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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Can we expect a performance like Plug Power (PLUG) on the Nasdaq market when CIC Capital is listed?
The outlook for the future is what gets shares moving up. Nice to also have cash.
we were supposed to list with the auditors looking at accounts without Q4 results. What'll be next, CIC decides they want Q1 included 'to raise the SP' even more ? I don't really buy this line of getting this done to make the SP higher on listing as quarterly/FY results move the SP anyway...
We are where we are. With the auditors which means it will list., after the prospectus goes in with the Q4 results. The listing price will depend on cash in the company. The more cash the better the listing price.the company has done a lot of work for various companies, and awaiting payments. See SB’s operational report produced last year. The directors own a fair few shares, so, it is in their interests to get as much value as they can on listing.
Can someone explain to me, genuinely, in small words what is the point of this limbo.
I thought I understood the basics of the stock listings
The board hold significant shareholdings as worthless to them as they are to us
So
If the company is bust tell us and presumably free themselves up to go and make a living elsewhere
If it is massively profitable but cannot list, for whatever reason, buy it of us and definition them and go private
What i cannot understand is where we are
no disputing that accounts go to auditors each year, its the same for all businesses. It just isn't usually a 5+ year impediment to listing.
All companies have to produce accounts every year, with an extended audit at the end of the year. So, Capital’s accounts end of year was 31.12.20. If the accounts are not with the auditors, where are they?
How many years is he going to keep using the "Accounts are with the auditors" and you are gonna continue to believe it?
Well, lots of 4Q results are with the auditors , at this time of year, so, the full audit takes longer. Plus they are working from home, which does take longer, so I am told. I know it is frustrating, just hoping that it relists at a good price.
"The 4Q results are with the auditors"
Why are they taking so long? This is not a large complex company.
Your excuses seem very lame. Most other companies are coping very well with the present conditions.
I suppose the prospectus will have to be rewritten as so much has changed with the company what with the much-expanded customer list..........I HOPE.
Thank you Joe.......I hope you are right.
Macnai, not correct. The 4Q results are with the auditors. How long before they complete, no one knows with Covid19, working from home etc. However, CICCapital has a prospectus, and to list you need a share price on TSX, depending upon cash in the company. Better to list a a high sp than a low sp. however, I agree, the wait has gone on for too long towards a listing. But I believe that this will be CIC’S year.
It would appear by the lack of comment from Stuart that floatation on a Canadian stock exchange is a none starter.
Where do we go from here..........to run as private companies and pay us a dividend with the profits he says they are making?
But he needs a quote for at least one of his companies to justify people's faith in his services.
I do not see a way forward with the present management.
New people are needed and the old guys need to go including Stuart.
You and me both. Sold out and put my money in RMM, I just hope that pays off. It really is sickening.
feel sick about ARB could have made a hell a lot of money Ha well
Thanks Candybelle.Messed up on ARB though.Made 150% only for it the next trading day see it go up another 250%
Happy New Year to all lth - I suppose we all fall into that category. lol. Maybe this next year 2021 will bring us the rewards that we have been waiting for. havegun - looking forward to 2021 with our other little gem. Thanks again for that.
Yes.....Happy Christmas and a Prosperous New Year to all you long-suffering shareholders. Sometimes the more we suffer the more the reward.
I am happy because one of the stocks I mentioned a while back (post removed) is finally coming good in a big way.
I first bought into the company in 2011.
If anyone is interested I will give a couple of clues Poet & the Worlds second largest country.
Xmas to all shareholders,lets hope 2021 gets us there this time.
Yes they have jam. Just not for tomorrow.
Thank you, I was worried for him./her Not that I know him at all but enjoyed his/her posts
Sage was here briefly under a new name until his post was removed.
He is sparti1 on ADVFN where it seems you can say anything you want without being banned.
I think I saw him on advfn recently
Sage
Yep - it’s coming tomorrow said the Mad Hatter