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Bab
Find a buyer on Britdaq for your holding in this Coy- not so easy Not a lot of value left on AIM fot this
Actually they plan to list on Britdaq... so you will be able to trade... eventually... at £50 a trade ;) Did it with WHET.
Shareholders would not agree to delisting.
No NOMAD (at 31 Dec) and no prospect of appointing one.
Good luck to anyone still holding. If you do not manage to sell your shares you will still have shares in a private company which can not make a profit and whose cash reserves will be completely depleted - see RNS.
Rocker
Are you still in there hoping? Or have you sold out?
Need to delete from my watchlist if you have.
Look at the AIM26 listing and you will see that small shareholders are nothing. Looks like an Oceana power game.
Really can't see any value if the £9m is depleted by say £5 for the upgrade - AIM costs of c£1.2m over 5 years and losses on the CX operation each year say £600k.
Also small shareholders probably do not like their shares delisted .. let visible - less likely to hear news - and cash flow and prospects will still be poor any way... isn't there a value attached to a market listing to consider too?
Guess that shareholders fancy their chances of realising some value as a listed entity, which is fair enough. Agree that the business seems pretty screwed though
So where is the value? Why do 38.74% think there is?
The Q & As suggest cash will be depleted as staff costs for ongoing maintenance will exceed revenue and capital expenditure for upgrades will significantly deplete that cash.
RNS shock .. computer says NO
CX1 was sold years ago but CSFG signed a Lease to sub let this property.
This would of been a belt and braces lease as the property was sold with a guaranteed rent payable from CSFG until 2024, it meant a higher sales value was attained years ago for this guarantee
Q & A paints a realistic picture. CSFG has obligations to the bank that owns CX1 and to its lessees. I missed that point - thought CSFG still owned CX1!
Personally, I can't see a future as an AIM Coy.
If the vote was 65% delist last time then surely they must know they have the numbers.
If costs exceed expenditure and with losses brought forward and with liabilities til 2024 - what value SP?
Don't paint a pretty picture but its as stated
basically got cash reserves but making losses and no way of reversing this (CX1 is 85% Occupied but still fails to generate enough income)
THEN WATCH THIS SPACE EARLY NEXT WEEK.
It looks as if the original shareholders want it back as a private company - given the persistent buying over the last couple of weeks.
this is not going to to delise
someone just got more shares ..
Another million shares hoovered up towards the end of the day. Are they making sure they win the vote?
The drop was played I think just for delist news, having a share of a company based in uk delist there are simple options but this in Asia and how could you earn a penny selling these if they delist
Dan - maybe another twitter p&d? Perhaps someone does not want this company to delst? Who knows.. interesting developments though... considering the drop close to 1p just a few days ago..
Fact it’s trying to delist again shows the intent, I did say once accounts were released fair value for a loss making share with cash was 3p, I upped it from 2p from pre-accounts until I could understand the position post sale better, it was very clouded and I think giving bonuses to staff who took the company from a profitable developer to a nearly bankrupt property investor was ridiculous, longvway to go to see much capital growth and bod still not got a forward thinking plan
Guys - you did read the last RNS? This company wants to delist!!! Of course no guarantee it will get its way but I personally do not want to be left holding the baby (so no idea why the share price is rising - stake building?).
Of course - continue to trade pre meeting but I am not going to take a chance on D Day that the vote goes against the company .. so buy if you want...but remember to sell/reduce as well by meeting day imho
Looking like you might be right rocker. i really hope so. you have been telling us all along. Looks like timing might be key to winning. I panicked and got out at a slight loss. should have held my nerve. I needed 2.9 though which is still along way off.
Now a few missed out and sold !! Now watch this carry on rising
They tried this before but failed to get the required %. They must be confident this time round. Maybe the buys are in house purchases to achieve this.
I commented a while back that the annual costs of c £220k of AIM listing was the reason for the first attempt to delist. This is now a much smaller business and to me it seems a sensible move.
Those following Rocker may be incensed - but this was always a possible outcome.
mannnan - there were a number and I don't think it's fair I name them - go back 7-8 pages and you will see the comments .. as this thread has never been that active. Back 6-12 months ago there was a twitter P&D on this share and talk that the assets were really worth 65p (the figure i recall).. and I got constant abuse online here and elsewhere for saying it was a ramp and misleading and just plain wrong!! Look at what happen - the asset was sold and whether the balance sheet has improved or not - the company wants to delist... so although i have held the shares on and off for short term trading and expected a bounce post asset sale - these guys obviously left the building and can't (as normal) be bothered to come back on here to admit .. they got it wrong!
name the ramper please
Someone brought 5k worth at 2.36p at 8am. Bizzare!!