We would love to hear your thoughts about our site and services, please take our survey 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.
up 61% pre market.
Certainly good news as the needed something before April end.
This reads ok to me, obviously BVT benefit in the main, and have control over the agreement, but it proves yet again they are not willing to lose DFX. There’s enough cash income there to keep them going for a while, product launch delayed until Q2 but at least we know the company has the cash to keep going.
A mandatory takeover is when someone owns 90% of the shares. Delisting from AIM and taking a company private can be achieved with 75%: http://www.oneadvisory.london/publications/delisting-from-aim/
BVT own 67.1% of Defenx and Stecconi owns 2.58%, so together: 69.68%. They have the right to delist if 75% of shareholders agree. But they are the only shareholders with >3% share holding so they are over 5% short of what they need to do that even if they act together. They could achieve it by stealth though by continuing to issue convertible loans so they eventually acquire 75+%.
Are you sure about the take over rule i also hold BON ... Mandatory take over by spector today at a price 25 % lower than yesterday & previous 12 months. Not sure they have 75 %
All of the applications and software underwent major updates 4-5 months ago, just checked them all, which tells me that they are now working properly.
Market Cap is now approximately equal to revenue working off £700,000 for H1 from the interims.
Your average is 19p you may as well take a chance. It is 50/50 gamble
If BVT take this private we lose everything right?
I'm a novice at this game and 30% of my portfolio is in the DFX. I'm in at an averge of 19p - anyhope ? or should i get out what I can now?
They can only take it private if they achieve 75% of the shareholding. They currently own 67.1%. So, buying up the shares and/or granting loans that they convert to shares increases their holding enabling them to do so. And the loans are effectively loans to themselves. Win-win.
It’s all very odd, I’ll stick to my guns that BVT are too deeply invested to drop DFX.
I have been researching this. I can not see what the point would be in bv tech taking dfx private after paying so much to convert to shares.
giving you a call as it`s gone 3p m ; )
Realistically as PIs, what could we do if this happened and management /directors were involved in shady/illegal activity? I've not been in such a position before so keen to hear from others who know more on this. Can't believe this has dropped so much and while I've a holding relatively small, feel sorry for those sat on big losses.
Give me call
looking good here what next ?.
administration and then they take it private ?. i said last year the board would be complicit if this were to happen...
Could be 3p or below soon if no forward plan
Bizarre trading again. Who, in their right mind, buys £2.64 of shares, whilst also incurring a trading fee of at least £5?
the whole thing seems bizarre, BV and our largest SH but seem reluctant to help even tho they have invested alot of cash....very strange
I hope you’re right. At this rate, it would be more cost-effective to do a buyout and take it in-house instead of these loans, assuming that they are genuine loans with cash transfers, not an intra-company paper transaction.
It is pretty strange, but BVT are too committed to let it fail.
Strange RNS. BVT, who own and effectively run DFX, are discussing with themselves whether to grant DFX distribution rights. They’ve been in that “advanced” state for 6 months with “no guarantee” that they’ll do for themselves what they need to do. Weird.
The only good thing is that the original timeline of the loan running out by end-April is confirmed. So, a possible buyout at 35p could happen then, else a buyout at 24p in May or a buyout at 19p in June. D-day at end-April, as predicted 6 months ago.
no wonder, the RNS was not reassuring at all
Not liked by market second biggest faller by 10.30am.
Down 17% but the spread is 22%
Must be due soon?
Only 15 working days left in Qtr 1
But what next? They need to generate sales, and if they aren’t making marketing contributions to channel partners anymore how will they achieve this? We know they are short of cash and still moving towards profit this year. Only cheap option would be selling into current BV Tech client companies.