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On the upside it can only drop 19p from here! Maximum
My GP says out by 2025
AConceptIsABRick, Why wouldn't you want to hold BELL after 2024?
If I try to be more considered (rather than ranting on here haha) in my frustration and confusion regarding this transaction, (BELL/TMT), I think that it's quite bizarre that both companies have the same broker. (perhaps this is at the heart of the delay / problem ??) It looks like both companies also have common shareholders, and whilst the deal very much appears to favour BELL giving them easy access to almost £5m of cash sitting in the TMTA shell, one has to question what's actually in it for minority TMTA shareholders, many of whom invested into a company with a seasoned BOD and an ambition to do something more imaginative than to 2 years later sell their cash for a small premium to another AIM company that is hardly going from strength to strength! Perhaps the same thought is occurring to the TMTA board or the regulator of such transactions. Whatever the reason, an update needs to happen WELL before 4th March when this Takeover Extension Offer period allegedly ends. I don't want to hang around this share beyond end 2024 and I'm sure not many others do either.
Theboyg
My sentiments entirely. Surely their bank would fund. If not, invoice discounting?
Don't really get it to be honest. If they are messing BELL around others should be knocking down the door to partner with BELL given their market leading technology and pipeline.
No idea where March 4th came from
If that’s the case then that’s another 6 month delay on top of all other delays.
This share is rapidly developing a whiff of dead and buried
They seem to have done nothing since September. Trading update in January will, of course, promise more jam
But 4th March will see us at 15p without news!
I just don’t get why you can’t head to a bank. Show them 6500 orders that contain 5,000,000 profit along with an agreement assuring 36 million… and not just borrow!
This was their last chance. Their last year. Sadly we are all drowning with them!
Don’t panic though. DTC sales have trebled from nobody knows to nobody still knows.
And they have shipped or about to ship a few more.
Sad… pathetic… but utterly typical
If Paul Hill can’t get hold of them…. We really are fo£ked
Tend to agree with you. The RNS dated 28 November stated a short delay but won’t change the ‘irrevocable’ agreement between the parties dated 27th October.
If this is the case, I can’t understand what the delay is about, unless TMT are trying to squeeze even more out of the deal, in which case it wasn’t irrevocable after all and the statement in the RNS was wrong.
Haven’t seen this new date 4th March anywhere, but if this is the case its disappointing if it is holding up the production past November/December development period.
Yes, this new date is market sensitive information if it is holding up production this year and as such an RNS should have been issued, perhaps with a progress update to at least advise the shareholders that there is movement in the right direction.
TBH, I would expect this behaviour from TEK, as they seem to think their shareholders are just happy with the contribution to mankind and that they are not bothered about a financial return but thought the directors of this company would be normal and understood their duties to the shareholders – maybe being naïve, they are embarrassed having climbed into bed with TMT, who knows!
Personally, I’m sticking with it as it is a brilliant product and should do extremely well over the next few years, as long as they don’t ‘fan about’ for months/years and lose their market leading advantage!
Another day - another week - goes by with no news. As time progresses, I further question the moral and professional principles of the team ‘leading’ this company who seem happy enough to leave PI’s in the dark - yet no doubt ensure that their own pockets will be indeed lined. Had I not lost over half of a pretty large investment (in terms of my own investment portfolio) in this company, I would sell out and never look back.
Are they even in compliance with LSE protocol ?
My trading platform sent me a message saying that the Takeover Extension Offer has been extended to 4th March 2024. So until then, I guess the deal could still collapse. Not really great news tbh - no news likely until then so probably an equally as dismal period for the SP….looks like it could fall into the teens. WHAT THE HELL IS GOING ON WITH THIS DOG OF A SHARE??? Feels like PI’s are being messed around royally by the board. TMTA/BELL should have released an RNS announcing that the possible deal is delayed rather than letting our trading platforms / random press - tell us…
Looks like news is coming
Large drop and news is due about now
Not a good end to the week but defo a sign news, unusually, won’t be good
Delay delay delay… no deal…. Delay…. No money… new bits needed
Oh and delay
But we live in hope and my natural positivity will see us through
Good weekend all
Trading up nicely which is great for both BELL and TMTA. The fact that TMTA has failed to rise with BELL makes the discrepancy all the greater and the 3 BELL for 4 TMTA look increasingly compelling which is why my preferred option is by the TMTA back door. Certainly looks like positive moves are going on behind the scenes with due diligence feeding the rise. With BELL at mp 26p, 3 shares are worth 78p, that means TMTA should be 20p not 15p. Buying TMTA should give a nice little initial profit with plenty more to follow. What's not to like when TMTA NAV is 17.25p cash on deposit. WIN/WIN
Https://ukinvestormagazine.co.uk/tekcapitals-belluscura-set-for-a-landmark-year/
https://zakstraderscafe.com/bulletin-board-heroes-january-3/8239/
I will let others comment on the relative price to TMTA, but BELL is around 70-80% below what a typical valuation model would give, so seems natural that it will go up over time.
