Ipsa Share Discussion Threads

[petersmith6] 15/1/2013 19:35

dont forget the time zone issues

[linslader] 15/1/2013 18:01

Well that's a further 8% increase today.

[headsup1] 15/1/2013 12:46

Donald another 3hours 45mins and there will have to be. Or worst case senario the deals off.

[donald tramp] 15/1/2013 12:38

I'm not in but I bet a £ to a $ there's an extension rns.

[nash81] 15/1/2013 10:03

posted in iii

if the buyer cancels we would have known it by now. and yet, they extended from the end of dec for another 15 days (today).

so, I am guessing, even if IPSA does complete the transaction with them and receive the money from the buyer (in the form of bank Letter Credit?) perhaps IPSA may want to wait a couple of days for the money to be cleared in IPSA bank account. and only then issue the RNS.

the buyer, is a large corporation listed in malaysia, and checking the report, it has huge cash pile, so money is not an issue with them. maybe the delay was due to logistics or arranging transportation of turbine from SA to malaysia?

and saying that, should they cancel, the buyer will loss 3m deposit they paid and wasted large money they spent in doing due diligence on this turbine, so this will be very bad news for them and will definitely impact the buyer share price, which I am sure they want to avoid.

either way, even without this sale, checking IPSA account, our assets (plant/equipment+turbines) worth much more and after deducting debt, it will be worth around 14p.

so, patient here is the key. RNS will come anytime this week i believe.

p/s: large huge BUY trade after close yesterday does tell us something.

[petersmith6] 14/1/2013 19:20

looks like were in for a good week

[robby d] 14/1/2013 18:45

Cheers nash! Not punt money!!Looking good for tomorrow then.

[petersmith6] 14/1/2013 18:31

indeeed it dose.

[nash81] 14/1/2013 18:27

yes

huge trade at 4.44pm today at 4.9p for 850k

its a buy no doubt!! (bid spread at this time 4.25-4.75p)

bode well for tomorrow :)



Robby D 14 Jan'13 - 17:54 - 445 of 448 0 0

Was that £42K trade a buy nash?

[petersmith6] 14/1/2013 18:00

looks like i need a new broker..

[petersmith6] 14/1/2013 17:55

i placed an order with my broker for 20k for reasons unknown it took four hours for them to fill it.

[robby d] 14/1/2013 17:54

Was that £42K trade a buy nash?

[nash81] 14/1/2013 15:52

i also believe, even if we complete the deal tomorrow, we probably will get RNS the following day confirming that

[nash81] 14/1/2013 15:49

interesting, if you dont mind me asking, how large is your order?


petersmith6 14 Jan'13 - 15:33 - 442 of 442 0 0

finaly had the notification my order has been filled. from what i ordered it would apear to have been broken up and shows up as a combination of buys and sells..and 4 hours to compleat.

[petersmith6] 14/1/2013 15:33

finaly had the notification my order has been filled. from what i ordered it would apear to have been broken up and shows up as a combination of buys and sells..and 4 hours to compleat.

[nash81] 14/1/2013 15:22

not many people aware about IPSA - once we rerate - than many will be piling in...

especially when half of the shares with the 2 largest shareholders !!

[nash81] 14/1/2013 15:20

seems that bid is high (ie you pay much more if you buy than usual). so it seems that they trying to discourage buying while people can easily sell..

definitely filling order

[nash81] 14/1/2013 15:12

i can sell 4.85 easily- but dont see any buyers, so maybe filing order?

[petersmith6] 14/1/2013 14:57

We're waiting...we're waiting....

[sir leonardo] 14/1/2013 14:53

well well well!!!!!!!!!!!!!

WAIT FOR IT FFS!!!!!!!!!!!!!!!!!!!!!

[donald tramp] 14/1/2013 13:23

So no extension required but no deal done one day before due date.

I think I can guess the next rns.

[nash81] 14/1/2013 13:08

guys, reading back, that RNS is actually indeed very good as it confirms:

so far no further extension has been requested beyond 15th!!

thats mean, both sides positive to finalise it per 15th plus mine a day or two... so definitely this week!!


side note:
expensive due diligence work was done by IRIS last year to determine suitability of turbine (around 1million i would say) and then they paid 3m plus non refundable deposit.

so, definitely a strong buyer and i should have top up when it dropped earlier!!

[nash81] 14/1/2013 13:04

who is IRIS?

very large player in malaysia

[petersmith6] 14/1/2013 12:55

And if Iris's creditors screw up then the name will be mud in the industry.

[petersmith6] 14/1/2013 12:53

Looks like some investors didn't read the RNS properly .