Biofutures Share Discussion Threads

[apenny24] 12/3/2013 19:17

Leeds -

Can one assume that with those huge delayed sell trades out of the way, that from now on there should be more daily movement as its been a bit static and with so many trades going through...

this has to climb bit more shirley...

heres hoping.

[bam bam rubble] 12/3/2013 18:49

leedskier,
I have no position here so am one of the few not talking up their book, contributing only out of interest. I may take a short position at some stage to capitalize on the perceived overvaluation, although with blue sky stocks its hard to judge how the market will respond. Fundamentals can go out the window i.e. PDX went to several hundred million on its hyped technology but was all mouth and no trousers and is now below £5m.

[leedskier] 12/3/2013 17:48

Bam Bam Rubble, it is always a difficult call to say whether a share is being valued fairly for an IPO, which when push comes to shove, is what GRPH is.

I am not able to say whether £163m, including the £35m of additional funds, is an under or overvalue.

It never ceases to amaze me why some shares are trading with a market cap at a discount to their assets even when they producing and making a profit eg. WTI, yet other companies who seemingly do not make any money are valued very generously eg.PALM.

With respect on the limited data you posted to support your thesis, I doubt you are either.

We really need to see the Panmore analyst's report.

add:

Assuming we are to have an adult discussion about this rather than the usual talking up of one's own book.

[leedskier] 12/3/2013 16:43

If a broker sells and buys shares for clients in the market for tax purposes as we approach the end of the tax year, the MM charge them a commission on that, over and above the fees charged for trading the shares?

[weyweyumfozo] 12/3/2013 16:26

leedskier,

thanks for all the info on this BB - I've been trying to speed read it over the last day or two.

re. the rollover or not - price is the same for all four trades. Shouldn't there be a slight difference between the sells and buys?

I'm not sure what the share price will do over the next few weeks, but I've just made an initial purchase of 25,000 @ 6.45p.

[leedskier] 12/3/2013 16:07

bsg, I am not an expert in any of this ... my shares are all in a SIPP. But the numbers stack-up.

Maybe it is bed and spouse ;

[bsg] 12/3/2013 16:00

leedskier, what about the 30 day rule on B&B ?

[leedskier] 12/3/2013 15:50

Bam Bam, still holding your short position here?

add:

Your view does not speak well of Panmore's clients who have taken up £35m of shares at £1.40 each.

Incidentally I have been promised a copy of their analyst's report at some point.

[leedskier] 12/3/2013 15:25

Someone who owned the shares wanted to cap CGT liability which would have arisen when the shares are cancelled pre-market on 26 March 2013. On 26 March 2013, new shares with a new epic will be issued at the rate of 1 for 20.


add:

This note suggests that liability may not arise because of the issue of new shares, but many want to cap their liability, or lock-in losses ahead of the end of the tax year.

'There may be no tax to pay if your shares have been replaced by new shares following a company reorganisation or take-over.'

[keya5000] 12/3/2013 15:23

Leeds rollover from when that's a fair old chunk?

[leedskier] 12/3/2013 15:17

It was a roll-over....

11.3m traded at 14.28.01

1m + 6.6m + 3.7m traded between 14.28.06 and 14.28.18 = 11.3m.

add:

Or whatever is the technical term for tax efficient trading.

[leedskier] 12/3/2013 15:11

These are the major shareholders. Each of these save for Judith Carter has agreed to lock-up ... so who held the shares which have just been traded?


Major Shareholders Amount % Holding
Henderson Global Investors Limited 33,314,030 20.02%
Stoutman Holdings LTD 22,068,380 13.26%
Wong Kai Fatt * 13,334,000 8.01%
Judith Catherine Carter 7,060,000 4.24%

This document also contains the Directors' recommendation that you vote in favour of the Resolutions to be proposed at the GM convened for 10.00 a.m. on 25 March 2013, as the Board has irrevocably undertaken to do. Shareholders should note that the Resolutions (apart from Resolution 6) are inter-conditional upon one another and consequently, if any of Resolutions 1 to 5 or Resolution 7 is not passed, the Acquisition, the Placing and Admission will not occur. The Directors and certain Shareholders (including Henderson Global Investors Limited, Stoutman Holdings Limited and AXA Investment Managers UK Limited) have irrevocably undertaken to vote in favour of the Resolutions at the General Meeting in respect of their beneficial holdings, which amount in aggregate to 76,106,410 Existing Unconsolidated Ordinary Shares representing 45.7 per cent. of the Existing Unconsolidated Ordinary Shares.

