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Steve try Investing.com or Webull. Both free. Or Hargreaves Lansdown as you get live bid and ask prices.
It sat fro a long time at 89 then when US markets opened it bounced up to 92 quite dramatically. If this movement continues where will it end up?
What do you know Farruggia ? SP up as much as 7.5% today alone, as well as the rises in recent days. Somethings happening )
Centamin currently $1.30 on the US markets. 25.29% drop. Which roughly equates to .9936 pence.
Yes indeed. I've got a good feeling about this positive movement up. Sold a tranche at 81 and bought more at 80. Don't know quite what's going on with IQE at the moment, but there's something in the air. ATB
Point taken Ken. The way I look at it, when equities are doing well then gold usually takes a hit, but as gold is holding and marginally up at close I got itchy fingers. Hope it's not FOMO though. Have a good flight by the way, and look forward to the sun, sand, and the booze ! ATB )
Back into CEY. Golds holding well despite the positive noises coming out of US-China negotiations. Think this one may have more to go. If gold hits 1340-50 it should fly.
Interesting. If that 700000 was a short then it hasn't really effected the SP. The two blips on my chart has the SP coming straight back to the 80s after the drops. Either very strange, or very positive.
Noticed a couple of big drops down to 76.30. It happened twice in the last hour to the same price. Has anyone noticed any big sells?
Yeah might well be a server issues then. If that's the case then HL or iii can't really fix it at their end and they'll just keep fobbing us off in the meantime. The bu;ger is that if you don't keep refreshing your page then you can easily miss the trade as I've done a couple of times this week. Needs to be fixed pronto.
Ken I've been having the same problem for days. I run two iMacs and and both have the issue, but the older on can take a couple of hour to get into the secure number page. It's totally random and swapping browsers doesn't help either. Any heads up on this would be a great help if anyone can find a cure. ATB
Well I've just popped back in for a small amount. The SP seems high but we've had 5 days of rises and the 80s are holding well. I've a feeling somethings in the pipeline and that this could go further rather than a fall back to the 70 mark. The report day is still a way off but there could be a steady rise in the following weeks. ATB.
Thanks guys. Not just me then. I missed the 298s a couple of hours ago coz of this ! I've got two computers and managed to get logged in on one but the second still won't log in after a couple of hours at least. Nuts !
Anyone having any problems logging onto HL ? I'm just getting a blank screen after the getting passed the home page. Damn frustrating !
Had a chat with Hargreaves Lansdown and apparently Daniel Stewart aren't in administration otherwise they would have informed us. This is what I got from an ATC document:
DSS is a separate entity to Daniel Stewart and Company PLC which we have been notified went into administration on 1 February 2019.
Atlantic Carbon Group Plc
7 February 2019
So I don't know what this means. Looking at the wording it could be that Daniel Stewart and Company PLC was some sort of subsidiary. Cant explain this at the moment though.
As you say, we have no choice in the matter, and we don't have a vote as DAN has just gone into administration. Neither have we been informed by ATC as to what our entitlements are. It's all in the hands of the ATC shareholders to approve the reverse acquisition and merger. We have no say.
I would still like to know how many DAN shares are in issue to get a better idea of our proposed 10% will be worth, and I'd also like to know if there is provision to convert DAN shares to the new ACG shares at the nominal price of £0.025 and not have to wait until it launches as it will inevitably be higher than that. It's a really grey area for us.
With all this going on and this board being very quiet, I can't help feeling that many Dan holders are unaware of what's happening. Furthermore my broker doesn't even know what our position is as they haven't been informed as yet.
Hi Digit4lis. So you think there maybe a cash settlement for the Dan holders then. And 20m or so would be 10% of the 200m estimated values of the group.
I'm hoping there maybe an option to convert our holding to the new shares prior to re-listing and this could be done at the nominal value, which is £0.025 which would be good as I think we should increase our shareholding. However our true value may not be apparent until after listing and trading starts. Any conversion to the new shares would then be at whatever the market value is, which could be anywhere between 0.05p and 2.5p, which gives us a much smaller holding.
Having been on the ATC chat board it doesn't look like this is a scam as Hargreaves Lansdown suggests. I think its more the case that HL haven't had any information regarding DAN holders. In fact DAN apparently went into administration on 1st Feb 2019.
It looks like what's happening is that ATC would like to re-list on the main market, but is not big enough to achieve that market listing. If, however there is a market registered company thats no longer trading then ATC can reverse acquire it and get onto a main market much easier. Daniel Stewart fits the bill perfectly. So ATC reverse acquires DAN and hey presto, gets a market listing.
The next thing is what do current DAN holders get out of it. Well its looking like 10% of the new group according to ATC's offer document. DAN changes its ticker to DSS and becomes the parent company, ATC changes to ACG and the whole group becomes Atlantic Carbon Group PLC.
So if we get 10% what's that worth? Well there are figure of 100m, 200m and 300m flying about. If we say 200m then DSS holders will be worth 20m. Next question is how many old DAN shares are in circulation? If we knew that figure then we could work out how much our individual holdings are worth. Though I fear the value will be much less than we paid for them.
There maybe an option to convert our holding to the new shares prior to re-listing and this could be done at the nominal value, which is £0.025 which would be good as I think we should increase our shareholding. However our true value may not be apparent until after listing and trading starts. Any conversion to the new shares would then be at whatever the market value is, which could be anywhere between 0.05p and 2.5p, which gives us a much smaller holding.
I'm making assumptions here, but they are only assumptions. No information has been released to DAN holders or their nominees, of which mine is HL. Nobody has any real idea how this merger/acquisition will effect us, but if anyone has any further thoughts then please post. We need to know what's going on.
GLA.
Whats happening here now ? First thing we had an SP of 74.8 at over 4% up. Now we're at 68.8 and about 1.2% down. Really thought this was going to be a stellar day. Could reverse but its looking disappointing at the moment.
Thanks hobione and unvrkw. Its looking like 10% of the new business then. I wonder if that means 20m (10%) to be divided among the DAN holders as a cash settlement ? Or perhaps an option to convert the shares to the new group. I have 1.3 million Dan shares and I'm wondering how many I could end up converting to the new shares if that's the option.
One thing though, it dosen't look like DAN holders have to do anything by 28th Feb, rather it looks like we just have to sit tight and wait for the merger to happen. Its a frustration though, that no information has been sent to DAN holders, which in my case would be Hargreaves Lansdowne as the nominee where my shares are held.
Thanks guys for your help in advance. Cheers.