Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The Company intends to be an involved and active investor. Accordingly, where necessary, the Company may seek participation in the management of the board of directors of a company in which the Company invests (or in the event that it is acquired then in the on-going enlarged entity) with a view to improving its performance and the use of its assets in such ways as should result in an increase in the value of such a company. The Directors hope that the resulting benefit will provide a satisfactory return to the Shareholders. In accordance with the AIM Rules for Companies, in the event that the Company has not implemented its Investing Policy within eighteen months of Admission, it will seek the consent of its Shareholders for its Investing Policy to be continued at its next annual general meeting and on an annual basis thereafter, until such time that it has substantially implemented its Investing Policy. The Company's Investing Policy may also be varied by Shareholder approval. The Directors believe that their broad collective business experience in the areas of acquisitions, accounting, corporate and financial management as well as their collective experience in implementing new technologies in media and entertainment businesses in the United Kingdom and China will assist them in the identification and evaluation of further suitable opportunities and will enable the Company to achieve its investing objectives. The Directors may undertake the initial project assessments themselves with additional independent technical advice as they judge may be required. The Company proposes carrying out a comprehensive and thorough investment review and due diligence process. The Company will not have a separate investment manager. The Directors believe that the adoption of the Investing Policy will provide the Board with the flexibility to actively seek out and acquire new investment opportunities, which the Board believes, with the injection of cash from the Issue and the Directors' expertise has the potential to create significant value for Shareholders. The investment described in this document may not be suitable for all those who receive it. Investment in the Company is expected to target investors whose typical profile will be that of sophisticated and/or professional investors. Geoff Morrow, Executive Chairman of Gate Ventures, commented, "The Board are delighted to bring Gate Ventures to AIM and look forward to implementing the Company's Investing Policy and to growing the Company for the benefit of our Shareholders." Beaumont Cornish Limited is the Company's nominated adviser and joint broker and Cornhill Capital Limited is the Company's joint broker. For further information please contact: Gate Ventures Plc Geoff Morrow, Executive Chairman +44(0) 20 7887 6347 Beaumont Cornish Limited Roland Cornish / Emily Staples +44 (0) 20 7628 3396
First Day of Dealings Tue, 10th Mar 2015 07:02 RNS Number : 7422F Gate Ventures PLC 10 March 2015 10 March 2015 Gate Ventures Plc ("Gate Ventures" or the "Company") First day of dealings on AIM Gate Ventures Plc, the Investing Company formed to make investments and capitalise on investment opportunities in the media and entertainment sectors, is pleased to announce the admission today of its ordinary shares of 1p each ("Ordinary Shares") to trading on AIM and the commencement of dealings in its Ordinary Shares under the ticker GATE. The Company has raised £3.242 million, before expenses, through a subscription and placing ("Issue") of 32,420,000 new Ordinary Shares at a price of 10p per share ("Issue Price"). The market capitalisation of the Company at the Issue Price on admission will be £3.242 million. The Company will be using the net subscription and placing proceeds primarily to investigate and pursue potential acquisitions, perform due diligence, contribute towards professional costs associated with potential acquisitions and fund the initial working capital requirements of the Company. Investing Policy of the Company ("Investing Policy") Gate Ventures is a new company formed to make investments and capitalise on investment opportunities in the media and entertainment sector, focussing on, but not limiting itself to, theatre production and the music industry. The Board intends to focus on businesses using technologies such as online social media, the internet and disruptive software development. The Company intends to focus on investing in businesses or projects at any stage of development which, the Directors believe, are seeking to establish or expand their businesses or projects internationally and which offer attractive investment terms. It is intended that investments will be made primarily in the United Kingdom and China where the Directors believe that there are opportunities to acquire interests in suitable projects with high growth prospects, however other territories will also be considered as investment opportunities arise. The Directors may consider it appropriate for the Company to take an equity interest in any proposed investment, which may range from a minority position to 100 per cent. ownership. Proposed investments may be made in either quoted or unquoted companies and structured as a direct acquisition, joint venture or as a direct interest in a project. It is not anticipated that a separate custodian, trustee or other fiduciary is appointed to hold investments made by the Company. New investments will be held for the medium to longer term, although shorter term disposal of any investments cannot be ruled out. There will be no limit on the number of projects into which the Company may invest, and the Company's financial resources may be invested in a number of
It did try to plummet at 33.5p - 16.16 pm sell but that was it as I waited for it to fall with the no reason RNS. Pretty much solid as a new starter to issue no reason for rise unless fraudulent misrepresentation - we'll see what the market feels tomorrow. Sub 20p would be a nice top up - in your dreams they say...
