Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Army
I am referring to any sort of takeover and I really don't know what you are trying to say then. Your original message posted as follows
"I think someone posted a link to some article recently I cant recall wether on here on telegram but the article was about signs that your company is about to be taken over. One of those signs was that the share price is manipulated and walked down prior to offer landing. Could be whats going on here ? along with a few PIs becoming Impatient and not really understanding what's going on and the true value of what they're holding"
Specifically
"signs that your company is about to be taken over"
We are within an FSP and therefore I cannot see that there would be any possibility of the company being about to be "taken over" outside of that. Who in their right minds would do something like this outside of the FSP with no access to the data room etc.
Casper
Army
I apologise, you didn't post about anyone accumulating a shareholding.
I made that assumption based on the fact that you mentioned a take-over, and I assumed that in order to instigate a take-over you would need to have a large enough shareholding to do this.
My mistake.
However, in this particular case I think you are incorrect.
Casper
Army
No No No
we are under an FSP which means that no stakeholder can accumulate 1% of the shares without declaring it, let alone 30%. I wouldn't have thought that there would be anywhere near 30% shares in circulation anyway.
casper
TC - I don't disagree with you, I was just pointing out that there are some shareholders who are looking for a quick profit rather than investing in a company for the long term. I think that this is a malaise brought about with the easy access to cheap online trading platforms - chasing rainbows etc.
Casper
HL make it as difficult as possible to cast your vote (IMO) I got this message as well even though my email specifically laid out my intentions. I did just reply back confirming that I was voting for the Resolution.
Casper
Very sad news indeed. I think that if death can convey one message, it should be to get out there and live our lives to the full. Also, to pick up the phone or whatever media device you use nowadays and keep in touch with friends and family.
Take any opportunities that are there for us and go and search out others. Hopefully the outcome of this FSP will give some of us those opportunities including retirement for some. I always look at retirement as the opportunity to give someone else a job!
But don't be maudlin like all the radio stations see to be.
casper
RR1889, thanks for the confirmation. It's good to know that that was what I was seeing. I do look at the trade history to see patterns of numbers etc. It can help decipher what is going on even when it appears murky!
Casper
Looking at the recent trades history it looks as though there are still some "Bed & Isa" transactions going through. Interpreting these as a layman, it seems that the dealers are completing these at the bottom end of the share price and therefore skewing the current share price. So I don't believe it is totally the MM's that are up to something. We can't have things both ways!
Casper
Interesting question Caw, but I think that they would have to declare both transactions under Rule 8. This is what the Rule states in full (so as not to lose the context):
"Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of
any class of relevant securities of the offeree company or of any securities exchange offeror
must make a Dealing Disclosure if the person deals in any relevant securities of the offeree
company or of any securities exchange offeror. A Dealing Disclosure must contain details of
the dealing concerned and of the person’s interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities
exchange offeror(s), save to the extent that these details have previously been disclosed
under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made
by no later than 3.30 pm (London time) on the business day following the date of the relevant
dealing."
The relevant line is
"must make a Dealing Disclosure if the person deals in any relevant securities of the offeree
company "
Casper
I think it was the wording of the original RNS on 1st July which maybe implied/was interpreted that a deal would be more forthcoming or concluded much sooner.
"In recent months, Eurasia has received a number of inbound expressions of interest from multiple parties interested in acquiring all of or a stake in its assets."
Subsequent RNS announcements have been criticised for not giving enough/up to date information, but maybe the BOD don't want further misinterpretation.
Also, if the deal turns out to be as monumentous as we think it might be then maybe these things really do take this amount of time to get right for both the seller and they buyer.
There have been pro's & con's of having our money tied up over this time and whilst we think we have missed other opportunities, until the FSP is concluded we either have to go with the flow or sell up. For those of us who have been able to take the opportunity to add another £20k to their ISA or top up their SIPP's (even if this is using share account funds) then this is an added bonus.
Casper
Sharequests
This probably wasn't answered earlier because the majority know what the reporting requirements under Rule 8 of the Takeover code are.
However, for the newcomers, here is a quick synopsis.
Rule 8 states that certain "Stakeholders" have to declare by 3.30pm on the day following a transaction. If there was no transaction then there is no need/nothing to report. It really is that simple.
Casper
The end of the tax year (5th April) is probably only relevant to PI's who are UK resident for tax purposes. So this year, because of the Easter bank holidays, the last trading day will be 1st April!!!
Corporates are unlikely to have this as their tax year end.
Casper
I think you will find that a lot of companies put out an RNS at the end of each month (or beginning of following month) with Total Voting Rights. I don't know the rules of it but HEMO put out one last month and at least 2 others last year.
Casper
Getting it out of the way early! I am not usually a conspiracy theorist but maybe just maybe today will be the day.
I am handing in my notice/requesting shorter working hours today so wish me luck everyone. It's never an easy thing to do especially working for a small firm like I do.
Casper