Acorn Growth Share Discussion Threads

[polly65] 23/9/2016 16:17

Hedgehog,

Doesn't it seem strange that today was relatively quiet considering that its the last trading day before the AGM?

[hedgehog 100] 23/9/2016 16:08

For the positive impact that a new website can have for this sort of company, check out this RNS and chart from FFWD:

FastForward Innovations Limited New Website
29/12/2015 7:01am
UK Regulatory (RNS & others)
"The Company announces that its new website has been launched at www.fstfwd.co"


Which was also helped by a change of name:

"The Directors of Kuala Innovations Limited (the "Company" or "Kuala") are pleased to announce that, further to the announcement of 29 October 2015, the Company has today posted a Circular to Shareholders seeking approval for the change of the Company's name to FastForward Innovations Limited.

The General Meeting to seek Shareholder approval for the name change will be held at the offices of Elysium Fund Management Limited, 1st Floor, Royal Chambers, St Julian's Avenue, St Peter Port, Guernsey, GY1 3JX at 11.00am on 23 November 2015 (the "GM").

Should the name change be approved by Shareholders, the TIDM will become 'FFWD' and the website, www.fstfwd.net."

[hedgehog 100] 22/9/2016 18:48

Tomorrow is the last full trading day before the AGM, and from the AGM onwards I expect the path for ACO - or Acorn Growth as it will then be - to be much clearer.

ACO's website is currently down, so I would imagine that it's being updated ahead of developments on Monday:

"509
Bandwidth Limit Exceeded
The server is temporarily unable to service your request due to bandwidth limit has been reached for this site. Please try again later."


ACO's chart looks to be developing a nice stepped rise formation, and the next step up (from 16.625p) could be imminent.

[yogaboy] 20/9/2016 20:21

Agreed Hedgehog!

[hedgehog 100] 20/9/2016 18:13

YB,

Michael Walters is a real connoisseur of shells.
Indeed I believe that his book "How to Make a Killing from Penny Shares" has an entire chapter on the subject.

And out of literally dozens of other shells he could potentially have tipped as a buy last week, but he has chosen ACO.

For someone of his experience and nous to single out ACO in particular is a real testament to the potential here.

It's also telling that he categorises ACO as low-risk:

"Small Acorns
14/9/2016
A low-risk gamble."

[yogaboy] 19/9/2016 15:24

The Michael Walters comment is very welcome, I just hope it doesn't overheat the share price and create volatility. There's no new information in it, of course, as we already knew the monies had been deposited from the wording of the RNS: "such sum having been deposited prior to exchange of the subscription agreements".Good to see the price settling down at its new level - if only to remove the temptation to trade!

[hedgehog 100] 17/9/2016 16:54

Two more examples of the effect a name change can have on a share price.

1. On 8th. February this year, when it was about 2p, MMO announced that it was changing its name and sector.
Within a matter of weeks it had risen to over 6p intra-day.

08/02/2016 17:50 UK Regulatory (RNS & others) Mercom Oil Sands Plc Notice of AGM

"The Board of Mercom confirms that it has today posted a circular to shareholders convening an annual general meeting to be held at 85 Richmond St W, Toronto, ON M5H 2C9, Canada at 10:00 a.m. (EST) on 3 March 2016.

The meeting will consider resolutions to approve, amongst other things, amendments to the Company's investing policy and a change of the Company's name to Mercom Capital Plc.

The circular will shortly be available to download from the Company's website, hxxp://www.mercomoil.com/."



2. More recently EVO has changed its name to Gunsynd, with no change of sector, and within a month its share price rose over 50%.

03/08/2016 14:51 UK Regulatory (RNS & others) Evocutis PLC Change of Name

Evocutis (AIM: EVO, ISDX: EVO) announces that today the name of the Company has been changed to Gunsynd plc.

As of 7am on 4 August 2016, the Company will adopt the ticker GUN.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

The directors of Evocutis Plc accept responsibility for this announcement.

[hedgehog 100] 17/9/2016 16:09

ACO finished up on the week (from 17.125p to 17.25p), so looks to be consolidating at this new higher level.

This should act as a new base for further gains.

And if there is any concerted break up above 20p, then the 30p level beckons.

[polly65] 16/9/2016 23:31

Whats the outlook for next week? Last week before presumably the most important AGM the company has had.

[hedgehog 100] 15/9/2016 17:11

Despite being listed for nearly four years I don't believe that ACO has been tipped like this before.

It's had such a low profile for so long ... it took the company nearly two years to get an ADVFN thread!!

But it looks like that is about to change ...

[hedgehog 100] 15/9/2016 17:00

Thanks DR for that very helpful information.

The Michael Walters tip will certainly expand the audience for this stock considerably, as he has a large following.

And good to hear that the subscription funds have been deposited with the company, and that we should see a circular and prospectus after the annual meeting which lays out a strategy and roadmap for the new business.

It sounds like it's full steam ahead after the AGM ... with now just six clear trading days left beforehand.

[polly65] 15/9/2016 16:42

I hardly think its a punt. I think you've done well given that next week is the final week of trading before the AGM. I have followed this company for some time and it has maintained value following any announcement since 03/08. There has been several announcements since then. Just last week the offer was 23.5p.

[drradcliffe] 15/9/2016 16:26

I guess there was a wide spread earlier. I bought 14606 shares for 16.99p at 10:07. It seemed a good price given that Ask was 18p at the time. The bid has moved up since then. It's a small illiquid share and it's often hard to see what's going on with this kind of thing. Maybe someone sold a block earlier and one of the market makers wanted to shift what they had on the books? My view is that this is a punt at the moment, but with a decent % of cash to support the share price I think it's worth buying a small quantity with a view to substantial growth in future. Peterhouse wouldn't want a main market shell company unless they had a properly thought through plan to substantially increase it's value over time.

