3 buys and a sell? I suppose it is by SEA standards... |
Veritable buying frenzy this morning, maybe bones has had a change of heart. |
Reesy... I've experienced Yorkville in the past.....they're not very nice people. |
IF the results are poor, lets hope they release other news to provide some balance ;-) |
We have been promised the Interim Results for the half year ended 30th June
"early" in September.
I presume that means within the next few days?
Why it takes "them" so long to add up our miniscule numbers is quite beyond me.
They are certainly, more than, well paid for their endeavours. |
Someone with a better memory than mine might be able to explain Cantor's and Lanstead
I remember SEA had money off them and in turn they screwed us blind taking shares, shorting them and selling them down so we needed more from them and rinse and repeat.
Seem to remember a similar thing happening to XEL where they got screwed over by Yorkville amongst others.
Just wondering if we're going to see history repeat itself. |
CHECK OUT BOWLEVEN |
Ron obviously recently it has traded at three times but yes I think both have raced far too high in the last few years and on unjustified earnings etc . For me though the USA shares have performed better compared to uk ones and their economy looks far stronger than ours does currently . Either way I have the ftse earmarked for a trip to below 5000 in the coming 12 months and possibly as low as 4500 .
As we all know the market goes in waves and this certainly looks to be the start of the bear run . Confidence is badly shaken and not much pisitives around . Money will start trickling out the markets and the falls keep coming imo . |
Sorry, bones, but that's a bit strong even for you.
At the beginning of 2006, the DOW was approx. 11000 and the FTSE was 5750.
At the beginning of 2011, the DOW was approx 11750 and the FTSE was 6000.
The FTSE historically reads around 1/2 (or just above) of the DOW. It's only since 2011 that the DOW has raced ahead, purely because of the amount of money printing indulged in by the septics.
It's the DOW that is far too high NOT the FTSE. Having said that, the adage still holds true that when america sneezes, the world catches a cold. If the DOW tanks (which in my view it has to at some point), then so will the FTSE, but imho by not as much. |
When it's that or bust they do it every time tbh that's not really an issue . The hard part is finding someone willing to back it in this climate . Institutions get greedy and want bigger discounts to take it on etc depending on how much they want to raise could well determine the discount . Markets not looking good again still think we will see under 5000 on the ftse in the coming months . The chart just looks nailed on now tbh and news on China etc not robust enough to support it .
The ftse usually reads 1/3rd of the Dow index and judging by the fact the USA economy looks half decent then the ftse is being held far too high currently and should be about 5500 now max plus that's before today's drop on the Dow .looks like another massacre out there |
Stockriser... I read on another board that AIM Rules frown upon trading below nominal value, so they could either go for Capital Restructuring, ie change the Nominal Value to 1p or less or possibly Consolidate the share, ie, 10 or 15 to 1. A placing below Nominal Value is a non starter.
There's one other possibility...come out with some positive news and increase the share price (however, sadly, that also looks like a non event) |
Thanks Digger - I bet Mr. Mahon would not be too happy! |
All they have to do is a share reorg. Drop par value to 1p and defer 9p. They do it all the time on AIM. It would of course need shareholders approval but that's just a formality as the big boys have already been compensated by forward selling and will out vote the PI's when called upon. |
Bones Re: 5p placing.
So how do we stand considering the rules below, and the fact that SEA's nominal value is 10p?
Is there a way to do a placing at 5p?
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A share will have a nominal or par value: 1p, 10p, £1 or any other sum in any currency. And it is an absolute rule that a share cannot be issued fully paid for anything less than its nominal value – that is, it cannot be issued at a discount. A company cannot issue a £1 share fully paid for 99p or less. A company thus has no ability to issue free shares (but it may buy shares in the market and give them as free shares to employees, say, as part of an incentive scheme). |
Looks like rumours of a placing at 5p might be doing the rounds , the market will start dropping it to that level in he coming weeks . Sad state of affairs .
Reesy I reckon gkp will do alright it's the rest of the minnows that won't survive these oil prices . Logp looks like no deals and will just sit and wait another year or two . Gkp is sat on a world class asset and the vultures are circling for sure . What price 9-15bn boo reserves ? That's why I think it's a bargain and time to buy it . Only risk is bond holder payments but I think they have those covered now and so it's down to oil recovering and if someone bids which I feel is the most likely . At this price it's a great oppurtunity to recover losses if things go well imo |
Evening Bones
Some genius on the GKP thread was bragging he'd put a short on the DAX this am
Must admit GKP look a better bet today than they have in a long time but still a long way to go, decent CPR in 2-3 weeks would get the ball rolling.
Amazing recovery in the DOW but as you say it kinda depends if it's a dead cat bounce, closing and staying above that trendline is crucial and I certainly wouldn't bet on it.
Interesting times ahead |
Reesy they never drop in straight lines so expecting the bounce but won't take much to see a few big drops now sentiment is so fragile . 30 year chart shows it pretty well next move is the telling one imo |
Remo now calling 13800 on the DOW (fib 38.2) followed by 11000 (fib 68) unless it gets back above that trendline PDQ
Would be interesting to come back in a year or two and see if history repeats itself |
Steve so have many others been over the years and they all got it wrong . Sr I don't think the current crash is anywhere near finished so as always it's picking the right time to buy at the lows which I don't believe we are at yet . I'd still stay away from aim though as 95% are scams so picking one to do well is a tough exercise . I recall the last big crash and you could buy quality companies for a fraction of the price in the ftse never mind aim , mining shares like xateata went up 15 times after , similar with arm and au. Etc these are the ones to buy in a dire market . Avoid aim shares at all costs imo , you can get lucky with a few but it's very long odds and simply not worth the risk when such gains can be made on quality conpanies. |
Pretty confident I'm going to make a lot of money on this one. Just have an investment horizon beyond the short term. |
 Well Bones, I certainly accept your apology. And, I think there is a lot of truth in what you say, but you have to admit, there is more "chance" of hitting a "success story" at the current levels than 2-3yrs ago.
I personally believe a lot of AIM Co's are scams, and only there to make money. Some of them only existing on paper, with no actual assets, or even a company building to operate from. However, SEA is a real business, with real people, and more importantly minimal debt. Not currently too happy with the bod, but you never know, they may shock us and pull something out of the hat ...lol
You're probably aware that I am also in PVR.... now then what about them ....well....
....What really goes on at times like this - SP's on companies such as PVR have been hammered just like they were in 2007-08. The real money is made by the big men (I won't call them II's), lets call them "Co. No1". They buy large amounts of stock at these levels (although we probably would not know that) - then there is a farm out to Co. No2, which just happens to be indirectly connected to Co. No.1. The share price then rerates and Co. No.1&2 (the same) have made much more money than what the farm out etc. will have cost.
So if you are getting in at these levels (and I appreciate that some are not, and feel for them), and you are patient, then you may well be very rich one day - as long as you remember to sell ;-)
AIMHO
GL SR |
Bones, I don't disagree with you, there may well be a placing - but (see below) ..... and we all know what happens when more QE is announced. There is certainly a reason why all these little AIM Co's have been dragged down to these levels - a lot of big (and I mean BIG) players have realised that there is more to be made from these tiddlers, than could ever be made on the main indices - especially now that the Gov has allowed them into ISA's, no stamp duty etc. etc...
So there are my thoughts - constructive criticism very welcome, but please don't call me a Muppet.
TIA & GL SR
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With QE Barely Under Way, Pressure Mounts on European Central Bank to Do More |
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