Member Info for MTBonce

And here is the link to the Trading Update published at 8 am, although not on LSE.
https://investegate.co.uk/audioboom-group-plc--boom-/rns/trading-update/202109130800065408L/

PART 2

In order to prevent a false market in Audioboom shares, the Board of AAA has therefore decided to withdraw its possible offer. AAA continues to admire Audioboom as a company and believes that transformational value can still be created for Audioboom shareholders through operational developments and new business collaborations, but that this true value will not be achieved whilst it is still admitted to AIM. Therefore, AAA reserves its right to bid for Audioboom again and will consider a bid in the future having sought, amongst other things, to complete its acquisition of Sentiance N.V. and progressed its re-listing onto an international stock exchange.



The Board of AAA thanks the many shareholders in Audioboom who signed letters of intent and irrevocable undertakings to accept the possible Offer. They are now released from all their obligations pursuant to those undertakings and letters of intent.



For the purposes of Rule 2.8 of the Code, AAA, and any person(s) acting in concert with it, reserve the right to make or participate in an offer or possible offer for Audioboom (and to take any other action which would otherwise be restricted under Rule 2.8 of the Code) within six months after the date of this announcement:



· with the agreement of the Board of Audioboom;

· following the announcement of a firm intention to make an offer for Audioboom by or on behalf of a third party;

· following the announcement by Audioboom of a proposal for a "whitewash" (as referred to in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or for a reverse takeover (as defined in the Code); or

· where the Panel on Takeovers and Mergers has determined that there has been a material change of circumstances.

After which the price fell to 740 - 790 before reocvering.

Embargoed until 7.00 A.M. 13 September 2021



All Active Asset Capital Limited

('AAA' or 'the Company')

Withdrawal of possible offer for Audioboom

On 19 July 2021, AAA announced a possible offer for the whole of the issued and to be issued share capital of Audioboom Group plc ('Audioboom'), stating that any offer, were it to be made, would consist of 12.5 new AAA shares and 200p in cash per Audioboom Share (the 'Offer'). The Offer, if made, would be implemented as a Scheme of Arrangement under Article 125 of the Companies (Jersey) Law 1991 (as amended) ("Scheme") or by way of a contractual offer to acquire Audioboom shares.

On 10 September 2021, AAA announced it had received irrevocable undertakings and letters of intent from Audioboom shareholders holding 50.92% of its voting share capital who had undertaken, or stated their intention, to vote in favour of the Scheme (or accept an offer if the possible acquisition were structured as a contractual offer) if it were made on the terms described above. AAA was therefore surprised and disappointed with Audioboom's negative response via regulatory announcement later that day to its request for a further extension of to the deadline by which AAA must either announce a firm intention to make an offer for Audioboom in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer.



While acknowledging that it has not yet satisfied the Offer preconditions, AAA approached Audioboom in an open, collaborative manner; the Offer was the first public bid approach Audioboom had received, notwithstanding its previous failure to find a buyer following a formal sales process in 2020. This, amongst other compelling matters, makes Audioboom's response to the Offer difficult to understand.



AAA believes it explained the various benefits of the Offer, which were acknowledged by Audioboom in a recent board presentation, yet none of these benefits were mentioned by Audioboom in its announcement of 10 September.



The board of Audioboom has ignored the wishes of shareholders holding a majority of its shares to give AAA the opportunity to fully explain its Offer to shareholders. This raises concerns around key corporate governance matters at Audioboom and, in the absence of an independent Rule 3 adviser being appointed, the advice it has received from its nominated adviser Allenby Capital.

1p would be a good start before it breaks to 1.1p

or 0.93 whatever

Lifted from 'the other place' with thanks to Buggy

"As most that attended the Investor presentation may now report.

1. Appears that until 16th Aug. BOOM is now in an offer period so they can't even provide a forward guidance.
2. Up till that date AAA will have to put up or shut up. As the proposal has been rejected even before the put in the offer, I do not expect them to bother unless they up their offer to something that the board will even consider.

3. Till that date also appears that Broker will not be issuing a Broker note as that also can be seen as forward guidance.

What is clear is that based on what is in place for H2, we are in for a much more faster rate of growth. [ I think because they are barred from providing a forward guidance , they got round this by providing a detailed account of what business development changes are coming in in H2 and expected impact on revenue.]"

Curioser and curioser

"Audioboom was contacted by AAA regarding the Possible Offer during the late afternoon of Friday, 16 July 2021 and has not had any material dialogue with AAA regarding the Possible Offer subsequent to its receipt.



The Company does not have any comment to make regarding the Possible Offer at present and shareholders are advised to take no action.



Audioboom looks forward to announcing its interim results for the six-month period ended 30 June 2021 on 20 July 2021.



There can be no certainty that AAA's proposal will result in an offer for the Company, nor as to the terms on which any offer might be made.



