More Acquisitions Share Discussion Threads

[hedgehog 100] 30/1/2024 11:45

In view of their property sector background, TMOR's new directors will probably be looking at a property RTO into TMOR, probably at a significant premium to their 1p/share investment price.

And recessionary times can provide great opportunities to pick up property cheaply, from which huge gains can subsequently be made.


A good example of a property sector multibagger is the property development company Northacre (NTA), which c. 75-bagged in c. 5 years, 2005-2010, low to high: from c. 2p to c. 150p.

Northacre (NTA):-




"Northacre plc is a British property company that develops luxury apartments in London, and is 69% owned by Abu Dhabi Financial Group (ADFG)."

[hedgehog 100] 22/1/2024 09:39

22/01/2024 07:00 UK Regulatory (RNS & others) More Acquisitions PLC Placing at 1p per share and Board Changes LSE:TMOR More Acquisitions Plc

"The Directors of More Acquisitions Plc (LSE: TMOR) are delighted to announce a placing as well as board changes designed to facilitate the Company's next phase of growth.

Highlights

-- Appointment of two highly experienced company directors to the TMOR board. Neil Sinclair will move to Executive Chairman and Stanley Davis as non-executive director.

-- Fundraising of GBP312,240 through the issue of 31,224,000 new ordinary shares of GBP0.01 each at a price of 1p per share ("Placing Shares") with 2 free attaching warrants for every 1 Placing Share issued exercisable at 1.5p (exercisable at any time during the 60-month period from 4 March 2022). These options are on identical terms to those granted to investors at the time of the Company's IPO.

-- Current director Charles Goodfellow will remain on the board with Roderick McIllree retiring effective immediately.

Rod McIllree, Executive Director of More Acquisitions plc, said:

"Today marks a significant point in the evolution of More Acquisitions. The appointment of Neil and Stanley to the Board of the Company marks an exciting step towards the execution of a reverse take-over which is expected to be value enhancing for all stakeholders. They begin their tenure on a positive note by investing in the Company at a significant premium to the market thereby confirming their faith in their stated objective of value creation. I am very confident I leave the company in good hands and look forward to continuing as a shareholder as it now moves through these next value enhancing steps."

Board Restructuring

The Company is pleased to announce the appointment of Neil Sinclair as the Company's new Executive Chairman, and Stanley Davis as a Non-executive Director to the Board.

Neil Sinclair - Executive Chairman

Neil Sinclair has over 60 years' experience in the real estate sector. He was a co-founder of Sinclair Goldsmith, Chartered Surveyors, which was admitted to the Official List in 1987. It subsequently merged with Conrad Ritblat in 1993, when he became Executive Deputy Chairman. Neil was appointed Chairman of Baker Lorenz, surveyors in 1999, which was sold to Hercules Property Services plc in 2001. He was appointed a non-executive director of Tops Estates plc in 2003 and remained so until it was sold to Land Securities plc in 2005. He co-founded Palace Capital plc with Stanley Davis in July 2010 and helped build a GBP280m property portfolio. He served as Chief Executive Officer until June 2022. ...

Stanley Davis - Non-Executive Director

Stanley Davis is a successful entrepreneur who has been involved in the City of London since 1977. He founded a company registration agent, Stanley Davis Company Services Limited, which he sold in 1988. In 1990 he became Chief Executive of a small share registration company which became known as IRG plc. It acquired several businesses including Barclays Bank Registrars and was sold in April 2000 for a substantial sum to the Capita Group plc. He was Chairman of Stanley Davis Group Limited specialising in company formations, property & company searches. It was sold in June 2020 to Dye & Durham listed on the Toronto Stock Exchange. He co-founded Palace Capital plc with Neil Sinclair in July 2010 and helped build a GBP280m property portfolio. He served as Chairman until December 2021. ..."




This placing at 1p shows that people were absolutely right to object to the proposed 'rip off' RTO at 0.5p.

But let's now move on: well done to TMOR on topping up TMOR's funds at a good price.

[shortcpx] 01/12/2023 16:20

Lol. Up the rebels eh.

[westendwinston] 18/11/2023 21:21

Sounds like a right northern plonkerFark him awrfff . Pirate

[vatacarma] 06/11/2023 07:55

My vote is against the resolutions.

