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Yes absolutely, surely they aren’t that dumb to list all these jobs if they were not assured of large expansion or expected expansion https://www.megroupholdings.co.uk/careers/page/2/
Advanced stage
My pov is that they must be confident of the securitisations otherwise they would not have resisted on Aquis because it will kill the share price and the business if the securitisations do not happen and none of the shareholders want that including ME Group who hold some 17m shares in Forbes. They would rather have taken the business private or delisted off Aquis altogether until they were in a position to announce the securitisations in order to protect the share price. I hold approx 1.8m shares and I plan to stay put and trust in the long term prospects of the business, having said that with the share price being so volatile on such a small amount of trades it is squeaky b*m time! You need to be brave and believe, which I do because of the points just highlighted. I am very confident they have a plan and the securitisations will be announced before very long otherwise they would not have allowed the business/shares back on the market. That's my rationale.
That along with all the recruitment activity, it suggests that they have all their systems in place at Forbes/megroup ready for listing.
No, what I mean is that the last March delays were caused by mfsa not approving the listing but in July it was approved by the mfsa.
So the delays last year were down to the mfsa and not the investors.
So if the investors are now at an advanced stage of signing then surely it is nearly complete
RNS?
Litigation Funding Securitisation Update
The Company has been advised by its Maltese Corporate Advisors that the listing of the GBP 40 million two-year notes (the “First Issue”), for which Forbes Ventures’ wholly owned subsidiary Forbes Ventures Investment Management Limited (“FVIM”) acts as collateral agent, has now been approved by the Listing Committee of the Maltese Financial Services Authority.
They came back fast with the audit rns and relisting because the securitisation was slower than they thought.
Mid January i expect the first issue
@demolition123. How long have you been invested? They have been promising the securitisations and business update for the last 2 years, not sure anyone believes it now. Although I was surprised they came back at the end of December this must have been at the insistence of Aquis. The RNS implies that they planned a come back the 17th January. This is when I think you will see people piling in..
They want sellers rather than buyers
Mms need shares
Vary surprised people not piling in on this one to say there expecting it to complete mid Jan,they were pushing for end of 2021 but could happen before then with the other securations announced in quick subsession.Someone did post on here something for 500 million linked to forbes dont no if there is any truth in that,maybe they can repost it please
Moves fast doesn’t it. Best to hold for news.
Yes you are right Gogogo and I woul have brought back after it has fallen 50% since then. I am not a trader but any buy or sell has a very big impact on this share. Today there have been only 4 trades. Of less than £5000 and the sp has responded.
Post balance sheet activities
As mentioned above, Forbes Ventures announced that it was developing a securitisation platform in its wholly owned subsidiary Forbes Ventures Investment Management Limited (“FVIM”). The first tranche of this business is scheduled to be listed and completed after the balance sheet date and after the Board approved the accounts. The impact of this transaction makes it a post balance sheet event – an item that fundamentally changes the interpretation of the accounts. Details of the transaction are provided in note 21 to the accounts.
They wanted this to come back mid January. Imo it is scheduled for that time
Imo it was rescheduled
High risk high reward
I am here for the high reward
Anyone selling now must be nuts in my opinion with whats coming,with covid and Christmas hold ups anytime now and next week I would expect to hear something as they were trying to push it through before 2021 end,but couldn't quite do it in the timeframe
Spoil you said earlier if you wasn’t busy at work yesterday you would have sold!!
@maaonmaster. When it was suspended I was *****no my pants! However I believe the securitisations will land and the sp will go up. Like Joi10 I don't know by how much. Having been proved wrong I am happy to hold until my exit sp, which I believe we will achieve in qtr1 or qtr 2.
Joke isn't it... time in the market is the winner here...
When it lands the price will go up, how much only god knows... but to say it's priced in is a fools statement.
Here we go again, people p issing their pants again!
I'm not sure it's priced in either or the business strategy. Why? They have been promising the securitisations for 2 years and the business strategy for 1 year. Hence the BOD has very little credibility with the market. We were told back in July that the Maltese would list the first securitisation, this still hasn't happened! It might be out of their control but the business strategy isn't, and this hasn't been forthcoming either. I missed yesterday's spike because I was in a meeting, otherwise I would have sold..
100m has been known and expected for a long time now, it rose before the Malta issue in anticipation of them. At least in my view. But I am most normally wrong about things to be fair.
Any chance you could explain a little more why it's not priced in?
100million definitely not priced in....with both and Business Update ....your talking over 20p
Can anyone see L2 and know what these buys might mean?