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sjsrace. Northern & Shell "received an approach to buy their remaining shares ..." That's singular, imo, and strongly suggests that 4% of RCH went to one buyer. https://www.lse.co.uk/rns/RCH/holdings-in-company-nrw52x6gd641z2m.html So 9th June to 7th July and still no TR-1.
4% ~= 12.5m shares valued at c. £31.25m on 8th June. On that day trades hit 35m, more than 15x our usual daily volume, reflecting 25m buy and sell plus big momentum interest (and Luxor?) then back to our usual 0.5 to 2m per day. Even if it was multiple buyers I can't see PI's picking up >£30m of shares in one day so it had to be Insti's, yet none have since reported an equivalent increase in their holdings via TR-1 or Marketwatch. 12.5m shares can't just disappear and I'm more curious as time goes by.
Pids. Brinley said a 10k sell. He's an honest man so that's what it is. Somehow though, it got reported as a 10k buy. So lols all round. Way to go. Brinley Buffet strikes again.
Seriously though, everyone's circumstances are different and if it was a free trade then it's gonna get him some free beers down the line but Peter Jay needs to put some positive news out now to create interest before peeps drift away and it settles into the teens. I'll not be topping up as I've more than enough to be going on with.
btw. PJ replied to say he'd be speaking with SPC's web designers to see what could be done to get LSE to update the incorrect info on LSE's SPC web pages.
Why would players be banging on our door? What can we offer with £2.8m? Us going to them might bring an earlier result as we're told there's plenty of risk capital available. But if that's the case why don't the targets access it themselves?
Speculation, gut feel and Raglan are what persuaded me to grab a couple of million early doors. I've had the chance to make decent money at 0.32 but I still hold them all. There was clearly a hiccup (feckup?) with the secondary AQSE listing, and ORPH screwed up with company name changes around the same time, but why would SPC go for a secondary listing unless it was a 'requirement / preference' of an RTO target asset and close to conclusion? The market seemed to agree as we shot back into the 0.30's but we'll have to wait and see. GL.
JM. The thing is we've got five weeks to come up with something and £2.8m doesn't buy you much, so:
- Identify and acquire target, Rule 14 RTO, raise funds, dilution, or
- Suspension, then
- Readmission as an investing company requiring at least £6m cash, so raise funds, dilution, or
Today's drop and a 10% spread are understandable as people see Mountfield's last year rather than SPC's upcoming year. I'm disappointed we didn't have a better update on our asset search but at least we stayed above the placing price. Peter Jay has to significantly improve sentiment to get us back above 0.3p before a fund raise or we're gonna be diluted to hell. Its's bad enough with 1.8 billion in issue - and I was looking for consolidation! Ha.
HC. Yes, in so far as TR-1's are concerned but that doesn't stop the company disclosing their position as Significant Shareholders on the company website, none of which had happened when all four held greater than 3%.
Simply stating "below 3%" isn't good enough in my book. Other shareholders deserve to be kept better informed with regard to SPC's founding investors. Are Potts and Edwards now at 2.99% or 0%? Did they just invest at 0.2p then pull their original stake out for a nice early profit leaving them with a free ride on the one for one warrants at 0.3p? We've got 'til 2nd August for a reverse acquisition. We need good news very soon before peeps start leaving.
According to the shorts tab on here and elsewhere, Luxor held 0.91% short on 22nd June. How often is this updated?
Interesting to see they've been shorting RCH since last July (peaking at 1.91% last 25th August) and were shorting Future before that. They stayed at 1.91% until 7th June when they reduced it to 1.13% and then on 22nd June to 0.91%. During that time the sp has moved from 50p to £2.80, and they held c.6m shares through that time? Pfuff ... someone cost LUX a packet by sitting on their hands. https://shorttracker.co.uk/manager/luxor-capital-group-lp/
And FWIW: https://simplywall.st/stocks/gb/media/lse-rch/reach-shares/news/what-type-of-shareholders-make-up-reach-plcs-lonrch-share-re
AR tomorrow but covering Mountfield to 31st March. Should be a forward statement re incoming asset/s but we'll have to wait and see.
Have asked Peter Jay to amend info under Mountfield on LSE website and to update "Significant Shareholder" data on SPC website (last updated 19th March!) and confirm current Director + Raglan, Potts, Edwards and Sanderson shareholdings. We'll see how responsive he is 'cos up to now he's told us nothing.
As I said above, "Always thought a TU three weeks before a half year statement was a bit strange." but if not on 2nd July then where did IC get that date from as they're not the only ones showing it? Interims - Reach plc. Someone needs to clear up this confusion.
Many thanks GS. I'll go with any and all of those thoughts. Sorry, can't help with techy bit though.
"Ludicrously undervalued ...."? Some might say that having five bagged in less than a year you can't expect it to bag again by Xmas. But then from the previous high of 170p around Jan '20 no-one could have foreseen 50p last August or 280p today. Suffice to say, I can't see there being many unhappy investors hence a decent bb, but are those the sort of wild swings that the big boys want to risk? Lux obviously called it wrong. GLA.
P.S. What's the latest on charging Google, FB, etc., for news?
You don't like being challenged, do you Ryan, but good on you for agreeing that many of your posts were ill researched, wild dreams or simply wrong, however your last three posts, still trying to justify those errors, says it all. I am not "clinging to the technicality that the fund raise isn't complete. Have a day off." I'm talking fact, Ryan. Straight and level. A mere technicality, eh, when the RNS states an "intention" to list not a commitment? OK - I expect it will list, all things being equal, but it's not a reality yet. Add that one to your above list of reluctant mea culpas.