[hedgehog 100] 02/9/2023 21:42

Recent Share Trades for More Acqu (TMOR)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
01-Sep-23 16:22:28 0.61 300,000 Buy* 0.55 0.65 1,830 O
01-Sep-23 08:19:00 0.5868 100,000 Sell* 0.55 0.65 586.80 O
01-Sep-23 08:16:56 0.60 100,000 Sell* 0.60 0.65 600.00 O
01-Sep-23 08:01:51 0.60 75,000 Sell* 0.60 0.65 450.00 O
01-Sep-23 08:01:00 0.60 125,000 Sell* 0.60 0.65 750.00 O
31-Aug-23 08:45:58 0.6026 89,637 Unknown* 0.60 0.70 540.15 O
31-Aug-23 08:45:58 0.60256 -89,637 Unknown* 0.60 0.70 -540.12 O


The small TMOR sells yesterday were largely bought up by one much larger buy, a bullish sign.

[hedgehog 100] 30/8/2023 18:55

Name Symbol Market Type ISIN Description
More Acquisitions Plc LSE:TMOR London Stock Exchange Ordinary Share GB00BMWKKM32 ORD GBP0.01
Change % Chg Cur Bid Offer High Low Open Volume Chg Time RN NRN
0.025 4.2% 0.625 0.60 0.65 0.625 0.60 0.60 911,993 09:25:06


A nice 4.2% TMOR rise today, back to the 0.625p level.

Lets hope for an imminent TMOR RTO at 1p+, to reward those shareholders who have 'kept the faith', including those who backed the March 2022 IPO at 1p.

[hedgehog 100] 29/8/2023 17:02

Recent Share Trades for More Acqu (TMOR)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
29-Aug-23 12:49:01 0.637 15,698 Buy* 0.55 0.65 100.00 O
29-Aug-23 12:12:14 0.644 153,039 Buy* 0.55 0.65 985.57 O
29-Aug-23 11:18:24 0.644 80,343 Buy* 0.55 0.65 517.41 O
29-Aug-23 10:23:38 0.6349 500,000 Buy* 0.55 0.65 3,175 O
29-Aug-23 08:01:12 0.636 100,000 Buy* 0.55 0.65 636.00 O

More TMOR buying today ... and only two more trading days left in August.

[hedgehog 100] 27/8/2023 13:31

TMOR has now been back from suspension for nearly three months, which is I believe long enough to line up a replacement RTO, with the directors well incentivised to do so pronto.

And it was in September of last year that the company unveiled the Megasteel RTO, at a huge premium to the then s.p.

So it could be another 'September to remember' for TMOR shareholders - and in a very good way.

[hedgehog 100] 25/8/2023 11:58

TMOR's chart pattern is exhibiting the classic double bottom technical formation, a bullish reversal signal.


From Investopedia.com:-

"What Are Double Bottom Patterns?

Spot Major Potential Trend Reversals with Double Bottoms

By JAMES CHEN Updated October 13, 2022
Reviewed by CHARLES POTTERS
Fact checked by MICHAEL LOGAN

What Is a Double Bottom?

A double bottom pattern is a classic technical analysis charting formation that represents a major change in trend and a momentum reversal from a prior down move in market trading. It describes the drop of a security or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound (that may become a new uptrend). The double bottom looks like the letter "W." The twice-touched low is now considered a significant support level. While those two lows hold, the upside has new potential.
1

In terms of profit targets, a conservative reading of the pattern suggests the minimum-move price target is equal to the distance of the two lows and the intermediate high. More aggressive targets are double the distance between the two lows and the intermediate high. ...

While the double bottom low remains in place, price movement is likely to exhibit a retracement higher and possibly indicate the beginning of a new uptrend. ..."

[hedgehog 100] 24/8/2023 18:20

"From the ashes of disaster grow the roses of success".

Or perhaps I should say: " ... can grow an ASHI-like success" ...


The shell company ASHI floated at 3p per share on 6th. June this year, market cap. £1.841M., compared to net cash of £717K., including its net IPO proceeds.

That didn't look cheap, but to its credit it has suspended (at 2.75p) for a DOUBLE RTO, valued at over £175M. including ASHI's shell value, just two and a half months later:-

17/08/2023 08:10 UK Regulatory (RNS & others) Ashington Innovation PLC Heads of Terms Signed LSE:ASHI Ashington Innovation Plc
"Heads of Terms Signed
Proposed Reverse Takeover of Cell Therapy Limited
Suspension of Listing
Conditional Acquisition of Cell Therapy Limited
Ashington Innovation (LSE:ASHI), the Special Purpose Acquisition Company (SPAC) established to acquire businesses primarily in the technology sector, is pleased to announce that the Company has entered into a non-binding term sheet (the "Term Sheet") with Cell Therapy Limited ("Cell Therapy") pursuant to which Ashington Innovation will acquire 100% of the total issued equity for GBP135 million in an all share transaction (the "Transaction"). Cell Therapy is a clinical stage biotechnology firm with a portfolio of patented cellular medicines with a lead program that successfully completed an early-stage human clinical trial in heart failure. ... "


