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This isn't going anywhere anytime soon Janoz. Two years before it just might be profitable again and you can be 100% certain that dear Lars, bless him, will come back to you more than once for another rinse repeat of the last placing. I do think it will eventually turn around but not beyond .1p for at least the next 6 months whilst people try to rebuild their trust in the inept CEO.
It’s dipped due to placing overhang. The production lines are worth more than the current market cap. Murata generated £7m a year with those production lines.
Order book of $9.2m and has planned product launches.
Once the overhang clears I predict we see this quickly move back up to placing price of 0.10p
You sold a few days ago Rog. You held? Watched it plummet for months and sold at the bottom. Buy back we all make mistakes mate.
Lol
Well Masks, we are out of suspension and now doing worse than the suspended price. Time will tell.
It is and it will. It was obvious to smart investors. Once the placement was done most of the risk had gone.
More and more buys. Sooner or later the MM will not want to keep selling at this level and are going to want a higher price.
The ship is turning… there were also posts saying it would never come out of suspension plus a multitude of similar negatives all wrong.
Oh yeah only two years until profitable...possibly
Still, didn't expect this to sit so far below the placing price for this long. I was reading posts from the day this came out of suspension suggesting it was going to go up by 400% that day alone. Well, still no sign of any proper news that will make this fly. Yet. Hopefully something will make it pop soon. 0.5p would be great.
Looks like we are at the dregs of the overhang guys.
Tiny cap no debt and cash in the coffers.
Oh and business booming !!
Saved !!
Bargain Bags. !!
DYOR !!
0.09 coming.
More and more buyers appearing, wanting in at below dilution price. Who was that seller? With Doctor Graham adding are they now close to be out? Looks like it is back to 0.1 at least.
Absolute steel at these levels this will double easy in the coming days😁
Good bounce coming. Last chance at these levels to get in below placing price. Great opportunity that was. My average looking much much better. Good luck all.
SELLER GONE? And it looks like Doctor Graham is adding. Looking good now for a rise back to issue price of 0.01. Glad I bought a few millions at 0.075
So, this gets more interesting. AUS law restricts your holding to 20% or under, apart from certain exceptions detailed in S611:
http://www.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/ca2001172/s611.html
Exception 9 allows for you to have a 6% gain each year over regardless of any existing holding (it's actually 3% every 6 months). So slowly building/growing a stake >20% is indeed possible.
Exception 10 relates to shares issued under a Rights Issue, and from my reading it seems to say that if you buy shares as part of a RI then you are allowed to build up significantly more than a 20% holding in one go?
Just been looking at the CAP-XX web site (it's refreshingly non-corporate!) and a couple of things stood out whilst poking around the investors pages:
https://www.cap-xx.com/major-shareholders/
https://www.cap-xx.com/aim-rule-26/
First off, they haven't updated the pages since December 2023 apparently, which is reflected in the out-of-date details on the share holding, number of shares issued, financial diary etc. However, they have listed the placing document from March 2024 on the AIM page, so somebody clearly has made changes since December 2023. An oversight I'm sure, but hopefully they will be able to put some updated investor information on there sometime soon...
Secondly, this phrase is somewhat interesting in the fact that it's been specifically included. Maybe this is standard disclaimer for Australian companies?
"Although the Company’s ordinary shares trade on AIM, the Company is not subject to takeover regulation in the United Kingdom and The City Code on Takeovers and Mergers does not apply. However, the Company is, and is expected to remain, subject to provisions regulating takeovers under Australian law."
I'll now be spending the rest of the morning sitting outside in the sun reading up on the AUS version:
https://takeovers.gov.au/resources/key-concepts/summary-takeover-provisions
Gotha!
DDx
Sshh,
Wait until close....
Will we get some late sells. Maybe the seller out, or just being patient?
Looks like MMs have run out of sellers!
Will be past 0.012
We will be seeing buys today, this will start showing soon.
Warned you about that huge discounted placing in GDR Rog.
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I think if their were to be any TR1s related to the recent placing we would have seen them by now.
Unless they are related to the litigation settlement.
I believe with justifiable reason they can withhold.
Mcap..SP x number of shares issued.
Mcap not long back of £60m +
Basically the same company....
Just sentiment has changed....it hopefully will change again!