The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Man, Always the optimist!!
It’s not over yet until the RNS says so
Cancellation of trading on AIM
Pursuant to AIM Rule 15, trading in the Company's shares on AIM was suspended on 6 August 2019. It is currently anticipated that trading in the Company's shares will not resume until the transaction with Supply@Me is completed and the Company has been successfully admitted to the Standard List. In the meantime, Abal confirms that the cancellation of the admission to trading of the Company's ordinary shares on AIM will take effect from 7.00 a.m. on 7 February 2020, in accordance with AIM Rule 41.
This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
Excuse my ignorance but what does this mean to us share holders?
I am hoping no news is good news but have basically written of my investment here
I would say that it's possible that they are scaling up for the RTO or it might just be them expanding their business. Us PI's can only speculate and cross our fingers!!
It is not looking good. IMO if we don't hear anything next week then its over
This could be huge if it gets approved, exciting times ahead
Clear as mud! Hopefully we won’t have much longer to wait for some positive news!
Good find Ace. I have been wondering for a while now what this means for us shareholders as this statement concerns me "liquidate or redeem the shares". Does this happen at the current share price or maybe a higher target price?
I would imagine that it will need to be voted on for shareholders approval.
On what to expect: probably heavy dilution to the current share issue. If this all goes through, then who knows where it will be in a few years. This would be a long term hold for me, here's hoping it all goes through and Brexit does not put the brakes on it
The more I look into this the better I feel about my investment. Especially the link to the company SIA. My only concern is how many share will be issued to by Supply@ME
SIA - https://ibsintelligence.com/ibs-journal/ibs-news/supplyme-launches-inventory-monetization-solution-through-siachain/
Alessandro Zamboni is the CEO of AvantGarde the 75M euro rated company and Supply@ME
Exciting times ahead
Thanks, never noticed that bit
What results are they awaiting on? I can't find any RNS that confirms this!
Larus can you expand!!
Not looking good for Abal now, unless I am missing something
If they do list the said companies with a RTO then liquidate or redeem the shares what does that mean for us share holders?
What rumors?
Julian I couldn’t disagree with your comments. The AIM is the Wild West