Member Info for Albert82

Guesswork, but hese are probably reported by one of the App traders, possibly T212. They internalise a lot of small trades rather than deal in the market, but they do have to report them. They may have had a lot of small sell orders and one of their clients has just put in a 10,000 buy order, so they all get filled.

I know they offer out of hours US trades and even fractional trades, so they can only do this by internalising or essentially Principal trading.

If The Duke went from 7.6% to under 3% he sold at least 230 million shares.

Market makers wouldn't absorb that number without completely crashing the price, so surely someone must have bought them.

Mate, I think you need to get out more. 😂

Their bank balance isn't relevant to the takeover process.

People on here were asking how they can hold private company shares in an ISA. I'm just trying to explain the takeover process.

To simplify, if the cash offer is accepted, there will probably be one option to current holders. You will all get £1.50 per share and that will be credited to whatever account you currently hold the shares in. You need to do nothing other than to find somewhere else to invest your money, although for me this is the final nail in the coffin of AIM stocks. Mostly run by cowboys and about as well regulated as the Wild West.

looknofurther, i'm not sure what you mean.

newuncle, very unclear what they mean by ************** alternative, but usually if there are options (ie: choices) on a takeover, the default option will be cash. if you want to opt for the alternative, you would have to advise your broker to sort this out.

I spent my entire career working in stockbroking and I have only ever seen takeovers processed as follows.

There will be a vote on the takeover which will be approved or rejected. The outcome will apply to ALL SHAREHOLDERS. It looks pretty certain that it will be approved and therefore all shareholders will get £1.50 per share. However your shares are currently held, these will be replaced by your broker with the cash amount.

Away from our prying eyes, a new private register will be set up to reflect the holdings in the private company.

John M

I would avoid anything Lenigas is involved in.

I also have doubts about the future of miners. It's become a massive arms race to build the biggest fleet of machines and that will invariably be funded by dilution. There are going to be successes and failures, but hard to tell which at the moment.

I have been buying Microstrategy. They hold about 130,000 Bitcoin and therefore are effectively a Bitcoin proxy. You can hold the shares in a SIPP or ISA, which solves the tax issue.

Ragnarr, no worries, I assumed you were as confused as the rest of us! ??
I've been invested here since 2017 so hopefully someone has finally picked up on what so many of us believe.

Ragnarr, thanks for the link, but that doesn't seem enough to boost us by 40%, after all, this is what we've all been looking at for several years now.

So none of us has a Scooby why we are up 40%?

Interesting to see how little reaction there has been to the post Jubilee Covid Spike. However, whether Covid is morphing into a flu type condition in terms of the number of deaths, COPD is going nowhere.

I don't believe I'm alone in thinking that maybe we should focus on COPD, which is more likely to make Synairgen a serious player.

A couple of interesting threads today and of course we have to guesstimate figures at this stage. However, that's the main reason many of us invest in newer businesses.
Clearly any decent company should be expected to trade at a multiple of NAV. They are not expected to stand still and I invest in the future otherwise you'll miss the boat.
Now I don't expect to to see anything remotely close to the 10,000% rise we saw between 2020 and 2021, but in the early days, this was a highly speculative investment.
The difference now is that Argo have established themselves, have developed partnerships and, above all else, have assets against which they can borrow rather than dilute.
Good luck to the many genuine investors out there (in this and any other stocks)

Chaebol,

I assume you'll be publishing your address as promised yesterday. You wouldn't want to be accused of welching would you?

I was referring to the new trolls who have cropped up.

You are one of the bad smells who have been hanging around for ages.

I don't post here often, but considering the recent nosedive, I find it very encouraging that the trolls still feel the need to try to undermine SNG.

For the record, I'm a substantial holder, horribly down, but still holding on.

Thanks to the informed posters on here helping keep our peckers up and, of course, Polygon.

I assume you four can't read either. No ramping from me.

If you three feel this way, may I suggest you should be gone? I guess you all have nothing better to do.

HSD
When you say "Either way, it means the strategy for whether to buy, sell or hold that 22.5% is Polygon's decision (and not some amateur investors with barely half a clue between them)" I assume you mean most of us on here.. :)

Nominees hold shares on behalf of clients. If Hargreaves Nominees holds 18%, that just means that a load of PIs hold shares.

A TR1 is reported by the actual beneficial owner, so if Polygon say they own 22.5%, that's what they own. The RNS implies that they hold some with Aurora Nominees and some with JP Morgan Prime Nominees. (I think)

A few posts here with incorrect advice on takeovers.
I'm not suggesting there will or won't be one, but just re-posting Alkin's thread with the takeover panel details.

alkin

Today 12:53

Posts: 622

Price: 30.08

No Opinion

The Takeover Panel
When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).
https://www.thetakeoverpanel.org.uk/the-code/download-code