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Real-Time news about Mincorp (London Stock Exchange): 0 recent articles
|topvest: Down on someone selling a mere £500 worth. ATPK up strongly today though. Extreme volatility on small cap AIM stocks at the moment - probably partly due to the end of the tax year and people taking a capital loss, partly due to distressed sellers and partly due to market makers not wanting to take much stock on. It's a case of sit tight here and seeing what turns up. An ATPK deal of some kind would flip the share price up quite a bit if they can make it happen.|
|topvest: See ATPK are doing things as well + share price is rising again:
PT ATPK Resources Tbk Announces Acquisition of PT Otoma Global MitraMon Nov 26 05:00:00 EST 2007
PT ATPK Resources Tbk announced that the Company through its subsidiaries, PT ATPK Energy Resources and PT ATPK Power Resources, has acquired 7,500 shares, or equivalent to 100% shareholding in PT Otoma Global Mitra for a total amount of Rp 100 million.|
|topvest: The company is aiming to capitalize on a trend that is currently emerging
throughout international capital markets whereby resource assets in emerging
(particularly Asian) markets are trading at steep discounts to their US and
Australian peers, and as such are proving to be attractive acquisition targets.
The company is seeking to make strategic acquisitions within markets that are
more likely to tighten over the longer term. Moreover, particular attention is
being given to the commodities required by the rapid industrialization of China.
Once such a target has been isolated the board believes that significant value
will be added to the company through exploiting the regulatory arbitrage that is
currently valuing resource assets of similar qualities but on different
exchanges at substantially different earnings multiples.
BASICALLY, I THINK THEY ARE SAYING THAT COMMODITIES IN THE FAR EAST ARE VALUED CHEAPLY AND SO LOTS OF MONEY CAN BE MADE FROM BRINGING THEM TO AIM ON A HIGHER MULTIPLE. INTERESTING. I SUSPECT THEY HAD A DEAL CLOSE WHEN THE SHARE PRICE HIT 2P, BUT IT FELL OVER.|
|novemberrain: Mac - Why is there no change in ATPK share price. And is there any word from RH. Thanks for your help in advance. I am slowly losing patience with this share.|
|macansy77: aud - i would think that their take up of the rights issue would have to be announced yes. As to the value of their investment so far, they're not under any obligation to announce this, though it would perhaps be nice!
For me though, this is a kinda win/win scenario - on one hand i'd be happy to see publicity, shooting share price etc and take profits at 5p or whatever. On the other hand i'm equally happy for them to carry on about their business in a quiet manner, giving me an opportunity to add...|
|topvest: The ATPK share price has moved up very strongly this week. This does look interesting!|
|topvest: Thanks for the update Macansy look interesting. Share price also definitely on the move.|
|topvest: I agree that they could have said a tad more than they have. There is obviously something going on and they will be forced into making an announcement if we see any more significant share price volatility. Ultimately, that could lead to suspension until the reverse takeover is finalised.|
On the 750k think you are broadly right in that I believe MM bid for and acquired shares at mid market (at the time) from CE punters that had bought in the placing via CE at 1.5p
For what its worth (which is probably not a huge amount) CE are recommneding that their clients hold rather than sell.
Personally I would like to see an announcement about what is actually going on here as if we here nothing soon I fear share price will retrace very quickly|
|topvest: yes, it's all happening here, except any mvt in the share price that is!|
Mincorp share price data is direct from the London Stock Exchange