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Started: TraderJohnsss, 17 Jun 2024 11:48
Last post: Kwota, 17 Jun 2024 15:15
My takings from Onetimes post below is sometime between now and end of August....if there's no delays
On when we might get news on this?
Started: Jammy2500, 6 Jun 2024 06:23
Last post: Cando66, 16 Jun 2024 16:13
Come on traf
Seems like slight update on timing (but also is probably quite useful for our own timelines)
Pursuant to the Agreement with Esboz, the deadline for settling the sale price was extended from June 30, 2024 to August 30, 2024. The change in the deadline results from the prolonged procedures for listing an entity on the UK stock exchange.
Probably trying to get a deal done asap as it will sit in the way of the RTO.....
£800k is still above the Mcap atm.
This deal looks interesting and potentially promising especially due to the loan that's already been done.
Currently we have 401m shares at 0.0645p each which is just under £260k value.
Let's face it that's very low and cheaper than the cost to add a new listing in the market, which is probably why the RTO is undergoing talks.
From the post the other day the ESports company was brought out for around £12m from its parent company. And have already provided a no strings loan equivalent to our pre suspension Mcap.
I'm not 100% sure on how RTO's work but have checked a couple of sources and these are worth a read;
https://www.investopedia.com/articles/stocks/08/reverse-merger.asp#:~:text=A%20reverse%20merger%20is%20when,of%20its%20board%20of%20directors.
https://www.investopedia.com/ask/answers/040815/how-does-merger-affect-shareholders.asp#:~:text=If%20a%20publicly%20traded%20company,sold%20to%20the%20acquiring%20company).
The second link suggests that current shareholders will just be paid out from the agreed value of the takeover, which could mean hardly any rise, and just getting 0.0645p a share, or they could pay a premium and we may get a little more.
Other bits in these suggest that the private company will take majority ownership and shareholders will continue to own shares at a lower % ownership, I believe this would mean the number of shares would increase substantially (let's say they issue 1600m to the RTO, and therefore the current 400m are worth 20% of the new business.
If the new business is worth £12m that would value the 20% at £2.4m which is nearly 10x the current Mcap.
I don't think this will happen, but I do think if the deal goes ahead we will either be paid or have share worth between 2 and 5 times the suspended price.
If we have shares in the new business they could see a good rise afterwards as well.
If not I may buy some back anyway...
It's also interesting to see that an RTO is often used to be quicker to listing a company rather than the usual IPO process, and is more likely when the private company doesn't need to raise cash.
So it could be done in 30days... although I think 3 months would be good tbh.
Good luck holders. Fingers crossed
Though broadly irrelevant now maybe given the RTO - house dropped to £800k from £830k.
https://search.savills.com/property-detail/gbtwrstus230461
Started: TraderJohnsss, 3 Jun 2024 12:18
Last post: Techtonic, 4 Jun 2024 13:59
This is all starting to sound very interesting - and quite exciting!
Thanks for the info, OneTimePost
Good info, thanks.....
And to add now find that ludus is a polish entity which late last year agreed to sell all shares in ECap Esports ltd (the esports gaming part of the business) to esboz (all linked) ..
Translation of document below..
Report content:
Management Board of LUDUS S.A. based in Warsaw (hereinafter: the Company) informs that today, after the Extraordinary General Meeting, it concluded an agreement with Esboz Limited based in Great Britain, under which it sold 101 shares constituting 100% of the shares in the Company's subsidiary - Ecap Esport Ltd. based in Great Britain, for the price of PLN 63,690,158.69.
Moreover, the Parties allowed for the possibility of settling part of the sales price through the Company's purchase of shares in Esboz PLC, but such an option will expire after June 30, 2024.
SIGNATURES OF PERSONS REPRESENTING THE COMPANY
Date Name and surname Position/Function Signature
2023-12-14 Fredrik Pettersson President of the Management Board.
What’s very interesting is that value is around 12.5m GBP!
This is really positive to hear on the loan - and how swift it seems to have been agreed and sorted too
The more I am digging/ reading it does sound like it could be a very interesting play for us investors.
The ludus app seems to suggest they have already
-partnered with leading brands for cash back opportunities on the app.
- integrating with fifa (though I’m not sure if this is agreement or can be done by anyone)
- more interesting is the links to banking and the experience of the directors.. this is looking to me like there is a fintech element here also which could get a lot of attention (I know I joked sometime ago about a GST style rise - also fintech investor- but this may have similar potential) plus if it does go mad ironically we already have a lot of the potential ramp types locked in so may also help with the boost straight away!
