The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
ATOM72
Can you answer your own questions and put the answers here. It will help me thanks.
5 questions you put so look forward to your answers.
You have just convinced me - you!, and the few newcomers that have recently signed up to what is happening here. You have all come on at the same time, and someone has the power to remove posts. Now why are posts getting removed? Why is it there is more of negativity on days of news?
Who is trying to stop shares going to the retail? There is clues in that. Expecting another Tr1 now, its clear as daylight who is working for who.
I will try and say this one more time and see if it sticks (third time of stating I believe):
THIS COULD BE A CLOSED PERIOD. THEREFORE THE DIRECTORS WOULD NOT BE ALLOWED TO BUY WHEN THEY HAVE IMPORTANT news TO BE RELEASED OR BEING RELEASED, OTHERWISE IT WILL BE DEEMED AS INSIDER TRADING.
Ok now people can go back to asking "why are the directors not buying?"
Wink1 earlier replied: "Told by Tim nothing to do with TILS" although no date given on when this conversation occurred. I am guessing it has been recent because Wink1 did say they were getting in touch with them a few days back. I am resigned to the fact it is not Accustem, which to be honest looks like it will be a major player. For the directors to say "I am pleased that we have such an exciting target confirmed in the biotechnology sector." means cobblers! That was the same mantra 18 months ago and anyone thinks it will be before Christmas? then that was what was said last year - before christmas!
Its very hard to remain positive when you know as Jace said we need more meat on the bones. The director pleased or excited, is easy when you are eating through the cash for free and not giving anything in return.
JBmcr I have no idea mate, but whenever it is they will need to explain why they have left shareholders out to dry without a single shred of guidance, because 20 months without even knowing is just too long.
I am considering seeking out a grey market to sell on the shares because holding onto them has proved fruitless. So if anyone can guide me on this I will be grateful. I have to way up a chance to clear partly a legacy issue dumped on me at a young age V holding onto BOU without any real evidence of when it will come back and was going to clear the entire issue. I am not any younger. I just wish to enjoy life as it should be enjoyed -helping others, instead of being dictated to.
Does not answer though if this has anything to do with Accustem. Thanks for reply however wink1. If Tim had said no to that then without further news the BOD will have real work cut out to keep their roles at the next AGM if they do not pull out something which justified this long into suspension, and I will be onto external other legal teams to see if there is anything regarding verbal BS from AG last year that can be deemed as misinformation. Cannot honestly believe we are now 20 months on from that simple, cannot f^%% this one up meeting, and some how the money men have managed it. 20 months without a shred of what they have been doing is truly embarrassing.
hamster18
Mate in the middle of something now and saw your post, plus the RNS came late so just had a quick look. Will dive in later for more investigation as it looks interesting, and post if I see anything. Take care.
They may be still adding and further TR-1 to follow. Price has been shaved downwards in steps to maybe hoover up loose holders?
Actually Bookie777 that answer is very helpful thanks. So its not confirmed that it will take the IPO route.
Bookie777 I was under the impression that the IPO is a straightforward public listing? You say 'merged into', but that would either mean its an RTO or some other means? Has there been any confirmation as to how Accustem are coming to the market, or are holder still waiting on this?
Shiraz and Abbas
Can you guys get in touch on a generic only email bould12345@hotmail.com. I will explain then. thanks.
ws
current bid is 4.89p and offer is 3.25p
??
Its seems wrong but that is what I am seeing right now.
Has anyone confirmed if the directors are not buying because they are in a closed season? If they buy then there will be no news for a while. If they are not buying then it will be in anticipation there is news, otherwise buying knowing news was close, can be deemed as 'insider trading'
Do the rules differ if they are on the main market from AIM? As NOMAD guides directors on AIM.
Ztr666 take a look in the Vantage account. It may also be called Fund and share account. That's where my own got moved. Failing that give them a quick call. I am confident you will be directed correctly.
Milli hope you are ok. With this one its one more down and two more to go in suspension with the main one still playing hide and seek.
I am not saying if it is Accustem or not on the other one, because I really don't know but there is a strong case for it. Too many similarities going on.
