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Fridays gains and still ticking up the resolution of the dispute between Julius Properties and Redrow Homes is the boost this share needed onwards and upwards hopefully.
Excellent news. Surprised it's so low still.
glad to be in :)
21 March 2014 Formation Group PLC ("Formation" or the "Company") Agreement reached on Aldgate East Property Development As part of its results announcement on 28 February 2014, Formation made the following announcement "An RNS post year end on 5th February 2014 on Aldgate announced that Julius Properties Limited ("JPL") were involved in a legal dispute with Redrow Homes Limited ("Redrow") over a title issue relating to the property at No 1 Commercial Street, London E1. This situation casts doubt upon JPL's ability to repay JV Finance Ventures Limited's ("JV") investment into Aldgate. However, it is anticipated that Formation will be in receipt of the majority of these funds by June 2014." The Company is now pleased to announce that it has now been informed by JPL that agreement has been reached with Redrow. As a result of this, the first three instalments due under the agreement have been received by JV and confirmation has been received that the remaining sums due in April, May and June 2014 will be paid to JV in accordance with the terms of the original agreement. The Company will continue to update shareholders on developments as appropriate. Contact details:
Non stop buying since Friday - over 1 million shares acquired... tempted to add gl
Another day :) looking forward to the year ahead here!
People should be getting in early here not waiting for confirmation which Is the biggest reward. Astounded it's where it is. A lot more to come here I suspect. GLA
Just tried both and under 50k I can get 1.4p for a sell and 1.44p for a buy - so pretty tight.... should move back up this afternoon especially if a director decides to buy post results.... still feel 2p is fair value but might need confirmation of receipt of some of the proceeds due first gla
Must be massive sells going through. Have tried dummy sells on numerous occasions and it seems to go to N/T for just a small amount.
12 times the daily average volumes traded today in the first 2 hours.
Up +35% now. Great RNS today confirms the company's ongoing recovery.
Annual revenues of £6m... Marcap right now of £3m...
Price being paid on the Ask ticking up. The SP is up +80% in a month and has good upward momentum. Results RNS today confirms the recovery (revenues doubled).
Up +30% now. Great RNS. A huge 10 times the daily average volume traded in the first 45mins alone. A rerating to 2p looks doable today.
got a buy orde in for 1.5p - if it comes great if not then oh well. GL.
by 10.00am IMO
And confitmation of cash receipt by June expected. Risky still but looks good - waiting for shakes. But might not be any.
No - because the company should get most/all of £ 5 million back held via recent property sale....
is this the only reason its flying because of revenues??
Yes it could - 2.8p year high.
will be 2p by 9am at this rate. Should follow my instinct and not worry! lol.
revenues up over 100% this could doubt today couldnt it??
should have got in. 1.85 above ask paid.
Loads of round 50k buys this am and no sells. Well done.
1.6 paid - too rich for me at the moment - so will close above 2p. Will watch or shakes.