Sigmaroc Share Discussion Threads

[zcaprd7] 21/10/2016 09:30

Don't think so, just needs to be larger, no?

[ieh fan] 20/10/2016 20:07

Thanks 'yes yes'.
That's the one.

So, I don't know a lot about the AIM takeover rules.
Does the wording suggest it'll be a previously listed (or currently suspended) AIM company we take over?

[flashheart] 20/10/2016 16:35

Thanks for the info guys. Looking good then.

[yes yes] 20/10/2016 16:29

"The Company has submitted a binding proposal for the acquisition of a company and has been notified that it is the preferred bidder, and has entered into an eight week exclusivity period, in a formal process which, if completed on the currently proposed terms, would be classified as a reverse takeover under the AIM Rules for Companies."

[zcaprd7] 20/10/2016 12:06

How do you know about that?

[ieh fan] 18/10/2016 21:05

We have an eight-week 'exclusivity' arrangement so plenty of time to get it over the line.

[zcaprd7] 18/10/2016 12:13

Well, I'm getting impatient. I know these deals are tricky to get over the line...

[flashheart] 18/10/2016 08:06

Hope so but who knows.

[zcaprd7] 17/10/2016 23:37

Something to happen this week?

[zcaprd7] 12/10/2016 17:33

Well, I'd assumed they done all the donkey work before the name change?

[flashheart] 12/10/2016 10:28

I wouldn't envisage too long. They would probably have done the 'donkey work' before they RNS'd and suspended. Dotting i's and crossing t's now I should imagine. Eager to know what the target company is all about though!

[zcaprd7] 12/10/2016 09:26

I wonder how long this is going to take then?

[zcaprd7] 11/10/2016 17:07

I'm sure the bod will set up ltip and start issuing themselves shares and options... Which is fine, my plan is to try to keep on top of any dilution and maintain the holding level of the CEO!

[cheeky13] 11/10/2016 16:47

I bought some because of the Bod track record as well.

[flashheart] 10/10/2016 18:58

Ok, interesting. Let's wait and see what they serve up here.

[zcaprd7] 10/10/2016 18:12

Well, I asked over on the Breedon board about the dilution "effect" . They had a 10 bagger over 5 years, with triple dilution..

[flashheart] 09/10/2016 17:04

Me too. The BoD seem to have a good track record so the aspirations are entirely plausible.

[zcaprd7] 09/10/2016 12:48

I'm holding for the long term, hoping for a Breedon success :http://www.agg-net.com/news/sigmaroc-hoping-to-emulate-breedon-s-success

[zcaprd7] 08/10/2016 00:16

Not even. Half of that was cash...

[flashheart] 07/10/2016 20:06

Yes there are many variants but it would be difficult to see this return at a lower share price with a pre-suspension market cap of only 1mn.

[zcaprd7] 07/10/2016 18:47

Not sure how it will work. In the old dot com days, you ended up with a massive hike in the market cap, after the suspension was lifted... Depends how many shares they issue and we'll have to guess the value of the acquirer?

[flashheart] 07/10/2016 16:44

Also as the market cap is so tiny as you say then a reasonable RTO could mean a multiple of that when it's complete.

[zcaprd7] 07/10/2016 15:55

Tricky one, there was some discussion on this thread a while back about some potential acquisitions. A RTO suggests something big and juicy, not a part share of something? Although the market cap is so tiny, a fish and chip would constitute a RTO here....

[flashheart] 07/10/2016 12:23

zcaprd7, any knowledge or inclination of what this intended target may be and where it's situated?

[zcaprd7] 06/10/2016 08:58

Indeed. I made sure I had the exact same amount as the CEO....