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Thought that was coming. What's another few weeks. I'm sure it'll be worth waiting for especially the update re future plans. GLA
Intra day RNS?
Sorry posted that in error
The non disclosure of her purchases probably came to light during the current annual audit.
I think it right and proper that the company issue a statement just to clarify the situation. The powers that be might insist on it.
GLA
Not sure if any rules have been broken but let's see what they announce.
Backs up my earlier posts about free float or lack of it. I've never seen a companies equity as closely held as this one.
I don’t see how a disclosure of trades from August are in accordance with MAR. Is it not supposed to be within two working day for DTR.
“ The notification for crossing is….. DTR 5.8…
“ The notification to the issuer shall be effected as soon as possible, but not later than four trading days in the case of a non-UKissuer and two trading days in all other cases, after the date on which the relevant person:”
https://www.handbook.fca.org.uk/handbook/DTR/5/8.html
Well I guess at least she was buying behind hubbies back as opposed to selling! I also note she was prepared to pay 2.9p and 6p so had no concerns that a 100% rise made it too expensive.
Wonder if she is still buying! lol!
Anyway it all seems very strange that it comes out so late after the event.
Usual caveats
Trek
Everything comes to he who waits
Hopefully hear something sooner rather than later. The suspense is killing me!
GLA
Newgrange, if you work through the admission document you will probably get to about 22 key holders in this business. Some may of moved on but all have a link to the Dickson family. Worth a look at who backed them when they reversed into Barkby. Successful people don't invest that kind of initial investment if they hadn't supreme faith.
If you look further David Holdsworth massively raised his holding in 22 and you can add in the CFO Doug Benzies who now holds in excess of 1 million.
They haven't given their company away cheap with share dilution have they ?
We are happy with our holding due to the amount of " skin in the game"
Lets see what happens this week but I expect a vastly different perceived business will emerge,
@Cawdor - blow taken from company website today.
Date & Time: 02 April 2024 0:00 (GMT+01:00)
Share Last High Low (+/-) % Bid Ask Volume
Roadside Real Estate 8.20 8.20 8.20 0.00 0.00 6.50 8.50 0
Share Graph Share Data Trades Performance
Currency GBX
Market London (GBX)
ISIN code GB00BL6TZZ70
Ticker code ROAD
Industry Other
Market Capitalization 1,178,157,993
Number of Shares 143,677,804
@Cawdor I took that figure from the website but of course could be wrong. 800k is some holding hence you must have serious confidence in this share which I share also. Last RNS said results will be released this week so here's wishing us both and our fellow investors the best of luck!!!
Read the admission document newgrange
Reckon freefloat is less than 20.million which is peanuts . My wife and I hold 800k
143m shares in issue of which 70% are held by directors and management. That leaves quite a small free float.
Interesting to see what transpires next week. GLA
Newgrange, it was a rhetorical question as I fully expect to hear something pre results.
Now then...the plot definitely thickens.
Yes RNS's will still be released during suspension. The share would have to be delisted for this not to happen. A good example is RTO's where the share is suspended and regular RNS updates are given.
NG
Maldon
With the share now suspended will we still get news out this week ?
I do expect confirmation of the loan details and was surprised it was only 10 million although they cam raise by selling Malton and Wellingborough to the JV for circa 10 million plus the 6 from the CSS part sale.
2 pertinent questions for me.
Why has Meadow joined with Barkby given their size ?
Does the above point to Roadside acquiring someone to be able to scale quickly?
If so anyone that is holding will benefit. Others may have missed the boat.
We will know more in the next fortnight..
The 12 m loan facility from Tarncourt (Effectively C Dickson) could be wiped out with further disposal of their interest in CCS (Potentially c. 35 m ) Some of that 12m , of which 5.9 m has so far been drawn down (That might have increased) will be repaid before the expiry date end of June :
~ ' Roadside intends to use the proceeds from the Transaction to reduce the Company's debt, following its refinancing announcement on 19 December 2023 as well as for general working capital.' ~
Any further disposal of their CCS interest could really get Roadside motoring !
Looking forward to this years report and additional clarification .
12m to one of the share holders, what else?
they may sell more and pay the debt before deadline.
Defo bid coming from China coz then they would be able to read our dreams as well!
Trek
Agreed ~ The RNS looked read more like a `For Sale` notice to me .
Monies raised could well be deployed to accelerate the Road franchise , and that could accelerate additional interest fro Meadow . Interesting Chinese connection ~ `Tic Tok` (!) ~ perhaps corporate action very soon .
It would appear that CSS - Cambridge Sleep Science - is worth far more to ROAD as a sold asset than as a holder. While a purchase order is fine, the sum of cash involved is not very large and won't make any difference to the revenue balance sheet while funds from a full sale will make a lot of difference to the new business.
Some of us, well, me at least, have been here since it was Sovereign Mines of Africa. It's been a blast. Gold mines in West Africa to pubs, car dealerships and now roadside properties. I had shares in another goldmine that had a reverse takeover and is now a ladies clothing retailer. Funny old world.