||EPS - Basic
||Market Cap (m)
Real-Time news about Leo Ins (London Stock Exchange): 0 recent articles
|barnetpeter: Of course lots of new shares will be issued. By buying stock here you are backing the new directors. Maybe they will blow out but they will also be putting their cash in ....and they paid a premium to the share price this morning. They could easily build up a decent company here and if it got to a mkt value of just £4 million, holders will get their money times 20. Sure its a risk but we all know that. This is a shell. Its risky. If not for you, put your money in somewhere for widows etc. Bradford and Bingley maybe? A very safe bank (end of sarcasm).
The objective will be to create shareholder value through making property
related investments. The intention is to build the Company by selected
acquisitions using its Ordinary Shares where appropriate to fund acquisitions.
It is intended that the Company will take an active role in managing the
investments by integrating them into the Group.
Initial focus by the Proposed Directors will be investment opportunities
relating to car parks, outdoor advertising and billboarding and care homes. The Proposed Directors consider that car parking is a recession resistant business and that shortage of capacity in many towns is a significant issue. Therefore the Proposed Directors will initially focus on acquiring companies that manage car parks for third parties or car parks themselves or available vacant development sites which are unlikely to be built upon for some time.|
|envirovision: yes Tom muir, but is the valuation low?
To translate into english, you buy lets say 1 Leo share for 2p, what you are buying has an intrinsic value of 0.02 pence since there is only 15K of cash.
Thats a loss in value right away of 99%, pretty amazing really.
However the fun does not stop there, you also get thrown in for free the liabilites of the company which will include directors fees/wages, costs to maintain the AIM listings, costs to file accounts and not forgeting costs to pay tens of thousands of pounds in interest due on preference shares.
So i guess the true maximum value per share is currently around 0.002p per share.
All in all, not such a bargain really is it :-)
|scotty2dogs: FFS - look at the share price over the last two months - How can you say "nice one Tara?" Its just a pump and dump yet again - it'll go up then straight back down again - make a few quid if you can but stop blowing smoke up her ar5e|
|boomorbust: lol ramptastic tara. The company has negative assets and hasnt had a positive net asset base for years so it is still worth err negative.
The Lipmans havent done very well lately have they and they have made a lot of small investors rather poor lately, havent they.
The city knows that this is duff thats why they are rescuing some of the stupid money they put in. Maybe they paid so much because some young city boy thought it was a good idea to follw property and related support services.
AGL, its your share of the decade, right you sold out. Thats why you were posting 20+ times a day for months prior to results and have now conspicuous by your abscence.
You also obviously dont know how these placements work. The directors will put the money in at a ridiculous low share price to make sure they look after themselves. All other shareholders will be screwed|
|ninalog: the dreaded but inevitable 'we know of no reason for share price movement' should slam this back to where it came.
|tara7: Sorry you miss my point, At ten times the share price investors overpaid, however if a deal is done the £200,000 market cap today can not be swamped by new shares, like most other shells. Reason the start point is so low.|
|leopold555: I am adding and averaging down. You need uncertainty like this to drop a share price imo so that you can buy. Of course the risk is there and it is really a decision for the individual whether they take that risk :-/ I have decided to run with it as I know the business is there and on a sound footing. We know the results were fantastic and we know the US legal system is having a real hard time stopping US citizens from gambling on the internet. I look at history and think that nothing Governments have done against the mass majority has worked. It is like prohibition again but this is further exasperated by the fact that the US Government have no jurisdiction in Gibraltar etc.
I like the Risk/Reward of PRTY and I am ploughing money in
Leo Insurance share price data is direct from the London Stock Exchange