[keya5000] 12/3/2013 14:58

20m+ dump, reason for the weakness perhaps?

[bam bam rubble] 12/3/2013 14:53

Reading the admission doc, I can't see anything to justify the post-RTO valuation?

FY 2010 -£4.7m net loss (sold £2.3m biodiesel, £2.7m palm oil byproducts/feedstock)
FY 2011 -£6.5m net loss (sold £2.9m biodiesel, £2.2m palm oil byproducts/feedstock)
FY 2012 -£5.4m net loss (sold £3.6m biodiesel* £6.0m palm oil byproducts/feedstock)
........................*plus £6.7m biodiesel sold to first international customer

FY 2013 so far (Jan-Feb) sold £0.9m worth of product

[bsg] 12/3/2013 14:33

I hold RXP and AUE, as I said I'm a glass half empty investor.

[leedskier] 12/3/2013 13:50

ROXI PETROLEUM PLC - RXP
bsg - 04 Mar 2013 - 10:17:38 - 20825 of 20849
I reckon with these two large share holder, a delist is on the cards.



LGO 2013 1p to 3p? - LGO
bsg - 05 Mar 2013 - 09:52:23 - 294 of 440
Feels like summer ... everything just slowly ticking down.


Aureus Mining Inc - Gold in West Africa..... - AUE
bsg - 06 Mar 2013 - 09:02:15 - 3880 of 3953
What happens if they can't get a loan, then a placing around here will be pretty grim

[leedskier] 12/3/2013 13:02

apenny he is basher. He is bashing another share I hold too. In December he predicted BIP would open when relisted at 3p. It opened at 7p.

There was a signal on the book this morning that someone was searching for shares. It was followed by the very large buy I referred to above.

There are very few shares in free float.

I imagine that many of the shares being sold yesterday at or about 7p have yet to be covered.

The market needs to try and shake a few out to do so.

But it is all entertaining stuff as long as one does not take it seriously.

[apenny24] 12/3/2013 12:54

BSG...just a Q, why would they want to get it down to that price, is it to trap people in who paid higher to stop them selling?

I bought my latest trance at 7p...so i am stuck in if they keep it low which i think might be the plan forcing me to either take a loss or go through the consolidation in which i may end up losing more as i also agree it will fall (only at first) post consolidation. i feel entrapped and i was hoping it would surpass 7p in these two weeks as it was attracting new investors eager for my shares, it looks like every one will wait until post consolidation before taking positions. still early days though...

guess i have sour grapes i bought at 7p if was in lower i would have sold too as others are.

ho hum..

[leedskier] 12/3/2013 12:50

If this falls to 4.5p I may even buy another million shares.

[leedskier] 12/3/2013 12:26

My brokers have sent my proxy voting form to the Registrar and forwarded me a copy by email. As my shares, as I suspect is generally the case, are held in the broker's nominee a/c, the brokers had to complete the form.

I encourage all shareholders who wish for the resolutions to be passed ... it is not a pick & mix ... they ALL have to pass for the RTO to occur ... to communicate with their brokers to get the relevant form completed. It will take at least three days.

My brokers used a form, which I sent to them, it having been sent to me by BIP in response to a request.

The form is in pdf format, should anyone one a copy, I am happy to email it on.

I may even try to upload it onto this page as pdf file.

NB. my brokers tell me that the proxy form CANNOT be processed via CREST and has to be manually completed.

[bsg] 12/3/2013 12:20

To keep the theme going, how about a guess at closing price (bid) on last day before consolidation.

Here's mine 4.5p

[leedskier] 12/3/2013 10:01

788,644 just bought at 6.99p, so someone thinks that the price is the floor.

add:

But given that the placing is equivalent to 500,000,000 shares at 7p, it is not surprising.