me, but as they look in the Covid-19 closed shop window and see their reflection, it was their decision to press the buy button.

I will remain invested, I must admit I did not anticipate this move by Francesco, but each of his moves warrants a counter move.

I will refrain from posting until after Francesco issues the Court’s determination. I am still conversing with old friends and new friends but not on your B.B.

At the end of my previous post, it was too large to fit in so I will append it again.

RKB

PS Steadydanny is precisely because of people (too kind a word) like you that I will desist shortly from Posting.

A Clear Signal From FG

When I posted on Tuesday evening, I thought that would be me almost finished posting on our B.B. because I was hoping we would have had the RNS from the Venice High Court at some point yesterday and with a fair wind our share price would have been higher than where we are at present.

If our share price had been higher like “only” 4p then as we are informed of the decision of the Judge, everyone would have information that would then form part of their decision if they should stick or fold. I would have no reason to continue posting as Clear Leisure would be metamorphing into something other than a litigation company. Therefore, almost anyone who had bought our shares over that past seven years would be in profit, if they are in profit and the share price were to increase further (nobody knows the new peak until it has retreated) then if at some point in the future they show a loss, even a small loss there should be no reason to portion any blame on any poster if that were to be the case. They probably would have been able to have had their cake but because of their own decisions it would be their decision and no one else if they decided to not take a piece of the cake.

I have posted in the past about the way Francesco has structured the Zero-Coupon Bonds (that is their correct title) Taking the mid-point of the average share-price over the previous 10 days and then converting that by between 125% and 500% a notice can be issued to Bond Holders. Currently we have €4.8 million of these Bonds (see RNS 1st October 2018) This equates today to £4.1 million of Bonds.

I believe it is easier to convert the Bonds if we use shares per £1 million of Bonds. In December 2018 when €2.1 million of Bonds were converted at 4.234 euro cents Francesco issued 50,992,882 shares. Using today’s conversion that would be £1.8 million. Currently our average 10-day share-price is 2.85p and using the 500% conversion we have 14.25p. The maximum that the Bonds can be converted at is 15p because of the many changes that were made to the Bonds in 2018.

If only £1 million of Bonds were to be converted at 14.25p then 7,017,544 shares would have to be issued. When you look at John Story, he received 100 million shares for his £1 million.

If all Bonds were to be converted, then 28,771,930 shares would have to be issued.

When you are informed that a Bond Notice Conversion has been issued then you will know that is a Clear Signal from Francesco that things are only going to get better.

RKB

https://www.youtube.com/watch?v=UwWfE4DAyao

PS Steadydanny I have noted your name, I do know if you are anorexic or obese but I have written down your name so I can put it on a cake, but will I send you the cake? That depends. If you are anorexic it may be something you do not desire and if you are obese then you probably are that way by not taking correct portions. It is precisely because of people (too kind a word) like you that I will

Screenshots

I am trying to stay away from our B.B. but I thought I would share this.

I have sent screenshots to a new friend, of my trades on the day of 22nd February and the next day that I sold being last Friday. As all sales are in chronological order with another file this. If any of my limit orders are triggered, then I will take a further screenshot which will be proof that if there have been large sells (or large buys) then it was not me.

I remain optimistic that we will have a favourable result from the Venice High Court which was a closed session, and it closed some time ago. I am not aware of what happened, and I will only know when an RNS is issued.

I have been drinking lots of coffee today and refreshing my RNS feed but unfortunately the RNS feed is not forthcoming (at present) unlike my trips to the little boy’s room.

RKB

Capital Gains Question

I have taken legal advice before I post what I am about to reveal. Well, I did say I paid for her 7 years at University, so it does come in handy at times.

A friend who does not post on our B.B. gave me the answer in a DM on Twitter and I have to say he is smarter that everyone on this B.B. because he worked it out. It also transpires he had worked this out a while ago but did not ask me directly. He had three questions for me one day and actually only asked me two (even I had missed this) He is a true gentleman and all credit to him for helping you all out because you all now have more “free information”

Hypothetically if a shareholder had been or is able to sell one batch of shares in one transaction at a hypothetical price of 9p and they received gross proceeds of £1,999,999.97 and their purchase cost was £80,000 then their Capital Gain liable to tax would be £1,119,999.97 and if they were a higher rate taxpayer then Capital Gains Tax is 20% so they would have to pay £223,999.99.

