Member Info for L1onheart

About 2 minutes after a 10:1 Consolidation! (Must surely come soon with all the shares now in issue)

How about 3 Little Birds ('Don't worry about a thing')!! Great news!

Results out and Breakeven.

Thanks Robsky, Informative as always! Hope you're well matey. L1

Typical AIM, spread is now the same as the rise i.e. 25% and is 9 bid and 12 offered - this is the one bit of AIM that needs regulating. MM's can just sit and not trade - pathetic. GLA

0.11P Bid already & +25%. GLA

......I'm back! Having left the building after several years in light of the attempted SOS/NTOG Boardroom coup, I have today got back in at 0.089 because I believe the RNS is a game changer. Access to all those funds, share of revenue, quicker return - hats off to RW and WED, although I confess to being somewhat stunned that this has been agreed against the unstable BoD background re SOS. Really happy for all LTH's and glad I was wrong in that I thought the sp had to retrace to 0.06p where the NTOG deal had been struck. One question though - the WED trial has been in operation since December so why the attempted coup? Presumably, SOS/NTOG saw the success and wanted the whole future pie with WED to themselves perhaps but, if so, why deal at 0.06p?

Hi smidsy, because there are only 2 proper directors, RW and Derec Norman the CFO, Ron Harwood is a NED Chairman as is Leonard Wallace. You wouldn't normally try and remove NED's in this case. It may just be to request seat(s) on the Board but I feel there's a bit more antagonism bubbling than that.

I wouldn't have thought that it was a coincidence. Likeliest scenario imo is that perhaps SOS and NTOG are working together and that the resolution will be to replace the current BoD, or at least one or two key directors, with themselves. They have 15% between them, the BoD have about 6% and PI's have 70%+ although NTOG could have been purchasing in the open market as well.

Requisition of a General Meeting is never usually good news especially as it seems to have caught the BoD unawares. It has to be a major shareholder to be taken seriously and the resolution is normally along the lines of requesting changes in the Board as in this case. A request to replace RW perhaps?

OM - could ring true as SOS was not being paid as you know; he only had his shares and didn't draw a salary. One could speculate that, a person not drawing a salary and being rewarded only by the sp, would be slightly hacked off to see his shareholding value reduce from a high of around $8m to just $125,000. Highly likely to cause friction at Board meetings and accusations of overhead excess even if it that was not particularly overdone. I don't remember feeling at any point that the Board were rewarding themselves excessively but SOS would not be patient if he felt that any overhead was more than it should have been. GLA

........or, on a more positive note, that people think/know that this is a prelude to a full bid from NTOG which would also underpin the sp in which case, well done guys and I've left too soon! It's actually the one share and BB, where I would genuinely be chuffed if that happened even if I had sold out. GLA

I totally agree but, for all my LTH friends, I am delighted that, so far, the sp is holding up. I can't think why it is but, I am delighted for you!!

Hi Smidsy, several reasons: - mainly because of the price of 0.06p, a 47% discount - that's worse than a heavy placing! - SS therefore agrees that the value of MAGP is now only 0.06p or less per share - SS left and we still don't know why - NTOG are not a very credible partner/investor imo due to their track record of Placings and dilutions - Was the sale down with the knowledge/approval of the BoD? - If so, and they are OK with NTOG, then why couldn't they convince Matt to pay more than 0.06p considering we keep hearing about how their reserves outweigh our MCAP, etc, etc, etc Yawn, Yawn If we hear anything positive from the BoD for this situation, then I may well buy back in but I think the sp must drift back to 0.06p in recognition of the value ascribed to the company by a local competitor, just like it would if there had been a Placing at a discount. You know I wish all LTH's well but I had hoped that, if SS sold, he would place his shares at somewhere near the current sp and a 47% discount to an already bad sp is a bad sign wouldn't you agree? Put another way, if 10% of the company has been bought for £125k, then 100% is valued at £1.25m, not our current MCAP of £2.11m surely, ergo a drop in sp is imminent imho.

Disaster imho - Stephen snead has sold his shares at 0.06p per share to NTOG. I've sold out. GLA

Like that RNS and entry to a potentially huge rapidly growing market. GLA

ndmLSE - From the 16th December announcement: "The attention of Sepura Shareholders is drawn to the fact that the Acquisition is also conditional on other Conditions and certain further terms set out in Appendix I and to the full terms and conditions which will be set out in the Scheme Document. Sepura Shareholders should take note of the Regulatory Clearances set out in the Conditions in Appendix I, which include the PRC Regulatory Clearances. Sepura acknowledges the very high level of importance and the materiality of the PRC Regulatory Clearances to Hytera, Bidco and the Acquisition." As I said, a minor concern but PRC have not yet formally cleared it although I'm sure they will.

All depends on your entry level and risk/reward profile. If you got into these anytime below these levels and are sitting on at least a 10% profit, then I would sell now but it's a personal decision. There are still uncertainties, albeit minor ones now and, as we always used to say on the Dealing Desks in the old days, "It's NEVER wrong to lock in a profit". GLA

When the bid just went up to 18.88p, the risk/reward threshold was reached for me so I'm out now. Good luck to all investors and see no reason why you won't get the full 20p but many a slip 'twixt cup and lip! GLA

Allowing for Financing, etc and the short time frame, 19p - 19.25p would be about right. You are 'almost' guaranteed 20p in 24 days so if this settles down even around 18p, you still have a 10% return in 3 weeks. GLA