Plus Markets Group Share Discussion Threads

[nitaroo] 23/1/2013 16:51

Murky deals in line with recent developments at that hapless company.

[harry f] 23/1/2013 15:20

im not having a go thumper, just not up to speed with the legal aspects as much as you are.

i suppose we have no way of telling if chapman needs to inform the fsa separately or not but he seems the diligent type who would find out if he needed to or not.

your link also mentions cfd's.... i remember jennings disclosed these when he had some a while back.

i havent ever notified the fsa? should i? i have a fair few :)

[old thumper] 23/1/2013 15:05

harry,

You'll find the "Legal Benificary" of the shares need to do a TR-1 on the FSA site. (as I was advised by my TD nominee a/c)



Still let's not get involved on this one.

[harry f] 23/1/2013 14:22

i cant see what chapman should have notified the fsa about thumper? he buys shares and when he crosses a threshold tells the company who issue an rns.

[harry f] 23/1/2013 14:19

your the man pjw. thanks

it appears to me it's because the shares went to the winterfloods client nominee account and there is no requirement to disclose any threshold changes here.

so it could well be winterfloods falling to 0%. whoever it was their gone now.

[old thumper] 23/1/2013 14:15

pjw,

The whole RNS/TR-1 issue is highly dubious, i.e. Simon Chapman should had notified the FSA. And I'm sure there's loads of people who don't bother, it's probably only the institutions who do, where they have to do business in the financial sector so keeping the good side of the FSA is in their best interests.

[pjw1956] 23/1/2013 14:01

harry, winterfloods have never issued a holdings RNS, they must have notified Polemos of their holding but no RNS has ever been released.

[nitaroo] 23/1/2013 13:55

"...even the sheep know that..."
The real sheep have been calling PMK/PLMO shares cheap, when they were going for 10p and continued to do so right through all stages of decay to the present low of 0.18p.
All the rest of the animal kingdom, however, knew all along that those shares hadn't been cheap at 10p and that they are as good as worthless now.
Baa, baa, baa.

[harry f] 23/1/2013 13:17

thumper

as far as i could determine they were persistent seller(s), and price didnt appear that relevant to them, they just wanted rid.

as we both know even if you strip out what's gone before and just consider it as a shell at a big discount to cash it's still cheap, even the sheep know that. this is why i thought it would be winterfloods writing them off.

why is the silence worrying? i take comfort from it.

for example if they bought in a minority stake of say 5% in a £1m company wouldnt that satisfy the criteria?

[old thumper] 23/1/2013 11:12

harry,

You may be right but it hasn't damaged the share price perhaps it's of more interest, who brought them, if they were?

It's still a puzzle as to why the MM's keep the share price so low against the assets, perhaps in the hope to collect more sellers shares?

Total silence from the company / press is worring as we have a date in June where something needs to be brought into.

[harry f] 23/1/2013 10:04

thumper

i have nothing concrete to back my feeling up, its just from what i saw, the volume, the sale prices, the duration, which was from early dec to mid jan most of which was before the herd came along.

somebody or a group has sold something around 20m shares here imo the majority before the heard came along.

i just wonder if a singular or some holders thought if this goes the distance they dont want it getting out they were holding substantial holdings.

in the absence of a winterfloods rns the above is top of my list of explanations at the moment.

[old thumper] 23/1/2013 09:54

harry,

it won't be the big holders selling out it was just the herd following the "Master?"

Mind you there have been a few people stocking up holding to the sub 3% level taking profits.

Unless the mm's adjust the share price the herd may return.

When will Polemos do something as they've had since last April to eye up investments and something must had been agreed between Bruce / AD and possibly with Chapman at that time.

[harry f] 23/1/2013 09:39

pjw

just wondering about your thoughts on the following.

here are the major holders, chapman would also be on an updated list with circa 20m.




it looks to me like there were sellers around until sometime around last week, pre daytraders selling out, i reckon something like 20m -30m was offloaded. the new group who came along burned off a lot of this excess stock.

i cant seel the seller being amara/ bruce/ chapman which is why i thought winterfloods. but they havent declared yet.

now im just wondering if it could be a a few people with large holdings in nominee accounts who think it's not in their best interests to be in this stock going forward, for whatever reason.

[harry f] 18/1/2013 14:29

you helped us a lot setting up that new thread daytraders, thanks.

these days it's funny how this can be ramped and hardly anybody cares, back in the olden days just a hint of optimism even with justification would bring out the bears spending hours bashing this down at all costs.

maybe their moral standpoint has changed?

where are they now? Devenir gris

[harry f] 18/1/2013 14:00

you mean the londondx link? its blank these days.

have a good one pjw and watch yerself in the snow, its slippy, lol.

