Member Info for PaulStomach

I'm fairly sure a company can't issue shares for less than their nominal value, so minimum is 2.5p if that's what the current par is.

Interesting. A couple of things stand out to me: - AIB seemingly taking an initial 33% hit on the face value of their debt, taking £9m + £430k fee in full and final settlement. - Also taking £5.15m worth of new shares, being 12.5% of diluted share capital, which can be bought back for £2m at AIBs request after 5 years. This is effectively a write down by AIB. Is there a share restructure ongoing? Can't see much after about 2 minutes research. Presume the debt is unsecured, or the assets aren't worth what the value of the loan is. Haven't looked. Think it's broadly good, but could easily be a round of drinks in the last chance saloon as well. Better to get the interest charge out of the company, reduces the cash requirements but dilutes holders. Wouldn't say it values the shares at 47p though, it's more that AIB are happy to take nearly £9.5m now and maybe £2m later rather than run the risk of r4e dying and them getting far less.

And from me, thanks for that.

Welcome to the board, I for one look forward to your pearls of wisdom. Let's go.

Have you or Elias spoken with MR lately? Sadly this is playing out exactly as I'd said. Even worse, I'm a buy and hold person, so this is well and truly in the compost heap at the moment. I may average down at the point that I can see it turning, but that's not on the cards at the moment. The broad carnage in the retail sector is set to continue, read across from TSCO and you can see. The companies doing well are the discounters and the smaller up market shops. The mid range supermarkets have nothing but pain ahead IMVHO, and that's bad news for APC. Tough decisions ahead.

If the theory holds, and you manage that, then I've got a long list of shares I'd like you to buy and cause a rebound.

Nominative determinism in action there.

The annual yield is 7%. The yield on this particular dividend is 10p, which is c5%.

This is what I said when the SP was 24p: --- 'The Offer values the entire existing issued share capital of Green Compliance at approximately £4.76 million' (RNS 30/07). Meaning that we swapped newly issued APC shares for existing GC shares, diluting existing APC holders and converting existing GC holders into new APC holders with an average of approx 35p (those happy days!). 'Net liabilities acquired (4,051)' (RNS 22/01) Add the two together. It really is as simple as that. The entirety of GC was acquired in exchange for shares in APC. Part of the entirety of this was that APC acquired the net liabilities of GC, which it will have paid off using cash, part or all of the new(ish) borrowing, and probably part or all of the proceeds of the £2m placing as well. So, since the deal, we've fallen by roughly a third. Obviously there are wider market forces to take into account, but a 33% fall is hardly a vote of confidence. ----- Quite a few people didn't like it then, and won't like it now.

A solid statement, but largely predictable. Should help put away some of the lingering doubts. The SP definitely needs to look up though, that's for sure.

Numis are the house broker. Lol. It's as independent as your mum ringing you to tell you that you're the best son in the world.

Nice. Although I don't agree, particularly on the efficacy of delta reporting, the usefulness of the FCA, and I know enough about DMA to know that it's neither inefficient nor expensive to place DMA orders for longs (or shorts). But it was well expressed, and there's little to be gained by debating market mechanics - those of us who are long, by whatever means, all want the same thing.

Cool. Good luck with that. Not sure about the HFT conspiracy - not all 'A' trades or DMA trades are algo driven, not by a long way. As I'm sure you know.

Not a silly conclusion at all, and also none of my business, I was just wondering how you're maintaining shares with different entry points. Obviously you're fully aware of the provisions of S104 with respect to bed and breakfasting and the 30 day rule, so you won't need me to tell you.

'What freaked me out about this share - was the sale on triple witching of several million shares at around 19p - that was the lower end of where I anticipated the 'bottom' to be ... so around 27p I took cash back from much lower .... these markets are nasty .... so wrong call .... I still have a bunch from 50p and 61p and resisted holding any shares until 33p ... which I have now cleared ... so have a problem with the gap between 38p & 50p ......' Presume you're holding in an ISA then. Or using leveraged products. Cos otherwise, unless you operate in sub 30 day periods, S104 precludes what you're doing.

Maybe I'll give riddler a shout and see if we can get a piece onto VTM or SP. Would anyone be up for helping me writing it if I can get a slot?

I thought we'd moved away from trading statements. It's a pity, a spot of good sentiment and activity here would send it up quite substantially IMO.

I absolutely agree. It's, almost literally, a gold mine for us so long as Siemens can win sufficient contracts to supply the trains in the first place. I'm very comfy here. I hope you and all PEGgers had a good holiday period.

Do you think that Siemens sale of their security division will actually work in our favour given the global framework agreement that we've got in place?

Cheers. I'm too old to be able to cope with ADVFN as well, it's layout does my head in. This rise is all the more impressive as our block listed shares were admitted yesterday. There's still naff all free float, IMO.