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  6. Let's Explore Group Plc (LETS)

  7. Let's Explore Group Plc (LETS) Share Price

LETS

Let's Explore Group Plc

3.15
0.00 (0.0%)
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Share Name Share Symbol Market Type Share ISIN Share Description
Let's Explore Group Plc LSE:LETS London Ordinary Share GB00BD5JRP64 ORD GBP0.00040108663
  Price Change % Change Share Price Shares Traded Last Trade
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  0.00 0.0% 3.15 328,398 08:00:00
Bid Price Offer Price High Price Low Price Open Price
3.10 3.20 3.15 3.15 3.15
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 312 3.10 GBX

Let's Explore (LETS) Latest News

Let's Explore News

Date Time Source Headline
06/6/202314:18UKREGLet's Explore Group PLC Holding(s) in Company
05/6/202315:36UKREGLet's Explore Group PLC Result of Tender Offer and Notice of AGM
26/5/202315:19UKREGLet's Explore Group PLC Result of General Meeting and PDMR Dealing
24/5/202312:40UKREGLet's Explore Group PLC Transaction in Own Shares
19/5/202317:34UKREGLet's Explore Group PLC Transaction in Own Shares
09/5/202314:34ALNCNewsLet's Explore launches tender offer for up to 65% of shares
09/5/202313:08UKREGLet's Explore Group PLC Confirmation of Capital Reduction
09/5/202307:00UKREGLet's Explore Group PLC Tender Offer and Notice of General Meeting
04/5/202319:37ALNCNewsTRADING UPDATES: Virgin Wines warns sales will be below City forecasts
04/5/202307:00UKREGLet's Explore Group PLC Final Results

Let's Explore (LETS) Discussions and Chat

Let's Explore Forums and Chat

Date Time Title Posts
06/6/202311:38LETS Hope90

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Let's Explore (LETS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 15:35:013.103129.67O
2023-06-08 10:50:343.11170,0005,281.90O
2023-06-08 10:35:563.13105,0003,286.50O
2023-06-08 10:09:123.203129.98O
2023-06-08 10:09:123.20431.38O

Let's Explore (LETS) Top Chat Posts

Top Posts
Posted at 06/6/2023 09:54 by fegger
Lets hope they meet this date: Payment of the consideration due to Shareholders whose tenders under the
Tender Offer have been accepted is expected to be despatched (by cheque or by
a CREST payment, as appropriate) along with balance certificates in respect of
non-tendered shares, on or before 19 June 2023.
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Posted at 05/6/2023 22:13 by extrader
And this AIUI is the cash position

There is £19m in cash plus a further $1.25m (£1m) to be received in February.

So effectively £20m in cash.

c.£1m net will be used to buy back the leavers shares.

c.£1m will be received from the exercise of 40m additional share options @ 2.5p.

So still £20m in cash.


If £13.5m will be used for the tender offer, that leaves £6.5m. About 3.4p per share.


Oops ! I think I misread my calculator….

Apols.
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Posted at 05/6/2023 21:42 by extrader
From the RNS

The resulting post Tender Offer share capital will therefore be 190,849,873 Ordinary Shares.

I’ll try to come back re the cash later.
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Posted at 09/5/2023 14:40 by hatfullofsky
Perfect timing as ever benny :-)

"Strange markets at the moment and it seems that it doesn’t share your enthusiasm Mcfly"

SP up 10%
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Posted at 09/5/2023 10:25 by bennywin
Strange markets at the moment and it seems that it doesn’t share your enthusiasm Mcfly.

My concern is that the remaining pot might go into buying out an existing Higginson family business.
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Posted at 09/5/2023 10:11 by mcfly79
There is £19m in cash plus a further $1.25m (£1m) to be received in February. So effectively £20m in cash. c.£1m net will be used to buy back the leavers shares. c.£1m will be received from the exercise of 40m additional share options @ 2.5p. So still £20m in cash. £13.5m will be used for the tender offer, leaving £6.5m. About 4.3p per share. So you can sell at least 65% of you shares at 4.75p and the remaining shares will have 4.3p per share in cash.
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Posted at 09/5/2023 09:49 by hatfullofsky
282,953,968 shares purchased by the tender offer at 4.75p = GBP13.44m (a little higher than they had suggested GBP12.5m)

They have GBP19m on the balance sheet

Leaves £5.56m with 152,359,829 shares that will be in issue = 3.6p per share
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Posted at 09/5/2023 08:18 by divmad
Yes, with circa £6mn cash left in the company after the capital reduction, and 152mn shares, the stub company will have 3.9p or share of net cash. That's after each shareholder effectively receives 3.08p for his/her total holding today. Quite some value still to be had here
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Posted at 09/5/2023 07:50 by mcfly79
Fantastic result for shareholders.

Shareholders can sell a guaranteed 65% of their shareholding at 4.75p, and apply to sell up to 100% at 4.75p.

The remaining shares will still have a similar amount of cash per share.

I think it should be trading at close to 5p.
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Posted at 05/5/2023 08:40 by yump
Sometimes (not speaking for benny) you have a stake left which is not worth selling at the current price, so may as well leave it in, just in case you can recover more in the future. Assuming you don’t think its a basket case, which I don’t think it is, although my opinion of the BOD couldn’t be worse and I don’t trust them an inch to act for shareholders’ benefit.

Personally, I think it stinks to have sold the LBE business, when clearly we are back into normal service after covid. Its been sold at a consumer market bottom imo, although its debateable whether one-off park visits suffer much in a downturn anyway.

BOD shown to have no guts at all for toughing it out.
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