26 trades showing elsewhere
185k buys
49k sells
At the moment you can buy 10000 TMTA for £1590 and buy 7500 BELL for £1940. If the 3 for 4 deal goes through then the TMTA holders would swap their 10k for 7.5k BELL.
Not a bad exchange and TMTA is also asset backed at 17.25p cash per share.
The rising BELL price on nil trades would theoretically indicate that a deal is imminent?? As TMTA shareholders are accepting on a 3 BELL for 4 TMTA basis and BELL shares were higher at the time then this has to rise to secure the risk/reward. If due digence is indicating that this is an excellent deal then MMs are raising the price on nil trades as the deal is signaled for later in the month. Just logical speculation obviously but it does explain the anomalous upswing here as risk reward shifts. TMTA is still the best avenue for entry IMO and yet no movement there.....yet??
It upsets me I couldn’t draw you in
The force is strong in this one
Theboyg - At a guess, there must be someone in the background buying, snuffling away, but only wanting to pay the bare minimum – trouble is, as nobody seems to want to sell, and price creeping.
I suppose one of the new holders may sell another few lumps. Maybe it’s their business to make a quick 20% buck, short term and move on. Perhaps it’s not their business to stick around long term and make money from the actual business itself? Nothing wrong with that, each to their own..Who knows, maybe some late reporting coming up?
Saw your comments 31st December at the time – a nice cheery end to the year – TBH, I couldn’t be bothered to rise to the bait, poured myself another sherry instead and passed out!!
Happy New Year by the way!
Excellent new evidence to confirm that I have no idea about trading shares whatsoever
Nothing showing
Up 10%
That would appear a sensible approach and would also appear to be going quite well ?
It seems highly likely that the delay in the TMTA takeover (ie an instant non-dilutive cash injection of c£4.5m) is dependent on TMTA doing due diligence to answer your exact concerns. Essentially Belluscura is sitting on a huge potential market and confirmation of production and gear up will cement the deal. The cash is vital. TMTA with its own NAV well above current MCap appears to be the best entry gate to BELL. It gives the potential without the risk. The only possible downside is if the deal does not proceed but that would mean that BELL would have to dilute existing holders by obtaining funding elsewhere at high interest rates. This is an interesting conundrum as the deal with TMTA looks increasingly appealing to those buying TMTA as BELL price rises. Novel.
They have 6500 to make
My guess is they have made close to none despite 2,500,000 being made available outside of this deal (or thereabouts)
Not a single explanation of numbers. Without the money they are dead. The 2,500,000 seems to have done little.
You know it’s bad news because they publish all good news immediately and we are the last to hear of bad news
Not a single number hit. ‘Trebled’ direct to consumer. True it will be. But is that one unit to three units….
Literally naff all news of any substance other than more people to sell to.
Not a lot of good with naff all to sell. Last year’s numbers were lies. The total income was nothing close to the ‘out the door or soon to be out door’ numbers they stated yet it seemed to bother nobody on this board.
And nothing seemingly produced in three months worth any sort of mention
The next news will be the deal is off…. Or that they want more for their money
Either way the delay has certainly slowed or stopped production to almost zilch
Now they have a new sieve??? Makes it last so much longer. So money on inventory wasted… more time wasted…. And a new improved product to make when old one wasn’t being made much anyway.
They have them over a barrel! They will need another refinance even if this deal goes through.
Delay and excuse…. And don’t believe anything until you next have numbers
Actual numbers . Not 5000 out door or soon to be out door. Just want to hear how many made and how many paid for
The rest is noise
So you can tip this share all you like…. If it don’t head north from here it’s dead anyway… but announcements can’t be trusted until they are confirmed and numbers follow
Appalling comms from this company which tells you why they are here in the first place
I’m here to get my money back
So no digging me out. I’m here… but can someone actually enlighten the shareholders please. The delay….. what is happening and why the hell is there no news
Happy new year to all
Logic says to invest in TMTA with minute overheads and 17.15p a share cash on deposit assets as opposed to Belluscura needing cash to meet demand.
The offer of 3 Belluscura shares for 4 TMTA initially valued TMTA at 21p share which was a decent risk premium. The fall in BELL to 22p means that each TMTA is only being valued at 16.5p which is laughably less than its NAV.
I'm pretty sure that the offer doc delay is due to TMTA doing its due diligence and wanting to see concrete evidence of progress and sales. Once that has been established then the transaction should quickly follow.