Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yep, means you dont have to phone up. I have a few in HL and majority in ii. I hate having to phone HL to do any deal orders, especially as they charge extortionate rates for a simple order
albibble, with ii you can put in a fill or kill order at your own set price
I'm through interactive investor (ii) - however, you can't buy "live" with them you put in the request and they execute within a few minutes
deal completion news next week this is what was planned.20p sp on completion rns.mms holding it back for your cheap shares
They dropped it to conversion price after the rns at 3.75p
Boom
Delayed sell most likely
Only 22k worth of shares have been brought! And although more shares have been brought than sold, unlike yesterday the price is back to suspension price. I really do not understand the liquidity of this share, can any one explain? Also we say that news is incoming but when?
Hargreaves or aj bell is best
Halifax sorry not Halix
Quick question. Who do you deal through Halix share dealing don't deal with this stock.
I've gone in again, just purchased 236k shares. All eggs in one basket here so really hoping it will fly!!
Great post.
HUGE news incoming for FORBES VENTURES after this mornings RNS!
£705k debt owed converted to shares !
https://www.**********.co.uk/rns/announcement/9b3ec3fa-985a-4777-8559-a7ee3cc5984a/
Forbes Ventures have talked of the very final steps of their 2 x securitisations being complete any day now and their latest RNSs talk of many more securitisations being secured too! The first 2 x will bank £2mill for Forbes and much more on the way! Is this business update later today or will they announce the finalization and more securitisations?!
Safe bet is to get an entry now before the news is released!
One thing for sure is the conversion of £705k debt to shares can only be a good thing and good news is immenent!
P/E Ratio analysis puts Forbes at 15p which is around 600% up from current price at around 3-4p! The SP already hit 8p this week on speculation alone and this flies on very little volume!!
In our telegram group alone we account for 95% of the supply so go figure!
Greg, you know you don’t need to create a new thread every time you post.
Just reply to an existing thread
Watch it bounce
They were keen to convert quickly.
Securitisations in bound.
That was holding this back
STRONG BUY
Great timing. Conversion as expected.
Now debt free with securitisations in bound
Issue of Equity and Director's Interest
Further to the Company's announcement of 10 December 2021, Forbes announces
that debt of £703,056 owed by the Company to CC Capital Limited ("CC Capital")
has been converted into 18,748,170 ordinary shares of 0.1p each in the Company
("Ordinary Shares") at a conversion price of 3.75p per Ordinary Share. The
conversion price represents the price of an Ordinary Share on 29 June 2021,
when trading in the Ordinary Shares was suspended.
Following this issue, CC Capital now holds a total of 291,748,170 Ordinary
Shares, representing 61.42 per cent of the Company's enlarged issued share
capital of 475,000,000 Ordinary Shares.
As confirmed on 31 December 2021, CC Capital is continuing to support Forbes,
pending receipt of funds by the Company from Litigation Funding
Securitisations. Rob Cooper, the Chief Executive of Forbes, is a director of
and major shareholder in CC Capital.
Application will be made for the Ordinary Shares to be admitted to trading on
the Access segment of the AQSE Growth Market and admission is expected to
become effective on Wednesday, 12 January 2022.
Following this issue, the Company has 475,000,000 Ordinary Shares in issue,
each share carrying the right to one vote.
This figure of 475,000,000 Ordinary Shares may be used by shareholders in the
Company as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their interest
in, the share capital of the Company under the FCA's Disclosure and
Transparency Rules.
The Directors of Forbes accept responsibility for the contents of this
announcement.
-ENDS-
Steve to you
Thanks Greg
Name Number of Ordinary Shared % of Issued Shared Capital
CC Capital Limited 273,000,000 59.84
Robust Resources Limited 67,631,153 14.82
Goldvista Properties Limited 50,000,000 10.96
South River Asset Management Limited 17,613,746 3.86
The me group/ cc capital hold 60% of the Forbes shares. 260 million