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Is this the end?
If this surplus is 10m surly more people would be buying and this would not be stuck around 0.65p?
I'd expected if it were to to rise it would have been the Q and A and the 12th
Hi Terry
I rang and they said the Q and A will be on the website shortly and confirmed there will be a surplus of funds to re distribute but didn't give any further details
£ 600 limit on HL
I cannot get a price at all today ?
It is hard to buy more on HL
.......and a few buyers in town!
Hopefully we see Tomorrow
Hi Laura
Yes I think this has been oversold which understandable given the very small free float of shares. There is nothing to stop this being taken over or bought out once private. I’ve got 3k in here and happy to hold this and see what happens. It could be a good day here tomorrow in advance of Tuesdays investor call
Atb
Hii shenner
I also felt that there would be at least £10mln left after restructuring costs etc
That would equate to 3.5p for every share
Could be a good pay day
My guess is after wind down costs have been factored in around 10-20 million, all will be revealed Tuesday anyway. For those that are willing to hold a nice payday
Hopefully they will spell out how/quantity of the "surplus funds" (£40mln approx) will be distributed
FumbleBuck
1) forum won't go anywhere from here for years, it simpy won't be updated anymore as with many delisted companies.
2) disclosure of periodic accounts for banks is mandatory and should be done in accordance to relevant standards, therefore it won't be "bare minimum" (but since they're about to leave UK market - these will be different standards as per changed jurisdiction).
or MADE
According to some
You're not missing anything and the return of surplus funds is mentioned on their website circular
See the information posted here last few days
Hope that helps
If I were cynical I’d say there might be a buyer waiting in the wings once this has de listed. Next weeks call will shed some light
I dunno
Talk to me?
PCF Group plc is announcing that CEO Garry Stran and CFO Caroline Richardson will be holding a question-and-answer session via the Investor Meet Company platform on 7th December 2022 at 11:00am GMT, in advance of the General Meeting on 12th December
I suspect this is where they will state the return of funds
Helpful RNS
My question
What are the best and worse case scenarios in relation to return of funds to shareholders after the business and loan loan book has been wound up and sold.
Would expect that to happen Shnners as it appears that there is a good chance there will be a windfall of at least 4 or 4 times the current value
Nice buy after hours , very snail free float here so expecting a run of blue days up to and hopefully past 1p
Yes niel
HL will only allow you to buy about £1200 but I can sell more than that at 0.58p
Some decent buys though.
Lots of sells at small prices but then a big 2k buy comes along.
Good luck all here
Let's hope it does go the way you read it.
If not invested too heavy then you can't lose really.
Just remember though it does say MAY and SURPLUS which if it is 10 million then its 5 times the current market cap.
Surly if that was the case more would be purchasing at this 0.64p to grab a pay day when this delists.
I may well be totally wrong and just playing devil's advocate.
"Shareholders may in due course receive a distribution arising from the company having surplus funds at the end of the wind down process "
Good luck though and I'll be jealous of your pay day if it works out x