Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Started: Waverider14u, 19 Jun 2024 17:57
Last post: Jarem, 20 Jun 2024 14:32
We just have to remain patient - these RTO's take time. Lots of moving parts, hurdles and obstacles to get over.
We are now into 16 weeks since suspension I would have assumed a few weeks beforehand things started moving,
Fingers crossed its progressing otherwise we would have heard by now, so still confident all is well.
It would be nice for an update but don't think it will come until all sorted.
In the style fashion have just don a deal with Tesco F&F in 300 stores.
Brad hasn't let us down so far and don't think he will let us down having come this far.
Hopefully send a rocket up brad/jas's ars..
Wave, the default address "companies house" will be used for another 6 days ( 12 if they mean just working days) then a new address has to be filed, hopefully that will coincide with a name change and a prospectus.
Fingers crossed, I don’t think i can stand this waiting much longer. 🤞👍
Ok paint is now dry. I think I’ll count my freckles or watch the kettle boil for a few more days.
Surely we can’t be that far away 🤔
Started: Stewartyboy, 18 Jun 2024 14:56
Last post: Gordonbennett1, 19 Jun 2024 04:19
As long as it ain’t being put down haha! Come on Brad give us an update at least
Maybe behind scenes, the horse and carriage, are charging ahead.
O-------O--------O--------O
Started: johnboi1968, 12 Jun 2024 07:11
Last post: applebee, 18 Jun 2024 13:58
I keep checking every now and then....nada, niente, nothing.... but tumbleweed.
Just seen some tumbleweed
Aye Stewarty,it’s been magnificent 😳
Kept us up to date with everything
Dr Krebbs…..totally full of S H I T
Last post: Dodger27, 8 Jun 2024 23:33
What kind of holdings do we all have here? I had 100m before consolidation so would assume that’s not really a large holding nowadays
Started: Gordonbennett1, 30 May 2024 20:24
Last post: greybadger, 8 Jun 2024 14:53
Looked at it again,you might be right, all I do know is whichever one it is as long as they are linked with In the Style fashion if this RTO comes off all us holders will make serious money off a £50mil fledgling company with the growth potential expected. What I do like is the business model linked too influencers.GL
Yes it is confusing, below is a paragraph from the RNS. So this says "ITS Holdings 2023 Ltd" are the Target and they own In the Style Fashion Ltd.
I’m not 100% but "ITS Holdings 2023 Ltd" are the RTO business. Do you agree ???
The Board of Iconic is pleased to confirm that it has now entered into non-binding heads of terms with the owners of ITS Holdings 2023 Ltd (the "Target"), the holder of the entire issued share capital of In the Style Fashion Ltd, an online fashion retailer, in connection with the potential purchase of the entire issued share capital of the Target. The proposed transaction is, inter alia, conditional on the completion of legal and financial due diligence on the Target.
Woody I might be getting confused but I thought Itsarm plc and in the style were one . Getting old need to head back to hibernation. Thanks.
Gb, i believe you are looking at ITSARM PL, but it is "IN THE STYLE FASHION LIMITED"
Company number 08792519, that is the RTO subject.
ITS compulsory strike off discontinued, we are in for an. Exciting time. Keep an eye on companies house over the weekend might get some detail. GLA
Started: greybadger, 25 May 2024 20:34
Last post: Jarem, 29 May 2024 09:01
The proposed RTO is with In the Style Fashion LTD - there is no compulsory strike off order with this company.
We are not RTO into ITS or In the style LTD, I just wanted to clear that one up.
Is someone turning the screw, and wants Icon liquidated.!!!!!!
Interesting times.
Surely news within the next few days.!!!!
“Understand it”
Getting complicated now way above my head ,as I understand now only 28 days before ICON hits major problems.
Time is of the essence.
As of today the banks can force ITS to cease trading as I underit
Started: Stewartyboy, 22 May 2024 17:50
Last post: Stewartyboy, 24 May 2024 11:11
Dave says, he has come from the future
He is only saying that by looking at our last historic suspension that lasted for 2 years and started on the 7th June 2021 and got restored 24 Jan 2023 but this one is different DAVE, it's a RTO between x2 CO that have already agreed in principle, and does not involve the kitchen sink, lots of conversion over time to EHGOF / Greencastle / other small creditors / the courts''/ prospectus, that it would take 2 years again, this time all BRAD will need is DD and FCA approval unless I have got it wrong ? and DAVE knows more than us ?
Regards
Do we not need a prospectus before the FCA get involved in approval?
I’m happy to sit it out, not losing any money!
Well, ma mate Dave says, this could go on fir 2 years
Started: woodyjohn40, 9 May 2024 08:54
Last post: woodyjohn40, 22 May 2024 21:34
M308.
I think you are bang on correct , I suppose we will never know what has been happening in the last year behind the scenes, discussions, planning, deal making, new prospectous agreed, hopefully all is nearly completed, I could do with a RNS to cheer me up.
