Southern Bear Share Discussion Threads

[spangle93] 02/11/2010 08:08

Exciting here, isn't it? Think I'll drag myself from the screen and get a cuppa

[the next man] 18/8/2010 09:02

IMO this has scenario of Wray lining pockets with investor cash then bump it

[rcf4711] 17/8/2010 22:07

thanks for that, when i the placing coming to the market then? (and will the shareprice adjust)

[stegrego] 17/8/2010 22:00

They will offer you more shares to buy at 0.1p so you could average down, but the number of shares is going to go through the roof, meaning your holding will be worth a fair bit less than it was.

Wouldnt like to put a number on it, but id expect it to be worth a lot less than 1500, certainly short / mid term.

Depends how the company does.

They are effectively issuing 3,600,000,000 new shares in current money.

Your 300,000 will become 7,500 shares in a 1:40 consolidation.

If each share is worth say 4p (the issue price) then your holding will be worth 300 quid......

Really depends on the markets etc.

[rcf4711] 17/8/2010 21:39

stegrego, thanks for that... does that mean my holding will go down to £1500/4 so £375 essentially?

[stegrego] 17/8/2010 21:31

rcf - they are at 0.4p and expecting a 0.1p placing.

[the next man] 17/8/2010 21:22

Down- A T1ps con, like loads of others. Wray's part of the pack.
Too expensive to sell as well.

[rcf4711] 17/8/2010 21:07

just a quick question...
is this currently at 0.040 pee and expecting to get a 0.1 pee placing...
bit confused... i have about 300k of these at about £1500, any idea where this will head?

[glasshalfull] 17/8/2010 18:49

Hope people heeded my 31st Dec 2009 post.....current price 78% lower.




Glasshalfull - 30 Dec'09 - 07:56 - 534 of 552 edit

Anyone researching or holding Southern Bear should tread with caution IMHO.

I recently had a holding in a little known company called Litcomp (LIN) which was taken over at a fraction of it's true worth.
Nigel Wray also held all the cards and a trawl through the following thread and RNS may assist investors.





Regards,
GHF

[spangle93] 17/8/2010 14:16

I dream of the day some time in the future now when the value of my holding rises above the cost of selling it.

[argy2] 17/8/2010 14:14

No, but several disgruntled t1ps subscribers and Nigel Wray followers must be on the share register.

[josephrobert] 17/8/2010 12:00

By my calcs 100/- of these things are worth £400, after the CAs £150, nice...

[stegrego] 17/8/2010 07:35

I hope Wray ends up having to buy all the shares himself.
Deserves a good kicking.

And yes its 0.1p placing....

[argy2] 17/8/2010 07:27

Is this rights at the equivalent of 0.1p?

[argy2] 17/8/2010 07:17

Yet another Whingerfrith/Wray disaster.

[spangle93] 17/8/2010 07:12

Big changes ahead...

with more money needed... "deeply discounted"



I thought it was good at 4p till I saw in the results RNS that they were going to consolidate 40:1



oh... and that engineering company we thought we'd invested in... well, that's gone too

[abc125] 09/8/2010 16:03

Broker changed to seymour peirce, nigel wray happens to be a director there. Also, 2 non exes appointed so that when wray buys the company for a knock down price, a semblance of impartiality is given. In takeover situations, the 'independant' non exes are supposed to weigh the merits of the offer.......lol.

[bozzy_s] 09/7/2010 13:00

What's the next natural step for these? I'd imagine Wray will keep it running as long as possible to earn interest on his related-party-loan, then nick the profitable parts of the company for himself later?

[themoneymonster2] 09/7/2010 12:47

are they related?

[stegrego] 09/7/2010 12:44

Hope no one actually got suckered into this Nigel Wray / t1ps.con rubbish.

This and its sister, Northern Bear, are 2 of the worst companies on AIM.

[abc125] 09/7/2010 11:18

I hope people followed glasshalful's advice and did not buy into this stock. The same thing happened with LIN, a profitable niche insurer which was taken out by wray on a diabolical 3.5 x historic earnings.

[bozzy_s] 09/7/2010 11:12

Whenever I see the name Nigel Wray, I see crashing share prices and angry shareholders. Seems to be a successful businessman for himself, at the expense of everyone else.