Share Name Share Symbol Market Type Share ISIN Share Description
Acorn Growth LSE:ACO London Ordinary Share GB00B6QZLQ32 ORD GBP0.02
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -4.30% 11.125p 11.00p 11.25p 11.50p 11.00p 11.50p 6,000.00 10:28:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.1 -0.5 - 3.43

Acorn Growth (ACO) Latest News

More Acorn Growth News
Acorn Growth Takeover Rumours

Acorn Growth (ACO) Share Charts

1 Year Acorn Growth Chart

1 Year Acorn Growth Chart

1 Month Acorn Growth Chart

1 Month Acorn Growth Chart

Intraday Acorn Growth Chart

Intraday Acorn Growth Chart

Acorn Growth (ACO) Discussions and Chat

Acorn Growth Forums and Chat

Date Time Title Posts
07/12/201609:37Acorn Growth: A Potential Oak63.00
27/9/201617:41Acorn Minerals: Mining-Energy Shell367.00

Add a New Thread

Acorn Growth (ACO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07/12/2016 08:16:2611.503,000345.00O
07/12/2016 08:14:5411.503,000345.00O
View all Acorn Growth trades in real-time

Acorn Growth (ACO) Top Chat Posts

DateSubject
07/12/2016
08:20
Acorn Growth Daily Update: Acorn Growth is listed in the Mining sector of the London Stock Exchange with ticker ACO. The last closing price for Acorn Growth was 11.63p.
Acorn Growth has a 4 week average price of 12.23p and a 12 week average price of 13.85p.
The 1 year high share price is 22.88p while the 1 year low share price is currently 7.25p.
There are currently 30,805,783 shares in issue and the average daily traded volume is 22,600 shares. The market capitalisation of Acorn Growth is £3,427,143.36.
01/10/2016
15:37
yogaboy: I share your optimism Hedgehog, I really do, notwithstanding my annoyance at being unable to fathom the reasoning behind the sequence. The 15p placing of the Subscription Shares was a clear indication that the investors (i.e. the new effective owners for the time being, Heartwell, Tahir, Walters and DPFI, holding 53.62%) have a definite purpose in mind. The current directors will resign by close of play on Monday, but of course they will retain their shareholdings and participate in whatever gains are on the way. Decisions will be made by the new BOD, nominated by the investors. The new BOD will disclose the deal and the Offer shares will be subscribed to the full, releasing the share price from its ceiling. Assuming the investors don't participate in the Offer, their combined shareholdings will be diluted to 16.17%. It does make some sense when looked at in those terms, to calm the share price for the Offer shares, if only for the time it takes to put the deal on the table. I think it will happen very quickly - maybe all by close of play Monday.
01/10/2016
14:46
hedgehog 100: YB, It's certainly an unusual way of going about it. But then again, a placing at a 71% premium is also unusual. So hopefully there will be unusually good results! Your theory of a 'share price calming mechanism' isn't implausible: if the company has a good idea already of the funds it wants and the share price for new shares it expects for its strategy, then setting that out now can avoid the sort of discounted fundraising later that can leave some investors disappointed. Things seem to be move ahead quickly though, so everything should become clearer before too long. The placing completes on Monday (3rd. October), and ACO will then have about £3.6M. cash to play with, far more already than most shells. Certainly enough to fund a very nice acquisition, even without a shares for shares exchange. Or maybe it will hang on for one really big one. Time will tell. The directors here could be replaced at any time, and I would think that the company has some impressive people lined up as the new board. These newcomers could give an indication of the roadmap here. But offers are not generally open for longer than a month, and I'm not aware of any that have been open for longer than a few months. And this is a quality opportunity, at an attractive valuation, at a good time of the year for fundraising. So all in all I'm optimistic that the offer will be taken up within the short-term.
30/9/2016
15:37
yogaboy: I'm still trying to unpick the logic and the reasoning behind the sequence of events here. The cart seems to be ahead of the horse for no reason that I can see. The "norm" is to identify a deal, value it, announce it and issue shares to raise the funds (open offer, subscription, rights, whatever). Note the issue price depends on the prevailing share price at the time. In this case, the company invites investment of £10million in the Offer shares with no deal announced. Until a deal is announced, no-one will buy those Offer shares (unless they already know about it). Given that £10million of shares are for sale at 15p, the share price is now effectively capped at 15p. Once a deal is announced, it will be funded (up to £10million) by issuing Offer shares at 15p. Perhaps it is just that - a share price calming mechanism. Whose interest does that serve? There must be a good explanation, but it eludes me.
