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Last post: share_talk, 24 Nov 2019 14:31
Think I’ll wait for my account to credited with an extra 2k on closing for a 10 day wait
Started: Fourprinces, 18 Nov 2019 10:45
Last post: Ivybush, 18 Nov 2019 21:23
Well RNS confirms Hanover now hold 56% of shares in Brady.
Are they going to get acceptances over 75%?
Maybe worth hanging on to see final acceptance figure and if below 75% keep as a minority
shareholder. If Hanover expect a return on investment small pi's could also gain.
At least food for thought.
They did. The whole affair stinks but at least they did completely rip off existing shareholders- still they are big enough to look after themselves whilst all we little peeps can do is see an opp and go with it.
Indeed, an excellent month for me and I was in a bit late at 7.5p..
Got to feel for holders from 50p though. Think Hanover have got a bit of a steal here
Well, not too suprising - had hoped they would hold out for more but they probably thought, made our point .
Overall excellent 1 month
Sorry, I was not expecting Kestrel/Coltrane to sell out to Hanover.
Now a done deal at 18p.
Started: Maverick12, 18 Nov 2019 11:02
Last post: Maverick12, 18 Nov 2019 11:02
So we have an RNS showing SP at 18p but we are still below ! why isn't this flying
Started: Ivybush, 18 Nov 2019 07:24
Last post: Fourprinces, 18 Nov 2019 10:19
No worries. By the by on Ion:
As Megabuyte’s Rob Warensjo points out, most of the big players in commodity/energy trading space (Allegro, Triplepoint, OpenLink and Aspect) are now under the ION umbrella, the private equity firm that has aggressively acquired over the past decade, including buying a stake in data provider Dealogic and the £1.5bn Fidessa, taking it into the equities and derivatives markets.
Hi four princes. Got it now with a little moe research.Good luck to you
Because we don't know what the second bidder has offered. Could be 10p could be 40p (which is fair value).
Why is the sp not closed to 10p?
BOOOOOM bidding war get in
Started: Fourprinces, 18 Nov 2019 09:30
Last post: Fourprinces, 18 Nov 2019 09:30
Spoke to various experts in the field last time round who were convinced Ion were likely buyers and they are on a spending spree https://www.google.co.uk/amp/s/amp.ft.com/content/d43abd8a-0792-11ea-a984-fbbacad9e7dd
Yep, ripped the security over the company off Hanover and put it straight into their pocket!!
Check mate for the fooking BOD - if they had offered 20p could have gone through but they are greedy and trying to profit by deceit or ineptness.
P45s incoming imo.
This is very positive news for pi's --still some of us left!
Kestrel/Coltrane alliance accounts for almost 50% of shares so impossible to override,
and BOD hold no shares at all.
Obviously Hanover bid will lapse but will there be another in the short term?
My view is that K /C will continue to work together to sort out financing and now with
3 months or so in hand will seek to find a permanent partner from the tech industry to
carry forward Brady development.
Kestrel have been a major shareholder for many years and have a much higher entry level
than current sp and I would expect them to work [hopefully with a new CEO] to maximise
return from the Brady expertise in a niche market.
I would also expect present employees to be delighted at the news today, a boost to morale.
You can see that was written with gritted teeth!!
Back of the net. The boys came through - left it a bit late !!
That has thrown the cat amongst the pigeons a bit. More time for a revised offer to come in now..
Started: Ivybush, 11 Nov 2019 20:45
Last post: Jimzi, 12 Nov 2019 09:18
Indeed Ivy.
Max buy below 11p is 75k shares.
Anything over is 12.4999p
Max buy reduced to 250k at 13.9999p [ sell price upped from 6.3 to 9p now]
As Hanover have admiited via a RNS they would increase the offer, one resolution I see is the iis - [Kestrell and Coltane specifically] tell them they need to up the offer - unless of course a white knight is waiting in the wings till the last minute.
It may appear boring but I'm sure it ain't - the BOD have been very busy after all - and job retention will be at the forefront of their mind
So now we know terms for £1.25m loan from Hanover.
B of E rate + 2.5% [fair enough]
+Arrangement fee £37500 !
