Noventa Share Discussion Threads

[powells workwear] 19/6/2013 15:45

This Company has a total of 157,658,819 Ordinary Shares in issue. is this not a screaming buy at this price ?

[mubz] 19/6/2013 14:43

EGM done and all resolutions passed

[john6185] 14/6/2013 20:58

My understanding is that Mr Hunt has talked to the Preference Shareholders now, and they are not going scr*w us.

Hopefully some actual news next week then, as the nay vote seems highly unlikely.

Also, some news the sales process is overdue. I hope for some sort of excess, as the process would have been winded up earlier if no bidders were willing to exceed the reserve price set by Luca. Question is how much? £5m /£20m ??

Tell you one thing, I bet the preference share holders know.

[coolen] 14/6/2013 13:24

I may be wrong, but I believe that not all share trades are effected on the LSE even if you think that is where your broker dealt.

The jobber, I believe, is free to process the trade elsewhere.

[powells workwear] 14/6/2013 09:03

I PURCHASED £150.00 WORTH OF SHARES I KNOW ITS NOT A BIG BUY JUST A SMALL TOP UP BUT FOR SOME REASON NOT SHOWING. HOW MANY OTHER BUYS ARE NOT SHOWING AND WHY ? 14 Jun 2013 BUY NVTA LSE 21239 .65 150.00

[coolen] 13/6/2013 14:37

That big buyer will be well diluted if Noventa successfully pull off their Pref share swap.

[powells workwear] 12/6/2013 15:44

I wonder if they are still adding to there holding say up to 30% before making a offer?

[coolen] 12/6/2013 15:17

Further, I do not agree the company's arithmetic on the holding. I calculate 16m shares to be nearer 10%, not 13%.

[coolen] 12/6/2013 15:08

EGM's non-quorate: the downside of holding it in the Channel Islands.

New stakeholder is indeed a director of Apex, showing as a Glasgow-based engineering group.

[powells workwear] 12/6/2013 14:43

What is going on here then

Disclosure of Shareholding



The Company has today been informed that Thomas Allan holds an interest in a total of 15,962,380 0.8p ordinary shares in the capital of the Company ("Ordinary Shares"), equivalent to 13.34% of the total number of Ordinary Shares. This includes 10,323,584 Ordinary Shares held by Apex Utilities Limited.

[powells workwear] 12/6/2013 09:37

Todays the day 12.15 on 12 June 2013 and an Extraordinary General Meeting of the Company

[john6185] 10/6/2013 21:52

Coolen: thanks, I agree those negotiations with pref shares holders could be very important.

Hopefully the conversion ratio or redemption terms will be announced ahead of the EGM vote.

[coolen] 09/6/2013 21:21

Expect between 30p-50p of value per Pref share.

okay, large dilution for the ords but it clears the last hurdle for the "shell" operation.

and don't forget that the pref holders are likely to receive a story to tempt them into agreeing an ord for pref swap.

[john6185] 09/6/2013 19:10

Anyone have any idea how the preference shareholder situation will pan out.Not regular pi's in that ensemble of 11, and probably some ex directors. I believe one is a billionaire sheik. Why he didn't step in to salvage the situation, we may never know.They either convert to ordinary shares, or the effective debt remains.

[john6185] 09/6/2013 09:49

HMS:

The potential dilution coming from the equity restructuring is a red herring..It's just a device to make the shell as attractive as possible, with the agreement in the articles to make huge equity placements in the future. (up to circa 2BN shares)

The EGM Notice made that point clear - "Consequences of the Share Capital Reorganisation ...................The rights of the Ordinary Shares will in all material respects be unchanged." At least at that point in time.

Though I think it's the dilution from the RTO that you are worried about, and that's admittedly an unknown.. we have a £5m EFF facility in place, that's probably it in terms of working capital.

To my understanding the first step is for the private company to acquire a controlling interest, which should mean a period of strong buying which will push up the price without dilution. 30% is the threshold for when a mandatory offer will arise. It's unclear to me whether 51% is really required, they just need enough votes to secure a yes vote for the merger.

NB. due to the use of nominee accounts, we don't really know who hold large holdings now. Noventa only have a duty to inform us about holdings on the share register, or those that they have been informed about by the holder directly.

[hms_trader] 09/6/2013 03:07

No worries John, I wouldnt assume that on the basis of a BB convo!

Dont really do crosswords myself but I was thinking there could be something in the NHS connection (my turn to be cryptic) aswell. Who needs palm readers when one has such subtlety in the RuNeS! ;)

What are your thoughts on the potentially massive 350M share dilution that could occur - what could that do to the SP?

Do you have any concerns that if an RTO does end up going ahead the uplift in value could evaporate from before our very eyes though such a dilution?

[john6185] 08/6/2013 16:25

hms:NB. I don't claim to have any inside information in my possession, so don't assume that I know the future.But I don't take spending £4k lightly

[john6185] 08/6/2013 15:52

Lucky I don't compile crosswords, I'm not sure that even works.But They'll have us eating out of the palm of his hand.Ok . No more clues for today.

[john6185] 08/6/2013 15:44

HMS:Don't take ambridge if I choose to be cryptic. More fun that way.:)

[hms_trader] 08/6/2013 15:33

Thnks John :) will take anothr look at RNS's. Would b great if you could provide a few more clues vis a vis th biz we may be in. RE the potential excess, ive come across a few aim cos tht trade below cash value so although i believe of there being strong possibilry tht we'll end up with excess im not so sure of th strong liklihood tht this will be reflected in the share price

[john6185] 08/6/2013 14:55

Down to 5p.Cash position wise, not sure but a sales excess will do wonders.

[john6185] 08/6/2013 14:52

HMS:I believe that answer lies in the RuNeS.No guarantees, but the day after the resolutions are passed may be interesting. I think I know what business we are going to be in post RTO.Do you own sleuthing . But I think the clues are there. I invested another £4k last week, based on that evidence, bringing my averag

[hms_trader] 08/6/2013 12:02

Thnks John. Is there anything in particular tht makes you confident tht RTO is slready lined up? Also IYO do you think NVTA's low cash position makes it less atteactive as RTO target?