Member Info for beardozer

ORR rockets attracting new investors, some of whom are spiked and they won't be happy. SP loses momentum and then falls even further so nobody's happy. No wonder every time the SP rockets it is sold into apart from me who always thinks it will be different this time. What we're lacking is some heavy buying from funds etc. who see it as a one-way bet.

75% is correct: "With a 75% vote being required to delist a company from AIM, it is possible for a company to delist and leave its minorities high and dry on the vote of just one major shareholder. Following such a delisting, shareholders may find themselves with no market for their shares, other than the possibility of a matched bargain service. An example is Metnor Group plc, which delisted earlier this year. Metnor’s controlling shareholders had enough votes amongst themselves and their families to carry the de-listing resolution. Minority shareholders were left with no market in their shares, with the exception of a matched bargain service and they could not have any influence on the vote."

Interesting figures but, setting to one side "reputational suicide", what is actually legal? Legal scrutiny's not much use if they don't break the law. As I understand it, minority shareholders don't have to be offered anything for their shares if 75% want to go private. You either sell at Market best or quietly go private with the 75% who think it's best for the company! It's hard to believe but is it illegal?

Earlier this year Alliance Pharma PLC (AIM:APH) was taken private by its biggest shareholder in a deal that valued the business at just under £350 million.

"Isle of Man-based BAY Advisors, which owns 27% of the speciality drugmaker, weighed in with a 62.5p offer, which has the backing of the Alliance board.

The terms tabled represent a 40.9 per cent premium to Thursday's close and is more than double the 2024 low of 29.4p." A 40.9% premium to ZIOC's current SP implies an offer of just 11p!

The deal values the business at £349.7 million.

"...with existing shareholders on the register, immediately before the placing and subscription awarded a free 1-for warrant on the same terms." Has anyone received theirs yet?

"I personally would accept leaving AIM and continue holding (perhaps in the form of paper certificates)". Yes, it's tempting to think that ZIOC is worth billions and you want to preserve your interest in it but once it goes private they will still squeeze you out! Possible next stage would be a two-tier structure where the top dogs get most of the cream - see GEMD, Elphick's other company. Surely it's better to know when you're not wanted? Mr Market has always thought it would turn out this badly - why did any of us think we knew better? STOP PRESS! 300p takeover offer incoming! I live in hope.

BOTS_PROJECTS - did you mis-spell "countries" or were you deliberately trying to be difficult? It never works - they won't even allow genuine English place names! A town in Lincolnshire springs to mind.

MinorMiner: on the contrary, "boredozer" is very happy he sold 26% of his ZIOC holding in order to double his holding in ORR which rocketed 135% last week. I hope you've read Driving's post on the other board - it's scary!

Driving: you have summed up all my fears! SP down 50% on Monday? On the other hand, what about takeover offers from several different parties? Even bargain basement would get the ball rolling and possibly thwart our evil overlords.

Catbert: apologies for being so insensitive! Rest assured I love cats and in my spare time I collect Snagglepuss memorabilia. He was an early 1960s Hanna Barbera cartoon character with the catchphrase: "Heavens to Murgatroyd!" Before leaving a scene he would say "Exit stage left..." and he had a tendency whenever possible to end his sentences with the word "even". All very relevant, if not important, even!

"Someone or multiple someones are obviously confident enough to buy multiple 1m chunks." so why does that have zero effect on the SP? ZIOC is crying out to be investigated by some useless authority depending on what happens from now. A 300p takeover offer and everyone's deliriously happy.

I might even get to buy the house I like which is why we're all here.

What are they actually doing apart from waiting for compensation which may never arrive?

I suspect marcusg71 and shaun86 are both ZIOC stooges however much they deny it! I did OK this week: after selling 26% of my ZIOC holding in order to increase my holding in ORR by 100% my portfolio was up 36.9% . I have no plans to reduce my holding in ZIOC any further. And I don't think they'd dare to take it private but there's more than one way to skin a cat. Trust me - I've tried!

"I don't think we've been introduced. " Exit doddery old ORR investor who's hoping for £5m and multiples of that for other LTHs with far more invested. GLA!

Is it time for Martin Rosser to buy more shares? With the SP up 135% this week why didn't he fill his boots weeks ago?

"ORR is not going to be bigger than GGP ! " How do you work that out when ORR has only just scratched the surface (pun intended!)

I'm surprised you wouldn't want to ramp ORR as high as possible but you're obviously here for short-term gains which you're welcome to.

But " and that's because of the Lancaster fund unloading " shows you got Lanstead's name wrong and it's not a fund.

Small matters in the great scheme of things but I stick to 50p being an SP to aim for but I'm sure ORR will be taken over long before (and maybe not that far into the future). Why wouldn't a major miner want to own this minnow? At this stage I think a takeover offer @ 2p would be wonderful! GLA!

If ORR does end up even bigger than GGP then that implies an SP of 50p! Mkt. Cap. of £1.95bn versus £1.74bn. Wishful thinking perhaps but 5p certainly looks achievable.

Thanks marcusg71

Sounds like we are on the starting blocks of being taken private!! Whatever conclusion extrader draws it is a fact that a huge amount of money is involved and taking the company private might be the cheapest option by a very long chalk! It would kick the can even further down the road while cheated LTHs attempt to sue the immoral men who know exactly what they're doing of. It's despicable!

"The Directors have been of the view for some time that the Company's current quotation is a barrier to the Company's long-term success." - extract from an ANX RNS - can we expect an identical sentence from ZIOC in due course? Anything's possible!

Capitalism means very small investors paying the highest price! Which appears very unfair but it's the price they pay for "free dealing". Pleased to announce that after ORR's surge, ZIOC is no longer my largest holding. GLA and I hope every ZIOC shareholder is reading about Anexo's shenanigans.

ORR has a mind of its own! And I'm always interested in the dog's opinion! Yes, it's a LTH and after recent shenanigans, my largest holding. Almost certainly bigger than GGP and you can lead a horse to water but we're probably depending on a takeover offer.

Blimey, hunniford! There's nothing wrong with quick money despite it costing the rest of us dear! In theory, had you sold your holding at yesterday's peak and bought back late afternoon you'd be £200k richer! Trouble is, it's never that simple! I considered selling at what turned out to be the peak but worried about buying back later never dreaming the SP would actually fall the following day although ORR has a history of strength being sold into. I always think it will be different this time... I'll be happy with a takeover @ 5p sooner or later. Even 50p might be a low valuation!

Right area, wrong company? Who knows? I increased my holding by 30% on the grounds that if they are successful the sky's the limit or, alternatively, they're crying out for an RTO and are worth far more than £1m assuming they have huge tax losses.

Yes!