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Hmmm Croft Nominees, not heard of them before - finally found this little gem
Croft Nominees Limited is a dormant company incorporated on 13 August 1984 with the registered office located in London, City of London. Croft Nominees Limited has been running for 36 years. There are currently 6 active directors and 1 active secretary according to the latest confirmation statement submitted on 20th October 2020.
DORMANT - wtf ?! - All six current directors are solicitors - what can I read into this ?
nominee /n?m?'ni?/ noun
1. a person who is nominated as a candidate for election or for an honour or award: "an Oscar nominee"
2. a person or company, not the owner, in whose name a stock, bond, or company is registered: "an offshore nominee company" (courtesy Oxford Dictionaries)
https://suite.endole.co.uk/insight/company/01840423-croft-nominees-limited
Dare I say we gonna need some good luck getting our share's back off of those guys after nine months ??? :P
and a 6
Look carefully....turn the number 6 upside down.....
And it's a 9!
smoke and mirrors ?!
I hold a HL trading account - costs me 11.95/5.95 to do each trade - that's where my serious savings are
I also dabble with a "play" account with Trading212 - its real money but there's no Commission - they make their money on the spread (which consequently is a little on the high side) - the MINIMUM that I can buy (in OO) is 6 shares - additionally there's no stamp duty on OO - I'm sure there's other brokers with lower limits and I am sure others are doing similar and can buy similar and lesser quantities on different platforms.
I own up to FOUR of the 6 share trades today
Hope this helps with some of the MM conspiracy theories ?!
Can't help thinking that this is a bit of a gold-rush share - small Mcap - no institutional investors - no news - figure all the speculators are either playing with shares with more immediate prospects - or that covid freedom has led to less speculative gambling because people have found better things to do - or that investors genuinely getting fed up with the wait
Interest on this share is only going to turn on news now - although that has previously been the case - it's even more so now - steady downward trend for now - just how low will it go ? - if (or when !) any sort of decent news hits then it's obviously going to rocket
Me . . . . still invested . . . . GLALTH
When and if indeed - I am a big fan of top-slicing - having got into Sareum as a gamble £1600 at 0.6p and seen it multiply ten fold - I top-sliced at 5.4p (around£4500 ) initially watching the sp retreat before returning to its 9.5p high - I have seen similar before - a sure fire thing that's going to make a million (NCYT/OMI/SNG/AVCT) where I have been fortunate enough to ride the wave and (mostly) getting out good by top-slicing - individuals ramping about what they are going to spend their fortune on - only to see the SP disintegrate - a top-slice and free ride is your friend :P
I liken bb's to a football supporter group - everyone has an opinion - usually relating to their team being the best thing since sliced bread (sometimes they are even right !) - anyone who raises doubts about their teams ability gets shouted down by the crowd - it's even comforting when things DO go wrong because the bb becomes a bit of a support group - with may sharing your woes at bad performance - and the occasional wise-guy telling you they knew it would all end in tears.
In relation to AIM stocks - I figure I am more a gambler than an investor - novice investors should remain aware that contrary to the majority opinion apparent on any BB - that this is NOT a sure-fire thing - much of the sp rise is on speculation - a bad RNS could kill this share in its tracks - (yes and a good one and it may multiply again) you pays your money you takes your choice
Disappointed with my decision to top-slice - yes, sort of - but I am comforted that my remaining shareholding (200,000 approx £13k) is on a free ride - even if the SP goes to zero then I am in profit - will I be disappointed to see the SP go to zero - yeah sure - but there's a point where the "gamble" becomes real-money rather than a paper gain - to me £13k is somewhat substantial - but greed has kicked in and the prospect of a quid a share, to me, would be somewhat lifechanging - nerves will no doubt kick in again when the value hits £25k and several intervals upwards - where I may well rinse and repeat.
Yeah I am still cheering for the SAR team - I hope it goes to the moon - but if by chance it doesnt - then am I actually bovvered ?
Every investor has his own agenda - do your own research ask yourself at what price you will exit, what %ge profit you would be happy to get out at TODAY - above all - GAMBLE ONLY WHAT YOU CAN AFFORD TO LOSE !
GLALTH - c'mon you SAREUM !
I make it around 30 million reported after the bell - mostly "reported" as sells - but can't be bothered to check if this is actually the case - quick Qs for the experts - I'm aware of the argument that every sell has a buy (and vice-versa) and that it may have been the case that mms simply filling orders but - 1. doesn't this majorly distort the SP -? 2. is this a form of manipulation by mm's ?
Wow - down 17% as I write - I shoulda taken it all off the table when it hit 9.4 and be thinking about buying back now - but we ALL know that NOW !
Yeah we don't all got crystal balls and know exactly what MrMarket gonna do - We are on AIM - gamble only what you can afford to lose - and enjoy the ride - I know I am !
Is it gonna DOUBLE from here or is it gonna HALVE from here? RED or BLACK ? - you pays your money you takes your choice - nobody likes a wiseguy with a "told you so" attitude
I can still hear in my head the thunder of the herds as they arrived over the past few days - and exited to the next big thing :P
This story has a long way to go yet - if you are in it - GLALTH - GLA Gamblers - GLA Investors - DYOR and dont believe anything you read on these boards !