Afren plc ("Afren" or the "Company") provides an update regarding the review of its capital structure, liquidity and funding requirements. In light of the Company's current liquidity position and in order to preserve cash while the review of the Company's capital structure and funding alternatives is completed, the Board has decided, at the expiration of the 30 day grace period, not to pay US$15m of interest which was due on 1 February 2015 under its 2016 Notes. While such non-payment will result in a default under the 2016 Notes, this will not result in an immediate obligation to repay such 2016 Notes or any cross-default under its 2019 Notes or 2020 Notes or its other debt facilities. The Company has received assurances from the ad hoc committee (which members hold in aggregate approximately 55% of the principal face amount of the 2016 Notes and 44% of the total principal face amount of the 2016 Notes, 2019 Notes and 2020 Notes) that the committee has no current intention to take enforcement action with respect to the 2016 Notes held by its members as a result of the failure to make payment of interest due under the 2016 Notes, in the hope and expectation that agreement can shortly be reached with the Company and its key stakeholders on the terms of a consensual restructuring that would preserve the Group and its business as a going concern for the benefit of all stakeholders. The Company is continuing constructive discussions with the advisers to, and members of, the ad hoc committee of its largest bond holders, the coordinating committee of the lenders under its US$300m Ebok debt facility and its other lenders regarding the immediate liquidity and funding needs of the business. It is expected that any agreement with the Company's bond holders and debt providers regarding the provision of interim and longer term funding and a broader consensual restructuring is likely to result in economic terms associated with the new funding and/or the issue of new equity which will substantially dilute the interests of the Company's current shareholders. While the Company is also having discussions with its other stakeholders and third party investors regarding interim funding and recapitalising the Company, the Board believes that an agreement between the Company's creditors presents the most likely solution to the immediate issues facing the business. There can be no certainty that an agreement will be reached. Further announcements will be made in due course.
Certain statements in this announcement are not historical facts and are or are deemed to be "forward-looking". The Company's prospects, plans, financial position and business strategy, and statements pertaining to the capital resources, future expenditure for development projects and results of operations, may constitute forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology including, but not limited to; "may", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "will", "could", "may", "might", "believe" or "continue" or the negatives of these terms or variations of them or similar terminology. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These forward-looking statements involve a number of risks, uncertainties and other facts that may cause actual results to be materially different from those expressed or implied in these forward-looking statements because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond Afren's ability to control or predict. Forward-looking statements are not guarantees of future performances. Factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected include, but are not limited to, the following: risks relating to changes in political, economic and social conditions in the countries in which Afren operates; future prices and demand for the Company's products; global oil production; trends in the oil & gas industry and domestic and international oil & gas market conditions; risks in oil & gas operations; future expansion plans and capital expenditures; the Company's relationship with, and conditions affecting, the Company's partners and regulators; competition; weather conditions or catastrophic damage; risks relating to law, regulations and taxation in the countries in which Afren operates, including laws, regulations, decrees and decisions governing the oil & gas industry, the environment and currency and exchange controls and their official interpretation by governmental and other regulatory bodies and by the courts; and risks relating to global economic conditions and the global economic environment. Additional risk factors are as described in the Company's annual report.
