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More to the point, when will this come out of suspension?
Anything greater than 30 would be nice!
Let's throw in ring, what price we believe this stock will reappear @ its more for brownie badge.
I'm putting mine at 55 pence.
Just for my understanding, how do RTO’s share structure change? Will my holding be the same at the other side albeit part of a larger share register?
My thoughts are to keep things conservative for now, if we return 4x where we are then I’ll be happy. I also think the EHOCG issue will be wiped out. IN THE STYLE will want a clean slate with no unnecessary baggage from an incompetent ICN.
Anything over 24p for me would be great. That is my break even and will be more than delighted anything over this price. I would then take what i invested and dependent on the actual deal leave for free carry,
We know what you mean GRAY, and yes we want BRAD to wrap it up quickly now that it's out in the open, not forgetting to issue what ever shares you got left to pay EHGOF for his help to get us to this point, before we come back to Market, as that's even more important at this stage, so we can come back with a clean slate, debt free / conversion free = a happy shareholders base with no moaning...
let the good news begin, it's been a long time coming from this suspended animation we have been through for the past 3 years
Let's be honest, 99.99% of investors in here would just be happy to break even on their initial investment after the last couple of years with this stock. Anything else would be a bonus so let's just be a bit realistic.
“Some other RAG trade suitor “
Now the RTO is in the open,hopefully Brad will get his finger out and complete be some rag tape suitor buts in .GLA
Hi Doctor
Where are you. Could do with your views.
Its in the name people iCON
True and one of the best metrics jarem - profit! They have managed to swing a 6 mil loss into a 1 mil profit in c. 1 year! That’s pretty impressive by anyones standard, they have also indicated that profit margin is to continue to grow.
Revenue in the grand scheme of it is worthless without profit. Cash is king as they say, something Frisby and co couldn’t control.
True woody! For every cooper there’s ten Davey90s
Was trying to establish some metrics on how to value a Fast Fashion business. You have the usual Revs/Profit/loss as in any business. Also need to factor in Social media subscribers think over 4 million emphasis on Collabs which they have Stacey Solomon and Jac Jossa as well as others and also about ethic and sustainability which they go into quite a bit on the accounts side of things about carbon foot print etc... With the company now turning a profit this year apparently - Which means revs have probably increased quite considerable together with a reduce cost base.
This is looking very positive for us all. If deal goes through. So a large MCAP on return could well be possible it will now all depend on what Shares are in issue once everything is sorted that is the only question lets hope not too many!!!
Thank you, Cooper81, we could do with more gentleman like you on these boards. Thank you.
Was definitely some buying from those in the know! The volume was near 6 mil from memory, which was 20x the daily average.
There was also a poster spouting about a deal tht morning before there was any volume! who disappeared and deleted their acc. Interesting
Well it look like brad have already paid that £1.2m price tag from last year, but because it was so sensitive it could not be release to the Market until everything is finalise, but it look like someone whispered it before it was due to land and the herd got wind of it and started buying like crazy LOL!! and if LSE did not suspend forthwith i truly believe we would have broken 12p at least before closed, and go on to double the next day'' because if we have really acquired a potential £54m a year in revenue popular fashion brand, and we only have a MC of £500k then I think even if you are stupid you will notice a huge disparity in our suspended SP
Not sure about a 50MCAP - but hey that would be nice. Remember there will be more Shares in Issue than the 11m currently. I would certainly factor those in for sure. Unfortunately for ITS shareholders they will not benefit from the looks of it as its a separate entity now.
If this get over the line then we should benefit massively as a result. Totally new company, New people at the helm. Profitable with million in revenue streams- I will certainly be happy if this gets close to the £1 mark on return anything from 50p to £1 on return anything else is a bonus. min 30p would still be great - I was thinking between £5-10 Million prior to yesterday - but until we see the details its just guess work.
Very kind Cooper! These boards need more of your kind.
My hunch is an RTO will take a few weeks to complete, there's a need for a new prospectus which will usually be confirmed with the market.
I really hope ICON haven't/don't sign up the new guys with a view to introducing the new owner to EHGOS and its death spiral financing....
This RTO could very close to completion, both parties could have been working together for months.
Iconic were forced to prematurely disclose potential RTO , because the unprecedented rise in the share price and the lack of any RNS containing news/speeding ticket, forced the hand of the FCA into suspending trading. If the share price stayed low, probably we still wouldn’t know what had been happening behind the scenes.
So a RTO DONE, RNA could very easily be only days away, now wouldn’t that be good.
Only me thinking out loud.
Good luck Woodyjohn40 and those invested before the administration period. I hope this works out well for you all.
I’m not sure on the maths Maid, sounds a little bit finger in the wind…
It’s hard to envisage how the new structure may look but I doubt it’s holders will get anything it’s totally separate now
"Yes and Bob RTO - its a quicker vehicle to market using a Shell such as ICON, than going IPO route."
I know not a lot but describing ICON as the shell clarifies things for me. The online clothes shop wants a Market Listing to raise funds. Its, presumably, passionate creator has had enough and now a bunch of suits with a badly drawn website are taking over the lingerie department because this is going to work?
https://www.iconiclabs.co.uk/
Our Team.
Hopefully, their maths are the same as yours then )