+ Fee of £3750 per quarter [why?]
+ £100,000 + VAT "facility fee" to inc legal costs etc
+ more fees [presumably] if loan is increased to £4m
From £4.8m cash in balance sheet 31st Dec 2018 to this, and BOD want to preserve
their positions. Quite unwarranted imv, failure must not be rewarded.
Let us hope for a new offer and an owner with some financial control ability.
Started: Jimzi, 11 Nov 2019 11:20
Last post: Jimzi, 11 Nov 2019 12:40
BODs biggest mistake was to threaten the market with "little or no value to shareholders" comment, when the offer RNS plainly states they may increase the offer should another one appear.ergo, it's worth more than 10p and from the buyers own admission!
Exposes the BOD's integrity completely and questions whether they are in breach of their fiduciary duty to shareholders.
well its 12.9499 for 100k - higher than Friday!!
It ain't going below 10p cause you aren't going to have the company destroyed so from an investment / punt viewpoint, its a no brainer esp given the price evidence above.
If it was a done deal quotes for 100k should be 9.7 v 10.1 - not 13p.
Well I managed to add a few this morning. Have been invested here for many years, since change of
Board approx 3 years ago company has been poorly managed.
Nevertheless a good product range and loyal customers. Do not see Kestrel and other ii's taking a
passive view. We are in for an interesting few weeks--employees [not BOD] deserve a better future.
Depends on what I said their view is in my last post.[and whether they have been actively seeking alternative offers.].
As you say, if they give up, 10p it is.
But Hanover need 50.1%.
Big holders could easily inject funds to stave off liquidity problem and prevent it going under - although that may have a price - a BOD exit!
This RNS would work if loads of PIs - but there aren't any here.
This has only just begun imo. - virtually all recent stock has been taken by iis and not Hanover - wielding a charge over the assets may be one aggressive step too far
I'm pretty sure the institutions will take what they can if they're backed into a corner. They know how the game works, some you win, some you lose.
There isn't really enough time or general interest in the stock now to requisition a EGM to bin the board. They'll run it into the ground first and allow their pals to get the company for nowt. Either way the people who want this will apparently be getting what they want for either 10p or virtually nothing if this goes to the wall.
Started: Jimzi, 11 Nov 2019 09:57
Last post: Jimzi, 11 Nov 2019 09:57
showing 109% iis!!
If that doesn't tell you games afoot, dunno what will
https://markets.ft.com/data/equities/tearsheet/profile?s=BRY:LSE
Started: Jimzi, 8 Nov 2019 08:30
Last post: Jimzi, 11 Nov 2019 08:54
110p should be 11p!!
If the "market" [and I use the word loosely as there isn't one] thought 10p is the final outcome, you should be able to buy loads above 10p, say 110p - as your throwing 10% of your money.
to buy:
110k - 12.93
250k - 14.999
500k -17.4.
We have a horizon event that will cyrstalise the mcap within the next 10 days
Updated FT holdings showing 89% but without Warrington's 6% - and the latest RNS holdings of 3% ish?
https://markets.ft.com/data/equities/tearsheet/profile?s=BRY:LSE
You wouldn't believe it but these shares are as rare as hens teeth.
Dull trading but you can bet its busy behind the scenes. Anytime from today and the next 12 days
Yep, smother the co with your own overhead, slash the mcap by 90% , someone pops up via the old boy network offering a disgraceful amount but says it will go higher but the bod think the initial offer is fair for the company they have ran into the ground sp wise only.
But since the offer we have had 10% of the company being bought by iis at around 15p - Warrington for one and some others - and Coltrane increasing to 20% post offer. And Cenkos reducing thier short at arounf 15p [wink wink].
The iis must be fuming with this - I just hope they are wound up and don't suffer from lathargy and let these directors basically steal the company
Given the trades this week, there should be more 8.3s so we have some naughties there!
And that 12,571 buy pushed the bid for 100k up from 10.2 to 11.6p.
Its all a mirage and great fun cause I can't work out how they are going to get 50.1% to agree
@jimzi with you all the way---I purchased more earlier this week.
FD has been in the job for quite a few years. Nevertheless I cannot understand
how company has managed to have negative cash flow of around £500k
per month for this year. Any DD should easily answer that.