Someone mentioned similarities to GILD but to me this is a different play with software, banking etc.
not going to get over excited but if it comes off then the potential is here for something big.
All the best
Agree
Well it's a step in the right direction.
They are still being very clear in the RNS that it's not guaranteed, but the actual news shows commitment which is good.
Hopefully they will continue to update regularly with news when things happen.
Good luck holders.
Great RNS, 250k with no strings attached. Commitment from Ecap
Rto
Started: john389, 31 May 2024 04:21
Last post: Onetimepost, 31 May 2024 14:34
I’d also say as being here for a while (not as long as others might add) that even if Thai takes 6 months probably better than BAU for TRAF considering it’s been bumbling along for sometime it would likely continue to.. so oddly quite happy even if take some time
If this App is as good as it purports to be in the media and their negotiations are successful with the leading software gaming companies than it should do very well
E-Sports are have been gaining popularity and growing a lot over the past few years.
This could present a very interesting opportunity here.
Still cautious due to it being preliminary talks at a very early stage, but if everything lives up this could come back from suspension with a significant increase.
Can't do anything until it's sorted though, so just hope it's 3-6months and not 2-4years 😂😂
Hopefully they will keep the market as updated as they can with any news ... but not sure we will hear anything until a yes or no tbh.
Good luck holders. I hope this comes out with a fresh start and a mcap in the millions 👍
The link is about Ludus
As well as a global gaming platform you can buy NFTs use the E-Wallet facility win financial rewards and provides other services.
Started: Torino, 30 May 2024 08:54
Last post: Techtonic, 30 May 2024 17:28
Chris Akers was /is involved in Semper Fortis ESports, not this (as far as I know)
I think this Traf RTO could be quite interesting.
There's the obvious chance it could all fall through, there's a chance our share holding could be obliterated in the deal, but there's also the mouth-watering chance that if the Market accepts circa £3Mill intangible assets, and they carry debt forward as a tax loss, it could get fruity.
Since Traf has a MC of circa £300K, a new company with a market cap of circa £3Mill sounds rather good.
Whether this Traf management have the nous to pull it off and whether the market accepts it/ we get a fair share distribution, is another thing.
It’s the platform that’s the intangible asset not the games ! They are apparently in negotiations with leading software gaming companies and they give the impression it’s ready to launch .If the negotiations are successful then these will fly on the ipo date .If chris ackers really is involved, which i doubt as there is no proof, then who knows what the opening price will be! Let’s hope the negotiations are successful !
I hope they are doing deep dive due diligence - £1.26m debt with circa £4m attributed to intangible assets (the games) that are not on the market! We all know that there are thousands of games already available.
BC
From what I can see, Ecap Esports have 2 apps linked to gaming. One historic and one in development. They have values prescribed to them in accounts so the obvious question is how were they arrived at?
Better no deal, than buying inflated 'assets' for me.
I have researched thoroughly and can’t see any evidence that Ackers is involved.Past experience that he may have tried to take over Traf is not evidence that he is involved in the proposed company rto ecap esports ! Wish it were true but you can’t assume without factual evidence
If the RTO doesn't happen it will just return back to trading as per normal. It depends what you think of as coming back lower as it's pretty low already. The price only went up to 6.4 because of people knowing about the RTO before it was announced. Before that it was trading at 4 which comes in to around a £250k market cap. So I would assume it will return back to that.
Unfortunately they wont give you an indication of timelines and I think you are correct this is not going to be a 3 month turnaround. Might be min of 6 I think. They do have an agent one could email and ask these questions to. He's been pretty good over the years but might just come back to say he can give any further info at present....but always worth a try
Not reading that RNS as great tbh.
Talk on RTO still in preliminary stages, seems like it could take a while before anything happens.
Any views on what might happen if the RTO doesn't happen? I'm guessing this will come back at a lower price if that's the case, but happy to hear opinions.
Wish they could give some idea of the timeline they are working towards.
Good luck holders
Started: Robsaunders99, 29 May 2024 14:11
Last post: Cando66, 29 May 2024 22:42
I believe the whole of the stock market is fu**ed tbh now days
This used to trade at over 6p, what a dog of a share
I can’t see how he arrives at that ridiculous claim that prefaces his report which i won’t waste money on opening!
