The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Cancellation - Abal Group plc
from Regulatory News | 7th February 2020 07:00
RNS Number : 2447C
AIM
07 February 2020
NOTICE
07/02/2020 7:00am
NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM - XLON
Pursuant to AIM Rule 41 the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.
RNS OUT!!!
Any1 email Simon Charles to confirm?
Why you saying no news. When you are getting plenty of news only problem is this is lemon share
I am hoping no news is good news but have basically written of my investment here
Perhaps they'll update us today with cancellation tomorrow.
Yes, it's correct...that the new shares will move over on the Main Market.
We need to disregard AIM rules here as they no longer apply.
I have been in touch with ABAL throughout and am very hopeful and confident that things are all going as planned.
Yes, there has been a delay in getting the deal done due to certain legal hiccups which have been resolved.
Anyone that needs assurance here....i suggest you contact Simon Charles who has always entertained me with a positive outlook.
Should not be too long but who knows ?
Ah that’s good news
Yes it was said Supply@ME want a listing on the main market. So it's possible our shares will be moved over.
Didn't someone mention deadline doesn't count as New company is not AIM, Supply Me is main market listed?
Tomorrow is judgement day for our investment. Good luck all.
Doomed by the look of things!
As there has been no communication/RNS etc have you been able to find out any additional info? Or are we doomed :)
Either today or tomorrow
Yep it’s pretty dam close
NoMark How much longer do we have until this is de-listed? I thought it was tomorrow
Should get a RNS very soon now. Received a email from Eight Capital a month or so back saying things are going to plan. GL
Excellent post Still Waiting
I have been in touch with Stanford Capital Partners last week and spoke to Patrick Claridge and was advised trading of shares will resume in February:)
We are also awaiting a substantial update regarding the reverse which should have been out last week ....so it should be this coming week.
I would say Mcap will be no lower than 50 million but as you've mentioned that we need to know how many shares they will issue?
I do know that the placing shares were bought up by a selected few and not to any existing share holders.
I am very excited about Supply@ME and cannot wait to see it grow over the months ahead.
There will be lots of contracts news coming out from our new company when it finally re lists for trading
If they have funders, game on, I can only see demand for stock finance outstripping supply of funding so it all becomes a margin game. Maybe 1-2% margin on 600m funding less opex giving annual pbt of possible 3-5m on a PE of 15 would get you the mcap of £45m, just how many shares to work out sp.
Get regulatory approval for delinkage of stock deals and sky's the limit, only restricted according to finance from funders, if passes risks on from banking sector I can only see huge huge demand.
Fingers xx'd,
it's been a long haul.
Ace they have now exceeded 600 million
I can already see that target of 1 billion by Sumner.
Simon Charles will be stepping down once reverse gets done and will be replaced by Alessandro of The Avantgarde Group who own Supply@ME
I can see our Mcap in excess of 45 million here
Hi Ace
It's Connor mate.
Been away and had to set up a new account here to communicate.
I say news this week and we are probably looking at a much higher Mcap when re listed for trading.
Avantgarde group was valued at around 75 Mill Mcap and that was over a year ago and they are going great guns and we are also looking at the European rollout piggy backing off Europes number 1 blockchain platform SIA
My take is 35 mill to 50 mill Mcap here, so no idea how many shares will be issued for the reverse and funds moving forward?
Let's see what the next RNS reveals to us all.
Not long to go now
GL
What normally happens is the shares will be cancelled and new shares issued. There could also be a consolidation, maybe 1 for 10 or 20.
What happens to our shares if this is delisted from aim? Can they transfer our shares over to a main market listing?
When is the confirmation of the deal going ahead and complete?
https://www.linkedin.com/in/eduardo-revolo-770324162/
Check out his experience entry.
"Since January 2019 Supply@Me has grown adding 500M of contracts value. The aim for this year is to bring the value to 1BN euros, working with a wide network of experience professionals such a CFA, consulting firms, banks and insurance firms. "
The date has been mentioned a few times here but they have said they intend listing on the main market not AIM, so they would be delisting on AIM anyway, so the date doesn't mean anything IMO. Looking at above I hope they still intend doing the deal!