Skil Ports & Lg Share Discussion Threads

[hatey] 27/10/2016 12:35

Are those trades near the bid buys then...must be ??

I'm wondering why the price is still quite strong in the 10p range, by now I'd have
thought it would have given way to 5-8p.

of course you have to keep watching in case they find a miracle finance package that does not involve a heavily discounted placing, or a death spiral finance deal involving the issue of endless warrant's etc etc

[tyranosaurus] 27/10/2016 10:47

News : No news in the past month.
Where`s the communication with shareholders then ?

[diku] 26/10/2016 18:50

Have they build the fishy port for fisherman yet?....

[diku] 16/10/2016 11:13

Ask yourself one question!....is AIM = Am I Mug?....

[yasx] 15/10/2016 11:57

azalea14 Oct '16 - 09:38 - 8671 of 8675 1 0
There are hundreds of millionaires lin India, looking for a good investment to put [sic] there money in."

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Begs the question then, why did they decide to list on AIM? There is your answer.

[yasx] 15/10/2016 11:57

azalea14 Oct '16 - 09:38 - 8671 of 8675 1 0
There are hundreds of millionaires lin India, looking for a good investment to put [sic] there money in."

----------------------------------

Begs the question then, why did they decide to list on AIM? There is your answer.

[diku] 14/10/2016 11:06

Which company got money for shifting the muck?...

[lefrene] 14/10/2016 09:58

Quite simply because they will get a £200 million asset for £36 million, an asset that is going to crank out a good income for many decades.

[igoe104] 14/10/2016 09:52

Why would any Indian millionaire invest into this, when the management have struggled to even get to first base. so glad I`m out of this, its a share that can make you age 20 years.

[lefrene] 14/10/2016 09:43

That's rather what appears to be happening azalea, and may have been part of a plan from the beginning. Appear to mismanage a project, consume all the original investors money, then invite your mates to grab ownership for a fraction of the worth of the asset just as it nears fruition.

[azalea] 14/10/2016 09:38

There are hundreds of millionaires lin India, looking for a good investment to put there money in. If £36m will see the port to completion and cash earning,a few of them might want to take a slice of the company with a view of turning a profit on a 2 year view.

[waterloo01] 13/10/2016 18:48

Hard to disagree Lefrene, and one can but hope but that's priced in at 10p. What isn't is a different mix of funds and some change of management or even an outright sale?

[pj 1] 13/10/2016 18:26

azalea --''a piddling £36 million''

I'm afraid you show the same attitude to cash as the BoD?

[lefrene] 13/10/2016 16:48

Well if a current 45 million shares are only worth £4.5 million then £36 million will need 360 million shares, thus the current owners of the company will only have one eighth of what they previously had.

Had these liars delivered what they promised they would deliver, this port would now have been open for 18 months or more, and probably worth £200 million on an operating basis, which spread across 45 million shares would be about £4.40 a share. If this thing ever gets to an operating stage and achieves a commercial value of £200 million there would be 405 million shares circulating, of slightly less value than 50p each. Given their track record they will likely continue to fail on promises and continue to want fresh money with which to pay themselves ever larger salaries for failure.

If they want to look after the share holders they need to get some part of this working, and then issue bonds to raise capital. They need to severely cut back grandiose schemes and demonstrate some commercial acumen. All they have proven so far is that they are very poor at getting value for other peoples money. One would think they were government servants getting kickbacks on contracts for the way this has gone.

[azalea] 13/10/2016 16:11

PJ1
Yes, I remember seeing the Rns with all sorts of proposals and because the money was required to complete the port and provide funds until it generated cash, I did not and do not think it a problem to raise a piddling £36m. So perhaps an announcement by the end of the year.


EDIT. In fact, as is the case in many fund raisings, the share price could get a boost from a successful raising of £36m.

[pj 1] 13/10/2016 15:09

azalea, ave you missed this via RNS?

'the Company has also been considering its funding options, which may include increasing the current debt facility, securing a strategic partner to invest in the Company's subsidiary operating company, or a placing of new ordinary shares in the Company which would be available to all shareholders, or a combination of the above.'

[lefrene] 13/10/2016 12:05

If you need to raise money then common sense dictates that you deliver good news first in order to lift the perceived value of your business and demonstrate competence. Then having lifted the value and the market thinking you are the best thing since ready sliced bread, that's when you invite the punters to put up more of their real money to invest in the next earnings generator of your grand scheme. In this case the wheeze was a ship 'repair facility', the great mistake being that to get some credibility they actually need to deliver on their first scheme, and as we can see they have repeatedly failed to meet any of their forecasts, not a single one. So get something operating and generating a bit of cashflow, and set out a genuine believable schedule to get up to breakeven capacity, then a bit of value might be restored.

[azalea] 13/10/2016 11:53

lefrene
Talk about fund raising is simply that, just talk. Until there is news of it happening via an Rns, nothing will change the current situation. Who knows, if it does occurs, it could be accompanied by news of a significantly positive improvement in the build out of the port.

[lefrene] 13/10/2016 11:34

There's always a get out clause waterloo1, or should that be escapement?

azalea, plainly there is talk behind the scenes of either a placing or some other diluting fund raising. This overpaid and under delivering crew have stuffed up, they have shown little acumen in the build contract, so one should not expect any magic touches now. I suspect their main skill was in handling the byzantine politics to clear the hurdles and oil the gate hinges to get the permits. Actually getting some quayside open and getting traffic through it takes more than mere slippery words. Get some quayside open and functioning, and almost everything will very nearly be forgiven.

[azalea] 13/10/2016 11:22

IF SPL can end 2016 with a solid update and no talk of a placing, the share price could show a noticeable rise from its current position.

[dice1950] 13/10/2016 11:21

SPL triggered a breakout alert.


@TopTradersADVFN SPL going north m8 as you know 6xmkt cap in cash ie £24m and Bank facility £25m UNUSED NO DEBT

well they have £24m in cash so thats about 60p they might get an investor pumping cash in at 50p or sell the asset for about 200p a share or just return cash ie 65p NO BRAINER

As of June 30, 2016 SPL had of GBP24.8 million cash on hand and GBP24.8 million headroom in its existing credit facility (using the INR/GBP exchange rate as at 30 June). As of 31 August 2016, these sums were GBP24.6 million and GBP24.1 million respectively (using the INR/GBP exchange rate as at 31 August 2016) or GBP23.9 million and GBP23.3 million (using the INR/GBP exchange rate as at 30 June 2016).

[waterloo01] 13/10/2016 11:18

24hr clock lefrene.

[lefrene] 13/10/2016 11:15

waterloo1, oh no it isn't, it's correct twice a day! :¬D All this 'helpful' posting is disingenuous and can be seen for the 'pump' that it is. All SPL have to do to improve their image is post some fresh aerial shots showing meaningful progress at the site. Or is that the problem? ie poor progress?