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LEO Leo Ins

4.25
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Leo Ins LSE:LEO London Ordinary Share GB00B0NN1H91 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.25 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Leo Insurance Share Discussion Threads

Showing 926 to 950 of 1075 messages
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older
DateSubjectAuthorDiscuss
06/7/2010
13:46
As much as I don't appreciate tara ramping away, LEO has its merits. Perloff is big fry and he hasn't taken on the shell to make 100k or so. He will have much loftier ambitions which no doubt will be realised pretty soon. Deals will be quite far down the road and the potential does exist for some large gains. Anyone buying in though would be reminded it is a bit of punt rather than one where you bet the bank.
nickcduk
06/7/2010
13:45
Nice days work ;-)
knowing
06/7/2010
13:44
Stay away from the stock if you feel its overvalued.!!!
tara7
06/7/2010
13:40
Listen if something is worth 0.002p and you have to pay say 2p for it, thats a really bad deal. Its a very very poor investment indeed.

The intrinsic value of the share would have to rise around 100,000% before its fully valued.

envirovision
06/7/2010
13:35
Its not for you , fine but it does not mean its a poor or bad investment.

The listing cost on AIM from new is 400K plus, so value is in the price right now.

tara7
06/7/2010
13:33
oh right, I see where your coming from, Listen I've got a few Bradford & Bingley shares, do you want to buy some off me?
envirovision
06/7/2010
13:31
What you are buying is a company on the move, action, hope, profits down the line, all for 100K listed on the LSE.
tara7
06/7/2010
13:27
Envirovision, do not buy this stock, stay away.We are at a low,very low base here.

You see it from one side i and others see the other.!1

tara7
06/7/2010
13:23
yes Tom muir, but is the valuation low?

To translate into english, you buy lets say 1 Leo share for 2p, what you are buying has an intrinsic value of 0.02 pence since there is only 15K of cash.

Thats a loss in value right away of 99%, pretty amazing really.

However the fun does not stop there, you also get thrown in for free the liabilites of the company which will include directors fees/wages, costs to maintain the AIM listings, costs to file accounts and not forgeting costs to pay tens of thousands of pounds in interest due on preference shares.

So i guess the true maximum value per share is currently around 0.002p per share.

All in all, not such a bargain really is it :-)

LMAO.

envirovision
06/7/2010
13:21
It may and has but at the time the shares do not add up to 100K, more like the odd million.

Now and again things go the other way with the new shares costing way Above todays quote.

In any event value is to be had here or why would they do it.!!!!

tara7
06/7/2010
13:19
All very true tom but as the valuation is so low, a reverse could mean a 20 fold profit even if existing holders are left with 20% of the stock. Its a gamble but a pretty cheap one at these levels!
supermum
06/7/2010
13:18
SPOT on Tom
solarno lopez
06/7/2010
13:06
I wouldn't get too excited. All thats happened is that they have bought a stock exchange quotation cheaply.
When the time comes to purchase a business then they will launch a funding operation in which they will be the sole subscribers which will swamp the the existing shareholders. It's happened over and over again.

tom.muir
06/7/2010
12:52
As is so often the case in a few days, weeks, the market will catch on to this £100,000 pound company.
tara7
06/7/2010
12:49
Lord Young
solarno lopez
06/7/2010
12:36
Who is it then?
tara7
06/7/2010
12:33
May I suggest you look at who is on the board of London Active Management. I don't think you will be disappointed
solarno lopez
06/7/2010
12:15
Plus an AIM listing plus plans for an RTO.!!
tara7
06/7/2010
12:13
Directors just bought 30% of the company and 100% of the interest bearing preference shares for 2.25p via the issue of millions more shares.

The company will be left with no business at all, except £15,000 in cash.

....and its market cap is right now in excess of £150K

envirovision
06/7/2010
12:09
You won't believe this but the announcement on my system does not say 2.5p and yet it is the Stock Exchange website arghhhhhhhhhhhhh
solarno lopez
06/7/2010
12:07
If the Disposal is completed, the Company will be required under AIM Rules to
adopt an investing policy which must also be approved by Shareholders at the GM.


The objective will be to create shareholder value through making property
related investments. The intention is to build the Company by selected
acquisitions using its Ordinary Shares where appropriate to fund acquisitions.
It is intended that the Company will take an active role in managing the
investments by integrating them into the Group.

Initial focus by the Proposed Directors will be investment opportunities
relating to car parks, outdoor advertising and billboarding and care homes. The
Proposed Directors consider that car parking is a recession resistant business
and that shortage of capacity in many towns is a significant issue. Therefore
the Proposed Directors will initially focus on acquiring companies that manage
car parks for third parties or car parks themselves or available vacant
development sites which are unlikely to be built upon for some time. The
Proposed Directors are aware of a number of sites which might provide car
parking opportunities. The Proposed Directors believe that car parks also have
considerable synergy with the billboard and outdoor advertising industries.

The proposed Investing Policy, following Completion, will be for the Company to
seek to make property related acquisitions or investments which may include:

(i) freehold or long leasehold property or asset backed businesses owning
freehold or long leasehold property;
(ii) property-related businesses which manage asset backed businesses;
(iii) distressed properties, in partnership with others, where the Company
would manage the asset(s) for a fee and participate in any potential upside;
(iv) private property companies; and
(v) property services businesses where the majority of the income is
effectively recurring, such as property management, rating and utility
brokerage.

knowing
06/7/2010
12:06
Stegrego, agreed, But hey look, THEY ARE NOT DE LISTIG ARE THEY.!!

They are not going to be a 100K company for long.?!! GET IT!!

tara7
06/7/2010
12:02
The Company has been notified that, immediately following Completion which is
expected to be on 30 July 2010, Leo Holdings (2008) Corporation (a company
controlled by Larry Lipman and Errol Lipman, both directors of the Company) has
agreed to sell in aggregate 2,157,570 Ordinary Shares (representing
approximately 29.9 per cent. of the issued share capital of the Company) to Neil
Sinclair, London Active Management Ltd (a company controlled by Neil and Pamela
Sinclair), Stanley Davis, Pamela Sinclair (wife of Neil Sinclair) and Andrew
Perloff (the ("Purchasers") at a price of 2.25 pence per Ordinary Share. The
Purchasers have agreed to acquire the Ordinary Shares as follows:

knowing
06/7/2010
12:02
Whats the point of a 100k company being on AIM?

Answer - none.

stegrego
06/7/2010
12:00
Read it again
tara7
Chat Pages: 43  42  41  40  39  38  37  36  35  34  33  32  Older

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