Member Info for slowlyslowly

No keep moaning and sell your shares. I'd still like to pick up a bargain so some nice negative sentiment would help nicely.

I'm inexperienced here. Can someone please give one example of a London listed company meeting a funding need through a large shareholder donating funds? Something to compare to would be helpful, before we conclude too much from the sheikh not going down a particular route.

Yes, hoping so. The bid is at 15, but waiting for the ask to drop. Keep being negative everyone.

Offer not well received, so the amount was governed by the amount of interest rather than by the target amount? And the amount of interest happened to add up to exactly £500k, not a pound more or less? Really?

Also, shouldn't be nt to sell. I have a limit buy order in there at 15p, if someone wants to take the other end of it.

Shall we play a game? Post a draft here of the RNS you expect to land at 7am on Monday.

Go.

Some may see it a chance to top up at 16p. I've hit the max I'm willing to hold, so not me, but I'm now seeing the earlier buy price of 19p as not the bargain I thought it was

You reckon it might drop all the way to the offer price?

So did they not discuss this bit at all?

to consider in accordance with section 656 Companies Act 2006 whether any, and if so what, steps should be taken to deal with the situation that the net assets of the Company are less than half its called up share capital.

But the meeting agenda wasn't restricted to the agenda.

Notice is hereby given that the Annual General Meeting (Meeting) of Bould Opportunities PLC (Company) will be held at the offices of Goodman Derrick LLP, 10 St Bride Street, London, EC4A 4AD on Thursday 8 August 2019 at 11am. to consider in accordance with section 656 Companies Act 2006 whether any, and if so what, steps should be taken to deal with the situation that the net assets of the Company are less than half its called up share capital. In addition, the meeting will consider and, if thought fit, pass the following ordinary resolutions.

What about the first part of that?

11am

And equally maybe I misunderstood. I agree, that would be a step too far.

I've just had another look at the article, and the paragraph that encourages me is this one: "It was important to us that the new business we created would operate as a standalone venture with its own team who would have to face the same challenges as any other retailer, so that we could really test the concept." And this: "Intu said that each venture will operate as a standalone, rent-paying tenant, led by a retail specialist and run in partnership with local suppliers."

Clearly the new business gets some help. But they're also explicitly not going to give them a competitive advantage by making it easier for them than it would be for others. How those two fit together, who knows, but they appear to wish to avoid the most obvious problem.

Patisserie Valerie, as I understood it, was an issue with accounting malpractice not excessive competition. This isn't Intu competing with their tenants, but allowing a local business to rent a unit that will compete. But what's the alternative? Almost any new tenant will be competing with someone in the same Intu centre, surely?

How's this competing with their own tenants? Please explain.
Also, is selling assets, sorting out finance, and improving the desirability of their malls strictly an either/or game?

Agreed. It's creative. As High Street declines, so will some malls. I suspect the ones that thrive will be the ones that offer more character than an identikit combination of predictable branded stores, discounted fashion shops and a food hall. This sounds like the kind of shop that adds colour and life, and that would gladly draw me in if I was visiting.

Or at the very least, there's a debate to be had before it's dismissed, a priori, as desperation.

The meeting starts at 11am tomorrow

Company Secretary: 50,000 - £20k

Yep. And at some point we'll get some real news about business developments. If that happens when the traders are in, they hitch a lift. If that happens when the traders are out waiting for it to drop to their buy-price, they miss out. Far too risky to dip in and out of this one, IMO.

Why ever not? If the AGM was about to reveal sensitive information about a planned RTO that would require a suspension, then of course they could.

I think it's routine to have an NDA at a GM that says in effect: "You can't trade on the basis of what you know because you're here, or disclose it, until the post-meeting RNS comes out". It wouldn't be good or bad news to have that. It's just a thing, to prevent insider trading.

The NDA would stop those physically present from sharing news of the meeting, but only until the official story is out. Then, presumably, the NDA lapses and having had eyes and ears on the ground will help us all.

Genuine question, @sain@vision: If things are as bleak as that, why did 3 directors or people associated with them buy shares these past two days totalling c. £135k. Why can't they see this to be the lost cause that is so clear to you?