The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
IMO the longer they leave it the more chance there is of getting a divi announcement with it .
Or is that just wishful thinking ?
Nothing has changed ??
Tstr‘a holding from 40% -16% is quite a big deal IMO.
That’s 60% less pie/ jam tomorrow, that was on the table
Sorry I’ll take that back, was thinking of Sweden.
The companies would have to prove they had taken all necessary measures to prevent any harm.
Says the country that’s done nothing to stop the spread of COVID. :-)
I’m not going to disagree that there definitely seems to be a big buyer..
and to be honest snapping these up for minimal value sub 5p is quite a steal, if you have a clear thought out exit strategy
As the cheapest Odey ever paid was about 12% of the company at 10p during the open offer
But if it is one buyer hoovering these up, why no tr1?
Maybe Odey is trying to fool shareholders so they can pick up more % for 5p or less
But I think there is a third party here somewhere?
If Odey were thinking of buying us out, why was they selling last week ?
Although an offer has been made, nothing has been agreed yet.
TPP Tri star have no option but to delist... as only holding 16% and no seat on the board doesn’t fill enough of the criteria for an investment company to be listed on aim
I can’t see how you think the sp should be around the 49pish mark?
I’m not saying I won’t be worth that in the future.....
But
The company needs to start making some decent profits before its worthy of a 100m plus market cap
IMO it still has a very long way to go
Why won’t they ever close the spread?
https://jpjenkins.com/how-jpj-works
I Think they are proposing this sort of thing to trade not really looked into it yet
I think the point is we would be in breach of aim rules by not delisting..... without a chair at a table somewhere, we would need to make more and more investments as a company in order to carry on trading on aim, it’s supposed to stop the boiler room scams. I think ??
But IMO they happens in broad daylight every day and no one seems to batter an eyelid , on aim
. The New Articles contain a drag along right, pursuant to which Shareholders selling more than 50% of the Company’s voting share capital will be able to require that the other Shareholders sell their shares in the Company to the proposed buyer(s) on the same terms.
This is the only good bit of news I can spot.... but then again we don’t know what odeys intentions are?
I suppose a lot of it will depend on who makes us the offer...
If Odey were to make us the offer and keep the 16% for themselves. They would low ball us
But.
If the offer comes from spmp, surely odey would hold out for-all they can get.
My guess is that we will be given Spmp share if/when they list... as there is not any money to make us an offer
No Dave I very much doubt it.
Exstatex we’ve been through all this before with you. Yes I agree with you about lenigas and Donald strang. Being nothing more than pump merchants
And even though you are entitled to your opinion, the fact remains, you were happily ramping DOR a while back (another lenigas penny share)which is no longer listed on any U.K. market. Whilst slating DL here..
The big seller after the RTO ???try DL/DS making off with there swag.
Yes at the time like you I was disappointed with the RTO deal DL and DS negotiated on our behalf’s, as we effectively paid 120% for 100% of the company at an extremely inflated price, and I wasn’t shy about being vocal about it at the time. but what done is done.
However, although it’s not been reflected in the sp , Oct has come along way since then and continued to prove its value
And even though after 5-6 years here I’m still down on my investment, I have manage to get my average down to 2p and have money ready to buy again if we start to drift on no news and the spread ever tightens
Regarding divis, and what DL said.... he says a lot of stuff... why do you think he was booted off all U.K. markets... I think he’s ramping som new co in Sweden or Austria nowadays (you better go and warn them)
Will I be disappointed if we don’t see a divi this year?
No because there a lot going on in the world right now COVID, Brexit, trump election, riots in HK to name a few . would it not look silly to pay dividends now and later on start asking for handouts if things were to start to get tough for Oct , no harm in being cautious at times like these
IMO I would have thought Mr Gunn would want to pay them as often as possible simply because he get 50% of the pot..
Do I think they will take this private?
They would be silly to mistreat investors if they are planning to invest for others as a company ..so No I don’t
Who know’s ...
With no divi this year, there will be even more money sitting in the bank.
That might even be enough push our market cap up a tad :-)
end=rns
Although the end say they were hoping to publish end of Oct.... they are not breaking any rules for missing October deadline