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Sure knows a bargain..
Topped up myself this morning at 1.04p
I'm sure it's just a coincidence but a James Henley bounced in to ABAL with a 3.96% TR1 on 01/05/19 and out again on the 02/05/19.
Now whether that was a savvy trade from 0.775 to 0.95 for profit or a trade with a free carry is a question only Mr Henley can answer.
Anyway, ABAL suspended in the August and announced the acquisition of SYME in the September.
But like I said, I'm sure it's just a coincidence.
GLA
Please can anyone answer what would happen after 31/03/21 as expiring of 6 months deadline due to being cash shield company?
I would read the 24.03.21 RNS. The company still has 6 months from 6 April (suspension) to raise cash or to RTO. If neither happens in that 6 months then company liquidated and remaining cash distributed to shareholders.
Thanks mike. it doesn't look pretty.
I'm not too disheartened. Suspension doesn't really mean much if you don't need your cash immediately. If they raise or RTO in the 6 months then still could be some decent upside. Each to their own though.
But delisting from AIM, does it means your shares are worthless?
It’s dual listed, if they don’t retain the aim listing after 6 months they will just move the stock over to Aquis stock exchange (old plus / Nex market) it’s not just disappearing.
No. It means you can't trade them on the open market but in this case if there was no investment or RTO then yes the shares would be delisted, and company liquidated with cash (~£1.2m) distributed to SHs.
Still debts to be paid off .
Depends on how long it goes on for and if there is any real prospect of an RTO. If they are defo going down the Investment vehicle route then I don't think we'll be waiting too long after suspension.
RE TR-1: That was a quick change of heart
Mr Henley is out, share price held up, must be a major buyer picking up these shares. Possibly a tr1 buying tomorrow
I think Henley must have bought as a proxy for another party. Otherwise the share price would have fallen of these had not been passed over
This process disguises who if anyone is collecting these shares for a couple of days at least
Interesting times