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New Buy Back Oct 2019

lse:sle

#81

… the hopes and fears of all the years are met in thee tonight, eh Eadwig? very seasonal but cutting the cackle i’ll take that as a yes. call me a cynic but i have found over time that following the money tends to be a better reflection of people’s beliefs than anything they may say. so maybe we’re in agreement after all - i certainly don’t see this falling much from here nor have i ever said that and my money says up as well. our buyer punched through on friday as we rose but whatever short term volatility, i expect to see a radical rerating in relation to value latest by first six months of next year and i hope sooner.


#82

Its a bit early in the day to have been drinking … perhaps you’re not in the UK though.

I clearly have stated my thesis and the time hasn’t run out on it yet, so I’m going to give it every chance of playing out. Why do you think I’ve been posting the buy back in this thread every day? It is measuring how much time my thesis has.

Yes, it looks like I may have got it wrong this time, and even a turn around now may not be early enough for the price to rise adequately, but it would cut my losses.

However, IF there is a dividend announcement too, that could easily add up to 5pps by my calculations, that might easily attract some yield hunters and help push the price up. (Even stock bought @36p would be showing a yield of nearly 14%). Both coming together would see me hit my target quite easily I think.

However, why would SLE announce the dividend during the buyback, knowing that it would result in them paying more for shares? It wouldn’t make a lot of sense, unless they are intending to do another buyback next quarter and perhaps every quarter, from here on in.

It isn’t impossible. They may announce another buyback almost immediately after this one ends. It seems strange that it looks to have been tailored almost exactly to last one quarter. It could just be coincidence, but it would explain why the buyback was such a small one also.

A total buyback of $8m (approx 5% of market cap) over 4 quarters would probably work very well for SLE despite the rubbish your blue mate on LSE talks about only massive large cap companies doing such things and SLE being just a p***ant, nothing company. He’s quite wrong (again). Buybacks are all all about percentages, size doesn’t matter.

As you believe the company is massively undervalued I’m sure you would warmly welcome that happening. More to the point, if SLE’s management believe it is massively undervalued it is, arguably, exactly what they should be doing, although those eager for an early return may have a different view, especially as the outcome so far appears to be a negligible contribution in terms of the ‘shareholders distribution policy’.

It will all depend how Martin Hughes sees it, as he makes the final decision on buybacks (another thing your blue-mate got wrong).


#83

Simply paste it straight in. Couldn’t be easier … Here’s one I took earlier which you may recognise …


#84

Re-posted from Friday with confirmed values - just so it doesn’t get lost among the off-topic additions.

Date ++ Shares ++ Price ++ Total. Running Total*
18 Oct . 94,482 -26.46p £25,250 $32,572
21 Oct . 29,000 -27.91p .£8,174 $43,199
22 Oct. 89,285 -28.00p £25,250 $75,771
23 Oct. 89,285 -28.00p £25,250 $108,283
24 Oct. 88,192 -28.35p £25,252 $‭140,859
25 Oct. --------- --------- £--------- $140,859
28 Oct. 87,719 -28.50p £25,250 $173,178
29 Oct. 87,719 -28.50p £25,250 $205,750 10% completed
30 Oct. 87,719 -28.50p £25,250 $‭238,322
31 Oct. 87,719 -28.50p £25,250 $270,895
01 Nov. 88,967 -28.10p £25,250 $303,467
04 Nov. 89,285 -28.00p £25,250 $336,040
05 Nov. 92,165 -27.125p £25,250 $368,612
06 Nov. 92,592 -27.00p £25,250 $401,184 20% Completed
07 Nov. 90,909 -27.50p £25,250 $433,504
08. Nov. 91,274 -27.39p £25,250 $‭465,824
11. Nov. 91,274 -27.39p £25,250 $‭498,144 25% Completed
12. Nov. 91,274 -27.39p £25,250 $530,464
13. Nov. 91,575, -27.30p £25,250 $‭562,784
14. Nov. 93,283 -26.30p £25,250 $595,104 30% completed
15. Nov. 92,250 -27.10p £25,250 $627,677
18. Nov. 94,339 -26.50p £25,250 $660,502 1/3rd completed
19. Nov. 95,419 -26.20p £25,250 $693,074
20. Nov. 97,656 -25.60p £25,250 $725,646
21. Nov. 97,276 -25.70p £25,250 $758,215
22. Nov. 98,039 -25.50p £25,250 $790,535
25. Nov. 96,153 -26.00p £25,250 $823,107 approx 41% completed
26. Nov. 95,419 -26.20p £25,250 $855,680
27. Nov. 97,513 -25.64p £25,250 $888,252
28. Nov. 97,656 -25.60p £25,250 $920,826
29. Nov. 94,768 @26.38p £25,250 $‭953,399

Total number of Ordinary Shares in issue with voting rights now ‭452,911,921‬

*Approx Running total in US Dollars inc. 1% stamp duty Fx rate taken from US close and rounded to the nearest cent.