27/9/2016
17:32
hedgehog 100: "Acorn Growth plc is a newly-established company incorporated under the laws of England and Wales. Acorn Growth plc was admitted to the Standard List of the LSE in October 2012, the Directors of the Company intend to pursue investment opportunities in the mining, minerals & energy sectors, with consideration given to both conventional and alternative energy projects as well as mining & energy infrastructure projects. It is envisaged that the company or project acquired for the acquisition will have an enterprise value up to £50 million. Following completion of the acquisition, the Company’s business model will be to run the acquired company or project, making any necessary operational or structural changes in order to generate value for shareholders over the medium term. The Company initially intends to acquire one company or project only but will review on an ongoing basis whether it is in the interests of the company or project acquired to pursue any add-on acquisitions or projects." HTTP://www.acornminerals.com/ 03/08/2016 14:30 UKREG Acorn Minerals PLC Subscription "The Company is pleased to announce that it has entered into conditional agreements with a group of unconnected investors introduced by Peterhouse Corporate Finance, pursuant to which such investors will subscribe in cash for 16,517,778 new ordinary shares in the capital of the Company (Subscription Shares) at 15p per share (Subscription Price) to raise gross proceeds of GBP2,477,666.70 (Subscriptions). On issue, the Subscription Shares will represent 53.62% of the issued share capital as enlarged by the Subscription Shares. The Subscription Price stands at a 71.43% premium to the closing middle market price of an ordinary share in the capital of the Company on 2 August 2016, being the latest practical date before the date of this announcement. Completion is scheduled to take place on or before 30 September 2016 or such later date as the parties may agree. On completion the existing directors will resign and be replaced by directors nominated by the investors. Completion of the Subscriptions is conditional upon: -- evidence satisfactory to the investors as to the passage of resolutions at a general meeting of the Company to authorise the allotment and issue of the Subscription Shares; -- evidence satisfactory to the investors of a prospectus relating to the issue of the Subscription Shares having been approved by the FCA; and -- aggregate subscription monies being received by of not less than GBP2,477,666.70 (such sum having been deposited prior to exchange of the subscription agreements). Further details will be provided in due course in a shareholder circular and in the prospectus." http://uk.advfn.com/stock-market/london/acorn-min-ACO/share-news/Acorn-Minerals-PLC-Subscription/72127033 "LETTER TO SHAREHOLDERS AND NOTICE OF ANNUAL GENERAL MEETING" "... Date: 1 September 2016 To: holders of Ordinary Shares Dear Shareholder I am pleased to invite you to this year’s annual general meeting (AGM). The AGM will be held at 1.00p.m. on Monday 26 September 2016 at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG. Full details of the resolutions of the meeting and how to attend are set out in the attached Notice of AGM. This year, in addition to the resolutions that have been proposed to approve the accounts and the directors’ remuneration report; re-elect a director retiring by rotation; and reappoint the Company’s auditors and authorise the directors to fix their remuneration, the Company proposes a number of additional resolutions designed to allow the Company to broaden its strategy, as follows: 1. Sector focus and change of name The profile of the proposed target of the Company for its first acquisition has, to date, been a company, business or project in, but not limited to, the mining and minerals sectors. The board now considers it appropriate for the Company to broaden its focus to include targets in energy, infrastructure and real estate in addition to the mining and minerals sectors. Accordingly, pursuant to Resolution 6 as set out in the Notice of AGM, it is proposed that the Company now adopt a wider sector focus, and pursuant to Resolution 7, change its name to a