Well pleased that RLD is back from Wednesday. Hold for Gold.
Look at what Accustem get is the more important issue. A competent set of directors from BOU who keep shareholders updated when they feel like it. We should be grateful they have really gone out of their way to tell us 'healthcare' Not many other directors take that much time. If Accustem have no rush to list then BOU is the perfect vehicle as it has kicked the can regularly. Which reminds me anyone checked with a small mirror if our major shareholder is still stealing oxygen?
https://www.rte.ie/news/business/2020/1113/1178026-greencastle-acquires-lovin-media-group/
John Quinlan, CEO of Iconic Labs, said, "We have watched the success of Lovin Media from afar and admired its unique position in the Irish market as a key voice in lifestyle and entertainment. We are confident that Lovin Media will benefit from our extensive resources, specifically by having access to both an in-house production team and our in-house data, insight and planning. Having recently taken over JOE and Her Media and now factoring in Lovin Media as well, we are creating something very special here in Ireland and are excited at the compelling proposition we will present to our readers, partners and clients."
The last four posts tells me all I needed to know. Thanks Mr51k poster, and also new poster. Do not bring up ICON as its not about ICON. Must keep readers distracted till Monday morning, I get it guys, wink wink. I get the feeling Monday onwards is going to be a really bad day for most who missed out and now got caught with their pants down seeing that after hour RNS.
"No idea why it warrants a TR-1. They’ve only increased by 20m."
I got it totally wrong assuming they would have sold out totally, so apologies. Instead you need to look at the RNS. ATOM72, there was no word citing a correction on the RNS so it goes to, why did they announce after hours? What effect would it have had on the price if they showed this prior to close?
The next issue is they we are talking about only £3k worth of shares roughly been bought (20m shares to take it up to 940m). Its not the amount that is important, but the name attached to it, EGHOS. The name everyone has come to detest, but without whose money ICON may not have been able to get to here in the absence of nothing else being stumped up.
Now they announced 2.95% previous and so still remain holders, so the next questions is why? and the answer is from todays RNS.
"The Company is also announcing today that it has brought to an end any further issuances of Ordinary Shares to European High Growth Opportunities Securitization Fund ("EHGOF") and has agreed with SMC, pursuant to the terms of the Facility, that the Company will not enter into a transaction with EHGOF for a 3 year period"
Now this is becoming a little clearer. EGHOS have gone back above 3% not because they had some cash stashed behind the sofa or because of a mistake, nor because they now believe the turnaround. NO! Its because 3% will qualify you as a shareholder on the register, and its just a wild guess that this was enough for them to agree to partake in the recent Placing. That placing raises £747,000 of which will be a way of clearing down EGHOS outstanding debt, who again my guess have taken part in the placing. You cannot do that at 2.95% but can do once over the 3% threshold. I could be talking out of my southern regions but I have so many theories and none seem to be making sense.
SMC have got guarantees that EGHOS will not be approached for 3 years if that. So now Shard have guaranteed their own investment is safe and not going to be diluted to kingdom come. EGHOS have had to stump up £3k for a reason (anyone want to say my take is wrong, I will be glad to hear anyone elses take?).
All decks now cleared and come Monday this also has now makes clear,
John Quinlan, CEO of Iconic Labs plc commented: " I am very pleased that following hard work we are now able to follow through on our commitment to replace the EHGOF facility with more conventional funding. Many shareholders have told us that this was critical in their view, and it is great to be able to deliver the news that they have wanted for so long.
Do you think he just said that to waste time?
I did say that by the calculations done earlier that by at least tomorrow given that EGHOS were selling 249m per day average weighted for the last 23 days and for the sake of consistency they will be done. They should be out even without need for a further TR-1 notification.
It seems a few have also seen it and have taken the ride early, while some are still trying to work out whats happening. Technicals now back up what was said and the late rise, the same. So more than confident now that the seller is done, but for the sake of confirmation others can wait respectfully. Positive close tomorrow will confirm the re-rate is underway and there is a weekend before Monday open.
By reading the pack you know how the next deal will be dealt.