#85

‘another thing your blue-mate got wrong’
i know you don’t easily take advice Eadwig but you’d do well to avoid taking bluerill on again. much as we enjoy cruel bloodsports over on lse…


#86

Cheers


#87

You’re joking aren’t you? I got tired just pointing out some of his mistakes Take a look at his rubbish about buyback regulations, I even posted up the relevant RNS with the details in and he made an excuse about what he’d said and then brought up another regulation that he got wrong when I’d already cut and pasted it black and white!

But tell him to stop worrying. He’s not worth my effort, frankly.


#88

https://share.icloud.com/photos/0pDgSkcWZofnuioysBuUiDg5w
Since spring is just around the corner but winter still to hit us, here’s one from spring 2019 :wink:
TP


#89

@theprior Click on that link and just check you’re giving away as much info as you intended.


#90

… in your dreams Eadwig. am afraid you got rinsed and they love it on LSE when bluerill does that. don’t worry, you’re not the first.


#91

Read it again. You are delusional.


#92

… actually i just went back and did a fag packet on the respective vote ups you and bluerill got during your recent exchange. i won’t quote the actual figure but am afraid it’s not a good read for you, Eadwig. i suspect you really lost it when you started quoting Buffett at him. a truly embarrassing moment, which he dispatched to the boundary with his customary ease. nor will I go to Timbremner’s comments but they were telling. the point you missed when i told you to get out of here, wasn’t that i thought we were heading down (quite the converse as you know), was that i didn’t think you were cut out for this sector, nor for a racy stock like San Leon with colourful people like Oisin Fanning, Jite Okoloko and Martin Hughes. Martin Hughes, who is well down on his original investment, didn’t do this as a dividend play or to make 15 % short term, did he ?


#93

Well, I can see your role model is very important to you and that you and want to protect him from making such a fool of himself after firstly pretending there was something in regulations about a certain issue to do with buybacks and then pretending he’d actually had it from the company itself when I pointed out he was talking rubbish and then going on to quote it all wrong again.

I gently pointed out the obvious mistakes he had made by helpfully referring him to the company RNSs (again) which made it quite clear and I didn’t even ride him when he got it all wrong again. I can see why you feel he needs protection.

I can also see why you take him as a role model., He thinks he needs to respond to every single post even when he has nothing but rubbish to say - and you are doing him proud as his protégé.

I have no doubt he’s had just as much investing success as you, which probably means you don’t see each other as a threat in your pathetic games of measuring your own worth by tick-ups when making cheer-leading comments on a single stock.

That’s probably why you both come to the same conclusion that the price is gong down despite there being more buyers than sellers too.

If you ever get the nerve to actually post your own investments live, or even predict a single thing accurately about SLE, do let me know. Then I may take some notice when you make silly comments about my quoting Buffett, the very first quote I came to in a search that illustrated my point on a particular aspect of handling buybacks.

He then takes that as some sort of challenge to his manhood and tries to change the subject as though people who quote Buffett was what we were talking about. Not the first time he deflected from his mistakes either, I noted. Any sensible person would try and learn from them.

Its pretty pathetic to support him in that and then go on to namedrop Martin Hughes who is well underwater on SLE but also OF who must be just about the worst CEO, pound for lost pound, in the whole sector, if not the history of AIM.

If you don’t have anything constructive to add in my thread , or even remotely on-topic come to that, why don’t you run along like a good little boy, before people start flagging you.

Go back to London south east and sit at the feet of Blue-mate and lap up his investing wisdom and congratulate each other that you have no idea why the company isn’t priced like you think it should be but you’re both certain it will all come good in the end etc etc You’ll get tick-up after tick-up and you can compare each other’s self-worth by it.

Be careful not to say anything negative about SLE though, or you wont get so many tick-ups that you value so highly. Meanwhile, I’ll continue to say what I please and measure my investing success by the worth of my portfolio. One day perhaps you’ll do the same when it isn’t too depressing to contemplate.


