Member Info for saintpeter7

Just wonder whether the trade at 14.17 today was in fact a purchase. I know that based on the bid and offer quoted at the time it is shown as a sale, but with what appear to be purchases later in the afternoon at 33p, surely that quantity of shares - £19,701 worth - would not have been dealt at such a relatively good price. What do others think?

Just wonder whether the trade at 14.17 today was in fact a purchase. I know that based on the bid and offer quoted at the time it is shown as a sale, but with what appear to be purchases later in the afternoon at 33p, surely that quantity of shares - £19,701 worth - would not have been dealt at such a relatively good price. What do others think?

With this announcement being made by the directors, I am concerned that they may not be bothering with a NOMAD and keeping the listing on AIM. I do hope I am proved wrong. I am also bemused as to how they managed to redeem the convertible bondholders the £650K. I assume this means that they did not have the bondholders (loan note holders) convert their loan notes to shares as was the original intention. In which case where did the money come from. Have they placed further shares? It also means that the loan note holders do not now own 65.54% of the company' share capital. That's my understanding. No doubt as they say all will become clear in due course!

And with the group having a property company, Primus Realty Ltd, one would hope that they will own the residential care properties avoiding what others have done before, leasing back proving detrimental to the business. This can certainly be a profitable business. Can depend on the degree of council funded care required.

Wressmycase I guess you've done some research at Companies House. Quite correct that the plc has not yet filed its accounts and they are now almost 5 months overdue. Doesn't bode well for their management allowing this to happen. I also found that the plc has 3 main shareholders each holding (either directly or indirectly) 60m shares each out of a total of just short of 237m at the last allotment filing, so owning between them 75.9%. They therefore have control between them. The plc owns Primus Realty Ltd and Primus Elderly Care Ltd 100%. Their Accounts are up to date! Mr C N Bateman, one of the shareholders holding 60m shares through a company he owns (based on the latest filing) was appointed a director of Primus Elderly Care Ltd on 16 December and then on the same day his directorship was terminated. Strange, but no doubt with FOR now involved, there have been a few changes of mind/direction! No doubt we shall learn a lot more in due course and probably not before too long, given the 31 December deadline date for the option to invest.

Bought a few more at 1.38. This should hopefully show a good rise in January with an update due early 2017 and as you say cashfornuthin looking solid, backed by the successful placing and directors' participation.

Love your boardname! and welcome. There were a number of trades today all buys at 33.74 yet the ask ended at 33.50 apparently. Almost looks as if the mms want to bring the SP lower again. Really, they could have left the ask at 33.75 or 34.00! Perhaps, they are looking for more buyers and have stock on their hands?

Getting concerned; but the company is still quoted on ISDX. Check the ISDX website and as reported here, there was a trade on 20 December.

Jarus - good for you. If buying continues one would expect mms to run out of stock soon and then we should see a rebound in the SP. But agree that what's happened does smack of manipulation.

And with the Xmas break coming surely they will make an announcement by Friday. I do not want to hold a share which is purely traded on ISDX and I don't think it would do much for Manish Karani's reputation. So, come on Manish!

Thanks pomander for the additional info.

Many thanks for your write up amnesic. UPL is probably one to tuck away for the future or though we may see some positive price action in January/February prior to the promised update.

Having held on to the shares I bought at 49.5p, the current SP seems just too good value to miss. I am conscious of the effect of the strong dollar on earnings, but they have coped with that for some time. It is worth re-reading the interim report given in September, which was very encouraging and nothing seems to have happened to change that view, as confirmed by the recent RNS. I have just added some £9K worth over 4 trades. With the low having been about 42p before the recent sell-off, even if it only retraces to that level, there is a 20 -25% possible profit here.

Has been pointed out to me by Pomander that the allotments may prove to be shares being allotted as a result of warrants being converted prior to the RTO. Certainly a possibility and I shall keep watch on Companies House website to see if more details are provided. Maybe we shall see some more specific details of the RTO next month.

Have just noticed that the DBC filed 4 resolutions at Companies House on 8 December of allotment of securities, but they are not yet available to see as a pdf. At this stage I have no further information, but just wonder whether it is some action connected with preparation for the RTO. I will check Companies House website each day before Xmas in case the resolutions become available to see. I am aware that Regent Pacific hold an interest in DBC and they are going through interesting times. Do not know whether they will retain their interest in the company when the RTO occurs.

From the RNS on 1 December - It is a priority for the Company to maintain its listing on AIM and therefore Tengri is pleased to confirm that it has now initiated discussions to acquire a company in the health care sector, which would constitute a reverse takeover under the AIM Rules and ISDX Rules. Whilst these discussions are at a preliminary stage and there can be no guarantee that this transaction will be completed, the Company can confirm that the discussions with the potential replacement Nominated Adviser referred to above form part of these early stage acquisition negotiations. Surely after stating that so strongly, they would not be fool enough to allow their AIM listing to be cancelled because they do not appoint a NOMAD in time! As you say not long to go - these things always seem to get left to the last minute. May be, although it is a big MAY, more details about the intended RTO would follow soon afterwards as indicated might be the case in the RNS. We can but hope!

Thanks amnesic, it would be interesting to hear what emerged from the AGM for you. I purchased after the placing and was attracted to the company:- 1. By the directors' interest in the shares, being over 36%, which sends a confident signal to the market . 2. Their wealth of expertise and past experience. 3. An SP at just middle of the trading range with a gradual upward trend. 4. The assets already purchased, the most recent of which is expected to provide positive cashflow early in 2017. 5. The stated intention to add to the company's assets when it can at a sensible price with the price of oil starting to rise. Yes, the company is still very much unnoticed, but that should hopefully improve with time and IMHO a steady rise in the SP over 2017 can be reasonably expected

I hope you are correct about someone to buy in. There are so many automatic trades with MYT that with the SP having fallen below its previous low, the computers seem to have taken control! Hope your shares with placings come good again; if you had a good reason for investing I am sure they will. My portfolio is not looking too blue either at the moment. I did buy into SEPU last week and on Monday at about 20.75p on the basis that an offer will come from Hytera eventually. Hope I am proved correct.

In October the company's brokers were recommending MYT as a buy with a target of 130p! Surely they can't be that wrong, can they?

This is getting ridiculous. As you say Shaxe it would be helpful for the Bod to issue an RNS stating that there are no reasons that they are aware of for the large fall in the SP and putting out some positive news on the company's progress and anticipated profit for the year. Anyone brave enough to buy in at this level might end up with a 50% profit on a rebound to 50p.