The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
this could do 1000% leading up to the 27th June
This proposal to de-list is ILLEGAL as per the promises made in the January "whitewash" circular • By AIM rules you only need 5% to get court order to block the resolution as per "Minority shareholders' rights vary depending on the percentage of shares/voting rights they hold in the company, as follows: At least 5%: right to: apply to court to prevent the conversion of a public company into a private company; call a general meeting"
They have to have a vote to delist and 75% of share holders have to agree which they wont
that + 1mil are quite some buys... being held for an order perhaps? Riddler said this happened yesterday...
If I understand this correctly, you are all saying that if the collective (including bod) buy about 20% more of the company, then it will delist. Regardless of any court orders?
hefty 4 million buy just gone through
buys not showing up yet....just had a topup
Courtesy of Riddler
MAIS • Market cap £1mln • Need 75% of votes to de list at AGM
• Since the RNS they have lost £3.8mln cap to save about £100k AIM listing costs and have £2mln cash = doesnt make sense •
In Jan 2019 they posted a circular when the concert party "Charles Street ( who have former BLUR/MAIS CEO called Robert Keith as major holder)
• David Rowe is the Chairman of MAIS and should NOT be allowing this to happen - contact 0800 048 8664
• 4 INTENTIONS OF THE CONCERT PARTY REGARDING THE COMPANY'S BUSINESS Each member of the Concert Party called Charles Street has confirmed to the Company that they are not proposing to change " maintenance and continued admission of the Company’s ordinary shares to trading AIM" [ ] Charles Street 44%( 170mln shares) These are a "concert party" as of Jan 2019 [ ] BOD 19.6% ( 60mln) = 134mln shares / 44% [ ] Intertrader 17,715,411 = 5% [ ] Brewer Dolphin 15,705,552= 5% [ ] Spreadex 13,428,154 = 4% ( sold to zero 21st May ) [ ] Phillip Lets 12,929840 = 4% and may havesold on Friday 17th May judging by the 9,929,840 share sale but as yet no TR1 as of 29th May [ ] Private shareholder action group have 14.1mln = 5% ( see LSE #MAIS BB)
• This proposal to de-list is ILLEGAL as per the promises made in the January "whitewash" circular • By AIM rules you only need 5% to get court order to block the resolution as per "Minority shareholders' rights vary depending on the percentage of shares/voting rights they hold in the company, as follows: At least 5%: right to: apply to court to prevent the conversion of a public company into a private company; call a general meeting" • GM 13June 2019 • Last day if dealing 27 June
Does this company have debts, or in a net current positive position?
Wouldn’t that breach the >30% takeover rules by the concert party ?
Can the directors actually actively “procure” votes? Wouldn’t “Procure” suggest to buy or to secure against a promise? “The Company has received irrevocable undertakings from each of the directors and Charles Street International Holdings Limited to vote or procure votes in favour of the Resolutions, in respect of all Ordinary Shares held by each of them (or in which they are interested) on the date of the General Meeting which currently amounts to 229,276,206 in aggregate, representing approximately 55 per cent. of the issued share capital of the Company.”
buys are defo getting bigger
theyll let it go when people heads are turned away from the screen, like lunchtime... but this is looking more and more solid
back up again.....it will swing like this for most of the day
coming when people pick up on riddlers discovery! they cant delist... read the small
print
mm’s playing it. keeping it within this range
should break pst 0.45p now
doc holiday gave yoj a compliment for spotting this one riddler. well
done
sells get mopped up
full ask being paid
defo starting to motor.....reminds me a bit of the squeeze in NEW where it went apesh*t for a few days
that is max available though in one go.