The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Next iis is making offer.
Fraser also behind
Only £2millon
Article on this is money.
Little hope.
Knowbodyyouknow
Exactly what I meant you just wrote it alot better
It means the removal from the index is effective form the start of trading on Nov 04.
Index
?Effective FromStart of Trading?
FTSE Fledgling Index
04 November 2022
FTSE All-Small Index
04 November 2022
I think the effective from start of trading simply means 8am 4th November
Start meaning 8am not actually that these will start to trade on the 4th
I also understood that from Thursday 4th Made would start trading again on the FTSE Fledgling. Again, might be wrong as the RNS at 17.30pm yesterday wasn’t that clear.
What does this possibly mean? In the news articles published some talk about Made having 10 days before administration to sell the company or raise financing. Obviously, now we know no one interested before at elevated asking prices, might a buyer or larger shareholder step in to rescue Made in the next 7 days before administration?
The City AM editor was saying on the radio last night that, he thought MADE would trade again, once it gets it finances in order. Didn't mention a sale, but that must be the implication - likely bought out of Admin.
It makes sense that those originally attempting to make a deal would simply wait a little longer until the company's finances collapsed.
Thanks HH.
Sorry Toffee and all if I misinterpreted. See the delisted but I thought it was transferring across from main mkt to a lower grade market from advanced date and was surprised.
Premium Main Market Toffee1878. GLA, Dan
Does the RNS not mean they are delisting from the 4th? Rookie question I know. What index were they on prior to suspension. I know not AIM. Thanks
Thought the remainers would be excited and relieved about new fledgling listing and trading for the 4th. No idea why this has been done unless it’s a positive sign.
I am sure part two of this prediction is being put into place as I type
Yeah, sorry that didn't read right, I was saying this happens all the time on AIM hence we know what the outcome will be, but recognise this is not an AIM share. Was trying to give context to the answer.
First of all, I am really sorry to hear the news about the company. It is really heartbreaking. Something is not right internally and a proper investigation from FCA is required. It is hard to believe that all has gone. There is a very big question mark on the decisions which were made this year alone.
Let me keep aside what happened during IPO and who got benefit out of this launch. They clearly knew the market is not suitable for big-ticket items, inflation, delivery cost etc, all have a negative impact on this sector and the company clearly had no funds to continue its operations then why they have taken steps to buy Trouva? What a joke of a decision.
A company that has revenue of approximately £178 million to the 30th of June 2022 will go into administration or buy Trouva.com for £10-12 million pounds just a couple of months before issuing a profit warning. These are two different destinations. One is the expansion and the second is closing down entirely. Streethub (Trouva) is worth £12 million and the parent company is worth £2 million. Another joke of the century. Thirdly they have no suitable offers for the company during FSP and then suddenly they will have options within 10 days after suspension. I hope they do. Talks were terminated because of time restraints what a lame excuse.
Story is not coming to an end which is why I am sticking to the news. I am just one out of 2.5% shares who held by PI's rest are held by big boys. The biggest shareholder spent approx £68M with over 16% of share capital and the list goes on. I have heard everything but not the end of this story. Come on board let's try again in these 10 days.
Very sorry to all holders. I am a fan of MADE and it is a pity it has come to this.
All the best.
@Kilm: Made was not an Aim share.
Hi King, there is zero possibility of receiving any money back, dust yourself down and move on. If it is your first hit, it will make you a better investor, believe me. All we need now is for Revb to come back and the party can begin again!
No, there is categorically zero chance of getting any money back as a PI. This happens all the time on AIM.
Hence why never invest more than you can afford to lose.
Sorry mate.
The BBC article which is 30 mins old, states that Made will have 10 days to salvage any late deal before administration takes over. Clutching at straws I know, I’m a bit like Lloyd in dumb and dumber “so you’re saying there’s a chance?”
https://www.dailymail.co.uk/news/article-11376545/Made-com-set-700-jobs-risk.html
Truth this is how Minoan will end !
That £5k down the drain then!
Good God Yuri.
Not like you to give out a positive post.
Ohhh sorry you didn't.
Even though you are correct, I don't think you have ever posted on MADE but today you decided to. Well done bottomfeeder, you are a hateful man.
You don't feel empathy for the peple that may of been caught out here, you are straight in with your vile commenting.
On a quick google - balance sheet from report (June-2022) shows equity of 34.8 £m and asset value on books 156.3 £m
Market capitalization at suspension price: 2.06 £m
Administration costs might easily run up into 5 £m
Last period operating loss - 35 £m
(naively/optimistically we can assume the same throughout fire-sale time)
There will be material revaluation of assets down (especially considering distressed sale situation under these tough market conditions), less liquid or specialized assets - higher discount.
I would write down off the equity (35m) another 20 £m as operating loss, 25% off assets (although prone more towards -35% despite high cash fraction - inventories as part of current assets normally ending up cheap at bulk, bye-bye goodwill, not sure what they have under "other assets" category but property/plant/equipment section gets the hit too) leaving it with -40 £m discount, with admin fees it is ending at -65 £m from 35 £m equity - leaving with -30 £m hole hit to creditors. Generally it rather looks like there's nothing left for shareholders to salvage.