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for the most part retail 30% but remember most of them are in very sticky hands i worked out on at least 3 occasion there were no shares available at all in the last year, then mid September the MMs shorted rather than let it go using around 500k shares then kept us there to bore us out of are investment till they covered there short criminal but we had the chance to burn them I suggest this time we do? they will do it again imho
yes woody well done now get out anything Nigerian or controlled by NNPC is quick sand for LSE and as bent as a banana lol still l had some in the bottom draw at 7p and got in with a good buy this morning and got out at 8p put the profit in here and within a short time caused an avalanche of buys so all good. lets hope this next update is as good as i expect it certainly got some sharp pi's looking for a bargain and fair play to them. let see this re-rate back to a descent price , take a look at orcp this is worth looking at LTH
Wong. Did you see the Rns regarding our Nigerian oil company ???
Off topic. Thanks guys.
Most part of December not September. Sorry
Good to see the trades. She was dead as a door nail in the most part of September.
Nearly £29k worth of buy's after 4pm.
Daytrade. The Bod holding a lot of stock is one of the reasons I like this company a lot. This is Bobby Kalers baby. My target for this year is £2.75 . I believe this a realistic target based upon the company still holding customers on lower tariffs. However long term we could go back to the original sp of £12. Whatever happens the board is kicking arse, I believe us shareholders will enjoy the reflection in sp as a result.
Into close.
Gap filled
As of 29 October 2019
Bobby Kalar (CEO) 8,652,649 53.15%
Jonathan Turner 872,043 5.36%
Jamieson Principal Pension Fund 830,000 5.10%
Gary Pickering (COO) 500,000 3.07%
Nick Parker 500,000 3.07%
Ralph Cohen (Non-exec Chairman) 54,054 0.33%
Paul Rawson (CFO) 33,503 0.21%
John Glasgow (Non-exec Director) 10,000 0.06%
=70.35%
I'm not entirely sure on the numbers but I seem to remember seeing some calculations last year that came to around 20% shares available to retail investors. The other 80% are held by either the directors and institutional investors.
Not a lot of shares available (As i found in December when trying to top up and on a number of occasions couldn't pick up shares at any volume or price)
Number of shares in issue:
As at 29 October 2019 the Company has 16,281,055 ordinary shares in issue with nominal value of £0.005 each. All of the shares are fully-paid. No shares are held as treasury shares. There are no restrictions on the transfer of the Company’s shares.
Percentage of shares not in public hands (as defined in the AIM rules):
So far as the Company is aware, as at 29 October 2019, 56.82% of the Company’s ordinary shares, were not in public hands.
DYOR
Morning all
Well - its post Christmas, and heading to the blue season (Winter blue's), so its a time when people sell some shares to cover the maxed out credit cards.
But its ALSO heading to the YU BLUE season of January, where I believe that I will be vindicated into my decision earlier this year when I went all in at circa £2.50
So .. EITHER 2020 will be the year that I recover (substantial) losses over the last three years by backing 'YU', or I get wiped out and can walk away from AIM and shares .
So either way I am guaranteed to be a winner in 2020 - I either break the expensive habit of AIM or I recover my losses)
But good luck to all as we enter a new decade - and wish all fellow YU punters health and happiness in 2020.
GLTA
Hello all. I have been following this stock for a little bit now. The RNS of making the supplier permanent is excellent news, anybody can understand that. But over the past few days, the sp has been falling.
Is this the result of MM's? Or am I missing something else here?
Any ideas much appreciated!
Ontheup. You assume the sales staff are being paid £25000 per year. I was thinking of applying for a job.
Enough said.
Ontheup. I read your posts from past year. You are well versed. You were knocking this stock down when it was 60p. I conclude that you are using your knowledge of the energy market to make good reason of lower value. I am pretty certain you are shorting and not doing a particularly good job of it.
On a brighter note, I do take your knowledge of the energy market in good stead and appreciate your input.
Atb
Woodie Woodstock
Yu have just been hit with an additional cost of almost £0.4M based on their share of the costs of suppliers going bust over the last 12 months. Further increasing losses.
https://utilityweek.co.uk/ofgem-confirms-mutualisation-will-triggered/
Onetheup, not one positive comment but all negatives on yu.
There is always one on every board lol
The majority of cash in the bank does not belong to Yu as of todays date. Yu is currently holding my guess £6M of RO payments and another million of feed in tariff/capacity charge payments. This belongs to Ofgem and other industry bodies. Please stop citing cash in the bank as a reason the share price and market cap should be higher. there is a failure on this board to understand how energy suppliers collect cash from end users and pay this to the industry bodies. We have not seen any financial report to show Yu is moving forwards. I expect further losses, both in customer numbers and profitability. In todays day and age hiring an expensive direct sales force is a terrible idea to acquire new customers. Would you switch supplier off a cold call?
I think everyone’s missing the point from the RNS the other day! Do you think we would of been given a 13million pound credit facility if there wasn’t any evidence of profit in the near future?
The total £10m hit from last year's accounting issue took the company from being "profitable" to not. That said, the mcap today I feel is too low just considering cash in bank and now this new hedging facility alone. Either way, new investors are more likely to come in with each step forward like this week's RNS and the update due in January for FY 2019
It’s not but going in the right direction.
Once this goes back to generating profits 10 can be achieved once again....
Lets get this straight. The company is worth significantly more than the current SP.
The current SP just about covers the cash position and assets without accounting for the organisations potential (unlike many AIM listed entities priced solely on potential)
There are a number of significant holders stuck above £10 who hold north of 20% of the shares. A further 50% are owned by the Bobby Kalar. All of the institutions and BK will want to see the days of £10 again and will fight tooth and nail to get their.
Yes there was an accounting error (Deemed to be an error by the FCA). This is now long behind us and the SP is recovering thanks to the business growing, becoming more efficient and more profitable (we will find out to what extend in January).
IMHO the SP should at this stage be at least £5, however, the accounting error has understandably unnerved some long terms buyers which is why its taking its time to climb. When profitability is declared in January we may see a fight for shares and a significant rise of multiple hundreds of % thanks to low share availability.
"Why can’t more people see the opportunity here when this was profitable it was £10" - it wasn't profitable though was it? That's the problem! Anybody can say they are making a profit if their numbers are completely wrong. I think its a good opportunity here but I think its fairly obvious that the SP isn't going to be £10 because it ISNT profitable.