In accordance with Rule 2.6(a) of the Code, AAA must, by not later than 5.00 p.m. on 16 August 2021, either announce a firm intention to make an offer for Audioboom in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will be extended only with the consent of the Panel on Takeovers and Mergers ('Takeover Panel') in accordance with Rule 2.6(c) of the Code.



Rule 2.9 Disclosure

In accordance with Rule 2.9 of the Code, Audioboom confirms that, as at the date of this announcement, it has 15,693,105 ordinary shares of no par value in issue with International Securities Identification Number JE00BJYJFG60.



This announcement is being made without the approval of AAA. A further announcement will be made when appropriate."

No doubt there will be a big rise, probably short-term, after it is printed too i.e. Monday
Midas verdict: Palace Capital's portfolio is valued at £3.43 a share, so the stock is trading at a 24 per cent discount to the value of the group's assets. Yet the business is making progress, pays attractive dividends and should be a prime beneficiary of the Government's levelling up agenda. At £2.60, the shares are a buy. Existing investors should also keep the faith.
https://www.thisismoney.co.uk/money/investing/article-9703729/MIDAS-SHARE-TIPS-Amazons-landlord-deliver-profit.html

https://www.thisismoney.co.uk/money/investing/article-9703729/MIDAS-SHARE-TIPS-Amazons-landlord-deliver-profit.html

Tipped yesterday 19th June
Midas verdict: Epic shares are 69p, up from their lows last year but still at a 19 per cent discount to the value of the firm's assets. Existing shareholders have had a rough ride but they can take comfort in the group's 7.3 per cent dividend yield. New investors could also grab a few shares, as the current price does not reflect Epic's prospects.

https://www.thisismoney.co.uk/money/investing/article-9703729/MIDAS-SHARE-TIPS-Amazons-landlord-deliver-profit.html
Midas verdict: Warehouse Reit has grown materially through the pandemic and should continue in that vein. Industrial parks are in demand, rents are rising and supply is limited. At £1.52, the shares have further to run – and shareholders benefit from a 6.2p dividend too.

For those that haven't seen it already.
NEW YORK — The US Food and Drug Administration on Thursday requested that Innova Medical Group stop sales of its Innova SARS-CoV-2 Antigen Rapid Qualitative Test and warned the public against using the test, citing concerns about its performance.

Innova promotes the lateral flow immunochromatographic assay, which is designed to detect SARS-CoV-2 nucleocapsid protein antigens in nasal swab specimens, as having demonstrated 97.0 percent sensitivity and 99.9 percent specificity for detecting infectious patients.

In its announcement, however, the FDA said that it has significant concerns about the performance of the test and the potential for false-negative or false-positive results.

In a warning letter sent to Pasadena, California-based Innova on Thursday, the FDA wrote that an inspection of the company's facility confirmed that Innova was distributing the test in the US despite never having received marketing approval, clearance, or authorization. The agency also said that certain configurations of the test were labeled with false or misleading performance data.

The FDA requested that Innova immediately cease the sale and distribution of the test and said that all test users, healthcare providers, and testing program operators should either destroy or return Innova tests they have.
https://www.360dx.com/infectious-disease/fda-warns-against-use-innova-medical-group-sars-cov-2-antigen-test#.YMKPAxso-M8

Me too - seems a lot of fuss about nothing much, all seemed positive to me

So can we expect them to be buying lots of shares to save their jobs?

I presume this means the Directors get to vote in the Vote Sanderson Out campaign.

in all its glory, for those who can't be bothered to open it up
Thu, 27th May 2021 07:00

RNS Number : 9624Z
Savannah Energy Plc
27 May 2021

27 May 2021



Savannah Energy plc

("Savannah" or "the Company")



Annual Results and Retail Investor Presentation



Savannah Energy PLC ("Savannah" or the "Company"), the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, is pleased to announce that it will issue its full year results, which were previewed in a trading update on 25 January 2021, on the afternoon of Friday 28 May. Savannah's CEO Andrew Knott, who is currently in West Africa, will host a presentation and Q&A for retail investors on Friday at 16:30 BST. To obtain the dial in details, please email ir@savannah-energy.com.

CEO buys 93,122 at 90.1p - got to be good news, especially as he didn't have any at all before.

The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, announces that Duncan Garrood, Chief Executive Officer, today acquired a total of 93,122 ordinary shares in the Company at a price of 90.1 pence per share. Following the purchase, Mr Garrood's total shareholding comprises 93,122 ordinary shares, representing 0.0154% of the issued share capital of the Company.

Just looked at the charts, why did this drop from 2500p to 200p ? Anyone care to explain to save me wading through stuff ? And is the bad news all behind us now?

Somebody bought over 40k's worth at 3.34pm - another Director buy?

Nice to see Directors buying more. The last time they bought was back at the end of January /early February when the price was 288p. Hopefully we will see a similar rise in the price.