#94

Date ++ Shares ++ Price ++ Total. Running Total*
18 Oct . 94,482 -26.46p £25,250 $32,572
21 Oct . 29,000 -27.91p .£8,174 $43,199
22 Oct. 89,285 -28.00p £25,250 $75,771
23 Oct. 89,285 -28.00p £25,250 $108,283
24 Oct. 88,192 -28.35p £25,252 $‭140,859
25 Oct. --------- --------- £--------- $140,859
28 Oct. 87,719 -28.50p £25,250 $173,178
29 Oct. 87,719 -28.50p £25,250 $205,750 10% completed
30 Oct. 87,719 -28.50p £25,250 $‭238,322
31 Oct. 87,719 -28.50p £25,250 $270,895
01 Nov. 88,967 -28.10p £25,250 $303,467
04 Nov. 89,285 -28.00p £25,250 $336,040
05 Nov. 92,165 -27.125p £25,250 $368,612
06 Nov. 92,592 -27.00p £25,250 $401,184 20% Completed
07 Nov. 90,909 -27.50p £25,250 $433,504
08. Nov. 91,274 -27.39p £25,250 $‭465,824
11. Nov. 91,274 -27.39p £25,250 $‭498,144 25% Completed
12. Nov. 91,274 -27.39p £25,250 $530,464
13. Nov. 91,575, -27.30p £25,250 $‭562,784
14. Nov. 93,283 -26.30p £25,250 $595,104 30% completed
15. Nov. 92,250 -27.10p £25,250 $627,677
18. Nov. 94,339 -26.50p £25,250 $660,502 1/3rd completed
19. Nov. 95,419 -26.20p £25,250 $693,074
20. Nov. 97,656 -25.60p £25,250 $725,646
21. Nov. 97,276 -25.70p £25,250 $758,215
22. Nov. 98,039 -25.50p £25,250 $790,535
25. Nov. 96,153 -26.00p £25,250 $823,107 approx 41% completed
26. Nov. 95,419 -26.20p £25,250 $855,680
27. Nov. 97,513 -25.64p £25,250 $888,252
28. Nov. 97,656 -25.60p £25,250 $920,826
29. Nov. 94,768 @26.38p £25,250 $‭953,399
02. Dec. 93,283 @26.80p £25,250 $985,971

The highest price paid for the buyback for over 2 weeks. The blocks of 100,000 being sold haven’t been seen for a few days. I hope they’ve gone for good as the price shows signs of bottoming. A couple of small investors buying yesterday too, so perhaps they think this is the bottom also.

Total number of Ordinary Shares in issue with voting rights now ‭452,818,638

*Approx Running total in US Dollars inc. 1% stamp duty Fx rate taken from US close and rounded to the nearest cent.


#95

… big yawn from me, i’m afraid Eadwig.


#96

Haha, I’ve been asleep for days, the pair of you have been boring the pants off us with your futile bickering. :sleeping::sleeping::sleeping:
TP


#97

… you’ve always been a complete berk on this board, TP, who has added little of worth over time. if you but realised it, cutting through the rotting vegetation in the forests of Eadwig’s mind, i have demonstrated that however critical he is and has been of San Leon, he actually agrees with me that our share price is going to go up, at least comfortably over 30p. we know that as he’s holding his original investments and indeed he added to them in October. a small positive i admit but a positive nonetheless. and if he wants to sell at 35p, say, that’s just fine by me. i’ll be sticking around for a much much better price because the value is already there.


