Share Name Share Symbol Market Type Share ISIN Share Description
Lb-Shell LSE:LBP London Ordinary Share GB00BNB7LQ31 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0085p -3.00% 0.275p 0.21p 0.34p - - - 348,374 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 91.8 -64.6 -42.8 - 0.00

Lb-Shell Share Discussion Threads

Showing 1 to 23 of 25 messages
Chat Pages: 1
DateSubjectAuthorDiscuss
14/11/2017
14:56
Best explanation of situation I've read Otherwys Posts: 137 Answer Opinion: Strong Sell Price: 0.25 Full story hereToday 14:51It feels like there's a fair bit of confusion about this company. I've been following the story for a while, so for those who are interested here it is in a nutshell. IEH (Intelligent Energy), a fuel cell company with lots of good IP, got into financial difficulties and managed to find someone to bail them out. That was Meditor (with a few minority partners), the bail out was in the form of a Convertible Loan Note (CLN), no-one else was interested in putting any money in. The terms of the CLN were pretty punitive, and the CLN holders had security over the operating company which owned all the IP (not the listed holding company). IEH continued trading, hoping to start making sales and profits enough to dig themselves out of the financial hole. They couldn't manage it, and finally ran out of cash around end September this year. No-one was willing to put any more money in. So IEH sold the operating company and all the IP to Meditor for £19m; then used the £19m to pay off the CLN (I think this was about 65p in the pound). So Meditor got the operating company and the IP, plus 65% of their CLN investment back, whereas the other minority CLN holders took a hit of c. 35% on their investment. The company said in an RNS in black and white that there was no value left in IEH shares. With no operating company, IEH no longer has a business; and having paid off the CLN it has virtually no assets. They have made clear their intention to delist and wind down, they have said that the remaining assets will just about cover that and there won't be anything left for shareholders. They have now changed their name, I expect this is probably because Meditor now own the operating company that still trades under the name "Intelligent Energy" and they don't want any confusion. What's now listed is just a shell, it no longer has any link to Intelligent Energy. All of the above can be verified by reading the RNSs issued under ticker IEH. It's a bit convoluted, but it's all there. As to why they've set up a new website, well I haven't bothered looking at the website but I wouldn't be surprised if it was a listing requirement these days for a company listed on LSE to have a website; even if it's in the process of delisting and winding up. I imagine delisting can take some time. In any event, I personally would not touch this company with a bargepole; I will run a mile if any company I'm invested in starts dealing with Meditor; and I have put the names of the IEH directors on a personal list of directors to avoid like the plague. Anyone investing in "LB-Shell" in my view would be better off sticking their money on Red 12 and taking a spin of the roulette wheel... GLA Otherwys
the stigologist
12/11/2017
19:43
Looks like this could move very quickly with news
letmepass
09/11/2017
16:40
Even if a shell player comes in it makes a big difference if its a genuine winner like Chris Akers or a numpty like Adam Reynolds
the stigologist
09/11/2017
16:36
Read my previous post and go figure!
microscope
09/11/2017
16:35
I thoight the same regarding that being a possibility.. But then why need the website? Well the listing holds value, its main market & shareholders would benefit from using it as a shell so it makes more sense IMO, Very risky punt. Who knows!!
oxs
09/11/2017
16:30
I think they might have thought traders might think IEH plc still denoted the Fuel Cell assets so they changed name simply to disassociate with no ambiguity I don't know to be honest. Could go either way. Not been any scuttlebut as to someone looking to come in use it as a shell.
the stigologist
09/11/2017
16:23
Stiologist. Surely the odds of that are quite likely, name change and new website, if a delist was on the cards why bother ?? Makes no sense whatsoever... It wouldn't tho be the first time a company on the lse has played something down full well knowing the intentions were different..
oxs
09/11/2017
16:20
How many shares are there in issue?
solarno lopez
09/11/2017
16:13
count me in that category if they announce a plan and no cancellation i'd look to reassess
the stigologist
09/11/2017
16:10
Or those of nervous disposition
oxs
09/11/2017
16:09
hmm v risky not for widows or orphans
the stigologist
09/11/2017
15:46
I agree! Worth a punt!
oxs
09/11/2017
15:44
This is crazy. I can only conclude someone is going to come in and use it as a shell for a RTO
the stigologist
09/11/2017
15:32
Why the hell would the build a new website?? http://www.lb-shell.com/
oxs
09/11/2017
13:20
Nah - surely not.
scantrader
09/11/2017
11:31
Some shocking ignorance on display on the Lunatic Asylum
the stigologist
08/11/2017
13:00
Bid Offer 0.28 0.279
the stigologist
06/11/2017
09:53
Let's just say i'm happy i'm not one of IEH'S creditors!
microscope
05/11/2017
23:13
Strange. Will need to be a definitive statement this week i guess.
the stigologist
05/11/2017
09:40
Still can't understand why did they change name? If they're planning to de-list then....
p_dharmendra
03/11/2017
14:52
If they announce they plan not to delist this could get interesting. Not for widows and orphans though.
the stigologist
03/11/2017
14:44
LBP Bid:0.15p Offer:0.34p Shows what the market makers make of it anyway.... :) I tend to think they're right. Suspect Falia and chums been left high and dry... or low and wet more like!
microscope
03/11/2017
14:35
No idea what is going on.
the stigologist
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P:42 V: D:20171118 17:56:05