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Price agreed at 590 yet the market still has it at near 600 so they must think that there's a chance of an improved offer from somewhere else. Even buying now at 600 I can only lose 1.7% of any investment and that won't make much of an impact on the profits to date so I think I'll join the party and up my stake in case. Interesting times as always with this share.
Rival bid or MM games?
This is getting interesting!
I have a sneaky feeling that the 25,000 'sell' at 12:18 was actually a buy. Why would MMs pay 591? Doesn't make sense to me.
Or there is a sniff of an increased or counter offer. I was surprised that the Directors made absolutely no reference to their thoughts of the offer price in the initial RNS. Normally you would expect an intonation of support or rejection of the idea but this one was just clinical with the information.
Of course, it could prompt a higher bid from elsewhere. It'll be an interesting one to watch after WPG.
It would be a shame to see this go - and so cheaply. Over the years this has to be my best ever performing share for trading. In and out I've made large 5 figure profits and so easily. Suppose we'll have to find another like it. SCH must be bid for soon surely?
Hiya, you still out there? I got stung on FXI recently, hope you were out by then. Made a lot of it back on IDP and expect to recover all those losses and a bit more in the months to come there. Still in and out of PAYS on a regular basis. Have a core holding now and just trading the waves. GL.
Apologies to existing shareholders as the price will probably plummet now! Took advantage of the dip this morning to get in here. Very impressed with the Management, their products and the future development plans. Looking forward to the next couple of years with anticipation. GLA.
Goodbye and good riddance. I wish all the remain voters the very best of luck in your new venture out of AIM - wherever it may take you.
I believe that there is still good value there but it will just be harder to cash in any profits. Directors will now be filling their boots and making a fortune out of us mugs. Never mind - what goes around comes around. They'll pay somehow. Best of luck to all who continue to hold.
85% in favour
The suspension of shares can, and do, happen for all manner of reasons. It doesn't mean that it is the end of trading in them.
This is well beyond my risk/reward limits, it's an absolute gamble! I can't see the Directors having called for the vote without being fairly confident of winning it. Even if they lose the sentiment behind this Company and, for that matter, other listed Companies in that region, will have been shot to pieces. I certainly will not be buying back in as my faith in the Directors has all gone. I still believe in the product but if the Directors do not win this time round there is nothing stopping them from doing it again when they have amassed the correct number of shares required. It's going to be 'interesting'! Personally, I think the vote will go through and the shares will immediately be suspended from trading until the delisting. All IMHO. Anyone know what time the result of the vote is to be announced? It's taking place in Malaysia so will we know before market opens tomorrow?
This report in the Times reckons analysts believe that the vote for delisting will succeed: https://www.thetimes.co.uk/article/big-investor-lashes-out-at-stitch-up-nqmz96hdx About time IIs spoke out.
Half Year results are usually announced mid August although there is nothing on their financial calendar to confirm this. In 2015 they gave a Trading Update in early July. Mid to late August would be my guess barring any M&A activity in the meantime.
For those who feel strongly about this they can always contact the FCA: market.abuse@fca.org.uk Whether or not they will take any notice I don't know but at least you can get it off your chest to them. I'm bored so I think I'll do it now. If it turns out that the Directors have been buying up 'on the cheap' since the announcement I for one will be doing more than sending an email to the FCA!!
Yes, I've long since learned not to get emotional about the business of buying and selling shares. A mistake is a mistake. Learn and move on. Given the market reaction since the RNS I think Teh has shown nothing but contempt for Shareholders by not issuing some sort of statement reassuring them that all is going to be OK. God forbid that a Directors deal gets announced on the back of all this. The proverbial will really hit the fan!
Nice rise over the 500 mark today. Hopefully we can cling on to this and make sustained progress from here. Certainly needs to for me to make up for the FXI debacle and loss! The old term 'a wunch of Bankers' comes to mind!
I appreciate your way of thinking but my point is that this would all have been discussed at Board level and with the NOMADs and with the PR Company. During those discussions they would have voiced their disapproval and, most likely, advised Teh that, if he went ahead with the proposal, they would not be able to support him. Therefore, it was entirely within Teh's control and he decided upon the course of action regardless of the outcome. It was his decision to go ahead knowing that the SP would tank and knowing that these resignations would be made. I've no argument with you here, just an alternate opinion. I respect your call and wish you luck.