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Capsum, I don't know about returning to AIM but my guess is that to do so Ritorno would need to reverse into an existing AIM company. With over 1.75bn shares at 0.7p Ritorno is valued at £12.25m . Gosh, makes you wonder what investment(s) the company has to warrant that valuation? Also those high wealth PIs who originally backed Concha will be hoping to get their money back - by selling their shares and that may require wider market appeal than the JP Jenkins platform. We can live in hope GL
MrEMC2, Thank you for the updates. Do you think ritorno will list on aim? For some time now they were irretrievable in my trading account. Yesterday l was able to access the site.
Ritorno on the up - mid price is 0.7p following a number of successive days of rises! Got out my old records and worked out that the share price is above my break even! After leaving AIM I am very surprised to have notional capital here yet alone to be showing a paper profit after all this time! Any chance of getting back to 7p days (without share consolidation)?? I hope others are keeping an eye on Ritorno too. GL PIs
If anyone is a seller of Ritorno shares, please email me at themightypuma@gmail.com. Thanks.
Finishes this week at indicative 0.60p mid price.
Up again. 0.50p indicative mid price
Share price up at bit, indicative mid price 0.40p - don't all rush to sell!
23/03/2021 0.35 300,000
Trade date Mid price Volume
19/03/2021 0.25 80,976
19/03/2021 0.25 2,162,903
18/03/2021 0.25 100,000
18/03/2021 0.25 350,000
18/03/2021 0.25 100,000
17/03/2021 0.25 44,000,000
17/03/2021 0.25 44,428,872
Incidentally, a few trades taken place last couple of days (17 -19 March). Indicative share price 0.3p with mid price of reported trades 0.25p.
Mahenge have a look at this site
https://jpjenkins.com/company/ritorno-plc/
Hello guys I am from Holland my broker dont support Ritorno plc can you please tell me where I can send them to trade? thank you for your support guys
IntrepidInvestor thanks.
The Jenkins platform is sparse on news for Ritorno - few trades and shows RIT indicative share price 0.25p. No news yet of share consolidation.
Low6’s plans to launch an Initial Public Offering (IPO) in Q2 2021
https://sbcnews.co.uk/technology/2021/02/15/low6-remains-on-track-for-q2-ipo/
Hi all,
not posted here before, but was invested in Concha when it got caught out by the antic of that decidedly iffy guy who ran that fake unicorn VE Interactive (think his name was David Green).
That's old history but something seems to be up with these now. The last placing, whilst it has only raised minimal working capital for what is effectively a shell company, there is encouragement in the fact the valuation of Ritorno PLC has increased to c. £11.6m - given it's only asset seems to be a convertible loan note in Low6, which is itself unlisted (but planning an IPO), that is one helluva valuation. My guess is an IPO is in the offing and Ritorno might just be able to grab some value from the convertible loan note.
Fingers crossed, we might still see some value here.
all the best
intrepid
Some info concerning Low6
In December 2019 Ritorno invested £125,000 in Low 6 Limited (“Low 6”), the fast growing online gambling and entertainment business. The investment has been made by way of a Convertible Loan Note which, on conversion, will give Ritorno a 6.25% stake in the Low 6.
In December 2020 another company Gunsynd Plc (AIM: GUN, AQSE: GUN) announced that it has invested £200,010 in Low 6 Limited ("Low6"). This investment in Low6 was made on the following terms:
· subscription for 6,667 ordinary shares at a price of £30 per share for a total consideration of £200,010; and
· this investment is a part of a £1.5m funding round."
So if and when the Ritorno's convertable loan notes are converted into shares could Ritorno end up with shares worth £30+ each?
What I don't know is the current value of Ritorno's investment in Low6.
@ jjcamargo thanks for pointing that out. Key details are:
"the Company has raised £162,500 through a placing to a new investor of 36,111,112 new ordinary shares (the "Placing Shares") at a price of 0.45 pence per Placing Share"
"The funds raised pursuant to the Placing will be used for general working capital and further investment into Low6 Group Limited".
"As a result of the Placing the enlarged number of shares in issue will be 2,587,178,024. The Board intends to recommend a share consolidation in Q1 2021 on the basis of one share for every 100 shares in issue".
another placing - this time at 0.45p
0.20 GBp 23,250,146 12/01/2021
Demand for what?
Ritorno Plc is pleased to announce that due to demand from large existing investors, the Company has raised £75,000 through the placing of 25,000,000 new ordinary shares (the "Placing Shares") at a price of 0.3 pence per Placing Share (the "Placing Price") (the "Placing").
The placing price of 0.3 pence per represents a premium of 100% to the prevailing middle market price of the shares on JP Jenkins.
The funds raised pursuant to the Placing will be used for general working capital.
The Placing Shares, which will be issued credited as fully paid and which will rank pari passu in all respects with the existing Ordinary Shares, represent approximately 0.98% of the Company's enlarged issued share capital.
As a result of the Placing the enlarged number of shares in issue will be 2,551,066,912. The Board intends to recommend a share consolidation in Q1 2021 on the basis of 1 share for every 100 shares in issue.
placing at 0.3p, indicative price at 0.25p, 1/100 consolidation coming. life in the old dog yet
I have today spoken with someone at J P Jenkins who confirms the current sp as 0.16. I asked if l was able to trade and she said this can be negotiated through my broker. At least l feel assured that l have not lost out. She was unable to discuss status of company on relisting. I will just continue to live in hope that not long to wait for an update.
Yes - well spotted jjcamargo.
Another trade on the 5th October - I suppose that as trading is taking place it must be encouraging!
A lot of shares are in issue as consolidation has not happened and although my holding is miniscule I would not mind getting my money back.
"As a result of the Placing the enlarged number of shares in issue will be 2,303,046,912. The Board intends to recommend a share consolidation in Q1 2020 on the basis of 1 share for every 1,000 shares in issue".
the indicative price has gone up as well.
Three trades totalling 200m shares traded on 30 September; mid-price still 0.15p
There was a trade on 15th September 2020. Mid-Price still 0.15p - so there is life in the old dog!
Ritorno seems to be still alive but has anyone been able to dispose of their shares? Still showing indicative price 0.15p.
First accounts made up to 30 June 2020
due by 30 December 2020
Next statement date 6 January 2021
due by 17 February 2021
Low6 is operating as at 8th Sept 2020 so presumably we still have an interest in that company.