Onward Opps Share Price (ONWD)

Megasteel, which is currently arranging a RTO into TMOR, also looks to fit ONWD's criteria well:-

17th Apr 2023 7:00 am RNS Update on Proposed RTO

"Further to the announcement on 23 September 2022 regarding the proposed acquisition by More of Megasteel Limited ("Megasteel") (the "RTO" or the "Proposed Acquisition"), the Company is pleased to confirm that preparations for the publication of a prospectus and admission of the enlarged group to trading on the London Stock Exchange are now well advanced.

The Directors of More are also pleased to confirm that the Company and Megasteel are currently undertaking an investor roadshow as part of the Proposed Acquisition.

Rod McIllree, Executive Director of More Acquisitions plc, said:

"We are pleased to report that the RTO is progressing well. We are particularly encouraged by the strong level of interest that has been being shown in Megasteel by the UK investment community to date. We are increasingly confident that shareholders can expect completion of the RTO within this quarter, subject to FCA and other relevant approvals."

Nigel Roberts, CEO of Megasteel Limited, said:

"We are very pleased that we are are now in the final stages of the proposed RTO of Megasteel Ltd by More Acquisitions PLC. I have met with several existing shareholders of More and also potential shareholders and I look forward to concluding the process speedily and successfully.""

https://www.lse.co.uk/rns/TMOR/update-on-proposed-rto-54ucf4fr63oezdz.html

The Amocri Group, which is currently arranging a RTO into ROC, also looks to fit ONWD's criteria well:-

15th Nov 2022 3:56 pm RNS Potential Reverse Takeover & Suspension of Listing

"Rockpool Acquisitions Plc, the Special Purpose Acquisition Company ("SPAC") formed to undertake the acquisition of a company or business headquartered or materially based in Northern Ireland or alternative transactions with suitable targets, including those that may not have a direct connection with Northern Ireland, has entered into heads of terms ("Heads") relating to the proposed acquisition (the "Acquisition") of the entire issued and to be issued share capital of Amcomri Group Limited ("Amcomri"), the holding company of a fast-growing, acquisitive group of quality UK Engineering and Manufacturing businesses.

The group consists of nine SMEs acquired over the past five years in those industrial sectors, and has a wealth of experience in optimising business performance.

The Group primarily provides a range of specialist engineering and equipment services to the power, rail, petrochemical, process and production electronics industries in the UK and Ireland. Within these sectors it offers a range of services and equipment to allow asset owners to extend the operating life of key high value critical assets or associated infrastructure.

More recently it has established a second focus area in specialist printing in which it owns a further two operating companies, its most recent acquisition in this sector being Bex Design & Print Limited, a 35-year-old specialist screen and digital print business supplying into the electronics and other industries. ...

Mike Irvine, co-founder and Non-Executive Director of Rockpool, said: "I am delighted that we are able to announce the potential acquisition of Amcomri which is intended to see Rockpool transform from a SPAC into a profitable trading enterprise. Amcomri's track record of successfully acquiring businesses and its wealth of experience in optimising business performance when combined with the opportunities for further acquisitions that a listing should provide, make the Acquisition a transaction that should create value for both the Rockpool and Amcomri shareholders.""

https://www.lse.co.uk/rns/ROC/potential-reverse-takeover-suspension-of-listing-ryf9u6tg0kix1sg.html

This new UK small cap. investing company floating recently is an indicator of currently depressed valuations in good opportunities.

And the checklist of characteristics they are looking for seems to fit NWT (Newmark Security) to a T:-

Newmark Security (NWT) 56.5p Market cap. £5.3M.
https://www.lse.co.uk/SharePrice.asp?shareprice=NWT&share=Newmark-Security

30th Mar 2023 7:00 am RNS Admission to AIM and First Day of Dealings

... Investing policy

The Company will seek to achieve its investment objective by investing primarily in equity and equity-related securities of UK smaller companies that are predominantly listed or admitted to trading on markets operated by the London Stock Exchange, and where it is considered that there is a material potential valuation upside that can be delivered from catalysing strategic, operational or management initiatives.

In order to ensure that the Company is able to maintain its approach of active engagement with investee companies, and to encourage and support value creation, the Company will typically target meaningful minority stakes in investee companies of between 5 per cent. And 25 per cent. Of the issued share capital.

Whilst the Company has no limitation on the size of the companies in which it can invest, the Company typically expects to invest in companies with market capitalisations of no more than £250 million (with a particular focus on those below £100 million) at the time of investment. The Company will therefore focus on investments in the ''micro'' smaller companies sector and on companies admitted to trading on AIM.

Investee companies will typically have certain of the following characteristics:

• balance sheet asset backing;

• a competitive advantage and/or strong management track record;

• attractive cash flow potential;

• visibility of earnings/future earnings improvement;

• potential for liquidity and/or exit in line with the Company's targeted hold period;

• scope for an active shareholder to trigger value creation; and/or

• foreseeable events and catalysts to unlock intrinsic value.

Investments may be either direct investments made by the Company, or indirect investments made by the Company through similar funds or investment vehicles. The Company may make its investments for cash or for share consideration.

Although investments will not be restricted to specific sectors, the Company does not expect to pursue or make investments into companies in the biotechnology sector or in companies directly involved in extractive industries (such as mining or oil and gas).

Whilst the Company will initially seek to take minority stakes in investee companies of between 5 per cent. And 25 per cent. And will not typically seek to take majority positions in investee companies, it will not be restricted from taking a majority position if considered appropriate by the Portfolio Manager.

The Company's portfolio is expected to be relatively concentrated, with a typical investment being between 2 per cent. And 10 per cent. Of Net Asset Value at the time of investment. ...

Whilst the Company will target an investment holding period of three to five years ...

https://www.lse.co.uk/rns/ONWD/admission-to-aim-and-first-day-of-dealings-s4hxfb7rn6fpy7i.html