Most likely same procedures as any normal dividend but with inherent delays for procedures - There will be a timetable announced via RNS with the full details - Court Hearings - AGMs etc - Ex-Div date (the one you are asking about) some time in the future and may not even be on that timetable as it may even be that return of equity may be by way of share-buyback or that Tek decides better places to invest rather than make a direct return
https://www.sharebuyers.co.uk/shares/tiziana-accustem-ipo-to-demerge-stemprinter/
Hmmm that was dated SEPT 2020 - "The newly listed Accustem will seek to be admitted to the standard segment of the London Stock Exchange during the fourth quarter of 2020 with a dual listing on NASDAQ on the cards for 2021.
Do I read that as a misclick - for 2020 read 2021 and for 2021 read 2022 ???!!!! or should I be thinking for 2020 read 2022 and for 2021 read 2023 ????
I've resigned myself to attirbute NIL value to my (potential) Accustem shares - when and if they finally list - at least that way anything that they are worth will amount to an (unexpected!) WINDFALL and means that (to me) there can be absolutely no negative news or down side :P believe me I feel all the better for it !
The spread on this share makes it difficult to day trade profitably - steady decline while we lose the quick-buck and short merchants who take the decision to finally swallow their losses - I'm not sure but if u want to short this share then it probably gonna cost u more than u make at this steady rate of decline ? - No doubt that this will gear-shift on any positive news - although the opposite is also obviously true. The absence of any trading volume reflects this - how low will it go before news is anyone's guess - - on another note - it is always interesting to correlate the ratio reported trades with the number of chat entries !
Scott86 - Yes W8-BEN form - HL will send it to u online and u complete it online - every 3 years - takes about 2 minutes - as for 212 - the last I heard (was previously posted on this BB about 5 months ago and its still in rumour control - someone contacted them and shared their response) is that you will not be able to deal them on their platform - they will simply sell them on the 1st day of trading and distribute the value they receive - yeah I don't like it either but that's what you get with a no-frills platform
1. For any spin-off that is listed, OO shareholders would receive equivalent number of shares in new company? This is automatic? - Yeah pretty much
2. For any spin-off that is not listed, we would receive special dividend? - Should do - unless Cathal has better spots come about for better investments - in any case it would sit as CASH on our bottom line balance sheet which would affect the SP in a similar manner
3. There seems to be differing opinions in what the SP will do after the spin-offs - Yes your guess is as good as anyone elses !! thats why we play !
I see a couple of newbies here and would just like to make the following observations - apologies to the more experienced - I don't want to try to teach how to suck eggs !
Its kinda cosy using BBs - I liken it to a football supporters club - investors on them (for the most part) all have an insane belief that their team is the best and its really going to go places - anyone expressing a contrary view is "rightly" castigated - sometimes this absolute trust is obviously misplaced and you cannot implicitly trust everything you hear in them. Loyalty doesn't make you profit but sometimes it makes u feel good to have others share in your successes and sympathise with your miseries - Facts presented are not necessarily facts - hence DYOR (Do Your Own Research !) - if a fact is presented then check it out where you can. Only invest what you can afford to lose.
My favourite "fact" is regarding Cathal Friel - taken from his resume on the OO website
"In 2001 he was part of the team who successfully established Merrion Stockbrokers in Dublin and in 2007 he founded Raglan Capital"
This means - he KNOWS how the market works - and he KNOWS the right things to say and do
Can we trust him for the duration - I know I do ! - can you ?
Ohh I should add - I had some TILS shares with Livetrading212 - they have advised that will not list new ACCUSTEM shares - they will just make a cash payment to holders on the first day of trading - I dont know if that is the case with Freetrade - guess it depends on your broker
JC - My understanding (and its just that !) - I think its broadly correct - but remember that markets WILL move in the meantime
You simply just need to consider that the VALUE of OO consists of the sum of all its parts - that is - UNTIL any separate company in spun-off
Lets say (for example only) that the MCAP of OO is 100 million and its trading at 100 pence/share
Lets say that the market values SPINOFF as 20 million
Thats 80 Million attributed to OO and 20 million to the SPINOFF (80p OO + 20p SPINOFF)
You should get an identical number of shares in the new company that you have in OO but they will be worth less (or more !)
Once the SPINOFF demerges (ie shares are issued then OO will go "ex-rights" - a date would be published via RNS) and the value of OO would remain at 80 million (the effect being a 20% hit to the overall SP and trades inherently at 80p) and SPINOFF would react to market forces (either good or bad) that element would be a bit more of a gamble than OO as it would be an "unknown quantity" and the market will re-assess and dictate its actual new "value"/MCAP with the share price "floating" accordingly probably around 20p
A similar situation arises if a cash OFFER is made for SPINOFF - The value probably being returned to shareholders by way of a special dividend
You neither make or lose anything on the spin-off except for values MrMarket attributes to the shares
A similar situation has occurred recently with Tiziana (TILS) with their ACCUSTEM spin-off -this was actually a bit messy and is still not fully resolved after six months but you may wish to browse their RNSs to get a feel for an example in that respect
With you on this Geoffie - been meaning to top slice for weeks - instead find myself topping up and trying to work out my exit point - somewhere around Cathals predicted one billion mcap in a year appears first target !!! - thats an SP of around 150 !!!! - do i dare include the divi's to come too ??