Plus Markets Group Share Discussion Threads

[squirrel888] 18/5/2013 11:34

OT,
Trouble is they think they're invincible. UKIP and the general public are turning the tide though. When too many are kept "out of the loop" the masses will revolt. Tory's are toast and for what .....to keep financial criminals in business & get folk hooked on gambling, whilst destroying true value.

UKIP have a real chance & the old boys clubs know it. Watch for the in fighting & all it will take is a couple of whistleblowers & Camie's days are over, taking with him ICAP chiefs & soldiers down into the abyss.

AIM needs saving not destroying. There has to be competition, otherwise ISDX will monopolise & rip off SMEs. Cameron chose the wrong economic bed partner. It all stinks & it's not even rocket science.

Meglamaniacs.

[old thumper] 17/5/2013 16:50

squirrel,

"Cameron did all this with his ICAP buddy"

No doubt why my two Emails to number 10 were ignored. I thought I was helping him out by saving bad press but he's in it himself.

[squirrel888] 17/5/2013 16:01

Looks like AIM will be next.

This isdx looks like its going to be the new sme exchange. Cameron did all this with his ICAP buddy. The most destructive political & economic behaviour.

All going unchecked.

No bankers saying anything.
No MSM saying anything.

Biggest grand theft of our modern times.

[old thumper] 15/5/2013 14:46

Sorry read "harry&squirrel"

[old thumper] 15/5/2013 14:44

harry,

No doubt this has been covered before but I was thinking about the Polemos name and the recent 3dr name change to "Afriag". Clearly Afriag describes the business so why wasn't Plus changed to "Afrioil"? And reading the recent finals settling old scores is still high on their list.

[squirrel888] 15/5/2013 14:12

Harry,

You around?

If so bit of an issue arising with some AYM shares purchased yesterday not showing up as trades anywhere. Another poster over there kindly posted ISDX trades. Then another asks why weren't shareholders informed that AYM who were previously listed on plus, are now listed on isdx & being traded there.

Legitimate question I'd have thought. Everything was so quick & roughshod, I shouldn't be surprised if any plus company got a proper announcement or explanation. Icap = I Can Anger People.

Still if they haven't followed the rules, just add it to the list!

[harry f] 09/5/2013 10:24

OT

I largely agree with that.

[squirrel888] 09/5/2013 10:15

OT,

Yes - I read something a few years back about a big repatriation programme for African countries - to encourage the grass roots and get those educated in the west back "home" to continue and spreading that education. Which would make sense if they are sitting on the largest resources on the planet. Alot of construction will be required too?

[old thumper] 09/5/2013 10:04

squirrel,

Read a book on the African oil industry recently, I didn't know that the USA gets more oil from West Africa than the Middle East and the whole industry is run by people who know people and backhanders! So we know someone who's know and we seem to have one!

Can't remember the Tanzania reference.

harry,

Don't worry about dilution too much as the BoD is there on Bruce's word I'd guess. So they aren't going to upset the biggest shareholder, hence I feel fairly safe.

[harry f] 09/5/2013 09:42

OT

I get your point, I was just trying to "fit the company to the investment".

For SOLO imo that looks a good deal for SOLO shareholders, as was the LGO debt facility announced last week for LGO shareholders.

The investments fit the companies well imo.

It appears to me as though Lenigas has a good stream of deals and is actively looking for others and that for us can be good in the long term dependent upon events.

I believe for us at the present time the share's in issue need keeping a lid on to some degree. I have no problem personally with mild dilution to incentivise the BoD but I don't want it to evolve into placings and full scale dilution, none of us do.

At the end of the day each share atm is not only 1/400million share in the future, but also a 1/400million share in the past.

[squirrel888] 09/5/2013 09:37

OT - from my little knowledge there are some high rollers who are sniffing around Tanzania - did someone mention that Lenigas has knowledge of that area? It's just if big money went in there it would most definately be seen as a "sure thing" with future prospects.

[old thumper] 09/5/2013 09:33

harry,

I agree that no one wants a issue but for that sort of money we have anyway.

But the reason of my post was really just to show Lenigas is out and about in Africa

[squirrel888] 09/5/2013 09:25

That might get rid of the speculators too and allow this to sit quietly for a time, so that long-term investors who have been here a while, can continue to hold and hope for a brighter future and outcome.

After that any "surprise" RNS's would be welcomed no doubt.

[harry f] 09/5/2013 09:08

OT

I kinda hope not really. On those terms anyway.

I think for SOLO shareholders it looks a good deal, the market doesn't seem to see it that way because they'll see Lenigas' name with dilution but in context it looks good to me. 60mill extra shares issued at the current share price on the back of the existing 4billion shares in issue is minimal dilution.

If that was us funding to the same levels with a placing price of 0.2 it would mean 150million extra shares to raise £300k, not something personally that i'd want and I don't think you would too.

Imo for PLMO shareholders your "Buy 1 BP share" is the best option I can think of at the current time.

[old thumper] 09/5/2013 07:15

harry,

I see Lenigas is having a buying spree, one day it will be for Polemos,

[harry f] 07/5/2013 16:16

LOL

I'm not saying anything OT. However, would it surprise me? Not one bit.

GMEX etc to me just appears to be a greater Forum TS, same people involved at the same registered address. The same people Cyril et al thought it was a good idea to sell TS to for £281,250 in an aggregated transaction.

Personally I'd have liked it to be retained, as I'm sure you would.

