Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Personally, no. By doing so COMs will be putting all their eggs in one basket. I once stated a long while ago (DB days) that Darkside should even be the main heart of the business based on the clients that are interested in their services and the good quality of the work they produce. Redstone has always been a service that is expensive to run with minimal profit margins. I would the board to focus on how they can make Redstone more profitable by reducing costs to maintain it and to make the service more eligible for new business. Also Redstone services have a lot of competition. Even large corporations like IBM offer smart building services and already have other existing contracts with many larger companies. I would expect the focus of Redstone would be around smaller companies who share office space where space is limited (London being a perfect example). I have come across serviced offices that can be rented on a temporary basis which prevents the need for a lease. These can be rented short-term with costs included. There might be potential for Redstone to focus on management of these serviced offices? Not too sure if Redstone would have the ability to lease properties themselves to be used as smart office space which they could rent themselves in places like London? It's a hard one to call but I always have the feeling that new business for Redstone could be hard to attract. It would be interesting to see what plans the board have in mind.
Having read the full RNS it seems a much needed shape up of this company has been successful and as a result seems in a far better position to pursue new business. Redstone seems to now emerged as the main heart of the business. Back in the DB days I always remembered this being marked as the 'less profitable' part. Seems things have changed but should always be approached with caution in my opinion to see how this pans out in the next year or so. I think ceasing the telephony part of the business was a good move. I remember hearing the feedback from this was extremely poor, customers for example did not receive a timely response (if one at all) when the service was down (which appeared to be quite regular and often). Darkside again seems to be a good asset. Not too sure what was meant by 'trading restrictions' but having worked with large names such as Sky, Audi and Disney they have good exposure for both them and the group. If you can somehow harness this exposure into Redstone this could be valuable. Overall the business seems to be in far better shape. The under performing areas have been 'cut away', allowing focus to remain on the potential areas. A lot will now depend on Redstone demand and whether new business can be won for their services. I would still approach with caution but like to overall direction here.
That people do not look deeper into why a share has risen in scenarios like this. Are people really prepared to part with their money when something as basic as a 1:10 split in written clear as day? Application has been made for the 27,917,654 New Ordinary Shares issued to Existing Shareholders, the 107,142,854 New Ordinary Shares issued pursuant to the Placing and 3,571,428 New Ordinary Shares issued to advisers in lieu of fees at the Placing Price, to be admitted to trading on AIM. Admission and dealing is expected to occur at 8.00 a.m. on 15 October 2015.
What are people's views on the share price after this comes out of suspension? Also how do people believe this will behave? Is it expected to gain much from the projected 1.68p price I have seen flying about?
Morning all. I have got my options from Barclays listed below: Option 1a: Securities Option (Basic Entitlement) - Take up shares in your Option 1b: Securities Option (Basic Entitlement) - Take up shares in a non ISA account you have with us. If you do not have sufficient funds within your ISA, you can take up your shares in a non ISA account if you have one with us. Please ensure there are sufficient funds in your non ISA account Option 2a: Oversubscribe - Take up shares in your ISA. Option 2b: Oversubscribe - Take up shares in a non ISA account you have with us. Option 3: No Action (DEFAULT) I have the option to buy 64109 new shares at a subscription price per new share: GBP 0.0168 From my calcuations this works out at £1077 What would you do in my situation? Original purchase was: £1500 at 0.6 which is not a measley £291.70 worth. Am I asking for a miracle for it to recover anywhere near a similar figure again? I have doubts pumping more of my money in a company but have never been involved with a suspended share before with the options given to me. Thanks in advance.