Directors recommending offer to save their employment imv. They do not deserve to
be rewarded for the recent incompetence. Brady has good list of existing clients and a
firm foothold in a niche market. Must be on the radar for a higher offer.
Laugh of the day
350k no quote v 17.4p
250k is 7.3 v 14.999p
125k - 9.495 v 13.88
12.5 - 11.2 v 12.4
i.e no market cause you would bid for loads at 7p - except there aren't any free float shares anymore!
The problem is that as it makes no sense and so peeps are bewildered, no one is buying,
@Jimzi thanks for your illuminating dealing details. Keep them coming.
But bear in mind Panmore Gordon Financial advisers to Hanover were also very close
to the former Brady management a few years ago when the sp was pushed up to 100p+
Not saying anything wrong in that, just background information.
Final proof
30k shares - 11.001 v 12.4p
13% spread for £3k trade - when its 11% down - yea right.
Well done Mr 87k. Someone with some balls!!
Now 12.4p for 1000 shares.
Thats why I like sbs - they are L2 priced
Bugger, last lot of sb's at 12.to make 400k.
Buy price for 250k is 14.999 and 500k 1.4 on RSP
Now, if the deal was going ahead at 10p, you would be very happy with say 11 or 12p.
And why would you have offered 12.5p for 1m this am?
And look at the volume - negligible.
No one joining me - haha!!
Started: alwayswinning, 30 Oct 2019 12:53
Last post: Jimzi, 4 Nov 2019 13:44
First time - can sell 1m at 13.02.
There's the story
See the bid rising?
There will be fireworks here at some time - no shares to speak of - fumes
Still here and still in it Jimzi. Just sitting on this until something happens. Slightly regretting not selling out at the 16p but hopefully will be worth it
Interesting, 5 mins after last post you can now buy 50k at 14.185p [over is NT]
No trades have occured.
They read this bb! Hellooooh.
And there isn't a real market. Excellent
and NT to buy 11k.
Join the dots boys and girls
Started: Jimzi, 25 Oct 2019 17:20
Last post: Jimzi, 29 Oct 2019 17:26
My 1620 post of Friday still valid!!
13.65p to sell 500k - highest its been all week.
See Coltrane still plugging away as well.
Started: Jimzi, 24 Oct 2019 10:55
Last post: Jimzi, 25 Oct 2019 16:11
Still 16.5- for 100,001
Well, we had 500k puportedly sold around 9.30 around 13.7.
So you'd expect to be able to buy 500k at around - lets be generous - 16.5p - thats a whopping profit for the mm.
The ask for 1 share over 100k is still 16.4999p.
Max buy still 350k at 18.5p
And Cenkos reducing their short.
All you need to know folks.
Well I am with you and staying until the final offer.
It is a shame sp "engineering" does flush out nervous holders.
and finally for the complete book
100,000 is 14.2p to buy
100,001 is 16.499p to buy
I try and help but Mr 30,739 clearly no trust me!!
Started: Jimzi, 24 Oct 2019 13:07
Last post: Jimzi, 24 Oct 2019 13:27
Update:
Cannacord Genuity Group Inc. own 9.47% of Cenkos.
Cannacord Genuity Group Inc. own Hargreave Hale
Hargreave Hale own 10.15% of Brady.
Nice conflict - could this be a source of liquidity - as yet late or unreported?
Or is there a Chinese wall and agent/ principal is being respected.
Off for the day now much to your relief!
Given yesterdays RNS of another new ii holder, it means the FT Tear-sheet breakdown of shareholders exceeds 100%.
Now Cenkos are allowed to naked short I believe - so would naked shorting increase the number of shares of a company, albeit not issued.?
For example - 100% is owned by x, shares are then naked shorted - there are say 102% owners.
This could get even more exciting than it already is.
Started: Jimzi, 24 Oct 2019 11:41
Last post: Jimzi, 24 Oct 2019 11:41
Yesterday at the close there was 125k available at 15.445p. [ whether it would have been executed - who knows]
After 180k of" sells" today, they are asking 15.9p for 30k shares
Started: aceslush, 23 Oct 2019 20:53
Last post: Jimzi, 24 Oct 2019 10:41
I have never seen a share in this position where it looks like virtually all the shares are held by iis - and all post offer public shares being bought at a 50% premium to the albeit derisory opening offer. Sort of gives it away!
