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To be fair it reads quite well and seems fair. Personally, I would sell my shares immediately at circa £1.50 if the chance arrises due to personal circumstance, but I know others have longer term plans and may wish to hang on to them.
Steamy - do we have to do anything ?
I want to exit at £1.50 but not sure if that is possible now, before they leave AIM
Mike - Nothing we can do at the moment. If the tender offer comes before the de-list we can take it. It's not guaranteed, but they have to say that. Even after de-list, the way I read it we should still be able to sell and don't seem to be being left stranded with shares we don't know what to do with. It will just require a bit more effort to sell.
It looks like if people want to hold on a few years, the aim to re-list in a different market at a higher price.
HI All,
I hold in SIPP and ISA. I am thinking of all the options.
Mostly I would take the money and run. But, if I plan to sell the ones in ISA, and hold ones in SIPP how does it work?
How can I hold the ones in SIPP if its delisted?
Thanks G
Thanks Steamy, and everyone else for their input. A rum do. Hard to know the best course of action. I would take a hit of around £20k if I sold now. And there is huge risk by holding on. This is where I wish I was more of a pessimist, and just sold up. But unfortunately I seem to be drawn to risk, so might end up hanging in there .
My read of it - IF you want to sell, you have a very reasonable chance of getting £1.50. IF you don't, you have a VERY good chance of getting in at a LOW level on what could be a very big company - obviously risk involved, but there are some big players putting in big money. If you could have bought Tesla for the current price would you not have done it. I don't say we will be that sort of company, BUT it is possible! I would HOPE we might see a degree of re-rating on the share price as we move closer to the delist as those who want to hold for 2-3 years will NOT be able to buy at this sort of level again - imho.
For the record, I'll still be 30% down with a floor price of 150p.
The MBF looks fair enough to possibly turn an unpleasant situation into a better one. It provides an opportunity to watch and wait because you still have an opportunity to sell while the MBF is active, as long as the SP re-rates beyond the set floor price you should still have buyers to sell to but as they say - NO guaranties!!
My understanding is funding will be provided shortly after going private so it's watch and wait to see if a rerate happens during the MBF period, if it doesn't I'll probably just have to hang on in there in the hope of a re-list in a few years. Could be the best or worst decision I've ever made, I don't need the money yet so Hey-Ho!
GLA
The latest RNS gave me a headache and as a shareholder in an ISA I’m sc-re-w ed.
For those who aren't clear of the reasons for delisting, look at the last fund raise - the company want to raise money on a valuation far in excess of the current public price - as the price has gone down, this will have become harder to justify - with no share price to act as background noise, it will be easier to do the fund raising they want. That's why (amongst other reasons) startup companys are not usually public listed companies.
Close around 100p my guess
Will the shares price ever get to 1.50 before delisting ? . My isa,will cash out and take the risk a wait 2/3years for relisting. As for my Sipp can’t hold unlisted shares will cash out . Take either the tender offer if it happens or sell up on the Open Market .
At the current 50p ?
Relist in 2-3yrs with Shearer at the helm?
Erh, no thanks the man cannot be forgiven for the last 12mths.
The announcement of the CLN screwed us all, even the company itself ! If they hadnt have done that the funding technique they were trying may have come off, naiive and stupid with the CLN - Theres only one way a share goes with a CLN, the fact they later cancelled it shows they realised they made a massive balls up.
Surely the board have no confidence in shearer,HE HAS TO GO.
Shearer has made numerous errors like the CLN, he has utter contempt for PI's and their is no power in the BoD, its a dictatorship.
This will not recover unless LRB make an offer, If they have any intention of that then they need to start buying in the market. I was expecting/hoping that there would be an RNS from LRB this morning as if I was in TNT I would not have confirmed the delist until LRB had confirmed what they were doing.
If you believe the message how low does this have to go before you are tempted to make another purchase? If it gets to 20p I'd be tempted to buy some more.
Here's my view on it:
Tintra are offering an alternative here to accepting the Tender offer. They seem to be indicating that "We very much hope that most shareholders do not take up the offer from LRB35 Limited". I read this as they do not want to give over 29.9% control and are offering PI's a matched alternative, whereby you don't have to immediately take the tender offer.
It's a moot point though in my opinion. You are either going to get out before going private or you are not. The only advantage of hanging on in there is if you believe the Feb funding will come through and that baseline rate is re-evaluated, or you are in anyway for the long haul till it get's re-listed.
EIther way, as much as it pains me to see how red my investment currently is, I'm not sure that the price drop justifies the RNS. They were always going to de-list, and actually the matched offer detailed in the RNS is just noise.
I guess I just have to stick it out now as see if the tender or matched offer actually come to bear.
..and possibly the reason for getting this matched offer out now is they are expecting the tender offer to be released imminently. All speculation, but that's all I have left.
At 0.40p my holding is so under water I'm just going to hold until something happens -