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Correct. Forced sellers at bargain prices to those who will enrich themselves at the expense of others. This is a strategic displacement of private investors in favour of "the establishment".
Agreed.
I don't think the regular retail platforms support trading on the TISE so we are all going to be forced sellers !
An utter disgrace, in my opinion. The share price has gyrated between £6 and £8.24 since the announcement, with fearful investors selling well below NAV. The board should be ashamed of themselves. There was no precursor to this announcement, with no mention of onerous listing costs or regulatory burden in prior reports. The announcement is also thin on detail. How much money would be saved in moving to TISE in listing costs? We don't know, because they haven't qualified their claims with actual figures!
The board makes the point about the liquidity of the shares, but what have they ever done to proactively improve the company's exposure. On searching the web there is thin evidence of any sort of public relations effort. No interviews with the CEO or engagement with EO Platforms, that I have seen.
To me it does not matter what the outcome of the vote is. I no longer trust the board. A board willing to make a sudden change of this magnitude with no prior warning is not a board for me. Fired!
The board believe this is in shareholders best interests because it is significantly cheaper to be listed on TISE, and the governance requirements are not as strict. I do not trust this reasoning. The board has not mentioned these issues in the past, and the company has always sustained the cost of a main market listing. So my question is, what is the real reason for the desire to move to TISE? What is it that the directors want to do that they would find difficult to do while listed on the main market? Frankly, I am disgusted with the board. The ethos of the company has always been prudence and ethical conduct - the way to demonstrate this is with a main market listing.
What do people make of the news of the delisting from the LSE and admission to TISE ? Thanks
The appointment of Paul Leaf-Wright as CEO is a significant development. He has a proven history of being able to attract new capital for UK real estate investments, particularly from South African investors. He also has connections in the banking sector. This is a solid appointment and marks an inflection point for the company. We may see the company become larger, with greater liquidity in its shares.
Share price holding up very well in these uncertain times. Solid stuff.
Good uplift in nav today. Good set of numbers except the voids.
I got in at £7.15. Bargain, but I'm watching the pay awards to the CEO and CFO very closely. Significant increases in recent years.
a good time here, but out now and grateful, nice one HCFT.
good here - dividend a thing of great beauty....back up in the loft with them.
...divi good, chart good. All good really.
ditch me zimmer frame...it moves! Only 5m shares issued, so form an orderly queue folks.
outfit, flogging shares on a spike, ploughing it back into Wickes,bricks and mortar; http://announce.ft.com/Detail/?DocKey=1323-11629515-3BM5ANDMMFG2U93NJIEF5PC5AM.
rns, and i particularly like the fact that they've taken equity profits to fund property buying; measured tactics IMVHO, DYOR etc. http://www.4-traders.com/HIGHCROFT-INVESTMENTS-PLC-4002019/news/Highcroft-Investments-plc-Interim-Management-Statement-16868999/
1000 of these to a 'sleeper' portfolio and stuck them up in the loft - no debt, micromanaged outfit with generous dividends...let's see what happens through the months/years. GL out there.