[polly65] 15/9/2016 16:01

DrRadcliffe,

Thank you very much for that. I did go on the site but it seems like the posts by Michael Walters are not that frequent. Having said that, it would be nice to find a board thats moderated with value adding posts.

I have to say its been mysterious that all these buys are recorded as sells, yet the price is being driven up. Could it be possible that MMs are predicting a surge in demand?

[drradcliffe] 15/9/2016 15:48

Hi polly65. I subscribe to MW so have read it, as you say it's a buy recommendation... You should join it's cheap and has a good bulletin board area. MW actively moderates what is posted which is an added positive. The gist of the Acorn piece is: Acorn Minerals is well in to the process of being transformed into an active business, its new name will be Acorn Growth, the new board will come from Peterhouse Corporate Finance who are the majority shareholders now. The subscription funds have been deposited with the company, and we should see a circular and prospectus after the annual meeting which lays out a strategy and roadmap for the new business.

[polly65] 15/9/2016 13:29

DrRadcliffe,

Any idea what the content was other than a recommendation to buy?

[drradcliffe] 15/9/2016 13:20

Tipped by Michael Walters on his site the other day. That might have been a factor.

[polly65] 15/9/2016 11:23

Any idea why the sudden volume has come about?

[hedgehog 100] 12/9/2016 18:09

Polly - traders do try to buy in just ahead of anticipated news, and the rise associated with it.

The prospectus and circular are still awaited, but should be imminent ... but after the AGM on 26th. September, of beforehand? - It could be either: the 3rd. August RNS isn't explicit.

"Further details will be provided in due course in a shareholder circular and in the prospectus."

[polly65] 12/9/2016 14:20

Hedgehog,

Seems to me like its some crafty individuals trying to hurt the price.

Regarding prospectuses and AGM's, is it typical of a main market shell for there to be an influx of traders in the last minute before such a prospectus?

[hedgehog 100] 09/9/2016 21:35

Thanks Polly, that's very helpful.

When you speak to directors, how they don't say things can be revealing ... you can sometimes read between the lines.

It was Charles Goodfellow who delivered tech security company GOS Systems to Touchstone Gold (of which he is also a director): GOS had been intending to IPO at £30M., but rang up millions of debt due to its IPO being aborted due to market conditions.
Touchstone then bought it from the administrators for next to nothing, since when its progress has exceeded expectations.

Touchstone has temporarily delisted to restructure into Intelicrypt Tactical Solutions, and should return to market next year at a much higher level.

P.S. Interesting about those ACO PMs ... I haven't received any for some reason!

Though on 20th June (when ACO was about 10p) Purple11 warned us here that we were going to be shafted ... not long before the sub at a 71% premium was announced:

purple1120 Jun '16 - 14:51 - 217 of 341 0 0
"don't forget to wipe your bum on the way out."

[polly65] 09/9/2016 21:05

This to me seems like one of the most appropriate examples so far. I agree this is pretty much agreed and signed bar the shareholders.

Having been the recipient to a few private messages spouting negativity towards this share, I was in touch with one Charles Goodfellow. I asked about the current position but he professionally responded with a tight lipped answer mentioning that as a director of ACO his hands are tied and cannot respond.

Im convinced that everything is on the right track.

[hedgehog 100] 09/9/2016 20:09

In view of ACO's potential move into property, I posted in post 309 above about 65-bagger ROE-MAR: from the RTO of Roeford Properties (ROE) by housebuilder Mar City (MAR) in late 2010.

But an even bigger property sector shell success was MCAP-QPP.

QPP (Quindell Portfolio) was a RTO into the shell company Mission Capital (MCAP) (a former property investment company), which more than 6-bagged because of the RTO:




And QPP itself then more than thirteen-bagged (allowing for a fifteen into one consolidation), to a market cap. of over two billion pounds, and eyeing the FTSE 100:





In aggregate, MCAP-QPP was an eighty eight bagger, making it another fine example of shell-RTO 'multibagging a multibagger'.

A very fat return: or rather, a 'two fat ladies' return!

[hedgehog 100] 09/9/2016 19:11

YB,

Placings are usually structured so that a prospectus is not required, which supports the view that there is something more than just a placing going on here.

I also note that according to the FCA website, their approval time for prospectuses is pretty rapid: it should be just five clear working days in this case.

So maybe the prospectus has already been approved.


"Submit a prospectus or circular

First published: 03/05/2016 Last updated: 05/08/2016

How to submit investor documentation to us for approval before publication.

Under the Prospectus Rules and the Listing Rules, issuers are required to submit certain types of investor documentation (principally draft prospectuses, listing particulars and shareholder circulars) to us for approval before publication.

Our review and approval process aims to ensure that the document includes all the information our rules require, before it is published.

... Turnaround times

We will seek to respond to a submission with comments on the draft within the timeframes below.

... First submission 5 clear working days. Prospectuses – further issues of equity shares by a listed issuer... "

[yogaboy] 09/9/2016 16:56

In practical terms you're right Hedge, but the whole point of a conditional agreement is that it's not an agreement until the conditions are met. You have used the expression "if the conditions are met" twice in your reply. If the conditions are not met, there is no subscription.

Ahhh.... but wait a minute....

I've been wondering when the Prospectus is going to see the light of day, wondering whether it even existed yet.

The wording of the second condition implies that it does indeed exist, and it is currently with the FCO for approval. So yes, you're right I think:

Condition 1 is at the mercy of the current shareholders not the new subscribers
Condition 2 is the Prospectus simply awaiting FCO approval before publication to shareholders
Condition 3 has already been satisfied because the monies have been deposited prior to exchange

Bring it on :)