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Hugely impressive what Vin Murria did with Advanced Computer Software. Hopefully the company growth and share price appreciation here proves to be equally impressive.
"Vinodka Murria, who has extensive experience of working with private equity backed and public listed companies focused on the software sector, will be appointed upon First Admission as the new Chief Executive of the Company to lead the Enlarged Group together with Michael Jackson." - 23rd July 2008
https://investegate.co.uk/drury-lane-capital--asw-/rns/acquisition---placing/200807231520097323Z/
Commenting on the Acquisition, Vin Murria, CEO of ACS, said:
"In the six years from inception to February 2014, we have grown the Wider ACS Group's revenue to £203m and Adjusted EBITDA to £45m (CAGR of 46% and 44% respectively over the last five years), by a combination of acquisitions and strong organic growth. For the first six months of this financial year revenue was £108m, up 9% and Adjusted EBITDA was £25m, up 14%.
"ACS' value has grown from £32m to £725m, with the offer price representing an increase of over 724% over that period - this offer crystallises a significant return to shareholders." - 25th November 2014
https://investegate.co.uk/vista-equity/rns/offer-for-advanced-computer-software-group-plc/201411250700188977X/
A good opportunity to pick up stock whilst things are quiet here, instead of being forced to chase price when the herd cotton on.
Loads of upside from current levels. Vin Murria has that much confidence that she has invested £17.5 million of her own money here. That really is a huge committment if you think about it. It's a rarity to see a director investing such a huge amount.
By comparison a NED at PURP today bought £250k worth of shares and that has helped push the price up a few percent there. £250k is certainly a decent amount. But £17.5 million, that's 70 lots of £250k.
Follow the money.
Whatever the reason, I'd imagine there are a number of frustrated investors who'd like to trade the shares but can't due to the restrictions imposed by their platform.
Best solution is to try an alternative platform like IG or II which both seem to be fine.
Cheers x54v, though I still don't get it. Don't all shares use CREST ( ie certificate - less trading) anyway? There must be some finer detail for HL to omit it.
From HL - "Unfortunately we will be unable to list this stock on our platform. Due to the settlement restrictions within CREST, HL has made a business decision not to enable this stock on the platform."
AJB the same apparently. The fact that you can't buy and sell on a couple of the main platforms is likely to be putting a dampener on volume.
Anyone know why why the shares not available through HL, yet I can purchase via ii. I understand the shares are listed on the main market. Cheers NR
Thanks Hindy86.
80% held according to company website hindy. So once this 20% free float gets into sticky hands - yup none left
Gonna be no shares left soon...lol
So glad I managed to get in
I’m in, bought today had to open a share dealing account with ig as all my funds are with hl in isa and hl are not going to list it, will bed and Isa it when new tax year starts
From Hargreaves landsdown
Thanks for your enquiry.
I have chased your stockfile request for Marwyn Acquisition Company I (MAC1) which has now been listed as AdvancedAdvT Ltd (ADVT) on the LSE.
Unfortunately we will be unable to list this stock on our platform. Due to the settlement restrictions within CREST HL has made a business decision not to enable this stock on the platform.
I apologise for any inconvenience this may cause you.
Why won't HL be listing it?
"If this deal is completed a quoted fair value would be
· 14 to 15 times PE Ratio
· A further 20% uplift due to growth rate of the company
· A further uplift of 20-30% as a result of Vin Murria’s famous cost equity strategy
This gives a potential valuation of between 270p to 300 pence as opposed to the 120p today."
https://zakmir.com/advancedadvt-formerly-marwyn-acquisition-moves-forward-into-software-advt-mac1
£130m cash raised at £1.. £148m market cap and some heavy weight names behind it. Park your cash!!
Highlights
-- The Fundraising raised gross proceeds of GBP130 million (approximately GBP128.5 million net of expenses)
-- Placing of 94.8 million new Ordinary Shares at GBP1 per share (the "Placing Shares")
-- Vin Murria OBE (Chairman) has agreed to subscribe for 17.5 million Ordinary Shares at GBP1 per share alongside investors participating in the Placing (the "Placees"), and on Admission will hold 13.1% of the total issued Ordinary Shares
-- Marwyn Asset Management Limited has agreed to subscribe for 17.5 million Ordinary Shares at GBP1 per share alongside the Placees, and on Admission (following the automatic conversion of its existing 2,500,000 A shares of no par value in the Company into 2,500,000 Ordinary Shares on Admission), will hold 15.4% of the total issued Ordinary Shares
-- Marwyn Asset Management Limited has agreed to waive its rights to its 2,500,000 Class A Warrants conditional upon Admission
-- Gavin Hugill will join the Board as Chief Operating Officer with effect from 12 April 2021
-- Karen Chandler will join the Board as a Non-Executive Director on Admission
-- Mark Brangstrup Watts will step down from the Board as a Non-Executive Director on Admission
-- N+1 Singer will be appointed as the Company's sole broker with effect from Admission
-- On Admission, the Company is expected to be renamed AdvancedAdvT Limited, with a new LSE ticker (ADVT) and website ( www.advancedadvt.com )
Vin Murria OBE (Chairman), commented: "We are delighted to see such significant investor support for our strategy to capitalise on the opportunities in the software sector, and we look forward to deploying the capital to buy and grow an attractive platform acquisition. We thank our investors for their support and backing . "
Appears to be a decent buy in level this morning at only 10% above the major holders.
The significant shareholder list is something special;
https://www.advancedadvt.com/investors/shareholder-information/default.aspx
Ok just worked out that buys showing as sells, makes sense.
I’ll stop talking to myself now!
Website says £1.30, here says £1.15 my Barclays account says £0.01! Delayed buys showing from yesterday at prices upto 1.70, not available on HL, no chat on Twitter or on here! I’ve got no clue how this is going but I’m in for a punt at £1.13!
Why so many sells showing? It opened today, surely there logically has to be more buys!?
It’s available to buy on Barclays now btw!
HL won't be listing this stock. You can buy on X-O.co.uk
Vin Murria has put £17.5m of her own funds into this at £1. Buying anywhere close to that level is an absolute steal. Loaded up.
Just christening the board, trying to buy but not available on Barclays yet...
I presume this is ADVT formerly Mac1?