Member Info for saintpeter7

Hi wressmycase.

Since we last spoke on here, I added a further £4K. My research indicates that the ME Group appear to indirectly own 59.84% of Forbes through owning Quanta via a group structure. The logic is that in due course the ME Group will come to the market in some way perhaps using Forbes as a vehicle to do so.

Has anyone any idea how this chatroom sprung up again? Would Forbes have requested it?

Excellent updates for us Amnesic - cheers.

Good to see the SP bounce off the current trend-line. Longer term this has to be one of the shares to hold for 2019 and beyond with the experienced and knowledgeable Bod and the assets and connections they already have.

Well one since at 1.51p but having added, bid has been moved up again. Nice to see that investors have woken up to the potential after a few weeks of relative inactivity. Trading update expected this month.

https://twitter.com/petergedwards1/status/1080246863750750208

Check out Vox

In these difficult markets, there are few shares that you can say should be one to have for 2019. But this ticks all the boxes for me. Strong and experienced management with 3 potential game changers.

Steve Staley's latest broadcast gives an insight into #UPL.

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You know it doesn’t mean anything more often than not. Always seems to be at least 3 months! Lol

Recent news release shows where ITX has common products as Nouryon https://chelates.nouryon.com/applications/cleaning/

Looking forward to news of agreement with them before the end of the year.

Nice break of the recent downtrend in the last hour today.

Bought £2k at 4.64p at 3.04 pm which the mms don't seem to want printed. Calm before the storm indeed.

Hi wressmycase. Getting interesting. RNS on Friday certainly didn’t deny the rumour. Even if this does not happen, the company has set up Forbes Advisory in the Cayman Islands and FVIM in the U.K. to conduct business and no doubt that will prove very profitable. The NEDs have expertise in the financial services area. So all is set up and nearly ready to go.

The resolutions are probably those required to cover the allotment of shares to the directors in exercise of share options just like last year.

Resolutions -this may be a forerunner of a share allotment as happened last December. Look back in Companies House filings and you will see the same last year. Interesting timing - one year on.

NI - only about £4ks worth then!

Last time I saw this sort of action was in #i3e. Once seller had been bought up, the SP shot up as effectively the pressure was released. Certainly the share was oversold.

Trade at 12.05 was a buy based on SP deals at around that time. £9.4K buy.

I know that Stevie K has been put on the back burner, but did you know that Kate Fissenden who was very involved in both brands left the company in July. Wouldn’t be surprised if she had got fed up with apparent lack of progress with them.
I am a shareholder having held them initially when the share price was what it is now in the early days. When you consider the progress that has been made since then, it is astonishing that the SP is back down to this level. Seemingly it shows the lack of confidence that arises when the major man sells down his shareholding and the.company has a few hiccups along the way.

The mcap is now only £12m and when profits for the current year will surely be at least £1m conservatively, a PE ratio of just 12 shows how unloved the share now is. Arguably, buying in now should be relatively risk free, subject of course to the general market malaise which doesn’t help.

There was certainly good volume yesterday with the hammer candle, a typical bullish reversal signal. So good to go higher if volume keeps up.

The business model is producing positive cashflow and my understanding is that repayment of the loan is expected to be made in cash as early as January.

http://www.edalecapital.com/ they know what they are doing!