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Nunky , not an expert and did top up last week or rather reduce average cost of purchase. Yes I was slightly disappointed but in fairness nothing really in the rns and is a much longer holder than I first though. I see a holder has reduced by 8% so will be interested to see who bought them.
I though u said last month that u sold out? Did u buy back in?
Where’s all the experts today? After talking **** for the last year or two telling everyone how wonderful ALM is? You know who you are.
Personally would prefer a listing and sack the board. The rest of the information was mainly positive, even if spin memory lost 9 months. Fed is on an exponential rise which should be worth more than Alm by 2022. Crystal will not want delisting so can see this turn into a fight. Anyway happy new year long suffering holders
If prospered delisting without an offer be prepared for a fight.
If the majority of shareholders do support de-listing, the minority have few options. The Listing Rules contemplate that the UKLA may refuse to cancel a listing if the correct procedures are not followed, but they do not prescribe for the UKLA any role in assessing the merits of the proposal or in protecting the interests of any particular group of shareholders. It is known, however, that in some circumstances the FSA, in its capacity as financial services regulator, may not allow a company to de-list its shares where it considers that the minority are being treated unfairly.
Future change to the Listing Rules
In its consultation paper, 'Reviewing the Listing Regime', published on 8 October 2003 (after the LSE's consultation on Rule 39 had closed), the FSA stated that some time in the summer of next year it intends to introduce a new rule which will require a company proposing to cancel its listing on the Official List to obtain the consent of its shareholders. Details of the exact rule changes have not yet been published.
“If the majority of shareholders do support de-listing, the minority have few options. The Listing Rules contemplate that the UKLA may refuse to cancel a listing if the correct procedures are not followed, but they do not prescribe for the UKLA any role in assessing the merits of the proposal or in protecting the interests of any particular group of shareholders. It is known, however, that in some circumstances the FSA, in its capacity as financial services regulator, may not allow a company to de-list its shares where it considers that the minority are being treated unfairly.
Future change to the Listing Rules
In its consultation paper, 'Reviewing the Listing Regime', published on 8 October 2003 (after the LSE's consultation on Rule 39 had closed), the FSA stated that some time in the summer of next year it intends to introduce a new rule which will require a company proposing to cancel its listing on the Official List to obtain the consent of its shareholders. Details of the exact rule changes have not yet been published. “
Possible delisting is bad news.
The rest of the RNS Is surely just waffle we have had before?
Perhaps Crystal had advance warning and so they reduced? Could be ploy to get share price to drop and then will be low ball tender offer to tempt minorities?
This will further accelerate Federated's valuable recurring revenue model into 2021. Federated expects its revenue to grow by over 500% in 2021, Federated has sufficient cash to fund its growth into 2022. Allied Minds currently owns 36.61% of Federated
Good to get an update. Mixed update but mainly positive. I wonder if they will delist based on last comment. One to leave away .
There’s only three things guaranteed in life. Death, taxes and perpetual disappointment in ALM
Being the board have such obscene considerations for the work done they could at least post information on how they intend to earn these sums. All I can hope is this is the lull before the storm, though I doubt this bunch could raise a zephyr. Happy new year to all you patient generous investors may I thank you all on behalf of the board....
Is this now on the turn? Looks like it but perhaps too early to tell.
The post money valuation for ALM is now some £9m - up from some £2.5m.
The new money is an important validation for Orbital & the company is now becoming a potential winner for ALM; not on the scale of say Spin or Federated but welcome nonetheless.
https://twitter.com/surprised_trade/status/1339901675021217792
been a faller recently from 40p with no news flow, averaged down today as opportunity knocks #ALM invest early stage IP companies & investments have increased in value, at some point soon expectation is share holder value will also increase along with ALM's pf
It's rude to pick bottoms as they say.
An RNS or media tip could see them shouting up.
However, when or if that will happen is anyone's guess.
Perhaps selling is from people dissatisfied with the RNS of 19th Nov. The decline seems to coincide with this. I wonder if the buyer:seller ratio going dramatically positive is indicative of a bottom now or is that wishful thinking?
Not sure how you could lose all your money on this. There is no debt as far as I understand the situation. Major support at 29/30p. Should hold. Perhaps big seller finished now?
It also strikes me that the markets seem very subdued at the moment on Brexit fears.
ALM being invested in US stocks should not be effected, but maybe it is effecting everything a little.
NuckyT,
I apologise if that is not your game. You do seem unduly nervous about ALM.
Is it the right investment for you ?
My opinion of ALM is like a lot of tech shares with no news they tend to fall.
I don't think there is anything sinister about it.
However, ALM has what a good set of tech investments and I believe it is valued at about half the estimated diluted cash raising value of it's holdings. I hope we will see a good return, but that will probably be in the medium term.
In the short term we could well see another IC (Simon Thomson) update at some point ...
Red ninja. I never thought this day would come but here it is. You have actually made my day with that comment so thanks for that. I can assure you that my position in ALM will not go up. That’s as sure as Tom Cruise taking a flakey over social distancing. When I see bug sales or big buys it means one thing. Someone knows something we don’t. I’ve got just as much to lose as anyone on here and lie anyone else I’d like my investment to go through the roof here. I just can’t see it knowing my luck.
Yeah nothing strange about the pattern.
We drift from low 30's to high 30's
The next news is likely to be a disposal of assets I think. But when that will be is a magical mystery tour
Who knows . . . . we may even get an IPO :-O
Nothing strange here as normal NuckyT is trying to worry weak holders so he can buy their shares for a few pence cheaper.
Mppotus, that’s just it, there’s no news. They say no news is good news. We’re finding out if that is right or either that or we’re going to lose all our money we’ve invested.
Pretty normal for this time of year.
What's with the falling share price. No news flow from Allied.
Looks like there was something behind those big sales the other day. Rugs been pulled from under this one
Fed have nothing to do with the auction. Cbrs is not possible or permitted without the inclusion of Feds technology. Google and commscop also. My understanding is Feds is the most advanced