Member Info for Malcolm

Hi,
Yes, I can confirm that I was told at the AGM, it was signed late Friday night, 14 June.

Great RNS this morning.

At last!

https://www.morningstar.co.uk/uk/news/AN_1556097637864730500/westminster-group-gets-container-screening-contract-at-two-asian-ports.aspx

https://www.proactiveinvestors.co.uk/companies/news/219005/westminster-group-wins-us348mln-contract-for-container-screening-at-two-separate-ports-in-asia-219005.html

This PPP mechanism has influenced employment creation, leading to gainful employment of an army of unemployed including capacity development for skilled workers, which is a mainstream contributing factor for the boost of any economy. Going by these realities, it is obvious the only way for development to happen in Nigeria is to attract the private sector to play a critical part in this journey. If only more great Nigerians will heed the current call of the masses by assisting government to provide quality service in all sectors in the economy. Interestingly, there have been ongoing engagement and sensitisation by officials of the same government on development, transformation, collaboration etc. as well as the need to give PPP a chance since government alone can no longer shoulder the responsibility of providing all necessary critical infrastructures for the country at large. But how best do you convince serious minded investors about the PPP arrangement when local investors are being treated as unwanted partners? How can this happen when relevant agencies who are to create the enabling environment for genuine private sector participation in the infrastructure development of the nation’s aviation sector, across all levels, routinely breach binding agreements / contracts with sheer impunity and pay lip service to the ease of doing business in Nigeria? Clearly, there is a need to look inward to see how the sector can move forward, mine business opportunities available in air transportation services for investors and all key stakeholders in order to improve both the airport and national economy and discontinue dissipating energy on how to fight perceived enemies within. The industry is begging for serious attention. The increasing influence of airports in the development of the region where they are located makes this matter one that requires unwavering attention. This age-long tradition of inherent economic sabotage cannot take the sector anywhere. It’s high time best ideas, global best practices, are borrowed and concepts that have truly been impactful applied– all for the benefit of this struggling industry and our Nation at large. Adeolu, a Public Analyst wrote in via molutomiwa@yahoo.com
by Taboolaby Taboola

"But how best do you convince serious minded investors about the PPP arrangement when local investors are being treated as unwanted partners? How can this happen when relevant agencies who are to create the enabling environment for genuine private sector participation in the infrastructure development of the nation’s aviation sector, across all levels, routinely breach binding agreements / contracts with sheer impunity and pay lip service to the ease of doing business in Nigeria?"

https://www.independent.ng/national-development-the-private-sector-experience-in-nigerian-aviation-industry/

I see, I was the first trade, under the new name, which was a buy, not a sell as shown here.

Notice of General Meeting


Obtala, the African focused forestry and timber trading company, announces that it will today be posting a circular to shareholders comprising a notice of General Meeting (the "Notice") to be held at 118 Piccadilly, London W1J 7NW on Wednesday 20 March 2019 at 10:00 am.

The purpose of the General Meeting is to seek shareholder approval to change the name of the Company to Woodbois Limited as proposed in the announcement of 30 October 2018. With the Company's strategy now focused on building a best in class African forestry and timber trading platform, this will bring the group under the banner of the stronger and more recognised Woodbois brand.

The General Meeting will also seek shareholder approval to an increase in the Directors' authority to allot equity securities following on from the issue of new ordinary shares and grant of warrants to Volantis and deferred consideration shares for the Montara Continental Consolidation as per the announcement of 10 January 2019 and the resulting dilution of the conversion ratio of the Argento Preference shares announced on 1 December 2016. 75,000 Preference shares were issued by Argento Ltd, Obtala's wholly owned forestry subsidiary with the option, at the Preference shareholder's choice, of converting into either Argento Limited ordinary shares on a 1-for-1 basis or into Obtala Limited ordinary shares on a 1-for-1,435 basis. The conversion ratio is currently on a 1-for-2,275 basis.

The full text of the Notice will be available on the Company's website at www.obtala.com later today.

If Fred was there, he didn’t make himself known; he couldn’t have missed me as I introduced myself, in the formal part of the meeting as “Malcolm” and I was in the front row. If he wasn’t there, then it was a shame as they had laid sandwiches on, especially for him, they do read these BB.

They were very keen to engage with us at the meeting..

The board assured us that they had no plans for any large acquisitions.

The board said that (up to now) they have been fully engaged with turning the company around, but they hear, “loud and clear” that the shareholders (present) want them to get their success story out.

They also stated that our German suppliers have allowed them to stockpile supplies in the UK, at no expense to APC and the only thing they couldn’t fully plan for was a hard brexit, with tariffs.

Looks to me like the buyers are coming in, on the back of a good AGM.

They got more, they got their 20p warrants extended.

They might have done it to give their friends cheap shares and (a chance) to extend their warrants

I managed to top up too, couldn't resist at this price GLA

Sirika said Nigeria needs to attract quality investment through Public Private Partnership so as to make the airports world class, profitable, efficient, comfortable safe, and secure for the traveling public.

https://www.traveldigest.com.ng/index.php/latest/item/911-port-harcourt-airport-costs-600m-to-process-7-million-passengers-annually

Looks to me like a lot of people want to talk this share down this morning, one wonders why???

FWIW, this doesn't look so bad to me, our company needs money, the shares were not forward sold (like many times before) and no new warrants were issued, only extended by a year and at the strike price of.2015p I would take that price, for starters.

Have I missed something ??
,

https://www.rferl.org/a/europe-special-financial-instrument-business-iran-sanctions/29743162.html

Richard Hodgson, Chief Executive of APC, commented:

"We are delighted to be able to confirm the acquisition of Wavelength Electronics, which brings another leading component distribution and representation business into the APC Group and is an exciting opportunity to further expand the range of products we sell within our specialist markets such as Space and to grow our customers base.
For APC this deal follows the successful acquisitions of First Byte Micro (now APC Locator) and Aspen Electronics in 2018 and positions us as one of the largest electronic distribution businesses in the UK, with unrivalled product, technical and sales experience. Our combined technical sales, marketing and customer-facing teams now total more than 50 staff and will provide our manufacturing partners with enhanced UK coverage to an expanded customer base."