Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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TBTT,
SpamBot Mac working overtime to try and push down your posts!
Frankie - "plummeting" - haha :-)
Yep. I have seen it all too often when big news is due. We shall see who is right
Based on the price plummeting?
Personally think we are in endgame now. If not today, next few days. I am expecting BIG things
or maybe the egm is a put up or shut up notification ??
Hi Mad Stork!
Yes, it's farcical. Longest ever Final Sales Process. No PUSU deadline, no named bidder. Oh, and it's Russia, a land where nobody gets scammed, ever...
More red flags than a Communist May Day parade.
It seems that the Takeover Panel are just as useless as the FCA - which is actually impressive, in a bad way.
Nttg2: It is the longest ever FSP by quite a long way. If I had to guess, I'd say they've been pleading Covid delays to the Takeover Panel. Surely not long til Put Up Or Shut Up, although I seem to recall saying that back in Jan, so who knows? The EGM and subsequent inevitable attempt to raise cash will be key IMO.
Nttg,
Not aware of any official statement that DLA are working on a success basis
Happy to be corrected by fact (RNS or other official statement - not one of the "facts" listed in rampers' posts)
Quite right NTTG2
Next there will posts saying Blackrock are backing the company but they conveniently forget that they use index trackers...
You’re one of the few balanced posters.
Keep it up.
TheMadStork - have you heard about 'the placing'?. . . . just so you know, it's you in the green bin!
I thought I'd filtered the Mad Stork, but this is really, really mad:
"They will be looking to do a placing before being forced to fess up about the FSP".
Nonsense. No way DLA Piper or UBS would be risking the non-disclosure of market sensitive information. If the FSP has collapsed, the takeover panel will know. Nobody will be risking prison. Unless of course you seriously think the most prominent M&A legal firm routinely sends its lawyers out to get involved in shady deals that might see them struck off and subjected to criminal proceedings.
"Dreams of a mega sale is the only thing supporting the current bonkers valuation"
Apart from the fact that, if there is no sale, the prospects of going alone to mine the in-ground assets will support a share price of around £2 within the next two years and up to £6 or more by the end of the decade (according to GMF78's calculations). Good one. You can't unfind a mine, Storky.
"...and the higher the valuation at the time of the placing, the more cash they can raise."
Even if you're right, which you're not, this is fine by me. Raise away. If it means we bring more of the £100bn+ resources into play more quickly, then all to the good. But ask yourself this: why would the directors want to dramatically dilute their own holdings which constitute around a fifth of the entire company, unless of course any dilution saw massive increases in the long-term value of those holdings?
"Will the Takeover Panel allow it is the question? I'm definitely leaning towards 'yes' given how willing they have been to enable this farce of a record-breaking bid-free 'sales process' thus far. We shall see though."
Do you have any evidence of the Takeover Panel ever indulging a sham takeover process? No, thought not. Quite apart from the fact that this is one of the biggest and most high-profile FSPs that has ever occurred - with the FSP process itself still being a relatively new way of doing things - it's inconceivable that the panel are not absolutely all over this and would have stopped it a long, long time ago if anything untoward were happening.
I tell you what we do have evidence of though: your mates getting a good jubbing for inanities like this!
Aubrey - you’ve lurked here with nothing good to say for a long time, that says everything I need to know about you too. Jog on
Crabby
‘all just stood around numb getting tugged off by the EUA BoD without a happy ending?’
Of course they’re not. Huge bonuses if sold.
If not sold they still get paid...anyone whose with bankers and lawyers knows this....
I see you're short so just have conviction in that. No need to come here trying to massage your ego. I'm long, I'm not worried and have no need to pump. Have a great day!
Madstork - and you think UBS, CITIC & DLA Piper are all just stood around numb getting tugged off by the EUA BoD without a happy ending? Get real, 3 companies of that calibre involved, 2 of a success fee basis and none have walked yet so to me that’s says everything I need to know. Prat
They will be looking to do a placing before being forced to fess up about the FSP. Dreams of a mega sale is the only thing supporting the current bonkers valuation and the higher the valuation at the time of the placing, the more cash they can raise. Will the Takeover Panel allow it is the question? I'm definitely leaning towards 'yes' given how willing they have been to enable this farce of a record-breaking bid-free 'sales process' thus far. We shall see though.
1711,
My question was more rhetorical but thank you for your reply and I like your descriptive sense of humour.
The 20,000 just @ 24.3p was mine and somebody else snatched 100,000 just before me.
The % held by 'riff raff' as Tilly calls us must be creeping up from 35% somewhat by now.
1 Noise
It’s what happens when impatience kicks in and the sp is taken to be negative.
Really believe the market has no idea of what is going on and what to price the shares. Therefore risk becomes even more important to the market and that is the bottom line.
There has to be players remaining in the process otherwise we would know by now . The assets EUA are complicated but by all accounts they are potentially massive so if any sale or part is agreed then that is when we and the market will know the truest value.
It is just a waiting game and each day , week or month will get us closer to the final chapter.
Some big volumes going through on this drop.
ATB LB
TMS just likes to **** in the nest every so often.
Aubrey, the price would be determined by the prevailing price. You're stuck in a circular argument there?
Could this be the final drop till news.........we know we have an EGM next week.
I'm confident and patient as ever.......not sold one share and just given great opportunity to but more !
MM tree shake, only the weak will sell
We have had nothing but good news and it's drop after drop. I dread to think where we would be on bad news!. It ridiculous at this point. They need to sell to realise the full value as clearly the stock market won't reflect it.