Member Info for saintpeter7

Yes, that was me. News should be announced tomorrow or Wednesday if they are able to stick to what they said at the beginning of the month. What is tantalising is not just the confirmation of the Bonds being fully subscribed, but developments on further asset securitisation. So much potential with Rob Cooper in charge and all his wealthy and influential contacts.

Nothing to be concerned about. Expect to hear next week from the company.

We know the quality of the management at ME Group and I have no doubt we have a winner here

For those stuck at home isolating and those wondering what to buy for Xmas, the new at home holographic cube should be real winner.

https://www.proactiveinvestors.co.uk/companies/news/929967/immotion-group-set-to-launch-first-at-home-game--lets-explore-oceans--929967.html

Great news on several fronts.

Bid shown correctly now. Thanks LSE.

Remember low free float which in real terms is less than 10% means that the SP will move fast on good news.

GL all

For those concerned by the spread, the above is wrong. On Aquis where Forbes is traded, it is showing the correct bid of 2p.

Only 5 trading days left for the announcement! Mcap still under £10m.

Not long to go before we receive news on Forbes Ventures Cell One Limited. Am interested to find out how MEF Cell One Ltd will be used.

Well one day closer to the update on the Eurobond issue and hopefully more. The tension and the excitement is building.

Why is it so difficult for LSE to show the correct bid and offer price currently? If you check the Aquis site the exchange on which they are listed, the bid is currently 2p and the offer 2.3p. With the end of the month fast approaching by which time an update has been promised by the company, I expect a further increase in the SP this week. With the mcap still under £10m compared with SYME the current securitisation company in vogue which has an mcap of £157m, there is a huge gap in value to fill.

For potential investors this is a link which explains very well how the Maltese securitisation Cell works. https://www.mandaris.com/malta/assets/File/Publications/Securitisation%20Brochure.pdf

From the last RNS for anyone new looking in -
"It is the Company’s intention that the infrastructure which it has established for this securitisation will also be used to facilitate the securitisation of both further litigation funding and other assets across a range of industries. The Company confirms it is in discussion with multiple prospective counterparties from whom it may purchase assets for this purpose. Further announcements will be made upon the Company entering into any such arrangements."

It is that which I find exciting about the future growth for Forbes Ventures. SYME with an mcap of £157m (as I write this) will be dealing with inventory securitisation. Forbes is initially dealing with litigation finance securitisation but as their statement above says, they are not going to stop there. With an mcap of under £10m currently, there is a massive opportunity now to buy in at the beginning of the story.

For those new to Forbes have a look at the ME Group Holdings its parent company for the excellent growth they have seen in just a few years. https://www.mortgageintroducer.com/me-group-400-increase-profit-before-tax/

Topped up this morning with another £1k. Think this share has a long way to go UP.

Sorry don’t know. You will need to ring them. I expect that you will have to ask them to buy for you as the shares are in such short supply.

Hi AJ. Are you still planning to buy tomorrow? As you rightly say not long to go now until the Bond subscription news. It's what they plan to do next that is going to be interesting.

I have no doubt that in time we will see the ME Group take a 100% interest in Forbes Ventures in some way or other. At the moment the make-up of the shareholdings seem to be as follows:-
Number %age
MEGH 273,000,000 59.83537644
Robust Resources 67,631,153 14.82320696
Goldvista Properties 50,000,000 10.95886015
Peterhouse 17,613,746 3.86053158
Gravity Investment Group 5,833,333 1.27853361
Balance 42,173,598 9.24349125
Total 456,251,830

Gravity is in liquidation.

I am very happy they are using Forbes Ventures and there are other avenues they have said they are exploring for Forbes to participate in. With ME Group only holding just under 60% at present, there is the added possibility of complete takeover at some point. Great reasons to buy shares now whilst as you say AJ it is still under the radar.

Sorry AJ if you were telling the truth. Time will tell. Were either of this afternoons buys yours? Good to see the last buy at 2.30p. Next one may well lead to a tick up.

Agreed misleading. HL’s site used to show the trades and hasn’t now for a while. That’s also disappointing and really not good enough.

Nice buy this morning after the sale.

AJ - Why hasn’t your buy shown up in the trades then?

News on P2478 in North Sea due end of month. Will the interested party wish to negotiate farm-in terms?