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main market and quality BOD taking nowt 'till deal is done. Good place to be parked I think.
Below NAV and no value attributed to having a listing. And a genuine clean shell as opposed to some other ramped trash like CGP.
Roll over and back to sleep it is then. No great sell off (it already happened lol) Fantastic entry below NAV for anyone who wants a solid investment that you don't have to fess about and monitor daily... imo "Of the �1.3 million that the Company raised at IPO, the Board and its close associates invested over �500,000, including �310,000 directly by the Board, who own in aggregate 27.7 per cent. of the Company's issued share capital. The Company's overheads are minimal, principally because the Company's directors took the decision not to take any salaries, and all due diligence to date has been undertaken internally at no cost to the Company. Accordingly, as at 31 October 2017, the Company had cash of �1.1 million, with no debt, and its net asset value per share was 4.23p."
Agreed, better to have a solid RTO target in place than pick any old one just to say you closed a deal before year end.
at least it's being taken seriously
it seems...
> relaxed approach if I may say so 1750mk1 The trick is not to sell when overcome with boredom...
Well played on the low entry mv, always makes the wait easier... Was only ever going to be a hold for a deal by end of the year so was never expected to be exciting... on track for that we are told, hopefully anyway. Nothing else to discuss really, it is what it is. Some will sell from boredom or need funds elsewhere and some won't fancy a lock in ... don't mind myself in this case. Much like HNL, suspended and even de-listed but all looking good to come back a completely different ball game on a minimum 5 bag. Be equally happy with the same here... comfortable hold.
the place where you remember you might have some cash in it and check before throwingg out said sofa... well, this was a worthwhile exercise! good job i bought in low, is all i can say. cheers, sagebrush blowing silently across this company!
ture enough, re. timeline... still waiting on my gwik cora gold shares, i'm sure... been months now and still no details of what exactly will be on offer. have dabbled for a rainy day... see y'all when it gets busy...
marineville....No-one can call the peak and the lows......of any share...let alone a SHARE that has just come to aim recently.....as a CASH SHELL....true valuation will only be known once RTO target is known......we already know...the SOP team are doing all they can to get this 1st project delivered they have even frozen their wages until its DELIVERED.......YES its right to say some are selling...these sellers are no INVESTORS rather just TRADERS trying to chase rainbows..... IN time this will come GOOD...how long they need is anyones guess...but slowly slowly we are getting there....there are tons of examples where....CASH SHELLS on aim have turned BIG......don't forget we are not on aim....we are on main market......:))....if I remember correctly the 1st DEAL will be done and dusted in AUTUMN and it will be at HIGHER end of target of between £5m-£30m..... From where I am sitting its LOOKING all good.....its just the waiting game.....before we know it....we will get an suspension RNS which will lock many out.......until then good luck to you and all who are seeking lower entry price ...whether you get it or not is a different matter...it will all depend on MARKET FORCES......in this game sentiment is everything......one day you don't have it...the next out of nowhere....booom!!!!!..... At the moment SOP...is relatively new...many still don't know about it...in time to come things will only get better....:))
AO, mea culpa of lazy posting. obviously cash isn't a'burning, outside of whatever is required in proving up the potentials... yes, you're righ and i was wrong.. but more sellers than usual today, though prior to report. still no timeframe... i know rtos take the time they take... just can see people getting bored and we don't have a current investment to focus on until then... 20% down from the ramptastic casper's earlier call to arms... :) am sure i won't get 4.1 but i wonder how close i'll get before the next rns that sets things in motion ? don't think the hlaf year report is going to do it. apologies for the punteresque comment... trust it didn't annoy too much. gly
better have some good news in the next couple of weeks or this'll be down again... may as well be possimistic/optimistic and start pencilling in a speculative 4.1 buy... gla.
Not anything new there. A bit of a dissapointment on the information front. No news of the RTO company type and no date for when the RTO could happen. Maybe next time.
this could do very well if you buy and hold imo... interesting cash shell prospect.
RNS OUT!!!!!!... Spinnaker Opportunities Plc (LON: SOP), the main market-listed company focused on the execution of a material acquisition in the energy or industrial sectors is pleased to provide a further update on the Company's progress towards delivering an appropriate transaction. Following the Company's announcement in July, in which the Board announced that it had narrowed the number of opportunities under consideration, Spinnaker has now carried out further work over the summer to assess and evaluate the short list of potential acquisition targets. Spinnaker is pleased to announce that this short list has now been reduced further identifying a small number of the most attractive opportunities which the Board believe will generate attractive capital returns to its shareholders. Spinnaker now intends to take discussions forward with the highest ranking of the businesses under consideration. Further updates will be provided as appropriate. Spinnaker Chairman, Andy Morrison, commented: "We are pleased with progress, as well as the speed at which the Company has further evaluated and narrowed down the opportunities under consideration. The opportunities under consideration are exactly the kind of opportunities that the Board set out to find and have the ability to generate the attractive returns to shareholders. What has also been particularly pleasing has been the reaction to the Spinnaker model over the last few months. The creation of a clean cash shell with the expertise that the Board and advisers provide is attractive to businesses seeking a listing. We will now look to progress our evaluation of these last few opportunities further, with a view to delivering our strategy and select a target business to acquire."
Guess they meant summer season after all. Glad of the update, it provides the confidence in the BOD's word that some feel is lacking in some other shares I hold. ATB
Official end of BST 22/9, so if BOD are good for their word, then news one way or t'other... Imo, if it goes that long, it will be a holding rns rather than the great news we all want, so hoping for something sooner. Gla
not long to go NOW... our final couple or so projects ( potential rto targets ) will be announced soon... tick tock.....tick tock... gla
it's 8% from 5.2 but i hear you... if sop's still at near to ipo in 10 days i'll be happy to join you all on here. if i miss the boat then good luck all. i'll be waving from the quayside!
and, seeing as NUOG isn't quite doing what it's promised also... guess i'll wait for that one to deliver before i jump in HERE. so, thrEE WEEks for something to happen... and maybe then some? gLa...
Until the end of summer(22/9) ..hopefully something both positive and significant before that? GLA
....have passed since you EXCITEDLY forecast an imminent RTO C786.!! Lets hope something happens in September. As I pointed out it would appear that the only people to benefit from the nonsense of around the 18th. were the MM's....as usual. If you look at the trades it seems as if very few pi's bothered themselves, in fact one needs to go back to late May to find any days on which there was meaningful volume. Still, the shares are correctly valued (imo) at their cash value and anything higher is just "hope" money. Meanwhile we just sit and wait.... If and when an announcement comes it should come out of thin air. GLA
Key thing in here IMHO is the fact BOD hold 30% of the company...they align their interest along side shareholders....cant go wrong.....in my VIEW..... gla and ENJOY!!!!! the ride....when it happens....
Mate in this game...its best to BUY low....wait it out.....let the booooom boys come and do the rest..... many I mean MANY...here on aim make same mistake over and over again....they get spiked again and again...they never learn from their mistakes...... I say again....BUY...low.....and then wait it out....and then sell at a HIGH ( at choosing of your price ).....a WIN WIN....:))