||EPS - Basic
||Market Cap (m)
Real-Time news about Optimisa (London Stock Exchange): 0 recent articles
|jhan66: Relevant srticle today from iii
Delist and save £££!" lawyers tell AIM boards
City lawyers are circling hard-pressed AIM-listed companies with offers to delist them for as little as £5,000, an investigation by Interactive Investor has revealed.
It comes amid a rising tide of businesses opting to walk away from the public markets to go private as a result of a dramatic fall in share prices and the flight of capital from the AIM markets in favour of investments seen as less risky.
There are concerns that advertising cut-price delistings could lead to investors being disadvantaged if companies fail to set up a facility to allow shareholders to exit at a fair price. Brokers say this has happened on a number of occasions in recent months.
By April, the number of UK listed companies on AIM had fallen to 1,167 from a high of 1,347 in 2007. Part of the reason for the fall has been that new flotations have all but dried up while the number of companies quitting the market has increased significantly.
This year 99 companies quit the market by the end of April compared to just 59 in the first four months of 2008. The trend picked up sharply at the end of last year - 40 companies left in December. Prior to that, de-listings had been running at around 19 a month. The figures for this year so far show de-listings running at around 25 a month.
Richard Feigen, the chief executive of Seymour Pierce, said: "We accept delistings will happen. It's inevitable but when they do we would always try to convince clients that they have a duty to go through the right mechanism and give shareholders the opportunity to make an exit at a fair price. If you raise money on the public markets you do have a duty to ensure you treat the people you raise money from fairly."
Anthony Scott, director of private clients at Charles Stanley, was of the same mindset. He said: "This is really not doing anyone any favours and to delist and walk away from your shareholders without looking after them properly is quite wrong. It is a nightmare at the moment."
Stephen Austin, partner of Hybridan, a broker, said: "On an IPO there's an implicit promise the shares will stay quoted through thick and thin. This promise is now being broken all too often and is driving away investors created a depressing downward spiral for the remaining stocks.
"If companies do have to quit the market a tender offer to buy out the minorities should be made mandatory. And this should be at the preceding 12 month average share price. It would be all too easy to let a share price drift down to rock bottom only then to buy the company back on the cheap."|
|asmodeus: It's so frustrating! OPS performs so well, but the share price just doesn't reflect this. What more does the market want? Will it never come to the notice of the Big Hitters? Perhaps we just have to wait for a takeover?|
|qs9: Looking very good IMO for £20 (another 30%), tightly held so demand is pushing them ahead nicely. More deals are likely so increased share price will lessen any dilution for existing shareholders, lets hope a virtuous spiral upwards if they get it right!!|
|nissi beach: looks like there is onlt 59000 shares to go round
What would happen to share price if a deal was announced
it would soar|
Optimisa share price data is direct from the London Stock Exchange