The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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To try and give some people's questions a bit of comfort -
We WILL re-list on a 'recognised stock exchange' as has already been confirmed
Delisting was always going to happen to allow this.
We will RTO into a biotechnical sector company specifically into early stage cancer detection.
Allan J Symms appointed May 2019 as NED to our board
Allan J Symms is a specialist in cancer research (look up his many associations)
Why do you think he was brought on board?
These things do take time. One of our directors (John Treacy) deals in corporate finance. He was the one that was involved in the RTO of ABAL - now SYME, which delisted, and now on FTSE main market. Just looking at just the relisting prospectus which is some 138 pages long, you get some idea of the complexities involved, which should go someway to explain why it took so long to complete.
The target has been identified, and work is progressing. Paperwork to complete, signatures to sign.
Nothing we can do now, but just try to relax a bit and let it take it's course.
Neil
There is a lot of conjecture in this.
"The target has been identified, and work is progressing. "
I could say that when I want to buy a house. "I have identified a house, and I am actively applying for a mortgage"
What I didn't tell you is the house is £5m and I nobody will give me a 95% LTC
You can spin anything to sound positive.
The only positive here is my small investment here could be worth a lot less if I had invested it elsewhere. If we do pull this off I would like to think I have made some money.
LTV*
well...i don't know about anyone else, on the day we get confirmation i may just open a bottle of Lanson and have a party with the dog!
Working on the basis that I will get just my money back and also as a back up, a contingency that they actually come back at less than the value they were suspended at!! These guys have given us the biggest clue to what a circus would be like in the city. No one and I mean no one takes 16 months to do something that was handed on a platter to complete, unless of course you are these guys.
So that I am ready for any eventuality I will say, just want the money back or whatever you can spare and I can take care of the rest, since eight on my list have 100% or more risen and I cannot release monies to them until this comes home. I am being realistic and not putting pressure on them to actually come back at a profit, that would be pushing them too far. An RTO into anything right now is welcomed. Lets just get it over the line and then we can get back to what we do best whilst these guys can go back and repeat what they are good at some where else!
Great post N62 ... I am hopeful of a positive outcome, hopefully while healthy enough to enjoy the money lol
Sorry but what a load of rubbish!
Any decent NED or Advisor or CEO wouldn't take this long to pull something off!
This was a total coin flip and the only people to prosper are/were the ones getting a wage from BOU.
You see it so many times if it isn't a coal field with a billion billion tonne coal its some spivvy blockchain company
You isn't hard to be AIM listed let alone by at the helm of a AIM listed company
Poor grammar at the end sorry
rooblertwo
I,m sorry you feel that way. Perhaps you could tell me which part you think is rubbish?
Every line in my post is true and easily verifiable.
Neil
For me I'd be quite excited if it was a blockchain company. Preferably not the spivvy kind or completely pure fintech. Tokenised smart contract technology has got immense potential in my view outside of pure crypto currency. Distributed networks handling massive datasets is a real growth emerging technology.
I'm happy to wait it out. Not that we've got much choice. Wishing all fellow locked in holders good health and good luck.
ATB LB
RachelsDad, party with the dog? if it's a very good outcome I might even give my dog one, but wait I'd have to dig it up first ;-) ooh too far oops.
If I get anything back out of this I might even buy a dog to party with!
Stay sane
This was nearly 11 months ago... like a bad dream!
Allan Syms, Chairman, said:
"The Group is in a good position to achieve its long term investment plans. Discussions are progressing towards reaching a decision soon on the investment and we will keep shareholders updated."
This was over 4 months ago... the longest admission ever!!
Commenting Allan Syms, Chairman of Bould, said: “I am pleased that we have identified an
exciting target in the biotechnology sector and are working towards completing the Proposed
Transaction and admitting the Bould shares to trading on a recognised stock exchange as soon
as possible.
“The Covid-19 pandemic is obviously a concern for all and whilst it is constraining certain
elements of the process to complete the Proposed Transaction and listing, we are still able to
make progress and are working hard to conclude matters. I look forward to providing further
updates in due course.”
This is a comedy!! Now we know Syms is a JOKER!!
BOD- terrible people incompetent, amateurish and irresponsible. Absolutely never anything else related to them!!
How about our protagonist of this story?? Antos... not long ago someone said he is a DEL BOY.... couldn't agree more. What a farce!!
I think the heat is getting to people
All we can do is wait and hope!
IF this turns sour, is there any action that we can take against the BOD, either collectively or individually, or should we not discuss that here on an open forum?
Marko why can’t you start ramping this share like you do on others and you never know our luck might change? Give it go?
Ramping ?? I don’t think so. All fact are there with CEO interviews. If is about here we are delisted so don’t really know what you talking about.
The guys behind BOU couldn't give monkeys about shareholders, it is clear they have milked the cow and I highly doubt they will be part of another AIM listed company so their reputation could be in tatters but it wouldn't change their way of life in the slightest.
Their quoted conversations can be interpreted in multiple ways, they could have been looking at the local dry cleaners as a suitable candidate!
Good luck trying to get any money back NMC are a good example of how investors got burnt and will NOT see anything of their investment!
I am in two other stocks that were suspended in the last two months and they have already announced their intentions and targets. Happy with both. This one, the one I trusted to get the job done, will be the one I will have to explain to my grandchildren when they ask "Grandpops, when the coronavirus market run happened how comes you never made on it?" I will have to embarrassingly say I left my trust in a large shareholder, who has since gone AWOL.
Fortunately NCYT (invested early March) and since yesterday N4P (invested since 2018) have come to my rescue somewhat, but still suffering like many with funds tied up elsewhere.
I think the answer here is an update for the BOD sooner rather that later.
haha I agree with both of you with that one!
However, I don't think we will be due anyone update any time soon. Why would they spend the money and time in giving us an update when they cannot get any more cash from us.
while waiting, what other shares r duo for a bounce guys
I like the look of Halfords for a three month hold. I don’t normally recommend other shares but as this is currently a ‘dead’ share I am relaxed, but DYOR of course.
I mean BOU as the dead share of course ATM
Wow, inviting cross ramps Tra..... that's brave lol. :-)
go on then.... a couple off the radar are RBW and TCM.
No advice implied or given....DYOR etc etc.