Firering Strategic Minerals: From explorer to producer. Watch the video here.
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I have been watching this share since it announced takeover. The sell price was definitely around 17p. So how did they managed to sell at 19p? Something fishy going on here?
Not complicated it's just the dealing disclosures aren't in the right order. There about 8 in all issued yesterday and today from April 21st onwards and they've sold almost all their shares since then. Look at the dates of the dealing to put the jigsaw together.
a couple of days ago and they only had one million + last year where as this next one million appeared from??. So strange??
Takeover announcement was made on 20th April. STREAM GLOBAL PTE. LTD has been selling their shares since 21st April. Why?
Think there are funny games being played here with a profitable company. This is another example of everything that is wrong with the markets and why private investors are not interested in buying up what should be considered cheap stock. I'd rather sit it out and be safe until things become clearer. Disappointing.
This to me looks like the last throw of the dice by the independent board, by extending, they're hoping they'll receive a payment from the debtors before the payment plan expires in June.
Thought you had spotted something there with the Ind.Bod asking for the extension. However, reading the previous extension request, they are identical. Perhaps the request to the Takeover Panel has to be done this way, not sure. Anyway, pants, how can it take the CEO this long to cut a deal in a company he knows inside out? My gut feeling has been and unfortunately still is - won't happen. However, no-one knows but next deadline just before the Referendum, although that probably is irrelevant to Syqic doing most of it's business in Asia doesn't it?
If the offerer has bought them, they will have to put out a holdings notice. !! Well if they are playing by the rules anyway ??
If the offerer has purchased Stream shares, then, as I understand it, the price paid for those shares is the minimum price they must pay to shareholders if the bid goes through. The question is, who purchased them?
not what we wanted to see this am. another worrying factor is, the independent board have asked for a extension and not Bidco.!! gives me a horrible feeling the directors are struggling to cut a good deal??.GLA.
After yesterday, I was thinking perhaps the bid was off.....but at least now we know it is still alive and kicking.
It also looks like they're stalling publishing the results, they said they expected to produce the results towards the end of May.
Looks like Stream Global is selling their shares to the bidder. Another thing, the payment from the major customers is due in June 2016 according to the link below. http://www.iii.co.uk/articles/250302/does-syqic-deserve-rockbottom-pe-multiple
I hope this is not insider trading.
On oct 28 2015 they held 1,280,382 shares.So it is possible that they dumped the whole holding, Not good for us holders if they have been forewarned ??!!
On oct 28 2015 they held 1,280,382 shares.So it is possible that they dumped the whole holding, Not good for us holders if they have been forewarned ??!!
It is indeed an odd one. There no way that the mm's would take 1,000,000 shares at that price unless it was some sort of transfer and the buyer hasn't shown his hand yet. Equally, why are Stream are selling at this point having been in since the start?
There were 2 RNS by the same company. 1. sold 200000 shares, 2. sold 1M shares The company Stream Global provided fund to SYQ. http://www.stream.com.sg/investment_investees.html
Something dont add up here ?? get the impression they bought a million @ eighteen pence and then sold 200000 @ nineteen pence.!! Dont remember this company being on the list of major shareholders previous to this.None of the other big holders have dumped today, so we could still be in for a bonus tomorrow GLA.
1M shares traded on Friday at 18p was a sale. How can it be? At that time, sell price was 15p. Does it mean MM gave better sell price to their friends?
Well deadline is 5pm tomorrow for decision. May not RNS tomorrow but why are they leaving it to the wire. Perhaps further extension? RNS's so far always have the caveat "This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code." Impatient can't even wait for tomorrow.
Bid news coming tomorrow
After that massive buy Friday. Follow the money mmm
Profit of c £1.6m in 2016, current p/e of 6.8 gives a min value of over £10m! At least double your money if deal is done. May buy in on Monday morning before the RNS, depends what she opens at.