||EPS - Basic
||Market Cap (m)
Real-Time news about Base Grp. (London Stock Exchange): 0 recent articles
|timely: The big question will be on what terms. Often they end up being at a discount to the current share price. Any word on the deal?|
|dbno: At least the thread is a bit livelier, even if the share price isn't.|
|audereestfacere: Not much left on the share price either, 15.4% down today.|
|to350: his short piece flc, not share price.|
|flc: I better check with my broker that those 4m were not mine. Perhaps he's being kind by putting me out of my misery. I knew there had to be something wrong when he laughed everytime I bought some more. The last time I bought he said he would need a magnifying glass to see the share price.|
|dbno: The share price might be bad, but the banter's good.|
|very quick: If a company reversing into Bs. has a market value of 50 million, do you really think that we are going to get 0.150p per BS. share, I think not! more like 3p+|
|dbno: Thanks aud. Any idea what those figures would do to the share price?
Edit.....assuming a suitable rto can be found, of course.|
|dbno: As I see it the current share price reflects cash in the bank, providing the directors haven't blown too much of it on booze and loose women. To guesstimate the potential of the share price we need to know what value, if any, can be apportioned to the stock market listing and the accumulated tax losses.
Does anyone on the bb have any experience of similar situations which may give us a guide?|
|westernedge: Article from FT. so.im just trawlin thru some shells..
Shell companies, which are formed to seek acquisitions and usually join the stock market with a cash pile but no actual business, will have to do a deal within a year or face the threat of being delisted, under plans to be unveiled by the London stock exchange next week.
The proposals to be published by Aim, the junior market of the LSE, will mean cash shell companies would have to raise at least £3m at the time of their flotations and provide a much more detailed business plan than is currently required.
Approximately 1,300 companies are listed on Aim and it is not clear how many of them are dormant cash shell companies - brought to the market with a view to making an acquisition but never actually completing one. In the past, some companies have sold shares to investors on the promise of little more than vague plans to seek out "business opportunities" in certain areas. Some raise just a few thousand pounds on their admission to the market.
The prospect of possible deals can boost the share prices of cash shells.
For instance, Knutsford's share price rose more than 2,500% at the height of the dotcom boom on the hope that Archie Norman, Julian Richer, Nigel Wray and Nicholas Leslau would use it as a vehicle to launch a bid for a troubled retailer.
Knutsford never found a retail acquisition and the company is now WILink, a financial website.
Other shells, though, do target acquisitions. A recent example is Melrose, which bid for industrial group Novar only to lose its prey to the American company Honeywell.
Under the proposals, which are due to be issued for consultation next week, a shell company which does not find a deal within 12 months will be suspended but given six months grace before being officially banished from the market.
It is thought that the proposals would be retrospective and be applied to shell companies which are already listed on Aim and yet to do a deal, which might prompt a flurry of activity in the sector.
A spokesman for Aim would not be specific about the up-coming rule changes. But he said: "We believe cash shells are a useful part of Aim. However, we believe that some changes to the Aim rules need to be made to increase the disclosure to investors".|
Base Group share price data is direct from the London Stock Exchange