The RNS dtd 21 Apr 15 noted that the portfolio value sold to Hollyport Secondary represented a 20% discount on the last valuation in Sep 14. Also noted was the lockup period following the IPO of Immimobile[IMO] ending 27 June 2015, and Spk commitment to invest only in remaining holdings, and actively manage them where to do so would enhance shareholder value. There is no update relating to ' a performance related enhanced value of the Hollyport deal as at 31 Dec 2014'. 'ATM'!
28 Apr '15
Gracious how time fly's ...... Spark have an agreed sale of . . " . . . most of it's remaining portfolio investments to Hollyport Secondary" for a performance related minimum of £3.7m, which may increase by 31 Dec 14. , [see Alliance News Apr '15, here] SPK retains its 17.8% share in IMImobile[IMO} currently 117 buy, 114 sell, and a 0,5% interest in Questor Venture Partnership. In Dec 14, IMI supplied the Indian Government's region of Karnataka with the 'Mobile One' sevice for 65m of the countries 953m mobile subscribers. See IMO RNS Dec '14 for much greater detail. In Sep '14 the BBC contracted IMO to provide its Da Vinci social platform to enable, 'BBC to streamline the process of managing multi channel audience participation'. See IMO RNS dtd Sep 14 for more detail. As per RNS outlined on last post dtd 3 Jul 14!!!!!! Spark's remaining investment in IMO at IPO price of £1.20, was £12.9m. It all seems exceedingly positive news . . . . and fallen on deaf media ears?
3 Jul '14
Re: IMI [!MO] First Day
From the RNS .......... SPK took 1/5th [20%] of it's 27% investment holding on IMO at the admission price of £1.20 = £3.2m - after costs[now in escrow less £100K possible tax demands ]. The remaining approx 17% is bound for 12 months[with exceptions] and equates to £12.9m if costed at the IPO admission price 120p, [if I read the RNS right]. How the 12 month restriction will play, and if it is cause for disenchantment ..............? Another 'obvious thing to do' or astuteness whichever, our management don't seem to have many 'followers' based on trading here[see last post] since IMO listed! I mentioned before the imponderables of 'selling', patience being a necessary quality. 'IMO' SP continues to rise on low volumes, currently bid[sell] price 132p, [buy 135p].
2 Jul '14
Re; IMI First Day ...
Seems your hopes were not shared by other PI's on either Tuesday or Wednesday[today], 1 million shares being sold each day - NONE were bought!
27 Jun '14
IMI First Day of Trading
IMI (IMO) have got off to a good start currently trading at 1.30. Hopefully, they will increase further to add more money to the remaining shares held by SPK.
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