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O, and we have returned back to trading....
So my 2 pence. The property side is dead. I invested here for the Hydroponics and that now also seem to be going nowhere.
I am however still very interested in why Forum Energy Services took a position in the company.....The now have 18% and think they will over time buy Peterhouse's shares as well....but why buy shares in a company going no where soon.....
Mind you fair punt at 6.5 as a shell. DGI has gone up 8 fold on an investment and some one could buy this dawg and 5 fold is possible.
Yes indeed. Trafalgar a housebuilder in an area that has boomed for years. Millions in revenue. Now 20 a penny.
Splendid news today. I am heavily invested here.As far as i can see we now have £940k to invest in hydroponics in some obscure country we havent heard of,whats not to like! dl
This is a total kipper! As per RNS the plan to create vertical farming in the uk has now been cancelled due to high power costs. So all we are left with now is a shed! In terms of the sales figures on properties to not forget their are mortgages to redeem this share is one to avoid
It has to be up given 940k received and project at the end of last fix. I say on schedule looking at the photo late October. Not reading any direction after that.
I honestly thought i had said goodby to my investment here. They should now return from suspension, at probably a slightly lower price.I am still up for the hydroponic journey. dl
Should return to trading then Monday hopefully. I had written these off
2 rns
Accounts due by end of December 2023....hopefully should be published soon and suspension lifted.
The latest RNS on this:
"Total Voting Rights
On Admission the Company's issued share capital will consist of 400,852,371 ordinary shares of 0.1p each, with one voting right each. The Company does not hold any shares in treasury. Therefore the total number of ordinary shares and voting rights in the Company will be 400,852,371. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules."
Also not sure what to make of this: On companies house it states next accounts are only due......
Next accounts made up to 31 March 2023 due by 30 December 2023
It's showing over 600k shares in issue. Thought is was originally 297k plus the recently issued ones which definitely wasn't 400k.
Well at least with it suspended the share price cant drop any further......
Porter,
Fingers crossed. I took a punt here on Friday (the last trade reported was my buy) at 260K market cap-I hope it proves to be a win -otherwise it is money I can afford to lose if it doesn't come back from suspension.
Just read this and thought something similar could be going on here at Traf:
https://news.sky.com/story/challenger-bank-redwood-to-go-public-as-rowland-engineers-r8-tie-up-12974340
100% agree uNkwnTrader......so disapointing.
Well, this one has hurt big time, thousands to hundreds, a familiar story for many.
Hi Bigcheesy.
I answer to your question - it might do. But I initially though that FES were buying the brokers shares, shares that were also issued at 0.1. So I didn't think that the broker would be selling their shares at a loss. They might be, or it might just be PI's selling as you mentioned. This would allow FES to get in even cheaper and then allow a take over at even a cheaper price.....I guess only time will tell....
Well if those new shareholders were not around I would too be wary of holding this for suspension, but it is a bloodbath atm, so many stocks getting suspended, on my holdings alone I have FCS OPG and TRAF getting suspended next week, I've just had my biggest holding return from suspension of 10 months for not getting accounts out, no wonder everybody day trades now, holding is fatal lol
Hi Kwota, I do enjoy reading your thoughts on this and just smell a bit with how the accounts have not been done in time as cannot be that much to go through.
However your point 2, does this not help FES dropping the price so they can get their 30% and then offer existing shareholders 50% 60% premium to the weighted average if held down here? Then they would only be paying 0.01 or 0.012 anyway.
This company has been around a while and the current directors have made a few quid before and I see this bouncing from these lows when it returns and could/should just be a few days/weeks to get eggs aligned.
The smallest sniff of RTO would double treble the share price from here the same about our current business if there was a positive update there.
I appreciate many people won't want money tied up hence getting what they can but compared to some of the other gambles out there this seems to be one of the better ones out there.
I have only a small chunk in here but see any company that is listed and less than £300k mcap as companies to take a punt on purely because of the value of being listed for RTO purposes.
Just my opinion, good luck BC
Just my opinion but I do not think they will delist. There is no value in the company at present so they will not gain anything out of delisting. This it turning out to be a lifestyle company and lifestyle companies need to keep themselves listed as they pay themselves out of raising funds all the time.
The company wont last if they delist.......
I've got 2 different hypothesis here (total speculation):
1: This suspension was a ploy to drop the price so that FES can buy in even cheaper..
2: Current Directors aren't happy with the new investor (if they are looking at taking over) and they're trying to scare them off.
All speculation, and as have been shown so many time especially with this share I'm probably totally off and they delist tomorrow :)
Sold out at a 30% loss.
Looks like a convenient way to start the delist process
How can there possibly be a delay in this audit,beggars belief.
Well they recently were gifted £125k of free money.
Also all these so called property deals,where's the transparency?
Another AiM scam.
I very much doubt they'll come out of suspension.
Take out what you can
Very disappointed
With Mcap of £270k I suspect the Directors will propose taking this private for a minimal sum resulting in cancellation from aim.