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I'm not 100% sure what happens to shareholders if it becomes delisted. ESL is in a strange position as it's a cash shell. So my thinking would be they would receive back their money invested at the current share price it closed at. But that's just a guess and could be completely wrong.
Really hope and RNS drops this afternoon or tomorrow morning. I genuinely hope everyone invested get good returns.
What happens to shareholders if the company delists.
Keep in mind what was said in the last RNS.
"The Board remains committed to converting to an investing company, which will require a shareholder vote and completion of an equity fundraising of a minimum of £6 million in cash. Should the proposed conversion not be announced before 9 December 2020, it is expected that the Company's ordinary shares will be suspended from trading on AIM from that date. It is expected that the equity fundraising will be structured as a placing, subscription and open offer, and that new ordinary shares will be issued at a discount to recent share price levels."
Even if they have secured the minimum equity fundraise. It still needs to be voted on by shareholders and also need to be given equal opportunity to take part in said placing, subscription and open offer.
By the sounds, the proposed conversion needs to be announced by either end of today or before tomorrows open otherwise, the shares will be suspended from trading. "Should the proposed conversion not be announced before 9 December 2020 it is expected that the Company's ordinary shares will be suspended from trading on AIM from that date."
If the raise has already completed , do you think they will reach out to us PI's ?
Will there be a placing ?
I think a nice rise today
Nail on the head wulfofbullstreet, raise already completed and more than 6m. Id expect price to fall to placing price and then steady rise. Things behind the scenes very positive by all accounts so long term no problem, short term may be volatile
Agreed
IMO
Finance already secured through private investment and it will be more than required 6m. Shareholder vote already happened as Dbay have enough shares to pass motions etc. Expect price to drop today on uncertainty and then RNS tomorrow and price to go up.
The mothership has been investing a lot of money, 10m in brand, complete revamp of head office, rebranding, 3 warehouses in Northampton. My theory is this is being built up for something in the longer term so would make no sense to delist.
All my opinion dyor
Any ideas?
Ask 9.7.. up 4.3%.
Simple - you would own 1% of a 49% stake in a shell company that owns 49% of the Stobart Logistics Business - very complicated. Wouldn’t touch it with a barge pole.
This company is hated and loathed by the logistic business within the UK.
Your call!!
In theory I love this company and everything Eddie Stobart Logistics represents.
Traditionally when I buy into a company stocks I then own a little bit of that company its assets and liabilities and potential is what I like to think I am buying. The original basis of buying stock in a company!
This is a company I would love to own a little bit of BUT I am utterly confused with the set up here. ESL shares seem now to be a strange weird complicated stock. If I bought 1% of ESL shares would I own 1% of the trucks and warehouses and staff and debt or not? If I were to buy a few shares here I am confused as to what I am buying? Can anyone please explain in simple layman terms so a potential investor can have confidence? All sensible replies muchly appreciated.
At a guess £15m raised. Announced today or over the weekend. None will be offered to PI’s and don’t know the discount. Expect a sharp drop but then big rise
Arbitrageur - yes this is correct.
Remember its a MINIMUM raise of 6mil. so it could be ALOT more, its need shareholder approval, and BEFORE 9th DEC
If they cant raise 6mil then shares will be suspended .
very important points of the RNS
Truth factory,
I feel like yourself they might raised already done between 7p/8p...IMO they might claim its oversuscribed...hence buying which took place last week over 8p.
Could holding more shares not give you the right to purchase more shares at a discount during the equity fund raising? Correct me if I’m wrong
Market is aware £6 Million has been sorted IMO The big buys since last thursday spells it out....
Oooooo. That's a spicy one.
Thank you YoungLad. Decided to sell and take it as a lesson learnt. Will keep my eyes peeled on December 9th.... Hope everyone gets what they want. GLA
TF - ill take that bet too. If your wrong you never post on this page again.......deal?
I’ll take you up on that bet ????
One thing I've learned is never FOMO into anything. Even if an investment is rising rapidly. Yeah, you might get in and ride that wave up and if you sell into profit then great. But if you hold just a little bit too long, then you'll be left holding the bags and with a negative paper loss. AIM stocks are different beast it seems compared to the much larger FTSE 350 stocks. A few larger players can influence a stocks SP much easier in some situations. Like the situation from last week when ESL SP jumped higher for no reason. It's why there was an RNS posted to quell speculation and a potential pump and dump.
People buy for a number of different reasons. Some to make a quick profit while others may think it's a good long term investment. I got caught out on the other end of the scale. Holding for months waiting for news while the SP slowly sank lower. Normally I would average down to maybe break even sooner. But was already at my threshold of how much I was comfortable investing into one stock given ESL's circumstance. It recovered sometimes but not back to the levels I bought in at. I sold for a £1500 loss and then 2 weeks later the SP climbed higher and I could have made a little profit if I hadn't done so.
But that's when you learn from mistakes so you don't repeat them.
Deayt u should not be holding if in doubt..imo. £32k buy at close today, and £48 k buy last thursday follow the money,or sell...simple as that