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Thanks for the list - good to see Interactive Investor are on as sell only - as to when to sell, as always a crystal ball would be good!
It's the only option as an unlisted company - but the previous RNS said it was hoped to be from 9th January - obviously we shall see on that one - I'm sure chat on here will tell all as and when!
I'm sure others will know more than me, but firstly the shares aren't being cancelled - the listing on AIM is being cancelled, but your holding will remain as it is. I think a number of us are now hoping for the cash offer, but it's not confirmed as far as I know. There is however, in my opinion, no need to get a certificate - your holding is recorded by your broker and will remain recorded, the only issue being that shares held in an ISA or SIPP have to be listed on an exchange, so would have to go to an ordinary dealing account.
With the number of shares held by the BOD etc, there is no chance of this not being approved - but I SUSPECT that votes through nominee accounts (II etc) will be aggregated and submitted en-bloc on the last day - so there will be some who vote against at that point. I voted for, simply because I saw no purpose in voting against - as soon as I can sell i will be - my need for the cash now outweighs my faith in the prospects of the company (I still believe in what they want to deliver, but the timescales don't work for me now)
ManUp - I'd suggest that as we will be delisting (yes, I know there is a vote, but it's a given!) the Nomad is simply doing bookkeeping!
TSFO - there are telegram groups for lots of shares - as to the update, an RNS at the moment would be pointless - we had two yesterday - the GM is announced, and the nomad has resigned - what other update would you want bearing in mind no update means nothing to announce?
Yes, the tender offer can go ahead - as can private trades if you can find someone to buy (though I suspect that is a complex process). This chat will (I think) continue to exist - it did for other shares I had which had long term suspension. Tintra website and twitter (x) feeds are good places to look I guess.
Your question cannot be answered without a crystal ball. Tintra is effectively a startup company, and as such is raising money - by NOT being listed it makes it easier as they don't have the background noise of the share price. Any money raised will be done on the basis of owning a bit of the company, so could well involve share issue. IF the aim of the company is achieved, the value of existing shares SHOULD be much higher than at suspension regardless. That said, we are locked in until (at the earliest) we have someone wanting to buy our shares.
Good to see they got my name right (no, they didn't!). Or let the context and other posts get in the way of a good post. For the record, I will make a SMALL profit at £1.50.
Dan55 - we are waiting an announcement - the last RNS suggested it would be coming AND (by my reading) that the company would rather we didn't take it - I'd like to see the BOD do something to convince us that we shouldn't take that offer - especially with the current price of shares and the prospect of otherwise being locked in for an indeterminate amount of time.
For those who aren't clear of the reasons for delisting, look at the last fund raise - the company want to raise money on a valuation far in excess of the current public price - as the price has gone down, this will have become harder to justify - with no share price to act as background noise, it will be easier to do the fund raising they want. That's why (amongst other reasons) startup companys are not usually public listed companies.
My read of it - IF you want to sell, you have a very reasonable chance of getting £1.50. IF you don't, you have a VERY good chance of getting in at a LOW level on what could be a very big company - obviously risk involved, but there are some big players putting in big money. If you could have bought Tesla for the current price would you not have done it. I don't say we will be that sort of company, BUT it is possible! I would HOPE we might see a degree of re-rating on the share price as we move closer to the delist as those who want to hold for 2-3 years will NOT be able to buy at this sort of level again - imho.
We've said before that private investors don't usually get a chance to get in at this stage - this is a start up so could fail completely, but it could also be the next Tesla/Apple/Insert other company here! I'm hopeful that the offer will actually happen, and I think it is just possible that the price might exceed the offer price as PI's take the last chance to buy in. News one way or the other will hopefully be forthcoming this week.
The issue (I suspect) in many peoples mind is that the offer is to end up with a given percentage - currently it's possible to buy shares BELOW the tender price, so maybe they are loading up at bargain prices - meaning that any holders when the offer is made will find there is no offer in place, and holders are then "stuck" in an unlisted share. Which may not be what everyone wants.
SteamyWee - that update was the first of the two RNS's . I'm keeping my fingers crossed that the second one (which didn't have the November timescale) was additional to, rather than instead of, the first one - whilst I still believe in the company, I'd rather liquidate my assets and move on now.
For those asking questions - they are all answered in the last RNS - but to save you reading the two bits that matter are:
(1) Tintra Shareholders should note there is no certainty at this stage that any tender offer will be made. Accordingly, shareholders are advised to take no action at this time.
(2) As is customary under Rule 2.8 ... within the next six months following the date of this announcement
When the RNS came out I said I suspected that the market would not respond too well - seems I was right - the issues are (I think) that (a) we don't know when the offer will come and (b) there is no guarantee that if you want to take up the offer you will be able to do it with your entire holding. So people run the risk of being locked into an untradeable share. That said, once the offer is actually made, I half wonder if the price MAY go above the offer price as people who DO want to be part of the company take the only chance they will have at low level to buy in.
ProfitJock - I like your optimism and prefer your method of reading the RNS to mine - for me, I'm worried that I might get locked into an investment I cannot trade - as you say, it would be in a company that looks like it could be very big, but that worry I think will hang over the heads of many investors. I hope you are right and I am wrong! As I said in my second post, once this goes through those who have the vision won't be able to buy - so your chance is now time limited if you are of that mind.
That said IF you believe in the future of the company, your chance to buy in is now time limited - as long as you are prepared to hold shares you cannot trade it could be a VERY good deal for you.