Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Oh dear , what a load of BS from the BOD . Waste of money , should have got out earlier January 2022 .
Shares can go up as well as down .
Really odd
No RNS disclosure who is buying these shares Employees? The coy is in breach if they know what no other knows!
Thank you Pip I bought in at 8p attracted by the fact that the placing price was 12p. The honest truth was my aim was to get back out at the placing price if I could. I have only invested £1k so I will let it ride and see how it plays out - thanks.
If you are talking FCRM then the two biggest shareholders combined have sufficient shares to declare they wish to take the company private. The entities wishing to take the company private must be willing to buy out all the other shareholders. They will declare a share price they are willing to pay and then there will be a shareholder vote - Yes/No. The share price is typically a little above the market price at the time of the offer - so today perhaps 9p.
If the motion is accepted then all shareholders will receive the price offered for their shares. Yes voters will get the money for their shares on agreed date. No voters will have their money placed in an escrow account until such time as they accept the vote was lost. Once they sign to accept the vote outcome they will receive the value of their shares.
FCRM was subject to an attempt to take the company private a couple of years back. The protagonists were forced to the table to agree they would not do it again (RNS gives details). since then the individuals concerned have increased their shareholding by proportion and forced boardroom changes. The significance of this has yet to properly play out but the sp dropping from mid 40p to the current 8p via a 12p placing might be an indication of the direction of travel.
If you are a novice, as you say you are, I would tread carefully and spend some time researching the company. Its lack of business transparency should make you cautious.
Can I ask a novice question - if the company is taken private following obtaining the rest of the shares required to obtain % needed and lets say the price moves to 10p whilst getting the extra shares - does that force shareholders into selling their shares, at 10p even if they bought at the placing price or open offer of 12p.
Blue again , what is happening ?. Out of hibernation from the BoD's ?.
?.
Another false dawn ?.
Steady !.
Waste of space .
A bit more of ducking and diving again ?.
Just what are this BoD doing - apart from having a laugh ?.
Here we go again and nothing from the BOD .
After the Lord Mayors show .
Boracic: No I don't think so. I think Dugdale is an operator and not a strategist so he has returned to his former role. The new CEO has no baggage in the company so he is free to follow through on the BoDs direction. Conspiracy theorists who see the company being de listed might well see a new CEO, previously in a short term appointment, arriving in the role of a hatchet man.
Rats and sinking ship come to mind .
Yet another change on the Board of Directors. Dugdale steps down as CEO to return to his previous job as COO. All the usual plaudits for "his hard work and contribution towards laying the foundation for future success" from Babbington who increasingly sounds like a hollow vessel.
Yet more redistribution of the Titanic deck chairs or is this a positive change? I suspect it's an interim appointment until someone with authority and industry credibility can be found.
I'm glad to say that I saw no good reason to take up my option on the Open Offer. It appears I was not alone and kinda confirms that most invested in FCRM no longer view it as a viable stand alone listed company that would be accountable to normal shareholders.
As it stands Turner et al took over FCRM through the back door and no one could stop them. Now normal shareholders are at the behest of this gang of corporate predators.
Not the first time this has happened to a good company and it won't be the last but Aim is a pretty weakly regulated part of the UK Market so gangs like Turner et al got lucky.
HC
Could there be an imminent bid for Fulcrum Utility to take it private , or break it up ?
Bayford Co and Mills seem to have positioned themselves into very strong positions to carve up as they see fit .
Jonathon Turner/Bayford now up to 26.7% and Mills/Harwood Capital at 28.8%
Given Bayford had previously attempted to take private something seems to be in the offing . add to this the three directors finally buying shares in the recent placing .
Fulcrum is in a good sector for sure and some conspiracy theorists might argue there has been a concerted effort to batter the share price down , then do a large fund raising to get yet more shares on the cheap and then a little nudge at the end to takes it private at a very good price ?
As Hannibal said in the A team / Bayford says to Mills ??
"I love it when a plan comes together "
I assume they’ll announce the purchase of the smart metering business within the next few days.
Nothing from the people supposed to be running this outfit .
I’ve taken up the rights. Criticism justified but not the doomsday scenarios being described by some. This is the bottom.
Your choice.
Clearly have not read the tea leaves.
In any case - what is money? Just something to play with.
Have decided to take up some on my "entitlement" Not sure whether i am a jolly gambler or just a b..... fool.