The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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It is going to be interesting to see where this goes next week
https://invst.ly/apswp
If it gets to half that I will be super happy. A fun one to hold.
On what do you base that?
days.
Well it depends on the company and market cap. I would hope the SP to be over 10p within 12 months.
Shenners fair one best of luck with the trading at least we can all stop looking on Linkedin now lol
I felt the sell was overdone just because of Peels exit. It really wouldn’t surprise me to see another holdings RNS and board appointment next week. I was 50/50 but I decided to make a quick 10k instead
In what timeframe are you hoping that this share gets to 10p?
Just out of interest Shenners why did you buy so many was it because of Peels buys?
Still a great share to be in and I’ll take another just slightly smaller holding in the next few weeks.
Henners, Shenners ;-)
wow 10p is an impressive target. If it reaches that I will be extra happy.
My personal target is 10p. However it has the possibility to go much higher in the long term.
Just wondered what people's targets are for this. I see some quite high profile twitter users have high targets and wondered what ball park people think the share price could go to. I appreciate it depends on the direction the company is taken in.
Ignore this typos as on my handset
Have a pleasant bank holiday guys
See you all on Tues
Take a look at how bought cheap undervalued TECH based companies/assets in TERN as an example.
1 million will go a long way for us here and it may be more than 1 company/asset.
The news board of director(s) will also bring in its own street cred here.
Not long to wait.
Financial effects of the Proposed Disposal and use of proceeds
The net cash proceeds arising from the Disposal are expected to be approximately £1.4 million and will be utilised first to extinguish the Company's liabilities. Net of these liabilities the Company is expected to have a free cash balance of approximately £1.0 million on Completion after receipt of the initial consideration.
It is anticipated that the cash to be received by the Company will be used to acquire another business(es) which the directors believe will deliver greater returns for investors.
Totally agree, if this company was to go under it would've happened by now, that's my thinking. Best to decide if this level of risk is within ones appetite and keep adding in batches or dips to increase holding.
Nice 're cap jarv
I'd personally let them do their own research on this one.
It's all there for any one to see what's going on.
Think folk need to spend a few hours and do some real research here.
If one was to trawl through this BB ...I'm sure they will gather a wealth of information and make their own minds up.
You will.get all sorts coming on here now trying to de ramp covertly...Scully was one imo and there will be others.
Best to keep it quiet and we can just accumulate more shares here at this lowly SP
The Company is currently reviewing a number of candidates as potential non executive directors, each of whom is active and experienced in different aspects of the technology sector and will make an announcement about an appointment in due course
1 April 2019Abal Group plc(the "Company")(AIM: ABAL)Update on Board ChangesFurther to the Company's announcement made on 1 March 2019, the board has decided to continue with the services of Shawn Taylor as a director of the Company until a replacement non-executive director is appointed. The board considers it prudent for there to be no fewer than three people on the board at any one time. Mr Taylor became a non-executive director of the Company with effect from 30 March 2019. The Company continues discussions with an identified candidate who is currently the subject of the customary due diligence investigations of the Company's nominated adviser. A further announcement will be made when appropriate.
1 March2019Abal Group plc(the “Company”)(AIM: ABAL)Update and Board ChangesThe directors are pleased to provide an update following the sale of the Company’s business and assets (‘the Sale’) announced on 5 February 2019. The Company became an AIM Rule 15 Cash Shell on 5 February and, as such, the Company is required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 (including seeking re-admission as an investing company (as defined under the AIM Rules)) on or before the date falling six months from 5 March 2019 or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million) failing which, the Company's Ordinary Shareswill then be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM would be cancelled six months from the date of suspension should the reason for the suspension not have been rectified. The Board is now focused on examiningacquisition opportunities with the intention of selecting one or more fordetailed evaluation, which could lead to a reverse takeover under AIM Rule 14.Angus Forrest, who joined the Company in July last year as its chief executive, was tasked with saving,and improving,the Company’s business. Having both invested in the Company and achieved thoseobjectives,this led to interest from parties in acquiring the business whichin turn resulted in the Sale. Following the Sale it has beenmutually agreed that Mr Forrest would leave and he has stepped down as a director with effect from 28 February 2019.Simon Charles, chairman of Abal Group Plc, said “Angus wasinstrumental in stabilisingand starting therebuildofthe business, which has been to the benefit of the Company’s various stakeholders. The board thanks him for his significant efforts and achievement since his arrival and wishes him all the very best for his future endeavours.”
https://abalgroup.s3.amazonaws.com/reports/Notice-of-General-Meeting-Circular-Jan-2019.pdf
Wilfred clean shell looking at several projects waiting for the new bod member to be announced
https://beta.companieshouse.gov.uk/company/03936915