name that more fully and accurately reflects such broader strategy, namely “Acorn Growth plc.” 2. Share authorities As announced by the Company on 3 August 2016, the Company has entered into subscription agreements with a number of investors pursuant to which it is proposed that 16,517,778 ordinary shares of 2p each in the capital of the Company (Ordinary Shares) be issued to such investors at 15p per share (Subscription Agreements). The Subscription Agreements contain a number of conditions, including the passing of the necessary authorities for the issue of the Ordinary Shares to the subscribers. Accordingly, the Company proposes to obtain authority from shareholders for the directors to allot and issue the relevant Ordinary Shares pursuant to the Subscription Agreements. In addition, it is proposed that the directors now be granted greater flexibility to allot and issue Ordinary Shares whether for working capital purposes, as consideration for any acquisition made by the Company, or otherwise. Accordingly, pursuant to Resolutions 5 and 8 as set out in the Notice of AGM, it is proposed that the directors of the Company be given authority to allot and issue a total of £2,000,000 in nominal value of Ordinary Shares, including the Ordinary Shares to be issued pursuant to the Subscription Agreements, and pre-emption be disapplied in respect of the same amount in nominal value of Ordinary Shares, representing, assuming all such shares are issued, and taking into account the 14,288,005 Ordinary Shares in the capital of the Company currently in issue, 87.5% of the issued share capital of the Company. Your Directors are of the opinion that all resolutions which are to be proposed at the AGM are in the best interests of the Company and its shareholders as a whole and therefore unanimously recommend that you vote in favour of the resolutions, as they intend to do in respect of their own holdings in the Company, representing approximately 11.2% of the existing issued share capital. Yours faithfully Anthony Brennan Executive Chairman ..." HTTP://www.acornminerals.com/ Closing share price 27.9.16: 15.75p Market: Main Market Exchange market size 3,000 http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B6QZLQ32GBGBXSSX3.html
27/9/2016
16:56
hedgehog 100: 27/09/2016 17:15 UKREG Acorn Minerals PLC Change of Name "Further to the announcement made yesterday regarding shareholder approval at the Company's annual general meeting of the change of the Company's name, the Company is pleased to announce that its change of name from Acorn Minerals Plc to Acorn Growth plc has been registered at Companies House today, and is now effective." http://uk.advfn.com/stock-market/london/acorn-min-ACO/share-news/Acorn-Minerals-PLC-Change-of-Name/72534123
08/9/2016
15:36
hedgehog 100: Polly, That's a very short-term timeframe now: the AGM is just two weeks on Monday. I think that the AGM and its resolutions are the next thing on the agenda here, and I can't believe that ACO will be suspended in the interim. Further out it's less clear cut, but I still don't have the impression that there will be a suspension here in the short-term, so if there is one, it will probably be very brief. But a RTO suspension is usually a very positive event if the RTO goes through, as it generally adds significant value. A recent example is VLOX, which returned to the market as VLTY at the end of June after a RTO priced at five times the suspension price: which was a real gain, not just down to a share price consolidation. In fact buying in just ahead of a suspension can be a good strategy if you expect a positive outcome, as the share price can be depressed beforehand by investors who don't want to be locked in, and/or are unsure of the outcome, creating a buying opportunity. Only yesterday for example the biggest riser was OPP (Origo Partners), up over 800% on its first day back from suspension. And just the potential of a suspension can create such an opportunity, even if the suspension doesn't actually happen. E.g. in May 2014 ONE was suspended for a RTO, and returned a month later as BOOM at double the price.
03/9/2016
14:51
