Member Info for unvrkw

Roll on September and hopefully Richard sneller has made the right decision

future orders could have been covered off through standard RNS releases, i'm assuming this is good based on the two new orders highlighted, hopefully this is the case

i would agree. i'm and leaving where is. i've always taken the view of investing as best i can and then some will come through, some wont. i've lost cash, gained alot of cash, slowly going in the right direction.

i mean they have increased overall sales and turned a profit which was the want and expectation.
they have done what they said they would do, two new orders at £500k against a total sales of just over £8 milion is pretty good going, based on CD and to a customer in china where we can assume the market is huge.

i would suggest there are a few more of these potential deals close to coming through and they want to highlight and post also. steady as she goes, 10 orders and you can see revenue up 30 to 40%, knowing that we make money in these areas.

Going to let this play out far more over the next few weeks, when it hits £2 I’ll buy many more

Just bought some too

i think they have set their initial limit of ownership at 50%. they have then said it could stay listed if they dont get that many however if they get far more they will take it private and delist. at no point have they said they will or can take your shares of you more they say you will suffer less liquidity potentially if you hold on?

interesting dynamic as of course they are keen to say by owning the business they have a great future planned and huge growth plans so why wouldnt you want to be part of it? my intention is to hold at the moment and see where this goes, worse case you own shares in a growth company that wants to move forward

Interesting people are now getting out I would imagine and some loss, better cash than non at all!

I’ve had one business go into admin recently, small loss from the gain I had made in the company years ago. I’ve also had one delisted business for years now put forward a new prospectus to list once again in Canada with the promise of more to follow.

It’s a really risky business, ironically I think as Fox gets closer to making far more money no doubt ear prick up and everyone comes out the wood work wanting a slice.

Not sure I believe the internet or paper articles, not because of what they say more because most news now a days seems far from the truth. However as they say no smoke without fire.

It’s going to be a hairy few weeks and months. There is no actual need to report any numbers bar I guess significant impact on the business then shareholders are entitled to be made aware.

If it’s at the lawyers then I can understand the silence which will be requested. It’s more than dodgy rns which can arrive any time saying admin has arrived, total collapse. Is there the will and cash to cross over a few hands and make this go away. The quarry needs the fox plant, the plant wants the marble!!

beautiful, makes me feel all happy and confident

i think what is being suggested is there wont be a company to invest in as this gets taken private or drops into admin and then pops out debt free with someone else down the road.

the problem is when trouble comes along admin can be quite a easy option dependant on who you are, lets see???

Any indication of what it will be. There is some reference also to a Detroit energy company

Might be a slightly less hard liner? No idea if any impact for fox

It’s pretty pretty dire to say the least.

pretty hard to get the understanding clear of what is taking place. i thought one quarry was closed and the rest would still have reasonable volumes going through them. next few weeks or more are going to be very interesting, i hope this isnt all going to get pulled from under our feet

https://www.investegate.co.uk/cic-capital-ltd/rns/preliminary-non-offering-prospectus/201908120700076336I/

Well today it is, we shall see

If they have any assets?

Well he now owns 3% of the company, very interesting and didn’t seem to help the sp, must have been plenty sold

It is not critical to Ivanhoé Cambridge and ICAMAP that they own the whole of easyHotel, so they have set the acceptance condition for the Offer at only 50 per cent. of the issued share capital of easyHotel. While the Offer gives shareholders a compelling opportunity to realise their investment by accepting the Offer, the structure of the Offer may allow easyHotel to continue in its current form, depending on the level of acceptances of the Offer.

i think they need at least 70% to take this to the next stage and they get only so many offers. so the first offer hasnt worked, expect at least one more. easygroup hold 24.5%, polar capital have 5.9% and bennbridge ltd 5.2%.

so they have quite alot to do and as you would expect ICAMAP are highlighting poor results, need a new direction.

imagine if stellios had sold out easyjet, a huge, very successful business so i'm hoping its not all noise and he will hold out, certainly isnt desperate for the money, bet he is negociating a larger annual sum for the brand name??

The offer represents a 35 per cent premium on the company's closing price on Friday of 70.5p.

Easyhotel chairman Jonathan Lane said the offer is 'fair and reasonable' and would help the hotel chain accelerate its expansion into Europe.

But Haji-Ioannou has a different opinion: 'I find the offer from ICAMAP to be very low and I urge all other shareholders to take no action until the true value and future potential of Easyhotel can be evaluated.

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'It should be noted ICAMAP themselves paid 110p (per share) only 18 months ago and the stock has been as high as 128p just 15 months ago.'

Shares in Easyhotel jumped on the news, rising 34 per cent to 94.5p in morning trading. They have fallen by 18 per cent over the past year.

Harm Meijer, founding partner and managing director of ICAMAP, said the company needed 'a change in its shareholder base' in order to become 'a true leading pan-European budget hotel player.'



Easyhotel, which has 38 hotels in 10 countries, targets the low budget market, with rooms priced on average at around £70. It joined the stock market five years ago, listing at 80p a share.

In May, it revealed that sales jumped 25.3 per cent to £20.2million in the six months to March 31. But it slumped to a £124,000 pre-tax loss in the period due to the temporary closure of its hotel in London's Old Street, and depreciation.

Bosses had previously said they plan to open five new hotels by the end of the year and nine more by 2020, at a cost of £49million.

Easyhotel has grown rapidly in recent years, although it got caught up in the collapse of LateRooms last week