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There would be nothing more than I would like to see than an RNS and much needed news. I would have thought however there would be a few more trades than 2 that i have seen today in the first hour and a bit.
So the posters that have alluded to news please elaborate in what you think you know its all well saying be patient etc, then we get the one liners but nothing to back these up.
So if you think news is about to hit - where are you getting this from and you must have some indication of what the news is - if so what are you expectations going forward in regards to SP when this news does hit.
I do hope you are right and if you are then great would just like a little more meat to your post
Not going to get too carried away but we need a lot more days like this - plus multiple in the double digits trades of 100m's and not just the odd one or 2 which would suggest the average PI is taking a gamble like all of us here.
I'm not saying we couldn't have a PREM style rise as we all know anything is possible, But with ICON it will all depend on the size of the company that is involved so I will go for a conservative anything from 5-15 Mcap which would be a remarkable upward turn from where we stand now.
Put things in perspective and lets say 50bn shares which is crazy to start with.
0.4 (Where prem is now) ICON - 200m MCAP
0.2 - 100Million
0.1 50 million
0.05 - 25 million
0.04 -20
0.03 - 15
0.02 -10
0.01 -5
So yes lots of upside in this if its a big enough company . Would love the 0.1 valuation but setting my sites a lot lower until we get that RTO RNS if it comes.
Invested prior to going into administration. Since coming out of it which i don't think any of us thought it would. I have have been building a large stake - and taking advantage of the lowly shareprice - as I don't believe they would have gone to the lengths they have to bring this back from the dead. Its very risky but any sign of a Positive RTO plus reputation of this board I don't think they will want a failure on their CV's then this could be a very lucrative outcome investing at this level. We will see what happens over the coming weeks and months ahead. Communication is very poor at the minute but if they have nothing to say at this moment in time then its pointless putting out RNS to say nothing. Would like them to do a bit mote PR to state they are still alive - AS said we will see what happens going forward.
Hi Bag - There are some advantages and disadvantages to be on Main market. Mainly a prospectus with a proposed Share price, transactions can be do quicker - however without the need for shareholder approval, where as AIM shareholder approval would be needed. Main Market has to have a certain valuation - plus be more transparent in reporting than AIM there are other certain aspects. I am not an expert to be honest but this is my limited knowledge but there are plenty of links to explain the 2 out there.
40% spread doesn't look great - in reality I think a bit smaller than that. It should put the day traders off though.
You would hope that they have now had enough time since suspension lifted. If it is going to be drones which would be the logical step given we know they have done a deal with tonner and delta and list it on the main market.
Personally I would have thought we would have a letter of intent or Heads of Terms signed then the prospectus. Regardless it would be nice to be given a corporate update as its all guesswork at the minute.
I have tried to email them a month back and you do get a response from Yellow jersey (PR) also tried email yesterday but no response as of yet, So anyone saying news in coming again its guesswork - unless you have direct access to the board.
At the moment its just a waiting game but any signs of news of a positive nature we should be multiple of where we are today
To rocket past the re-list price - which i do hope you are right the new look company will need to be valued above 6/7 million and 12 month high over 12 million. That would be great. If they are build a portfolio of companies then this could well be achievable in the first instance. Just getting to 0.1 we would need to be valued at £46.36m and that is not including dilution - so I am going to assume there will be some share consolidation as part of the RTO.- that if there is an RTO.
All if's and buts.
Interesting though it was bought for £5 million - and I was reading Delta had/have enterprise value of £15 million all different ways to value a business - It could get very interesting if this will be the RTO that we are waiting for so anything from 0.001 - to 0.003 in the first instance based on current shares in issue - and I am allowing some more dilution into the mix.
That would then be a good base to start from and yes would take abit of the slice of that 12 billion raising to 30 billion by 2030, I don't think I be invested by then though.
The acquisition between Delta and Tonner was completed yesterday, Delta drones will now become Tonner. So I assume now that is complete and if this is us going forward we should here something very soon..
If not then god knows - and their time has been spent with that and not us.
I was dealing with old NUOG Shares held by legacy holders before consolidation etc.. My point being not very many to get worried about from a company perspective, I can only imagine that there is range of 50-60 people that were invested at the very end and that is probably an over estimate from my behalf. Not enough to crash the market/share if we all sold from the get go. Most of the people that i know who hold are in to see how this pans out and not to sell straightaway although granted some will and I don't blame them, so this so called book building that is taking place to add extra to the pot is fruitless - If they had the money/funding then they should have re-listed as per RNS for the 24th Jan.
My conclusion but could well be wrong is that they have not raised enough at the present time to be able to launch hence why the long stop has been triggered. Well early Feb is a week today onwards.
But as said in the grand scheme of things all that matters is this re-list and it gives investors like us the chance to regain some of our initial investment . I want the company to have a great future but with very little info to go on we need an investment case whether to stay invested or to see how this goes over the coming months - hence why we need so much better communication from them going for otherwise it will be a job for the boys and nudge nudge wink wink etc.. which we want to come away from going forward.
I honestly do feel that they have struggled to get money/funding on the right terms hence why we have not re-listed as of yet - They have had a further 6 weeks since the GM - and we all know that placings in the past have been pretty quick to source - so I don't buy in to that they have the money to save the share crashing because upto the max 60 people will sell on the day. which we know most would want to see at least a little rise before selling.
A little long winded for that i apologize.