#98

Date ++ Shares ++ Price ++ Total. Running Total*
18 Oct . 94,482 -26.46p £25,250 $32,572
21 Oct . 29,000 -27.91p .£8,174 $43,199
22 Oct. 89,285 -28.00p £25,250 $75,771
23 Oct. 89,285 -28.00p £25,250 $108,283
24 Oct. 88,192 -28.35p £25,252 $‭140,859
25 Oct. --------- --------- £--------- $140,859
28 Oct. 87,719 -28.50p £25,250 $173,178
29 Oct. 87,719 -28.50p £25,250 $205,750 10% completed
30 Oct. 87,719 -28.50p £25,250 $‭238,322
31 Oct. 87,719 -28.50p £25,250 $270,895
01 Nov. 88,967 -28.10p £25,250 $303,467
04 Nov. 89,285 -28.00p £25,250 $336,040
05 Nov. 92,165 -27.125p £25,250 $368,612
06 Nov. 92,592 -27.00p £25,250 $401,184 20% Completed
07 Nov. 90,909 -27.50p £25,250 $433,504
08. Nov. 91,274 -27.39p £25,250 $‭465,824
11. Nov. 91,274 -27.39p £25,250 $‭498,144 25% Completed
12. Nov. 91,274 -27.39p £25,250 $530,464
13. Nov. 91,575, -27.30p £25,250 $‭562,784
14. Nov. 93,283 -26.30p £25,250 $595,104 30% completed
15. Nov. 92,250 -27.10p £25,250 $627,677
18. Nov. 94,339 -26.50p £25,250 $660,502 1/3rd completed
19. Nov. 95,419 -26.20p £25,250 $693,074
20. Nov. 97,656 -25.60p £25,250 $725,646
21. Nov. 97,276 -25.70p £25,250 $758,215
22. Nov. 98,039 -25.50p £25,250 $790,535
25. Nov. 96,153 -26.00p £25,250 $823,107 approx 41% completed
26. Nov. 95,419 -26.20p £25,250 $855,680
27. Nov. 97,513 -25.64p £25,250 $888,252
28. Nov. 97,656 -25.60p £25,250 $920,826
29. Nov. 94,768 -26.38p £25,250 $‭953,399
02. Dec. 93,283 -26.80p £25,250 $985,971
03. Dec. 91,911 @27.20p £25,250 $1,018,796 Over 50% complete

Over 50% through, I’m still predicting the buyback to complete in w/e 17th Jan. Yesterday saw the highest price paid for the buyback for 3 weeks. It might quickly jump back to over @28p if the sellers stay away.

Total number of Ordinary Shares in issue with voting rights now ‭452,726,727
‭2,800,918‬ shares have been bought and cancelled.

*Approx Running total in US Dollars inc. 1% stamp duty Fx rate taken from US close and rounded to the nearest cent.


#99

Berk = one who is not 100% behind serial finance extractor Fanning
Happy with that Al. Thanks for the compliment :clap::clap:
TP


#100

Date ++ Shares ++ Price ++ Total. Running Total*
18 Oct . 94,482 -26.46p £25,250 $32,572
21 Oct . 29,000 -27.91p .£8,174 $43,199
22 Oct. 89,285 -28.00p £25,250 $75,771
23 Oct. 89,285 -28.00p £25,250 $108,283
24 Oct. 88,192 -28.35p £25,252 $‭140,859
25 Oct. --------- --------- £--------- $140,859
28 Oct. 87,719 -28.50p £25,250 $173,178
29 Oct. 87,719 -28.50p £25,250 $205,750 10% completed
30 Oct. 87,719 -28.50p £25,250 $‭238,322
31 Oct. 87,719 -28.50p £25,250 $270,895
01 Nov. 88,967 -28.10p £25,250 $303,467
04 Nov. 89,285 -28.00p £25,250 $336,040
05 Nov. 92,165 -27.125p £25,250 $368,612
06 Nov. 92,592 -27.00p £25,250 $401,184 20% Completed
07 Nov. 90,909 -27.50p £25,250 $433,504
08. Nov. 91,274 -27.39p £25,250 $‭465,824
11. Nov. 91,274 -27.39p £25,250 $‭498,144 25% Completed
12. Nov. 91,274 -27.39p £25,250 $530,464
13. Nov. 91,575, -27.30p £25,250 $‭562,784
14. Nov. 93,283 -26.30p £25,250 $595,104 30% completed
15. Nov. 92,250 -27.10p £25,250 $627,677
18. Nov. 94,339 -26.50p £25,250 $660,502 1/3rd completed
19. Nov. 95,419 -26.20p £25,250 $693,074
20. Nov. 97,656 -25.60p £25,250 $725,646
21. Nov. 97,276 -25.70p £25,250 $758,215
22. Nov. 98,039 -25.50p £25,250 $790,535
25. Nov. 96,153 -26.00p £25,250 $823,107 approx 41% completed
26. Nov. 95,419 -26.20p £25,250 $855,680
27. Nov. 97,513 -25.64p £25,250 $888,252
28. Nov. 97,656 -25.60p £25,250 $920,826
29. Nov. 94,768 -26.38p £25,250 $‭953,399
02. Dec. 93,283 -26.80p £25,250 $985,971
03. Dec. 91,911 @27.20p £25,250 $1,018,796 Over 50% complete
04. Dec. 90,025 @27.77p £25,250 $‭1,051,8734

Total number of Ordinary Shares in issue with voting rights now ‭452,636,702

*Approx Running total in US Dollars inc. 1% stamp duty Fx rate taken from US close and rounded to the nearest cent.