Member Info for TalygarnTom

It's complicated and not easy to predict but in general terms it would be very bad news. You would be lucky to get back 50% of your investment from this point because most shareholders would not want to hold stock in a private company and would make for the exit.

My best guess is that it could be going the same way as Sphere Medical. http://www.proactiveinvestors.co.uk/companies/news/182797/sphere-medical-slumps-as-it-proposes-cancellation-of-aim-shares-in-bid-to-secure-8mln-investment-from-neil-woodford-and-co-182797.html

I can fully understand why people don't like these numbers and the prospect of another placing, however, IMO if the sales continue to grow the key for me, as I alluded to previously, is where they can get the gross margins to. In 2011 before BOO IPO'd their figures were T/o 24.4m GP12.5m 51.4%! OP177k NP after tax 139k. So margins were good but they were not massively profitable at the bottom line at that point. Still early days for KOOV but sales and margins have to increase significantly and rapidly and cash burn reduced. Hopefully things like SOUQ.com will help.

The 2017 Annual Report is now available via the website. http://www.koovs.com/corporate/wp-content/uploads/2017/09/KOOVS-PLC-2017-Annual-Report-070917-web.pdf

For those still interested an article has appeared on the Diamondworld website alleging that Gemfields was suffering financial problems. Link below. http://www.diamondworld.net/Content/Gemfields%E2%80%99-financial-crisis/15504

Does he get to keep his shares?? http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RM2/13290656.html

For what it is worth this is a fascinating article I came across last month about marble quarrying in Italy (the competition!). https://www.nytimes.com/2017/07/26/magazine/the-majestic-marble-quarries-of-northern-italy.html?smid=tw-nytmag&smtyp=cur

It looks like they trade through a company called Royal Stone Inc. Pristine Stone could be a company set up for the purposes of doing this deal or a holding company. See link below. https://www.importgenius.com/importers/frank-kaloshi-royal-stone-inc

Surely, there is an international legal process that would enable the investors in Acacia and or Barrick to sue the government of Tanzania. If these undeclared shipments turn out to be a fabrication or cannot be proven in an international court the monetary damages would now be very significant indeed given that hundreds of millions of pounds have been wiped off the value of the company.

Or you could take your chances and roll whats left into Acacia Mining.

https://www.dse.co.tz/profile-company/130

The Chairman is stepping down not the CEO.

http://www.proactiveinvestors.co.uk/companies/news/181399/virgin-money-tumbles-on-concerns-over-net-interest-margin-181399.html

Excellent post. That tells you all you need to know about the African psyche. They clearly think the President is bluffing or extorting. Choose your own verb!

And Woodford. https://halifaxiweb.digitallook.com/security.cgi?csi=21813428&action=deals&username=&ac=

Personally, I think they need to up the rate of dividend growth. The life is being sucked out of the price by more attractive returns on HSBC and Lloyds.

There are two key points to note in the terms on the RNS: 1) Conversion Price The Convertible Loan Notes can be converted into Koovs Ordinary Shares at a conversion price of £0.40 per share 2) Conversion by the Company The Company will have the right to require the holder to convert the Convertible Loan Notes into equity at the Conversion Price if: a) During the Term the 3 month volume weighted average price of Koovs Ordinary Shares is equal to, or in excess of, £0.75; or b) At the end of the Term if the 5 day volume weighted average price of Koovs Ordinary Shares is equal to, or in excess of, £0.45.

My mistake, you are correct. Thanks for the clarification.

This might not help the share price. Strange timing to sell a such a significant amount of shares. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/FOX/13270938.html

They left themselves awfully exposed to a low-ball offer reading this. http://www.telegraph.co.uk/business/2017/05/19/investors-hit-back-brazen-takeover-bid-faberge-owner-gemfields/