Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Look at Aquis or their Website
These due during the next couple of weeks so we will see how we a doing. I doubt if the figures will be much so I will be interested in what has happened and where we are going.
It may well be that DD has been done and a prospectus is being prepared - we just don know.
MB dropping stock?
I don't even think that describes the way the business has been run for the past 10 tears or so as house building has boomed.
They may well be looking for an RTO but I question their ability to do this notwithstanding legal and accountants in management.
Yes I feel the major and frustrated shareholders having put £Ms into the company over the past 20 years, perhaps longer, and having shown MB the exit now want something in return. This is why the new Chairman was able to pick up a decent stake. We will need to leave it to 2022 to see it coming together.
Good to see new blood joining and as with others, many who have since left, at "exciting times".
But I do wish they would stop banging on about a 40year brand that during the last pre Covid year only achieved T/O of £11m. They need to drive forward by acquisition. Perhaps change the parent company name and keep Norman Broadbent as an operating brand within the group.
4.3p of earnings suggests a post tax profit of more than £12m based on 280m shares. I don't beleive that is possible.
280m shares in issue following placing which comes to about £60m at 21p. GL with the arithmetic.
MC about £60m. We will need some descent earnings to keep up with that.
We must remember that we could have some good feedback from the field during the coming months and must also bear in mind that investor interest generally returns towards the end of September. An interesting run up to Christmas.