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.
RDGC now appearing on their website.
No trade price set as yet.
Expecting an announcement tomoz.
Will be luck if we can trade in for more than 0.25
Ridgecrest Plc (formerly Nakama Group Plc) became an AIM Rule 15 cash shell (“AIM Cash Shell”) on 5 January 2021. Admission of Ridgecrest’s shares to trading on AIM was cancelled on 7 January 2022.
On 31 March 2022 Ridgecrest announced that it has made an investment of £300,000 in the parent company of Fast2Fibre Limited (“Fast2Fibre”) and has committed to invest a further £200,000 at a later date on the achievement of certain conditions. Fast2Fibre is a UK technology company with an innovative, patented solution for upgrading cabling. Fast2Fibre’s patented copper replacement solution allows the inner core of buried or ducted copper telecommunications, coaxial or electrical distribution cables to be extracted and replaced with fibre, without the need for excavation. The initial target market is telecoms companies, both domestic and overseas, installing fibre from exchanges to homes and businesses. The market is being fuelled by customer demand and by a requirement from governments around the world for fibre-enabled networks. The secondary major growth opportunity is in the power sector.
After its investment, Ridgecrest retains cash balances of approximately £1.2 million.
Mafioso, I kept on an eye on JP Jenkins because of your post and I think you were right about news. They have got a price of 1.2
What are peoples thoughts? Called HL, my broker, to see what my options were and from what they said it seems they don't trade directly with JPJ... rather than messing round changing brokers in inclined to wait it out and see what comes of the agreement. Has anyone tried (successfully or otherwise) trading this either way yet?
Need to sit this out as it's early stages atm.
Fingers crossed.
Hah! This is true. Conversely I was a bit reassured that there's a potential path to profit even if they don't RTO. Because what is it now; fourth, fifth time's the charm? Not holding me breath for successful fundraise this time!
How will the mechanics of this work ? ie you have say 100,000 AIM shares prior to de-list, how do they know how many shares you had ?
There is a price of 1.1p showing now.
Interestingly enough, when I Google ridgecrest the top search is a cleaner's. How apt, we've all been taken. ??
Mmmmmmm
Any advice from anyone would be handy ?
If i want to just hold my shares i have with HL, would i just do nothing and sit tight ?
This is the message I got from IWEB, does anyone know if this means we are still shareholders? I know we can't trade on
AIM but is there anyway we can sell what we have and at least recoup some of our money?
RIDGECREST PLC - Important Information
Matched Bargain Facility.
Important Information & Other Key Dates:
Following the Cancellation of Listing of the Company's Ordinary shares from the Alternative Investment Market (AIM) on 8th January 2022, Ridgecrest have announced that the Company has created and intends to maintain a matched bargain settlement facility via JP Jenkins. Now that the matched bargain facility has been arranged, details have been made available to shareholders on the Company's website at https://jpjenkins.com/.
Regrettably we are unable to facilitate trades using the Company's matched bargain facility. Should you wish to use the Company's matched bargain facility you will be required to transfer your shares from our nominee service.
If you wish to transfer your shares you will need to establish an arrangement with an alternative broker. Should you wish to do this, please contact your chosen broker in order to complete the necessary transfer process. JP Jenkins may be able to suggest a broker for you.
Should you wish to find more information about the Cancellation of Listing, please visit the Ridgecrest website, www.ridgecrestplc.com/
It sounds like the message I got from HL... if you wanted to trade, you'd need to transfer your share certificate to a broker that does trade with JP Jenkins.
I assume if an IPO/RTO happens, and the resulting company lists on AIM, we'd be able to trade through all the normal brokers again- I've decided to hold out for that and see how things pan out... but yeah, that'd be how you'd do it
Ok Jim, thanks very much for that. I think like you I will just hold off for a while and see what happens. Sounds like a lot of effort to get it moved. Hope they do return to AIM in the near future and we would be able to trade. I only have a small holding so kinda have written it off already.