24/08/2023 07:00 UK Regulatory (RNS & others) Ashington Innovation PLC Heads of Terms Signed for the Acquisition of Calon LSE:ASHI Ashington Innovation Plc
"Heads of Terms Signed for the Acquisition of Calon Cardio-Technology Limited, subject to the Completion of the Reverse Takeover of Cell Therapy Limited
Ashington Innovation plc (LSE: ASHI; FSE: 6FW), a special purpose acquisition company, is pleased to announce it has entered into a non-binding heads of terms agreement with Calon Cardio-Technology Limited ("Calon"), to acquire 100% of the outstanding shares in Calon in an all-share transaction. The acquisition is subject to the completion of the proposed reverse takeover of Cell Therapy Limited ("CTL") ...
Following recent discussions, on 23 August 2023 Ashington entered a non-binding heads of terms agreement with Calon for the acquisition of 100% of the issued share capital of Calon for a purchase price of GBP39 million, to be satisfied by the allotment and issue of new ordinary shares in Ashington Innovation PLC to the shareholders of Calon. ..."

[hedgehog 100] 23/8/2023 20:03

Recent Share Trades for More Acqu (TMOR)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
23-Aug-23 15:54:27 0.598 500,000 Buy* 0.50 0.60 2,990 O
23-Aug-23 15:51:10 0.5784 597,251 Buy* 0.50 0.60 3,454 O
23-Aug-23 15:50:15 0.5766 601,023 Buy* 0.50 0.60 3,465 O
23-Aug-23 15:46:58 0.565 164,410 Sell* 0.55 0.65 928.92 O
23-Aug-23 14:37:13 0.60 89,637 Buy* 0.50 0.60 537.82 O
23-Aug-23 14:11:39 0.598 82,205 Buy* 0.50 0.60 491.59 O
23-Aug-23 13:41:14 0.598 82,205 Buy* 0.50 0.60 491.59 O
23-Aug-23 13:33:45 0.598 82,205 Buy* 0.50 0.60 491.59 O
23-Aug-23 13:19:45 0.598 78,275 Buy* 0.50 0.60 468.08 O
23-Aug-23 11:38:40 0.5885 500,000 Buy* 0.50 0.60 2,943 O


Lots of TMOR buying today.

And understandably so: TMOR is not only trading at below its current level of cash (at its current share price of 0.55p/share) which is very unusual for a shell; but it also has exciting near-term RTO deal potential, which you would expect to be at a large premium to the current s.p.

[hedgehog 100] 19/8/2023 20:28

Remember that TMOR's board won't be paid until a deal completes, so they have no incentive to spin this out, but every incentive to complete a deal - but it has to be one that TMOR shareholders will approve (75% of the TMOR votes cast required):-

04/03/2022 07:00 UK Regulatory (RNS & others) More Acquisitions PLC First day of dealings LSE:TMOR More Acquisitions Plc

" ... No ongoing director salaries - The Company's directors will receive no salaries or consultancy fees; compensation will only be received by way of a success fee on the completion of an acquisition approved by shareholders. ..."




"From the ashes of disaster grow the roses of success": from TMOR's current sub-cash valuation, the right deal could give a very good return from this level.

[hedgehog 100] 16/8/2023 14:46

An RTO is simply an alternative way to float on the stock market, and some of the world's largest companies have come to market via this route.

Including WPP, current market cap. c. £8.076 billion:-

" ... WPP plc is a British multinational communications, advertising, public relations, technology, and commerce holding company headquartered in London, England. It was the world's largest advertising company, as of 2019.[4] WPP plc owns many companies, which include advertising, public relations, media, and market research networks such as AKQA, BCW, CMI Media Group, Essence Global, Finsbury, Grey, Hill+Knowlton Strategies, Mindshare, Ogilvy, Wavemaker, Wunderman Thompson, and VMLY&R. It is one of the "Big Four" agency companies, alongside Publicis, The Interpublic Group of Companies, and Omnicom Group.[5] WPP has a primary listing on the London Stock Exchange, and is a constituent of the FTSE 100 Index.[6]

On 14 April 2018, Martin Sorrell retired 33 years after founding the company. Roberto Quarta is chairman.[7] Mark Read is CEO.[8]

History

The company was founded as Wire and Plastic Products plc to manufacture wire shopping baskets in 1971. In 1985 Martin Sorrell and Preston Rabl,[9] searching for a listed company through which to build a worldwide marketing services company, bought a controlling stake.[10][11] ..."

