Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
The shares have just gone into auction at 64.25p to stall the rise. Buy volume 139K, sell volume 93K and the SP has been ticking up since bouncing of 56p at 09:31.
LONDON (Thomson Financial) - Regent Inns PLC said the investment institutions managed by the Spanish asset management company Bestinver Gestion SA SGIIC lifted stake in the company to 19.32 mln shares or 17.05 pct. TFN.newsdesk@thomson.com
SP now in auction at 20.5p. Might be a chance to pick them up around 21p perhaps.
Well the share price dropped from a high of 26p to the low 20s. KBC Peel Hunt reiterated their 'add' stance on the share and said that "in the event of a live bid, the group would see value of 40 pence." A bit of a speculation this one, but with Regent in talks following "a number of preliminary approaches" there must be a decent chance of a bid emerging. I've bought on a T20 at 21.5p.
Decided to take the small profit here at 57p, have to get some work done this afternoon and can't be glued to my screen. Just waiting for PFD to come good to round off a great day. 57-58p now.
I was quoting orders on the system rather than completed buys and sells. L2 indicates what people are prepared to pay or what they are asking for their shares. Currently there are 194K of buys in 21 orders and 158K of sells in 16 orders, with the highest buy at 56.5p and the lowest sell at 58p
Not looking particularly suicidal that trade at 53p. I bought in at 55p and already showing a profit, 57-58.25p now. L2 looking quite even having been week for a while, buy volume 200K sell volume 221K.
Enough for me, out at 70.5p. Good luck if you're still in.
The shares have been moving up steadily from 60p or so and have just gone into auction at 69.5p
Sorry, I didn't post that in response to your query, just so that peeps could see the recommendation. Here's an example of how it will work that I posted onto advfn in response to someone that asked what would happen if they'd bought 1000 shares at £1 each. In your example your £1K bought you 1000 shares. These will be consolidated on a 1 for 10 basis, so you will have 100 shares. You will then be offered 5 new consolidated shares at £1 each for every 2 non-consolidated shares you currently hold (the 10p ones), you will therefore be offered 2500 new shares at £1 a piece. If you take up the full rights your holding will be 2600 consolidated shares at a cost of £3500. You would need the consoldated SP to rise to £1.346 to get your money back. Edit: If you bought 1000 shares now at 66p (current price) then your outlay would be £3160 for your 2600 shares, £1.22 or so each.
LONDON (Thomson Financial) - Shares in buy-to-let lender Paragon Group of Companies were sharply lower midmorning after the company said it was raising 287 mln stg through a deeply discounted rights issue in order to plug a funding gap left by the credit crunch, and Landsbanki downgraded the stock to 'hold' from 'buy'. At 11.05 am, Paragon shares were down 36-1/4 pence, or 35.5 pct, at 65-3/4 pence, about 90 pct lower than a year ago. The rights issue has been fully underwritten by investment bank UBS. In reaction, Landsbanki said although the rights issue helped to remove the uncertainty, it was now assessing the likelihood of the group achieving further headroom for writing new business. In other reaction, KBC Peel Hunt said it observed that the rights issue does not deal with problem of the lack of activity in the mortgage securitisation market. It said it recommends shareholders prepare themselves to follow their money and take up their rights. However, it added that the best option for shareholders is to close Paragon to new business and put it in to run-off. The broker retained its 'buy' recommendation.
I was doing my best to buy on the down spike to 100p but to no avail. Recovered now to 110.5p, I'm not sure where too from here short term. L2 still positive (buy volume 108K sell volume 75K) but these spikes appear to be shorters giving the shares a good kicking. UBS have downgraded their target to 125p this morning. Probably a good long term recovery play, but that's not what I'm here for. Will probably exit if they hit 115p. Now at 111-111.5p
I had a small day trade here, but not worth the trouble and sold out at 124p. There has been a late slump in these this afternoon and perhaps more of a chance of recovery. I came close to buying several times on the way down thinking it had bottomed, and finally bought at 106.873p just before the close after they appeared to be rebounding. Some larger buys have finally appeared in the closing auction.
LONDON (Thomson Financial) - Aurum Mining PLC said it has found 'excellent' gold and copper grades from the first drill hole at the Tokhtonysay site and added it has discovered new exploration targets within its Andash licence area. The initial drill hole at Tokhtonysay hit mineralisation from the surface to a depth of 85 metres with an intersection from 15 metres to 72 metres of 1.48 grams per tonne of gold and 1.41 pct copper, which includes 2.01 grams per tonne of gold and 2.2 pct copper from 15 metres to 41 metres, the group said. Chief executive Mark Jones said: "The excellent drill hole result with high grades and good intersections, has confirmed our supposition that the grades of gold and copper at Tokhtonysay could be as good or better than those at Zone 1 where production is on track to commence later this year." The gold mining company focused on gold and mineral extraction in the former Soviet Union, added the Tokhtonysay prospect is close to the Zone 1 mine and therefore brings the opportunity of extending the mine's life.
Very good results this morning from a drill site announced today could see these make up further ground. Lots of early buying.
Reverse takeovers are usually good news and results in an increase in share value, the smaller company taking over a larger one. No indication yet of when they may relist, but the suspension notice includes the following: If you have any queries relating to the above, please contact the Company's nominated adviser, Zeus Capital on 0161 831 1512.
A strong rise in the Wagon share price since the start of the year. At the results in November ABN Amro suggested a target price of 72p on expected full year pre-tax profits of £14m and an EPS of 8.63p. With a current P/E of around 5 the shares are still good value despite the recovery in the SP.
I did have a few of these which I sold today at, the trade is showing up as a sell of 12013 shares at 8p, but my contract note states that I sold them for £120.13 each for a total of £1443121.69. Now if only I could transfer that to an offshore account I could be on the next plane to somewhere warm :)
In auction at 5.5p. I thought about a small punt at 5p but was unable to trade, tried a £2K buy, then a £1K, then £500, all failed. I think you need to ring in orders. Out of auction at 5.5-5.57p
You have my sympathies, I've had similar problems with TDW in the past, but it's the MMs that cause these problems, particularly on any ordres over usual limits. The best method with TDW is to ring up, but be prepared to be offered lower than the current price if you want to sell them. Now in auction again at 4.2p. This looks to me to have been a technical rise, possibly some short closing, which lead to a stampede to buy in by speculators and day traders, all trying to exit as the rise has failed to hold. Out of auction at 4.2-4.5p now.