Ofex Holdings Share Discussion Threads

[fickena] 03/5/2004 17:58

Simonevans,

New issues are down across the board, ofex just feels it more than the other markets due to it's size.

There is no point in listing if there is no market confidence and the money that goes with it.

As you say OFEX is invaluable to the market to bring investors the chance to invest in companies usually unobtainable to them.

[simonevans] 03/5/2004 17:30

I would very much like OFEX to be a success. It is a great idea and could be the junior market of choice without the red tape of AIM, but we are now into May and the level of new issues this year has been totally pathetic. Ruegg & Co seem to be the only advisor that is doing much.

It's starting to look very bad for this company unless they can 1. stop companies running for the exits and 2. attract some real interest. Liquidity seems to still be a major problem. Do people really think that they can turn this around? What has happened to all the companies waiting to list.

A simple solution would be to attract more shell companies, but the need for start-ups to issue quarterly accounts seems to be over the top. Can anyone name a reverse takeover in the OFEX market? I can't! Isn't this an opportunity?

[davidrigby] 26/4/2004 20:21

sreed this was today in the square mile
a lady who works at an ofice in stone cutter street london was overherd today in a well known watering hole quote (get your money on ofex they are going to move higher)i wonder if this is a con i will be looking at this one over the next few weeks

[sreed] 31/3/2004 15:43

exactly, ofex is a con, no volume in anything

[fickena] 31/3/2004 09:29

Thank god, now I can sell those bloody Sunblush that got moved to the Canadian Exchange!

[the other kevin] 30/3/2004 09:16

A growth business and one to tuck away:


OFEX PLC LAUNCHES INTERNATIONAL MARKET SERVICE AND ANNOUNCES NEW INTERNATIONAL
MARKET MAKER

OFEX plc is pleased to announce the launch of its International Market Service
('IMS'), a new trading service for companies already listed on eligible
overseas markets.

The markets whose listed constituents will initially be eligible for IMS are
the main boards of Canada, Australia, and New Zealand. OFEX will consider
broadening this facility to other markets with similar standards.

To date, many international companies have been deterred from obtaining a
European quotation due to the cost generally associated with dual listings.
OFEX has streamlined the admission process by introducing an expedited route to
market which recognises that companies listed on the above mentioned markets
already comply with developed regulatory standards. Accordingly, there are no
additional admission requirements imposed on the companies joining IMS. Indeed
it is envisaged that the application process will take only 48 hours. Actual
IMS trading is expected to commence in May/June 2004.

In order to be admitted to trading on IMS, companies must be listed on an
eligible market and be in compliance with the continuing obligations of that
market. Pricing, settlement and clearing will remain the responsibility of the
market maker and transacting broker/dealer, with no currency restrictions or
European designated settlement systems required. It is also essential to record
that this service is intended to complement, not compete with, the quotation on
the home exchange. IMS enables companies from around the world to access
additional liquidity and increase their profile/visibility through an extremely
cost-effective service.

The development of IMS is part of the OFEX plc strategy to deliver efficient
markets, bringing together investors and companies from around the world. OFEX
plc also operates the OFEX market, the only European market with a complete
team focussed exclusively on entrepreneurial companies.

OFEX is pleased also to announce that Jefferies International Limited will be
the first IMS-specific market maker.

[lom2] 29/3/2004 15:06

SELL OFEX SHARES IMHO BEFORE THE ROT SETS IN

[lom2] 29/3/2004 13:58

how many threads are there!

[farsight] 29/3/2004 13:50

I don't like OFEX. And I don't like AIM either.

[lom2] 29/3/2004 13:44

fikenna

THE NUMBERS ARE INACCURATE

THE 20 REFERS TO COMPANIES going BUST WHILST "STILL LISTED" ON OFEX

A FAR GREATER NUMBER DIDNT PAY THEIR FEES AND WERE DELISTED AND THEN WENT BUST

[dell314] 29/3/2004 10:18

fickena - you seem to be quite happy that many companies have listed on OFEX and subsequently delisted.
If I had shares in a company that delisted again after I'd bought, I wouldn't be very impressed....

Rgds
dell

[fickena] 29/3/2004 10:10

End of discussion, info from Ofex. All you needed to do was ask.

Since the launch of OFEX in 1995, 86 companies have progressed to more senior markets.

Since 1995 over 75 companies have withdrawn from OFEX due to them being taken over.

Since 1995 less than 20 companies have withdrawn from OFEX due to the company going into liquidation.

Peter R Mason
OFEX plc

[lom2] 29/3/2004 09:29

SOLD ALL BUT ONE OFEX SHARE
WONT TOUCH THIS MARKET AGAIN

[sreed] 28/3/2004 19:17

u reallyu fink so?

[outsider] 28/3/2004 17:05

fickena Gotta laugh he wants to discuss it so much he posted three times under OFX OFEX & no EPIC.


Me think he wants to buy ahead of the new market makers coming in April/May/June.

[simonevans] 28/3/2004 16:46

It WAS a dying market - agreed. Now, I am not so sure. I think things may be looking-up. Only trouble is all the better OFEX companies are leaving or have left - Sovereign Reversions, River Diamonds, Weetabix, Croma.....the list goes on and on. Hence things will get worse before they get better. Suspect we will go down to 130 or so companies, before things start to improve.

[fickena] 28/3/2004 15:38

Then why are you discussing it then?

[sreed] 28/3/2004 15:34

with 787 bargains on Ofex in first 3 months this year in Q1 the second market maker will have to eat air

nobody cares about this dying market

[fickena] 28/3/2004 14:12

Simon,

Remember that at the end of last year a 2nd market maker joined the OFEX market, so this should see the end of JP Jenkins excessive spreads and improve liquidity.

I do agree about the rules, and also believe OFEX could benefit from an incease in advertising. As I mentioned earlier, the OFEX show is well worth going to, you get to meet the CEOs of up and coming listings and get a head start.

(BTW Current hold only one ofex share. Used to own more but took profits.)

[simonevans] 28/3/2004 14:10

Yes, fairly poor. Things will get worse, before they get better. There are a few OFEX new issues starting to surface. This market COULD be very big, but whether or not it will be is anyones guess. Could do with a few offers for subscription to get interest going. I, for one, hope it is a success as the UK market needs a successful unquoted market. I think we have to wait 6 months or so. If it's only doing 1/2 new issues a month and 750 trades a quarter in Q3/Q4 then its never going to happen. Let's all hope they keep the momentum going and improve liquidity.

I also think they need to change the OFEX rules - the requirement for quarterly accounts, reviewed by auditors, is totally excessive and onerous for this market. That is why there are virtually no shell companies on OFEX and about 100 on AIM. Indeed, sometimes the OFEX rules are more onerous than AIM - this should stop - let's have a high risk, low-red tape, high liquidity market!!!

[simonevans] 28/3/2004 14:06

Yes, fairly poor. Things will get worse, before they get better. There are a few OFEX new issues starting to surface. This market COULD be very big, but whether or not it will be is anyones guess. Could do with a few offers for subscription to get interest going. I, for one, hope it is a success as the UK market needs a successful unquoted market. I think we have to wait 6 months or so. If it's only doing 1/2 new issues a month and 750 trades a quarter in Q3/Q4 then its never going to happen. Let's all hope they keep the momentum going and improve liquidity.

I also think they need to change the OFEX rules - the requirement for quarterly accounts, reviewed by auditors, is totally excessive and onerous for this market. That is why there are virtually no shell companies on OFEX and about 100 on AIM. Indeed, sometimes the OFEX rules are more onerous than AIM - this should stop - let's have a high risk, low-red tape, high liquidity market!!!