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Bargain ? or something else ? I WOULD THINK THE SALE WOULD BE ANNOUCED PRIOR ANYTHING ELSE ..
Never posted before but have been holding AXM a while and like others wasnt sure how the RTO would affects my shares. When the RNS was released I did quite a few google searches on Elight to see who they where and like others was impressed by the prospects...during the searching however I came across a document which went into depth on the whole RTO and had quick skim through...in it I recall that AXM were selling the ammleach metaleach processes etc for £150k??!! Wish I’d saved a copy though as I’ve since tried to find the document and it doesn’t appear anywhere? Whether it’s been pulled because it shouldn’t have been released I’m not sure? If the value was correct seems someone is getting a bargain.
How can we read that ? they are selling metalich whatever ,but they keep that to after the RTO? and they need more money for this RTO is that it? so how much they are selling that for , and where is the money going from that sell????? a bit strange don't understand …..Does anyone has a better idea ??? they have peoples interested on that , but they are not explaining this properly .I would think the sell would take place at the same time ,and we would hear first the sell price and value , followed by the RTO AND the rest ...
Agreed Unknown it could be mega.....and I'm pretty much attracted to the concept and business model as well and would also invest in it anyway.....the market for it is vast and they seem to have a solid plan of attack.
Put it this way, I would investment in this in any case, if it was already listed it would be something I would 100% buy into.
I think the potential of the product business model and sector are moving into actually far outweighs the potential for Metaleach personally?
This could be absolutely huge.
Although I think eLight might work out OK, the only thing I don't understand is why is there the need to raise ÂŁ3M (is that a further 13 Billion shares?...current MCap only ÂŁ1M ) through a placement whilst we are selling the entire Metal leach operation.....surely the IP rights/patents alone are worth more than that?).
Re metaleach, I think AXM techniques may have had a breakthrough and will be used on various projects very shortly and some people (but not us!) are going to make a shed load. Our current board are retiring or perhaps going to work for another mining company who will use technology that was developed by AXM? If that sounds a bit cynical it is because if that ISN't the case, why the hell would anyone want to buy Metaleach at all?
eLight EY Entrepeneur of the Year Finalist 2017.
I think they are going places.
Irish energy-saving lighting specialist Elight has acquired a rival company in the United Kingdom and said the new merged entity will invest €100 million in sustainable projects over the next three years.
The Dublin-based company is also looking to double the number of people it employs to 80 over the next 12 months.
Elight chief executive Ian McKenna said the acquisition would make the group the largest “light as a service” company in Europe.
Elight, whose clients include Ires Reit and Dalata, installs and manages energy-efficient LED lighting solutions for the commercial sector. It provides a “light as a service” model in partnership with the likes of Philips and Actavo that sees it paying upfront costs for installing LED lighting.
Founded by Ian McKenna in 2012, Elight saw sales treble to €4 million last year as profits rose to just under €1 million.
The company said it had acquired London-headquartered Energy Works Limited for an undisclosed sum and was to rebrand it as Elight Works with immediate effect.
Commercial clients
The former Energy Works had revenues of £3.5 million (€3.9 million) in 2017 and completed more than 100 projects for commercial clients in the UK and the Gulf States. Energy Works founder Harvey Sinclair is to stay on to run the UK business.
Mr McKenna, a former EY Entrepreneur of the Year finalist, said the acquisition would make the group the largest light as a service company in Europe with more than 600 projects completed and more than €60 million in energy savings generated for existing clients.
The expanded group, which is actively targeting opportunities in new markets, will have a combined turnover of €12 million.
“We are delighted to conclude this merger, which will open up new opportunities for our business to grow exponentially,” said Mr McKenna.
“This merger will increase our ability to access capital, meaning that we can deliver this service for our growing client base,” he added.
Works for me....................................I think we've landed a winner here!
Think about it.
This is actually great and I'm happy with it.
Will add a few more when get chance.
Sink with out trace that's my pitch! Be surprised if they surprise us. Lol too much clutching at straws here me included.
All about the sector.
I did say at face value, have not had time to research elight and the market, not a segment I have looked at before.
Sounds promising. ÂŁ28 billion market to get a share of. Money coming in for sale of Metal leach.....could really take off. Sounds as though northern Ireland energy investment grant msy be pledged,...there is plenty of grant money available for this type of project. Sounds OK to me.
I think you'll be very surprised actually, but if you choose to think of and see only a negative outcome then so be it.
Metaleach IP yet to be sold.
RTO for led lighting as a service company.
After placing holders are heavily diluted.
Doesn’t look like a great deal for existing shareholders at face value. Presumably requires a vote which maybe worthwhile blocking.
Not sure why CEO is remaining other than to continue salary in the role of continuing to offload IP.
Is this good or bad? I've no idea anymore.
...shouldn't have any problems keeping the lights on from now on..
So we end up with 14 per cent of new group before issuing another 3 million pounds worth of shares and selling all assets all for a company who made a massive loss last year totally underwhelmed gla regards jack
Further to the announcement released on 25 September 2019, the board of Alexander announces that it is in advanced negotiations to acquire the entire issued share capital of eLight Group Holdings Limited ("eLight") (the "Proposed Transaction"). eLight is an "Energy Efficiency as a Service" company with operations in the UK and Ireland which provides commercial customers with immediate energy and cost reductions with zero upfront investment.
The Proposed Transaction will be classified as a reverse takeover pursuant to the AIM Rules and accordingly the Company's shares will be suspended from trading on AIM as of 7.30 a.m. today. Completion of the Proposed Transaction is subject to certain matters including the completion of an appropriate sale and purchase agreement ("SPA"), the approval by Alexander's shareholders ("Alexander Shareholders") at a general meeting to be convened in due course ("General Meeting"), the raising of an appropriate level of equity through a placing of approximately ÂŁ3 million (the "Placing"), the grant of a Rule 9 waiver by the Takeover Panel ("Rule 9 Waiver") in respect of the proposed issue of new shares to the shareholders of eLight ("eLight Shareholders") and the admission of the share capital of the enlarged group to trading on AIM. In order to convene the General Meeting, the Company is required to publish an AIM Admission Document which will include, inter alia, information on eLight and the terms of the Proposed Transaction. It is currently expected that, should the Proposed Transaction proceed, the AIM Admission Document will be published in December 2019.
The Company also intends to seek Alexander Shareholder approval at the General Meeting for the disposal of its mineral processing technology interests comprising the assets of MetaLeach Limited as well as the entire issued share capital of MetaLeach Limited, pursuant to Rule 15 of the AIM Rules for Companies ("Disposal").
Rns landed RTO
two buys above SP, and the SP drops and no sells.
Not given up.
Yes, first they will announce the asset sale. Which should raise the share price significantly.