Member Info for yorgi

My very thoughts Mystron........ I thought you decided not to buy Emma66 ?

Why out of the 2500 (aprox) shares on the LSE are you so wound up about a company you don't hold shares in ?

If the right company comes along then the potential is that the SP could multiply several times. £250k for a main market listing is cheap and as Still Waiting points out there are additional tax losses that add to the listings value to any company wanting to list on the LSE.

There is risk yes, but at this SP the risk to reward ratio is in my opinion favourable.

History is history it is looking forwards that counts.

What’s even more interesting is both londondan and marinville keep CHAL on watch and at the slightest movement in the SP or a post about the company they both return with their sarcastic and negative posts ??

Afraid they are going to miss something perhaps !

Mannnan it is on the main market not AIM. So what NOMAD ?

Gathering pace.

Buy while it’s still so very low ??

You are right on that precisely my comment

However with the decks now clear and with more than adequate funds to continue to trade on the main market it is a company ideal for a RTO.

This must be one of the best opportunities for any business who wants to move their business forwards via the LSE main market. At £250k it is far less expensive than doing an IPO.

That is why CHAL presents itself as main market listing clear for RTO and a very attractive price.

Risk that if nothing presents itself then the company will almost certainly be finished.

On the plus side bearing in mind the risk it has the potential if the right investment vehicle, business is found to multiply several times because the present market cap is a ideal opportunity for a business to list on the main market much quicker and at far less cost than going through as an IPO.

CHAL has ample funds to continue it's listing on the main market for a considerable time looking forwards.

To the very best of my knowledge there is no hope for the NYW now, so to suggest otherwise is to mislead.

However the company now as it is with funds to continue on the main market for something in the order of another 12 months makes it a very cost effective way of listing on the stock market.

If the CEO does not find such a business then that would be the end and then total loss.

However if the CEO does find such a business or a business finds CHAL then there is a very good chance of a significant gain.

£250k is surely cheap for a main market listing and ripe for a RTO.

The CEO is clearing the decks and the company is funded to continue trading for the next 12 months which should be time enough for a RTO or whatever else he might have planned.

Clearly a change of direction after the disappointment of the NYW but selling out of the Dallas Wheel with 9% interest on funds invested is a plus.

He is clearly confident of achieving that as he bought more shares himself back in December.

Now AF can progress with the new direction for ABAL.

As SW comments we probably won’t have to wait long.

On the previous post at 8.53.

Those two ? Should have been a big smile

Well done Scully but disappointing it did not go lower ??

That's a thought SW, we will just have to be patient a little longer.

Quite relaxed about the position at present and 8C clearly are as well.

Hopefully all will become clear once the resolutions are approved and the disposals completed.

Not a lot of interest so far today apart from a few small sells.

We will probably have to wait for after the meeting and completion of disposals before we see what Angus Forrest has in mind for the company. I would imagine he would have a very good idea.

The company will then have more cash in the bank than it's present market cap. Interesting times ahead.

Scully you might need a RNS, the BOD don't consider it appropriate I would imagine, the NOMAD clearly don't consider it necessary and I don't need or expect one at this stage. So no it is not "we"

I have posted for both resolutions.

To vote against is basically saying one has no trust in the BOD. If I had no trust in a BOD then I would sell.

I would add that it is clear that the BOD can't release information of what they are looking at to invest/RTO, I would have thought the reasons for that are obvious and on top of course any third party would probably insist on confidentiality at such a stage.

With September drawing closer we should be able to look forwards to news that all equipment is installed and commissioning is either underway or better still completed and is production has started. Of course we will then need to see some new orders hopefully significant from one or more of the areas mentioned in the last RNS : "In addition to previously announced progress on distribution arrangements, further partnership agreements are under negotiation in the Middle East, India, the Balkans and North America, as sales channels in these areas are being developed."

I would be inclined to agree with that summary RyeSloan. The recent RNS was not all that we would have liked that is clear and may have raised some doubts but how often is it plain sailing in the formative years of AIM companies and we know the factory has taken a lot longer than had been originally anticipated. If for the moment we ignore Chris Gilbert and look at the other members of the BOD and to mention 3 : ANDREW ALLNER Non-Executive Chairman Andrew is currently the Chairman of The Go-Ahead Group Plc, Non-Executive Chairman for Marshalls Plc and Non-Executive Director at Northgate Plc. Previously; Andrew was Non-Executive Director of Moss Bros, CSR Plc and AZ Electronic Materials SA; and Group Finance Director at RHM Plc, taking a lead role in its flotation on the London Stock Exchange in 2005 and CEO at Enodis Plc. Andrew has also served in senior executive positions with Dalgety Plc, Amersham International Plc and Guinness Plc, and was a Partner at PriceWaterhouseCoopers SIR COLIN TERRY KBE CB DL FRENG Non-Executive Director Sir Colin spent 37 years in the Royal Air Force, where he reached the rank of Air Marshal. He was Director-General of Support Management in 1993, Chief of Staff at RAF Logistics Command in 1995 and Air Officer Commanding-in-Chief at RAF Logistics Command in 1997 before retiring in 1999. Sir Colin is currently the Non-Executive Chairman of Meggitt Plc, a position he has held since 2004. He is qualified as a chartered engineer and fellow of Imperial College. ROY HARRISON OBE Non-Executive Director A former Chief Executive of Tarmac Plc, Roy completed the sale of Tarmac to the Anglo American Mining Group in 2000. He is currently the Chairman of Renew Holdings Plc, following the corporate rescue of the Montpelier Group in 2004 and also acts as a consultant to Arriven, a private partnership, advising and investing in the UK building materials sector. Previously, he was a Senior Independent Director of the BSS Group Plc. I'm inclined to think they would not wish to have their reputations tarnished or worst by being involved with a company that does not have a decent chance of delivering upon it's business plan. That is not taking away anything from Chris Gilbert and the other members of the BOD either.

Worth recalling that directors taking part of their salary in shares at 10p. They know better than most what is really going on !