ALM.L Share Price (ALM)

Hey, this is the first company that’s de listed on me. I kept my shares and they show up in my trading account albeit of course I can’t trade them. I didn’t request paper share certificates. Thought leave them recorded on my platform may be easier. Is this something I should do? Who would I ask my platform or allied minds direct? Lastly how to we establish what they may be worth and how do we go about trading them? Any help/opinions appreciated

Tuesday 29 November

When is scheduled to delist?

I note, having looked at the Circular again, that consideration is being given to arranging a matched bargain facility. Expect the shares to rally should this be confirmed before delisting.

I would regard the situation as similar to a company going into voluntary liquidation [most definitely not a liquidation due to solvency issues]. The shares will probably still be displayed on your account at book cost but nil value. It is very important to read the corporate action statement from the broker, especially if held in an ISA, as they would have to be transferred out. I'm not sure if they are planning to cancel the CREST facility, but if they are, they will sent paper certificates to be held by your broker.
It also appears that there are no plans to set up a matched bargain facility, so it will be impossible monetise your holding at will.
The plan is to liquidate the holding over a medium term period [18-24 months]. As they do this, they should make returns of capital, which of course will be credited to your account as and when.
In my opinion there is massive value on offer here at the current SP for the patient investor [just look at the PDMR dealings]. I think a 30p total return is a possibility, but I would still be more than happy with double the current SP [9p offer] as I write.
I suspect a lot of people hold these in an ISA and are worried about what happens after delisting so have become forced sellers.