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On the surface of it this is a high risk gamble on the results of the litigation against the Kosovo government (possibility of a massive £165 m payout). Company seem fairly confident of outcome, but whether Kosovo would actually pay or not is another matter. Personally I would think an out of court settlement for a lower amount is more likely.
However if you look at RTO a little closer Eco Buildings Group has some promise ... modular homes could become a winner in the current housing shortage
Interesting Risk / Reward situation .... I've got a couple of £K in at 1.45p average.
Unless I have it wrong its ex rights on Friday 26th, so Mondays SP should reflect the rights being 'lost'
Still about a week or so to go though. An age away in the trader’s game
I bought @2p and not happy with now.It seems it does not want to bounce
Well no strong run up to 26th so far. Any thoughts anyone?
Okay, okay I admit it. I bailed on 9th May at 1.58p driven by the euphoria of unexpectedly getting my bet back (I still hesitate to use the term investment here).
But a bit of FOMO, with May 26th on my mind and the sinkage of the offer price to 1.2p meant I was tempted to buy my 100k shares back this afternoon. I almost went back in with the full proceeds from my sale but I still see Fox as very much a gamble which may disappear. Be interesting to see how much the ex rights price drop is (rights as in the litigation proceeds rights). However I played it I was bound to regret my decision!
GLA
SpreadX is just a broker for lots of PIs, so it’s just one set of PIs trading to others. SpreadX TR1s are neither good nor bad
Lots of buys but Spreadex dumping
Lots of buys but Spreadex dumping
Just a waiting game now...VOLUMES can pick up anytime ...before 2nd of june....worst case...post admission....there will be more interest i feel ...as new company floats
Just bought some more, having looked further into the RTO. I think this will start to move next week.
Imo litigation of possibly 10-20+ bags is a BIG BONUS...
If you do your research..you will see....post admission i.e 2nd june onwards....80%-85% of shares will be locked in for 2 years...55p could easily become £5 £10 company within few years....i wouldnt be surprised if this became a MID-TIER company down the line...
GL
Yes, think that explains the ongoing weakness. Plenty of time before then, although I would say the time to buy is well before the potential excitement in the run up if you’re in for the litigation.
It’s not next week it’s June 1st, see Rns from yesterday
The record date is pretty soon now, middle of next week. When that is passed the shares will theoretically drop due to the lack of exposure to the Kosovan litigation. Worrying, because they are going in the wrong direction just now.
I’m not a trader but 7% down by lowering the bid on 3 small trades feels overly harsh and like someone is fishing for shares.
All my opinion. I’ve called this one wrong so far.
I received the same message, sorry does anyone have any idea what this means?
I have about 10, 000 shares which cost me £2k a long time ago, I’ve bottom drawer’d them. Are they lost entirely?
What is happening?
The Board of Fox Marble Holdings plc has announced a reorganisation of the company's share capital and is proposing to change the company name to 'Eco Buildings Group plc'. Shareholders as at close of business on Friday 26 May 2023will have their holding subdivided then consolidated, effectively receiving 13 new shares in place of every 659 shares previously held. Each share will first be subdivided into 13 shares, then every 659 shares will be consolidated into 1 share.
The new consolidated shares are expected on or around Tuesday 30 May 2023. Please note we will credit the shares to your account upon receipt from the registrar which may not be before8.00am on 30 May 2023.
The consolidation and name change is subject to shareholder approval at the Annual General Meeting on 26 May 2023. If you wish to vote, you'll need to do this before 1pm on Monday 22 May 2023so your vote can be passed onto the company before the shareholder meetings.
I think we’ll see a bit of interest prior to the record date. Quite a few in the sidelines waiting for their entry if twitter is anything to go by.
If not, then the new Co looks interesting enough to merit an increased valuation provided they deliver positive results
Bought at 2p now 1.3p. Wonder if it will go to 2p again
So how many more shares do I need to buy to not get wiped out ?
Radika I think the PI's will be turning up next week. Clear and obvious home run towards friday.
Casper there does not seem much interest from pi’s. Also why are you so sure that was a buy.
Also very surprised to not have seen BUYERs Tr1 yet...maybe still to come ..
anyhow
not long to go for record date of 26th of may...
GL
Still no TR1. Should have been 2 trading days for a UK holder and 4 for a non-Uk holder.
Exemptions are: Market Makers who only have to disclose over 10% holding. Firms holding securities (I.e lending) only have to disclose over 5%. Investment/fund managers. Over 5% or 10%.
So assuming rules have not been broken the implication of a non-disclosure could be interesting. I can’t see an MM wanting to hold 10% of any stock.
All my own opinion.
Think we might see a move here in coming sessions as the dividend record date is next week. Added a few for the long term pot.