Skil Ports & Lg Share Discussion Threads

[someuwin] 22/9/2016 08:49

Bought a few for the bounce.

[pre] 22/9/2016 08:48

posted on CR thread....

yawn122 Sep '16 - 08:37 - 559770 of 559770 0 0
SPL

Placing can't be far away.

Be careful, very careful.

[hatey] 22/9/2016 08:43

At 10p it would be 360 million shares, this does not generate the volumes/interest
to flip that kind of size.

[someuwin] 22/9/2016 08:43

Outlook

Work continues with a view to our project being fully operational by the end of Q3 2017. Many of the risks that hindered this project are now behind us and the coming year promises to be one of further strong progress for SPL.

[hatey] 22/9/2016 08:40

Surely it depends on the price.

When MRS was £4.5 mil cap and around 16-18p they said they needed to raise funds
at 12.75p, in the end because it was half the cap they raised it went through at
10.5p.

So 36 million, again how can this go through at this price, people are playing
a very dangerous game chasing this one this morning.

[jailbird] 22/9/2016 08:31

add the dilution coming then work out the mkt cap

[horndean eagle] 22/9/2016 08:30

Waterloo makes a very good point. Incompetent idiots perhaps? Bigger question might be why the hell they are drawing down debt and paying 13-14% on it when they have cash at hand.

[waterloo01] 22/9/2016 08:27

When they announced they needed £36m to fully fund till income, why didn't they also say they had £24m cash and £23m bank debt as yet undrawn? If they had said that, the share price wouldn't have crashed to a market cap of £4m.

[azalea] 22/9/2016 08:25

Some buyers and the share price ticking up, suggests there is life in the old dog yet.

[hatey] 22/9/2016 08:17

"and continues to explore options on how to fund the estimated GBP 36 million that will be required. In this regard, the Company has instructed advisers to consider a proposed placing and open offer"

Given what other stocks and prices raise large sums of money the vendors/flippers
will not risk it unless they know they can sell it on for a profit so I cannot see
10p a share so not sure why people are buying this today.

[waterloo01] 22/9/2016 08:07

So we still have £24m in cash and similar in bank debt to draw but are valued at £4m.

[diku] 21/9/2016 18:57

Does anybody know of a new company starter that is involved in the UK but get listed only on the Indian Stock Exchange to raise money?...

[diku] 21/9/2016 18:47

Why did they list on the AIM & not on the Indian Stock Exchange?....Is it that easy to mug punters on the AIM?...has anybody seen the drawings of the Port?...

[hugepants] 21/9/2016 12:58

Nikhil Gandhi seems to be quite a character. I think if I issued a statement saying "I am staking my reputation of 25 years on ensuring that we have an operational port, that is fully funded, by the end of 2015", and I didn't even get close to fulfilling my promise I'd have resigned immediately. It's the kind of statement that would make shareholders thinking of selling holding on instead. And those unsure buying for the first time. Has he even apologised? Or is this how they do business in India.

[my retirement fund] 21/9/2016 12:37

Opaldouglas bet your bloody glad you nevet listened to the over excited moronic bulls now. Choosing to DYOR even at the expense of extreme measures as needed in this instance to laybare proof of the insincerity of the BOD had save you great losses.Well done and shame upon those who refused to believe you !

[hamidahamida] 21/9/2016 07:44

This management has no clue and has no regard for shareholders it was pretty obvious they needed money why didn't they do placing when share price was above 50p.

[opaldouglas] 20/9/2016 18:33

Wow, what a real shame.

I recall several investors, myself included carrying out research (at our own cost) only to be shouted down by a number of regular posters accusing us of outright lies and deception regarding the validity of photos/progress on site etc.

Some people are just unwilling to except the truth.

OD

[george short] 20/9/2016 14:19

The RNS also refers to an open offer so I would have thought that the documentation relating to that would include a lot of detail as to how the funds raised would be utilised. Thus we would then have some detailed information which has been sadly lacking thus far.

[diku] 20/9/2016 14:17

Does anybody know its "preferred specifications"....where are the drawings?...

[diku] 20/9/2016 14:16

Why this outfit listed on the AIM & not the Indian Stock Exchange?...

[george short] 20/9/2016 14:10

tyranosaurus: Lord Flight has just arrived on the scene and I guess his immediate priority will be to get involved with any fund raising. Hopefully the communication thing will be high on his agenda too.

Re what the £36 million will cover the RNS the other day said that the sum would be enough to complete the terminal "in line with its preferred specification" so by implication that would complete the site I would have thought but it is not clear unfortunately. We'll just have to wait re the other questions.

[lefrene] 20/9/2016 13:52

As one can no longer believe anything the company says it seems hardly worthwhile to repeat their latest statements. The mooted idea for the repair facility has been dropped. Why they should even be thinking of it when clearly the money was running out, unless of course it was just a ruse to raise fresh money, in the pretence that all was well and a new income stream would be worth stumping up for? Perhaps Lord Flight squashed that one?

Again empty words, but in the last update they said some part of the site would be operational before the end of the year. As they have never delivered anything on time and within cost, I'm presuming these are just vacuous words, although one would have thought that Ro-Ro services would not require cranage, and with such a small tidal range should be simple enough to accommodate. That would at least start a bit of cash flow, perhaps enough to cover the egregious 'travel expenses'!

"Time scale", a case of the proverbial piece of string. A useable length of quayside has to be completed and cranes installed, currently the quayside construction is well behind the curve.

I guess most small holders are never going to see their money back. One can only hope that the offices of Lord Flight help in a not too destructive package to get this facility up and running. This might be an opportunity to get in before the deal is known, or then again it might not!

[tyranosaurus] 20/9/2016 13:24

AIM shares are risky but I reckon those registered offshore are even more risky.

Lord Flight was supposed to improve shareholder communications.
He`s not done a good job so far.

£36m needed.
Will this complete the site or just some operational part ?
What about the repair facility, is this included ?
What is the time scale ?
Will us small investors be partly or fully shafted ?

This time next year we`ll be rich. Maybe so, but not by holding this stock.