The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
DAN is now delisted I understand that if you hold your shares within an ISA they will need to be moved to an ordinary trading account (HMRC rules) or transferred to paper certificate. Anyone in any doubt should contact their broker rather than ask on here as different brokers may have different rules. I have never held shares in an unlisted company before so will be a new experience if nothing else !
Its all in the RNS if you read them, if you dont then perhaps you should stick with cash. "However, should the shares of the Company become delisted from AiM the Board will examine alternative mechanism's to facilitate trading in the Company's shares , including a potential future relisting. Full details would be circulated as soon as possible."
They are setting up a ************** so you can trade privately within DS itself until it decides which platform its going to relist on following M&A ie if you want to trade on the open market you may need to wait a little longer though the facility will be there for trade with other private shareholder as far as I understand.
Does anyone know which exchange DS will be using to trade shares ? No information on website, not updated since November.
.
Maybe at the end of play as they must use the time allocated to find a broker by law..?
One would have expected an rns this morning with an update on this.
Do you think they might get bought out or merge with another company you get the feeling there is a plan here...
So if they are bought out or by some strange happening div s are paid that is still all good?
I don't know but what we do know is they moved to much bigger offices and since the nomad resigned they've appointed Peter Ward as non ex chairman who has held senior boards positions at Peugot, Unipart Ltd, Rolls-Royce, Bentley Motor Cars, Jaguar and Bickers. Peter Ward: "During my lengthy career in the motor and venture industries I have learnt the value of constant innovation and I believe that Daniel Stewart has the potential to be an innovator in its sector." Rob Terry is close to owning 9.9% of the company. So Peter Ward and Rob Terry believe in this company big time. So chances are this will fly....we just don't know when. Good luck all.
"It now has a strong financial basis after the recent fundraising which should support further growth Financial performance is predicted to improve strongly, with it moving into profit in the 2016/2017 financial year [...] Costs have been declining quite significantly" ? in the very overdue absence of **audited accounts** (- with no proper explanation about why these have not been published - ) on what basis could one have confidence on the claims about finances as above?
Quob park tweet Jan 8th: We have already found those we need to buy to get back to 9.9% thanks, just a matter of timing and paperwork now
Ig explained on phone today no problem being held in isa and they will sit there as though suspended. If this is wrong info from them again I'll be furious.
Your not allowed to hold them in an ISA, this happened to me with PRG. Halifax moved them to my standard share account. I think HSBC return them to you in certificate form !
RT now over 9%
"It might sound unlikely but there does actually seem to be some positive momentum building here." lol, i agree with at least part of that. good to see a sense of humour on a bloodbath day for the markets. farewell dan.
It might be a good thing .for the shareholders Is that not the best thing to happen and if so what happens to our shares anyone have experience with this situation will they still be visible in our accounts or do they just disappear? anyone want to explain our situation who has been through it before..
It might sound unlikely but there does actually seem to be some positive momentum building here. It would seem likely that this will be delisted from AIM which is a real shame but I would suspect that in 1-2 years this will probably be relisted on the main market at a much higher value than at present as a stronger and larger business with shareholders gaining strongly. What appears to be the case is as follows: The company’s pipeline of business is improving, with it moving into new areas, growing its customer base and boosting its client development. It now has a strong financial basis after the recent fundraising which should support further growth Financial performance is predicted to improve strongly, with it moving into profit in the 2016/2017 financial year If the company is delisted, it will save considerably on the costs of being listed on the market and will also be able to proceed with merger and acquisition activity more quickly and cheaply Costs have been declining quite significantly Its largest shareholders are very supportive in terms of strategy, finance and more importantly in bringing new work to the company Rob Terry has been buying more shares. He may be slightly dodgy but he is certainly no fool and has an eye for making money. I very much doubt that he would be investing significant new funds here unless he was confident of a significant return. I suspect that when it is delisted there will be scare stories of how this is worth nothing or similar but I would think that it is worth holding onto these shares and probably acquiring more during the time off market. I suspect that when this moves into profit and especially when this is relisted then holders will be well rewarded. Just my thoughts
Not another delisting I hope, already suffering with PRG !!! Bloody AIM !!!
If RT is still buying, he can have mine. He know's where I am.
you are kidding, right? they spent months trying to arrange a placing & failed. RT is playing games with holdings (zero transparency re who he 'sells' /'buys' to/from), but not many others.
jptop, RT /DAN would still be subject to regulatory oversight /strictures from FCA after delisting. that doesn't change.
re goodluckall 18:58, one could also ask, why has the company found it so difficult to fix up the attempted placing? (... i.e. there have been quite a few people with information & knowledge steering well clear.)
When the company de lists he can go over 10% Am i correct. There could be more to this than meets the eye RT is without a doubt a savy player. Very interesting
He didn't sell it to his own company. Wouldn't be able to hold more than 10 percent. He transferred some shares in imtk into a different holding company