Member Info for mariog

when 50% of shares are in II's hands that do not sell any shares at this level, it is all on us if the share price will be going lower. Minimum 5p should have not been breached, but some are feed up and selling to move to another stocks. Company does nothing to stop it.
Only positives in in the RNS on 30/06 can reverse the situation.
In still in.

clearly the bond 2024 price is rising in June

possibly this is and was holding the sp low

feck it, life is short ;) did a small top up in case of some unexpected announcement about that buyer, level way below 8.40 now

if that's the case then will see another large buy trade after hours

Any of you bought them on Friday? over 8m buys reported after hours on Friday and 3m buy reported before open today, all at 8.40p

all the sells today were mopped by 1. All we need a nice RNS on Monday morning.

price is below nominal 5p. don't know what the bod are thinking about. will Alchemy commit to buy all the shares at nominal 5p in case they are issued at this level?

Amc is being run on dreams and promises. Been there a few years ago. Don't think that even the infrastructure (roads) are in place to transport the cobalt. The mining area from this what I remember was too deep in the mountains.

It could all be ready for the last 12 months. They put fundraising on hold a year ago due to FCA.
When they mentioned it first time I think share was still in double digits, but who knows if the numbers are still the same.
I'll hold for a few weeks. Dust will settle soon and market will focus on the coming trading update.

"So, if SP can't get to 10p+, where does that leave us?" - only bod knows at this stage.
What am I going to do with my shares? Nothing now. Will wait till FY news on 30/06 and if they prove constant profitability since October last year, will wait a few days to see directors purchases. Like in February, profitability should lift the price. IF no directors purchases within a week, max two, from those news, I will sell half.

I read somewhere, probably at Countrywide messages, that Alchemy offerred to buy shares from the CWD shareholders (to takeover company). But at CWD the fundraising failed as the contra offer arrived and Alchemy had to bid and finally lost. Shareholders won as the price went up.

Johnny pc,
We - ordinary shareholders - hold approx 50% of shares in issue. Rest of them belongs to instututions and N. Utley.
So as of today all our shares are worth approx GBP 7 millions.
Will we - retail holders - have GBP 40 millions together? Of course no. Each of us would need to put 5x more to buy the shares (issued at 4p level). Company directors must know that we will not afford to pay for it. So.. What's the plan behind all of that?
Only reasonable option is to rise the share price to at least 10p. Otherwise their plan technically won't work.

Let's speculate. Below positive outcomes TBA in the next 1-3 months:
Say FY results are OK (loss up to 50m) and they repeat business is profitable since October 2020, even expanding in the recent months.
Say directors buy shares.
Say GL redress confirmed by FCA is OK (up to 20m).
Say directors buy shares again.
Say there is something unexpected announced.
Say they investment opportunity is finally announced.
Say the open offer (this form is "likely" per last rns) is changed to rights issue.
* * * where the share price will be in 3 months? 3-5p, 5-10p or rather 10-15p?
I am not selling yet. We have a risk of losing further 30% from here, but the share price recovery is tempting as mcap is definitely not correct since Feb 2020 when Covid started.

Tbh, don't have a clue. Risk from Alchemy taking over NSF is great, but from the other hand, can they do that if they previously owned Everyday Loans? Maybe I'm mistaken or maybe they want EL back? Then, can they do that? Can NSF sell EL back to Alchemy to save NSF from being taken taken over? That would be a weird deal.

Anyway, NSF said in February that they need money as there are investment opportunities on the market. Is NSF interested in Satsuma or CCD from Provident that will put them on sale soon?

This is very complicated stuff. Strange that mcap is being kept so low and share price is near to nothing

Got lost in my research, but have some interesting facts for those who are not aware of the links between above names.
Question: Will they all allow to be wiped out by discounted share issue?

Peel Hunt: When a UK private client buys or sells UK equities, there’s a 25% chance they buy from or sell to us.
We provide a wide range of trading tools for market access and strategy including a dedicated portal and proprietary algorithms. https://www.peelhunt.com/services/executionAndTrading

4 December 2015 Peel Hunt is acting as Joint Corporate Broker to Non-Standard Finance plc on its £160 million Placing and Open Offer of new Ordinary shares at 85 pence per New Ordinary Share issued in connection with the proposed £235m acquisition by of Everyday Loans.

"Some 25 per cent (of Peel Hunt) is held by a group that includes the motor insurance dealmaker Neil Utley, while 75 per cent of the company’s staff own the remainder of the equity." https://www.ft.com/content/9e89ff52-fb17-11df-b576-00144feab49a
Neil Utley owns 7.96% of NSF

15 April 2021 https://news.sky.com/story/buoyant-ipo-markets-propel-investment-bank-peel-hunt-towards-350m-float-12275946 The investment bank is working with Evercore on plans to return to the London stock market, Sky News learns.
That deal, which valued Peel Hunt at £74m, was backed by a collection of wealthy individuals, including the insurance tycoon Neil Utley.

Evercore works with Peel Hunt and Peel Hunt is partially owned by Neil Utley and then Neil Utley owns also part of NSF.

Evercore helped Provvy (Provident) in 2019 on a defence of a hostile all-share offer from Non-Standard Finance.
NSF is run by John van Kuffeler, who previously was in charge of the Provvy for 22 years.

Everyday Loans was established by its management team and Alchemy Partners in 2006. STB acquired Everyday Loans from its management team and Alchemy Partners on 8 June 2012. In December 2015, NSF acquired Everyday Loans from STB.
Alchemy owns 29.95% of NSF.

22 Feb, 2019 https://citywire.co.uk/funds-insider/news/woodford-and-barnett-back-provident-financial-takeover/a1203495
Fund managers Neil Woodford and Mark Barnett have backed a takeover bid for ailing doorstep lender Provident Financial (PFG) from smaller rival Non-Standard Finance (NSF).
The two managers own both companies and, with US fund group Marathon Asset Management, which is also backing the bid, hold more than half of Provident Financial's shares.
Marathon owns 10.49% of NSF

20 June, 2019 Peel Hunt today reaffirms its reduce investment rating on Non-standard Finance Plc (LON:NSF) and cut its price target to 40p (from 50p).
09 July, 2020 Liberum Capital today reaffirms its buy investment rating on Non-standard Finance Plc (LON:NSF) and cut its price target to 24p (from 47p).

Thanks Johnny pc for sharing.

What is weird is an urgency to rise 80m when share price is at historical lows.

As they have 2-3 years to pay back the term loan they could easily wait with the capital rise in 12-18 months from today. They kind of forgot that they make money and they keep repaying the loan instalments on time.
Also as it is still 2-3 years, why not negotiate extension or repay it from the locked unused 200m securisation facility valid to 2026?
So many unanswered questions and no transparency from the company directors.

I asked them once about missing directors buys but heard only that they are in the locked period before the results. Wonder if they will open personal wallets in 2 weeks.

Please email company to get some clarification about the 80m need. It is impossible that 80m is needed to unlock 200m securisation facility. Do we actually still need it? Another issue, what does it mean "supported by Alchemy" ? What role is Alchemy going to play in the placing?
NSF is very under-valued, do not think it is too expensive. It is a company that is operating in approx 70-80% pre-pandemic.
In last update they said in October there reached the break-even and are profitable.

I will try to dig into the same time investments in the MM and company where MMs are managing the price level.

Thanks johnnypc.
What do you think about rising a concern regarding private investments in both Market Maker and company where the MM is managing the share price? I can't see this right as it creates a risk of manipulating the share price