Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Ask cheaper than the bid here at the moment amazing lol
If interested please see AssetCo write-up here: https://www.upsidedownsidecapital.com/p/assetco-plc-downside-protected-significant
I think it's attractive at this point, with significant potential upside, and the downside quite well protected. The possible Parmenion transaction as reported by Sky (link in write-up) could really help to highlight the value.
Just checked with my broker and it looks like a max 10 days from 21st June it should appear
Has everyone now got their cash payment for their river & mercantile shares or are people waiting?
Does anyone has a copy of the Numis research note they can link / share here...?
CityWire report the following: "An investment today is as much about taking a view on management’s ability to deliver their strategy, as it is the investments made so far,’ they noted. We see significant opportunities to build shareholder value and we think this could deliver material upside for shareholders."
https://citywire.co.uk/wealth-manager/news/numis-initiates-coverage-of-assetco-with-a-buy-on-20-upside/a1548269?re=88635&ea=471554&utm_source=BulkEmail_WM_Daily_PM&utm_medium=BulkEmail_WM_Daily_PM&utm_campaign=BulkEmail_WM_Daily_PM
:-( what)
Getting a bit livelier now. Hoping for a 10 for 1 share split to improve liquidity
Is there anybody on here? Asking for a friend
Just in case anyone is interested - check out the members of DAGG LLP
21 July 2020
Minoan Group Plc
("Minoan" or "the Company")
Reorganisation of funding arrangements, placing, update and General Meeting
The Board of Minoan is pleased to announce the successful reorganisation of its only secured borrowings (the "Existing Loan"), the cancellation of warrants and rights to future warrants and a small pre funded placing to provide further working capital.
Whilst the transaction is complicated and involves short term cost it will result in a significant reduction in the long term fully diluted capital for the benefit of all shareholders.
The refinancing is being undertaken by a group of existing shareholders in the Company through a special purpose vehicle DAGG LLP ("DAGG" or "New Lender").
One being Martin Gilbert !!!!
Will shoot to 200%
I got raped by these left with 3 shares now
Hi All,
Anyone aware of an Assetco shareholder lawsuit against Grant Thornton? I was one of the many shareholders that they failed.
Thanks!
Now offering 294 to sell on ASTO. 20 shares will cost 315
£2.25 net asset value at interims, the £21m is worth a further £1.72 and if they get the interest as well that's another £1.75. So you're talking a share price of £5.72
If the judgement interest alone for 9 years is taken into account at 8% then compounded you have an interest figure alone of £22m plus £21m award
Plus £19.6m cash as of last accounts
Plus legal costs award.
What does all that equate to?
They won’t appeal. Already fined and that judgment was adamninv indictment. Also got enough on their plate with CAKE
I think it suffered yesterday as WEST had 45,000 on the bid all day. They appear to be gone now.
Good morning
Should rise significantly.
The award of £21m
Then you have interest and the legal costs which have been absorbed in the annual accounts.
Will the judge charge the losses from 2009?
Nine or Ten years compound interest.
In the County Court the interest is 8%.
This judgement of interest could be anything from 1% over base rate to 8%.
Interesting as the claim with interest is for £40m
May not be far off that.
The judgement is 500 pages so an appeal is in my opinion highly unlikely.
Should be a good day today.
So last cash balance figure £20m
Full claim paid £40m with interest.
Plus legal costs.
Current mcap £35m
???
After yesterday’s manipulation let’s see if true value will out today.
https://www.law360.com/articles/1124068/grant-thornton-hit-with-20m-negligence-ruling-over-audit
Notice how WEST are now off the book? Should motor tomorrow.