Wineruth maintains this is negative networth which in my opinion is total bull .From my understanding it is the opposite! Any comments?
Justify your post? you know nothing about the proposed transaction!
Started: Villafan222, 29 May 2024 12:23
Last post: john389, 29 May 2024 14:12
They are intangible assets though and not cash property etc
Think the piece stating finalising negotiations with large e gaming software companies and value exceeds equity values of today.. sounds very promising if it’s continued (in abridged accounts) .. didn’t think would be esports but could actually give decent return in the end if all comes off.. assets seem to have some value from balance sheet too.
If that is it than it looks like a unique offering and could do very well
If that is it than looks like a offering and could do very well
Looks interesting! But cant find the actual app, so it might not have launched or has already been taken down...
Started: Kwota, 29 May 2024 12:28
Last post: Kwota, 29 May 2024 12:28
Well what do we have here...
Firstly I think you are correct Davey these pumpers got themselves locked in as they could not have known this was happening....happy for them :)
Then we have been talking about an RTO for ages since Forester got involved, but could not have foreseen it being an Esports company. Not had much time to look into them but it doesn't look like there to much going on at present. It seems they do have some rights on some system allowing people to compete etc. but it's not active at present.
Not sure if Forester is involved in this one, but at least it means something is finally happening. We might see some of the existing Directors move on especially on the Hydroponics side of things.
I'm exited that we finally have some news and looking forwards to seeing what it brings. Been here for a while with a much higher average than the price currently but do have some skin in the game. So if it does all work out I might be able to buy that house in Portugal :)
Started: TraderJohnsss, 29 May 2024 07:31
Last post: john389, 29 May 2024 11:15
Esport gaming ? can’t find anything on it!
What’s the nature of their business?
Reverse takeovers can take anywhere between a month and a couple of years.
Looking at Ecap Esport Ltd though there's not much info available and they've not been around that long.
My guess would be that if they want to be on the aim market they want it done relatively quickly, so am hoping it's only a few months.
Good luck holders
Who says a year?
All hot money. Telegram had zero idea of this suspension and deal just a total fluke this news has come out. Lot of traders have trapped all their money in this now, they might come out with a nice profit but they would have rather have dumped today for £50-100 than held a year for a potential £1000 profit.
Started: molatovkid, 29 May 2024 09:35
Last post: john389, 29 May 2024 10:40
Found the info but no details exactly what they do
Can’t find pages 4 and 5 ? is this an Esports company? what do they do ?
Https://find-and-update.company-information.service.gov.uk/company/12942958/filing-history
15th November 2023 pages 4 & 5 details the 2 platforms Esports has and the future plans they had at time of writing.
Started: Sharebel, 29 May 2024 09:27
Last post: David6576, 29 May 2024 09:32
Suspension any time here.Added up UKOG
TRAFALGAR PROPERTY GROUP PLC
("Trafalgar" or the "Company")
Statement re recent share price movement, Suspension of trading on AIM
The Board of Trafalgar (AIM:TRAF), notes the recent movement in the Company's share price and confirms that it is in preliminary discussions regarding the possible acquisition of Ecap Esport Ltd by the Company.
Should such a transaction proceed on the currently envisaged terms, it would be classified as a reverse takeover in accordance with Rule 14 of the AIM Rules for Companies. Accordingly, the Company's shares are suspended from trading on AIM with immediate effect and will remain so until either the publication of an admission document setting out, inter alia, details of the proposed transaction or until confirmation is given that these discussions have ceased.
Shareholders should note that the proposed acquisition is still under discussion and subject to a significant number of pre-conditions, including diligence, and there can be no certainty therefore at this time that the proposed acquisition will proceed as envisaged.
Further announcements will be made as appropriate.
For further information please contact:
Started: Techtonic, 28 May 2024 19:56
Last post: Techtonic, 28 May 2024 20:14
Ps BC..
Why would directors want to take a company private with nothing to its name but one house!
Many people have got more in value personally than this company has to it's name.
Traf is a basket case of a company. I know quite a bit about it from yesteryear..
There is going to have to be some sort of share re-jigging here. Could be good or bad for shareholders. (And let's face reality - look at the share price and there's absolutely no chance they're going to get a decent hydroponics business ..look at LST for that)
HOWEVER - there is a chance to make good money here. This is a business with only one house to its name!
But with the house being listed at £830K , the market cap would almost triple if they sell it.
