Niche Group Share Discussion Threads

[the_curmudgeon] 03/4/2016 23:47

Any thoughts on relist date? What price are people expecting beyond the 40p?

[yohoho] 01/4/2016 08:46

No, apparently not. Waiting for the liquidator's report which is due.

[t-raider] 31/3/2016 23:26

Thanks.. weren't we also pursuing Oman Resources and John McKeon in the courts for skinning us on the Turkish deals too. Have we given up on that ? Cheers "T"

[yohoho] 31/3/2016 13:29

I have asked a member of the Path team who tells me that the court hearings will be attended to post IPO,
and they are not needed ahead of it, but will be to enable them to pay dividends in the future. Hope this helps.

[t-raider] 31/3/2016 12:19

Court dates within the enclosed...

Resolution 3 – reduction of share premium account
This resolution is the first step to approve the cancellation of the Company’s share premium account. The Company must subsequently seek court approval for such cancellation but cannot do this without shareholders’ prior support. The amount by which the share premium account will be cancelled will then
be credited to a reserve. Your Board is proposing this resolution in order to expedite the payment of dividends in the future. Without this court-sanctioned exercise, shareholders are unlikely to receive any dividends until the accrued losses of the Company are offset by retained profits. For the sake of clarity,
shareholders are in no way disadvantaged by this proposed action.
To facilitate the future distribution of dividends to shareholders, the Company is, therefore, proposing to cancel its share premium account (which, on the basis of its audited accounts for the year ended 31 December 2014, is an amount equal to £24,133,083). This will create a reserve of the same amount that can be set-off against the deficit, reducing that deficit to £1,116,914. If resolution 3 is approved at the GM, the Capital Reduction must then be confirmed by the Companies Court and an initial hearing is expected to take place on 10 March 2016, with a final approval hearing scheduled for 23March 2016. In seeking the Court’s confirmation, the Company may be required to give such undertakings or other form of creditor protection as the Court may require for the protection of the Company’s creditors. This may include seeking the consent of the creditors to the Capital Reduction and/or the provision by the
Company to the Court of an undertaking to deposit a sum of money into a blocked account created for the purpose of discharging the Company’s creditors.

"T"

[yohoho] 31/3/2016 08:38

T-Raider I hear that the company is busy with its brokers working on the re-list. What proposed court dates are you referring to?

[t-raider] 30/3/2016 23:11

I guess the return to AIM by the end of Q1 2016 isn't going to happen ?The proposed court dates passed without comment too.Wonder where we stand ?"T"

[fatfish] 13/3/2016 09:45

not yet as far as I know, just keep your eye on their web site

[talkman2] 13/3/2016 08:37

Is there a date yet when this share is re-listed ?

[the_curmudgeon] 12/3/2016 22:57

Westmoreland: where did you get those figures?

[lochnessmonster] 11/3/2016 09:30

LOL Liquid Millionaire. 2p++++! Looking forward to getting back on the market and doing a couple of deals. Get some fresh lunatics on this board. ;-)

[liquid millionaire] 11/3/2016 07:58

His point i think is quite simply....2p or not 2p!

[westmoreland lad] 11/3/2016 01:09

yoho -- consider this ----1.6 billion bls recoverable !!! ----------

-- Integrated Core and Petrophysical Analyses Indicate Tier 1 Liquids-Rich Hydrocarbon Concentration with World Class Resource Prize Potential - Consistent with Pre-Drill Forecast

-- Gross Pay of 196' with Net Pay of 180.5' - Exceptional Net to Gross Ratio of 92% as Prognosed
-- Reservoir Quality In Line With or Above Expectation:
o Outstanding Effective Porosity of 11%

-- Shale Plays Typically in 4 - 7% Porosity Range

o Total Organic Carbon (TOC) Average of 3.55% in Cored HRZ Interval

o Hydrocarbon Saturation Over Entire HRZ Interval Estimated at >70%

-- Rock Mechanics Further De-Risked by Additional Analysis:
o Average Clay Volume 40% - Analogous to Marcellus and Haynesville Shales

o High Percentage of Brittle, Non Swelling Clays

-- Planning for Horizontal Well, Icewine#2H Commenced

[yohoho] 10/3/2016 22:10

well, how about 1p/ share then? Let me know how many you own and I'll consider it.

[westmoreland lad] 10/3/2016 21:23

Not until I finish my glass of Ice Wine yoho. You know where the project is ?

[yohoho] 10/3/2016 20:23

so westmoreland. Do you want to sell those at 0 then?

[westmoreland lad] 10/3/2016 20:09

Yep, re appeared on my broker spread sheet on Tuesday as Path Inv..

Preferred previous s/sheet without it as it now shows 18k invested value 0

lol

[fatfish] 10/3/2016 19:06

pelleeds

received that myself

[pelleeds1980] 10/3/2016 19:00

Corporate action from TD Direct

Name Change Old name: Niche Group New name: Path Investments Effective date: 7th March 2016 Please be informed that Niche Group has changed its name to Path Investments, effective from 7th March 2016.

[yohoho] 21/2/2016 18:39

Thank you Welsh2!

[welsh2] 21/2/2016 15:01

February 17th article pdf on Path Investments website under broker commentary

[peckhamrye1] 12/2/2016 16:23

whats the epic gonna be?

[welsh2] 12/2/2016 16:11

website redirects to path investments plc

[fatfish] 04/2/2016 18:19

My mistake, thought I had 100,000 before consolidation but I didn't I had 400,000. So in my account I now have 10,000 which is correct, so it is 40/1. Still has to go to £2.40 for me to break even.

[yohoho] 04/2/2016 16:31

fatfish, take a look at the worked example on the website. your maths is wonky. Astonas is correct. Its the nominal value of the share that has gone from 1p to 40p.
That isn't dilution,instead of 40 shares at 1p you now have 1 share at 40p nominal value.