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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Fingers crossed. Good weekend...
Yes volumes are picking up and some interesting buy action. Maybe a bit of pre RTO sloppy money being cleared up by big buyers before this has a proper move. I expect we will see this back at 3p+ in short order. Its a very exciting sector and the management team are very credible
Thanks for the news article TG91
Looks like some 'off book, trading going on, as after that big buy today the next buy was at a lower price......?
Fascinating sector, the one that ELEG have got themselves set up in.
Yep couple more as well. Someone is loading up
Huge buy there
Yes he did come across as ambitious....Lots of potential
With the legislative changes ongoing, i can see how Electric Guitar are positioned bang on. 3rd party data sharing is done. They have a real USP and Regan comes across very credible. They have alot of skin in the game which is also good.
“…data has been called the new oil. This is the new oil. We will strike a lot of oil…”
https://total-market-solutions.com/2024/05/electric-guitar-plc-may-2024/
Anybody know where that piece of **** disappeared to? What happened to him? I know he took part in the original placing here at ELEG along with Mr Blowster aka InvestingGenius. I'm curious if Hogan is still holding is shares? Anyone know?
Nice interview. Looking forward to this one being back tomorrow. Quite an exciting company with the compklete RTo of 3Radical. I have some experience of this sector and the opportunity is huge. Surprised its come at such a low valuation, probably the nature of the markets currently, but i suspect it does very well
On what basis were these warrants issued?
7th Jul 2023 8:00 am PRN Proposed RTO
Heads of Terms signed
Proposed Reverse Takeover and Suspension of Listing
Reverse Takeover
ELEG is pleased to announce that as of 6th July 2023 it has entered into a non-binding heads of terms to acquire (through a reverse takeover subject to regulatory and shareholder approval and due diligence) all the outstanding shares in 3radical Limited ("3radical") in an all-share transaction ("Transaction").
The Transaction is in line with ELEG's strategy set out at the time of its IPO last year. On completion of the Transaction, ELEG's intention is to cancel its listing on the Standard List and seek admission of its ordinary share capital, as enlarged following completion of the Transaction, to trading on the AIM Market of the London Stock Exchange ("Admission").
The heads of terms place an initial valuation on 3radical of £3 million, subject to adjustments.
Suspension of Listing
The Transaction, once completed, would constitute a reverse takeover under the Listing Rules. As ELEG is not yet able to provide full disclosure under Listing Rule 5.6.15, it has requested from the Financial Conduct Authority, and been granted, a suspension of listing in its shares with immediate effect pending either the issue of an announcement providing further details on the Transaction, the publication of a prospectus, or an announcement that the Transaction is not proceeding. Any restoration of the listing prior to Admission is subject to the approval of the Financial Conduct Authority. The parties are committed to seeking a successful completion of the Transaction as soon as practicable, but there can be no absolute certainty that the Transaction will take place. ...
https://www.lse.co.uk/rns/ELEG/proposed-rto-nq9sjzex464lvng.html
“…But investors prepared to exercise due diligence, and looking to get in early before the market tide turns once again towards more speculative ventures, might want to have a look at the some of the UK’s smaller SPACs. It is important to note that such companies can apply for exemptions from the FCA rules requiring that SPACs list with a minimum market capitalisation of £30m…”
https://total-market-solutions.com/2022/07/spacs-down-but-not-out/
“…We’ve got to help advertisers rebuild their data infrastructure and change the way they relate to people about their data…”
https://total-market-solutions.com/2022/04/electric-guitar-plc-april-2022/
“…a rare opportunity for small cap investors in Electric Guitar to gain exposure to a rapidly growing digital marketing sector…”
https://total-market-solutions.com/2022/03/electric-guitar-plc/
“…We’re going to buy and build and become a supplement to Google…”
https://total-market-solutions.com/2022/02/electric-guitar-plc-february-2022/
Small buys ticking it up. Sticky book as evidenced by the price action since IPO
Very few of these cheap low mcap cash shells left. Exciting sector looking to exploit Google (And Others) stopping 3rd party data use & distribution. So its all about 1st party data going forward
Huge multi billion dollar sector
IPO was Wednesday. One of the last few cheap cash shells on the market.
Focus on the digital marketing sector looking to exploit the fact Google (amongst others) are bannin 3rd party data. So will be lots of opportunities to take advantage of.
£1.2m cash in bank and a sticky book. Expect this to run and attract some interest as we are seeing already