Member Info for ART123

They cannot get the company cheap if the shareprice is pushed up by PI's buying shares. They will have to make an offer to reflect the higher shareprice. Give it a couple of days and we may see 50p or 60p or more. Still quiet at the moment.

62p on IPO just over 2 years ago. Revenue/profit up at least 100% since then. No dilution since then. Only 26.9 million shares and 11.7 million in free float. Just need people to wake up to the upside here.

It'll only go for less than it's current value if the AIM market and PI's let it. Look at AST recently. That got pushed so high the Buyers pulled out. The management know the fair value hence why the CEO hasn't rushed in with a derisory offer. The market now has a chance to re-value SYQ to somewhere near its true value.

No-one here as yet. Maybe most of the dealing websites still have this on suspension.

This is not available to trade yet on Hargreaves Lansdown. It's still suspended there. Luckily I managed to get some on Interactive. Got to get to at least 60p in next few days. D Cotterell paid 66p for his and he's the Independent Director overseeing this.

It's a lot easier to value a company that is in profit as against most of the loss-making AIM nightmares. At the moment SYQ is trading at 2.212 X P/E. This is ludicrously low. At the time of floatation, just over 2 years ago, the current management valued SYQ at £14.4M at 62p per share with 23M shares. That was at about 15 X P/E as the revenue and profit has more than doubled in the last 2 years. There hasn't been any dilution since with the extra shares (there are now 26.9M shares) issued to pay for an acquisition. Cash or trade receivables don't need to come into the equation for valuation and there is no debt. We just need revenue and profit. Last full year the profit was just under £2M so at say 10 x P/E that would give a valuation of nearly £20M or 74p per share. This year half-yearly profit was £1.38M and the trading statement yesterday said business was good and that "the profit before tax for the year is expected to be materially ahead of market expectations". The definition of "materially" is "significantly" or "substantially" so for the full year profits could be in excess of £3M (or more). £3M at 10XP/E gives £30M or £1.15p per share. The management know what SYQ is worth. The game now is to make sure they pay what the company is worth and not what the AIM market thinks it's worth. Only 11.7M shares in free float. No debt. Trading in profit. "The Directors expect to be able to report further growth in 2016, as the year has got off to an encouraging start." There has been no offer as yet so there is an opportunity for this to rise so a sensible offer is the only option. All just my opinion.

For the first time today the spread is showing buys as sells. Otherwise it's been accurate so far. Anyway with very short supply of shares, no big holders looking like selling and 3.1 million buys and only 300,000 sells it's bound to move up.

19.93% up on top of 20% up yesterday. Buy price moving up with every buy. Could do 2p quite quickly if the buying momentum picks up.............. Showing on the LSE risers board okay today.

This link gives a list of directors and other Institutional holdings. It looks to be up-to-date. Only 13% in free float though that figure may be less as IG give the float figure as 99 million which is just over 11%. Probably Sobny Group who reduced from over 5% to less than 3% on 9th February have the difference. http://www.ruspetro.com/en/shareholder-information.php

I was watching it at 0.70p to buy but ended up paying 0.7919p. See how it goes. Still nearly 3 weeks before the General Meeting.

one minute this was 13% down and now 10% up. Bit strange but the buy price keeps rising yet I can't see any trades going through. 0.895 to buy now.......

0.9999p paid!!!!!

I can see why the MM's aren't letting this go - all these 13,000 and 15,000 buys are really tiny - about £100. Either people are being too cautious or they haven't checked the SP enough...........

About 99% buys so far but a few sells still spook the MM's. Also the MM's keep widening the spread to show the buys as sells

Not sure which brokers is going to NT. I can get both a buy and sell quote. We could do with flyinghorse and sundigger here - they'd soon get this moving back up to 1p or 2p...................

Wisecrow I was just wondering why the requirement to raise "at least £6Million" rather than say £1M or £2M. Is it an AIM rule that an investing company must have at least £6M - $8.55M - available. They (TENGRI) say they are going to pay the $4,680,845 to the Loan Note Holders so the money will be gone, no matter who to. Also it says as a cash shell they will have to do a reverse takeover or seek readmission after raising the £6M - which seems a lot to have to raise. For clarity: "On completion of the Disposal, the Company will be deemed to be an "AIM Rule 15 cash shell" for the purpose of the AIM Rules and will have six months to make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules or otherwise seek readmission as an "investing company" with the attendant requirement to raise at least £6 million on or immediately before such readmission."

I can see why it's spiked as Robust Resources own 87% of the shares but there isn't going to much more than $1M left and with 107 million shares.................... They have $150,000 invested in Slovakian Prospech Limited but the RNS says that if they are to continue listed they will have to raise at least £6M - not sure why or what that rule is.

$6M consideration then: "The proceeds of the Disposal will be used to: · pay the December Balances and the January Balances in accordance with the provisions of the Share Sale Agreement; · pay to certain of the Company's loan note holders approximately US$4,680,845 in respect of principal amounts and interest outstanding on the Company's convertible loan notes; and · fund the costs of the Disposal and the costs of settling any other pre and post deal liabilities/matters, with the remainder being retained for working capital purposes by the Company." There won't be much left though as $4.68M of the $6M is going to the Loan Note Holders.

C$0.05c = 2.71p

Pre open bid on TSX looks to be at C$0.04c which is 2.17p