Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
I have had a number of shares in this predicament most of my money along these lines was in Concha. Disaster that was. They just decided or should I say He, Akers decided not to relust in the timeframe so went private with all investors money.
RC are on a timeline to announce a deal. No deal 2 options. Delist. Or realist. I think the latter. They will come back on at a price the market sees fit. Probably at a figure pre any previous deal announcements and wait again to start the RTO process.
Putting your opinion to 'hold' because there is nothing more you're capable of.
I'm happy they were decisive enough set fire to the dead wood. No point in wasting time as it's what we have little of. On to the next. Same as any sale, it's just about finding out if you and the customer are a good fit. Sometimes you are, sometimes you're not. It's nothing personal.
We're invested in this team's ability to RTO the right company. Blue Air are just wrong for us at the moment. No less worrisome for us, but it's not like we can do anything.
Any ideas on someone else who is looking to list?
This is all new to me just wondering if anyone can shed any light on what the odds are on us getting re listed in any way? What is the deadline for finding a new company to RTO? Or can we re list as an investment company? In other words what are the chances I’ll ever see my money back? Haha
Boom, I have a list of TR1 holders, 11 in total holding 50% overall. If new deal needs to be done within original 6 month timeframe, they better get a move on pronto.
Not the news I wanted to read but rto’s are a risk. Imo, it’s now binary on whether anything will get done in time. This is aim and there’s nothing guaranteed as we’ve just found out. GLA but I won’t be holding my breath on this one.
They clearly smelt a rat and were not prepared to wait until virtually deadline day. It would appear they are some way down the route of Plan B.
Let's hope so.
Yes, hopefully the fact that the company didn't state something like ' At this stage the company is not in negotiations with any third party regarding an alternative investment' has to be a positive.
Fingers crossed.
No such thing as waves, thats what the media tell you, the reality is very different if you open your eyes.
Nothing is hidden, its just not shown by the only sources people look to.
When will you all wake up, the answer, not in this lifetime.
Certainly a 4th wave coming here and probably another December lockdown. Can only imagine how bad it will be elsewhere. Fuels going up, traveling will go down and covid will take out more leisure related companies. RDGC best out of it and should look at another market but FAST!!!
Probably for the best. Can't see many airlines doing well for a long time. Especially when the price of fuel goes through the roof and also further covid lockdowns.
Hmm, never did like the idea of an Airline anyway.
I'm hanging on to this:
The Company anticipates being able to make a further announcement regarding an alternative transaction in the near future.
The words 'near future' give me a modicum of hope......
What a let down after all the excitement of investing in an airline. Do they have an alternative investment lined up? Let's hope so and pretty damn quickly at that!
Let's start again then ..............
RDGC - Ridgecrest / Update re proposed reverse takeover of Blue Air
RNS Number : 1309Q
Ridgecrest PLC
25 October 2021
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.
Ridgecrest plc
("Ridgecrest" or the "Company")
Update re proposed reverse takeover of Blue Air
Ridgecrest, an AIM Rule 15 cash shell, has terminated negotiations on its proposed reverse takeover of Blue Air*. This is a consequence of Blue Air's inability to raise the pre-RTO funding that was the principal condition of the non-binding heads of agreement between Ridgecrest and Blue Air's vendors referred to in Ridgecrest's announcement of 6 July 2021.
The Board of Ridgecrest has concluded that it is in the Company's shareholders' best interests to pursue an alternative transaction. The Company anticipates being able to make a further announcement regarding an alternative transaction in the near future.
Trading in the Company's shares was suspended on 6 July 2021, pursuant to AIM Rule 15. If the Company does not complete a reverse takeover or become readmitted to trading on AIM as an investing company under the AIM Rules within six months of the suspension, it is expected that trading in the Company's shares on AIM will be cancelled.
The Company expects to announce its final results for the year ended 31 March 2021 later this week.
* Blue Air is defined in the announcement of 6 July 2021.
Not what we wanted to see unfortunately.
6 months from 7th July, so news will be start of Dec unless it is all plain sailing. 5 weeks to wait, hopefully less.
You would like to think that the long wait implies that everything is going well ?
Surely if it was going to collapse it's in the period straight after suspension ,say 4 weeks .
i read it but have i missed something ?
Why would you think it would be on the FTSE?
Im going to admit im not sure what is going to happen with this, we will keep the same amount of shares we have or will we get a % of them ?
I think news will come late Oct- Nov time .
Massive rns with all the details & egm date to pass it .
Exciting times & with the size of the rto I think its just a case of how many bags the irrelevant rdgc holders get !!!
Blue Air connects Milan Linate to Prague
Romania’s Blue Air has grown quickly at Milan Linate, the airport closest to the city center, with its next route – to Prague – taking off. This is the first time the Czech Republic capital has been served from Linate since 2014, when Alitalia operated it from April to October. It comes soon after Blue Air started London Heathrow to Nice.
A market of around 5,000 transit passengers in 2019, Blue Air links Linate and Prague twice-weekly using 120-seat B737-500s. Blue Air competes indirectly with Ryanair’s seven-weekly service from Milan Bergamo and easyJet’s three-weekly from Malpensa in the current week.
https://simpleflying.com/notable-airline-routes-8/
No one knows yet other than company insiders. We should know in the next 3 months.