It's happened before with this company so worth a punt
HOWEVER
Oh no pump and dumper skier has arrived beware check out Ovb many lost fortunes on that shocking ramp
Up +21% now. Looking ready for a leap up here.
Getting the pump treatment on the back of other decimals having spikes so keep an eye we might get a chance to sell a few at a nice profit
Although I agree with you i.e. the company situation, there is no reason for the FCA not to let this trade. Accounts are up to date, they are compliant in all other ways. Not making any money ever is not a reason for the FCA to suspend them. As long as they can show they are a going concern there is no reason for the FCA to get involved.
On another note, I see we have further sells this morning, dropping the sell price to 3.6 now. Tried a small dummy buy and they are still asking 4.3.....
They just trying to squeeze every last penny out of investors before it goes bust, should never have come out of suspension ! In fact FCA need to be questioned over that decision
Started: dormanlong, 21 May 2024 07:54
Last post: dormanlong, 21 May 2024 07:54
I see the agents have the house for sale now at £830,000,down from £880,000, dl
Started: Onetimepost, 30 Apr 2024 10:44
Last post: Kwota, 30 Apr 2024 11:49
Good spot. Interesting indeed. Lets see if we have some large trades in the next couple of days or just simply a nice little RNS..
I see Paul Forrest has stepped down from Angus now to pursue other interests.. wonder if this could start to move now (providing he is still holding under one of the nominees)
Started: dormanlong, 25 Apr 2024 19:23
Last post: dormanlong, 25 Apr 2024 19:23
RTO, Hydroponics, quick sale of £880,000 house near Tunbridge Wells, not fussed! at .042p its worth a gamble imho. DL
Started: dormanlong, 25 Apr 2024 08:41
Last post: Onetimepost, 25 Apr 2024 13:47
Nice holding! Dorman what’s your thinking here.. RTO also?
Kwota you are correct,a buy. I now have 2,99%. the shares are with Intreactive Investor account. DL
Started: Onetimepost, 23 Apr 2024 16:45
Last post: Kwota, 25 Apr 2024 08:31
I assume the £4k trades this morning is a buy....
The only reason I can think of is because he went below 3%, which is then not notifiable anymore......But he was obviously selling from a much higher position percentage wise.
Having a look again I notice the date from 3rd (which does align with website and when it was updated) why it’s taken so long I’ve no idea .. maybe tardiness? Kwota did say him they responded saying they didn’t need to put out rns so why they do this now three weeks later is beyond me?
I do not understand that RNS and holding or am I having a stupid moment, can somebody explain ?
So forum must still be in then if they announcing the small % sale from Johnson then.
The seller's percentage drop is odd. Why the long wait for updates?
Started: Kwota, 17 Apr 2024 13:55
Last post: Onetimepost, 19 Apr 2024 01:03
Agree kwota looks as though the 50k worth of shares has been added giving him the circa 133m shares (guessing he paid the 50k to johnson then?)
Only can see from accounts so not sure how accurate shareholder info is but does seem quite a significant change and new number of nominees.. forum their previously and should have around 12% now with dilution but seems to have been a lot of movement in large % holders?
Yes it was updated to now include the new shares. Somehow Mr Threadaway has moved up in shares considerably. I can only assume the £50k that was subscribed to him he kept in shares....and the same for Mr Thorneycrofts £10k.
Has that list changed in last few days. I'm pretty sure Bank of New York was the biggest holder last time I looked ?
Can’t get my head around it on the RNS.. presumably forum haven’t sold then (but % has been reduced due to new shares?)
On Peter wylde wonder if it’s any link to DALLASWYLDE PROPERTY INVESTORS LTD.. seems like would match up in property aims?
Do we know who is Peter Wylde?
Started: dormanlong, 17 Apr 2024 09:42
Last post: dormanlong, 17 Apr 2024 09:42
The 3m deal was a buy not sell. DL
Started: dormanlong, 17 Apr 2024 08:47
Last post: Onetimepost, 17 Apr 2024 09:03
Good to see more buyers with same hopes/ ideas of RTO.. think this has to be the play here.
My friend took his stake to 2,99% this morning,as the buy price had dropped, still hoping for foreign hydroponics or cash shell, not too optimistic with the property side, bol DL
Started: Onetimepost, 17 Apr 2024 08:28
Last post: Kwota, 17 Apr 2024 08:39
Nice 11m buy popped up....
Volume uplift this morning.. more happening?