My estimate is about a year before we got to know about it, i think it was discuss that monies has already exchange hands to sweeten the deal ? so there really should not be this much hold up'' unless its the FCA side of it? FK knows..
As we all know iconic’s share trading was suspended due to an unusual increase in trading volumes, possibly due to a leak.
That was on 29 February 2024 when the RNS stated it was in RTO talks, but we don’t actually know how long prior to this date that negotiations had been going on, so we could have already overrun the expected 3 months for an RTO.
all my own opinion, I could be completely wrong.
GORD, the CO say they cannot provide any indication of a likely completion date. so we are all in limbo ATM as to when we will get that update almost 3 month on.. but rest assured Brad is determine to get it over the line to unleash shareholders value.. but if it helps any the most it should take with FCA & due diligence is 12 weeks and that is almost upon us, so yes''' anytime from now'' to next Friday all things been equal... although I must admit the wait is frustrating, as such that one would have thought if there is an overrun time wise BRAD would at least give us an update to say he is still working on the final detail to at least keep us happy'' we will see....
ANYDAY NOW SURELY....
Started: Stewartyboy, 14 Apr 2024 18:43
Last post: Gordonbennett1, 3 May 2024 18:02
Haha come on Bradley give hour Jas a nudge! ITS is out t he way now so let’s get the new co back on the main market! Perhaps that was the first hurdle, although no real ties it probably wasn’t a good look to have a fresh start with the old flame still around?
Brad here
We have our fingers in a lot of pies the new, I'm getting paid loads so a dinny care
C’mon Brad there must be something you can share to cheer us all up a little,
Hi All, just thought I'd pop my head in. I would hope we are now getting to the Business end - I predicted End of May/ June, So i am hoping in the next 2 weeks we will hear something about deal done. The 4/5 weeks from there. hopefully anyway.
As for that link below not sure what happens with that - hope means we will not have to hand them any shares lol so a little less dilution from our point of view.
How does he fit in with icon?
Started: Poormandreaming, 29 Apr 2024 19:06
Last post: STFCsam, 29 Apr 2024 19:12
I’d be happy to just get my money back to be honest
I'm a long term holder (nothing to be proud about!). This stock has been suspended way longer than not!
TBH, I wrote this off a long long time ago. Anything is better than nothing but it really is the most frustratingly silent stock.
One day maybe?!
Started: johnboi1968, 10 Apr 2024 22:09
Last post: johnboi1968, 10 Apr 2024 22:09
Need 23p to breakeven
Last post: VisitTimor, 10 Apr 2024 11:00
12p would be a good start , hoping Brad true to his word , seeing 10p as still the floor and the settlement of icon shares per ITS settlement icon shares/valuation, has been done at least at that price. 🤔
Some have had deals and arrangements with the return phase, which is in essence , just the final two steps of an IPO
Shortest one I have been in was arranged for 18 days overlap (subject to conditions) FCA/Market, on submission of the enlarged company prospectus.
Unless they update, for all we know, we are in that final phase, or still in crossing the I's and dotting the T's finalised negotiations...........anyone's guess. 🤔
That's the biggie Apple, been in dozens of rto's , until the deal actually done and new enlarged company prospectus submitted to the FCA, its always 4-5 weeks away, unless they break the silence, some do , some do not.
Could tell us some details at various stages, some do , some don't, principally
Deal completed and signed off
Finance raised with deal Yes/No
Prospectus submitted
Prospectus approved and application to return to market made
Provisional return date
Often listed on the real LSE, upcoming new issues, before above on some I've been in........
https://www.londonstockexchange.com/live-markets/new-issues
More to the point for me is...When will this come out of suspension?
My guess is that it will open on 12p. Which is where it was going before the rise was rudely interrupted.
Started: Stampee1, 4 Apr 2024 08:46
Last post: Gordonbennett1, 9 Apr 2024 20:28
Interesting angle maidit! I did get the feeling from the share price move that things were already further down the line than some think. I reckon we will be back by the end of the month/mid may. Just my opinion.
Maidit308, I believe you are probably correct, i could never for the life of me understand why EHGOS backed Brad with £3 million to pay off all debts and clingers on, EHGOSF must have known all about this planned RTO of ‘its’.
If all they new was what was in that ridiculous Prospectus RNS, NO way would they have coughed up £3 million.
