Share Name Share Symbol Market Type Share ISIN Share Description
London Capital Group Hldgs LSE:LCG London Ordinary Share GB00B0RHGY93 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.625p 0.50p 0.75p 0.625p 0.55p 0.625p 149,705 14:00:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 23.2 -7.8 -3.5 - 2.37

London Capital Hldgs Share Discussion Threads

Showing 1351 to 1373 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
09/1/2018
19:00
Tks for posting Kenny - good article
luckymouse
29/12/2017
10:56
Reputation? I suspect he doesn't put any value at all on that commodity, whereas cash is something you can buy stuff with.
gheebee
29/12/2017
00:15
London Capital – a lesson in greed & the failure of the AIM listing system By Mr Karma | Thursday 28 December 2017 Friday’s news that London Capital (LCG)) was to move from AIM to the tertiary market that is NEX (and aptly described by Tom as the “lobster pot” although I’d call it “Hotel California market” in that you can “check in but you can’t check out”) was not greeted well by the market. In fact, the stock slumped by near half on the news (although it has to be said this was on nominal actual trading volume). At the closing price on Xmas eve (what a day to put out this news eh?) the market was just over £3 million. Set against net cash and ST receivables of just under £8 million at the end Jun stage and being conservative and adjusting this for say another £1 million of losses has the shares trading at less than half the net cash amount. Why you may ask is such a valuation which, by any conventional measure is cheap, are the shares trading at such a woeful level? The answer is pretty simple and is evident by much City commentary on the management and on-line at the site “GlassdoorR21; per HERE. To say that Charles Henri Sabet is a tad unpopular is an understatement. In my opinion this reputation is fully deserved and I shall paint you the potted history as to why he and London Capital have been deemed untouchable by almost everyone. We start back in 2014 and the move by then CEO Kevin Ashby to take the proposed convertible loan note offer of £17.5 million rather than pursue the (albeit indicative) offers from Spreadex and ETX Capital and that were worth, we understand, around 30p per share. Yes that is right almost 30 times the current stock price. These loan notes came with the first death sentence for the minorities in that they were contingent upon said Mr Sabet becoming a CF1 Director. In a bit of poetic justice for Mr Ashby, shortly after Sabet installed himself under his gilded desk (at shareholders expense) Mr Ashby walked the plank leaving just pliable NED’s in situ that allowed Sabet to run the company as a private fiefdom. However, once installed it became apparent that Mr Sabet was not upto the task and aside from a highly questionable deal per HERE in which a company wholly owned by Sabet received an upfront fee of £780,000 and quarterly payments of £300,000 that set off further alarm bells for shareholders he proceeded to move offices closer to his home in Knightsbridge at a material cost to shareholders including, we understand, the fitting of a private shower for him (quite why he could not get a shower at this home just minutes away is beyond me!). Not content with this highly compromising set of affairs (where were the NED’s?!) he proceeded to increase his compensation to an incredible £675,000 in the year ended 2016. All the while losses where mounting within the business. Given that the company lost just under £1 million at the EBITDA level in first half 2017 (God knows what his sycophants on the Board will have rubberstamped his take from the pot for this full year...) it is no doubt becoming extremely apparent where the underlying profitability is going... Not in minorities pockets but Sabets! The genius (evil) stroke on his and bedside partner in this fiasco GLIO’s part was the tearing up of the convertible loan note deal put in place in 2014 & that was so controversial at the time in that the original terms had the conversion price at 27p per share. As the shares slumped to sub 5p by mid June 2016 patently Sabet was not going to honour this conversion price and so a scheme was concocted where fresh equity capital would come in at the 5p level to repay the convertible loan under the ruse that the convertible capital was not acceptable Tier 1 reg cap (irony being that if they had converted into equity it would have been!). How convenient! The Net effect was that GLIO and Sabet consolidated their control on the company by holding between them just over 80% of the shares as the subscription offer was largely exclusively to GLIO (how loud are the alarms bells ringing now?!!). Control was complete given that they now hold in excess of the key 75%+ threshold allowing them to pass special resolutions. Icing on the cake? In getting out of the onerous conversion terms by moving the equity conversion “in” price from 27p to 5p, (in effect the repayment from one hand to the other by GLIO to itself but gaining control) this also incurred a 10% commission in stock! I ask again, where were AIM regulation in this and the NED’s? The record seen here is truly an example of how it is “caveat emptor” at this end of the stock market. We would argue there is more protection on the pink sheets in the US or at least investors know what they are getting into there! So, we wind up with the shares having slumped to a level where investors felt that it could not go any lower. However, we had not counted on the depths that Sabet and his Board would sink in their total disregard of minorities - the move to NEX. I have scratched my head just why he would do this as opposed to simply taking the company private. I believe that the much lighter regulatory environment will allow the partners to carry out no doubt another capital raising (probably at a slightly higher price than the current stock price to try and minimise a large minority take up) and thus dilute the minorities further. Only at this point will the company then most likely be taken private and a “squeeze out” invoked once they are over the 90% threshold. Take under complete and with gusto I may say! I have learnt lessons here, namely that when there is a major shareholder with a “reputation221; that lands on the register and proceeds with related party transactions, inordinate dilutions which are de facto “take unders” and in the face of a declining stock price takes out ever increasing sums that you should sell at the first opportunity. Mr Sabet – do the decent thing and pay your long suffering minorities a decent premium to the NAV in taking London Capital private and bring this sorry episode to and end before you do your reputation any more damage (not sure how much lower it can go!).
