Member Info for Latino

Yes a move is most definitely coming, it’s a question of when than if. He crossed 23% before EGM and from the votes made no attempt to block the delisting. So, it’a very much building for a takeover....Very little available on open market to get to 29.9%, so he’s probably buy up all loose stock available and then will have to make an offer to shareholders for the rest?

...on the cheap...happy to take all lol

Nope next news is due anytime! Lol

R. Griffiths 2.7m to £700k ouch....at least my losses are a lot smaller at this moment lol

My guess is he’s lining up for a takeover - 29.9%, currently at 23% of last TR-1, must have bought another 2-3% by now?

Cheers, feel this is a key feature here. As I can’t see how they would not also further invest in new acquisitions here as surely they will want to recover on their losses. So point is they will have around £800k cash + a lot more if from their mega investor if they find the right investment!

From what I see the major shareholder holds over 63% of PAL, from what I see they paid around 5p for these in 2013..can anyone advise on this??

He’s not they only one, if you look at the shareholder list. At least MMs have bothered to show a more subtle spread from 150% yesterday to 50% today....lol however can trade very little here.

Check out the major shareholding (Jan 20) who are backing this sale, but have significant holding and appear cash rich....interesting to see what KLK are planning here?

KL-Kepong International Limited 223,959,702 62.86%
Mr Lee Guo Zhang 17,000,000 4.77%

CEO
Michael Frayne, Executive Chairman of EPO, commented:

"The last few years have proved to be a very difficult time for the palm oil industry in Liberia, and worldwide, which as shareholders will be aware has significantly impacted the Group's ability to develop its palm plantations at the rate we would have hoped. Indeed, last year we announced that Butaw estate would cease operations as it was not economically viable to continue.

"Having extensively considered the proposed Disposal, I, and Geoff Brown, believe that it is in the best interests of shareholders for EPO now to dispose of its interest in LPD and seek to utilize its cash reserves, of approximately £800,000 expected on completion of the proposed Disposal, to seek to acquire another asset which can deliver value generation for shareholders in the near to medium term."

Clean cash shell £800k..

Again soon I think!

Not all the delisting shares are the same, one needs to be very careful. This is because most delist because they have no money left or about to go into admin. Others don’t have the major shareholder base that this has.

This one is very unique I think because they have £11M + £4M cash, have already confirmed they will be selling ‘Proudfoot’ and they have large investors sharing around 95%...and my guess the remainder 5% or so or nearly snapped up...those holding could well get a hugh premium for these scarce shares...dyor

Up showing on my screen...but price 0.5, sell price 0.2....!

How the hell can MMs get away with this! Remember this is no AIM share but has full LSE listing governed by FCA!

Don’t think PIs will be able to buy soon..watch!

Just gone through!!!

Boom time!

Placing shares have gone into sticky hands - not being forward sold...watch this move a major re-rate beckons!

Also, in the mist notice RUFUS is gone! New executive coming in...big investors calling shots here and heavily invested!

71% of the placing has already been gobbled up by the II investors....sticky hands so there is little forward selling. Can’t see how this can stay here for long!

It’s so so obvious, these shares are worth a lot more. Hugh investors already in big time...but MMs trading this to give false impression that these are worthless...just look at the big investor list over 93% tightly held dyor

Game changing RNS....and we’re mere 20% up...fjet done near 400% earlier with zero news...baffling!!