Cenkos are short about 150k and I think the only liquidity will come from them now although no RNS from them yesterday - no doubt they will be indemnified by Hanover.
Can't wait to see the updated FT tear sheet reflecting the recent ii acquisitions - unless there are any unreported disposals - we are looking at 99%
Mad world - loads of peeps throwing cash around on mine and oil cos flick of a coin types but where there are hard RNSs explaining everything - no interest!
Lets see whether that 100k delayed sell was Cenkos trying to dampen it as per above
Yes the bid keeps rising and there is only 15,000 shares available via rsp today at 15.445p.
Looks ready for another run up today.
and the bids risen to 15.445 on all those sells yesterday.
RSP for 125k now 17.2999
The shares were never there
Hey Jimzi- what’s a TR reduction?
Started: Jimzi, 23 Oct 2019 20:26
Last post: Jimzi, 23 Oct 2019 20:26
PROVIDENT FUND OF THE EMPLOYEES OF THE COMPANY MEDOCHEMIE LTD.
1.25m odd
Hell of a lot of big money interest . Got to have a TR reduction as this is getting ridiculous
I don’t think they are sitting there watching it- they will just place orders. It’s a fund not little pis like us analysing. They don’t need to as they are the decision makers.
As you can see, the book artificially changing.
At 15.445. Someone chose after hours.
Actually 125,000 available to buy.
There’s 85k available today at 15.45p and they haven’t took them.
another phantom trade - it was and is 15.3225 for a load.
LB, thanks for letting us know - I'm still sticking to my 36.14p at the end of the day.
Started: aceslush, 23 Oct 2019 16:03
Last post: aceslush, 23 Oct 2019 16:03
I’m all in too, let’s see how this goes - hopefully soon
Started: Jimzi, 23 Oct 2019 09:26
Last post: LB28, 23 Oct 2019 15:31
I'm still here and still invested. I have committed to letting it play out now
Since the start of the week, we have had around 850k sells and 160k buys yet the bid for 250k during this time has risen from 14.15p to the current 15.305p.
That is the link to the reconciliation posted earlier.
It doesn't get much clearer than this.
Judging by the ghost town bb and the selling this week, looks like I'm the only remaining holder not an ii !!
Lets see what Cenkos were upto yesterday.
Trades were approx 150k sells, 60k buys
FT tearsheet as at Oct 17th ......... 87.62%
https://markets.ft.com/data/equities/tearsheet/profile?s=BRY:LSE
add not yet included in FT figures
Tech Value Investors LP............... 3.75%
Warrington Investments Ltd....... 6.61%
NVM Private Equity LLP ...............1.76%
There are no shares available at all - just Cenkos trying to keep a market going.- that's why the bids rising on opening.
Never seen such holdings ever
put me down for at least 52k sells - two trades totally mis--priced
250k now 15.1255p so why sell 50k for 14.91!!
Phantom trade or they have a crap broker haha
Started: Jimzi, 22 Oct 2019 15:15
Last post: Jimzi, 22 Oct 2019 15:37
And bid for 250k shot up post that rns to 15.1055.
Join the dots folks - NVM clearly bought all of yesterdays PI sells.
This is by far the most exciting short term share on AIM imo
Additional holder acquired after the FT summary
Warrington Investments Ltd., 5,514,003 . 6.61%. Oct 16th 2019
Now you can see how few shares there are
NVM Private Equity LLP . 1,469,646 / 1.76%. - date 22 October 2019 - today.
https://markets.ft.com/data/equities/tearsheet/profile?s=BRY:LSE
Started: aceslush, 22 Oct 2019 14:27
Last post: Jimzi, 22 Oct 2019 14:58
Which bits do you find confusing - if you keep it simple, the position is quite clear
This is one of the first shares I’ve been tracking and to say I’m confused is an understatement! Very fascinating, looking forward to seeing what the week / month brings with this one