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more answers will come on shareholders meeting on 28/04/10. looks like the sale of M&T and polish bank will not be enough. Financial analyst say 35%least , though 50% likely, and worst scenario 75% to be owned by irish govt. But not to worry RBS is 70% owned by govt but its share price is going up. The good thing about state owned shares is that they are no in the daily market, they do not cause share flactuations as those in the hands of PIs. even upon bad news u can be be assured the chunk which the govt hold is not released, thus the price can hold.
this zim bank is solid. never affected by global banking crisis as it does not give credit.tried to buy in but got nothing at all. shareholders keep tight on this one, they wont badge-not even an inch! Exiled british tycoon Van Hogstratten is the major shareholder. I had smaller shareholders can only sell on zimbabwe stock exchange and then transfer to AIM. This bank looks like involved in zimbabwe diamonds than a financial instituation. Does anyone have more info ?
Tuesday April 20 2010 Executives at US bank M&T signalled yesterday they "stand ready to help" Allied Irish Banks (AIB) as it prepares to sell a 22.5pc stake in the US lender to shore up its capital reserves. The unveiling of M&T's quarterly figures yesterday, with net profit jumping 135pc on the year to $151m (€112m), opened a window of opportunity for AIB to flog its $2.2bn (€1.6bn) holding in the US regional bank. The statement took M&T out of a 'closed period', where publicly quoted companies are restricted in relation to market-moving activities or announcements. AIB has put a 'for sale' sign on its M&T stake -- and its interests in the UK and Poland -- as it rushes to raise €7.4bn of capital by the end of 2010 to meet new regulatory capital requirements. M&T executives received three questions from analysts in a conference call yesterday on its results. The bank's chief financial officer Ren Jones said: "You all know the issues and AIB has been very public about what its intentions are due to the difficulties it is having on the capital front." Discount He added: "We stand ready to help execute a transaction in the most efficient and orderly way." Market observers believe that AIB is most likely to opt for a broad placement of the stock among investors at a discount of up to 10pc against M&T's market price. It does not have to give M&T's management first refusal in the event that none of the buyers of the stock end up with more than 2pc of the US bank. Shares in M&T advanced yesterday on the back of the bank's better-than-expected figures. The group credited its performance to lower bad loan losses, a widening of its net interest margin, and a 6pc rise in deposits from the end of December. - Joe Brennan
made a coment just on tuesday at 17:54 about future of MVW on AIM. its less than a week but nobody believed me! check it. I am now going to predict Geraldton next move; .Many people think that by keeping MVW shares there would be offered better money-WRONG! once de-listing approved. they are required to set up a private share transfer service usually CREST(Council of Registered Ethical Security Testers Certified Consultant). every shareholder will be asked to register with a secretary appointed by MVW to deal with CREST. establishing that legal facility takes 3mths-18 months its not transparent-you cannot view share prices or quantities moved as its a private placement. Geraldton will squeeze every shareholder to sell at give away.there is no LEGAL GUARANTEE that your shares will be bought (AIM rule 41) they encourage to sell before delisting date. so if u think you will beat Geraldton please think again! surely they just cant offer 0.75 when they know you acquired most were acquired at 0.4 .
with Geraldton owning 1.3bn out of 1.5bn shares(87%). Voting rights of other shareholders becomes useless. there is a likehood of delisting for the following reasons. 1. its cheaper to run by avoiding stock exchange charges on AIM( this amount is significant in very low capitalised companies). 2. AIM rules e.g issuing RNS puts the company under unnecessary spotlight (legality of awarding tenders under political influence), this is were journalists pick up their stories. If the company goes underground(Delisting), it becomes difficult(not impossible) to detect shortcomings.Remember this company is pinning its hopes on govt contracts, without this it will certainly go burst(its not the only company in this business-so it must win contracts by any means necessary). Delisting is certainly an option-mark my words!
Wonder if this has nothing to do with MVW. this was reported on bloomberg TV today.
Have asked this before-If future looks bright for MVW, why is cazenove off-loading its equity to invest somewhere. As a major shareholder, Cazenove has more info on the future of MVW than any of us! Any thoughts?
waiting for 0.1p then will be in again big time
companies with market capitalisation around £1m tend to de-list due to the costs involved in AIM listing. e.g BNLN and lot others. this is an increasingly risky stock as its capitalisation hoovers around £1m. shares in a delisted company are difficult to sell, may take as much as a year. DYOR
MVW paid £205k to the purchaser of ANSA holdings, then a further £260k to re-acquire a loan note.Directors beleive the money spent on loan note is unlikely to be recovered. where is the future of MVW. I do not believe this share is being manipulated. its near worthless.DYOR
If the future looks good, why did cazenove offload millions of shares last month? You would assume major shareholders have more knowledge on the future of the company- Should I Hold? I am down 40% at current price. Advice please
Why are number trades reduced and so thin in volume. is this the bottom?Has cazenove disposed all its holding in MVW?
RNS Number : 1115C Mavinwood PLC 06 November 2009  TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Mavinwood plc 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights √ An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notification obligation: Barclays PLC 4. Full name of shareholder(s) (if different from 3.): Barclays Bank PLC Barclays Stockbrokers Ltd Gerrard Investment Management Ltd 5. Date of the transaction and date on which the threshold is crossed or reached: 02-Nov-09 6. Date on which issuer notified: 03-Nov-09 7. Threshold(s) that is/are crossed or reached: Below notifiable % to 5% 8. Notified details: A: Voting rights attached to shares Class/type of shares if possible using the ISIN CODE Sit
Said hold when price was 0.63p. Keep holding. Cazenove has probably changed mind after realising the rising share price, they may wish to dispose at 1.20p. My advise is hold as this may be 2.5p easily before xmas. Hold tight.
There is no clear reason to share movements last few days, or something is brewing. considering its balance sheet, there is no reason for this down trend. Some major investor must be acquiring every MVW on the market (with slight manipulation of course). HOLD. fair price should be 1.5p at least short term. What puzzles is if cazenove knows this will bounce soon, why sell millions @0.5p?
MVW trades way above the average is there any explanation to this?
TODAY LAST DAY OF TRADE. THEY WILL OFFICIAL DE-LIST 8:00AM 2ND NOV.
everyone is selling-But who is on the other side buying what we are all selling?.
you did not understand my question. I asked what was your basis for coming up with a 12% rise. Anywhere share price is heading south. My advice is hold if you bought above 5p. until the matched bargain system is in opreation.Hoping the share price goes up again infuture.
12 % rise on what basis.