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Fitbug Share Discussion Threads
Showing 9301 to 9322 of 9325 messages
|...forgot to mention, davidlloyduk is involved!|
|Ramesh, Phil Elliot and NY boy...Have a look at this future panel discussion in May...Leisure DBJan 18Leisure DB [email protected]_UK.@davidmintonTLDC will be chair of the panel at @elevatearena with @annagud @DavidLloydUK @FitbugActive @BrianSchuring @SoHeartcore Embedded imagePut the reverse takeover views by some here to bed?!Imo, dyor|
|Evening all,Day trader noise once again...I doubt they are actual bank traders mostly armchair traders. Pathetic lifestyle really, hope their family aren't reading their posts!Anyways...Sally gunnell? @SallyGunnellTune into @GMB tomorrow morning to hear me chat about kids & healthy living. #premiersport #healthyliving #healthykids #goodmorningbritain Any mention of fitbug would add to the positivity. This will stabilise, won't be surprised to see levels pre rns...but the pipeline of contracts I believe will flourish...#buybuttonreadyImo|
19 Jan '17 - 14:16 - 8743 of 8890 0 0
Just bought to hold for a few yrs, not bothered about whether this is a cheap or expensive entry point as of now, it's where the share price will be in a few yrs.
Sure sure ... I bet you are slashing your wrists right about now !!|
19 Jan '17 - 14:03 - 8728 of 8889 0 1
Bought in the mid 0.50's
More than 50% loss in 2 trading days ... impressive !!|
|I reckon another placing at 0.25 ....the vol has been huge and the company would be mad not to grab another 400K say at this time.|
|Also hard to think of many AIM companies that have such large shareholders that may consider a RTO|
|Supercity - The RTO price in this case would be determined by the companies controlling shareholders NW1 who own 50% (in this case NW1 & Kifin (a vehicle for Kirsch group)). Jonathan Fisher (CEO of Holmes Place International) is one of NW1s 2 shareholders. Kirsch group who own 50% of HPI would also have input if HPI were the target. You have to look at their average investment points: NW1/Kifin converted £8.6m worth of loans to the company at 2.5p/share, and also funded a further £2.4m at 0.25p - I took roughly the average if you factor in interest etc..
The current FITB CEO has all her options at 2.5p.
An RTO is really possible at any price - it's up to the current company/shareholders and the incoming party to agree something that works and creates them value whilst typically raising some new money at the same time.
The below RNS highlights how the controlling party/kifin are all linked.
The Concert Party comprises NW1, Kifin, Prime Interaction, Allan Fisher, David Turner and members of their immediate families. Allan Fisher and David Turner are both founders and were (until 28 June 2016) directors of the Company. They have other business dealings and experience in health clubs with Mr Fisher being one of the founders of Holmes Place International ("HPI") and Mr Turner being a co-founder of LA Fitness. Mr Fisher continues to be a director shareholder in HPI and Mr Turner is also a director of HPI, representing the interest of the independent shareholders.
NW1 is an investment vehicle with the adult children of Mr Turner and Mr Fisher being the two shareholders of that vehicle. In addition to its equity investment in the Company, in recent years NW1 has provided investment into the Company by way of loan notes to the sum of GBP8,239,000.
Kifin is a Kirsh Group subsidiary. In 2007, HPI had the opportunity to acquire other elements of the old Holmes Place Europe business and Kirsh Group provided the funding for that acquisition and became a 30 per cent. shareholder in HPI. The Kirsh Group subsequently made a further investment into HPI taking its stake to 49.9 per cent.
Over recent years, Kifin has provided investment into the Company by way of loan notes to the sum of GBP1,000,000.
