|Charles Street Capital
||EPS - Basic
||Market Cap (m)
Real-Time news about Charles Street (London Stock Exchange): 0 recent articles
|negotiated_raid: Yes, that's always a possibility in this type of situation. I wonder if the low re-list price of 1p is pure engineering in order to create a buzz with a rapidly increasing share price. It could also allow quite a smooth consolidation between CHC and (will be)CNT holders. Could this do 400% or so quite rapidly? Who knows...|
|pwhite73: scyther 22 Jul'12 - 02:29 - 3679 of 3682
"So your saying that for every £1000 invested per suspension will be worth at most £100 post suspension. That's not only a consolidation of 20-1 but a devaluation of 10-1 as well."
That's correct. That is what the convertible loan note has effectively done to the shareprice. I also suspect the £100K convertible loan note is owned by someone close to the company. If there is any premium in the share price it would have to come from the value the market puts on the project. Our copper project is in Austria which is deemed politically safe and readily accessible.
What is really sad about this whole fiasco is that CHC was not suspended in Dec 2010 for the usual reasons like the need to clarify its financial position, late reporting of results or even the need to re-state the accounts after hidden losses had been discovered.
CHC was suspended because it had initiated the process of returning shareholder value by investing in an Irish copper mine. From there things have just gone from bad to worse with no end of this trajedy in sight. The company just cannot seem to bring itself to tell everybody they've lost their money (there may be legal reasons why). Instead we have been strung along from one failed project to the next. When they consolidated the shareprice and changed the name in November 2011 I honestly thought we were on the way back. Nine months on there is still no sign of a re-listing.
If Life of Riley on another BB is to be believed the problem appears to be compliance issues with the LSE. Considering what they have done to their shareholders and given the recent financial scandals (LIBOR, etc) its hardly surprising the LSE has taken issue with a company coming back devalued by 90% for no apparent reason other than to line the pockets of those providing source money who are probably the same people who stripped the company of its cash in the first place.|
|pwhite73: An earlier post taken from another website said the delays were due to compliance issues. Although they fully deserve it I do hope the LSE don't prevent them from coming back or I won't see my money.
£100,000 convertible loan note has an exercise price of 0.67p yet the share price after the 20-1 consolidation is about 7p. Even before relisting they've wiped 90% off shareholder value and at the time of suspension the share price was already in the doghouse.|
|induna123: ALO has been taking a hit recently. Now down to 1.5p. Is their investment here dragging their share price down?|
|vauch: Another question when SWC turned in to CHC they did not send new certs for the SWC holdings to be converted Do the SWC certs still count as part of CHC share stock.|
|vauch: When Tomco did a placing it was at 1p the share price was suspended at .3p|
|fludde: Last time they delisted in 2005 they did not relist until 2008. And then, as now, there was no requirement to talk to the people whose money they had taken.
Share price then of course had been mid twenties at suspension and you can see where that went to after relisting...|
|englishbeakfast: 11gp - so if there is a link up with VIR where do you see CHC share price- my mind isn't clear on what is what here or what might/maybe etc. !|
|craftyspeculator: Post announcement share price will be 1p-1.35p
A project with gold potential (inferred) for 500,000 oz @ $20/oz in the ground value (conservative going rate), would be valued at US$10mn, which at 1.58 US$/£STG would be £6.3mn today.
More than one asset and the value should reflect each one accordingly.
Market cap. today is £1.34mn, at 0.28p
One half decent asset and the market cap is > £5mn
So share price post deal could be 1p-1.35p
If the Gold price keeps climbing then the $20 an oz assumption goes out the window, so share price goes well North of 1.5p|
|daniel81: if a joint venture what does this do to chc share price ? thks.|
Charles Street share price data is direct from the London Stock Exchange