Change of Name Fri, 6th Feb 2015 07:00 RNS Number : 0744E Teathers Financial PLC 06 February 2015 6 February 2015 C A Sperati plc ("CAS" or the "Company") Change of Name Further to the announcement made by the Company on 3 December 2014, the Company is pleased to announce that it has now changed its name from C A Sperati plc to Teathers Financial Plc. In conjunction with the change of name the Company has changed its TIDM to TEA and its website address to www.teathers.com with immediate effect. For further information please contact: C A Sperati plc Jason Drummond, Executive Chairman Tel: 0207 148 3008 Beaumont Cornish Limited (Nominated Adviser & Joint Broker) Roland Cornish Tel: 0207 628 3396 Emily Staples Peterhouse Corporate Finance (Joint Broker) Lucy Williams Tel: 020 7469 0936
Details of the Subscription Following the passing of the Resolutions, the Company has issued and allotted 345,025,861 new Ordinary Shares in the Company at a price of 0.232 pence per new Ordinary Share. The net proceeds of the Subscription (as defined in the Circular) will be used in connection with the implementation of the Company's new Investing Policy. Application has been made for the admission of the new Ordinary Shares to trading on AIM which is expected to occur at 8.00 a.m. on 16 February 2015 ("Admission"). Following Admission, the Company will have 431,152,590 Ordinary Shares in issue and each share will carry the right to one vote. This number may be used by Shareholders as the denominator for any calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Total number of Ordinary Shares unconditionally issued pre-Admission 4,000,100 Total number of Ordinary Shares issued pursuant to Subscription 7,000,000 Total number of Ordinary Shares in issue on Admission 11,000,100 Price per Subscription Share £0.10 Estimated Net Proceeds of Founder Subscription and the Subscription receivable by the Company £930,000 Estimated Costs £90,000 Market capitalisation of the Company at the Subscription Price on Admission £1.1m
Admission to Trading and First Day of Dealings Thu, 19th Feb 2015 07:00 RNS Number : 2940F Challenger Acquisitions Limited 19 February 2015 ? NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. For Immediate Release 19 February 2015 Challenger Acquisitions Limited ("Challenger" or the "Company") Admission to Trading and First Day of Dealings Challenger Acquisitions Limited, a company formed to undertake one or more acquisitions of target companies or businesses in the entertainment and leisure sectors, is pleased to announce that its entire issued ordinary share capital consisting of 11,000,100 Ordinary Shares of £0.01 each (the "Ordinary Shares") will today be admitted to the standard segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities (together, the "Admission"). Dealing will commence at 8:00 a.m. under the TIDM code "CHAL" (ISIN: GG00BV0LCK35). Mark Gustafson, the Company's Chairman, said: "We are pleased to have successfully concluded the Admission and would like to thank all our advisers for their assistance. We look forward to executing the next steps in Challenger." Highlights Ø Challenger was formed to undertake one or more Acquisitions of target companies or businesses in the entertainment and leisure sectors with particular focus on the "Attractions" sector Ø Following completion of an Acquisition, the Company's objective will be to operate the acquired business and implement an operating strategy with a view to generating value for its Shareholders Ø The Board, comprising Mark Gustafson, Chairman, Markus Kameisis, Chief Financial Officer and Gert Rieder, Non-Executive Director, collectively has a proven track record of raising money for listed entities, making substantial acquisitions, and operating and growing a wide diversity of businesses, and has collectively subscribed for 700,000 shares on Admission The Prospectus published by the Company on 13 February 2015 in connection with the Admission can be found at www.challengeracquisitions.com Defined terms in this announcement shall have the same meanings as in the Prospectus. STATISTICS Total number of Ordinary Shares unconditionally issued pre-Admission 4,000,100 Total number of Ordinary Shares issued pursuant to Subscription 7,000,000 Total number of Ordinary Shares in issue on Admission
Or cancellation of afe shares from AIM?
Change of Name Fri, 6th Feb 2015 07:00 RNS Number : 0744E Teathers Financial PLC 06 February 2015 6 February 2015 C A Sperati plc ("CAS" or the "Company") Change of Name Further to the announcement made by the Company on 3 December 2014, the Company is pleased to announce that it has now changed its name from C A Sperati plc to Teathers Financial Plc. In conjunction with the change of name the Company has changed its TIDM to TEA and its website address to www.teathers.com with immediate effect. For further information please contact: C A Sperati plc Jason Drummond, Executive Chairman Tel: 0207 148 3008 Beaumont Cornish Limited (Nominated Adviser & Joint Broker) Roland Cornish Tel: 0207 628 3396 Emily Staples Peterhouse Corporate Finance (Joint Broker) Lucy Williams Tel: 020 7469 0936
ARMS and ISAT ARMS have a good forward PE as ISAT has now; and can very well be of same SP value ISAT = ARMS = £8.65 per SP
Suspension of GWIN from AIM if no nomad by 27th Feb.2015
Dec 17, 2014 Open 0.11 High 0.49 Low 0.11 Close 0.28 From Google historical prices
Bought in at 0.10p actually topped up then it went to 0.485p So I guess that is 485% However on the day it gapped to 0.13p or so. 0.485p was a one off peak(Very few got it)
450% Dec 17th 2014: Never underestimate HTIG
Now 28.57%
Now 42.86%
Do not use their own accounting method. Just add the commission to your cost of share to get the total cost. Brokerage do not consider the cost of commission as everyone pays different cost of commission. Some 11.95, 5.95, 12, 9.95. Therefore it is up to you to find out your total cost including the commission you paid to know your real cost per share.
=Yes. White Shark: It loves the sea alone and devours anything in it's part. I would have said the vulture but not as ruthless.