Member Info for magmanus_49

Qouting Mr ART123

The wording here is different to most of the recent delisting RNS's in that it says that the general meeting will be for the 'purpose of considering and, if thought fit, passing the requisite shareholder resolution to approve the Cancellation.'

"The Circular will include a notice of a general meeting of the Company which is being convened for 10:00 a.m. on 16 May 2023, at the Company's registered office St Martins House, Le Bordage, St Peter Port, Guernsey, GY1 4EA (the "General Meeting"), for the purposes of considering and, if thought fit, passing the requisite shareholder resolution to approve the Cancellation."

Obviously the 80%+ holder has said they will vote for the delisting but I would assume that if some of the Institutional holders turned up and said that delisting was a bad idea - and it looks a bad idea for the share price to have fallen from £3.15 to 67.5p on the announcement - then maybe the company would withdraw the resolution and resume normal trading (at £3.00+).

After all they recently put the company up for sale but then withdrew the Formal Sale Process when they announced an improvement in trading on 7th September 2022:

"On 13 June 2022, the Company announced a review of strategic options available to the Company and commenced a formal sale process under the Takeover Code. The Company subsequently engaged with a limited number of parties but given stronger trading during the process, as alluded to above, the Board felt that it was in the best interests of the Company to withdraw and terminate the FSP at this time, and confirms that it is no longer in active discussions with any interested parties."

Anything can happen here as unlike most of the recent companies that have delisted because they genuinely couldn't raise cash with their tanked share price, this company is successful, profitable (£5 share price and near on £1Billion m/cap on announcement of the results late last year) and even pays a dividend.

Maybe the 80%+ holder(s) may even **** themselves when the see what the talk of delisting has done to the share price - the value of their holding fell from £490M to £105M overnight - and conclude that the safety of the market is better than the uncertainly of not being listed.

TheTrotsky.... BS. Meeting first to decide if off market is favour of shareholders as stated.

Is it favor at this ps under 100p, when 350p a few days agao?

cant buy now! nothing order pending...

sheet is strong, hence why it was trading at 500p+ - try another one shorty/ sell out ha!

The idea is keeping buy low and hold - stops will be taken as protocol
I can see massive squeeze now in the making

you can sell a bit lower here :)

You only see the price, not the opp here now :)
Any all to their own
sellers sells to a buyer remember .....

pumpky you sound desperate now :), the holder gets nothing in terms of share price as the shares will remain. You are being stupid now.
All to their own
Now ready to add more on any weakness

again more buyers than sellers.
seems like accumulation going on
will shoot up the same and squeeze IMHO
RSI under the floor here.

Agreed justthisonce.
The 80% holder is now getting bugger all, and will see the stupidity here. Nothing it for them here now. Devi now 50%+ for new buyers and holders only, which if 8% get paid so well the other holders.
Added some, more to buy anything under 150p for the wicked.

Squeeze now comes to mind too

35p, then it breaks much higher
early sellers rooted out nicely here
should push up now, too low by all measures here

pumpky... just short is here, good to see

The Board is aware that the proposed Cancellation, should it be approved by Shareholders at the General Meeting, - if approved, long shot now based on huge drop from 300p+

but

The Company, therefore, intends to make arrangements for a matched bargain facility to be established post Cancellation in order to assist Shareholders wishing trade in the Ordinary Shares post Cancellation,

S/H still get the devi and can buy/sell trade through the bargain felicity - the co will have to b/o the shares in the end.

Nothing to lose from here. buy with both hands, hold and sit tight

see you all much higher, after dummy drop and then short drop :)

As ART123 pointed out and many others, the management can't have devi unless they pay devi on al shares.

So they may well be paying shares now to get all so price should inflate upwards, or new buyers buy more for devi and higher share payout when private OR nobody wins.

Opened above 100p after shock due to natural panic and then some more. That does not mean the company is now worth less. Now does it.

Anyway meeting is weeks away, and buying will be strong to keep stakes on well run company with $1b in rev and certainly growing in the right direction which reached 500p+ on current share count. And they don't want to dilute.

RNS made it clear for the benefit for the s/h holders, which implies more than 300p as close of play Thursday.

Very interesting for buyers from here - whether de-list/ go provite OR may not not in the end. WIN/WIN

Good post fundamentalists - divi yield is now now whopping 43% ! I.e. if you by buy 10k you get 4k devi every year!

And excellent post by ART123 - best and most balanced post - Always from Mr AERT123.

The meeting needs to take place to consult ALL shareholders and InstitutionS holders will say delisting was a bad idea - and it looks a bad idea for the share price to have fallen from £3.15 to 67.5p on the announcement - then maybe the company would withdraw the resolution and resume normal trading (at £3.00+). This will also impact major holder too! and they will say yes, but what is in for us NOW, after losing 80% here now!!

Only a dummy holder will want to lose 80% of value by voting yes. Unless they plan to relist on Nasdaq or FTS250 etc to increase shareholder value as per RNS!

Very interesting now with Devi yield at 43% for new buyers!

Future Devi impacts ALL shareholders, even the big holder :)

So new buyers get more than old holders now!! What screw up for the big holder if they vote yes now and not take proper advise from institutional holders Think about it :)

(this is the same management that called off b/o last year, and made a big u turn ). Be careful if selling low under 200p to buyers who are now getting huge devi payout ! regardless of the situation)

Well done fundamentals,
i am lot of people sold at loss as Friday and will buy back to recoup next.
We have 4 weeks before anything so based on number of shares in public hnads and amount of buying down here so far suggest squueze up

CINE was .7 and had some shouting/ panic and then 1.501 100% rise on squeeze the following day !
Be worried if sold at loss today to stronger hands/ buyers.

looks good foor next week folks

and on Friday despite all the traders selling out only to buy back Monday

Not in but very interested now, following RNS and breakout signal

May add Monday for the ride.

Yes, all stops triggered, a few times
Accumulated of the shorts and stop loss holders

Super tick up on close and on a Friday w/e

SWLC, Nice tick up on close
buyers being accumulating all day
You could sell as much as you like all day
There is more to this story then people think - how can it be interest of shareholders as per RNS answer that question? Yes they get to keep their shares, trade and get Devi even after listing.
But first they have to get past the vote and potential legal complications

I see a big squeeze in coming days here.

(Like of pumkey tell us this will squeeze to high) we had very good bear trap today

thunder not for faint heated, need balz fella
they are very solid business by devi - now at 30% at current ps!

do some dd fella!

now added tad,
see you next week
more to buy yet

have great w/e
sorry if you bought at 250p, but its good pps now with Divi in place and Vote / meeting to be had - weeks away
buy for bag at least!