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Started: dasbig, 29 Apr 2024 08:26
Last post: dillbert, 29 Apr 2024 09:03
As I understand it they have to be moved into an ordinary investor share account. HL deal with JP Jenkins so you will be able to instruct HL to sell the shares for you. Mine are in a Barclays ISA and I've got to move them to another broker since Barclays don't deal with JP Jenkins.
I have a measly 9000 shares in a HL Sipp. Is there something i should be doing with these now? Any help appreciated.
Started: itisagame, 26 Apr 2024 15:37
Last post: itisagame, 26 Apr 2024 15:37
And good luck as a private company.
Started: Latino, 16 Apr 2024 11:14
Last post: commercia, 25 Apr 2024 15:23
Carp
Probably Orders being filled.
£1.4 Mk cp now. TBH its a great gamble on a 10-20 bagger from here if MEN does what it says it can do. Will save a lot of money by coming off AIM with fees and regulation which should go to the bottom line. Much will depend on PL and how he wishes to restructure. He can make a bid to buy the shares much cheaper after the de-list. Most people are in this at a £1+. Very hard to buy even £1K worth atm.
MMs holding back..
Blue
Last post: itisagame, 12 Apr 2024 15:25
The GM is Monday, last day is 26th.
Up to 25p, dipped back to 17.8, looks to have respected the all time POC on the charts, which was 23p.
The MK Cap at £2.5M is still tiny.
This is really moving today and similar situation in the rise today is happening at TYM ....is this delisting on Monday?
I believe a similar situation is unfolding at SND and I think 15p is realistic versus 3p current price
Many thanks , your analysis gave me confidence to hold for another week
Started: bisumor, 10 Apr 2024 12:15
Last post: bisumor, 10 Apr 2024 12:15
Why are there so many purchases of just double digit numbers?
Started: EarlofAim, 2 Apr 2024 16:13
Last post: EarlofAim, 2 Apr 2024 16:13
What's going on with AIM listed companies,
they rns delisting then sp crashes,
Ceo buys on the cheap
what's wrong with these people.
horrendous this game is being played
Started: JimSlade, 29 Mar 2024 18:41
Last post: JimSlade, 1 Apr 2024 12:03
Would add to this after 5 years we are likely to be getting a dividend from Atome which will start production in 2026. It’s a self sustaining business as it stands.
He should have tabled an offer of c£3-4m along with the delist. Only a few weeks ago he publicly stated it was worth far in excess of £4m. I honestly think it is worth more than this but he has the lost the ability to connect with the markets and is behaving irrationally. Why gone on Malcy for an interview to drum up interest when he could have gone on Proactive, IG and so on which would have been far more professional received. We expect Atome offtake in a matter of weeks followed by debt finance and FID which should increase its value and MEN. This increase would likely increase interest from value investors in MEN. There is no immediate need or reason to delist now, we have cash at bank, interco is being repaid, we receive £2m in Sept this year and we will keep receiving income for 5 years from Argentina sale. He could have delayed GHC IPO for a year while he it’s tech matured and/or looked at the NASDAQ. He has chosen to delist now as he is embarrassed the GHC IPO did not go as planned and he will appear a failure. It just doesn’t make sense what he is doing.
For the uninformed or uninvested I doubt anyone will come in to save the day. PL would pull the plug on the company and take the assets if he ceases to be the largest shareholder or director and will stop funding the company and I'm sure has more get outs than the great escape for stopping money flows from Argentina. It’s in black and white in the circular and from the Argentine sale DYOR
IMHO why poke the bear. He’s still willing to support he says if it goes private and that’s the best chance we have. No mention that GHC won’t develop or it won’t IPO in future. I think the biochar has legs if they get it right. Again he’s always put his own money in and could have done Atome and GHC on his own even if it’s not what I ever wanted it’s a pragmatic choice and may, may just pay off. One thing for sure, this market for small companies stinks GL
With the value now peanuts, what chance is there that another company makes an opportunist bid. As things stand they’d get a lot for their money even at a 100% premium to Thursdays closing price.
