Firstly, apologies for the slight delay in replying. Have been extremely busy. Haven’t really had time to go through every post below and work on calculations but just thought I would add general comments and early thoughts. Before we start, this implementation does need to be firstly approved by the shareholders (of course, these things are mere formality with the shareholding values) at the AGM held 29th June 2015 (rather than 2012 in the RNS!!!!! Amazed no one picked up on that). I have seen a couple of posts online and on here basically misunderstanding what is happening and how It affects shareholders and prospective investors. We are basically (in as simple terms as I can) looking at: 1. A whole change of the board- on completion we will have Chairman (Grant Roberts), John Gunn (CEO), Nilesh Jagatia (Finance Director) 2. Acquistion or more formally ‘reverse takeover’ of Global Investment Strategy UK Limited. As the RNS states the ‘enlarged group will become a Financial Services Company’. The company therefore operates as OCT with the benefits (or risks) of being a PLC on the AIM Market. 3. Share Consolidation- Pretty simple maths given in the RNS- 4. Change of Broker- One which people seem to be missing is the change of Broker to Beaumont Cornish Limited- I am doing some external reading on this company and will come back with my findings. Some slight concerns/points/positives: Further dilution- Of course is a necessary evil with small start-up companies but taking previous M/cap before this is almost 75% raising £1.7 million. I personally don’t see dilution as always a bad thing. Cash is king and without it you can’t move forward. Serious money is earned with the decisions as to what to do with it. Next- 61.64% held with ‘concert party’ - Can seem therefore it is in the boards best interest to see the SP rise however that is a lot of shares especially in the low volume trading of OCT that could wildly affect the SP on any ‘dump’. M/Cap of £11,205,000 – Only net GIS figures can justify this at this stage. We should now get to see the full extent of GIS as a ‘money making machine’ with the company within OCT> Some dates for people to be aware of: Accounts for year ended 31March 2015 to be released by 30th June 2015. Accounts up to 30th Sep 2015 by 31 Dec 2015 – for me they will be the interesting reading. Accounts up to 31 March 2016 to be released by 30th September 2016. I am working on some calculations and net (predicted) figures which a lot of you will find more interesting than the summary above. Will hopefully have posted by the end of the week.
Thanks. At least OCT has now 'sparked' into life for people. Haven't fully had time to read the full news release today but will be reviewing tomorrow. price hasn't actually raised that much in the grand scale of things so may look to take a position once fully reviewed the release and discuss with other regular posters. Just taking a quick look at the board today...... Amazing how a RNS can attract people (mindless rampers)who just write 'sea of blue' or '1p by the end of the day'. The board has gone from informative postings containing links and company info to today's rubbish. Hopefully will be able to comment a little further on the RNS tomorrow once read. DG
This share just shows you the way DL can cause excitement over a share and the way he can get massive returns for shareholders! Discussions on OCT board last night had the share purchase investment been made at 0.11!! If you look at todays price already it has been rewarded handsomely. I have bought a relatively small holidng in here and can only see further gains. OCT and HUME have massive potential. Multi bags for shareholders.
For anyone reading wondering what the rise is. Octagonal (OCT) has purchased a on market share value of 3.05% in Hume Capital. Octagonal are financial investment company purchasing exciting undervalued shares. OCT's main investment is a decent size stake in GIS Limited (global Investment strategy). OCT is a company derisking all the time with investments in companies like HUME. A 20% up on current market price already.. Further exciting news to follow. Hopefully we can see prolonged rise here. GLA
Funny how ASOS has an impact on thatShare Price. Much better value to be had in the 'young pretender', looks as if alot of the money panic sold here is going into them. Some massive buys going through!!!! 3v1 on the ask