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I think it is just normal procedure but I have only seen them if they move 50% or so. Anyway will see how price reacts tomorrow
Basically that the significant rise was caused by suspicious of insider dealing? They say it's not! That's how I read it! Your turn !
I wouldn't normally be surprised by 1 x SP Monitoring Ext if a stock had been particularly heavily traded during the day and was highly volatile just before the closing bell, but to have 2 with our last recorded trade being a small buy @ 15:55 plus it's a bit of a stretch to say it's been volatile or busy here today. Most perplexing... could be tied in to the minuscule free-float?
I wonder if they think their may have been a leak and are covering their side .
Read this http://fshandbook.info/FS/html/handbook/DTR/2/2 And then tell me what it means - I think I understand it!
Cheers Alpha-I see that now. All still a bit strange though. Wonder what tomorrow will bring??? GLA
It's because it went into extended auctions after close, bid and offer remain correct.
To see how this reacts tomorrow morning. Looks like they have run out of shares! Not sure why there has been a release from the company with only a ~40% rise (if that). Look at GATE - a 1000% rise and still going (no idea what is going on there and I am staying clear)
Never seen this before. LSE shows closing sp as 75 but Money am shows it as 85. Something's not right here folks imo only, but no idea what. Any ideas??
Looks like the mm was struggling to hold it hence the rns.
Don't know why you have to release a statement to say you are not sure why the SP has gone up slightly. Seems a bit strange. 2 extensions to SP monitoring after play is more interesting! Any ideas anyone - is something about to happen here?
Buys showing as sells - just bought 1114 @85.25
Need to break it today and we'll be off!
Is £2 per share, then I'm cashing in. Whether this is reached over the next few days/weeks or months I ain't budging! Any news and this will go into orbit!
Took some more here today, no brainier both here and CHAL
To top up 1K
That's a pretty punchy statement!
"The Company is targeting a significant deal; accordingly a listing on the Official List of the FCA, as opposed to a junior market, matches the future ambitions of the Company in terms of scale, quality and appreciation in shareholder value."
Initial fundraising was at 50p. Take a bit off for the various costs involved and that gives you your current downside limit. However, these guys are top-notch, with excellent credentials and track record, and they haven't gone to all this effort just to walk away. But it's still nice to have a feel for the 'risk' side of the risk/reward thingy. "Auctus Growth PLC - Initial Public Offering 22 August 2014 Auctus Growth plc ("Auctus" or the "Company") is pleased to announce the results of its successful placing of 2,440,000 Ordinary Shares (the "Placing") to a list of professional investors and institutions and the initial public offering of its entire share capital, being 2,440,000 Ordinary Shares. Auctus has raised gross proceeds of £1,220,000. Auctus has been formed to undertake an acquisition of a target company or business. The Company's efforts in identifying a prospective target company or business will not be limited to a particular sector or geographic region. However, the Company expects to draw on the extensive experience of the Company's founders and its board in sourcing and successfully executing such transactions. The Company is targeting a significant deal; accordingly a listing on the Official List of the FCA, as opposed to a junior market, matches the future ambitions of the Company in terms of scale, quality and appreciation in shareholder value."
Cheers, appreciate that.
Okenia in a holder and hoping for some positive news soon. What was the initial placing price for AUCT? Presumably if no deal is done and company is wound up this would be what shareholders would receive?
Said it before mate but you're one of my favourite posters on these BBS. The BBs are full of shte but I look out for your posts..... Keep it up buddy
If you haven't done so, do go and read the full IPO document. It's much longer (sorry) than the corresponding RNS but contains a lot of very useful information. http://www.auctusgrowthplc.co.uk/wp-content/uploads/2014/07/Prospectus-Auctus-Growth-plc.pdf For example, there is this little snippet under B.3: "If the Acquisition has not been announced by the first anniversary of Admission, the Board will recommend to Shareholders that the Company continue to pursue an Acquisition for a further 12 months from the first anniversary of Admission or that the Company be wound up (in order to return capital to Shareholders to the extent assets are available). The Board’s recommendation will then be put to a Shareholder vote (from which the Directors will abstain)." In other words, this will either work and be a success (they find a target and do an RTO onto the main market), or else we get the cash back. Big upside, limited downside.
Thanks guys.