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Share Name Share Symbol Market Type Share ISIN Share Description
Origo LSE:OPP London Ordinary Share IM00B1G3MS12 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.275p 0.25p 0.30p 0.275p 0.275p 0.275p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -10.0 -2.8 - 0.99

Origo Share Discussion Threads

Showing 1001 to 1025 of 1025 messages
Chat Pages: 41  40  39  38  37  36  35  34  33  32  31  30  Older
DateSubjectAuthorDiscuss
12/12/2018
16:31
Always the case when investing in the market tho eh although I really don't see that happening here........... Fingers crossed for us anyways. I'll be buying some more in the new year if we haven't heard anything. Catch you when the news is out.
oxs
12/12/2018
11:35
I was being cynical... The current management could sell the whole thing off cheaply to their mates, after kitchen sinking all the "bad news"...
zcaprd7
11/12/2018
03:20
"Management have guided shareholders as to what return they might expect, and St Peter Port has discounted this considerably" Even clearly stated how much shareholders should expect from any sale, not the wisest move unless you intend on paying up.
oxs
11/12/2018
03:11
Why would Celadon bother reporting to OPP & SPPC in the last 5 months ? having clearly mentioned to SPPC previously how much to expect for the asset (of which they marked it down considerably) if their intentions was, as you say to rip us off at the last minute ? That makes little to no sense whatsoever... SPPC had pretty much written it off & yet.. ""Celadon, a company which St Peter Port has previously written down to zero, recently reported to its shareholders that it had signed a deal to sell its main asset for a significant sum." Why would they... they culd have slipped out the backdoor without anyone even noticing as these guys had already written it down to 0 ... no logic in it. Our management / new board as much as their intentions seem to be clearly genuine... don't think they have a clue when it comes to the holdings, take the farm for example... in the most recent results they refer to finding out what happened t it as they didn't know, something a very quick google search clearly shows it wen't bust... Just because 70% of the holdings have proven to be a write off, doesn't automatically make the other 30% so & to me this seems to be the stance the mgmt have taken, very very cautious.. and even so, not written down to 0. It is without a risky play, its on the more speculative side of things but could offer 1000% upside, a punt worth taking, imo. We'll see i hope so for both of our sakes.
oxs
10/12/2018
14:38
Yes, indeed, but the thrust of their argument is that there are little/no legal rights, and the money has been frittered away.A state owned, Chinese company can claim its owed some money (and maybe it is) and then nab the whole lot...
zcaprd7
10/12/2018
12:12
Personally Zcaprd I think it is clear to see that the new management are things: 1. Very stringent, they are clearly being very cautious 2. They don't actually know a lot about the company, its in a mess and have only been invlved for in most cases less than 12 months. Their comment of "Clearly holds intrinsic value" is hardly saying that this is all worthless ?? however they are clearly happy to keep the current valuation on Celadon until any value is proven & in the bank... Their stance doesn't have any baring on the amount Celadon is worth infact it has absolutely nothing to do with what someone is willing to pay for a mine of this size.
oxs
10/12/2018
02:36
I wish I could believe it - why are we being fed a "this is all worthless" line by the new BOD though?
zcaprd7
04/12/2018
18:16
zcaprd - It is all relevant... Its at a 20/80 split in favor of the Prefs ... so this means, say for arguments sake they distributed $5m to shareholders, the ords would be entitled to $1m which is the equivalent to around 0.2p $10m = 0.4 & $15m 0.6 or 100% up from todays share price (Bare in mind that the PREF's market cap is $6.5m which actually makes the Ordinary shares far better value to purchase from these levels) It gets interesting after the first $15m has been distributed as then it is at a 56/44% split in favor to ords... So for every $10m split after the $15m has been returned it would be $5.6m to the ordinary shareholders which at todays conversion is £4.4m or 1.4p on to the share price. Granted there are no guarantees that we will see over $15m distributed however I do think there is good evidence to suggest we may well do. Take Celadon mining of which we own 9% of as an example. Holding a 1.1b ton asset with a 6MT per year mining licence... China's biggest mine in Mongolia and is the second biggest mine in the world has a resource of 1.7MT... Rio tinto has sold manies of smaller resource size then Celadons mine in the past for upwards of $1b. I refer to the results on SPPC may 2017:: "Celadon owns two coal projects in Inner Mongolia. Although management are committed to delivering a return to shareholders through the sale of these assets, this is proving extremely difficult. Management have guided shareholders as to what return they might expect, and St Peter Port has discounted this considerably" The asset was written on SPPC's books in these results at £2m ... this is a "considerable discount" 6MT of Coal is worth around $600b per year to the buyer. Average cost price for coal extraction in china is around 50% ... So lets.. for arguments sake take a sale price of $500m ... it would take less than 2 years to pay off the asset which at 1.1b tons and 6mt extraction a year has a mine life of over 100 years. Negotiations have been going on a long time... originally to a state owned company which fell through due to the paris agreement and since opened up with another potential buyer. From the most recent SPPC results:: "Celadon, a company which St Peter Port has