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See no strength in the Accounts or share price . Uplift in sp purely due to cash value of its recent asset sale being written in by the market . Yet to be convinced they can sustain any real growth .. bad press poor standards of maintenance repeatedly reported in the press .. still on the sidelines here ..GLA
It was clearly not their intention to keep that way .. or it made a total hash of the statements they’d written in the accounts .
Only 2 days later a RNS confirmed what I said .. so who was correct .. wasn’t too difficult to see this would be rectified .. either that or we were invested in a VC company with no ability to continue as a VC company and expanding their PF ..
My point is all those moaning now should have read everything available and they would have reached the same conclusion .. and wouldn’t have been so surprised by the update .
I posted on Friday that it was naive to believe they would remove their ability to do a placing. especially as in the annual statement it stated they wouldn’t rule it out and were in talks with some promising companies .
Don’t blame the BOD for people running away blame those who were posting on here saying they have removed their ability to do a placing . NO PLACING !
No company would do that especially a VC company .. !
DYOR and read what’s already out there not just read the bbs and listen to what you want to hear !
GLA .. well done those who took some profit at the top .. be time to get back in soon :) rinse repeat ! GL
I didn’t read the end of year statement in the accounts that way .. it depends if they decide to back companies they are in discussions with doesn’t it !?
Not saying that’s a bad thing .. it’s what they do after all ! Nothing wrong with placing a if it’s for re investment and not for liquidity issues . ?
I really don’t read it that way .
I have concerns over the selling of a performing asset and I’m also hearing worrying things from some landlords about mistakes that are happening around raising of invoices and late rents at strategic times end june YE etc . all of which could potentially be clouding the actual strength of the balance sheet here .
Time will tell .. but I’m out for now at least until I see how this plays out over the next few months .. GL
Def been institutional action recently .. leaky ship, potentially sale passed go maybe . I’m sure we will find out once the buying stops ! ??
Been going on a few weeks now .
Agree .. the tangible sale value already written in .. any value is in the contracts now .. lose those or fail to make them pay and ?? !
Someone has been buying large chunks recently .. wonder who ..holdings rns soon ?
https://simplywall.st/stocks/gb/commercial-services/lse-mer/mears-group-shares/news/what-type-of-returns-would-mears-groupslonmer-shareholders-h
Doesn’t make good reading .. they don’t mention that the only positive ie the uplift in SP is due to the sale value of the only tangible asset left worth selling . Perhaps that’s in the extended report ! If anyone buys it be interesting to know what it says ., GL if you a holder of this share .
Not impressed to be honest .. care sold for less than expected ...so looks like they struggled offloading that mistake !
no good keep buying businesses / contracts if you can’t make them work for you then selling them off !
Revenue up but that’s a side step from the mite acquisition isn’t it ? I’ve done a lot of research into the AASC contract too ..looking at G4 and others who’ve struggled with the contract I’m not sure it’s the money cow they hoping it to be ! It’s a political hot potato too and I’ve already seen some negative press bout their running of it and it could attract heavy gov fines if not careful ! I’m still hoping .. but ive got a close eye in it !
Here is a list of brolers I have found.... •EFG Harris Allday - London, Midlands, South East, South West, Wales •Fiske Plc - London •Hargreave Hale Ltd - London, Midlands, North West, South West, Wales •Redmayne Bentley LLP - East Anglia, London, Midlands, North East, North West, Republic of Ireland, Scotland, South East, South West I have spoken to Redmayne....there is no charge for transfering the stock in via an ISA (mine is in an isa) the dealing charges are 1.65% (or min which would work out at about £25) the annual charge for the isa is £60 + VAT Hope that helps..:)
Spoken with them....if you hold in an account with them you will need to transfer or sell before the de-listing...as its a forced transfer due to them not trading on AUX there is no charge for the transfer...they will be communicating with holders within next few days..
Thank you for that...the main exchange was always AUS...fundamentals havent changed...other than costs will be cut..so see no reason to sell this yet... We shall see GL
I take it that was before the announcement....waiting to see ow it trades today GL
will be interesting to see what this will trade at in Aus...?
closed periods.....http://uk.practicallaw.com/6-107-5930 Dont understand why they think they cant talk to anyone whether in a closed period or not. ?
RNS Number : 6232P Palace Capital PLC 05 October 2011  Palace Capital plc Completion of Acquisition 5 October 2011 The Board of Palace Capital plc (AIM: PCA) is pleased to announce that, further to the passing of all resolutions proposed at the General Meeting on 3 October 2011, all of the conditions for completion of the Acquisition Agreement have been met and the Acquisition of Hockenhull Estates Limited has now completed. All definitions in this announcement have the same meaning as those set out in the Admission Document unless stated otherwise. Enquiries: Palace Capital Plc Neil Sinclair, Managing Director Tel: +44 (0) 7785 226666 Fairfax I.S. PLC Katy Birkin/Ewan Leggat Tel: +44 (0) 20 7598 5368 Lehmann Communications plc Ronel Lehmann Tel: +44 (0) 20 7266 3020 This information is provided by RNS The company news service from the London Stock Exchange END ACQFSAFDIFFSEFS
Palace Capital rejoins AIM 04/10/2011 Miles Nolan http://www.growthcompany.co.uk/news/1659528/palace-capital-rejoins-aim.thtml Investment vehicle Palace Capital (PCA) has rejoined AIM via a placing that has raised £523,000. Last month Palace declared that it was entering into a reverse takeover of 'Hockenhull Estates' - a collection of commercial premises totaling nine offices and shops in the towns of Crewe and Nantwich in a deal worth £1.8 million. Prior to the deal with Hockenhull Palace's main asset was a 50 per cent stake in Grafton Insurance Services, which it sold to property group Safeland for £90,000. This September the group noted that following the acquisition of Hockenhull the business was looking to pursue 'Additional acquisition opportunities within the UK real estate sector' arguing that 'significant opportunities for growth exist within the UK secondary property market'. Palace is steered by managing director Ronald Sinclair, a doyenne of the property world who founded surveyors Sinclair Goldsmith. Overseeing the action at Palace is Stanley Davis, a North London-based founder of property search specialists Stanley Davis Group. Also on the board is lawyer Anthony Dove, the solitary non-executive director. Major shareholders include fellow North London businessmen Larry Lipman - a director at Safeland and Andrew Perloff - chairman of listed property group Panther Securities. Shares in Palace have fallen 38 per cent today, currently trading at 2.63p, valuing the company at £830,000. Having changed direction to enter the property sector the business is a small and tightly-run group. With little known about the business, and no research available the shares warrant a speculative rating. Tags: AIM minnows, Insurance services, Investment vehicle, Penny shares, Property business Sector: Real Estate
Dont understand why you would think they were delisting...??