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So, we are a week in now since the RNS stating we are suspended as we clarify our relationship with CITIC.
I guess if we felt this was the real reason for the suspension, a simple clarification then we would have heard something by now, I think the majority will now have to agree that the most likely scenario is that negotiations regarding an offer are now taking place and the next RNS will confirm this perhaps.
Can anyone suggest a realistic alternative to the above based on all we know about EUA and how we arrived at this point, is there a plausible alternative explanation, I am interested to hear it.
They cant decide on the biscuits for the next AGM.
rmr, if it is not the real reason for the suspension,
then the nomad is not acting properly. it is part
of the nomad’s job to ensure that RNSs put out by
the company are honest and accurate. suspension
of a share, particularly for days on end, is not a trivial
matter, and any nomad who knowingly allowed a
company to conceal the real reason for the suspension
of a share would be in deep & hot water. so it is a puzzle.
I did wonder if there was a question of insider trading going on from someone at citic and therefore the question about the relationship was asked- that coupled with what looked like large reversed trades- however this has gone on too long for that me thinks- back to a buyout scenario!
Hi Spikeyj - I wasn't really suggesting it was a false claim, depending how you read the RNS it covers a few bases to be fair which would likely cover them in regards to what you are saying. I think it was crafted carefully, to be 'accurate' but rather unclear. My point being if it were a simple clarification, should you choose to read it that way, then we would have heard by now, but you could consider it as a rather more complex clarification and in relation to a possible takeover could you not?
I have read a lot of posts as many others will have done and not really seen one which could provide a reasonable alternative explanation which was the reason for the question.
RMR1969.
This is purely my private view and not to be taken as financial advice.
The BoD suspended trading due to the tweet, so:
In their view - this tweet was price sensitive information and hence they had no other choice than to protect shareholders and also remain within the exchange rules.
The points that I see are that we may have a breach of NDA by this tweet - so that would present legal issues. If that's the case then it ought to be cleared up fairly swiftly - say 7 days - but again that is speculative on my part.
Otherwise the information within the tweet - caught the BoD off guard ?
In this scenario - then it's impossible to call the events / results - outcome.
The whole idea of the Suspension - is to stop speculation - in turn obviously ""Locking"" the SP until the BoD clarify the situation - this is dictated under the exchange rules.
So they are simply carrying out their duties to protect all stakeholders.
How long will it take - how long is a piece os string. ???
Me - think I will go for a nice walk - in time - all will be revealed with the updated RNS.
However I do remain very positive and highly invested.
GLA
this tweet was price sensitive information and hence they had no other choice than to protect shareholders ...''
To protect shareholders... that sounds ominous
if it comes through at all...
not much I can do about it.......
Oh bobrad you do make me laugh, wait for the RNS to land and I'm sure there will be lots of interest.
JTMacs, suspensions are not put in place to stop speculation,
as speculation is the life blood of markets trading listed shares.
problems arise when it’s not a level playing field for speculation.
Spikey
utter tosh mate.
https://www.investopedia.com/ask/answers/042915/what-are-some-examples-fiduciary-duty.asp
The BoD are DUTY BOUND !!!
Simple
must admit im starting to get ****ed off and unfortunately im across the other side of the world so not able to call brokers. if the rns was correct and still correct to me its taking too long for the reason stated in the rns. if there is something additional ie a bid on the table the market should be informed. i see this as slightly amateur to be honest. a complete news vacuum rarely comes good
hi JTMac. I i don’t understand what point you are trying to make by posting
a link about fiduciary duty? - that doesn’t say anything about any duty from
a BoD to suspend shares because there is speculation. take a current example
on the UK stock exchange, SXX: a take-over bid has been tabled at 5.5p, lots
of pis are very unhappy, there’s an active campaign to vote it down, & loads of
chatter and speculation about possible alternative bids or funding proposals.
... but although there’s loads of speculation of that sort going on, shares in
that company are still being very actively traded, and are not in suspension.
I was invested in SXX and came out with a tidy sum for 48 hours investment.
So go ahead and tell me..............
Your comparing apples / oranges - SXX was already sold on the RNS.
JTMac, I’m not trying to compare the two companies, just
pointing out that there is still a lot of speculation about SXX
and what will happen next, shares still being actively traded,
and the price still moving. it is just one example amongst
very many that could be given of companies which do *not*
get suspended simply because there are possible takeover
issues and lots of speculation about what might happen next.
yes...….ok,,we are all waiting!!!!!!!!! and waiting.
Welcome Happyscot very wise comments IMO and nobody new or long term should be made unwelcome unless of course they have a hidden agenda which you clearly do not. MFU
Hopefully this will be a nice redundancy sweetener for you then and you can remain a HappyScot :)
Good morning HappyScot, and as others have stated welcome aboard, so sorry to hear of your recent redundancy and hope you recover your job position quickly, you have invested wisely and will be rewarded, this current stock suspension is due to a technicality of leaked ongoing negotiations and not of anything negative relating to the company who's fundamentals remain strong. I wish you all the best in finding new employment quickly.
Good luck sir.