hedgehog 100: 57 ACO trades yesterday, volume of 836,765 shares traded, and fifth on the top risers board (up 22.73% to 16.875p). ACO's letter and AGM notice has clearly gone done well with investors. "LETTER TO SHAREHOLDERS AND NOTICE OF ANNUAL GENERAL MEETING" "... Date: 1 September 2016 To: holders of Ordinary Shares Dear Shareholder I am pleased to invite you to this year’s annual general meeting (AGM). The AGM will be held at 1.00p.m. on Monday 26 September 2016 at the offices of Fladgate LLP, 16 Great Queen Street, London WC2B 5DG. Full details of the resolutions of the meeting and how to attend are set out in the attached Notice of AGM. This year, in addition to the resolutions that have been proposed to approve the accounts and the directors’ remuneration report; re-elect a director retiring by rotation; and reappoint the Company’s auditors and authorise the directors to fix their remuneration, the Company proposes a number of additional resolutions designed to allow the Company to broaden its strategy, as follows: 1. Sector focus and change of name The profile of the proposed target of the Company for its first acquisition has, to date, been a company, business or project in, but not limited to, the mining and minerals sectors. The board now considers it appropriate for the Company to broaden its focus to include targets in energy, infrastructure and real estate in addition to the mining and minerals sectors. Accordingly, pursuant to Resolution 6 as set out in the Notice of AGM, it is proposed that the Company now adopt a wider sector focus, and pursuant to Resolution 7, change its name to a name that more fully and accurately reflects such broader strategy, namely “Acorn Growth plc.” 2. Share authorities As announced by the Company on 3 August 2016, the Company has entered into subscription agreements with a number of investors pursuant to which it is proposed that 16,517,778 ordinary shares of 2p each in the capital of the Company (Ordinary Shares) be issued to such investors at 15p per share (Subscription Agreements). The Subscription Agreements contain a number of conditions, including the passing of the necessary authorities for the issue of the Ordinary Shares to the subscribers. Accordingly, the Company proposes to obtain authority from shareholders for the directors to allot and issue the relevant Ordinary Shares pursuant to the Subscription Agreements. In addition, it is proposed that the directors now be granted greater flexibility to allot and issue Ordinary Shares whether for working capital purposes, as consideration for any acquisition made by the Company, or otherwise. Accordingly, pursuant to Resolutions 5 and 8 as set out in the Notice of AGM, it is proposed that the directors of the Company be given authority to allot and issue a total of £2,000,000 in nominal value of Ordinary Shares, including the Ordinary Shares to be issued pursuant to the Subscription Agreements, and pre-emption be disapplied in respect of the same amount in nominal value of Ordinary Shares, representing, assuming all such shares are issued, and taking into account the 14,288,005 Ordinary Shares in the capital of the Company currently in issue, 87.5% of the issued share capital of the Company. Your Directors are of the opinion that all resolutions which are to be proposed at the AGM are in the best interests of the Company and its shareholders as a whole and therefore unanimously recommend that you vote in favour of the resolutions, as they intend to do in respect of their own holdings in the Company, representing approximately 11.2% of the existing issued share capital. Yours faithfully Anthony Brennan Executive Chairman ..." HTTP://www.acornminerals.com/ The passing of the AGM resolutions will fulfil the first of the conditions for the subscription, as per the 3rd. August RNS, but remember that there are also two others: "Completion is scheduled to take place on or before 30 September 2016 or such later date as the parties may agree. On completion the existing directors will resign and be replaced by directors nominated by the investors. Completion of the Subscriptions is conditional upon: -- evidence satisfactory to the investors as to the passage of resolutions at a general meeting of the Company to authorise the allotment and issue of the Subscription Shares; -- evidence satisfactory to the investors of a prospectus relating to the issue of the Subscription Shares having been approved by the FCA; and -- aggregate subscription monies being received by of not less than GBP2,477,666.70 (such sum having been deposited prior to exchange of the subscription agreements). Further details will be provided in due course in a shareholder circular and in the prospectus." http://uk.advfn.com/stock-market/london/acorn-min-ACO/share-news/Acorn-Minerals-PLC-Subscription/72127033 The prospectus and circular are still awaited, but should be imminent if the 30th. September target date is to be met.
01/9/2016
17:32