Https://www.londonstockexchange.com/live-markets/new-issues
Been in several dozen RTO's , some have been noted to return first on the above real LSE page, so its also one to keep an eye on. Some have had waivers to overlap the FCA 2-3 weeks and mandatory 10 working day Market process, that one came out at 18 days overlap , once deal completed and prospectus submitted. 🙏
As maidit just said if the negotiations have been going on that long already , should be soon (our version not a ceo dictionary version 😂) as said weeks ago, any long delays, are all blame stops with the companies, no one else.🙄
About 1 year at least WOODY IMO, but it was kept under the hat for obvious reason, as it's huge'' and perhaps the finer detail is still been kept under the hat, until completion, and I make BRAD right'' looking forward to it and the new SP or name when we come back.. i hope it won't be too long now THO, considering how long the conversation have been taken place
Regards
It’s been nearly 6 weeks since the suspension of trading RNS, but do we know how long previous to the RNS the negotiations had been going on. Was it weeks months?
Started: johnboi1968, 7 Apr 2024 21:29
Last post: johnboi1968, 7 Apr 2024 21:29
Wheres my money
Last post: VisitTimor, 4 Apr 2024 08:25
Cash shell that had previously dumped all its assets
https://itsarmplc.co.uk/
Itsarm plc is an AiM-listed shell company. The Company’s business purpose is to seek the acquisition of, or a merger with, an existing company.
The company is incorporated in the UK and its main country of operation is the UK.
CORRECT AT 08:07 04/04/2024
TIDMITS
RNS Number : 6544U
In The Style Group PLC
29 March 2023
29 March 2023
In The Style Group plc (the "Company")
Change of Name to Itsarm plc
It has come to the attention of the Company that on 7 March 2023, the same day that the Company announced the conditional sale of In The Style Fashion Limited and the proposed name change to "Itsum plc", Maxrs Ventures Limited changed its name to Itsum Limited.
As such, the Company announces that, further to the announcement on 27 March 2023, the Company has changed its name to Itsarm plc. With effect from 8:00 a.m. tomorrow (30 March 2023), trading on AIM will commence under the Company's new name. The Company's TIDM, "ITS", ISIN (GB00BMXMR838) and SEDOL (BMXMR83) remain unchanged.
THAT'S WHY WE ARE ALL GETTING CONFUSE, but there is only 1 ITS online ladies fashion but with perhaps 3 different owners then''with issues'' but now there is only 1 owner of the entire issued share capital of the said target that call himself ITS holding 2023 LTD and he is the person BRAD have bought the whole lot from
there is not another cash shell call ITS looking for a RTO IMO they are all 1 of the same
DYOR
Thanks for that JRR'' that means BRAD is moving quick to get this RTO all wrapped up'' as expected
Not the same its, that was another cash shell looking for an rto of its own
The Board of Iconic is pleased to confirm that it has now entered into non-binding heads of terms with the owners of ITS Holdings 2023 Ltd (the "Target"), the holder of the entire issued share capital of In the Style Fashion Ltd, an online fashion retailer,
Non listed private company.
2 Apr 2024 07:00
RNS Number : 7616I
AIM
02 April 2024
NOTICE
02/04/2024 - 07:00
NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM
Pursuant to AIM Rule 41 the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.
ITSARM PLC
2138007SBFARUPP3OP60
ORDINARY SHARES OF GBP0.0025 EACH, FULLY PAID
(BMXMR83)(GB00BMXMR838)
ITSARM/PAR VTG FPD 0.0025
If you have any queries or require further information, please contact the company's nominated adviser.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
AMOPPUGWWUPCGWR
Started: Stampee1, 28 Mar 2024 08:41
Last post: VisitTimor, 2 Apr 2024 14:10
Now the process up and running, down to Brad, how much or how little he want's to spoon feed the market along the way.
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. 👍
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
Last post: VisitTimor, 28 Mar 2024 08:36
Do you ever say anything with an IQ attached , you are so well named snore.......................🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱🥱🥱.🥱🥱🥱🥱🥱🥱🥱🥱
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 🤡
VisitTimor how big is the bag you're left holding here?
Started: Poormandreaming, 25 Mar 2024 08:51
Last post: Jarem, 25 Mar 2024 15:54
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.
Last post: Gordonbennett1, 25 Mar 2024 13:40
Slim chance this opens anywhere near where it closed in terms or sp/mcap. They will be careful not to saturate the market with shares so lets say they go 10 for 1, that's a year 5-6 mil mcap. I wouldnt say that's a fair assessment of the current in the style business given its now back in profit. Lets say 20 mil for starters.
Brad say''
we believe this proposed acquisition meets our objectives and wider strategy of fostering long-term growth and value for our shareholders."
and as we have never had growth before or any value in 5 years, I'm certainly looking forward to what that statement say'' when we start trading again, whatever the SP start at, hopefully not too long like the last time we had suspension
the way the Market usually works after a RTO of a big enough revenue CO by a smaller main listed CO with no revenue, is that in all probability we will come back a lot higher than the 5.375p we closed at, and i think that's all we need to know, if you was lucky enough to get back in before suspension or topped up'' to average down..
