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What the markets don't like is uncertainty .. litigation least of all, and all of the shenannigans between TMP and Berukoff ovr RVD have only served to compound the general poor investment market conditions to drive the SP down to these levels. All we can do is wait until it all blows over and potentially consider topping up if you have a few quid to spare.
I would probably agree with you on that. If that's the case and lawyers get involved it could drag on for some significant time unfortunately.
"The Company is taking legal advice on the terms of the agreement between itself and VGG and simultaneously carrying out a legal and accounting investigation into alleged actions by VGG or persons acting on behalf of VGG which may affect the agreed purchase price." To me, this sounds as if TMP are saying that some "creative accounting" was used to make the books look better that they actually were when a price would have been agreed. I don't think that it effects RVD in the longer term and it could of course just be a diversion tactic by TMP, but it's a provocative statement to make. Any other views anyone?
I couldn't agree more Like I said a few weeks ago, RVD now has 4 wheels on its wagon, and gold coming out of the mine. It may take a little while to sort out the TMP debacle, but the only long term way that I can see is up.
It would seem that the implications of curiousgeorge's post are either that 1) They don't have the money available, in which case would they may be obliged to buy and then dump shares (not desirable in which case there would probably be some frantic renegotiation of the contract going on) or,2) There is some brinksmanship going on about the price. Either way, Mr Berukoff has obviously decided to set the cat amongst the pigeons. It will be interesting to see what happens over the next few days.
I would like to think that you are right, but AGM's tend to be about boring things like re-electing directors etc. I'm therefore not expecting anything too positive to come out of it.
.... that there is "some significant impediment" to the agreement for TMP to buy the shares as agreed. The question is what. Unfortunately with rumours, counter rumours and some downright mischief-making it's hard to see the wood for the trees at the moment. At the moment I am about 50% down but I'm staying put in anticipation of positive news on gold pours. Yet another share to be forgotten about for the next year!
Thanks for the feedback. Most of my shares held through HSBC are currently firmly dug in with a tin hat on at the moment, but good advice is always welcome for future reference.
Re your response earlier (13.35ish). You're right and wrong about HSBC. The service isn't great but they do often improve on the price that they quote you initially. Has anybody else found that they repeatedly get worse prices off HSBC? I have always thought that actual buy / sell prices would be roughly the same whoever you go to, or is that just being over-simplistic.
I'm getting quoted 2 / 2.25 from HSBC which makes more sense. Perhaps your broker has caught a touch of the sun!
The transactions are are reported at the price at which they are made. It's down to LSE or whatever board you are looking at to work out whether it is a buy or a sell. There are some weird deals being done at the moment, but I think that that is because transaction volumes are down due to holidays and market conditions so the MM's and brokers are cutting deals any way they can just to keep the trade volumes up.
I wouldn't count on it short term. I took it on a spread bet so I preferred to bail out at a small loss.
It's a correction from the rally over the last few days. a 50% increase over the past 2 weeks is hardly free-falling!
Got in at 72 expecting a bounce and got out at 68 pretty sharpish! When there is no bounce (or at least not much of one) there is the potential for further decline. The price had possibly held up better than it deserved to have done in the current climate, and there was no great news in the RNS, so 70 p ish may be a fair valuation given current conditions.
The only reason anyone would say they will be 1p is because they want you to sell so that they can buy your shares. Either that or they're better off placing £50 on the nose for number 7 in the 4.30 at Chepstow than trying to trade shares.
I think that the answer is associated with the conversion price of the loan into stock. If they settle on a conversion price of the stock at it's value in 1 year's time, then ASG get a lot more money for their company than any current buyout offer providing that everything goes according to plan (i.e. SP goes North) over the next 12 months. There is therefore a real incentive for ASG to put the pedal to the floor to ramp up the SP before the loan is converted into stock. If that happens and they reach an SP of 20p, then everyone is happy even taking the impending share dilution into account.
... if the initial offer was for a buyout which was turned down because ASG directors felt that the offer wasn't high enough. I must admit that I find the offer of a kindly loan from one company (not bank) to another a pretty unusual arrangement.
MM's seem happy to hoover up all those wanting to sell at 147p. Perhaps they think that some buyers will be appearing soon?
I wouldn't worry about today's close. It may not exceed Friday's. The next big jump would only be on further news. There was a hint of a further deal to be signed without any specific details, but I suggest you just sit back and watch for the next month or so. I can also see potential for an institution or two taking positions which would create an SP surge.
Neo Advertising are the top dogs in Screen Advertising but didn't have a foothold in the UK. the initial partnership with ASG gives them that. Conversely, the relationship with Neo gives ASG renewed credibility. The interesting point is that ASG are now shown as being Neo 's UK arm on the Neo web site. It's early days yet, but it would seem favourite that Neo should buy ASG outright ... possibly sooner rather than later, and try to take a dominant position in the UK market.