Member Info for discopablo

Hi, Had a reply from Rashida. Apparently collection is slow and steady. As at 31 March they have collected more than USD10 mn of the very old receivables. They are confident that they will be able to recover most of the dues and by end of the current financial year we should have a fairly healthy balance sheet. With kind regards Rashida

Hi there - yes I did yesterday morning. Not heard back yet but will share if I do. Cheers.

Ha - yes indeed sir. IMO a no brainer at these levels probably all the way up to 24p. I still believe this is hugely undervalued. I thought the same about the last transaction - not sure. I am assuming a buy. It wouldn't be the first time that a buy was followed by a buy at a lower price, albeit slightly perversely! Perhaps still a small overhang to clear? Long term though, this is a winner I think. Happy to load up as and when I can. Cheers!

Hi! I too have had a reply from Rashida saying an update will be due soon. I did respond saying that the lack of specificity was unreasonable given the languishing sp and have requested updates on certain areas, such as the simplification of the last RNS, an update on the receivables in monetary terms - I also asked about timeframe of the promised forthcoming update. Nothing yet. Cheers.

Cheers for the reply. I now own 0.5% of this company!! A little more than I intended, but hey ho! Rude not to at these prices! I too have emailed Rashida today requesting an update on a few things. I will share if I get anything. All the best.

Looking at the trades today there has been enormous buying. How on earth has the ask not moved up? Has anybody got L2 - what does it look like? Cheers all.

See last RNS.

Thanks for sharing your conversation in your update yesterday. I have also topped up this morning with 40k shares. Best of luck all!

Agreed. Also imo the sells came for two reasons: 1. On the back of a 28% rise it stopped increasing and people hot worried it was going to fall back. As a result they sold and it became a self prophesied reality. 2. The rns is complex and few understand it. In my experience people are scared of what they don't understand. To me it appears that we are effectively leaving aim and starting again but on nasdaq. There will be a pleasant surpriseII'm sure at the ipo figure which we'll obviously all benefit from as shareholders. That's my take and the director of finance has even agreed it!

Think somebody is going to really regret their sales today!

You're welcome. 14.02 posting is copy and paste from the DQE FD. 14:04 is my confirmation to her to which she replied yes, my understanding is correct. 14:08 is just my own ramblings - better off ignoring that one ;>)

$50M is apparently the equivalent of 56.5% of the company. So, 100% is $88.5M, or £55M. Current mcap with sp of 11p is £6M. I appreciate that it is not as simple as extrapolating this, which would make a mcap on IPO of Mauritius of roughly £1 per share (55/6 *11p), but it can be easily argues that there is significant upside from this position.

So effectively DQ Mauritius will become the new DQE plc as we know it today and there will be a market for the current shareholders of DQE plc to trade their shares, just in a different name. This was done because it was not possible to issue the bonds in DQE plc but had to be done in DQ Mauritius.

The de-listing and merger of DQE Plc with DQE Mauritius will coincide with a liquidity event either by way of a listing on Nasdaq or any other Stock Exchange or a trade sale. On merger DQE shareholders will get the shares of DQE Mauritius and they will get the benefit of the listing on Nasdaq or the trade sale. The objective is very clear that we want the interest of the shareholders to be aligned with the bondholders so that they can also benefit from the upside along with the Bondholders.

No - you miss the point maybe. I'm going to get in touch with IR before I type what I think!

What consideration do you expect Mauritius to pay this DQE company for its trade and assets?

My understanding is that the trade moves from here to DQE Mauritius which will then be subject of an IPO.

Come on - this RNS is massive for this company. The company has been undervalued for so long. By the way, each time somebody sells, the true bid increases. I've been dummy trading all morning after each sell. I could get 11p, then a sell happened and I could get 11.1p. Then a 11.2 sell went through and now I'm being offered 11.35p. Whilst admittedly the increments are not large, it is significant as there is clearly a shortage of stock here. Huge re - rate coming. Look at the value assigned to our IP per the RNS. Oh and by the way who gets $50M agreement with a market cap of £6.5M, or say, $11M. Look at the figures in the RNS. Make your own minds up but I'm not selling for some time.

Cheers - good technical then here. The floor is technically getting cleaner and cleaner. My windows are drying. Hope it doesn't take 2 weeks as they need another coat and I fully intend to provide one.

Music to my ears - last week I painted the windows so technically should see some movement north. Interims must be out this week or next, based on last year's timeframe anyway.