Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yeah open at 10p, then dive to .5
GB, one of those doc's ref's to a removal of 19 shares off ITS share register, seen those sort of things before, deliberate cancellation or addition of shares, so to become evenly divisible , for eg X number of iCON shares to be paid for Y number of ITS shares, that number divisible by say 10p , Brad's often mentioned floor. π€
See it as a positive step in moving the deal forward, price/valuation agreement ?π€
Https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/p4/technical-articles/reverse-takeovers.html
Decent read on what to expect.
Https://find-and-update.company-information.service.gov.uk/company/14703986/filing-history
now updated, although I cant see any changes? pretty generic doc/legal term sheet but there must be something different...
Perhaps the share transfer from Adam to Jas.
Nice little spot had not checked today either - Looks like getting all the little duckies in a line -
HEHE yes he does, not often you see him call out posters for being p&d ers when something is suspended. that's just daft.
Don't worry about him GB, all sweetness and light on many a share ππ€£π think he needs to find his own personal special needs share, on the Shangri La stock exchange, things only rise every day on that oneπ
Nice spot GB, looked yesterday again and still zip, so was leaving it until next week, yes all good stuff, getting their house in order, all records submitted to FCA via new enlarged company prospectus, need to be, or it will take a lot longer to return.
2-3 weeks on a clean first run, plus 10 working days for Market return, although concessions/overlaps can be requested, Richard Heads at copl , suspended day deal signed, then took 6 months to do the 4-5 weeks bit as their target companies record a complete shambles, as things generally were with Arty farty pants on fire.
WHAT? No newbies here you clown, its suspended.
Away and chase some parked cars man.
Gordonbennett1, how many stocks you and Ria20 P&D and the newbies left holding the baby?
Hope no one took advise from Gordon crook bennett
The articles of association set out how the company is run, governed and owned. Perhaps it entails the changes from Adam leaving?
I wonder what the new doc released today may be in relation to? any ideas?
https://find-and-update.company-information.service.gov.uk/company/14703986/filing-history
Giveing a m/k of roughly Β£ 24 mill
And approx 50mill added shares.
So, in march 2023, inthe style was sold , Β£1.5 mill,running at a 6 mill losses with a s/p of 0.93 and 54mill shares.
currently, Β£1 mill in profit and rto icon 11.6 mill shares.
so as a very rough guide,
37.6p
1/5 amount of shares,
7 x the value
gla
yeah that's right, his comments were very sp**** without any real substance, just seems very odd.
in the meantime we shall wait and see, i found it interesting adam had dropped off the its holding director register a few days ago. we know he left in the style in december, was the change on companies house all part of what's going on in the background? leads me to believe the rto is going faster than we may think?
That poster on the day sure was called juicy or something on those lines. he said 2 million take over if I remember correctly so that would have taken the share price to around the 18p mark if that was indded what was happening over a few sessions know doubt.
Yes thinking similar, the market intervened as it was re rating to the potential settlement figure, forget the name of it but similar happened on another of mine, few years back now, it was into a huge Tantalum and Rare Earths asset in Namibia? it was sat at 2p and flew to 12p, then fell back to 7.5p, think a bit of forward selling (easy profits for the funding wonga's) as recall the deal structure and associated placing finance package done at a translation of 6p.
F π, they are both currently CASH SHELLs , so its time some checked themselves into Rampton Hospital or took a visit to Mensa, to check for an IQ, a cash shell has rules and taking over another cash shell, is not one of them.π²π
Think its desperation as nothing seemed in the pipeline when ITS got suspended (you guessed it got a punt locked in there also ) On a historic note, I have had 3 that dropped off sat in the bottom drawer for 1-3 years, then out of the blue came back, the most recent one of those long waits being what is now Bradda Head Lithium
When I got in they had association with Jim Mellon aka bank of Mellon New York and in the medical and prosthetic's sector, came back a miner ππ€£π
On the last day of trading it was very difficult to buy sub 3 and then it started to shoot up when word got out. The posted who leaked it I still have questions on but they have deleted their acc. Initially I had assumed it was just someone spouting nonsense in an attempt to get the price up but it would seem they were indeed in the know!
My second tranche of shares is averaged about 4.44p My first tranch well least said about that the better lol.
Im really struggling to understand why ITS is still being mentioned. ITSARM is a shell with no ties to In the Style other than the sale of its business in its previous form.
VT I think you will still be favourably rewarded from your average, 2,3,4, 5p no difference really if we open 10 plus min
Better than mine this time around GB, jumped back in at 10p , refused to play the old game again initially (mistakeπ) but then loaded more on the what then seemed rock bottom low, so mine as said a tad blue on suspension 4.975, with this ones history , would happily settle for 15p, hoping for more , see no reason if they can agree a deal in the range Jarem has mentioned 50-100m share return, it has a great chance of a big multi bag re rate.
But as , think it was Jimmy posted, nothing more dirty than BUSINESS π
Question is how greedy the owner of In the Style is, the Main listing will open lots of doors for his company, be stupid to push for too high a valuation to agree the deal structure, something he will undoubtedly benefit from short-long term on return with many millions of shares in his back pocket (cough) π
Ffs , its not splitting shares its determining how both are valued and coming to an figure on what the new company will be initially valued at , in the style will get its icon shares based on that price, be it Brads much mentioned still sees our floor as 10p or other figure agreed on. The new enlarged company with have Xm shares in issue determined by those agreed figures and share price conversion agreed on (current 5p , Brads 10p or more/less)
As we still retain the bad designator i con , from the days of playing with skin in the laboratory, fully expect to come back as In the Style or other new name as part of the rto prospectus.
I digress , came back as just had a look at some of my others and ppp very low MC, my Cobr and Urah also main market and both around Β£6m MC, so unless jumping up to the premium segment, appears no financial limit to standard segment listings. GLA.......
l8trs
VT you are right little downside nd high excitement now! My average is 3p so im more than comfortable who ever way it goes.
If the transaction falls through we drop back to the low 2-3p if it goes ahead its 10p minimum and that's pretty conservative. THE SP WAS 10P a few months ago before whiff of a game changing RTO.