Share Name Share Symbol Market Type Share ISIN Share Description
Sefton Res. LSE:SER London Ordinary Share VGG7996N1298 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.015p 0.00p 0.00p - - - 0 06:42:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.1 -0.7 - 0.72

Sefton Resources Share Discussion Threads

Showing 77201 to 77221 of 77225 messages
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DateSubjectAuthorDiscuss
15/7/2017
11:48
A Sefton NED sounding off; hTTp://californiajoe.co.uk/shame-on-aim-some-of-the-scoundrels-taking-your-cash The irony, oh the irony!
cyan
14/7/2017
13:28
Hi chatter1 You can keep up to date with SER 'developments' here; hTTp://www.seftonresources.com/news/pressreleases/default.aspx Been years since audited accounts and way overdue for an AGM which , according to the companies articles of association should not exceed 15 months between meetings.
cyan
13/7/2017
15:16
Subscribe to the California Joe blog! He's a director you know, even after supporting previous management! You can't really make this stuff up.....oh they just did.
andy
13/7/2017
11:37
how can i get news about this etc none even tho i am a big shareholder. wot r they up to?
chatter1
03/7/2017
16:28
California Joe a director of Sefton lol? Whatever next?
seftonsaved
20/4/2017
17:17
I don't want to spend too much time on this as I have no interest at all bar the curiosity that remains in the car crash that this has been over the years..... ...... but 5 minutes based on rough numbers worked from what's been published show the following could happen without the company doing anything at all apart from going forward with the share transactions that we have been advised are under consideration: (A) Before the BMD loan Cash presumed to be £94,000 Shares in issue advised to be 4,796,620,000 Cash value per share = 0.00196p per share (B) After BMD loan Cash = £144,000 BMD Loan £50,000 Net cash = £94,000 Shares in issue = 6,449,299,416 NAV* per share = 0.001458p per share Loss per share from (A) 24.6% *Assuming no value in any other asset the company holds (C) After directors' fees Directors' annual fees assumed at an average of £10,000 for 7 directors all to be settled in stock Total cash value of directors' fees £70,000 Discount assumed on NAV for accepting settlement in stock 10% Share issue price from (B) less settlement discount = 0.00131p per share Shares to be issued in settlement of 1st year directors' fees = 5,336,299,753 Cash = £144,000 BMD Loan £50,000 Net cash = £94,000 Total shares in issue after settlement of 1st year directors' fees = 11,785,599,169 NAV per share = 0.000798p per share Loss per share from (A) 59.3% (D) After Proposed commercial loan Proposed loan = £250,000 Arrangement fee 10% Cash value of arrangement fee £25,000 Discount assumed on NAV for accepting settlement in stock 10% Share issue price from (C) less settlement discount = 0.00072p per share Shares to be issued in settlement of arrangmement fee = 3,482,742,071 Cash = £394,000 BMD Loan £50,000 Commercial loan £250,000 Net cash = £94,000 Total shares in issue after settlement of loan arrangement fees = 15,268,341,240 NAV per share = 0.000616p per share Loss per share from (A) 68.6% Not saying this is what is happening but its certainly not inconceivable, although it does seem to be an awful lot of trouble to be going to for not very much return, unless of course there really is something to be had from the Ellerton lawsuit. Good luck.
tomrob
19/4/2017
18:42
"Cyan, perhaps there is plenty of cash," No, there is not 'plenty'. The updates are worth reading for a few facts; "Sefton Resources Progress Update 14 March 2017 3/ The net cash balance of Sefton Resources has risen to £144,000." There has obviously been some difficulties since this tiny cash balance was stated, otherwise there would not have been the necessity for the 'loan' Its what was not said that concerns. This is an extract from an earlier update; "Sefton Resources Update. 21st February 2017. Finance Sefton are currently in negotiations regarding a secured loan of up to £250,000. If terms can be agreed the loan will carry a 10% coupon with a 10% arrangement fee which will be paid in stock. This is subject to full board approval." ================================================================================== Have the negotiations progressed successfully or has the deal fallen through?
cyan
19/4/2017
09:24
I'm certain they have a master plan...
jfishy55
19/4/2017
09:04
To bring in 5 new directors, they must mean business and must have a master plan and investments ready to go. A similar scenario is being played out at Worthington (WRN).
tann93
19/4/2017
08:23
Andy, I wasn't thinking they would pay for the shares in idea 3! (See (4) that cyan quoted wrt shares being issued). However, why not just pay the new directors? As ever, there seems to be more than meets the eye in this ongoing saga! Cyan, perhaps there is plenty of cash, if so, I would be happy to receive 15% interest on a loan I could call back at any time (E.g. If the cash pile was to get lower).
