Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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......I said that if patel's didn't take SHG private now....they won't be able to afford to do it in the future:-
HUI/Gold.....0.09 region was reached in early 2016, a sharp miner reversal ensued to begin the mean reversion in gold stocks which saw many juniors move up 3x-5x within 6-months.
In 6 months time they may have to be offering 60p per share?????????
Would be nice if we could raise a little 'hue and cry' during the approval process. It would be in the interest of all AIM participants, not just us.
Well, I'm out. From the RNS's there was no way that the votes could have been as stated without behind he scenes deals. Maybe it is a good thing to have happened, would I have been happy with such a bunch running the Co.? I think not.
I have moved on and invested inEndeavour Mining. Wyh? Directors buying in with their own money and a low AISCof below a 1000.
Your call.
SparkyA1,
I guess most are buying for the "virtually guaranteed" return of 14.85 minus say 14.416 = 0.434p which is a 3% return in a month equivalent of 36% APR...or if it takes 2 months 18% APR ...even at 4 months still 9% APR.
But some may see it as a win win....so apart from the above.....if the bid doesn't get approval and complete...with the way the goldprice has appreciated etc. the SP may mildly rocket......!!!
Why are there still people making quite big buys at this late stage. Are they able to trade later or just holding for the process and getting refund?
April 2 was the record date for the dividend
So just to clarify if shares are sold today the holder would still qualify for the dividend?
Apologies if this has already been asked
Thanks
Thanks for clarifying. I did wonder if that was the case. I'd love to see the result of the first vote...
It isn't private yet so trading is still possible. PIs who don't want to hang around can give up a fraction of a penny to get out and invest in something that's hopefully better. It's x-divi so you'd keep that.
100% echo your views, booboouberbear......and it's always worth remembering who the founders were (patel's here of course)...and the risk of Private or worse...and I've had a few companies totally stolen with £nought/null/nil/zero back!
I know why they did it....they had to move now to take SHG private.....because they couldn't have afforded it in the future! Full Stop.........Karma????hope so!
Best of luck to you.....nice to have shared views here from time to time!
GLA and especially you Noel......meet you all somewhere else perhaps!
Last post here, sold the reminder of my SHG shares and will top up my Serabi pot.
The talking heads actually ask too, why LSE / AIM is on its knees, this is why, there's no risk / reward to private investors anymore. This company was floated threw thick and thin for 20 years, and as soon as the going got good, it's gone private. It's a disgrace, but no one is left on this putrid index to actually stand up for investors, it's just a free for all stuff your pocket before the music stops, this being one of the more disgraceful recent examples.
I've been screwed before, so you are prepared for it on AIM.
Hood luck in your future investments.
I'm out now. Prepared to take a small hit on the SP as really can't be bothered to wait around for all the regulatory procedures and permissions to complete and I'm not interested in hearing form this BOD or their advisers ever again. We have been shafted. There can be no doubt that the AGAINST figure was significantly understated because of the confusion over the voting but I guess we will never know. I'm probably going to scale down the risk in my future holdings, especially on smaller AIM companies as that cesspit seems to be getting ever worse. But, hey, I did make some money so not the end of the world. GLA and may see some of you again on other forums.
Afraid not Laney as I thought this might happen so I sold out at 14.2693p just before the vote.
(Might just drop my contact at The TakeOver Panel an email just to let him know that the T/O vote 'passed', though what good it will do is anyone's guess!?)
Would have held on but I wanted to put it all into SAR (which had an 11.00am Monday deadline for their latest share issue) so as to reduce my average over there from £2.55 to 96p!
So sorry for all of those who have backed SHG for so long only to get shafted at the point where the rewards start to flow (especially those still underwater!) but AIM is corrupt as f8ck I'm afraid, so you just have to 'pay your money and make your choice' I suppose!?
My two major holdings now are GGP (2,004,528 shares) and SAR (84.441 shares) which are both 'Sh8t or Bust' shares, and once these have played out I'm soooo done with AIM!!!
How is it possible to still trade this today? II still quote me 14.4 to buy...
1plus1 - This being the case, is there any real point in voting? Shouldn't our respective brokers inform us of this dilution of authority?
Sold out too, gla.
I'll have to change my name to BittenThriceShy....
Sold out invested in harl gla
I piled into paf and srb, glad I sold up here, as I bought them early with my Shanta profits… I been in Shanta since 7p days am disappointed in Eric one I will never trust again.
But if we have lost, at least we gave them a bloody nose. i have made over 40% which is a great return, though we all know it should have been a whole lot more. zephyr looks like my next great success and am holding on till next the drill finishes, or just before it. already well up, but the paradox basin has scuppered many before it..... and zephyr last year, since when the shares fell off a cliff, hence may take my winnings at the gold rush time and be ready to pile back in...as ever DYOR. many thanx to all for the ride, except of course all the serial rampers, we know who you are. also in HARL. up and down like a bleeding yoyo. ARROW looks good at this present time though again DYOR. we'll meet again, don't know where don't know when........................
Grezzz,
Yeah it is unfortunate but it was worth the fight for shanta, good to hear your friends made good money in it though. SRB is my biggest gainer and i still think it has more to give with gold going up its economically feasible ore body just keeps growing too. I have only peaked at CEY its been a solid recovery play and looks to be turning things around, AISC remain stable, gradual sustained increases in annual production and a good pipeline of production projects all be it in an area thats got a few issues around it at the moment (Cote D'Ivoire) they look promosing. Id be tempted it was the simple fact i wanted a larger miner with good exposure to silver i didnt choose CEY, its definitely one ill look to take a position when i get more lumps of cash to invest. I wont drone on about investment case for gold as thats why we are all here but aslong as you are in a stable producing gold miner, all should benefit massively considering the upward momentum golds going to have atleast for the medium term!
Aim is an insiders game where the retail investor ultimately provides the capital, but without the gain. Its the transfer of wealth from the common man to the directors and institutions. Best of luck....but don't buy, or if you do don't hold too long.
Clearly the non regulators get jobs, as do nomads and brokers. Commissions are made by brokers whilst Conv. Loan note sharks are onto a winner. Directors get rich salaries, and raise funds with the institutions that forward sell. Seems as if thye continuing loser is the small guy....who, even if he gets it right, (as with Shanta), is robbed of value by institutions acting in concert with directors/connections to rob value from the retail investor. Hey...thats life...
Mattyboy, will you be following up to see if there was a discrepancy between the 2 voting periods after all the shenanigans that played out when were were asked to vote again. I guess a few people on this BB would be interested to know if that also went in Patels favour. Not that it changes anything :(
Nigel,
Thanks for that insight. It may be that missing a better entry point for HOC may just have to be taken on the chin. The annoying thing is that when it was hovering around 98/100 I recommended it to a friend of mine and after he'd checked for himself, he loaded up! I kept adding to SRB as it seemed to have better opportunities to build at a decent average. I'm trending a bit more risk averse at the moment, so might go with either HOC or even CEY. Have you looked at the latter?
As others have said, AIM stinks of corruption these days. It seems that 90% of companies either go bust or shaft the investors like this just as they hit pay dirt. Who in their right mind would sell at this stage without a backhander? Started investing here in 2012 and was finally looking forward to making a profit but as the actions of these schemers have held the price back I won't even break even. V dodgy how some ppl had to repeatedly vote. Would love to see what a thorough investigation would reveal. I wouldn't have even known about the votes were it not for this site. On the bright side, this will hasten my exit from AIM, so I can stop losing money!