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Good morning HappyScot, and as others have stated welcome aboard, so sorry to hear of your recent redundancy and hope you recover your job position quickly, you have invested wisely and will be rewarded, this current stock suspension is due to a technicality of leaked ongoing negotiations and not of anything negative relating to the company who's fundamentals remain strong. I wish you all the best in finding new employment quickly.
Good luck sir.
I hope so Blue, i never invested without doing some researching and have found this board really helpful with some of the posts. I rarely take anything posted as gospel, but more often than not these things can be checked elsewhere online. Theres some great posters here and also some nuggets! Its not too hard to spot those who are either short, doing MM's dirty work or just generally want to be negative / contrarian / argumentative for some some sort of perverse pleasure. I guess it takes all sorts but i think my filter bin will soon start to fill as i filter out the dross
Read the post I Trust. Shows what calibre of BOD we have at EUA .
The only negativity you read here are the ones from the shorters and MMs who are desperate for the Share to fall big time .
Your investment will be safe .
Hopefully this will be a nice redundancy sweetener for you then and you can remain a HappyScot :)
Welcome Happyscot very wise comments IMO and nobody new or long term should be made unwelcome unless of course they have a hidden agenda which you clearly do not. MFU
I bought in here on the recommendation of a work colleague just before Xmas and have enjoyed the recent rise we've all experienced. I never been involved in a suspended share so have avidly been following this board hoping to learn more about the situation. My understanding is that it was our company that requested the suspension as opposed to LSE, which is good news in my eyes and hints towards some form of commercial or corporate matter as opposed to some form of criminal matter or wrongdoing which LSE has became aware of.
It would be good to hear from our company for an update but if it is, as many are speculating, relating to a takeover or sale of a major asset then its unlikely the company can give us any news until negotiations are completed and agreements signed. Im happy to sit back and put my trust in our directors to take us in the right direction, although its very frustrating and I cant stop checking the board for any interesting snippets.
Oh, and going from the boards history i'll be treated with suspicion due to being a new joiner and having only 1 post to my name, i guess theres not much i can do about that other than continue posting until people realise theres no hidden agenda. I've joined up today as I've got quite a bit of time on my hands now having just been made redundant and i wanted to take part in discussions, albeit whether or not i have anything of value to add is another matter.
Might be an idea to contact your mortgage brokers Bobrad. Find out how to stage payments when you are skint.. ha ha ..
Oh dear.. you smell desperate mate.
Hope you learn something from all this and trade more carefully in the future.
yes...….ok,,we are all waiting!!!!!!!!! and waiting.
My view was that EUA did not know about the Engagement being signed .
So as far as I see it a potential buyer had made an offer through CITIC and Numbnuts had tweeted thinking EUA knew about the offer.
So Shares suspended so that the BOD could find out what exactly was going on .
They did exactly the correct thing by taking the Shares from the Market.
Cant wait to hear the first tabled offer soon .. ;-)
JTMac, I’m not trying to compare the two companies, just
pointing out that there is still a lot of speculation about SXX
and what will happen next, shares still being actively traded,
and the price still moving. it is just one example amongst
very many that could be given of companies which do *not*
get suspended simply because there are possible takeover
issues and lots of speculation about what might happen next.
I was invested in SXX and came out with a tidy sum for 48 hours investment.
So go ahead and tell me..............
Your comparing apples / oranges - SXX was already sold on the RNS.
hi JTMac. I i don’t understand what point you are trying to make by posting
a link about fiduciary duty? - that doesn’t say anything about any duty from
a BoD to suspend shares because there is speculation. take a current example
on the UK stock exchange, SXX: a take-over bid has been tabled at 5.5p, lots
of pis are very unhappy, there’s an active campaign to vote it down, & loads of
chatter and speculation about possible alternative bids or funding proposals.
... but although there’s loads of speculation of that sort going on, shares in
that company are still being very actively traded, and are not in suspension.
must admit im starting to get ****ed off and unfortunately im across the other side of the world so not able to call brokers. if the rns was correct and still correct to me its taking too long for the reason stated in the rns. if there is something additional ie a bid on the table the market should be informed. i see this as slightly amateur to be honest. a complete news vacuum rarely comes good
utter tosh mate.
The BoD are DUTY BOUND !!!
JTMacs, suspensions are not put in place to stop speculation,
as speculation is the life blood of markets trading listed shares.
problems arise when it’s not a level playing field for speculation.
Oh bobrad you do make me laugh, wait for the RNS to land and I'm sure there will be lots of interest.
not much I can do about it.......
if it comes through at all...
this tweet was price sensitive information and hence they had no other choice than to protect shareholders ...''
To protect shareholders... that sounds ominous
This is purely my private view and not to be taken as financial advice.
The BoD suspended trading due to the tweet, so:
In their view - this tweet was price sensitive information and hence they had no other choice than to protect shareholders and also remain within the exchange rules.
The points that I see are that we may have a breach of NDA by this tweet - so that would present legal issues. If that's the case then it ought to be cleared up fairly swiftly - say 7 days - but again that is speculative on my part.
Otherwise the information within the tweet - caught the BoD off guard ?
In this scenario - then it's impossible to call the events / results - outcome.
The whole idea of the Suspension - is to stop speculation - in turn obviously ""Locking"" the SP until the BoD clarify the situation - this is dictated under the exchange rules.
So they are simply carrying out their duties to protect all stakeholders.
How long will it take - how long is a piece os string. ???
Me - think I will go for a nice walk - in time - all will be revealed with the updated RNS.
However I do remain very positive and highly invested.
Hi Spikeyj - I wasn't really suggesting it was a false claim, depending how you read the RNS it covers a few bases to be fair which would likely cover them in regards to what you are saying. I think it was crafted carefully, to be 'accurate' but rather unclear. My point being if it were a simple clarification, should you choose to read it that way, then we would have heard by now, but you could consider it as a rather more complex clarification and in relation to a possible takeover could you not?
I have read a lot of posts as many others will have done and not really seen one which could provide a reasonable alternative explanation which was the reason for the question.
Insider trading plus there are other things that have gone on on twitter with regards to employees that possibly shouldn't have.
I did wonder if there was a question of insider trading going on from someone at citic and therefore the question about the relationship was asked- that coupled with what looked like large reversed trades- however this has gone on too long for that me thinks- back to a buyout scenario!
Well this isn't the first time something like this has happened. The interview with Zak was a mess.
Nothing is suspended for a week for something trivial though.
It's going to be interesting when the RNS does come through.
rmr, if it is not the real reason for the suspension,
then the nomad is not acting properly. it is part
of the nomad’s job to ensure that RNSs put out by
the company are honest and accurate. suspension
of a share, particularly for days on end, is not a trivial
matter, and any nomad who knowingly allowed a
company to conceal the real reason for the suspension
of a share would be in deep & hot water. so it is a puzzle.