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It will be difficlut to determine fair value, remember no more RNS updates. share can double price without you being aware. so my advice is keep an eye on the company trades in berlin. English version of stock quote in berlin can be found on http://www.reuters.com/finance/stocks/companyProfile?symbol=BNLN.BE. So you cant be in total darkness. its not a bad idea to hold on to these as the only way is up from now. good luck!
Without doubt medium term its good buy. revunue over 700mln but market capital of 5mln. If someone sell 100 shares for 3p from the previous price of 4p that represents 25% in fall in market cap of the company. So a trade of just 10 quid wipes a quarter of the value of the company. banks do consider market cap before they give loans in case they are forced to do a debt for equity swap when companies fail repay. so its better of for BNLN to de list as it will not easy to determine market cap. if banks only considers value of company buy assets then BNLN will be better off. Hence some people keep buying despite imminent delist-its good investment medium term. hope have answered you star116
RNS Number : 3005B Bateman Litwin N.V. 23 October 2009 Bateman Litwin N.V. ("Bateman Litwin" or the "Company") Result of EGM Amsterdam, The Netherlands, 23 October 2009 - Bateman Litwin N.V. announces that at the Extraordinary General Meeting ("EGM") held today, the resolution set out in the circular to shareholders dated 5 October 2009 to approve the cancellation of admission to trading on AIM of the Company's ordinary shares (the "Resolution") was passed by shareholders. At the EGM, 99 per cent of shareholders (whether present in person or by proxy) voted in favour of the Resolution, satisfying the 75 per cent requirement. Accordingly, the last day of trading of Bateman Litwin shares on the AIM market is expected to be 30 October 2009 and cancellation of admission of the Company's ordinary shares of EUR 0.10 each to trading on AIM is expected to occur with effect from 7.00 a.m. GMT (8.00 am CET) on 2 November 2009. Enquiries: Bateman Litwin Tel: + 44 (0)20 7799 8307 David Lamont, Chief Executive Officer Davis Larssen, Chief Financial Officer Ingrid Boon, Investor Relations Manager Credit Suisse Securities (Europe) Limited Tel: +44 (0)20 7888 8888 Nominated adviser and joint broker Jon Grussing Will MacLaren Oriel Securities Limited Tel: +44 (0)20 7710 7600 Joint broker Richard Crawley
the vote is a no-show. we all know the outcome. with BSG 69.69% plus 5%(workers shares) plus directors shares = De-listing! shares down 19% in berlin today but very thin volume.
volume of trades today indicate that those who wish to sell have done so. No more shares to trade. Lets wait and see!
I HAVE TRADED SHARES DUAL LISTED ON THE IRISH STOCK EXCH AND LSE WITHOUT A PROBLEM. Can this be the same as BNLN which is listed on Berlin stock exchange. They are trading a bit higher in berlin than LSE-Some brokers make huge profit from such differences-known as arbitrage. any ideas?
what will happen if you keep holding onto BNLN as i intend to do? will i be forced to sell them by major shareholders if it goes private? Will i get a paper share certificate if it ceases trading on LSE? I have a feel that major shareholders want to mop all shares so they can enjoy the upturn which is imminent. This company has sound business, they have low credit rating (because of the value of the company by market capitalisation) . So if no shares trading you cant value the company by market capital but buy assets-which is their strong point. I wouldnt be surprised if this re-list above £1 in the very near future. This is a well calculated move by major shareholders, hence they will keep moping shares to the very last day.
If BNLN is going down, why would major shareholders buy 13.5million shares into a sinking company. They obviously know the future of this company. The de-listing is not a major problem as shares can still be sold through a third party. As long as they keep buying into BNLN i will hold.
you wont lose yo investment. You will need to register with a new "broker" yet to be anounced! shares will continue to trade through this "new" broker. you will not be able to trade through LSE-AIM. so de-listing certainly does not mean losing your wealth, it means you are not trading thru LSE!
LZM is negotiating to have a secondary listing on the Zimbabwe stock exchange. What could have motivated such a move? ZSE has risen over 250% 2009 alone. is this the only reason?