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Started: Gotrader, 18 Jan 2021 20:39
Last post: Gotrader, 19 Jan 2021 10:51
20k trade was director Emma Kane. RNS to confirm. Another ut trade buy today. Hmmm
So they have bought out rest of Newington and merged it with Newgate UK. With both brands to be rebrand Sec Newgate in due course. Newington now in Newgate's old hq. Which we already knew.
Trade wise. There is suddenly a lot of UT trades. All seem to be buy trades. 1-2k volume is not a great deal. Even 20k volume is only £10,000. See whaere this goes and if a TU arrives any time soon. Does this mean someone is auctioning off shares? If they are buyers seem happy to pay 50p now.
For some reason I can't access any of the group's Twitter pages. Not sure what that means.
Started: investz, 18 Sep 2020 09:40
Last post: investz, 21 Sep 2020 11:28
Results RNS today, followed by further Dir buying news.
Today's RNS - good to read of their continuing expansion.
Just getting on with quietly building the business.
Very under-rated.
Last post: Gotrader, 17 Aug 2020 21:04
Recovering some lost ground here. Quite unexpected. With decent prfits now forecast too. Makes 12-14m value seem very low. See what happens.
Hi Ripley,
I guess that you came by SECG by way of their takeover of PTCM.
I think that you will have received 1 (one) SECG share for every 88.4955752 PTCM shares which you held.
Does that help make some sense of whatever number of SECG which you now hold?
I was wondering how i got these PTCM...
Up 27% today to 57p .
No idea of my loss or gain maybe here .
Porta even lower now .
We did they want to buy it ?
On top of that Porta still does not fully own all it's Asian Newgate companies. Guessing shares might have to be issued for these at a later date? It is strange how trades of 10k causes this SP to collapse.
Last post: investz, 17 Aug 2020 09:17
RNS news.
Started: investz, 14 Jul 2020 13:18
Last post: investz, 14 Aug 2020 09:44
Steady buys are moving this higher and the first signs of chunkier taking will really speed up the climb back.
At the present, even small buys each produce an uptick in that direction.
A nice share price uptick here today .... https://www.lse.co.uk/rns/SECG/trading-update-2ewccn6691rhz4i.html
Well worthwhile to take a look at their recent RNS's - particularly the comment part of their RNS "AGM - result", 19th June.
Currently the sp is less than 50% of its price of a year ago, so a decent lift to go for here.
Last post: Gotrader, 12 Sep 2019 18:19
Terms of deal said Morton could not own more than 30% of firm. He owns 29.99% of firm. Plus owns 4-5m of the debt. Have they bitten off more than they can chew here? Not great really.
I have no idea. I think they are prime for a takeover once they cut out costs. Only reason to merge is to slash costs. Share premises in the UK. Reduce headcount where there is duplication. Accountants? Other areas?
My main worry is Italian accounting.
Personally I think we got done over on this takeover. They dropped Sec's price 33% after deal was agreed. Sec share price is down 66% from it's high of 124p. Lot of this to do with the big investment it made in Porta at 3p or so. So it has written off 2-3M pounds. I am still worried about Sec's debt they are taking on here.
Can they make Porta profitable? Hmmmm.
Now we are part of SECG how do others think this will go with regards to the share price?