None of this started out as personal but you pulled the trigger by rejecting reality. Petty sarcasm, playground name calling, all the sort of stuff which I guess, if aimed at you, would put you in a right tizzy. Doesn't bother me. Neither do childish jibes from others who I've called out in the past but who think it's clever to jump on the bandwagon while the jumping's good.
Just like you on me, I've no idea of your background, your career or your life experiences. All I or anyone else has to go on is your posting history and your responses, so far from 'trying to demolish you' as someone put it I correctly checked back before making comment on current posts. Seems only fair.
You say "I have made some mistakes along the way, but I'm also learning along the way also. I am not a professional investor ..." Fine. We all started somewhere but not by dishing out advice and forecasts and telling old hands to "get a grip". Like many others on here, I've been round the block a good few times and am similarly street and BB wise'ish. If I find ramping for the sake of it, as opposed to reasoned positivity, then I'll let it ride until it becomes too much which is what happened here.
You started this "Still not worried" thread at 18:41 Wednesday and carried on talking to yourself on it 'til 22:39. You made false claims which I later challenged. (Re profitability, btw. You can put up all sorts of charts in presentations just as happened last year - then we got the full picture last week. And £5m from CF? I've backed him with 10% of my wealth so why shouldn't he back himself with at least a similar 10%?). I posted my considered response to your initial posts which I stand by. Read it again.
You said you want to move on but you've now put up three missives at 21:10, 22:55 and 23:10. No-one else in between. Just you getting all wound up and talking to yourself again. "Still not worried"? What is it? Overstretched? Underwater? And now wanting CF to hurry up and put his money where his mouth is or else your sentiment will change?
You've a lot to learn, Ryan, but you won't do it this way. GL.
Ryan. You're a one horse ramper trying to shout down anyone without rose tints who calls it straight and level. 5th May: "What a load of tosh! "Investors turned bearish on the company expecting the demerger to hurt the overall company's value, with many wondering when the sell off will end" complete rubbish! The support is at 38p if it drops below that then we should re-think, other then that the share price is just continuing with a natural pattern after just reaching a recent high and taking a dip. Ask what has changed? Nothing at all."
You've presented yourself as the ORPH guru on sp moves, new highs and what's round the corner but can't even get the terminology correct: "three dividend in speciale". 17th May: "Combined with good news can see 40p+ again by the end of the week!"
3rd June: "Once this final drop is completed we are going to shoot into the 40's/50's. Too much news coming our way and the technicals well within our favour. We have been gearing up for this shoot since 12th of April. I'm calling it now within the next couple of weeks, just wait."
I've often noted that constant ramping and getting it wrong goes hand in hand with lack of knowledge. 8th June: "Glad you cleared that up extrader. For a minute there I thought they were diluting 25 million shares on a 1:5 ration meaning 125 billion shares (which obviously couldn't be right)." And even today: "Open Orphan must be seriously considering share buy back. Voting rights just come through on my II account for us to allow OO to share buy back. That's great news if they do it." You were quickly corrected but followed with "Fair enough, would be a great idea if OO did it though. Lots of shares in issue atm. Would be nice to see them cutting some of the dilution down ..." What dilution? WTF are you talking about?
On top of all that, you're a liar: "Strange that you would go that far back to research my investing to see I had a 23p stop loss. This was down to me trying to get out and buy a further dip. You will know that stop loss never actually happened did it now."
So it never actually happened? How about this then from 28th January: "Unfortunately my stop loss kicked in at 23p but ill be buying back in at these low prices."
You see Ryan, it's important to present facts not speculation or make believe. You have a problem with reality and kick off when challenged. OO have NOT delivered the first spin out. They're still raising funds for it. It's not delivered 'til it's listed but your unquestioned doctrine, and it was obvious I meant yours not OO's, ignores that inconvenient fact.
As for everyone else who had a pop at me, I have not / am not on an anti CF crusade and haven't sold a single share. All I and others were doing was countering those who only see (or post) one side of it. Don't make assumptions and don't sulk 'cos you were challenged in the past. GLA.
Ryan. I think you need to step back and look at what you just posted, especially the last one.
CF is Open Orphan - or at least he was until recent appointments. You invested in his story, his vision, so don't now try and pretend he doesn't count. He, or OO if you insist, has not "just delivered upon its first spin off". Far from it. We still await the outcome.
We don't know that OO "has been profitable since Q4 2020" - have you seen figures that no-one else has? And you're sure the remaining spin offs and potential cash divi will be here by year end?? I think it's you and the 15 peeps that recc'd your post that need to get a grip. Being justifiably positive is one thing; blindly following an unquestioned doctrine is quite another. What's needed is a mind open to what's on the page in front of you.
Saying we don't like CF is a stupid comment. Many people here are talking about the well being of their critical investments, their ISA's, SIPPS and a not insignificant chunk of their family's future financial security. These are not flippant jibes at CF by non thinkers but legitimate concerns of LTH's that they have a right to voice.
Strange as it may seem, it strikes me you have similar concerns (you had a 23p stop loss taken out in January - I don't go with stop losses myself on AIM) and are looking for reassurance in the light of what's been posted this last few days. You want CF to get the info out, to put things to bed, to put his money where his mouth is. Are you currently underwater and in need of spiritual buoyancy? Was this a call for a bit of bluster and stiff upper lips all round? A BoJo moment?
You're right to say that sentiment may well change on good news but that won't alter CF's foot in mouth moments. Neither will they be easily forgotten. A £500,000 investment from CF would be nothing to him. One per cent or less of his spare cash? Remember he (Raglan) tossed £170,000 into SPAC UK "by mistake"! Nothing less than £5m into ORPH or POLB would impress me so we'll wait and see what transpires.
Gorge. Who you? Where from? Joined 2nd June. Just this one post, but in support of Ryan. Hmm ....