When this moves off AIM it will still be tradable on NEX via - my provider - Barclays Stockbrokers and many other providers too.. so I'm surprised at the post announcement complete collapse in s/p.. and this from an already incredibly low base imho... I topped up here at .70p thinking the fall was overdone.. but how wrong I was .. scary but I can't help thinking this might now even be a huge buying opportunity.. but clearly wtfdik.. so best I hold off topping up more i guess
AIM is a casino and stocks like this are for hard core gamblers.. and, as we're witnessing here you can of course lose all/effectivey all your bet on plays such as this.. that said you don't realise a loss or gain until you sell the position...and I'll not be selling my holding here even if it goes to zero...
results 6 weeks or so ago were minorly pogressive from an average previous basis imho.. so I think this is - very - slowly going in right direction and so i'm surprised by recent meaningful further weakness and so have done a small top up today and am open to doing one more top up if this goes beneath 1.5p.
if last years interim update date - end sept - is anything to go by... I just did a small top up here.. position remains small as this is highly speculative/dangerous - and think it wouldn't be that difficult for them to come up with improved results here imho.. and it's so lowly priced that even a half decent improvement should allow a meaningful re rate upwards here.. but wtfdik and dyor
"London Capital Group (LSE:LCG)Since we permitted advertising on our website, we've noticed LSE:LCG:London Capital feature prominently recently, so it's probable they've some sort of campaign going.Noticing they are listed on the stock exchange, ..."
" LONDON CAPITAL GROUP (LSE:LCG)Â Since we permitted advertising on our website, we've noticed London Capital feature prominently recently, so it's probable they've some sort of campaign going. Noticing they are 'listed' on the stock exchange, ..."
Apparently we survived the further plunge in the £ & may have even made a decent profit.There have been rumours of Sabet quitting but as the dominant shareholder I would have thought he would be difficult to dislodge,despite his apparent unpopularity.My small punt here a few months ago is a long way from profit but I remain confident that profit is a possibility here!
SP has plummeted since results & today in 3 trades 3 mill shares,(nearly 4%), were bought & ,IMHO,only Directors,or those in "the know" would invest that much in a bombed out company like this-so I will ( probably wrongly) take those purchases a a positive.
Dave I used to use the old system for info, the new system is beyond me and I have asked them to close the account and return my money to me! and that was at least three weeks ago! so far nothing has happened apart from an acknowledgement of the request!
The best thing that could happen to LCG is to be taken over by someone who knows what they are doing!!
1)Admin-unlikely as we have cash in Balance Sheet which covers liabilities,inc convertibles
2)CS take private cheaply-possible
3)Refinancing to improve liquidity & support growth-most likely
CS refers to "transformation" since launch of new platform & by Interims should have clearer view of profitability & client numbers.
SP hammered yesterday,presumably based on expectation of fundraising rather than historic results,which were known.Fundraising ,when announced,could result in strengthening SP if accompanied by projections for first half.
V high risk but I will stay for a while longer & see what happens-unless I get carted off for continually talking to myself here.
2015 was as abysmal as expected but the strong start to 2016 is encouraging,particularly as we are 4 months in & with lots of volatility.Interesting to see if CS buys more shares today to average down his cost
Results now due "by Thursday".Delays are rarely good news,although in the case of LCG the numbers for the year to 31/12/15 are known & presumably the numbers since January are also known & as we are now end of April the Outlook Statement for 16 should be fairly detailed as we now have 4 months experience of our new platform.Possible scenarios-
1)Trade has been abysmal & we are going under
2)Trade has been encouraging & we are raising more capital to improve Balance Sheet
3)We are being bought cheaply by Sabet,ie 10-15p & any recovery will be played down.
2 & 3 are certainly better than 1,which could lead to another "Doh" moment,although I only have 200k shares.
Over & Out,for now.
If positive outlook statement there is a possibility that our modest SP will be 15-20p by the end of next week.If problems persist & our new platform is failing to attract customers in sufficient volumes our leader will no doubt mount a rescue bid @ 5p or less.Interesting week ahead.
Probably but I now have a fair holding,at AV of about 6pwith view to the nature of the investment which,following forthcoming results will either fail,be bought cheaply by Sabet (say 15p p share,or will raise new funds,at,say 15p, & the SP will then rise strongly based on further recovery hopes.
V high risk V potentially v high reward
Have a Buy note out on LCG with an interesting & in depth rational.Bottom line is that LCG is a tiny company whose valuation model is substantially lower than its peers,much of which,of course,is explained by its abysmal performance.Any sign of an upturn in our fortunes should see an increased SP, & particularly of the CEO & Board buy more following Results.
V high risk = potential for v high reward
Probably certifiable but bought a few more yesterday at under 6p.Extremely high risk ( could lose the lot)but any signs of improving revenues & a well received new trading platform & this could multi bag.Insiders obviously cannot buy now is we are in a close period ahead of results,although employees/traders working for Lcg should have a good idea as to how business is & the extremely low volume suggests that they & their pals are not buying.
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