Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
472k buy offbook at 2.31 PM at 7.45
B2 I was about to say it's 5% then "Euronext growth " waved at me Tks.
1
Bluelight posted @ 08:38 this morning:
I just find it odd Blackrock is the only one to issue a TR!, and the wording of it has been Blackrock have informed us, as opposed to normally just a straight TR1. To me looks like Blackrock are proactively asking it to be notified, wheeas I imagine others have over 3% also (could be wrong, but I'd be surprised if they didn't) but are choosing not to. All a bit of a grey area, easy to cover your holdings by the look of it using the dual listing to hide it.
++++
2
Proverloop posted @ 09:18
Bluelight: the requirementent in France is 5%
https://www.amf-france.org/en/professionals/professional-investor/my-relations-amf/major-holding
++++
3
Half year 2020 results
Thu, 17th Sep 2020 07:00
RNS Number : 2380Z
Novacyt S.A.
17 September 2020
Novacyt S.A.
("Novacyt", the "Company" or the "Group")
Half year 2020 results
Transformational performance set to continue
Paris, France and Camberley, UK - 17 September 2020 - Novacyt (ALTERNEXT: ALNOV; AIM: NCYT), an international specialist in clinical diagnostics, announces its unaudited results..blah blah
Note : Novacyt (ALTERNEXT: ALNOV; AIM: NCYT)
++++
4
AGM Voting
Fri, 18th Sep 2020 07:00
RNS Number : 3572Z
Novacyt S.A.
18 September 2020
Novacyt S.A.
("Novacyt", the "Company" or the "Group")
AGM voting
Paris, France and Camberley, UK - 18 September 2020 - Novacyt (EURONEXT GROWTH: ALNOV; AIM: NCYT), an international specialist in clinical diagnostics... blah blah
Note : Novacyt (EURONEXT GROWTH: ALNOV; AIM: NCYT)
++++
From content of link in 2:
"Whenever a shareholder, acting alone or in concert, reaches, exceeds or falls below the legal thresholds of (i) 5%, 10%, 15%, 20%, 25%, 30%, 1/3, 50%, 2/3, 90% or 95% of the equity or voting rights of an issuer whose shares are admitted to trading on Euronext Paris, or (ii) 50% or 95% of the equity or voting rights of an issuer whose shares are admitted to trading on Euronext Growth, it must report this to the company and to the AMF"
++++
THEREFORE (ii) APPLIES TO NOVACYT:
For those waiting for share ownership notifications (TR1 equivalent) via French regs -
"50% or 95% of the equity or voting rights of an issuer whose shares are admitted to trading on Euronext Growth"
@Soder
I know, exactly, what kind of a person would tweet such rampy posts...
*Incoming Takeover*
IF the speculation is true then #Novacyt are
duty bound to report it to the market.
SH will know for sure one way or the other
Let see what happens
NOTE: That IF a T/O is going on in the background, the company IS DUTY BOUND TO REPORT IT, if not then there is no concern.
GLA
Hart - Thanks for the explanation - appreciated.
Ad, any formal offer would have to be put to shareholders for a vote and the board would either recommend a vote for or against (against making it a hostile t/o). An informal offer could be put to GM in the first instance - if he rejected it then chances are it wouldn’t get much further because the odds are against a hostile takeover succeeding with the board against it and so few shares in institutional hands. Typically a potential buyer would, in advance of making hostile bid, get a chunk of votes secured though discussions with ii’s. That wouldn’t get them very far with NCYT as ii’s are only in single digit %. A formal, approved offer would of course be a different story.
RB - I'm not that experienced in the why & wherefores of T/O's but I thought with reference to a "Bolt ON" GM seemed to what be continue to be in control of building the business - but the way the market works could a T/O be taken out of his hands or could it be too lucrative for him to refuse?
Sorry for the delay in my response but just back from having my Jab - Happy Days!
Building a shareholding external to reporting rules is very illegal. Different groups can subscribe their shares / votes as A CONCERT PARTY in the Stock Exchange rules - but this needs to be declared within 2 days i think ??? Cant remember - took the exams too long ago.
Thanks Blue
Bluelight: the requirementent in France is 5%
https://www.amf-france.org/en/professionals/professional-investor/my-relations-amf/major-holding
Add4you
Agree the RNS wording referred to NCYT’s potential M&As, but it’s impossible to predict an incoming TO. Not sure of your point?
RB - Yes lots of chat about a T/O but in one of the last RNS's re the question of M&A - GM commented on a "Bolt On" ???????????? That obviously isn't a reference to one of the BIG BOYS? What's your thoughts?
GM - Often makes reference on "Adding Value for the Shareholders" and not having the SP rising on HYPHE.
I just find it odd Blackrock is the only one to issue a TR!, and the wording of it has been Blackrock have informed us, as opposed to normally just a straight TR1. To me looks like Blackrock are proactively asking it to be notified, wheeas I imagine others have over 3% also (could be wrong, but I'd be surprised if they didn't) but are choosing not to. All a bit of a grey area, easy to cover your holdings by the look of it using the dual listing to hide it.
60k of volume adding AIM and Euronext together you get +2% rise. No way to buy big chunks on the cheap now.
Wilson I agree with you but at the same time we should probably take note of who's writing something like that and ignore them from now on - it's totally disingenuous and fabricated.
Soder I don't see why if you read it like a newspaper there's a headline then it starts with the word IF. Imho says they would have to report it, if they don't there isn't one.
Agreed Soder, that’s a dangerous game to play. Speculation is one thing, but saying TO is inbound quite another....
Bluelight,
I would have thought that being dual listed, Novacyt has to comply with the rules of both exchanges :)
Seem to recall we had the same speculation last year.
Could be true, may not be, who knows.
I'm going to be that person that offers nothing of insight but...
UP SHE GOES!!!
A certain poster on here has this on Twitter...
*Incoming Takeover*
IF the speculation is true then #Novacyt are
duty bound to report it to the market.
SH will know for sure one way or the other
Let see what happens
That’s not ramping. That clear and blatant market abuse.
Couldn't they simply buy the shares on the bourse, where there is no requirement for TR1 notifications?
Does anyone have any links to articles discussing how companies can build a large position in another company, in ways that avoid advising the target company that share ownership has passed certain milestones, resulting in a TR1 being issued.
Thanks in advance.
Agreed Soder, but I’m not proffering anything as fact, just an opinion that it’s a distinct possibility now and I don’t think we should hide from that. Comfortable either way, I think we’re in a strong position.
Would welcome other investors thoughts though....