2.5k worth about just over 22p
Yeah open at 10p, then dive to .5
GB, one of those doc's ref's to a removal of 19 shares off ITS share register, seen those sort of things before, deliberate cancellation or addition of shares, so to become evenly divisible , for eg X number of iCON shares to be paid for Y number of ITS shares, that number divisible by say 10p , Brad's often mentioned floor. 🤔
See it as a positive step in moving the deal forward, price/valuation agreement ?🤔
Started: Ornamental, 19 Mar 2024 21:09
Last post: Gordonbennett1, 21 Mar 2024 14:05
I wonder where Brad is. With this! Next step prospectus? Perhaps it’s already with the FCA given terms were agreed? Not too far off 30 days which is the magic number! Most seem to take longer mind you
A brand with inclusivity at the heart of everything'' I think although it's been slow to implement this RTO, BRAD have done well in choosing ITS a ready made CO that is just starting to turn,
I'm sure we will here something soon...
GL
Yep! Jas has really tightened the screw, to turn a 6m loss into 1 mil profit in under 12 months is great going! Will only get better too.
With Adam gone I suspect the rto will move relatively quickly. Jas is the sold shareholder and he will not faff around now terms have been agreed. The FCA May hold us up however …
Started: Elfish_presley, 15 Mar 2024 09:07
Last post: VisitTimor, 15 Mar 2024 09:51
L8tr's 3 of my others now moving , including the long awaited 88e , 50th crazy run to finding a first oil flow 🤗😉
In multiple Mains that are currently way below £30m, ppp only floated a year -18 months ago at 2.5p now much lower and MC only just over £1m, unless rules have changed, do not think a minimum , just need a viable prospectus and choose which market you are targeting lowers, or main standard or premium, not sure perhaps the Premium segment has that figure as a requirement, Burberry and ASOS went to billions and stayed on the AIM for decades, so I guess its up to the companies but would have thought the Main Standard segment listing would be the plan for now. 🤔
If this is still listed on main market as one assumes for now it would stay that way does that definitely mean the company’s minimum priced market cap would legally have to be £30m? Maybe someone who’s market savvy could answer this. If this is indeed the case then it would translate to around a 50p valuation per share being the market cap right now was say £500k or something ridiculous? Thanks
Started: VisitTimor, 13 Mar 2024 16:03
Last post: VisitTimor, 13 Mar 2024 16:13
Been in dozens and all pretty much the same format, suspension, deal done, prospectus and market return.
Some have gained waivers, delayed suspension until day of signature, then suspended until 2 stages completed.
we can guess but the valuation of the new enlarged company will be determined by the two companies, that determination in itself can be a big boost, if a lower nominal value given to the target company, it can leave shares in issue combined , still very low and a lot of scope for an extraordinary rise on return.
eg recent CRTM suspended at 5p, came out at 15p and roared to 35p, before reality set in.
All we can do now is wait and see what info comes our way pre return, in my experience the vast majority of those RTO's concluded have been very lucrative on return to market (overheat in many cases)
as my old mate Ned always said
Ignore everyone , including me, set your own targets and if you achieve those targets, you can not be disappointed ,no matter what happens next..........(goes again / falls)
warreN EDward buffett , sage of Omaha ..........GLALTH.
As posted the other day, the initial suspension can be days/weeks/months/years, that is to get the deal done, so the more advanced the negotiations are to signature, the quicker it will happen.
The final part then is in effect completing the final 2 stages of an IPO, new enlarged company prospectus submitted to FCA, if all up to snuff, that will be cleared in 2-3 weeks, if not ping pong with the FCA until it is.
Once cleared the easy bit is the return to market, which is a statutory 10 working days (2 weeks) process. May see in lights on the LSE before the RNA message giving a return date, usually posted by the real LSE on this page, once in process.
https://www.londonstockexchange.com/live-markets/new-issues
As far as what price, it will be determined by the two companies and in many cases like my GCG may inform via RNA of that format ahead of completion for e.g. only -----------
Although the consideration payable by the Company to the shareholders of 2Mee has not yet been determined and is subject to legal and financial due diligence, it is anticipated that it will be in the region of £6 to £8 million and will be satisfied entirely by the issue of new GCG shares. The parties have agreed that GCG will be valued at the higher of (i) £1,000,000; and (ii) 15% of the market capitalization of the enlarged entity upon completion of the RTO (as defined below).The Company also announces that it intends to carry out a contemporaneous fundraising to raise further working capital for the enlarged group.
Lets hope Brad's previous comments of a 10p floor minimum holds true..........GLALTH.
Started: kammi, 13 Mar 2024 14:45
Last post: kammi, 13 Mar 2024 14:45
If we were trading, they would be such a buying spree. Fantasies
Started: woodyjohn40, 11 Mar 2024 12:04
Last post: maidit308, 13 Mar 2024 11:35
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
“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
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.
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!!!
Hi Doctor
Where are you. Could do with your views.