Worth remembering PL has a charge over all the Atome shares for the $12m his company IYA lent so for MEN to get anything back the value of Atome must triple what it is now which is possible but something to remember.
On GHC quite clear this market is terrible. Not only that it’s logical one of the factors would be potential investors looking at the market cap of MEN and finding it difficult to match with the IPO value. I’m sure another reason why PL has had enough.
Taking emotions away look at the reasons in the RNS for leaving re the market and better off private.
He’s right. Shares are worth buttons so I’m sticking with it including for two reasons no one has mentioned. If he really wanted to shaft us he could have done Atome privately. Same for GHC. They are unrelated to MEN core business. I too get the emotion but maybe some things get lost in translation
Started: itisagame, 30 Mar 2024 12:26
Last post: itisagame, 30 Mar 2024 12:26
Plenty of time for trade on a 2 or 3x plus gamble , with one II out, the other nearly all out, and the majority of the small number of shares in issue left held by parties not selling them and likely to add to their holdings.
“Last day of dealings in Ordinary Shares on AIM 26 April”
Started: NorthernMagic, 29 Mar 2024 20:27
Last post: JimSlade, 29 Mar 2024 20:40
Make no mistake there is plenty of value in Molecular it’s just PL is doing everything wrong in the short term and stopping the Company from flourishing. He’s completely arrogant. To be fair he’s thinking 10 years down the line which is longer than most investment horizon.
Invest in Molecular it would not be for the Paraguay drilling - and even that hit problems even though PL implied it was worth another go there. The implication being that investors could invest in Molecular for all the other things Molecular were doing - and some investors probably did do even recently when this is what they were being told. PL always seemed to talk prospects up and for him to suddenly make this decision which will lose lots of PIs an awful lot of money I think shows no regard for shareholders and as far as I can see there will be no compensation for those shareholders who trusted PL and who has badly let those shareholders down. One thing that struck me too, where will all that money go that was going to come from Argentina and why couldn't that he used for financing and what about Molecular's investment in ATOM surely that is also worth a sizeable amount.
So, to me there are lots of unanswered questions but sadly shareholders have been badly let down.
Can you see other people financing PL in the future after this.
Very sad state of affairs.
Atb,
Northern
Started: 2reincarnated, 28 Mar 2024 16:45
Last post: Taverham, 28 Mar 2024 19:29
You will still own the shares , I have some in a delisted company but I get no communication from the bod. I think Levine will be better than that however and you will get accounts/meeting notifications.
When they leave?
Started: Fireblade23, 28 Mar 2024 12:36
Last post: davey50, 28 Mar 2024 15:19
45000 buy at 7.8p while others sell at 6.5p mm's are loving this
Big sell there at 4p looks like Miton
Could stop losses have come into play...rather than someone intentionally selling....
Those 3p sellers this morning that was crazy considering it was 23p bid the day before, somebody sold 70 odd k at 3.2p which was a firesale, if you are going to lose then lose less and wait for some recovery in the share price
Yet people are buying big chunks £3-5k which I consider to be decent. 75k buy just now on Aqse at 6.4p I did think the 3.2p sellers were suicidal considering it opened at 15p bid
Started: Stiffybristol, 28 Mar 2024 14:37
Last post: Stiffybristol, 28 Mar 2024 14:37
I could see lots of AIM companies doing this with what has happened in the last year or so. Most companies on AIM are very undervalued, it often means shareholders lose money but the ****** and advisors to AIM make lots. £500,000 a year to be on AIM
Last post: Oldfinger, 28 Mar 2024 11:49
Is turning...GL All OF
Started: Laura2022, 28 Mar 2024 10:44
Last post: Laura2022, 28 Mar 2024 11:47
Indie
I made 200% + on Cpx in similar
MEN could well do
You might be onto something …
Dave
You're a bore and hypocrit ..after your latest pump on TRAC 2 wesk ago
This will do a CPX style rise
Itsqgame etc - £500k cap!!
