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I have spoken recently with the guys at Comarco and also Andrew Monk from VSA to emphasise the need to improve the PR etc, should start to get better now. I will remain on the case with this but more important once the deal is signed, wouldn't want them to get courted by others before the deal is done!!!
Thanks for the reply Mike. Yes, I am surprised that anyone is selling in the current range given the future prospects, but people appear to hold shorter and shorter time frames and expect instant rewards.
We just need Comarco to raise the profile of the business as this RTO is very much under the radar at the moment, especially given that we are a Main Market listed company.
not sure about that I know most of the people who took some of the placing and none of them are intending to sell anytime soon. Frustrating everything has taken so long, once we get the RTO complete the new business will have the tools to be able to raise the cash they need to win and fulfil new contracts, the future will soon look very bright
Fawaz....that looks like a sell from the day before. I wondered where the MM's found the shares from. The company raised £97k in July that carried warrants at 5.00p. Looks to me that one of the placees has sold. I think there are very few shares in free float hence the rise on relatively small volume.
£32.24k buy.
Thanks for that explanation. As usual you seem to know much more about this company than I do. Anyway very excited about how this could pan out. Long and strong and very happy Bigmj occasionally pops in here too. Always nice to know the big money is feeling confident.
Rayofhope....Agulhas is a rocky headland in Western Cape, South Africa, so I am sure it is well known if you live in that part of the world.
Yes, a bit more patience and I am sure we will all be well rewarded when the combined companies start to rapidly expand the business once they have adequate funding.
So pretty much de risked for any non invested onlookers although it does take a bit of effort to read back and apprecthenfull potential imho. Post rto I am hoping to see this fire up as the new group are required to publish frequent rns announcements about significant orders and developments. Let’s hope the ticker isn’t AAGH! Not sure where they got the name Agulhas from. Hopefully it means PORT THAT MAKES PILES OF MONEY in the local language? DYOR GLA
All looks good to me too Optimist. Despite covid Comarco revenue up around 8 percent this year and ebitda about 50 percent yoy Should be far more when LNG project in full swing over short to medium term. Little competition as far as ports go on eastern seaboard. 6 week countdown to rto presumably to be announced mid feb. Anything under 10p buying money?
Just been reading through my notes and past RNS's concerning the RTO. AAAP now appear to be in a stronger position than before, in that they have secured a 6.3% interest in the new Agulhas Group, whereas before they advised their holding would be less than 5%.
The debt funding is higher at $13m and the equity investment is lower at $4.5m. It also appears that AAAP securing additional funding for the RTO is not a pre-requisite for the completion of the transaction.
It will all become a lot clearer as information is released, but it does tie in with what Mike Joseph, the largest shareholder, has stated on this board. Namely that the delay to the RTO would/could result in AAAP achieving a better outcome.
i have to say been very surprised at lack of interest. maybe the late posting of rns been missed by folk
The last significant placing was undertaken back in Sept 2018 at a price of 10.00p(using post consolidation values) and according to information released by the company, the RTO will transact at 10.00p per share.
There are no cheap shares or warrants/options available for anyone to cash in so I can see a clear run up as the details and date of the RTO emerge.
they really have tighten spread very closer , should attract buyers
Can buy at 7.4p at the moment, so with the large spread, will show as a sell.
Has been very much under the radar for a considerable time. The RTO will propel Comarco - new name Agulhas Group onto the Main Market, and with additional funding will allow it to take advantage of the numerous opportunities available to it.
Comarco owns the largest fleet of tugs, AHTS's, OSVs and Utility Vessels in East and Southern Africa. And having its own port in Mombasa is primed to expand rapidly.
Expect to see a lot more interest as the company ramp up the PR now that equity and debt funding have been secured.
As was proved yesterday some volume and big gain to be had. Hopefully herd with catch up with this one
Agree was expecting a bit more gusto. News was rather good. Calm before storm?
Nm
https://www.standard.co.uk/business/market-minnows-anglo-african-agriculture-a3926361.html
Buy in NEX at the end of the day.
16-Nov-20 16:26:048.00 123,124 Buy*7.00 8.50 £9,850
Indeed filled that 6k buy @8p. Interesting day tomorrow. Rns missed by most.
Hi Kenny, looking very positive. People need to read the RNS thoroughly and realise the benefits to Comarco from the Mozambique LNG project to understand the opportunities that will flow to the company.
Decent buying on Aquis Exchange as well at the close.
Just the start my friend. 25p+ is where its heading.
What happened here