kenny
27/12/2017
14:18
I've sold out today to take the loss and move on. Good luck. Remember though...you can't do a good deal with a bad person. Moral of this sad story. I'm sure the minority holder will eventually do well, but they are not the sharing kind!
topvest
24/12/2017
17:45
Its irrelevant whether there is cash or not when management have no intention of letting minority holders anywhere near it. Suggest you stay away. You can't do a good deal with a bad person.
topvest
23/12/2017
22:20
Ive had this on my radar for the past year, but did not even dip a toe in. What sort of cash has this crowd of bufoons got? That is the only attraction when a devious management are at the helm. What is the premium to cash! If in debt dont touch it.
escapetohome
22/12/2017
13:30
They are a very underhand management team in my view. Unbelievable that they can get away with saying that the shares are still traded on AIM and then announce they are cancelling the listing 8 days later and less than an hour before Christmas. Does anyone have a good word to say about them?...They are a bunch of low lives in my view...but we knew that really anyway didn't we? We all just held on in the vague hope that a miracle would happen and this would turnaround. Personally, I would rather take the capital loss now as at least I might be able to use that and I am wasting time continuing to watch this rubbish. I was thinking of it anyway, as I haven't got many capital losses that you can crystallise at this point in the cycle. You can't do a good deal with a bad person to roughly quote Mr Warren Buffett. How true that is. All the way along Mr Sabet has been attempting to take the company private on the cheap...... from the ridiculously complex financing structure which was a massive red flag.... to the related party transactions.... to the very poor investor relations. It's been one long slow car crash! Let me wonder who is going to be hoovering up the shares at 0.5p now over the next few weeks....any guesses?
topvest
22/12/2017
13:19
Aleman, can they still be held and traded within a SIPP I wonder?
mrphil
22/12/2017
13:00
Didn't manage to sell anyway as market closed now and price in freefall. Management are a greedy bunch. There probably is some value here at some point. It's only ever been about losing 90% or 100% of your investment here anyway since this bunch took the helm. Was a reasonable company at one time!
topvest
22/12/2017
12:22
Can't see any point in selling so will have to trade on NEX - It seems that way with management - The last RNS looked like it would stay on AIM - So that is very disappointing although my stake here is relative -
tomboyb
22/12/2017
12:16
There you go. Management can't be trusted here. Absolute proof when they announce at such a time. They have wrecked this company. I'm going to bag the capital loss as will never be worth anything. You can't do a good deal with a bad person. There are some bad people running this company in my view.
topvest
15/12/2017
06:52
But for how long will it stay on AIM though I wonder?
gheebee
13/12/2017
16:24
Will be on the NEX markets and in the RNS remain on the AIM market - Needs some news as it is at all time lows -
tomboyb
13/12/2017
08:14
They've expanded to NEX - If it was a delisting i would imagine NEX would not be on their targets -
tomboyb
13/12/2017
07:53
Today's RNS, with its reported loss hidden away in it, looks to be a precursor to delisting from AIM. They have also used old CVs for the directors with no mention of Poncet being let go at CMS, Chapman going down with Oxygen on insolvency and Lee presiding over NEW delisting from AIM. Poor show all round.
gheebee
12/12/2017
13:12
I think one area where LCG can add to is the potential trading of cryto's - Etoro bitfinex etc - The blockchain is certainly one new area where LCG can look towards -
tomboyb
12/12/2017
12:47
Managed to pick up a few this morning - Not showing but bought on share price weakness -
tomboyb
25/10/2017
16:44
VIX now 13+. Some very mixed news coming through in Q3 US earnings season.
aleman
25/10/2017
15:25
Volatility looks to be picking up again. VIX 12 and rising. I could see H2 being better than H1.
aleman
05/10/2017
11:29
thenighthawk - how much does Blue Horseshoe love London Capital Group?
dusseldorf
03/10/2017
07:08
Actually LCG has employed a German country manager and is explanding elsewhere. That´s a good sign. Business expansion means they are looking for revenue generation in other geographical areas and not focusing anymore on highly competitive UK market. Margins in NON UK markets are far, far better, too! A little bird is telling me that huge business is coming in from the instiutional side.... Stay tuned, I think this stock will be a rocket star!
thenighthawk
28/9/2017
20:20
Results showed a glimmer of light at the end of the tunnel. Increased volatility would no doubt bring them into profit pretty quickly. Still a basket case for me, but chance of some recovery so why sell?
topvest
28/9/2017
11:13
LCG has been awarded Best Forex Fundamental Analysis Provider at the UK Forex Awards 2017. https://twitter.com/LCGTrading/status/913360480617590784
brotherhumble
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V: D:20180122 16:32:55