Pity one cannot buy at 5p!
"game on"...if you are in at 4-5p game on if you are in at 25p+ it really makes little difference unless the shares spike back to 10p
Started: SimonThePieman, 28 Mar 2024 09:30
Last post: Taverham, 28 Mar 2024 11:21
I get the sense , but have no evidence that things will be getting soon wrt Argentina - therefore lots of upside as that bad news is priced in. Meanwhile ceo has lost more than us, I am only down 30k ffs!
I hope the authorities have there eye on this one ... The assets are in the millions. I think the AIM should look at it. The market needs to know more about what's going on here. Sad day for pis and AIM.
Started: Laura2022, 28 Mar 2024 10:49
Last post: Laura2022, 28 Mar 2024 10:49
In similar situation
£500k market cap and ££mlns in net assets here
Started: jimbobcat, 28 Mar 2024 09:16
Last post: SWLC, 28 Mar 2024 10:29
What a week for the AIM, CX4D and MEN are delisting, RBG probably will be in admin. The huge spread here is putting people off buying, so the company will make sure it is going to be delisted from AIM, what a corrupted management! People holding shares here should come together to vote against, don't see much point selling now.
Vote against, he steps down and there goes your stake in Atom
We will get more for our money if we stay public. Atome will reach offtake agreement and FID in not too distant future. This reminds me of the Argentine asset sale rushed through before elections which low and behold would have let to a significant increase in value.
I have a few shares here not loads but this is either complete mismanagement or corruption. Every major decision over the last year has been so clumsy to be suspicious. How about we all vote against it?
Is this a given? What if they don’t get required numbers of votes for delisting?
Started: SmartMoney1, 28 Mar 2024 09:25
Last post: SmartMoney1, 28 Mar 2024 09:25
Paraphrased extracts from today’s announcement:
1. “The company’s interests are best served by turning to the private arena where MEN can regenerate away from the microscope and constraints of the public markets yet avail itself of funding and exit opportunities.”
I ABSOLUTELY AGREE.
2. “My consideration in this direction reflects my conviction in the value of MEN as a whole and of the new businesses that we continue to generate within the company, which the London market clearly does not recognise.”
I ABSOLUTELY AGREE. And I believe a primary listing in the US, in the future, is not out of the question.
https://www.telegraph.co.uk/business/2024/02/08/london-stock-markets-decline-starting-look-terminal/
3. “I am confident that MEN, and its various businesses, will thrive once again as a private enterprise with my continued support and invite any holders so minded to continue the journey alongside. In return, shareholders can be assured that all who remain invested in whatever size will be dealt with fairly and will benefit from the openness in relation to shareholder communications through our website, social media and other channels, that we have always sought to apply."
I ABSOLUTELY TRUST THIS WILL BE THE CASE.
4. “Due to the continued challenging public market conditions, the BOD have decided that it is not in the best interests of the company, or its shareholders, to pursue an IPO of Green House on AIM at this time. The BOD will consider options for this independently run business in due course.”
I ABSOLUTELY AGREE. And I believe a primary listing in the US is currently being planned as the next steps.
5. “The company notes that Peter Levine has notified the company, without commitment, that, subject to the passing of the resolutions and confirmation that the Takeover Code no longer applies to the company, he may make proposals to acquire shares of any shareholders then wishing to dispose of their holdings on terms and conditions to be mutually agreed on a ‘matched bargain’ basis from time to time.”
I ABSOLUTELY BELIEVE HE WILL EVENTUALLY DO THIS. He is incredibly wealthy. So don’t sell your shares on the cheap between now and the 26th April 2024. JP Jenkins is an excellent trading platform for private companies. I currently hold and trade, without issue, AMT Global Investments LTD (AMT) and Tende Energy (formerly Sirius Petroleum). I expect MEN’s trading price to re-rate markedly on InfiniX.
https://jpjenkins.com/
AIMHO.
.
Started: ba24ee, 28 Mar 2024 08:28
Last post: davey50, 28 Mar 2024 09:12
Do not trust anybody now.
