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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Spark Vent. | SPK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 800.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 800.00 | 800.00 |
| Top Posts |
|---|
Posted at 24/7/2015 19:52 by super_sub Ah, I can see the reason for the large consolidation now. SPK obviously still have a lot of small shareholders from the dot com days, and most of them are probably in certificated form. So by implementing the 200:1 consolidation along with offering a free dealing facility, they are hoping to squeeze most of them out. And to be fair, it's probably the best option for anyone in that position.I sold out on Wednesday morning, but still qualify for the open offer. Barring a very unlikely rise in the share price next week, I won't be participating though, as the current mid price indicates a new share price of around £8.75 after consolidation. |
Posted at 24/7/2015 17:35 by ali47fish can anyone please clarify if it is worth participating- i have 5000 spk shares valued currently at £218- if do participate, i will be entitled to 4.17 shares- so i am not sure what is one gaining with such a small number of shares- what will happen if i dont take the offer? The shares will lapse and what do i get paid?with thanks |
Posted at 21/7/2015 23:41 by super_sub Before today, or at least before the annual results on 10-Jul, all SPK shareholders would have been expecting cash (or maybe cash +IMO shares) to be returned to them in the near future at somewhere close to NAV, which is now approx 5.8p."The Company recognises that some Shareholders may not want to continue as investors as the Company pursues its New Investing Policy", so it would have been nice if they'd have offered those "loyal and supportive Shareholders" the cash exit they were expecting, rather than an opportunity to invest in new shares at a 10% discount to yesterday's share price (which itself rose 25% on that day as a result of that timely IC tip)! I do agree that the 1:200 consolidation is a bit strange. A lot of companies tend to split their shares when they reach £10. |
Posted at 12/7/2015 23:58 by super_sub So the current SPK NAV is about 5.5p per share.Every 1p on the IMO share price equates to 0.02p on SPK's NAV, taking into account that 20% of all profits on IMO are taken up by the management incentive fee. I was pleased to see in Friday's results that the £3.1M cash being held up in Escrow for tax reasons is expected to be released in the next couple of weeks. But I was surprised to see this comment: "SPARK is not currently looking to sell its (IMO) holding whilst its strategic options are being considered". Now that the lock-in period has expired, I would have expected them to have started offloading IMO (just like other big shareholders have already done in recent weeks), especially as their investment policy was to seek to realise their remaining investments. In the previous half yearly report, there was mention of distributing the IMO shares in specie to shareholders, but it seems that they are looking to continue SPK in some form "ensuring that shareholders benefit not only from realisations but also the value of the quotation, reputation and tax losses of the company". I would have expected them to have hung on to some of those unquoted assets they sold at a discount in April rather than the AIM quoted IMO shares, if they were planning on a Spark II though. I look forward to hearing some news on future proposals soon. |
Posted at 03/6/2015 13:48 by super_sub Expect some news here very soon.IMO have announced the lock-in provisions have been dropped (3 weeks early) for a couple of big shareholders and between them they sold 7M IMO shares at 120p yesterday. There's another couple of 3M sells at the same price a bit later yesterday, but they could just be buys at the same price I suppose. IMO has shot up to 132p today. SPK hold 10.8M shares in IMO. |
Posted at 27/6/2014 08:24 by grahamg8 Agree Cap'n the news flow is pretty limited. SPK seem to have disposed of around 3m shares in the IPO presumably at 120p. So assets turned into cash. The launch price gives a NAV for IMO above the book value so we should get a small step up in the NAV of SPK. But probably the most significant part is that now there is a route for disposal of by far the biggest asset of SPK and the chance to return more cash to shareholders. I wouldn't be at all surprised if there is a tie in clause but haven't managed to find one. Source www.imimobile.com |
Posted at 21/5/2014 16:26 by johnstonp just received today my 4.5p return on SPK shareswow took their time |
Posted at 27/3/2014 11:39 by j1mst3r Hi Johnstonp,Please see my evaluation of SPK at Thanks! |
Posted at 06/1/2014 15:26 by johnstonp lot of activity today on SPK? |
Posted at 02/10/2013 15:34 by dr knowledge QS99 - when a company announces a divi, it offers the chance for those to get in before the cut-off date, qualify for the divi and then exit, ergo not unusual to see the share price go up prior to ex-divi announcements and then fall back post.In the case of SPK, the 27th was the cut-off date for qualifying, thus I'm pleased to see that hardly anyone chose to sell this Mon or Tues (long as you were on the register e.o.d Friday, you'll get the divi). |
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