hopetown
01 Jun 2018
Re: Anybody else here? Thanks
ICB888
31 May 2018
Looking Better This is looking better now and the volumes are high. Last summer this was over 6p and has great potential as the market leader in its field in Myanmar. If it is true that someone like Tencent or Alibaba is interested then 6p will be breached again very quickly.
Newapple
31 May 2018
Re: Anybody else here? lots invested here come over to Twitter and lse
hopetown
31 May 2018
Anybody else here? Very quiet n this board. Should really move now that the conversions are nearly done.
hopetown
16 May 2018
VOX Interview [link]
hopetown
09 May 2018
Beaufort Securities Courtesy Charlie51 on the XLMedia Board"Not sure if many are aware of the ongoing saga on the administration of Beaufort, but if not then this may be of more than passing interest. For the avoidance of doubt I have no holdings with Beaufort. I believe what is going on affects just anyone who holds stocks in nominee accounts and the implications for the outcome of this could be profound. Never did I believe that ring-fenced share and cash accounts were not secure. My enquiries of professionals in the City show that most of them were unaware that the loopholes now being exploited by PWC existed.The tone of the letters from PWC are dictatorial and very much as if the power of the administrator is absolute. There is not a hint of contrition nor question as to their perceived right to take cash and shares that never belonged to the two Beaufort companies they are winding up.Surely, the FCA or the administrators should have immediately appointed another broker to take over the client accounts? They admit these are more or less complete and untouched. A number of companies expressed interest in doing just this. Quite why client portfolios are not in the care of another broker is unfathomable - other than it is clear that PWC, with the seeming complicity of the FCA, had decided on where they intended to get their staggering fees (upto £100M is mooted by them) from: the supposedly segregated client accounts.PWC have stated that anyone with a holding of more than £150,000 in cash and shares will probably have some of their assets (upto 40%) taken to pay for administrators fees and other costs. This would not be the case if the administrators were dealing with nearly all other kinds of companies. They would not be able to unilaterally raid the segregated assets of the innocent.Not only will Beaufort clients suffer - so too will the taxpayer. The FSCS will pay up to £50,000 to compensate or partially compensate most clients. There are some 17,000 of them. This is a huge, unnecessary bill for the taxpayer to pick up and is the result of ineptitude by the FCA from the outset. It represents staggering waste.The administrators propose appointing a committee of clients and have called a meeting to discuss this and other matters on May 10th. It should be an interesting session. Creditors and clients at the meeting may well reject the administrators’ proposals to take money and shares from clients’ accounts. Then PWC will have to go to court. This would delay proceedings further. Innocent clients will then have to wait even longer than the given date of September as the earliest month when they might be able to have what is rightfully theirs back under their control.The administrators must not be allowed to have their way. Segregation of assets is fundamental to the security, wellbeing and working of the private investor community and ultimately a significant part of the City and economy. To not respect it in the full and absolute raises issues with very wide and negative ramifications. Clients unwittingly placed faith in Beaufort and if this raid of value takes place then all trust from the private investor community in the sanctity of holding their investments in nominee accounts will be trashed - as possibly will be some of the utility of CREST. If the administrators get their way then for security reasons investors would be better off demanding paper certificates and holding these themselves – as a number already are.The reputation of the FCA is deservedly low. To have a body of such ineptitude playing a key role in an economy so dependent on the financial sector is a travesty. Should you feel strongly on this I urge you to write to your MP and please disseminate the issue wider."
hopetown
24 Mar 2018
Sealand Capital Galaxy agreement 11 December 2017Sealand Capital Galaxy Limited ("Sealand" or the "Company"
Agreement with MySQUAR LimitedSealand, the APAC-based fintech, social media, entertainment and payments business through its subsidiaries, has finalised a partnership agreement (the "Agreement" with MySQUAR Limited ("MySQUAR" for the distribution of Guangzhou Ruiyou Information Technologies Co Ltd ("Rightyoo" games on the MySQUAR platform and the distribution of MySQUAR's games on Huawei's inTouch platform, as a follow-up to the MoU announced on 10 October 2017. Under the scope of the Agreement, the mobile games of MySQUAR that are developed in-house will be distributed on the Huawei inTouch platform across 30 countries within Latin America, Africa, Southeast Asia and the Middle East.MySQUAR will localise and distribute Sealand's mobile games, which were acquired through a majority stake in Rightyoo, that are a fit for the Myanmar market through its gaming platform. The majority of Rightyoo's games are casual games.There will be a revenue share arrangement net of the payment service fees paid to payment providers and promotion and marketing costs. The agreement remains in effect for two years and will be automatically renewed annually unless notice of non-renewal is issued by either party thirty days prior to expiry of the contract. Nelson Law, Chairman of Sealand, said: "We are excited to finalise the details of this partnership that will allow us to both distribute MySQUAR's games internationally and give Righyoo's games access to the Myanmar market. The Company anticipates that this Agreement will result in higher levels of monetisation for both parties. Sealand continues to actively seek partnerships and acquisitions to provide exclusive content to the APAC region."Market Abuse Regulation (MAR) DisclosureCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement. For further information: Sealand Capital Galaxy Limited
scruffee
03 Mar 2018
INTERESTING RISE ... With the FBI sting taking account of Beauforts Securities ......... One to watch if indeed Tencent has been the one facilitated with a short position ......... Could get exciting as books get "Squared" .............
