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https://www.lse.co.uk/SharePrice.asp?shareprice=SYME&share=Abal-Group-Plc
ticker changed to syme...
Not on LSE yet but keep an eye out. Company is currently sorting everything out. 100m market cap! It's a good time to buy some cheap shares before news comes and SP flies!
Is there a new LSE page for SYME?
Shares all count the same.
Does this mean we have shares in the new company as of the 23rd March Monday and how many shares equiv. to our existing holding?
All passed. Listing Monday (probably) code SYME
https://investegate.co.uk/abal-group-plc/rns/result-of-meeting---approval-of-acquisition/202003201252110430H/
Morning, anyone in the know of any news or anything related with the relisting in this troubled times?
If we catch up with the NAV that they have mentioned in the prospectus then expect a X 10 Bagger from the list...which is possible I believe based on the numbers
GLA
PMH Capital on Twitter tweeted:
"Looks as if we have a new stock arriving soon on AIM, via a reverse takeover of ABAL. With a pro-forma marketcap, and raising $42.2m- @SupplyMe is a fast growing fintech firm that monetises inventory for businesses with a TAM of £1.9 TRILION." https;//twitter.com/CapitalPmh/status/1235462933561434113
8 hrs ago, Thur, 5 Mar 2020.
---
Just posting what was on the Twitter Abal thread today.
P.S. TAM = Total Addressable Market.
I stand corrected 5.9b.
Do the 5.9b shares hit the market or the 331.6m or both?
32b shares is ridiculous, makes my Million look pretty poor lol
They have a potential €1.9 trillion worth of business transactions to be got and they are the only monopoly
Being at the right place at the right time with the perfect supply chain solution for companies to bolster their books
Sounds good to me
Exponential growth and it has already proven its ability to do that
A real growth story here and I'm sure there will be a lot of smart tech investors wanting a slice of the action
I believe consolidation can certainly happen moving forward in the Supply@ME journey.
Just seems like the company wanted a lot more ownership of the project at a measly low price to pay hence the billions of placing shares but it does not tarnish the fruits to be harvested going forward with their business plan.
They have €1.9
Consolidation
What is the likelihood of consolation?
Link: https://twitter.com/proactive_UK/status/1235532018722750465
Abal plc.
Splendid news that it appears to be coming back despite what some doom mongers have suggested to the contrary.
Valuation looks way over cooked given the placing price is at a 90% discount to the suggested NAV and ultimately the SP will gravitate towards the placing price anyway, so this valuation looks like a way for the supply@ME people to retain as much of the business as possible. Anyway, interesting business and interesting sector notwithstanding the nonsensical valuation
Well, not worthless, but worth £230m. Will return on 23rd March. SP of the new company is similar to suspension price. So no RTO premium.
https://www.investegate.co.uk/abal-group-plc/rns/proposed-acquisition--admission---notice-of-gm/202003050700030432F/
in the first half of 2019, an additional prospective €300 million was originated. As at the date of the publication of the Prospectus and Circular to Abal shareholders, dated 4 March 2020 , €972 million of prospective contracts have been originated. The Directors and the Proposed Directors believe this makes Supply@ME one of the fastest growing inventory FinTech providers internationally.
https://www.abalplc.com/investors/prospectus.pdf
Does anyone know if this means anything? ^
Any updates or has this died, money gone????
Broker*s internal message quoted the AIM rules and that Abal has been delisted from AIM.
As such, it cannot be held in an ISA. It has to go into an Ordinary Share A/c or if one wished, the broker would send a paper certificate. The broker said to let them know one*s decision. If they dont get an answer, they will put the Abal shares into the investor*s Ordinary A/c.
Kindly check as that was the message to me said via the broker. Others may be different if they have different brokers.
As I said in my earlier posts a few days ago [can still see the posts], Abal is still live in Companies House and next a/c is in Mar 2020. I gave the LINK to Co*s House.
So, the money is still in Abal from the sale of the business. If they cannot do a Main Listing, they can REDISTRIBUTE the money in the bank of some $1m + milestone from recall but please check the RNS? The money still belongs to shareholders technically and legally? The money underpins the share price at close?
Tues, 25 Feb 2020