The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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When do we anticipate a return to market? Any news on how the takeover is progressing?
What do we think the SP will do upon re-entry?
They are hoping early in September, here is a link to the latest interview with Kanabo
https://www.lse.co.uk/ShareChat.asp?ShareTicker=SOP&share=Spinnaker-Opportunities-Plc&thread=DAF2A0A3-E105-485A-AE48-3ED6C8F18759&reply=true
Go on youtube, you will find a number of interviews with Kanabo Research and Spinnaker Opportunities.
As to price, not a clue. It really depends on what publicity they get. Good luck
Bravo, even with Kanabo’s current business size we must be looking at a MCAP of around 15-20 million wouldn’t you think?
AJ I think you are correct 20 million would be about right. Where it goes from there depends on how sales go, which should kick off shortly. After that it’s anyone’s guess. I tend to think it will be a very popular stock which should put the price up. Do you currently hold SOP?
I do bravo, since early this year, I assume you do too, we should do well out of the re-list.
Well done AJ, I first bought nearly two years ago, then topped up when it was announced that the target was a cannabis company. I stayed just under 3% which was probably a mistake, will be topping up. I tipped a friend who has promised me a drink if it goes well, it’s going to cost him a fortune!!
Bravo, any inkling on a re-list date?
AJ I thought mid to early September, very quiet at the moment so possibly later. I don’t think it has been as easy as they thought.
Bravo, appreciate your updates, I take it they have had trouble with the regulators then? Do you think October is realistic or could it slip further?
October is achievable with a following wind. GLA
Remember this has taken two and a half years, it has taken some staying power to stick with the company all that time. I’m hopeful that the wait is worth while, the paperwork was always going to take time. What the company is doing is ground breaking, we will be the first to list in this space, quite an achievement for Andy and the team
I guess it's not going to be October then...
Bravo did say October with a following wind, clearly no following wind, any idea when it will be from now Bravo?
The wind was to light. November is next target date but even that can’t be certain.
All is good with the RTO then as far as you are aware?
From what I’ve heard it’s still going ahead, but slower than expected. It’s disappointing that we were not first and Zoetic beat us. Keep an eye on Zoetic, it’s interesting what they are doing. Their share price has done well.
I've heard 'good progress' is being made and that there will be an update on RNS soon. Fingers crossed.
We might make it one year in suspension at the rate we are going.
when on earth is this coming back? I got 6k stuck here not doing anything
Good news of course, it appears almost certain this will go ahead, happy days. Can’t help thinking though the only reason for the update today was out of necessity because of the the loan(s), I still think we are a a good few months away from actual re-list day, the birthday for suspension won’t be far off the mark IMO.
I can’t see a General Meeting before Christmas so mid January would seem sensible. Then relist in February. Nearly a full year in suspension
It’s building, slowly.....
AJ would be nice if they could speed up a little
Bravo - tell me about it.... I realise these things take time with all the regulation, but jeez... positively with the money being borrowed going to boost sales hopefully this will boost the market cap by the time it RTO’s and re-lists.... maybe a big deal is being developed!