previously written down to zero, recently reported to its shareholders that it had signed a deal to sell its main asset for a significant sum. However, this sale is conditional on, amongst other things, the proposed purchaser obtaining finance over the next twelve months. We will continue to monitor events and, should a deal be completed, St Peter Port may have to adjust its NAV." & from OPP's most recent results:: "Celadon Mining Ltd. There have been reports of positive developments in connection with the controlling shareholder's efforts to monetize Celadon's assets, but we have received these sorts of positive reports before - note for example the representation in Origo's 2015 Annual Report that "[a]fter an active sales process during the second half of the year, Celadon entered into a Letter of Intent for the sale of Chang Tan West in November 2015 with a large Chinese state-owned enterprise." The truth of the matter is that we as minority shareholders in this privately held enterprise have no visibility into any negotiations to sell Celadon's assets and have never seen any letter of intent. On the other hand, the underlying assets appear to have intrinsic value. We consequently maintain the Celadon valuation at US$4.48 million, the same as period end 2017." What is a significant sum & Intrinsic value ? All we can do is speculate and this is no doubt where our wider research comes into play. They bought 22% of the asset for $44m taking this valuation and multiplying it by our now 100% interest would give us around $170m adding around $13m to our NAV which is currently $14m giving us a share price of around 2.5p As far as i can tell "Lawrence Lou" who was the CEO of Westpac china an Australian company that sold in 2017 for just shy of $500m joined Celadon in 2015 as the CFO... This man is high caliber and quite clearly has involvement within the Chinese mining sector... CFO's are often brought onboard which acquisitions and sales take place... and someone of this caliber would only be brought in if the sale was of a substantial amount. As far as I am concerned the writing is clearly on the wall it is just a matter of time & I do expect the asset will sold for far more than the $44m equivalent it is written on our books at.
oxs
03/12/2018
22:34
Opp have the 4m in cash, but the redistribution between the ordinary and the preference shares is the problem...
zcaprd7
03/12/2018
18:58
Who have OPP or Celadon ?
oxs
03/12/2018
01:29
Is it... They have about $4m in cash as well.
zcaprd7
30/11/2018
13:25
Celadon is our ticket to rise.
oxs
27/11/2018
08:15
Yes, I saw that, they obviously think not all is lost...
zcaprd7
23/11/2018
13:27
Interesting to see Armstrong upping their stake.... Still reckon we will get a 7-9 bag on these from this level.... when is the 7 bag question.
oxs
13/11/2018
14:24
St Peter Port has not written down any of its investments during the period under review. Celadon, a company which St Peter Port has previously written down to zero, recently reported to its shareholders that it had signed a deal to sell its main asset for a significant sum. However, this sale is conditional on, amongst other things, the proposed purchaser obtaining finance over the next twelve months. We will continue to monitor events and, should a deal be completed, St Peter Port may have to adjust its NAV.
zcaprd7
11/10/2018
15:09
The long sufferering shareholders I suppose...
zcaprd7
11/10/2018
04:23
& who is going to pay the legal fees.
russman
10/10/2018
18:03
Prefs finally dropped...
zcaprd7
29/9/2018
01:39
Entertaining stuff as always from the chairman...
zcaprd7
14/9/2018
14:16
Hard to say, yes, it's a fraud, some of us here reckon 1p a share perhaps... Maybe more if the previous directors are properly held to account?
zcaprd7
13/9/2018
21:14
I bought into this 3 years ago. Just a small punt of just few hundreds ££. My fault, I didn't research much into it as I thought only putting in few hundreds £. Reading the recent chairman report I'm shocked of so much money (investors/shareholders') gone into this and all come to nothing or almost. Did the previous not make thorough diligence into the investments they investing as they must be responsible on how they handle shareholders' money or they're part of this scam. Not only a £m but sounds like £billion altogether in so many places. Maybe one bad investment decision & losses on one investment but OMG all (except maybe one can be saved) investments evaporated! - definitely a Ponzi scheme. Are the directors not held liable or the FCA/ government get involve here? Anyone thinking there's can be some money to be salvaged for the shareholders? Or the share price might go up a little more and buying at this price might have chance of getting some money back? I really feel for those who bought in earlier days and got more invested in.
happyyoshie
13/9/2018
20:33
Did you have another nibble?
zcaprd7
25/8/2018
13:16
I doubt it'll be wrapped up by November. Seems most likely they will get an extension. HY results out soon & I'm sure we'll get more clarity across the board.
oxs
24/8/2018
15:31
Well, if I was a suspicious man, I'd say there was a bit of kitchen sinking going on, followed by a "we'll take it off your hands for 1p" type of offer.Either way, they seem intent in wrapping things up by November, which is why I held...
zcaprd7
24/8/2018
14:51
Well it wouldn't surprise me if it got there & given if an RNS is upbeat very few people will be aware of the NDPS's so it may well overshoot its real value.... I've been buying for the last week and will continue to do so, interims arn't all that far away, the Chairmans comments will be an interesting read. Note the 1m buys when the board were in China beginning of July. Time will tell eh.
oxs
Chat Pages: 41  40  39  38  37  36  35  34  33  32  31  30  Older
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P: V: D:20181217 16:22:27