Share Name Share Symbol Market Type Share ISIN Share Description
Acorn Min. 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
  +0.00p +0.00% 16.50p 16.00p 17.00p 16.50p 16.50p 16.50p 174,488 07:39:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.1 -0.5 - 2.36

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Date Time Title Posts
23/9/201616:29Acorn Minerals: Mining-Energy Shell362

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Acorn Min. (ACO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
26/09/2016 17:16:1416.5075,00012,375.00O
26/09/2016 14:49:0216.8519,0973,217.84O
26/09/2016 14:37:4516.8514,1282,380.57O
26/09/2016 14:32:2616.856,6961,128.28O
26/09/2016 12:23:5416.8811,7191,977.58O
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Acorn Min. Daily Update: Acorn Min. is listed in the Mining sector of the London Stock Exchange with ticker ACO. The last closing price for Acorn Min. was 16.50p.
Acorn Min. has a 4 week average price of 16.91p and a 12 week average price of 13.03p.
The 1 year high share price is 22.88p while the 1 year low share price is currently 7.25p.
There are currently 14,288,005 shares in issue and the average daily traded volume is 98,631 shares. The market capitalisation of Acorn Min. is £2,357,520.83.
hedgehog 100: 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://" 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: 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.
yogaboy: Polly, I'm not entirely convinced this is an truly an RTO.The cash shell ACO has conditionally agreed to raise £2.5m for an acquisition, which it has spent some considerable time seeking. It is reasonable to assume that that £2.5m will be the current value of what is being acquired. Independent investors are putting in capital at 15p per share, so there is currently a 4-5p expectation value in the share price, on the grounds that the deal might turn out to be worth more once they get their hands on it. That's an investment, not an RTO.Further share capital is also being authorised for future acquisitions or for additional working capital. Given the admirably cautious approach by the company to date, that might just be the end of the story for now and the share price might still be around the 18-20p mark in a year's time. Or two, or three...No director has sold "yet". That might just be because the deal hasn't yet been completed.You're right to note that other, more attractive possibilities might also be the case, but it would be unwise to assume anything is certain from here.
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:// 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." The prospectus and circular are still awaited, but should be imminent if the 30th. September target date is to be met.
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:// For further information, please contact: Acorn Minerals Plc Registered office number: 01274 962560 Nigel Brent Fitzpatrick, Director hxxp://" 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.
polly65: Hedgehog, I do hope it does withstand the tropical rainstorm of the coming weeks. Im a big fan of Grove, and for that matter some of his ideas. Unfortunately for me Im not one of the founding figures of ACO so I can't rely too much on the creative confrontation notion. I happen to flirt with behavioural finance and borrowing from its founder DeBondt, I do believe that markets either overreact or under react as opposed to the price of the stock just adjusting to the companies newly discovered intrinsic value. As Yogaboy pointed out, the share price moved three times on one trade. That may be related to unseen trades or perhaps the animal spirits are taking over! We all know a whiff of negativity has a compounded effect. You may be on to something regarding the due diligence. That'd explain June trading. Fingers crossed we have a major announcement on or before the 30th of September. But I'd hate to see the price collapse to the 8's without having done up my Kitchen first!
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" 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"
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.
hedgehog 100: Note that Chairman Tony Brennan bought the 450,000 shares sold last week: 23/11/2015 11:50 UKREG Acorn Minerals PLC Director/PDMR Shareholding "13. Price per share or value of transaction 150,000 at 9 pence per share and 300,000 at 9.5 pence per share" 25/11/2015 11:03 UKREG Acorn Minerals PLC Half Yearly Report "Half yearly report for the six months ended 30 September 2015 Chairman's Report As at 30 September 2015 It is with pleasure that I present the interim report to shareholders for the period ending 30(th) September 2015. In the past 12 months your board has continued to identify and assess suitable opportunities in the mining, minerals & energy sectors, including both conventional and alternative energy projects as well as mining and energy infrastructure projects that are consistent with our investment strategy. To date we have reviewed well over 30 projects that have met these criteria and we are currently carrying out preliminary due diligence reviews on several of them. Whilst we are keen to find a transaction we remain disciplined to only proceed if we are convinced it will be in the best interests of shareholders. At the period end we have approximately LIR1.184m cash, no debt and continue to keep administration costs to a minimum so that maximum funds can be dedicated to the review of and potentially investments in suitable projects. We will continue to review projects where we believe value can be created for Acorn shareholders which requires considerable work by your board and on your behalf I thank my fellow directors Charles Goodfellow and Brent Fitzpatrick for their effort and commitment to this cause and I also thank you for your ongoing support. Tony Brennan Executive Chairman 25 November 2015"
moreforus: Acorn Minerals PLC Director/PDMR Shareholding Date : 21/04/2015 @ 13:53 Source : UK Regulatory (RNS & others) Stock : Acorn Min. (ACO) Quote : 19.0 2.0 (11.76%) @ 13:06 HOME » LSE » LSE » Acorn Min. share price Acorn Minerals PLC Director/PDMR Shareholding Print Alert TIDMACO RNS Number : 8803K Acorn Minerals PLC 21 April 2015 21 April 2015 Acorn Minerals Plc NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS Acorn Minerals Plc announces the following transactions of directors and/or persons discharging managerial responsibility: 1. Name of the issuer Acorn Minerals plc (the "Company") 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.4R(1)(a) Transaction notified under DTR 3.1.4R(1)(a) 3. Name of person discharging managerial responsibilities/director Anthony Brennan - a person discharging managerial responsibilities of the Company 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person N/A 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest Anthony Brennan 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares Ordinary Shares of GBP0.02 each of the Company 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them Brennan Superannuation (WA) Pty Ltd 8. State the nature of the transaction Acquisition of shares 9. Number of shares, debentures or financial instruments relating to shares acquired 250,000 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 1.75% 11. Number of shares, debentures or financial instruments relating to shares disposed N/A 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A 13. Price per share or value of transaction
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