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Used to make some good returns from this stock in the Covid days. But the writing was on the wall and I got out before it started heading down. I've learnt from this stock, when investing in a company, make sure to go over their financials with a fine tooth comb, and keep an eye on it regularly. If their accounts doesn't look good or looks very shady, make as much profit as you can and get the hell out of the stock fast. Thats how you've got to treat AIM stocks, even if it means taking a loss, just take as small a loss as you can and get the hell out fast. AIM stocks is no joke especially the way the UK economy is at the moment.
Loopup is now listed on JPJenkins website. I had my doubts!
My shares are held by ii investments broker.
How exactly I go about selling - not sure but probably figure it out
Anybody withh ii who who has sold unlisted stock through JPJenkins?
No, they will be listing on JP Jenkins, which is now connected to Winterflood and in turn to something like 40 UK brokers. Trading is on a matched bargain basis so no market makers involved - you just need to be matched off against a willing buyer.
https://www.standard.co.uk/business/city-shake-up-jp-jenkins-square-mile-pension-funds-jeremy-hunt-ftse-100-b1103895.html
Sadly also down 95% ; but just sold to get a couple of grand back rather than nothing
Company currently worth £1m and RNS states they intend to raise £9m when private, so existing shareholders will only hold 10% of new company. This has proven yet another example of BoD and insiders being able to destroy genuine small shareholders when on the cusp of improved outlook. Valuable lessons learnt the hard way again about how corrupt the stock market is
Presumably if you take the share certificate and are unable to sell due to no buyers (no demand or worthless share price) you can record it as a loss.
Am I right in presuming that once loopup de-lists, selling (and probably buying) shares at a realistic price will be v. difficult/impossible. So those of us who opt for a share certificate are 'gambling' on a future re-list.
Suspect a 100-1 outside chance?
I am 95% down no point selling now. If I sell now will only get back £34 minus broker fees.. will just wait and see what happens in the distance future. Not an ideal situation to be in, but what can you do now.
Ah, I take your point. Well, I no longer have to worry about such things as these days all my investments are within tax free wrappers. My shares are worth circa £60, less £6 barclays commission if I sold them.... nah, not worth it, I'll take a chance on the paper certificates.
To record a loss ?
No worries, but I don't get your logic. If the shares are essentially worthless, why sell them?
Don't mean to be confrontational but if you average is 30p and they are trading at 0.5p then your shares are essentially worthless.
Just sell them... this company is trying to sell a dead product
Yes RichWG, if they do manage to turn it around and bring it back for a profitable exit, experience of IPOs has taught us all that the correct strategy would then be to cash out within the first few days after the re-flotation. Long shot, but what else?
Unhooked, also my strategy.
The liklihood of finding a 'matched' buyer to sell my shares at a profit, after de-listing will be low, even if Loopups fortunes change.
I suspect Management will suck out any profits in bonuses etc.
But! - your bit about private equity making money by re-listing, obvious, when I think about it, gives me a glimmer of hope.
So, paper share certificates from my broker in the draw and hope by the time they are worth anything I remember I still have them, assuming I'm still in the land of the living.
One can request a (paper) share certificate via your online broker. That's what I'll be doing with Barclays. I'm not sure if it means it drops out of my tax-free wrapper (ISA) or not, but it makes little difference anyway, as there aren't any profits! Once private, the company may (or may not) provide limited 'over the counter' trading facilities, but the chances are one will be holding and waiting in the hope that the company will re-list at some distant point in the future... when everybody's forgotten it all....
Exiting an investment by bringing a company to the public markets is absolutely the main way private equity make their money, so I think there's a good chance, *if they are able to turn the company around*, that they will bring the company back to AIM, though it probably won't be called Loopup....!
Obviously no guarantees here - very far from it - but given my shares are valueless now, fwiw this is how I intend to play it.
Click on the box titled RNS
click on the last RNS
and all info is there
Does anyone have the key dates for the vote meetings, going private- delistings etc?
Thank you RichWG
I still have quite a lot of shares as well, average is around 30p I think, so I need to decide what to do as well
Thank you Sidney41
As I see it if Loopup do no go private, the high debt they have will be their demise.
Once private the existing shareholders still own the company.
Looking at the encouraging progress, Loopup may prosper and re-list - ever the optimist.
There will be a 'matched bargain facility', by a third party, but unloading (at a profit) our shares will be tricky after Loopup de-list.
I still own a lot of shares, worth a fraction of what they cost me, so I will hang on for a re-list.
You'll still hold those shares but will be unable to trade them, unless by some miracle the company goes public again at some point in the future. (which is very unlikely) I have a small holding worth nothing now but no point in selling. Did vote against the delisting not that will change anything though.
If I still hold shares and what will be the result after the company has delisted? Thanks
1 million buy
Buying now
You can sell at above 0.6p
Looks like moving
Only own about 5% between them ..maybe why one of them frantically purchased 4mln last week
The other holders are below, òn the circular it still doesn't say anyone is supporting this motion APART from the directors
ShareholderPercentage HeldAndrew Scott (and related parties)*25.2%Credit Suisse7.9%Hargreaves Lansdown Asset Management7.1%Canaccord Genuity Wealth Management6.9%Interactive Investor5.6%Schroder Investment Management4.1%Jarvis Investment Management3.9%Adara Ventures SICAR3.4%Herald Investment Management
Can sell 800,000 at 0.59p but can buy 100,000 at 0.6p