jfishy55
18/4/2017
10:04
From the release, extract; Loan note "2/ To cover projected ongoing legal and administration costs, Sefton has entered a loan agreement with The Chief Executive Officer Mr Daniel Levi. Mr Levi has agreed to provide £50,000 via a Secured Loan Note. The Note will carry a 15% coupon with a 10% arrangement fee. Mr Levi has the option to call in the note or any portion of the outstanding note at any time or convert to stock any portion of the Loan Note that takes his holding up to 29.9% of the Company at the current net cash value per share." From this it is clear that the insurance issues regarding the on going legal costs are denuding the little remaining cash fast. The loan note is effectively emergency funding. It does not appear there is any spare cash to buy anything. They are literally struggling to keep the lights on. Item 4 is crazy. Taking on FIVE new directors!!! Why? There is not a business to run; "4/ Sefton are pleased to announce that as per its investing strategy, five (5) new directors will be joining the Company. Stock will be issued to each director as per the cash conservation policy. All director’s expenses will not be borne by the Company"
cyan
18/4/2017
08:43
jfishy, I don't see it has much cash so #1 is unlikely IMO. #2 looks more likely, IMO. #3 looks a total non starter, directors don't normally put their own cash in and then distribute it to shareholders! The market works the other way around! #4 Very possible, but only combined with point # 2!
andy
18/4/2017
08:39
Just in my opinion, here are some possibilities I think could possibly happen going forward: 1) company uses its cash to buy assets that it plans to make a profit from? 2) company issues more shares to raise capital to buy assets that it plans to make a profit from? 3) company issues more shares to directors massively diluting existing shareholders, decides it cannot find any assets & so will distribute the remaining cash to shareholders? 4) company pays a third party to find some assets that can be used to make a profit? Perhaps this happens, perhaps company runs out of cash before it happens. Perhaps followed by number 2? Or perhaps there are other options I have not thought of? And so the soap opera continues!
jfishy55
16/4/2017
21:43
There is an April update on the companies web site; I can not see any good news in the release. More confetti has been issued. Mr Barnes now owns 5% of the shares and Mr Levi 21.4% The number of shares in issue is now 6,449,299,416. Previously 4,796,620,000 More dilution. You can read all from the link on the company's web site; hTTp://www.seftonresources.com/
cyan
13/4/2017
13:51
I am going to hang on as whatever happens it is still peanuts to my investment. What price financial probity.....?
chatter1
13/4/2017
12:59
Good afternoon chatter1. The SER story is fascinating and , incredibly, goes on and on with BMD talking up big plans to revive this 'dead duck'. I hear he has been offering to buy shares off holders. I seem to have read somewhere that he was offering £14 per million. I stand to be corrected. My value calculation is that the shares are worth twice that; £28 per million. That is based on the declared cash of £130k. It excludes the lien on ELLERTON's house which, in theory, could double the 'value' to £56 per million. If people accept £14 per million then, on later liquidation, BMD could double his money. However, BMD states he has revival plans. We will just have to wait and see what, if anything, materialises . The question of AIM listing was raised. High hurdles at great cost will have to be jumped. These include a competent management team with a credible plan. At least one years working capital is required too. Also a minimum capitalisation is required; I quote the rules; Market capitalisation ...................................................................................................... (1) The expected aggregate market value of all securities (excluding treasury shares) to be listed must be at least: (a) £700,000 for shares; and (b) £200,000 for debt securities. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
cyan
13/4/2017
12:31
don't know why there is any chat here about a company that is near terminal, or at the best has very few assets and has lost its best one - its AIM quote. As millions of shares appear to have a microscopic value hardly worth the value of the paper the shares are written on..........so why the heat?
chatter1
12/4/2017
17:14
NEX maybe? Or the dreaded Frankfurt open Market....
andy
12/4/2017
16:10
Not with BMD in the 'driving seat'. Will have to be one hell of a turnaround and with clean hands at the wheel. Frankly, highly unlikely; the costs are huge.
cyan
12/4/2017
16:03
Presumably this company will have to relist on AIM.
uknighted
12/4/2017
15:20
The cheerleader is back; Chris Bailey‏ @CaliforniaJoe01 Apr 10 ⦁ Take a ride with Mr.Hyde! ⦁ hTTp://californiajoe.co.uk/blog ================================================== Haven't SER holders already been taken for a disastrous ride by BMD aka Mr Hyde? hTTp://californiajoe.co.uk/sefton-summary extract; "With various 'unsavories' doing their best to disrupt the process, the road ahead may be littered with bodies but who better to see these people off than Dan Levi, a man that doesn't suffer fools lightly!" +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Whose bodies?
cyan
Chat Pages: 3089  3088  3087  3086  3085  3084  3083  3082  3081  3080  3079  3078  Older
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