Online spread here 4.4-6.4p...shocking
Davey but off in MBO surely?
Pointless selling now and the mm's know it because they will not let anybody buy at 4p...why sell at 3p when the ATOM stake is currently worth 40p share cancelation or not....I'm not going to let the mm's rip me off, price will rally
3 pence to sell according to HL .I will keep and see what happen when it delisted.We still hold the shares
Started: Compoundinterest, 28 Mar 2024 07:20
Last post: Trolleyman, 28 Mar 2024 09:02
Shocking news for the pi's. Sad day for AIM !
Davey50 the atom shares will/could go to pay back the outstanding 12m loan to guess who ?
The same will happen at atom, controlling interest and loans with high interest rates.
Not here brag, parky, but tell tale signs been showing 4 long time on sinking share price, discount placing was major sign, ect, good riddance of PL been total failure investment argentina, sad day 4 investors.
Way past the point of selling for me. 15p yes but 9p no, if you really need the money I get selling but ATOM shares are currently worth 40p delisting or no delisting so I'll just hold them off market unless the price recovers
Sorry to hear that. All too common on AIM. GLA in your future activities.
Started: SmartMoney1, 24 Mar 2024 11:31
Last post: davey50, 26 Mar 2024 20:30
30 years+ for me as well. I remember the days of checking my shares on Ceefax :-))
But the problem is atm the "value" investor has almost become extinct, all of them have turned into traders too and do not want to hold anything more than a few days.
One of my other stocks £40 mil market cap, £14 mil net cash set to increase, profits for the year £8-12 million and it's just sell after sell, maybe it's the end of tax year selling, bank a big loss and when the new tax year starts there will be a lot of buybacks in value I certainly hope so because this is the most depressing I have seen things for a long time.
Davey50, if the stock market was the perfect arbiter of value, then anomalies such as MEN just wouldn’t occur.
The reality is, the stock market is often wrong, and sometimes very wrong. The reasons can be many. But human psychology and poorly informed participants are often the causes.
This is not always a bad thing as it creates substantial opportunities for the discerning investor.
Davey, I’ve been in this game for over 25yrs. And during that time, I’ve lost some and I’ve won some. But the most important learning throughout this timeline, that has greatly contributed to my wins, has been the simple axiom coined by Sir John Templeton, the internationally renowned, American-born British investor:
“If you want to have a better performance than the crowd, you must do things differently from the crowd.”
Or put another way, YOU CAN’T BUY WHAT IS POPULAR AND DO WELL.
And it’s in environments like these—where stocks are undervalued, unappreciated, and underrepresented—that wins are achieved. Of course, capitalising on such opportunities demands patience and a resolute focus on fundamentals, undistracted by market noise.
Terry Smith, the incredibly successful CIO of Fundsmith once opined that, “A continuous focus on share price movements to the exclusion of the underlying fundamental economics of the companies is neither healthy nor useful. In the long term one will follow the other, and it is not the fundamentals which will follow the share price.”
AIMHO
.
Desperate markets mean people sell stuff at any price I totally get it. Been around bear markets before and stuff should be sold but struggling to see why people should be selling this on what they have. Sell overvalued or seasonal dogs that exist for director salaries and do placings none stop but not superb value. It's like selling £20 notes for a fiver atm.
True but at least the value of it is rising. Atom now 59-62p making Men's stake around the 40p level while they sit at 25-26p with a lot of other investments. It deserves to be a lot higher than 25p bid, do not think anybody has noticed it tbh
Money from arg received over 5 years, atom just paper profit until cashed in
It had to recover some ground it's trading well below NAV and potential and still is. Full offer 27p to buy now online
Good call Dave she’s off
Started: Merlin0, 19 Mar 2024 14:05
Last post: Merlin0, 19 Mar 2024 14:05
Low float and volume increased
Started: Merlin0, 19 Mar 2024 13:48
Last post: Merlin0, 19 Mar 2024 13:48
Nice little tick up