hedgehog 100: 01/09/2016 16:55 UKREG Acorn Minerals PLC Notice of AGM "Copies of the Annual Report and Accounts for the year ended 31 March 2016 and the Notice of Annual General Meeting ("AGM") were posted to shareholders today. The AGM is to be held at 16 Great Queen Street, London WC2B 5DG at 1.00pm on Monday, 26 September 2016. A copy of the Annual Report and Accounts together with the AGM notice will be submitted to the National Storage Mechanism and made available from the Company's website at hxxp://www.acornminerals.com For further information, please contact: Acorn Minerals Plc Registered office number: 01274 962560 Nigel Brent Fitzpatrick, Director hxxp://www.acornminerals.com" http://uk.advfn.com/stock-market/london/acorn-min-ACO/share-news/Acorn-Minerals-PLC-Notice-of-AGM/72339222 I think that the AGM had to be held by 30th. September (i.e. within 6 months of the company's year end). But is this the GM referred to in ACO's 3rd. August RNS, or will that be later? There's no further mention so far of the shareholder circular and prospectus that are awaited, but I haven't yet seen the AGM notice - there's nothing yet on ACO's website.
06/7/2016
17:23
hedgehog 100: The question is, why did the number of ACO trades p.c.m. increase by nearly a hundred-fold from April to June this year? There has been no ACO RNS this year (though its full year results are imminent), and no recent press coverage that I can see. There hasn't even been that much bulletin board posting, and what there has been has been mainly reactive. The logical explanation is that a big deal is brewing behind the scenes, which some people have got wind of: e.g. by using their 'skill & initiative'. The management here have certainly had sufficient time to arrange something, and ACO Chairman Tony Brennan was buying in heavily last year: 21/04/2015 13:53 UK Regulatory (RNS & others) Acorn Minerals PLC Director/PDMR Shareholding "9. Number of shares, debentures or financial instruments relating to shares acquired 250,000" "13. Price per share or value of transaction 14.6 pence per share" http://uk.advfn.com/stock-market/london/acorn-min-ACO/share-news/Acorn-Minerals-PLC-Director-PDMR-Shareholding/66503677 23/11/2015 11:50 UKREG Acorn Minerals PLC Director/PDMR Shareholding "9. Number of shares, debentures or financial instruments relating to shares acquired 450,000" "13. Price per share or value of transaction 150,000 at 9 pence per share and 300,000 at 9.5 pence per share" http://uk.advfn.com/stock-market/london/acorn-min-ACO/share-news/Acorn-Minerals-PLC-Director-PDMR-Shareholding/69430044
08/6/2016
22:43
phil1969: Hedge, you are right to point out its not as straight forward as Ssinachi makes it look to 25 bag. But most RTOs do result in the original shareholders of the shell being rewarded for their investment and patience. Directors are normally large holders and in the case of ACO haven't been paid over the last 4 years while they search for a suitable acquisition or RTO Normally a fundraising is also required which is the whole point in the new coming wanting to reverse into the shell but if it is a main listed company (ACO is main listed), less destructive financing options are available than AIM stocks leaving existing shareholders with a bigger slice. The company was set up with investors money at 20p they will expect a return on that investment. A good example is SEN, the last RNS states existing shareholders will get approx 15% of enlarged group. At closing mcap (£1.15m),this means the new company must be worth £7m just for existing shareholders to break even. But the business they are looking to reverse in could easily command a £30-£50m valuation. Giving a 5-7 bagger for those in just before suspension. ACO is of a similarly tiny mcap, main listed, directors and early investors still in, director buying in November. ACO share of the enlarged company may be a fraction of the total group but 8 times out of 10, the Mcap and share price of new company means original shareholders will see a good return, normally many bags. ACO has been as high as 35p on speculation of acquisition alone so plenty of upside. Shells setup to take advantage of low oil prices in the hope of bagging a distressed producer/explorer have also had better offers from the tech and biotech sectors. One to watch, suspension normally comes with any announcement made so it is normally a speculative buy and hold because you're locked out until the deal has gone through. The sudden increase in volume and share price has me thinking we won't need to be holding too long before a deal is announced as has been the case with the last few shells to announce their intentions.
Acorn Growth share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20161208 04:08:54