Member Info for skippy999

Very low volumes, so people are not selling up and running for the Brexit shelters! This is a great company, and will show good results in the future. Possibly, a very good thing to have Lagans operating in a buoyant market place, and also earning in euros. GLA

I was in at 52p, and after the news have doubled my holding this morning. Think this will run, given time, and more good news. GLA

19m shares bought today, or 14% of the issued share capital! Wow, someone is keen, or planning a take-over! Could get exciting here. GLA

lol. Over 40p...over and out!

New MD, new broom...hope he's superman and can fly this earth-bound company out of the hole they are in! See Mr Ellis et al are holding onto their shares! GLA

New MD, new broom...hope he's superman and can fly this earth-bound company out of the hole they are in! See Mr Ellis et al are holding onto their shares! GLA

I think we all have a right to state facts - call that "moaning" if you want. I am not doing so.
The management have been very poor to keep us informed as to what is happening with the Tanz parcel. The recent sell off, does not help cash flow as the terms are payment over 25 months. Yes, it does stop further cap ex. for that mine. Please do not lecture me on "straight line" trends - just have a look at the graph of PDL share price, and you can judge yourself if the peaks and troughs are, or are not, highly correlated to a LH downward line! Risk is risk, but lack of information from management adds to the risk, and there is no need for the "secrecy". If the parcel is gone, bagged, knicked, or stolen the put your hands up, admit it, and write it off!

Hey hey....down we go as approach noon! I am losing all confidence in this business, but am in too deep to bale out. Bandit1 sums up a lot of the frustration re management and Tanz parcel...Numis comments that the business is in "transition". Hope they are right, as it has looked more like "free-fall" over the past year! GLA

Well, so they have sold circa 75% in the JV for $30m but payable over 24 installments - not going to help the ST cash flow a lot, but will free up management time, quote. Not sure if this is a sign of strength or weakness of a company in trouble. Views welcome.
Furthermore, has anyone got any idea of the level of total investment in this mine versus the net return to date, as 30m seems relatively cheap. GLA

The CV's of the new directors are not only impressive, but hugely relevant to the prospects of this business. Focus on funding, commercialisation, and sales in China are highlighted by these appointments. IMO, it is "Well done!" to them, and for the side-lining of the medical ex-d's. Bit surprised that the share price did not rise on this news, but, hey, that's small caps for you! GLA.

Back up nicely now! GLA

Bet he wishes he hadn't bought given the fall since then! This is a slow burn, but sadly, slow decline also ATM!

acquisition?

PS Arm and a leg up! Excellent.

Cheers B'kid - read your posts with interest. Basically 62p is the "diluted" after rights price that equates to pre rights price of 76p. I will be using this as my benchmark over the next few weeks. Pain to have to cough up so much cash, but there is a good amount of logic in the issue, although it may take a long time to show results. My guess is that the price will hover around 62p until the issue is accepted, and then made - assume by the end of June. GLA

Quite day, and expect a leg up in SP here - 120p. Views?

Perhaps I am reading this incorrectly, but the new issue is at a 40% discount, and a 5 for 8 issue. The RNS does the maths for us as follows: The Issue Price of 40.0 pence per Rights Issue Share represents a 47.4% discount to the Closing Price of 76.0 pence on 23 May 2018 (being the last Business Day prior to the announcement of the launch of the Rights Issue) and a 35.6% discount to the TERP of 62.15 pence per Existing Share calculated by reference to the Closing Price on 23 May 2018. So ranking everything equally, and assuming I pay for and take up the rights, a price of 62.15p leaves me exactly where I was, at cost per share, as 76p yesterday. The SP, as I write is above that, so better than yesterdays 76p. Am I missing the point? I will take up the rights, and hold on for the ride! GLA

From what they have achieved, my view is that, limited, and small progress has been made - certainly not earth shattering acquisitions that change valuation of the business by a large multiple. However, from a macro perspective, the sp is far too low given these acquisitions, the streamlining and efficiencies in the core business, and the general overall favourable trading climate in the Channel Islands. Hopefully, the results will bear this out and a reasonable sustained rise in sp will result. GLA

Seems overdone if it is based on the results published. Suspect there is a seller upsetting the price.

At least there is now a definite date! GLA