[hedgehog 100] 15/8/2023 17:19

NZI (Net Zero Infrastructure) shows how the timetable for a replacement RTO can be accelerated after a previous RTO is aborted.

There was a period of just three and a half months between NZI returning from suspension following the abortion of its Taylor Construction Plant & Solar Highways RTO, and the unveiling of its LINE Hydrogen RTO, with accompanying resuspension:-

13/02/2023 07:00 UK Regulatory (RNS & others) Net Zero Infrastructure Plc Request to restore listing of the Company's Shares LSE:NZI Net Zero Infrastructure Plc


01/06/2023 07:51 PR Newswire (US) Net Zero Infrastructure Plc - Possible Acquisition and Suspension of Listing LSE:NZI Net Zero Infrastructure Plc






The NZI share price also bounced 32% from its post-suspension low.

TMOR in comparison has already been back from suspension for two and a half months.
(Coincidentally desuspending on the same day that NZI resuspended, i.e. 1st. June.)

[hedgehog 100] 12/8/2023 12:20

If a pair of proposed replacement directors has an exciting track record, then that alone could excite the market.

And the incumbents may feel that they have to deliver something tangible ahead of the vote to fight off strong challengers.

The incumbents will have an existing list of RTO candidates to choose from, from their work since TMOR listed, which can accelerate the process.

Which could perhaps be why they have used stalling tactics to delay the EGM, as they may believe that they unveil something in time.

It could all potentially make for a nice win-win situation for TMOR's share price, whoever wins.

[hedgehog 100] 10/8/2023 18:43

From TradingView.com:-

"MORE ACQUISITIONS PLC ORD GBP0.01"

"0.600GBXD +0.025 +4.35%"

"TMOR technical analysis"

"Summary Oscillators Moving Averages"

"Buy Buy Buy"

[hedgehog 100] 10/8/2023 18:01

From Investing.com:-

"More Acquisitions PLC (TMOR)"

"0.600 +0.025 +4.35%"

"TMOR Technical Analysis"

"Summary: BUY
Moving Averages: BUY Buy (7) Sell (5)
Technical Indicators: BUY Buy (4) Sell (2)"

[hedgehog 100] 07/8/2023 15:38

"Havinthelasttoast
Member since: 05 Jul 2023"
"502
Posts"



Well you don't actually instill confidence in yourself mate, looking at your posting history.


But if RM is so poorly regarded, then it follows that the current move to replace him at the forthcoming EGM should be successful.
Potentially resulting in a big share price uplift.

Either way, it's healthy to have a bit of competition for the two directorships at TMOR.
Whichever pair wants to be elected should have to make a compelling case as to why shareholders should vote for them.

[havinthelasttoast] 01/8/2023 11:51

Rod McIlree is a total snake.

Don’t have anything to do with any company he is involved with. Total scum bag. Ain’t that right rod!

[hedgehog 100] 31/7/2023 17:48

31/07/2023 17:32 UK Regulatory (RNS & others) More Acquisitions PLC Half-year Report LSE:TMOR More Acquisitions Plc

"Unaudited interim results for the period ended 30 April 2023

More Acquisitions plc ("More Acquisitions", "More" or "the Company"), is pleased to announce its unaudited interim results for the six months ended 30 April 2023 ("the Period").

Financial:

-- The Company recorded a loss of GBP360,481 and had cash balances of GBP782,250 at the end of the period on 30 April 2023.

Post Period:

-- The search for a suitable acquisition target resumed following the withdrawal of Megasteel Limited from the proposed RTO.

The Interim Report will shortly be available to view on the Company's website hxxp://www.moreacquisitions.co.uk/ ...

As laid out in the prospectus, the directors will receive no cash fees for their ordinary duties prior to completion of an acquisition. This policy, together with keeping other operating costs to a minimum, is designed to reserve the highest possible proportion of cash resources for investment in an acquired business and therefore helping to maximise the return on investment for all shareholders.

The company continues to search for an acquisition target and will be providing further updates concerning the acquisition search process in due course. ..."

[hedgehog 100] 26/7/2023 18:48

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The penny share market is showing some signs of excitement at the moment, with some big risers today.

Could TMOR be next?

Quite apart from its strong fundamentals, TMOR's chart has a quite a big gap to be filled above the current level of 0.575p, and it looks nicely primed for a strong move upwards.