Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Encouraging read with FCA and Shareholders mentioned:
The once-thriving firm has been limping on since then in the face of imminent insolvency, buoyed only by its industry-leading portfolio of fintech holdings and working capital provided by Prism as it awaits regulatory approval from the LSE and the Financial Conduct Authority (FCA), the UK’s regulator, for the $1 acquisition to complete.
And it is vital that this regulatory approval is given, for the thousands of workers whose livelihoods depend on Finablr, the ****shareholders**** who would be left with nothing if the firm went insolvent and the customers who depend on its technology to send money around the world.
https://www.google.com/amp/s/www.eureporter.co/business/2021/05/21/the-fintechs-of-arabia-why-european-investors-are-looking-to-invest-in-the-gulf/amp/
This bits worrying but its still listed so the shares must still be active although suspended.
Just want to get that confirmed really.
“Finablr was listed on the London Stock Exchange”
Why have we as shareholders not heard anything about a relishing or what the next steps are. How can the company be sold for $1 without a shareholder vote and if it’s a case if we’re selling but the shareholders will benefit then why has that only been mentioned once.
Are we also not concerned with the following statement, where is the regulatory governance form the FCA, it is listed in the FTSE after all.
Quote “ The deal will be subject to regulatory approval in India, Bahrain and Kuwait”.
In line or improved outlook on previous statement, impact from pandemic only hitting the business 13% on previous year. Expected outlook back to profitability by the end of the year. Net debt next to nothing, really good news considering last year was a lose and the SP was in the 90p range pre pandemic.
Expecting SP to be 60-70p in short order, this baby is gonna grow!
Isn’t the 12th the deadline for take up of the offer price, as in if you wanted the shares you would have had them by now? Or 98% taken already?
In addition, the shares were added to the free float on 28th Oct so aren't they built in already?
Its a JV, so if you take that approach; ask yourself this:
Is 60 of Marston's brewery worth more than 40% of Carlsberg’s brewery because thats the deal as you have stated it?
Its about scalability, distribution, access to Carlsburgs network of brewrys a crossed the globe and low brewing costs.
Not to mention 280mil in the bank, thats the current MCAP but the way lol
@reece
I’ve been told its not the year high - it’s the highest price the buyer or consortium had paid when acquiring in the past 12Months.
So any Tr1’s from Prism Advance Solutions, if not then I think its a price negotiated by the board.
As the group has said, 2019 results were Tuesday 2nd and they have been released; then yesterday we should have had 2020 Q1 results.
As a result, the question was where are they?
Answer from a well informed group was, they’re waiting on Aus numbers.
Job done, maybe people should read before they engage the flannel trap. Just saying!