Member Info for angstrom

Does anyone know what happens to our shares if they get de-listed from AIM and have to reapply as a new entity?

A reverse takeover is any acquisition or acquisitions in a twelve month period which for an AIM company would: — exceed 100% in any of the class tests; or — result in a fundamental change in its business, board or voting control; or — in the case of an investing company, depart materially from its investing policy (as stated in its admission document or approved by shareholders in accordance with these rules). Any agreement which would effect a reverse takeover must be: — conditional on the consent of its shareholders being given in general meeting; — notified without delay disclosing the information specified by Schedule Four and insofar as it is with a related party, the additional information required by rule 13; and — accompanied by the publication of an admission document in respect of the proposed enlarged entity and convening the general meeting. Where shareholder approval is given for the reverse takeover, trading in the AIM securities of the AIM company will be cancelled. If the enlarged entity seeks admission, it must make an application in the same manner as any other applicant applying for admission of its securities for the first time.

FWIW, this is the view from Trading Central, technical analysis published yesterday. They're often right ... but not always. As of today AAL has fallen off a trend line that has been reliable since mid-September. Just now it's dropped below the Oct 28 support of 1084. Anglo American ST: consolidation Our preference: as long as 1158.00 is a resistance, a decline towards 990.60 and even 895.00 seems likely. Alternative scenario: above 1158.00, look for 1400.00. Comment: the stock is close to a resistance at 1158.00. On the upside breakout of this level, Anglo American could reach 1250.00. On the contrary, the stock may shape a corrective move with 990.60 as first target. Trend: ST limited decline; MT bullish. Supports and resistances: 1400.00 ** 1250.00 ** 1158.00 *** 1110.50 Last 990.60 *** 895.00 ** 810.00 ** --- TRADING CENTRAL is a commentary service specialising in technical analysis.

Chicken-hearted Shorter? What weird language. But maybe you think there's something brave and stalwart and 'admirable' about holding a position while it's going south? Good luck with that. Personally i buy and sell shares, I don't marry them. I went short as soon as it broke the September uptrend on friday and i assure you I'm feeling pretty good about that call this morning. Lots of different ways of playing this game.

Trading Central posted this on the 31st: Anglo American ST: turning down Our preference: as long as 920.00 is a resistance, a decline towards 763.00 and even 695.00 seems likely. Alternative scenario: above 920.00, look for 1075.00. Comment: the daily indicators are turning down and are calling for a re-test of the 695.00 area. Trend: ST decline; MT bullish. Today we got a bounce off key support at 765 and another boost at three o'clock when the dollar tanked so might avoid further falls. Watch out for tomorrow's non-farm payrolls at 13:30 and hope for a weak print (below 180k). Then the dollar will fall further and AAL will go up.

starts to look bearish to me. If it falls again tomorrow we may get a bounce off the trend line at 700 but my guess is we'll see £6 before we see £9. Not optimistic about July 28

FWIW, this is from Trading Central, technical analysis: Anglo American ST: the upside prevails Our preference: as long as 695.00 is not broken down, we favour an upmove with 878.00 and then 925.00 as next targets. Alternative scenario: a penetration of 695.00 would call for a consolidation to 630.00 and 555.00. Comment: the daily technical indicators are bullish and do not show any reversal signs.

when the dollar shot up with the payroll numbers. I was short from 760 so made a tidy profit but it's come back up now. We might still see £8 next week. Good luck all.

until it fell off a cliff at 3.00 - anyone know that's about? couldn't find any particular news although copper took a dive at the same time

highest recent target is only 700, all the rest 500, 400 and lower. definitely short if it can't break 815

look at all those buys! highest trade price since June! above the ask! oil price rally! we're going up! no stopping us now! er, apart from nuclear Armageddon, carnage in syria etc etc

now all we need is the small matter of pumping some oil. Average PE ratio for this sector is over 70 so lots of room for upward movement there ...

Where is everyone? Drinking champagne i expect...

Shareholders are hereby advised that the Company has entered into an expression of interest ("EoI") dated 19 February 2014 with The Instituto De Gestão Das Participações Do Estado, an entity that manages investment portfolios and shares on behalf of the Government of the Republic of Mozambique, and The Public Investment Corporation (SOC) Limited to investigate gas opportunities relating to the future distribution of gas in Southern Africa. The purpose of the EoI is purely to govern the preliminary discussions, and formalise the relationship, between the parties. These discussions are at a very early stage, with the intention of concluding a formal memorandum of understanding by the end of March 2014.

http://www.bdlive.co.za/africa/africanbusiness/2014/02/21/igepe-pic-sacoil-to-explore-investment-possibilities-in-mozambique

... all the short term people who bought < 2p will have taken their profit and gone home and then this baby could really take off. Incredible how resilient the SP is even on days with far more sells than buys. Tells me that the MMs are confident of unloading those shares at a better price down the road. Some people just didn't get the memo about 5.5p. Good to know that over 73% of shares are owned by either SA Government Pension Fund or Gairloch, neither of whom will be selling in the short term. Keep the faith!

This show could run and run! Interesting that they're keeping the spread so tight. Previously above 3p had a .25p tick. 4.1 sounds good but no reason not to be aiming for 6p+ IMHO GLA

where did you hear of a takeover? naturally i'd take 12p in a shot but I'd hate to think that this rally was fueled by some loose talk of a pie-in-the-sky takeover bid...

Of course you can 'stick to your target' - you won't go far wrong, but your target may have been a tad unambitious. Others will tell you to 'let your profits run'. In this case, I prefer the latter bit of home wisdom. In any case this has been the best month for SAC for a very long time! GLA

They will do if there's any volume but that's totally driven by news. Should be a 6 month trading update soon which probably won't say much, as effects of the share issue won't show until the next reporting period. So we're back to waiting waiting waiting for them to actually break the ground in either Nigeria or Congo and just pray they find oil.