Member Info for ismalia

Don't worry - they would not have got the raise away unless they had a good story

Have been very happy to have topped up with 3m plus at 0.16 to maintain my position, no dilution, plus a few more. The asset value has, and will further increase over the coming months. The scare of the place and the resulting drop in the sp has been no problem for me as I can see massive upside from here

Morning Fortitude. They were talking about an additional location in Wiltshire which is in the same area as the pub estate and perhaps we will hear more when we have the prospectus. I don't know anything about Dickson or the potential he will bring to the group. However it would appear that we will be a more diverse business. Any thoughts on the timing of relisting?

We now have 106 cars which means a substantial additional investment. I thought we were building a gastro pub business.

I think WN has just got too big for us and would not be suprised to see an offer for UJO. Seems to me it will be cheaper to buy UJO than any interests we own. This could be a case of the whole being worth more than the parts.

Good - the car that I purchased has reduced the stock level. It's a pity they don't update the gallery of stock held.

Thanks for the thoughts.

This will be due soon. It's all a guess/speculation but any thoughts on what may be include? Also anyone any thoughts on the sp on introduction.

Quite a premium over what I paid so it looks as if the market had the take out price about right. As for Iron I feel the disposal of the assets will yield a substantial value in excess of the current mc. Monies have been raised well above the current sp value by those who saw the potential .

We now seem to have 102.

I have a much better understanding now - thanks Fortitude. All we can do now is await the Prospectus. The ducks are lining up so let's hope they behave themselves and head off in the right direction. RNS suggested a higher sp when shares are issued - I wonder what the issue price will be.

I am sure we will be finding out soon and there is no good reason to suppose all interested parties will not want to do a deal

Thanks Fortitude - you say GC has controlling interest in the taken over company which I take you mean the target. Is this then a related party RTO?

Looking at history we can expect the Finals on or about 7 December. An ideal time to update all on the current position, so we can expect some interest ahead of the announcement.

Fortitude, you say a very different animal will emerge-how different I wonder as I quite like the idea of building a hospitality group. GC to step down as Chair if the target Chairman takes over?
In any event I see substantial growth in the sp.

Not concerned about CO. I make my own decisions based on what facts are issued. I am a buyer at least up to 0.30p and probably higher. If you believe the story don't be put off by those who only read half the book.

When does the license expire?

Just about at the bottom now IMO. The assets are too valuable to be ignored so I feel we can expect some interest over the next couple of weeks as I am sure GC would like to tidy this up before the year end. A major could either pay cash and leave us as a shell or have cash to distribute, or exchange shares. Sub £5m looks cheap verses assets

Morning Fortitude - I'm inclined to agree with you that on return, which I would expect in early December we can expect the sp to be somewhat higher. In addition to the acquisition shares, a placing will be the most cost effective way to raise and bring in new investors. A move, at least to AIM is a must and like you I am here for the longer haul. Not too sure what will happen to GC though but were he to step aside (perhaps only for the short term), he does have interests in hospitality - Boston Tea Party and an Events business that could be absorbed into Barkby. As I have said I feel the deal is done and the Prospectus has already been printed and I would not be surprised to be reading it this weekend. As for the sp I think our current value of 6p somewhat undervalues the worth of the business so any shares to be allotted to the vendor would need to be valued at least twice that price. We must also remember that the original investment by GC and others was 9p.
12p - 15p seems a good place to start and that is not intended as a ramp.
We will see shortly

We need to see the documents which are probably in the post. IMO they would not have suspended unless the deal had already crossed the wire. Seems to be a quite massive acquisition for a £2.5m capitalised company.