Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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OIlriches, if you sell down then you'll reduce the amount what you hold now to buy. I understand that priority to participate in placing will be the shareholders first. I foresee it will be different from the last placing and will be over subcribed by shareholders and may not be opened to open market (similar to when they did AR's previous RTO companies (OPTI and NIPT)
You'd think any placing would be at a lower price than today but I'm not so sure. Nick Lees PRS has ploughed 256k in at 0.07 and he's on the bod. It would have been daft to do that if a placing was goin to be lower? I dont see it being alot lower than 0.07. Plus ARs will be taking a fair old stake at the placing price. Bit of a no brainer at current price imo.
FRI stand didn't have much goin on either. I think they will both be busy next year!!! I believe TW took some of the placing at FRI too. I think an RTO in NEW will be sooner rather than later. Ive heard Lots of chatter.
ARs did also say he'd Love to say what's going on with NEW but couldn't. For that reason alone I believe there must be Something happening imo. He also commented on over priced stocks, promoted by TW of course, TW Was alluding to ADL to which ARs said it's fine if a stock has say 2m cash and trading with a MC of around 3m. I assume he was referring to NEW as that sounds about right.
Good stuff. I am however thinking of selling my holding down in new. AR has a history in offering a 40% discount with an placings....in nipt it was over 40%. Does that mean our placing will be at 0.04?
Thanks for that ww, most appreciated that you took the time to let us know what you saw and heard.
I think AR might have a bit more control that he's being given credit for......... NEW did have a stand at the show but it was empty! Just the name above the stand....... I accept that I am the eternal optimist......because if NEW have nothing to announce/promote on the oil side ...........it makes me think that AR and NWOG are blocking any future oily ventures (so a degree of control must be there). I see this as good news in light of the recent rise in oils price. I'd actually be concerned if the stand had been up and running!
we should have known Adam was not going to let anything slip out . he would have issued an RNS after cop yesterday if he was ready to disclose anything
Wibble thanks for feedback.
In my opinion he has yet to get control of the board. Until he has control doubt anything will happen?
Hi Dm, Visited the show today and AR was his usual eloquent self. TW asked AR very directly when he was going to pull his finger out with both FRI and NEW! AR quite rightly said he could not answer that question...not surprising really! Plus TW gave a complete, well structured lecture on market abuse and insider dealing earlier in the day, so AR could have ended up in deep do do if he had made any disclosure. After a very awkward silence that seemed to last forever...AR did say: 1. that he does not get involved in companies that he doesn't do anything with 2. he won't let the shareholders down So a little disappointing not to hear anything but not really a surprise, but in saying that NEW was always a long play for me and I have no reason to doubt the validity of my investment here. So back to sleep for me while I wait for that RNS that WILL come in due course. GLA ;)
Hi all, any news from the investor show from NEW or AR???
They are showing as sells because below mid price but they are actually buys.
Hi Shenners, Im in New & Leg. What do you mean by "On the leg front I expect the might reverse into virtual stock"? thanks
Hi Shenners, Im in New & Leg. What do you mean by "On the leg front I expect the might reverse into virtual stock"? thanks
Hi Shenners, Im in New & Leg. What do you mean by "On the leg front I expect the might reverse into virtual stock"? thanks
7 mill and 3 mill - will keep buying at 0.6 and under. On the leg front I expect the might reverse into virtual stock.
7 mill and 3 mill - will keep buying at 0.6 and under. On the leg front I expect the might reverse into virtual stock.
We must be due some sort of update soon. Boredom makes investors sell! What do you think?
We must be due some sort of update soon. Boredom makes investors sell!
Cant see this anywhere?
don't have twitter account anybody help with where to see this talk
Rumour re New world oil and Gas and virtual stock, would make sense, Legendary investments hold a percentage of Virtualstock as does Nick from Dragons Den, Legendary investments share price suggest something going on, also CEO of LEG reckons virtualstock likely to be worth a billion in time , NHS contract already in place and likely to go nationwide, customers include Argos, maplins, other household names, would make sense I suppose, would make NEW and LEG Strong buys I reckon IMHO
Here been s long time now new director. Maybe he's bit of more that he thought in this company. Any thing good happening here.
like we have a seller