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Actually, I take that back - the company report is for Fmcd (South Africa) (Pty) Ltd so that must be where the money has gone. What the relationship (other than incredibly similar names and the same bloke in charge) between the two companies is anyones guess.
That seems entirely likely, nice LinkedIn photo of the guy and he does have some solid credentials. Nothing quite like CRV to incorrectly spell the name of the company you've just give $1.5m to... why one earth would they want to cast a cloud of fog over their dealings...
Off the back of Karina's good work I have bought the Experian report on FMCD which has a few interesting nuggets in there: 1 Director - Olivier Edward Jean DE QUELEN Age of director: 36 (full DOB if interested) and a business/residential address Experian consider the company to be a 51/100 risk and there have been a grand total of 1 enquiry on the company in the past 12 months. And I assume that's me.
Did someone just buy 500 and then turn around and sell them 5 minutes later?
Still here
Thought we were still on AIM? Its the size of the spread that get me, it always seemed a bit counterintuitive that a 734/1 consolidation would result in greater liquidity.
Thanks for posting that Steve. Wait and see, from what I can make out from the Irish High Court website no date has been set for a hearing which may be the actual trigger for any comment from the Co.
Would have thought impending legal action was worth an update. *knowing the answer before asking question* Has anyone heard back from Spark or SI?
Sounds promising - based on Karina1's view of the business sense, plus all round positive reviews for the hotel itself and finally the fact that suitable holiday destinations are in increasingly short supply at the moment. I work in geopolitical risk and when you consider that three of the main near eastern summer holiday destinations (Turkey, Egypt, Tunisia) are now effectively off limits, places such as Greece are going to become increasingly popular. Mykonos, is distant enough from Turkey so as to not suffer the impact to its tourism trade from illegal migration that islands closer to Turkey will suffer it starts to look like a good bet. Basically a solid business, well placed to prosper from security developments, which cannot find funding owing to Greece's economic situation. Sounds like a good idea to me.
I found a current Royalty Sports employee on LinkedIn in approximately 30 seconds. Sales Agent - Royalty Sports - Jo'burg area - Jan 2015-present. Proves nothing, except that his internet search skills aren't up to much.
So the share split has occurred, Google Finance are still showing us as a TEMP with no live price, the spread on here appears to be anything between between 18-27%, thats registering in my HL account - but the system wont allow me to trade (were I wishing to), have to speak to a broker, but any trading is causing massive swings in my portfolio as it jumps about all over the place. My question is: is this the new world order, or will the stability and theoretical liquidity given as the primary reason for the split materialise in due course? Also wheres the $150m ?
Two trades totalling £1500 drop the SP by 9%, hmm
"and to undertake a share reorganisation such that the Company's shares will be redenominated in US dollars, reduced in nominal value by a small percentage and subsequently consolidated so that the shares each have a nominal value of US$1.00" I take it this will effectively result in a 100/1 split or so?
can anyone tell me the rough market size at the moment
My shares are sitting in an ISA atm - obviously the possibility of shifting to a new market (which I hadn't heard of) caused me to worry about the Tax Man coming to steal all my hypothetical gains - fortunately: Practical considerations Are Specialist Fund Segment securities eligible for ISAs? Shares which are traded on any market of a recongnised [sic] stock exchange in the EEA can be included within a stocks and shares ISA. Refer to the HM Revenue and Customs guidelines by clicking here. Of course we might not be in the EEA in the next two years... but then again CRV might have bought Luxembourg
Interesting RNS - no more AIM, re denomination in USD at $1.00 level (with a slight loss incurred), relisting on the SFS and apparently we've got USD $150m in pre conversion 1.25p shares? I'm confused. This sounds a little too good to be true? Is it?
is i bought today and paid 1.02 when the price was quoted at 1.10; so per the rest. buy.
1m, £9k buys @0.9p are fairly substantial by our day to day standards.
If I could get money for 1.25p, when it was worth 0.7p and stick it in an ISA and turn a profit on it, I would very much consider doing so. Actually I did. It was called a student loan...
Hadnt considered that 03 - but as TC said (?) - theres no confirmation this issue is them atm, could it be Desmond or Katawatshisname?