[pjw1956] 18/1/2013 13:53

harry, and after losing our RIE licence this.. Post 4519 Link has been taken down

FSA Authorisation: Pending

Global Markets Exchange Group Ltd Registered in England and Wales
Company Number:

A Division of GMEX LLP Registered in England and Wales
Company Number:


Off now have a good weekend harry

[harry f] 18/1/2013 13:36

fingers crossed, here's hoping.

the only way this is worth 0.2p is (amongst other things) if everyone thinks selling a major subsiduary of the group (ts)

1) which was a going concern (it clearly is now)
2) without a shareholder vote
3) to a related party
4) at a price agreed by ex management and the nomad
5) no shareholders were ever told what ts was worth
6) they then set up shop with the same people in the same building

is legit.

not a snowflake's chance in hell (poor attempt at trying to be topical)

[pjw1956] 18/1/2013 13:27

Best of luck Daytraders and thanks for the thread, I hope You're right on both counts harry.
Post 4554

[harry f] 18/1/2013 13:25

each to their own daytraders but i do think the timing wasnt good, as it appeared the mm's were short of stock and the seller who's been around for a month or go appears to have gone. but then anywhere around this level i wouldnt advise selling thats unless you think what went before (the sales) were credible and legit.

good luck if you can get back in lower.

... and good to see it still remains sensible on this board.

[daytraders] 18/1/2013 13:16

well the plmo new thread i started seems to get rampers on it, i sold my holding earlier, will just wait until a rns comes out, i will then make a decision to invest again.

[harry f] 18/1/2013 12:47

i have a tinge of sadness really. i was sat beside the pc last night thinking this will be the last time i ever see a 0.1? close. the end of an era.

good to watch the sideshow develop for entertainment but far from the main event. these people seem to have little or no idea what their buying into.

i think there was a little overhang from the seller (i reckon winterfloods) after all, seems to have gone now.

[harry f] 15/1/2013 17:11

they perhaps anticipated how the game would pan out. just think, all those big bidders at the table for whom £20m/ £30m would be peanuts yet not one of them makes a bid. that would set the alarm bells ringing.

somebody does come along who does make a bid and the company block it.

did they have a fidicuary duty to shareholders or to forum trading solutions? the evidence suggests clearly the latter.

[pjw1956] 15/1/2013 17:01

This was the only bidder who was not scared off

Gulf Merchant Bank makes new bid for Plus Markets

Michelle Price
31 May 2012

The troubled sale of Plus Markets has taken a new turn after the Middle Eastern bank that failed to buy the stock exchange operator earlier this month returned to the fold in order to trump an agreed bid from Icap.
Gulf Merchant Bank makes new bid for Plus Markets

Gulf Merchant Bank said in a statement issued at 17.01 BST today that it had made a revised offer for the acquisition of the entire issued share capital of the junior London market.

The bid is a return to the mix for the Dubai-based bank, which had been in negotiations to buy Plus Markets after the exchange had put itself up for sale three months ago. However, as first reported by Financial News, a breakdown in these talks in the early hours of Monday May 14 led to Plus Markets announcing that morning that it had begun a process of closing down.

Plus Markets then faced the prospect of being broken up when Icap, originally named by Financial News as an early bidder, re-emerged as a bidder for Plus-SX, the stock exchange part of the Plus Group. On Friday 18 May, the interdealer broker said it had reached an agreement to purchase Plus-SX for just £1, subject to shareholder approval.

Gulf Merchant Bank has not disclosed the terms of its revised offer, but said in today's statement: "Gulf Merchant Bank believes that the revised offer provides a number of benefits for Plus Markets Group shareholders, the listed companies on Plus and the community of Plus' advisors not least because it is substantially in excess of that announced by Icap."

The bank added: "The management of GMB believes that the proposal offers a more commercially viable structure for Plus Markets Group shareholders; it will provide greater transparency and visibility for the companies listed on Plus Stock Exchange and future customers of other Plus products and markets; and it will enable Plus Stock Exchange to operate free of conflicting investments or interests."

Gulf Merchant Bank said it had developed a "roadmap" for growing the beleaguered London market, which includes providing additional financial resources; strengthening its corporate governance; reinforcing its risk management controls; and developing a new strategy to attract companies from the world's growth markets.

The bank said that the UK Financial Services Authority has given no indication that it would block the Dubai bank's bid to acquire the exchange's recognised investment exchange licence which allows it to list products under UK law.

Plus Markets and Icap were not immediately available for comment.

[harry f] 15/1/2013 16:49

could well be, there's loads of possibilities. we'll no doubt find out in due course.

maybe they just sold it to them as it happened? you get the licence, we get the tech support and nice big contract from you and we all sail off into the sunset happy. shareholders are shafted.

if they did it's understandable why they would say no.

that said, this is a simplistic version of events. i believe ive a good handle on what actually occurred; just waiting for confirmation now.

[old thumper] 15/1/2013 16:41

"what scared them all off" CT was part of the deal!!!!