Adam Reyonlds is to be removed from the new proposed board. Verdes Management PLC (to be renamed REACT Group plc on Admission) Company website changing from www.verdesmanagementplc.com to www.reactbeyondcleaning.co.uk Ordinary Shares of 0.25p each (Following a share consolidation of 25:1) Nil shares to be held as treasury shares Up to 275,389,753 ordinary shares to be admitted (of which 929,953,462 shares of 0.01p are currently admitted to trading (this will consolidate into 37,198,139 shares of 0.25p); 92,857,142 new ordinary shares are to be issued as consideration for the Acquisition; 104,166,666 new ordinary shares are to be issued in relation to the Placing, up to 24,798,759 new ordinary shares in an Open Offer; and 16,369,047 new ordinary shares are to be issued in relation to conversion of the outstanding convertible loan). Amount of new monies to be raised on Admission between £1.75 million (the subject of a firm placing and up to £0.416m in a non-underwritten open offer In addition, conversion of outstanding convertible loan (plus " premium" on conversion) of £275,000 into new ordinary shares, conditional on Admission of the Placing Shares, Consideration Shares and Open Offer Shares Market Capitalisation on Admission of between c£4.2- c£4.6 million (dependent upon the take up in the open offer) (based on the placing price/open offer price of 1.68p per new ordinary share
Please can you explain this to me. Currently I hold 224,300 shares at 0.6 long before suspension. Currently this was done through Barclay stock brokers. How would I be offered or do I require any action? Thanks.
Helium are the ones issuing the unsecured loan and were the ones who recommended Adam Reynolds to be appointed to the board. Their belief in the company is shown through the offering of a loan after two failed attempts of investments at late stages, which naturally would eat into company funds. If helium didn't see a future in VMP then they would not risk loaning cash, especially unsecured.
Looks like I'm just letting this one ride. I doubt we'll have a deal struck up just for the sake of it. I think this will be suspended for the mean time but I'm confident of the board and would prefer they choose to invest in a company that is worthwhile and has potential. My only concern is the low amount of funding, including the loan provided by helium. A possible drive for further funds is likely in my opinion. I'm just going to keep this for a while in the hope it turns into something good, which I'm sure it will. Shares are a waiting game, nothing tends to come overnight. Best of luck all.
The powers within me, I force this share to rise to over 20% today 🙌
Doesn't read as bad as it seems in my opinion. It means they are looking for the right investment rather than rushing to stay within the AIM rules. The loan was issued (imo) based on 1) Helium's large holding and 2) Adam Renold's on the board provides confidence. No doubt there is confidence in the company to be issued an unsecured loan of that amount. I think they may just have been unlucky with two failed deals collapsing as late stages. VMP's time will come. In the mean time expect this share to fall further. A possible bargain to he had in my opinion if a deal is done soon.
We go, my initial investment now worth less than a quarter of what was. Hopefully we hear what's been happening this past year and it best not be twindling thumbs..!
Might have something to do with no news and 5m sells with no buys...
Excellent start to the new year. Love topping the day's biggest faller table. Keep it up VMP
I am grateful SC and Virgin have won this deal. East Coast currently do a good job and are top of a customer satisfaction survey. I wouldn't say they are great, just the best of a average bunch. Trains are usually on time. The customer service is very good. The only downside would probably be customer comfort and an ageing fleet (trains are around 25 years old now).
That some people lurk around on this board, investing hard earned cash yet fail to distinguish a rise in SP from a share consolidation. Just think, some of these people are advising or sharing opinions. It really is basic stuff.
Big gamble, only chucked £1500 here but I'm happy to sit on this for years if I had to. With the investors behind this and the proven BOD, especially Reynolds, I'm sure this will turn into a multibagger in time.
This is one I have bought in for the long term I shall be holding this for a while. Don't expect much from this in the short term but hopefully one for the not too distant future. DB from Coms has bought into this with a substantial amount hopefully he knows something that others don't or sees potential that others have missed. This is one to keep on the shelf and forget about for a while.
Similar to COMS. No news and a slow decline in the SP. Hopefully some insight would come of this soon but then again I took a gamble on this one, getting £1500 worth at 0.6. Either way I'm willing to wait long.