The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Sue Ellen Ewing = Penny Searles?
Wouldn't it be a shock if when they give their next results presentation they're all wearing 10-gallon hats and bootlace ties!
yes i am in one of those
the cowleys hold a decent chunk
anyone know if the cowleys and jw get on????
this could get like Dallas
Jr = jw
bobby =
who was the other guy cliff?????
HARGREAVES LANSDOWN 3,705,652 (7.42%)
HSDL NOMINEES 2,134,001 (4.27%)
INTERACTIVE INVESTOR TRADING LIMITED 1,622,344 (3.25%)
BARCLAYS STOCKBROKERS LIMITED 1,504,506 (3.01%)
Presuming these are holding for private investors who use their platforms?
At 27/4/20 (per Trak website):
"MICROLISE GROUP HOLDINGS LIMITED 10,000,000 (20.01%)
MR J F WATKINS 7,768,768 (15.55%)
EDRIC PROPERTY & INVESTMENT COMPANY + Related Parties 3,815,000 (7.63%)
HARGREAVES LANSDOWN 3,705,652 (7.42%)
MR J HEDGES 2,438,766 (4.88%)
MR T COWLEY + Related Parties 2,268,127 (4.54%)
HSDL NOMINEES 2,134,001 (4.27%)
MR M COWLEY + Related Parties 1,994,203 (3.99%)
INTERACTIVE INVESTOR TRADING LIMITED 1,622,344 (3.25%)
BARCLAYS STOCKBROKERS LIMITED 1,504,506 (3.01%)
Shares not in public hands: 47.7%"
thanks all gets very interesting
mircolise 20%
jw 15% i think
endric (clarke family) 10%
cowley bros and fd few more %
in thoery mircolise cant really lose stock goes up make on the 20% jw more likely wanting to take a profit
see how we close out the day
From Investopedia:
A reverse takeover (RTO) is a type of merger that private companies engage in to become publicly traded without resorting to an initial public offering (IPO). Initially, the private company buys enough shares to control a publicly traded company. The private company's shareholder then exchanges its shares in the private company for shares in the public company. At this point, the private company has effectively become a publicly traded company. An RTO is also known as a reverse merger or a reverse IPO.
Microlise's Raza exchanges shares in Microlise for those held by the board of TRAK. Microlise then have control of TRAK. TRAK can then acquire the shares of Microlise in return and rename itself Microlise and be listed without all the expense of an IPO. The board of TRAK are happy as they now hold shares and options in the merged company.
"how does a rto work??" I think ashbarrett has ideas about how this might work.
But however it is carried out, I doubt if JW would accept less than around 50p per share (this is the price which the shares must reach before the directors’ share options issued at 33p may be exercised in 2022).
how does a rto work??
i think mircolise turnover £50 pa
Trying to second guess what Raza, Microlise and Trak might or might nor be hatching, and the financial implications of all that, is making my head explode.
I think I'll just sit back and enjoy the ride for the time being!
Pianista, if you are referring to my posts about why Raza bought shares it was tongue in cheek (I was just coming up with far fetched bear reasons)
I said from the beginning when Trak switched to the same auditor as microlise there is a RTO on the horizon. Get the financials perfectly aligned and fully understood by your own auditors and a lot of your due diligence is already done. It will be interesting to watch this over the next 6 months.
Can't see it either, Pianista.
Looks like we've settled here though, following his top up, which as has been confirmed drove up the price over the last couple of days.
I would like to see some buying from the new directors. Seems a little off (although there could be good reason - no cash to hand etc...) that they haven't made even some token purchases.
Can't see how Raza's purchase could have anything to do with getting Microlise out. They are never going to be able to get shot of 10,000,000 shares on the market.