Member Info for Lothbury

Just enjoy these few weeks before all becomes, regretfully, unhappy..

I’ve been quietly monitoring this company for over a year but I have, regrettably, come to the conclusion that no industry competitor will bid for this company or any part of it. It’s all those esoteric overseas contracts and jumbled earnings that makes this unattractive.

L200 : I didn’t know there was a hold-up .. can you tell us more please?

Citi : “cross-ramp”???? I’m just curious to read your comments on other stocks you follow on LSE other than United Oil & Gas …

Citi. : as a matter of interest, which other shares don’t blog on? I have declared mine.. I would be interested to see what you follow and comment on.

Chris Ward has nailed the prospectus … today’s contract announcement is legacy work on old tanks.. it’s the new 148 Challenger 3 tanks that’s the long term bounce for Petards Defence sector. ,

Morning ColdSpy. Are you a Shareholder to be motoring the blogs on this Company? It’s taken time for this to be announced (I suspect the MoD aren’t PR people…!); but it sets a firm foundation for the future relationship with, I expect, serious orders coming their way over the next few years. With MoD contracts you are part of a development team : not a bidder; and Petards is now established as part of the team with serious large global Companies. If the rail business starts to move then the Comoany will have various individual successful parts. Next : Rail starts to move; a few more legacy contracts; new MoD contracts and an acquisition to supplement the new comms sector? Currently a “Hold”.

Nice to see a “Holding” RNS and payment of large performance bonuses. Hopefully they will also be paying a Dividend. We wait with bated breath for the EGM meanwhile : PEG I suggested you have a look at a while ago, has finally takeoff with a 43% increase today announcing an MoD contract….

Does this extract from the RNS help you Citi? …” The transaction is payable in MOS shares at the closing price on 27 March 2025 (the "Proposed Transaction"). The valuation for Estadio Gana has been agreed at £62.8m following its recent launch.…” I didn’t say you had given a price/ I was asking you for your estimated price…

Thank you all for your concern that I may “top” myself but I can tell you that I have sold, prior to suspension, sufficient shares to recoup my original investment. If you’d like a good steady income have a look at NVDY. So, how do you arrive at a sp figure. I’m pleased, at long last, that Citi accepts it will be lower than the closing price. Current MoS cap is £66m. Using share to complete the Estadio acquisition will involve £63m of shares. And the only info we have to support this huge enlarged valuation is the Interims to December 2024 where MoS announced a loss of £804,000. Using published information (and not a load of hope and hype), the opening SP will be between 45% to 60% lower of the Closing Price at Suspension. And it will continue in the doldrums unless there is some serious financial muscle buying all the shares that hit the MM for 18 months. So Citi, please tell us how you calculate the discount you predict.

Maybe the company has had great difficulty in complying with the RTO re-Listing rules and has been waiting for the new Rules )with immediate effect from a few days ago):

Where a nominated adviser can demonstrate that an acquisition that exceeds 100% of the class tests does not fundamentally change the business, AIM Regulation may determine that the acquisition is a substantial transaction, rather than a reverse takeover which would be subject to the extensive requirements under AIM Rule 14 and require the publication of an admission document. However, the LSE notes that shareholder approval may still be required for a substantial transaction.

Should read …”hasn’t been kind…”

The budget has been kind : Remote gaming duty, paid on online casino betting, will rise from 21 to 40 per cent from April 2026

Good morning “Citi…”.In reply to your question.. I can only conjecture what is happening from past experience and there are a couple of scenarios to consider. Firstly, the Mexicans now realise they have total control over MoS future and are driving a hard bargain by dragging their feet until the Board “Rolls-Over” to their new terms; Secondly, the Listing Authority just can’t swallow the huge valuations placed on the deal and the professional advisors can’t find a way out of the mire; and/or Thirdly, The Mexicans have all the technology they need and can’t be bothered to proceed (their only problem is that they will be left a large Shareholders in a moribund Company. We shouldn’t forget that MoS needs to raise money to pay for all the professional fees and the Board can’t find anyone to believe their story with these huge unsupported valuations. So, Citi, just a few “observations” but the most serious one is the time it is taking to call the EGM to approve the deal. Sooner or later the Listing Authority is going to call “time” on the whole shebang. Finally, I hope that all my concerns and fears are unrealised and the future will be, as you keep saying, fantastic with stratospheric share price rises.

8 months since the Board said they had agreed terms…!! And a few junkets later: silence… doesn’t bode well..

I expect it will be the new name for MoS..

And there are a few posts that try to be objective; express an opinion through professional experience and don’t participate in the childless narrative : yet they get pilloried by Citi and a few others .. yes; let’s see who is right .. boom or bust time .. but I am concerned that it is now 8 months since Suspension and the omens don’t look too good…

Citi : your reasoning astounds me. How can you deramp a share that hasn’t got a quote.. modern day Reeves economics??? But, I’ve looked at most of your postings and the theme is that I consider you to either be a mouthpiece for the Board or an alias of the Board. You always rush to their defence; contradict any postings that question the probity or ability of the Board and continually tell us that MoS is another Nvidia.. Time will tell if you are right or just a fool.

SilverSprings : your message fills me with a bit more hope that in the coming weeks we will have a update : I was hoping it would be the documents with details of the full deal and with the date for an EGM to approve the deal…

So, the success rate for companies that have left AIM over the past 30 years - the percentage of the market that de-listed for positive reasons, i.e. moving up to the main market as they have become too large for AIM or have been taken over by another business, is just 13%. That leaves a business failure rate for companies listed on the AIM of 87% for the past 30 years.