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What a shower of s**ts, they're trying to do it again, whatever they can do to feather their own nests.
Gary Ashworth, Clare Ashworth, Chris Eldridge and David Bygrave. These are the kinds of people you want to avoid in life. They are a disgrace. Pulling the rug from beneath shareholders, acting like this offer was a charitable one in an attempt to take the business private. The set up of Chisbridge by these parasites and the events that have followed it illustrate the dirty tactics some will employ to make a fortune. It's been good to see the Independent Director David Higgins against this resolution from the start, echoing Panmure Gordon's statement that this was not in shareholder interests. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ITQ&ArticleCode=ksi8yeqo&ArticleHeadline=Response_to_unsolicited_Offer_by_Chisbridge_Ltd http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ITQ&ArticleCode=licq1q86&ArticleHeadline=Response_to_Defence_Document What happened to the 20% who wrote to announce their rejection of the offer? River and Mercantile Asset Management LLP - 2,800,000 Livingbridge VC LLP - 2,250,789 Mole Valley Asset Management Limited - 710,400 Elderstreet Investments Limited - 410,000 Hazell Carr Edwards FURB 400,000 Castlefield Investment Partners LLP - 291,475 Tim Fleetwood - 279,387 Blankstone Sington Limited - 222,207 Charlotte Fleetwood - 109,541 Daniel Goldblum - 29,800 Tsippi Goldblum - 45,200
Now that's a big shock, they've actually appointed a new adviser, thought they were going to the dirty on us all. Still going on about taking the company private, its quite simple, increase your miserly offer and then more people may sell !!
There is a blog post on interquest and government policy here: hTTps://www.sharesoc.org/blog/regulations-and-law/sophos-interquest-government-policy/ It looks at the struggles of AIM company investors and ShareSoc look to respond having met with the head of AIM on Tuesday, we'll shortly be submitting a response to their discussion paper: hTTp://www.londonstockexchange.com/companies-and-advisors/aim/advisers/aim-notices/aim-discussion-paper-july-2017.pdf. Our response seeks to address many of the issues raised.
I agree. Thing is, Chisbridge will now be snapping up as much as they can at an even lower price. Talk about manipulating the situation for your own gains!! Should be illegal.
How is the share price even as high as it is? I would expect it to be barely above 0, no?
Read yesterday's RNS, Andy. The shares will be suspended at 7:30am next Monday 11th, and de-listed one month later. So there will be no trading after the market closes tomorrow, Friday. That will be the last chance to sell shares on the market. But most importantly, do your own research.
Hi I'm new to this issue can you please explain as I am an existing small s-h should I sell tomorrow as after the weekend I won't be able to? Please assist
This is absolutely disgusting. I just cannot find words to describe this course of action by the directors. Thankfully I got out about a week ago because I could see de-listing coming, but not in this way. I thought they would do it properly by buying up 75% over time. But no, dismiss the NOMAD, then let nature take its course. I would never have thought of that. There must be some rules & regulation against this sort of behaviour, and I hope they get their just deserves. Good luck to all who are still in here. I feel for you.
Lets give a really bad update, so we can justify our really poor offer. Cant understand why they would want to buy the company now, when its doing so badly, best thing they can do now, is actually do some bloody work, that's what they're paid to do !
It's a worry. If they reach 75% they plan to de-list from AIM. Then we won't be able to trade any more, or if we do it will not be at a favourable price. And if they don't, will any of us have any faith in the directors who will still be in place? The very directors who tried to get our shares at a vey low price? We seem to be between a rock and a hard place!
Going north fast
Surprised at the inactivity on this board given all that's happening at the moment.
Message to Chisbridge: If you haven't got the number of shares you need by now, then extending the deadline is not going to help you. Have you not got the message yet? Shareholders are NOT prepared to sell their shares to you at this offer price. If you want to obtain more shares, then the only way to achieve that is to increase the offer price to something more realistic, you miserable Scrooges. I will sell at approx. double what you are currently offering, and nothing less. We all know that the shares are worth at least that much, just look at the Brokers' forecasts and projected P/E ratios. And perhaps you ought to think about this: If you do not achieve the buy-out, what sort of relationship do you think you will have with this company thereafter? Do you really expect to be able to continue as executive directors after all this nonsense?
There are certainly shares changing hands - check the RNS's re. IPC Concept who now hold over 6% and appear to be buying up shares at above the price the management are prepared to pay. As someone has commented on another board, if they think the shares are really only worth 42p, why don't the managers sell to the buyer willing to pay more than this in the market?
Yeah it looks like you're right. I'm just wondering why all the charts aren't showing anything?
When I click on the Share Trades button above, I see trades going through almost every day.
Does anyone understand why it appears exactly no trades have been made since 16th June? I get that a lot of people are hanging on and not selling because of the appalling offer but surely some trades must have been made in that time?
No-one should be taken in by this dreadful negative spin. This is a disgusting blatant attempt to persuade shareholders to sell for a substantially undervalued price. See my earlier post below. Also see the brokers' forecasts. In my opinion, this business is worth at least double what is being offered.
Surely they're not trying to introduce negative news on todays trading update to justify there pitiful offer, and trying to scare us in to selling by saying that potentially we at times we may not be receiving a dividend. What ever we do lets reject their terrible offer.
Look at the brokers' forecast for 2018 (per digital look.com): Pre-Tax Profit £4.7M (highest on record) EPS 9.63p PE Ratio 4.6 EPS Growth from 2017 28% Yield 3.5% That's based on SP of 44.3p. I reckon they should be offering a PE of at least 10 x 2018 Forecast EPS, which would be 96.3p. Even 10 x 2017 EPS forecast would be 10 x 7.53p which would be 75.3p, which would be 80% higher than the current offer. Stitch-up.
In my view (for what it's worth) they should be offering AT LEAST double the current offer.
Hardly anyone is accepting. It is looking likely that they will either have to abandon their attempt or increase the offer significantly. Do not sell at this price.
I see that they've got rid of one of the non-execs, who was advising against the buy-out, after 10 years service.
They already owned over 35% of the shares. They've actually convinced very few people to sell up. Listen to the advice of the non-exec directors and do nothing! They'll be forced to come back with a higher offer if they want to take this company private.