To pay this amount of Capital Gains Tax you would have to sell 13,333,333 shares. I did say if you were outside the cake shop the cake could be presented with a slice removed that you would not know about.

Did you not think 113,333,333 shares was a totally random number?

Does this help explain things?

Can I go and get some sleep?

RKB

This song is dedicated to all the Long-Term Shareholders who stayed the course to all the guys and girls who put-up with my posts and cryptic messages. It has been my pleasure and hopefully we all get the result we have been looking for. I would have really liked Max to have completed the journey with us and I wish him well.

https://www.youtube.com/watch?v=HWMJZ5a5e_8

Capital Gains Question

Answer has been provided that is correct. I will compile a post to show the answer and then I will have an early night. I expect to be sleeping very quickly.

The 3p sellers are advised not to read the answer as they may get no sleep tonight.

RKB

How about the tables are turned?

RKB

Maybe.

RKB

Close extremely close. Number incorrect and name wrong.

RKB

Wrong, very close but I like the 333.

RKB

Wrong

RKB

I think I said not in SIPP, ISA or a tax rapper,

If there were sells at 3p near the close then obviously they don’t read our B.B.

RKB

Almost correct but not.

You are though very very close.

On my trip I missed my exit as I was on the hands free phone and had to go a few miles further. Then the massive roundabout was not the one I thought I should have been on so I had to circle it twice before I realised where I was. Just like when you sharpen your pencil the 9p will appear.

RKB

No not 24,888,878

RKB

PS I am about to drive not home till about 7pm.

PPS I liked all the 8's but not 8's

No I sell and just pay immediately.
RKB

PS I have not filtered anyone today, not looking for sympathy but when I moved him to the naughty step I was tired and in hindsight I should have just ignored the post. Hopefully someone works this out as at the time on my clock you only have 45 mins and I am driving at 4pm.

Can the poster who called me about an hour ago call me if anyone puts the number of shares up that I would have to sell in the calculation below?

LtdAxis

I sent someone to the naughty step earlier and as I have filtered someone and honestly do not know what they said I thought I would direct this to you for one final ice-cream.

All figures are accurate and not rounded up or down.

I have already (just today) taken my final Sipp withdrawal from my Sipp (for the current tax year) and a gross withdrawal of £8,000 became taxable for £6,000 as £2,000 is the 25% tax free part and I am receiving in my hand £6,907.73. From that information, you may be able to calculate that I am a basic rate taxpayer, but if I had taken even just £400 more then I would fall into the higher tax bracket.

Can you (or anyone) calculate from my capital gains tax bill if I carry out the following transaction, how many shares I would have to sell? Let us assume the shares are not in a Sipp or a Isa or tax wrapper.

Additional information, I have utilised all this year’s capital allowances. For buying and selling purposes there are no deductions.

If I sell a batch (just a batch) all in one go at 9p and I bought this batch all at the same price (less than 9p) and I must pay HMR&C Capital Gains Tax of exactly £223,999.99 then how many shares would I have to sell.

It really is an easy calculation if you have been paying full attention.

RKB

PS The tax losses are in the Annual Accounts under retained losses I believe.

IphoneiTrade

I cannot win. If I say I am holding all then I cease Posting the Trolls will say what they say. You are a Trader with a Big T. Level 2 is where you garner your information I do not as I have stated often enough. I have only ever had one ID even when I was on the other website and it is the same on twitter, how many ID’s have you had and currently have?

To put you in your corner as that is where you are heading, I am only top slicing a tiny tiny *ing portion. I will achieve the highest price whatever that me be. You will receive the price you get because you have no *alls.

Do you want me to say after any RNS that I have sold out and sold xyz and then the herd retreat for the door? The herd do not understand Clear Leisure, I do. You understand how to take some crumbs off the table and frankly that is all you deserve.

You have a choice, corner or naughty step.

RKB

PS “That was never positive for me” so what do want, us all to sit back while you go to the toilet? You are now becoming irritating. Look in the mirror and take a long hard look at yourself and ask yourself why you are the way you are. Your choice, I think naughty step. What to others think?

Tom and Specaveerrs

Well Tom obviously with his impaired vision did not see this morning RNS coming, could he?

If Tom had even the slightest inkling as to what our company is all about then he would never have written the tripe that he has.

Our excellent BoD have a financial instrument in place that I can say categorically we will be the next FeverTree.
I still control over 250,000 all with an average of 25p so you could say I am chilled.

RKB

PS When ever I see a silly ill informed tweet from T W I poke him with his white stick.