sage in the hills
02 Mar 2018
RNS !!!!!!!! RNS Number : 5335GMySQUAR Limited02 March 2018 2 March 2018 MySQUAR Limited ("MySQUAR" or the "Company" Statement re broker The Company notes the announcement today regarding Beaufort Securities Limited ("BSL" and Beaufort Asset Clearing Services Limited ("BACSL" being placed into insolvency and that the Financial Conduct Authority (the "FCA" has imposed requirements on BSL and BACSL to cease all regulatory activity. BSL is the broker to the Company pursuant to the AIM Rules for Companies (the "AIM Rules". As a result of the requirements imposed by the FCA, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules. The Company is seeking to appoint a new broker as soon as possible and a further announcement will be made when this appointment is made.SAGE
hopetown
07 Feb 2018
Ten Cent and Frontier Frontier of course has the massive Chinese player Ten Cent on board as a major shareholder with a 9% stake where Braben says it is very much a hands off partner. He also confirms that the two parties had been talking together for some time before the investment, where the interest and respect was obviously mutual.
Chicken Lips
13 Jan 2018
Guardian Piece on Tencent suggest target is Malaysia [link] ultimate goal of all their investments is to enhance the services they have already developed, to support the eco-system,” says Ruomeng Wang, senior analyst at IHS Markit.The protected market conditions that have allowed Tencent to flourish, and the vast differences between Chinese and foreign internet users’ web habits, has seen the company struggle abroad. Seven years after launching WeChat it is yet to break into any other market, although it has earmarked Malaysia.Analysts believe a key focus will be on targeting the huge numbers of Chinese diaspora and tourists by making WeChat features like payment available overseas, rather than try and make the app a fully-fledged Facebook rival. The payment system is already available in places like Harrods and Selfridges.“WeChat and Tencent tried aggressively expanding into international markets like South America, Europe and even the US but it didn’t work out so well in mainstream western markets where existing players like What’s App are so established,” says Forrester’s Wang. “Their global expansion will in some places target Chinese travellers, with different strategies in emerging markets like South East Asia.”
JakNife
12 Jan 2018
Re: Share price I assume that you think that it's "good" because you like what it says. The problem that I would have personally is that what it says is total tosh. There's no realistic chance of a cash takeover because fundamentally the company is loss-making, cash burning, has a weak balance sheet and is running out of cash (again!). It needs a placing and has a track record of publishing optimistic RNSs in advance of placings in order to get the share price up. If someone really wanted to acquire the assets of the business then they simply need to wait for the company to run out of cash and then negotiate with the administrators. But why on earth would anyone want to acquire assets that are loss-making and burning cash? Even if there was 100% revenue growth this year it will still be loss-making. It's an over-ramped pile of ....
hopetown
11 Jan 2018
Share price Another good paste from McSquare on LSE"Share price should be minimum 6p at this point. 180 million shares needed for takeover predator to reach its 30%. Imperium and rising Dagon would get it most of the way if company liked the terms. Only about another 5% in the open market required.They probably picked those up over the last weekWe could be done and dusted by the end of the month. 12p is my guesstimate"
hopetown
09 Jan 2018
"Looking forward" Pasted from LSE a good opinion from Mc Square......."As we stand at the minute the mcap sits around $25.5m When we look at the potential of the company and the price target that Beaufort states at 21p that would equate to a mcap of $175million and would be if all the eggs fall into place.WE are only on the cusp of moving into the middle ranking of that journey.We have a growing registered user base playing our games and driving revenue higher every monthAdvertisers are looking at the opportunity to gain access to so many eyesNon gaming/advertising revenue from outsourcing activities is expected to be at least equal to last year.WE potentially could boost all of the above with a MPT tie up - I think this one is in the bag and this is why Tencent is knocking at the door. All telecoms providers would be covered and Mysquar would be in a leading position in Myanmar.As we stand I think our valuation for a takeover should be between $75-$100m that would leave us around 12p per share.Now here is a new angle. Clause 5 of the AGM on Thursday is asking us shareholders to give the company the right to potentially issue c310million shares next year. Now that would be dilutive if it was a placing at 3p. However my expectation is that the company may place the bulk of the shares with Tencent in the form of a strategic partnership at potentially 10p a share. That would give us �30m to develop the market with the major support of the Tencent platform and user base to expand into. Now I would happily take that. The SP would potentially base at 10p giving us a market cap of c$125m and a massive partner to develop further into the future.Any thoughts ?"
hopetown
08 Jan 2018
Looking strong! Looking strong, bought some more! GLAH
