Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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No , normal for most to give a couple of updates at least, main one being deal completed, then its down to the enlarged company to have all its paperwork in order to submit the new company prospectus to the FCA (2-3 weeks if good) then a fixed 10 working day process with the Market for return, some RNA update over rns news wire some don't.
If you bring up the real LSE , at the top menu's , page new and upcoming issues, our icon or new company name , should appear on those pages prior to relisting, majority have but have had a couple that made deals and cut corners , overlap on FCA/Market 4-5 weeks process, down to 18 days in one case.
Long stretch is the current one, suspended to get the deal over the line, all in order the last bit 4-5 weeks is a breeze and basically the final two steps of an IPO being completed. π
Does Icon just reappear?
Or do we get an RNS beforehand with a date...
If he is still saying in this RNS the? deal meets its "strategic objectives of long-term growth and value for our shareholders." then IMO it's a fore gone conclusion, that it will be concluded shortly, as ITS is never going to get another opportunity for a main Market listing, so it would be in both our interest to get this over the line ASAP..
just thinking out loud....
I'm sure this RNS shows they are moving forward, hopefully very soon
ICON has manage to turn a profit for the first time in 5 years, now'' that has got to be a plus, once RTO is all rapped up god willing..
Agreed, this will be the hardest bit of the negotiations sorting out this aspect. Once that has been sorted I am hopeful a successful conclusion to the RTO.
I am sure I also saw in the accounts for Fashion they have a Β£3.5 finance faculty in place upto March 2025 with their stress test. So sort our finance side out we should be in the clear.
Surely one of the goal posts of the new listing will be to clear the ties with EHGOSF once and for all, they are quite literally leaches. No new listing will want a partner who will drag down the new valuation.
So whom understands the RNS...
Do you ever say anything with an IQ attached , you are so well named snore.......................π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±.π₯±π₯±π₯±π₯±π₯±π₯±π₯±π₯±
So VT as you do on other boards ramp the bejesus out of it hoping to lure in the gullible and uneducated, then sell as soon as news drops or in this case relisted for those to be left holding. Do not listen to VisitTimor his ramping has left many holding, just look at boil.
Glad to see this board is still kept to a discussion on ICON. Some of you need to get outside more.
GLA IMHO GLALTH etc etc... bore off
Sadly for you , you cross boards moaning clueless minnie, VT is locked in awaiting a boom and already a teeny tiny smidge in profit. Get yourself checked into Rampton Hospital or Mensa to see if anything resides between your bone dome and ears , you special needs π€‘
VisitTimor how big is the bag you're left holding here?
Almost forgot , GB's link the other day, had ITS changing its share base by what was it 19 shares, that probably a good sign things are moving forwards, share base adjustments plus/minus often come into play, to have a base evenly divisible by the negotiated price agreed by the companies. π
Someone posted earlier , In the Style turned a profit of was it Β£1.2 million, say give it a p/e style range of 6-10 , gives it a valuation by that metric of Β£7.2m- Β£12m plus icon Β£1.116m at Brad's often mentioned, he still sees the floor as 10p, if that metric , then return Β£8.316m - Β£13.116m shares at 10p ,would give a return of 83m - 113m shares.
The market will then see that as a say Β£8m mc company with current revenues closing in on Β£50m and seemingly set to increase, in terms of both revenues and profits, so like on many previous ipo/rto's , would see that as too wide a gap.
Rapid correction and find its new floor and trading range, until further news, raises or lowers the bar of expectation.
GLALTH............ π€
Back to snooze and zzzzzzzzzzzzz's , until Brad breaks the silence....... a little π€π€ or π°π°π°π°π°π°π°π°π°π°β
As for value and shares in issue at the end of the negotiations, only those involved will know, until an update RNA message over the rns news wire, lets the rest of us in on the details.
One of my others currently undergoing rto , gave an immediate heads up, the target company in negotiations with would be valued at between Β£6 - Β£8m and the company itself would be determined by the final figure agreed, as being worth the higher of Β£1m or 15% of the new company valuation.
So pretty easy to calculate a ballpark number of shares and return value. In icon case or whatever name In the Style or other it returns with, until some meat put on the bones via RNA update/s, all is guesswork, been in a hell of a lot of rto's and the one thing for certain the valuation is always conservative and never close to revenues, hence majority of returning rto companies , tend to boom.π
Totally agree Jarem, as said before , we are in the long game, the return to market is 4-5 weeks, now up to all parties to make agreements and get the new company signed off and submit the new enlarged company prospectus.
All we can do, is sit on hands and hope Brad not telling porkies about negotiations being advanced, all long rto's are down to the companies involved, first getting the deal done, then having all paperwork up to standard to submit to the FCA for a quick and clear acceptance , 2-3 weeks , then market 10 working days process, basically the last two steps of an IPO , is the end game. π€
So do we all.
I would think the hardest bit will be the negotiations with EHGO and Linton.to get them cleared off the books so to speak, I think once that is sorted then hopefully will go through smoothly. As previously mentioned can't see anything over the line until into May. We might see an announcement to tell us the proposed outline but only once ready for prospectus to be sent to FCA. Or we might just see We are pleased to announce XYZ...
They'd hurry up
That not to say it won't be 30m by the end of the first few days trading - Again on the assumption that we have relative low numbers of shares in issue. Then this will be quite sort after I would have thought. On paper they have turned the company around quite dramatically over the past year. So Hopefully the market will look favorable.
Not my assumption tbh, as mentioned I reckon closer to Jarems. 10-20p. Looking at the turn around of the business from where it was under Adam, Jas has created a stronger balance sheet, clean and profitable.
GB- those figures suggest you're thinking a dilution of about 5:1 then - is that right? If so, what is behind that assumption? Thanks.
Personally I am closer to your valuation Jarem but I do understand the simplified angle of 30m others pitch.
I am expecting the Enlarge Shares in Issue will amount to between 60/100 Million until we know what the deal looks like its just guestimate.
Last year the Company was sold for 1.2 million very much a distressed figure considering the company was making a lose of 6/7million and about to go into administration
This year projected profit of 1m plus with revenue at around 50 plus million. So will very much depend on what Brad and Jas agree - I would think based on projected figs would be around the 10/15 million market cap - So a range starting from 10p upwards.
Fair Elninio, its wrong for me to assume, just seems strange in my opinion that you wouldn't offer anything prior to now.
Many will assume based on the main market listing alone the companyβs minimum priced market cap at launch would legally have to be Β£30m. If this is indeed the case then it would translate to around a 50p valuation per share. Naturally dilution will come into play as it does with all RTO's.