Member Info for Dartron

Not sure it matters much, as according to the last interview Tom has little interest in the share price, or rather feels it is out of his control. He could be right, this is a buy and hold for a couple of years, then a nice dividend?

What ever next? Underwater on said purchase like the rest of us mugs.

Abicad Holding Limited confirms intention to acquire additional shares of Breedon Group plc - no details.

Started buying back here, just over 10% cheaper than my lowest sell. Thanks John Wright. As Paul says, 'no one will regret an entry at this price'. Lets hope so.

I really hope they do an investor meet (though that does cost money so unlikely).

They managed a trading update for the full year in 2022. Bear in mind the FY financial year ends 31 May 2023, so I see no reason why some TU could not have been released. Last year they suffered delays with results from Auditors, so the November date was actually late. They had originally planned to announce in October.

Sometimes, TU are not forthcoming, as they dont want to pre-warn they need a raise. This could also be why the auditors cause delays. I disagree that it is too costly or time consuming to make a announcement in July regarding the end of the FY year. In fact, they probably would have done this if they had good news?

I will be pleased if they can get by with no more raising. They had quite a bit of debt stated, in the last HY report. But hopefully the sale of the property and the placing (even though it was stated the money was for other purposes) might have done it. The company needs to tell us EXACTLY what the debt looks like going forward, when it is due etc.

Again, lack of clarity in the updates makes it anyone's guess if they will want more money or not. I am certain that this company does not value small investors, as my enquiries have gone un answered. As I said, I did buy today, but still feel quite pessimistic here.

The 2.8499 was my buy. Probably cleared the last few shares to print the large sell.

No way of knowing in this market, what the sell means. Could just be a forced seller.

I think the company has been too quiet, they are not engaging and trying to increase the share price here, which is worrying. I would be more accepting of raising further money, if the company had kept us more informed, and we had more visibility of the efforts being made. I hope we do not hear from them just for more money. On the other hand, I have seen a few buy outs that match this pattern, of silence then offer, but even so most holders will be out of pocket at 4p for example. Total gamble I feel, hence small top up.

I sold out of OSI before the offer, very similar. I hope the II percentage here makes them behave themselves.

Glad your still here LV. Not ideal, but not worth bailing now. Could work out well regards timing of other stock.

The head office was purchased in 2015 on IPO, and not been revalued. Neither has the factory completed in 2017.

I am not saying this is straight forward, and the lease liabilities for the branches must be eye watering.

I was just making the point that I think someone will want this. You are right, there are so many variables here that unlikely anyone could value this without more info. However, I do not see administration, for reasons I have posted on the Aurelius thread. Its obviously a gamble and carries some risk, but this seems an over reaction today, given the RNS was positive with new lenders and existing lender willing to allow covenant breach. A buy out would make most sense, to be run by an entity with deeper pockets, until economy improves. That is my position here.

I did not include any good will. Just the hard assets, Factory and head office. Head office purchased for £4M, Factory built from scratch for around £15 (inc fitting). I actually think there should be some thing added for intangibles (work force, accreditations etc). This business is described as a high barrier to entry at this scale.

Nav Just shy of 6p/share

67% owned by II, not including the BOD

https://www.safestyleukplc.co.uk/investor-relations/major-shareholders.aspx

Cant see them selling down here. The liquidation value (net assets) would be around £8M.

I thought the RNS was a positive one today, lender willing to skip covenants, old and new investors willing to lend. I have taken some more @ 2.4p. Last one of these TPX impact, I doubled my money. I think its a tree shake today, with all those SINT flags. Maybe final stage of a short now that there is no placing. The factory and head office are owned outright must be worth over £15M. It isn't possible to go in to administration with that many assets, and nearly 50% instu. holders, who would usurp power immediately. That is why there is appetite to lend here.

Have a look at the existing lender, https://aurelius-group.com/en/

"In the company acquisition process, AURELIUS Equity Opportunities concentrates on identifying, analyzing, creating and exploiting all the opportunities afforded by the market. "

As an active investor with a long-term investment horizon, we are searching for European corporate spin-offs and medium-sized enterprises with the following characteristics:

"

growth potential given close operational assistance;

below-average profitability;

synergies to existing platform investments.

