Location Sciences Share Discussion Threads

[richie32] 01/6/2022 15:12

I've also sold my shares in this company. GLA

[slicethepie] 01/6/2022 15:00

What a nice farewell from our two directors! Despite having taken large salaries and destroyed the company they need to sell a few grands worth of shares for tax reasons at a 30% discount. Thanks chaps ....

[andre] 18/5/2022 15:23

Shenanigans.

[david gruen] 18/5/2022 11:55

Reversal imminent?

[pwhite73] 23/2/2022 09:46

0.20p options still being cashed in.

[plunge] 15/2/2022 12:28

I tend to agree with you but hoping this won't be the case. Also, the new crowd are certainly not inspiring any confidence yet.

[fred splange] 14/1/2022 15:30

Do you have a link? Can't find it on telegram

[plunge] 14/1/2022 13:51

There is a lot of useful content and discussion on the Location Sciences #LSAI Telegram forum. You can always join it.

[plunge] 14/1/2022 13:04

Alas, I wouldn't put your hopes on much value being realised from this location data operation.

This has failed as a business model and once it is eventually disposed of, this Company becomes a cash shell.

[david gruen] 14/1/2022 12:37

13 million?
130 million? (10 bagger)
260 million? (20 bagger)
520 million? (40 bagger)

[david gruen] 14/1/2022 11:09

The big one is coming.

[richie32] 14/1/2022 10:54

This is a wild ride

[david gruen] 14/1/2022 09:25

Here we go!

[david gruen] 13/1/2022 16:11

I've got a sneaky feeling this is going to do a BLU very soon indeed.

[tima441] 06/1/2022 13:44

LSAI Target of 1.2p

Always nice if charts & fundamentals agree!

[tima441] 02/1/2022 09:27

Summary of my views & "evidence" that makes me think Medusa19 rto is likely

[tima441] 02/1/2022 09:03

So there are potentially £24m of tax losses to be mopped up? I am no accountant - but if I understand correctly ... at 19% Corp tax this will save £4.5m in real cash
With Corp tax likely to rise to 23% in 2023 its worth up to £5.5m

vs current mkt cap of £13m that included £4.3m cash as at 30th June

[tima441] 01/1/2022 14:03

Just re-reading some of the placing & other info:

On 25 May 2021 1,842,500,000 ordinary shares of 0.1p were issued at 0.2p pursuant to a placing, subscription and broker option .......... At the same time 42,500,000 ordinary shares were issued at the market value on day of admission of the shares at 0.66p to the non-executive directors in lieu of their first-year fees.

They must have been happy that 0.66p was a good price!
I suspect that the announcement of plans has taken longer than expected. But underlying position unchanged.

On the tax losses.... the note in the accounts says:
"Subject to the UK tax authority's agreement, the Group has UK tax losses of approximately £20,200,000 (2019: £19,680,000) available to carry forward and offset against future taxable profits arising from the same trade. The Group has a potential deferred tax asset of £3,840,000 (2019: £3,340,000) which will not be recognised until it is regarded as more likely than not that there will be sufficient taxable profits from which the tax losses can be deducted. In addition, no deferred tax asset is recognised in respect of future tax deductions on exercise of share options."

I'm not sure exactly what constitutes "same trade" or other relevant tax rules but feel pretty sure this is a major factor in the Concert Party plans

2022 should be interesting!

[tima441] 30/12/2021 09:43

Nope... Do not read something in that I have not said

[pwhite73] 30/12/2021 09:33

tima441 - "But many of the other shareholders are aligned with them"

If they are aligned with them then they are part of the concert party. If they are acting in unison with the concert party then its what's termed as an interrelated party transaction. The FCA is fully aware of concert parties pretending to be separate individual entities seeking the same goal.

[tima441] 30/12/2021 09:27

Pwhite as I make clear... the concert party... is the concert party. Other shareholders are not party ...But many of the other shareholders are aligned with them which is why I feel those shares are in sticky hands and effective free float reduced.

Hardly surprising if a few sellers arrive when it's moved from low 0.3s a week ago!

[pwhite73] 30/12/2021 09:02

tima441 - "So the number of shares that are in free float might be just 10%"

The number of shares that are in free float cannot be less than 25% and if any concerted party own more than 29.99% then they have to make a bid for the company unless the takeover rules are waived by the London Stock Exchange.

The share price is clearly moving in the right direction and there may be things afoot but AIM/small cap companies are notorious for ripping off small shareholders no matter how small their percentage holding. For all the buying the price is making little progress suggesting there are large sellers in the background or placing shares are being forward sold at a discount. Having said all that I can understand why this would still be worth a small punt.