Sunkar Share Discussion Threads

[danandrews] 01/8/2014 10:47

Having reviewed other companies that have de listed from AIM i do not see any form of acceptance as such from LSE, other than confirmation of the actual de listing?

[one day soon1] 01/8/2014 10:43

August? Why do they not need 90% now?

[one day soon1] 01/8/2014 10:41

No Confirmation yet. I am waiting for a call back from the takeover panel and this is one question I am going to ask.

[j0no5] 01/8/2014 10:37

has it been confirmed by LSE that SKR is de-listing? SKR applied, but i have not seen any confirmation??

[danandrews] 01/8/2014 10:25

Can someone confirm a major UK bank that trades on KASE? HSBC certainly does not. With SAPC confirming they would give 14 days notice if they decided to close the offer price means SKR will be de listing next Thursday with all aboard, whether you have rejected the offer or not. I assume that is why some have sold out for less than the offer.

[augustusgloop] 01/8/2014 09:33

There is simply no reason to make an higher offer.

They don't need 90% now.

They will just cancel the listing and take what they have been offered
Then shaft the hold-outs ay their leisure.

[bogeybazaar] 01/8/2014 09:27

one day soon1

Who are you kidding? There was no 9.8 % rise yesterday or any other day recently. Like so many AIM stocks the so-called share price plays with itself, figuratively speaking, probably a fair reflection of what the Board and management have been doing too over the years.

The only price that matters to unlucky investors who would like to get some of their money back is the bid price which the company have contrived to hold at 1.78 p pretty well all of the past fortnight, thus ensuring that remaining PIs are stuck with Hobson's Choice between the miserable offer on the table or a few percent even worse by selling while the market is still technically open.

[one day soon1] 01/8/2014 06:11

Its getting close now! They will have to make an announcement soon.
From the lack of any news I think that they hae not reached 90% and higher offer must be on the way. Strange 9.8% rise yesterday too. Maybe it`s time to buy more?

[augustusgloop] 31/7/2014 20:37

But why would they even do that?

Once delisted, they could just 'sell' Temir services to SAPC in payment of the debt.

They then hold all the asset - you hold 10% the empty shell - an unlisted company with no assets.

You then get nothing for your now worthless shares.

No regulators to oversee this.
Nobody left working in the company to send you information or for you to complain to.

What do you do then?

[augustusgloop] 31/7/2014 20:31

The same greed and evil that motivated them in the first place.

They went to a massive effort to reach this stage.
The simple issuing of more shares to attain the last 10% will not trouble them.
Its less than a few days' work for one of their admin staff.

[paulb10] 31/7/2014 20:22

People who choose to sell at the offer price sell its not as if anybody is twisting anybody's arm on this. The main point, to my opinion, is what do SAPC do about the small minority left that do not what to sell. I think that if SAPC do get in access of 90% of the company they should leave these little investors alone do what they wish and take the company private, make whatever deals they wish, in whatever timescales they wish, and sell the company to whoever they wish without any interfearance . To go into a further dilution after privatisation in order to dilute the remaining small, less than ten percent holding shareholders, to my opinion creates more problems than its worth. For gods sake if they have in excess of 90% and can do whatever they wish and not be stopped by anyone, what sort of greed and evil could motivate anyone to finish off the remaining little non influencing shareholders

[one day soon1] 31/7/2014 20:21

Hi Hereford, So what is your plan?

[hereford29] 31/7/2014 14:10

if the delist is accepted the meeting still has to go ahead I think, until the company has been wholly taken private or is able to issue a compulsory offer? I will not be accepting a revised offer, even if one is made, so for my shares it will need to be complusory.

[one day soon1] 31/7/2014 14:09

Looking good for a higher offer Dan!

[danandrews] 31/7/2014 13:37

Has anyone heard of any of the board in recent days? 1 week till de-list. Seems the AGM for this year has now been confirmed, i do not think that SAPC have or appear likely to obtain 90%.

[hereford29] 31/7/2014 11:38

loadsadough, why would the rec change from neutral to BUY today? Who has made this recommendation? -.com if they haven't reached 90pc, then it is still possible to block the privatisation?

AIM & Main Market Short Term Change of Recommendations 31/07/2014

Basic Resources ST Rec. changed

Stock
From
To

Avocet Mining Sell to Neutral

Sunkar Resources Neutral Buy

Stellar Diamonds Neutral to Buy

[hereford29] 31/7/2014 11:04

I don't want to sell out at all, and if there was any way I could remain invested, then I would, but so far I have ben unable to find anyone that could help.

[one day soon1] 31/7/2014 09:50

Ok thanks Hereford.
Me too still have all my shares. As far as I understand it they don`t have 90% because we would have had an rns stating that they have 90% and that the remaining stock will be compulsorily purchased! So we wait for a revised offer which according to my brokers will not be available to those that accepted the first offer. So as has been my thought all along,that it won`t cost sapc a great deal to raise the offer to gain the rest of the shares! fingere and toes firmly crossed here!

[hereford29] 31/7/2014 08:15

I mean, once it is a closed company there is nothing that minority shareholders can do, in practice, from preventing it being taken private. At the london meeting confirming the sapc buyout another investor told that we would either be taken private at a lower price or diluted out of existence and he couldn't see any other outcome. He said he was selling. I still have all my shares.

[loadsadough] 31/7/2014 06:41

AIM & Main Market Short Term Change of Recommendations 31/07/2014
- Today, 6:40 AM

[one day soon1] 31/7/2014 06:34

That isn't quite correct Hereford why are you trying to mislead people?

[hereford29] 30/7/2014 21:56

They had already got 90pc in the bag from the moment sapc bought 51pc

[bossman1978] 30/7/2014 18:37

Have they reached 90%?

[mike1962] 30/7/2014 13:54

"Thats it folks"

Can the last man on this thread turn the light out !!!!