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Well even if you wanted to buy some down here you cannot as it's gone Fill or Kill
Well the way it moves if there is any increase in volume here it going onto the leader board.
Chart indicators , macd(), above zero, confirming uptrend. RSI(relative strength , above. 50, on both weekly and daily charts, which is bullish uptrend status. Positive RSI, divergence supported upmove. Sector chart is close to two previous lows, and sector chart has only to close above 10388.76, to confirm bullish pivot break upwards. FCAP, is up today and it it closes above 10.375, will confirm bullish pivot break upwards .Bollinger bands are going up on both timeframes , weekly and daily, which is bullish.
FCAP will not pay a divvy this year as declared in the annual report . However, they should report decent numbers once the merger has gone through. Reasonable recovery play
No
Is the yield of of 15.42, for real , for FCAP ?
Moved this one quickly on the bid side
Cenkos shareholders are in line for a 3.5p dividend.
Bottom,
What you’re saying would be true if Finncap were only giving away shares. However this is not the case. They are acquiring the assets and (hopefully!) the future profitability of Cenkos for the £20m or thereabouts worth of shares they will be issuing.
As of Cenkos’s most recently published results that would equate to about £16m of net tangible assets. My own conservative personal assumption for their future profits is about £2m annually. That’s in the eye of the beholder of course but I think it’s reasonable given the historic profitability and the cost savings that will arise from the merger.
£20m of shares for £16m of net tangible assets plus a couple of extra million a year in profits? Not bad if you ask me.
Major drop in Fincap SP coming then.
Not a good deal for Cenkos PIs either. Current Cenkos SP =36p but only getting 3.19 Fincap shares per share so but of a hit I would say for those shareholders.
Also, Fincap has approx 151Mil shares wheres Cenkos has 57Mil shares.
So that means Fincap will have to DOUBLE their number of Shares in issue to accommodate the Share transfer (unless Fincap has over 160Mil+ shares unissued in their back pocket.
SO at least a 50% drop in Fincap SP coming..... unless I'm not understanding 'HOw' Fincap are going to get around that one.
I guess it's time to BAIL until after this merger and see what the SP does.
Clearly a deal made to cut cost in these difficult times for AIM brokers
Must admit i'm a bit disappointed with interim divi being removed. It would have been much better for sentiment if a token 0.1p was dished out to shareholders.
You're right Terry. I missed that.
In their AGM trading update on 15 Sept, they said they'd be releasing their interim results 'in November'. Where are they?
Today is a good day to buy. Interims due next week.
Well there hasn't been a huge sell off today. Price opened low, but volume is also low and seems to be more weighted to the buy side!
At least another buying opportunity, the offer never seemed to be going anywhere,added a few more GLA
For me finnCap stood up to the bully, good for them. They said they expected a better H2, so happy to sit on the shares at this price, even bought a few more this morning.
Shame no agreement on takeover but should demonstrate value here of at least 20p/share.
I'm happy to HOLD and will very possibly top up if the portfolio allows!
This shows the BOD have a good idea that the business is worth a fair chunk more than the (whatever it was) Pmanure offer. Sectors don't stay out of favour forever and the key is to get in before the tide turns. You might sit on a small loss for a while but when the money cycle shifts you get a far better result.
The price rumoured showed that this was a bad deal for most shareholders. Not so much a merger but more an annexation. It's an escape for now. To my mind finnCap need to ensure that everybody in their organisation is pulling in the same direction.
Phew .. the great escape! Now let’s add some value ????
No deal with Panmure thank god Bob Diamond knows what he can do with his miserly offer!
Agree, was thinking this earlier that any offer has to be at least 3 or 4 times net profit + cash in bank.
Let's not forget that the £37m offer (20p) is not official, but merely a (wishful thinking?) leak to the press, and Finncap have not made any comment on this via RNS.
Well 5 x net profits, plus cash in the bank. At least £60 million I would say.
Which is around 32p a share( also happens to be about the highest price paid in the last 12 months ) some paid as high as 45p
Is Another option that there might be some equity of panmore gordon on the table as well as a cash payment?