Prime Interaction is an investment holding company whose directors are Barry Stiefel (who is also the manager of the Kirsh family office) and Robin Fisher. Mr Fisher has, in addition, a distant family connection with Mr Kirsh.|
|This company is more or less bust.|
|On what basis are these RTO valuations being based???2.5p would value the company at nearly £30m with 1.2b shares in issueI haven't looked too much in to the accounts other than they have low funds and are loss making - unless they have historical losses of significantly more than £30m what on earth makes it an attractive RTO targetNot having a pop would just like to see the figures or justification as it looks like a massive pump and dump where those stuck with the shares are trying to convince everyone else they are a long term investment and happy to sit on the shares - even though they are obviously well miffed they have a large paper loss and could have bought significantly lower virtually any day in the past twelve months and probably the future|
|Suspect another RNS,Buys piling in again|
|NY Boy - agree re:T traders, its been a painful exercise for most - some may have escaped unscathed. regarding the RTO theory, I suspect we may get an RNS in the future (no idea when) that as a result of funding discussions etc.. etc.. the best course of action is to diversify business and/or dispose of FITB ltd. That would leave NW1 free to reverse into the shell and if it happened would in my view be simultaneous and perhaps result in another suspension.
Not sure what price NW1 could float HPI at (if that does indeed occur). the bulk of their funding is at 2.5p (plus lost interest), but if you factor in the recent injection, you're probably looking at a NW1 B/E in the region of 1.25-1.5p/share (assuming they do not fund the listed entity further with more equity).
Break-even obviously would unlikely be the goal so upwards of there if RTO is pulled off.
In the meantime, I'm happy to watch but have some funds ready to get more if it gets too silly.|
|Morning all, not long before the last of the t traders have left the scene.
RTO would be interesting for the patient long term buyers at these levels, I think someone mentioned 2.5p?|
|Recent high flyer React Energy was provided with Nominated Adviser Services in a Reverse Takeover of an AIM quoted company by our newly appointed NOMAD,SPARK Advisory.
|Afternoon Phil and ravinGreat points raised!The positivity continues for sure...#buybutton ready again|
|Small shareholders may not have been banging on the door but we were moaning every day on the LSE thread and at least one poster sent a complaint on lack of news to investor relations.. one of the tasks for the new advisor is to monitor the BBs but we did not expect a RNS the following day!|
|Ramesh, Phil Elliot and NY boy...Forgot to mention the big elephant in the room...more funding...they are surely not going to go to market for funding as the previous funding via crowdfunding didn't happen I assume, which is why NW1 picked the shares as a underwriter.Are NW1 going to pump more money for their current c.40 percent stakes' worth?!Imo, dyor|
|I agree ravin146 for this has been my continuing premise.
It has been a precarious strategy trying to benefit from the sporadic vicious short term share price fluctuation;yet FITB shares were freely available at 0.155 just hours before the spike and at that level,imo,constituted an attractive entry price,particularly as the MM's simultaneously were unusually bidding 0.151 in 5 million.
As regards the future,I too am convinced that further significant involvement by NW1(and/or others in the concert party) lies ahead.Should this prove to be the case then any reflection in the share price looks likely to make last weeks excitement look rather humdrum.
I will need to reinvest though to take advantage,for I sold my holding into the spike.|
|So another job being offered as project manager, along the other CTO job...not a sign that the company is holding fire nor is it in trouble in any way!Btw ramesh Phil Elliot and NY boy I too have filtered the other 'noise'....a reminder of the most important rns last year:https://www.google.co.uk/amp/www.standard.co.uk/business/fitbug-thrown-lifeline-by-departing-founders-a3283956.html%3Famp?client=safariNW1 investment backers, with 40% stake in fitbug...why did the backers, leave the fitb board but then gave a massive funding package alongside the loan conversion?!Something fells fishy indeed...you can't tell me NW1 investment directors walked off and wiped off their investment return potential here...they pumped in more money!Dyor, imo, ignore the noise|
|I believe the BOD to be purely titular in their capacity.
There was indeed PI pressure and the RNS was a response.
What else did it achieve ?|
|With nearly 50% of the shares held by NW1 and co. The remainder smaller shareholders and PI's were hardly banging the BoD door down demanding an RNS!!The Asia deal RNS was not issued as a reaction to shareholder pressure. NW1 is the shareholder to keep happy as they hold over 40% and keep lending FITB money. The BoD have better ways of keeping their largest shareholder and creditor informed than an RNS about a fulfilled order.|
|Why did Fitbug feel the need to RNS the Asian contract at all,for its positive financial impact will seemingly be only minimal at best.
My view is that the RNS was a panic reaction to building shareholder pressure on the weak BOD to justify their existence.|