Member Info for Joco_ohno

Sorry Johnny I am with Pranchalee on this.. RNS says we don't need the funding so this is nothing more than a gift. Bit of a middle finger to all the old holders to be honest.

Somebody has paid it!

Still tiny volumes, but would be good to see this walk up a bit before results end of March. If the group can hit anything close to the broker targets for FY14 then we could look at something more like 4.5-5p a share. (and that is based just on the old group, which has grown by 75% following this acquisition.) http://tavistockinvestments.com/wp-content/uploads/2014/11/WH-Ireland-Research-Note-041114.pdf

Good to have a few more. I think this will go up based on the old Groups results alone. then just a month and a bit of time to integrate and produce the full years off the back of that.

Just acting as Trustee, real shareholder is City Financial Equity Fund, based in leads, more detail here: http://www.cityfinancial.co.uk/node/414 Also share being walked down with tiny sells, ridiculous

Don't think Jim Mellon is involved with BNY Mellon.. care to clarify?

Consolidation of these businesses, organic growth, pump out some results and this could soon (this time next year) rise to a market cap of £60m. Also worth noting that we should expect an update on the current business in the form of full year results in the next few months.

expect to see this deal done today. 75% of shareholders already signed up to approve the move (according to admission document on Tavistock website). Should massively expand the group - and looking forward to see how the market reacts over the coming months. Can't even really see people selling tomorrow as all existing shareholders will still be down given the share price before placing and after. Even the non-expanding group should have re-rated upwards all things considered when results were released.

Interesting - have struggled to find a price they paid for it though, that would be a good indicator of potential value here!

Not a lot of listed groups of advisors out there, but Mattioli makes for an interesting comparison: £30m revenue (full year results from 2014) 4.6b Aum MCAP = £100m Would make this a very tasty proposition in the next year or so, enough so that one of the directors is sticking £200k in.

Agree completely, even a modest multiple of revenue would have this rating a lot higher. This old business was valued around 7.5p, but I would have expected that to go even higher when full year results were to be announced. This RTO should take the firm to a whole other level, albeit with an increased shareholder base, still expect it to be above 7.5p though

newbrummie, I checked and people have until 23.59 on 4th Feb to accept the offer, after that it will be processed on 13th Feb subject to the decision at GM.

Hi Newbrummie, Yes there is an expiry date, I think it is 4th Feb, but will have to check for you. Then whatever people decided will get actioned pending the results of the GM. Given we had big investments at the 7.5p level I would be expecting it to return to that sort of level after GM. Also we should expect full year results between now and May which will give us a clear picture of how the business prior to this RTO is looking.

Millsm I suggest you go back and read the previous RNS releases. It should be pretty obvious what is going on here.

See's aggressively wide spread at the moment. Will deter buyers!

Just got the note through inviting me to purchase the shares at 2p. Only going to be a small amount of money to buy in so going to get on board.

My apologies Shug, you are correct it's a 2p placing price. A 3rd of the previously close SP. Now the question is to buy in or not to buy in!

Agreed, pretty frustrating - can't believe they could only get 1p for the placing price!

2014's most boring share...

Exactly - 3 years time. Shareholders would be given a big confidence boost if the BoD awarded options at 10p say, or something higher than current SP to show where they see this going.