Investment criteria:

Revenues between € 30 million and € 1,000 million

Investments in companies in the lower midmarket (AURELIUS Equity Opportunities) and midmarket (AURELIUS European Opportunities IV)

Majority interests acquired, 100% holdings targeted or co-investments with AURELIUS European Opportunites IV

Add-on acquisitions for existing portfolio companies

Flexible contract structures in line with the seller’s preferences are possible

"

These guys already done this with loads of companies, here are a few building sector ones:

https://aurelius-group.com/en/equity-opportunities/companies/youbuild-mpro/

https://aurelius-group.com/en/equity-opportunities/companies/b-p-geruestbau-gmbh/

https://aurelius-group.com/en/equity-opportunities/companies/zentia/

https://aurelius-group.com/en/equity-opportunities/companies/silvan/

https://aureliusinvest.co.uk/news/aurelius-portfolio-company-ctd-tiles-limited-acquires-13-branches-from-tile-giant/

Here is the one that makes Safestyle an ADD ON

https://aurelius-group.com/en/equity-opportunities/companies/unilux/

-----------------------

Soros, Atlanta, Henderson, could sell their stake, but at what price? 17p previous placing be nice wouldn't it.

That would be best case, but worst case, this will have at least 12 to 18 months to limp on. Bound to see more than 2.5p to sell in that time. Easy buy for me today.

I have never said that this is a great company. I have always said that the assets, and the ownership makes this an easy take over. Anyone buying sub 10p should do well IMO - Aurelius would be the perfect buyer.

I dont agree that the price is set by the market, on such low volume. Not a single trade over £1000 today. Easy to move this price with a float £20k, if you were so inclined. I think those on the short side should be the nervous ones, its only this low due to them taking it there. Who is going to sell down here, and no placing to cover, yikes. Could do a couple of hundred percent by end of month. The RNS tells you that this is a done deal. Cant discuss any more today, busy elsewhere.

I thought the RNS was a positive one today, lender willing to skip covenants, old and new investors willing to lend. I have taken some more @ 2.4p. Last one of these TPX impact, I doubled my money. I think its a tree shake today, with all those SINT flags. Maybe final stage of a short now that there is no placing. The factory and head office are owned outright must be worth over £15M. It isn't possible to go in to administration with that many assets, and nearly 50% instu. holders, who would usurp power immediately. That is why there is appetite to lend here.

Have a look at the existing lender, https://aurelius-group.com/en/

"In the company acquisition process, AURELIUS Equity Opportunities concentrates on identifying, analyzing, creating and exploiting all the opportunities afforded by the market. "

As an active investor with a long-term investment horizon, we are searching for European corporate spin-offs and medium-sized enterprises with the following characteristics:

"

growth potential given close operational assistance;

below-average profitability;

synergies to existing platform investments.

Investment criteria:

Revenues between € 30 million and € 1,000 million

Investments in companies in the lower midmarket (AURELIUS Equity Opportunities) and midmarket (AURELIUS European Opportunities IV)

Majority interests acquired, 100% holdings targeted or co-investments with AURELIUS European Opportunites IV

Add-on acquisitions for existing portfolio companies

Flexible contract structures in line with the seller’s preferences are possible

"

These guys already done this with loads of companies, here are a few building sector ones:

https://aurelius-group.com/en/equity-opportunities/companies/youbuild-mpro/

https://aurelius-group.com/en/equity-opportunities/companies/b-p-geruestbau-gmbh/

https://aurelius-group.com/en/equity-opportunities/companies/zentia/

https://aurelius-group.com/en/equity-opportunities/companies/silvan/

https://aureliusinvest.co.uk/news/aurelius-portfolio-company-ctd-tiles-limited-acquires-13-branches-from-tile-giant/

Here is the one that makes Safestyle an ADD ON

https://aurelius-group.com/en/equity-opportunities/companies/unilux/

-----------------------

Soros, Atlanta, Henderson, could sell their stake, but at what price? 17p previous placing be nice wouldn't it.

That would be best case, but worst case, this will have at least 12 to 18 months to limp on. Bound to see more than 2.5p to sell in that time. Easy buy for me today.

Looks like about 1% of company traded today.

Blackrock have slightly reduced to 1.54%

GLG on 0.87%

Taking the over all 'notified' short position to 2.41%

Euroclear shows 2.89% for August, this will include smaller notifications not tracked by the over 0.5% rule.

Encouraging that large trades continue to roll through today, so hopeful of seeing further reduction.

He will be able to get your post deleted as well, since you have called him names.

I can repost it though, as and when. Its all good fun.

Berenberg cuts Alliance Pharma price target to 90 (100) pence - 'buy'

Deleted the post about the 25M shares traded as well. I said it looks like a short closing.

12.5M was on loan in August. Price seems better now. Maybe his work is done.