Member Info for dan1nat1

Full details are here - http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=wlj8h2h4&ArticleHeadline=Earnings_Enhancing_Acquisitions_and_Placing

Jsmith the accusations announced last month are being funded through the issue of new shares, these will be in place on Tuesday - The Company proposes to raise gross proceeds of ?12 million through the issue of 141,400,004 Placing Shares at the Placing Price by way of a placing to certain institutions.? The Placing Shares will represent approximately 16.7% of the Company's Enlarged Share Capital immediately following Admission. Following completion of the Placing and Acquisitions, the Company's Enlarged Share Capital will be 844,650,090. ? The Board believes that raising equity finance using the flexibility provided by a non-pre-emptive placing is the most appropriate and optimal structure for the Company at this time. This allows certain institutional investors the opportunity to participate in the Placing and avoids the requirement for a prospectus, which is a costly and time consuming process. It also facilitates the timely completion of the Acquisitions. ? The Placing Shares when issued will rank pari passu with the Ordinary Shares and will rank in full for any dividends and distributions paid or made in respect of the Ordinary Shares following Admission. Application will be made for the Placing Shares and the Consideration Shares to be admitted to trading on AIM. It is expected that dealings in the Placing Shares and the Consideration Shares will commence on AIM on 15 May 2018.

So the newly placed shares will be in play from Tuesday, and the week after it’s the AGM so shortly after we should have the name change and consolidation. Big steps forward in the next few weeks for SAT, with even bigger steps to come in the next 12 months!

Nice volume again!

Hey Chesh, I see are you in on AXM, have you had a look at EMH?

Nice steady buying today, we might see 9p later. Got to admit I didn't see that coming until after the consolidation and conclusion of the takeovers.

Well I was right about that 6m+ volume, look at that big delayed buy!

Massive volume for no apparent reason...I won’t be surprised to see an RNS in the morning.

Are you sweating the small stuff again jsmith?

Could hit 6m volume today if this continues! Consolidation is zero sum event...unless it changes people’s perceptions of us ;)

I fully expect we will be taken over, but I hope it’s not anywhere near these levels. 18-24 months would give us time to really add value before we get take out. Nice to see this buying frenzy in action ;)

Off we go...

8.7p isn’t placing money ;)

More consolidation in the sector announced today - Vodafone to buy Liberty Global European assets for €18.4bn http://www.bbc.co.uk/news/business-44050682

Each to there own Beeb, that’s what make the markets fun. I wouldn’t be waiting much later than the AGM if I wanted to get back in, things are changing quick and once the price consolidates, the name change goes through and we have another 20% added to our customer base Sat Will be on some new radars. The new acquisitions are going to open up some new territories and potentially more acquisitions. The new product offerings will further widen our market, all looking great IMO. I just hope all the consolidation in the sector doesn’t lead to us doing a Cityfibre and selling out to soon.

I spoke to soon ;) anyone else notice the price hasn’t moved (other than slightly within the spread) since the announcement on the 26th...could be a sign of things to come until the deal is done and dusted, roll on month end.

I am surprised the mm's have managed to keep a lid on the SP this week with the number of buys that have gone through.

To be there first doesn't matter, and to evolve your core doesn't matter...ask Apple ;)

The interest is massive, I’m just hoping we don’t get taken out to soon.

I agree they are part of a / the deal, it’s just at 8.5p we don’t know who is selling or buying...the directors 11m is already gone and the other 8.5p shares from the rns are new issue shares, so how are they filling such large deals at 8.5p.