Member Info for ShafTedAgin

Lousy alternative offer, couldn't agree more!! This is the problem with share deals, always prefer cash. I'm beginning to think an organised wind down of API by its own board is a better option than either of these deals.

I had hoped this is what they would do, but deep down didn't expect them to. Very pleased they have decided to do it.

Well, there was support at 420p, for a small bounce, but today's drop is disappointing and concerning as now it could fall a further 10% to around 360p . At that stage I feel it is very open as a takeover target from the US, but we may struggle to get anywhere near 600p.

No, not yet.!!

The share price drop is quite dramatic and a bit worrying, considering no news. However, we are due a trading update and the drop may well be related to end of calendar year trading.

Keep an eye on support around 420p, but a bit too risky to buy prior to trading update. Personally, I wouldn't be surprised to see some interest from the US, if the price remains low.

Thanks Testing.

Been quiet here for a while now. Quoted spreads have been a little deceiving, but now seem to reflect the trades a bit better even if a wide spread still shows.

Interesting times now as we would normally see the directors picking up stock at these prices. Overdue some news on the conclusion of the BMN CLN close out and ALTE. The investment in CPH2 has not worked out very well. Engage and WeShop quiet too.

Hopefully we will soon get some positive news after a lacklustre year.

Thanks. I read your earlier post to quote yield, not roi.

I thought the retail bond was issued at 4.5%, so at current price it equates to a 5% yield?

Share your frustration, but is was confirmed that Prim hold no shares in BMN, not sure if we still have any CLNs though. Overdue some news, however, not expecting any substantial uplift soon. RMM, CPH2 have obviously been poor investments. Slow burner still and hoping for a couple of stunning exits which could double or triple our market cap.

Resisted commenting for ages and yes, I am a holder for several years, but now this must be worth a punt or top up. My estimates suggest cash reserves about £2m, annual burn at approx 0.7£m, which seems a bit racy, but we're building some attractive projects which could well attract some outside interest. It does smell of a cash call, but that was commented on quite a while ago, but nothing yet. Even with a cash call, if it goes on building reserves then it's not the end of the world. This is being priced for near collapse, so I think it's worth a punt now, even if they raise at or below this level. Constructive comments welcomed, but please if you can't do that don't bother.

I have a feeling you may be right. Forward selling taking place?

I doubt it. There was very little cash showing in the half year report and 2 directors were paid in shares.

Anyone else think this may be subject to a higher bid? There seems to be some chunky trades with a couple of holdings being boosted and declared over the last few days.

Surprised not see any comments re: potential sale of WeShop. Picked this up from the VELA chat. Looks to be around book value, but also thought we had some form of Option via convertible loan notes. Hope PRIM still hold this.

I don't see an alternative strategy. It's a discounted bet on GGP. Any significant sale should generate proceeds for a return to shareholders, I think it will be long wait though.

I have 119-120 pencilled in for next resistance

Same for me, 90p ish. Do wonder whether a PE take out is more likely before it reaches there though?

The fact that they are now getting the accounts/results released, suggests that they are closer to getting the shares relisted. Problem I have is, that it is difficult to know what value is really left for existing shareholders. Time will tell, but it is a better time to sell the remaining assets than it was 6 months ago.

Yes, agree and frustrating, but we'll probably get the chance to top up close to 121p anyway.

...... Share price is holding up reasonably well, so most of this seemed priced in. I'm holding with a target around 100p.