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Paid out today.
A 10 month wait since the recommended offer.
11 months since initial news .
25th November 2022 first news of possible offer , coming on 7th January 2023.
Hindsight should of taken the 350p seen 17th February now 7 months on .
19th July news.
UK'S CMA Launches Merger Inquiry On Nucleus/ Curtis Banks Deal
329.00 +3.00 +0.92%
July 19 (Reuters) - UK's Competition and Markets Authority::COMPETITION AND MKTS - MERGER UPDATE: NUCLEUS/CURTIS BANKS.UK'S CMA SAYS LAUNCH OF ITS MERGER INQUIRY ON ANTICIPATED ACQUISITION BY NUCLEUS OF CURTIS BANKS.UK'S CMA- NUCLEUS/CURTIS BANKS INQUIRY HAS A DEADLINE OF 14 SEPTEMBER 2023 FOR PHASE 1 DECISION.UK'S CMA: LAUNCH OF ITS MERGER INQUIRY ON ANTICIPATED ACQUISITION BY NUCLEUS OF CURTIS BANKS.
This 28/2/23 .
Over one month on still no funds in as of today .
Curtis Banks Group PLC - Bristol-based provider of self-invested personal pensions - Says that almost 100% of scheme shareholders voted in favour of the resolution to approve the acquisition by Nucleus Clyde Acquisition Ltd. Says that almost 100% of its shareholders approved the scheme at its general meeting. In January, the company got a GBP242 million takeover offer at 350 pence per share.
Saw this one up at the offer price of 350p today ( sold DVO.. Devro PLC for that reason yesterday, was that the other referred to in 25th November post below )
Rns yesterday this one about Peel Hunt doing something with holding .
It was a share I bought back after forced sale in July .
Lucky .
Not great for anyone buying 14/2/2020 price that day 360p.
April 2016 they were 410p
RNS recommended offer
For each Curtis Banks Share: 350 pence in cash.
11% above the 7% rise to 315p on 23rd December 2022.
On the 9th December it had dropped to 279p the offer is 25.5% above that .
Would of been a better buy then anything I did .
RNS move shares back up 7% to 315
BRIEF-Curtis Banks Group Says Deadline For Offer By Nucleas Financial Platforms Ltd Extended To Jan 9.
Dropped back to 279p 9th December now back to last post price . ( 315 to 279 is 11% )
Two possible take overs in one day , one before trip to Covent Garden this one after .
Thank God I bought back the forced margin call sale .
What a difference 6 weeks can make .
25th Nov 2022
Curtis Banks says in talks over possible takeover by Nucleus Financial.
(Alliance News) - Curtis Banks Group PLC said on Friday it is in advanced discussions with Nucleus Financial Platforms Ltd over a potential takeover offer.
The Bristol-based financial services company said Nucleus is "conducting detailed confirmatory due diligence".
It said Nucleus Financial has until the close of play December 23 to announce an intention to make an offer or not.
"There can be no certainty that an offer will be made, nor as to the terms of any such offer," Curtis Bank added.
Shares in Curtis Banks were up 20% to 316.69 pence in London on Friday midday.
Interesting post on PREM about big movement and large trades in AIM shares .
City boys just take a profit at a small percentage gain . ( pre set ) but not always ( but have to have good reason not to
In my opinion it has to be someone like PEEL, who buy millions at a time and have a fixed percentage margin set up automatically. Weirdly though it does work the other way as they then buy more at a higher rate if they are confident in the share, and then rinse and repeat. They very rarely buy in and hold like us normal greedy punters, lol
Got this forced sale back today @ 260p flicked through as I looked in at 2.30pm .
Approx 4% cheaper .
Must review the others on 28th September , not the first I have got back cheaper .
Maybe a lesson to sell on recent highs .
The 5 year high was 364p 13/2/20 .
The low 198p 18/11/20 .
Recent high 299p 22/6/22.
One bought around the covid lows .
Looking at forced sales today on margin call .
This lifted @ 270p lifting at 11.30am
The price I picked I noticed after the same as first "one share" mistake buy 29/4/20 .
The monies show a 15% gain .
Curtis Banks Group PLC is a United Kingdom-based company engaged in the provision of pension administration services principally for self-invested personal pension schemes (SIPPs).
See from subject above I did indeed by this by mistake, just one share bought at 270p on 29/4/20 .
3 more shares only on 5/5/20 at 264p , and then what must of been first non partial on 29/4/20 @ 230p
Thank GOD for the partials as the costs would of meant a loss at par
Broker must of added this to platform after my request late April .
Charts seem similar oddly enough .
though there was a jump of sorts yesterday. Excellent resuts and a hike in the divi so Curtis are certainly doing well. More to come here when the market is not so fraught methinks.
I think this is back on track after some bumpy months. Can it hold above 300p into the close?
Slow but steady rise over last 10 months from low of 176p - up over 70% - thanks !
Some rapid share price movement taking place some 3 million plus being traded in a tight market.
Not much news available until divi time but agree they appear to be well run. Spread is better possibly puts investors off. Management still mopping up shares perhaps they intend to take it private at some point in the future.
Not much volume at the moment but this seems to be a well run company that's expanding and the share price has decreased too much in my opinion .... any other thoughts ?
The spread is so wide because the BOD acting in concert hold 61% of the SII therefore the free float is just over 22million shares makes for lack of liquidity and high volatility by they do pay dividends.
Price appears to be slowing its fall ,269p to buy, still a big spread. Sp has fallen dramatically from brexit at 410p till now. So assuming the BOD get their future logistics with regard to integration and cost savings correct then the sp should start to recover towards its old high fairly soon especially with the limited number of sure in issue.
Especially for a Curtis!
"especially for a Bank"! Is that meant to be some kind of joke?
270p to sell and 285p to buy a drop of 47.5p this morning.despite LSE showing the price as 325p. That is a huge drop added to an unforgiving spread especially for a bank. Why the drop ~Salient points from the RNS ~ This growth has required higher staff numbers, principally in middle management and support, as new books of business are taken on and assimilated into the robust processes and procedures already carried out in the Group, and development work is carried out to align books of business and deliver operational efficiencies. This obviously takes time and effort before improvements are delivered but despite this I am pleased to report that operating margins remain healthy despite the reduction in margin as a result of these additional costs. We are currently reviewing operating systems for the Group to ensure the optimum system is in place to deliver greater efficiencies and continue to provide the high service levels needed. A thorough cost benefit analysis is being undertaken and decisions on the optimum system will be made in the second half of this year. Appears to be incorrect management identification of requirements for new business integration with the subsequent overrun of budgeted costs especially with the statement suggestion systems development decisions have not been completed so their will be more and longer cost and time overruns and the suggested completion will be pushed further back into 2017. The RNS states 'in the second half of this year'~the management may not have noticed we are well on the way to Q4 Such silly little errors do not inspire confidence for the fine detail needed in management system changes to get it right second time! If the above assumptions are correct the sp will drift off back to its recent lows.