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Messaging International Share Discussion Threads
Showing 1276 to 1298 of 1300 messages
|Perhaps I should have sold the lot and bought back today. Very odd...|
|SRC is up and running. Now I seem to be down, sigh...|
|No more ramping then Roy lol|
|Think I'll hang on tbh. Can't sell online anyway!|
|Sold three quarters. Nice profit plus free shares, I had to do it in batches though.|
|0.24 is the implied price, so we're actually up?|
|Hargreaves and Lansdown have not caught up yet, they have still got me down for the same amount of shares that I had yesterday and I can not trade. There has been a trade on Google for 0.22p.|
|The mid price should be 0.1625 to be on a par with yesterday's close.|
|RNS released. Everything as promised. Name change on Wednesday to SigmaRoc (SRC).|
|According to the circular there should be a meeting tomorrow and the new shares should be trading soon after. Too many shoulds for my liking. :)|
|Gone a bit quiet here, price has dropped back a touch, any news?|
|Spitfire are having second thoughts on Zambia, I hope we are not interested because it will need a lot of money.
|Spitfire up 40% today. Still not sure whether we are going to be involved with Spitfire in some way or whether we are just taking advantage of their failure to get enough cash backing for an Aim listing. The Zambia project will need a lot of cash to get it into production.|
|Yes I doubt the whole of spitfire, perhaps one or some of their investments, they need to have some deals lined up pretty quick after the RTO, you would have thought?|
|Was this for the investment in Sigmaroc?
|Well - If they want to emulate Breedon which is a billion dollar company you could have the excitement of a recent company the was acquisitive -
Building a much larger company -
As for spitfire I have no ideas - I did sell when the share price was at 0.60p and 0.55p and was surprised when market makers took the stock considering the placing -|
|If this is just a back door way for Spitfire to get an Aim listing then it does not inspire confidence and I will take profit at the earliest opportunity, if possible.|
|Spitfire have a market capital of £2m and cash of £2m but are losing over £400k a year. There is a move away from their Australian manganese investment with a move into a limestone project in Zambia a year ago. This could be why there was a cash loss. The reason for the Aim listing is probably in order to raise money for future expansion.
Whether this is a buy will depend on the RTO details if Sigmaroc and Spitfire merge.|
|Dominic Traynor is also a director of Sigmaroc.
It seems as though this is just a vehicle for Spitfire to list on Aim. Good or bad news I am not sure.|
|Not sure whether Spitfire will have anything to do with Sigmaroc as the appointment of Max Vermorken to Spitfire is the only link I can find at the moment. Spitfire is obviously moving towards an Aim listing with the appointment of Dominic Traynor.
|Thanks for that tomboyb. Just a tip that Andy told me about when you are posting links. Replace http with hTTp. Something to do with the computer on this site.|
|Don't know if anyone has seen this -
SigmaRoc hoping to emulate Breedon’s success
08 August 2016 - 16:50
New AIM-listed venture seeking to snap up smaller materials supply companies in emerging markets
A NEW AIM-listed venture is looking to cash in on the construction boom in emerging markets by acquiring smaller materials supply companies.
The Telegraph [4 August] reports that SigmaRoc, led by a team of industry veterans, is adopting a ‘buy and build’ strategy, targeting companies that produce construction materials such as cement, concrete and aggregates.
It is understood that SigmaRoc are aiming to imitate the success of the Breedon Group, who floated in 2009, built up a portfolio of suppliers and are now valued at £1 billion, making them one of the largest companies on London’s Alternative Investment Market.
According to Max Vermorken, chief executive of the new venture, recent mergers in the construction materials industry have led to a raft of divestments, meaning that smaller companies can be picked up at bargain prices.
Mr Vermorken, who was previously a strategic advisor with LafargeHolcim and before that worked with Luxembourg-based private equity group Genii, will be backed in the venture by non-executive directors David Barrett, co-founder of London Concrete (now part of Aggregate Industries), and Dominic Traynor, a corporate lawyer specializing in listings and takeovers, mergers and acquisitions, and corporate finance.
According to The Telegraph, SigmaRoc will engineer a reverse takeover of the AIM shell of Messaging International, a provider of text-to-landline communications, which is being taken private by its shareholders.
The new venture, which will undertake a £500,000 initial capital raising and then seek additional funds for each acquisition it makes, plans to target operating businesses that have a particular exposure to smaller emerging market countries, particularly in Africa, where construction growth is burgeoning.
SigmaRoc are expecting to complete the takeover of Messaging International’s listing by the end of this month.|
Events subsequent to reporting date
On 25 January 2016, Spitfire announced that it plans to dual list on London’s Alternative Investment
Market (“AIM”) in the second quarter of calendar 2016.
Buy and Build strategy -|