Furthermore I'd have liked it if they told me TS had signed a contract with Icap before TS was sold. In time it will be interesting to hear why this price sensitive information was not disclosed.

FCA authorisation is taking a while don't you think. I know it was publicised they've fallen behind recently with 19 weeks average approval time but surely we must be well beyond that by now?

#4780 - I don't know how accurate the £1m is but sounds plausible to me. It was well reported around that figure at the time of the sale.

[old thumper] 07/5/2013 16:05

harry,

Are you saying CT works for them? Mugs!

WRT 4780, Yes I did consider to add all the numbers to come up with £1m but couldn't equate Wyvern with Legal Costs but perhaps I should had.

[harry f] 07/5/2013 15:25

Cyril looks to be back into what he does best. This from his linkedin summary:

"Currently advising on the launch of a MTF. This includes market research, business plan, corporate governance, market infrastructure, authorisation and impact of legislation: the Retail Distribution Review ("RDR") and Undertakings for Collective Investment Transferable Securities ("UCIT")."

Won't be here will it, nah, can't be. Would be silly to think such a thing.

[harry f] 07/5/2013 09:54

OT

And with respect to your #4776. I can't see any detail regarding this apart from what's been disclosed before and replicated in this. You will see a "Legal" fee of £682k though, as well as a host of other fees.

To me I wouldn't expect £1m is that wide of the mark. I read somewhere that S J Berwin were involved too but Wyvern seemed to be the major players.

[harry f] 07/5/2013 09:45

OT

Agree totally. Like I've said so many times an investment of that type may end up being the wisest investment of all.

It looks to me that the going forward that as the RNS says "The company has minimal contractual expenditure...." seems accurate.

Strang and Harris both took £12k in the half year they've been in (Note 7)

Operating lease commitments seem to be £11k per year (Note 19)

Marlin (Harris a director) seems to have taken £48k but I expect this would be for cleaning up the shell and investigating, etc (Note 20). This could well drop off or reduce a fair amount.

The fees to Harris and Strang could well have been pre options being issued so could well have dropped off now (consideration in shares in lieu of cash)

Then we have the cost of retaining the listing, plus anything Lenigas is charging us.

[old thumper] 07/5/2013 09:03

harry,

We'll be here in 12 months no question to it.

As to the June investment deadline I spotted the below comment, which to me means they could buy 1 BP share in order to fill the requirement

"In the short term, the Company may look to make investments in listed securities with high levels of liquidity within the natural resources sector"

[harry f] 07/5/2013 08:27

OT

It all looks a bit weird to me.

What is surprising is that nobody seems to want to quote the RNS in anyway, it's just like investors skim read the RNS, didn't really understand what it was all about so carried on as before.

For instance nobody has even quoted this:

"Going Concern

It is the prime responsibility of the Board to ensure the Company remains a going concern. At 31 December 2012 the Company had cash and cash equivalents of £896,000 and no borrowings. The Company has minimal contractual expenditure commitments and the Board considers the present funds sufficient to maintain the working capital of the Company for a period of at least 12 months from the date of signing the Annual Report and Financial Statements. For these reasons the Directors adopt the going concern basis in the preparation of the Financial Statements."

...so it looks like there's no reason to believe we won't be around at this time next year.

[old thumper] 02/5/2013 18:20

harry,

Yes there's a lot to be taken in and as you say another RNS with good news now the new management are firmly in place.

One more point in today's Results is in the Project Chardonnay Fees I didn't see the famous £1m fee for Wyvern, i see a £370k unless their fee's were split over several sectors.

[harry f] 02/5/2013 17:25

It was the weather for a nice walk, got a bit stuck inside recently and had a big hangover to walk off. I think if I saw anything in my skim read of the accounts that stood out I'd have looked in more detail. like I said I'll have a better look at some stage.

I don't believe it's a horror story by any means, far from it. Just a matter of spending more money than I personally had anticipated. However how the market interpreted this I believe was all wrong. Maybe recent posting focus (and I'm guilty of this too!) of stating what the residual cash position is makes investors think this is highly relevant and in some way the share price is wholly proportional to this. In actual fact I believe cash is more of a "comfort buffer" worst case scenario.

Now we could say cash reported today is 20%-30% below market expectations so the share price falls correspondingly, at first it appears correct. But then look at other shells, for example 3DR, now AfriAg.

Last week they reported £172k cash balance at 31/12, yet their valued at mid price at £2.25m.

We report £772k cash balance at 31/12 a week later and our valuation at mid price today is approx. £1.04m.

So we're still somewhere around 10 times undervalued on a cash basis vs AfriAg ..... we have more than 4 times the cash yet under half the market cap.

It's still all wrong. Just think.... had AfriAg reported double the cash they did would the share price be double what it is? I think not. It's not dependent upon cash, but in our case the market acted as though it was.

I just hold myself, I haven't sold any at all yet on the rises, no need to. I bought heavily at the right price and just hold. If it goes up and down in between real news I don't care. As you can tell though I don't have time for fools, the clown the other day should have just turned up at 9am saying he was in deramp mode rather than wasting a day.


I agree with your #4774 rationale but not sure the final results is the place for such things. However I did think there was a material piece of information that should have been included, as it hasn't been (caveat - as I have said I've only skim read the accounts at this stage) then I trust the directors are working in our best interests by not disclosing this at the current time.

Small chance I know but I'd love to see a nice juicy late/ early RNS here just to blow all todays sellers out of the water. It would be great timing.