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ITS Itsarm Plc

0.775
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Itsarm Plc LSE:ITS London Ordinary Share GB00BMXMR838 ORD GBP0.0025
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.775 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.775 GBX

Itsarm (ITS) Latest News

Itsarm (ITS) Discussions and Chat

Itsarm Forums and Chat

Date Time Title Posts
28/3/202413:29In the Style in the money? 26
14/9/202313:28In The Style Group1,507
15/3/202108:52In The Style Online Retailer2
10/5/200610:30THE INVESTMENT TRUST THREAD1
18/4/200409:51i2s4

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Itsarm (ITS) Most Recent Trades

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Itsarm (ITS) Top Chat Posts

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Posted at 11/8/2023 11:59 by phil1969
from another board, thoughts??

MMs short by at least 26m shares

Here is where the fun starts.

I have been scratching my head with the share price movement and patterns of trades since the court hearing on 26th, wondering with so little free float, how is this going to play out on the run up to official RTO target announcement. One thing is certain, no new shares have yet to be printed or even hinted at to the brokers.

I've downloaded all published trades since 21st July til last nights close.

Buy driven 128,028,719

Sell driven 113,671,064

Unknown 42,592,688 (30m of which traded between 8:44 and 12:42 on day ITS came back from suspension pushing prices from 2.8p to 5p with no published bid/offer. price settled at 3.5p by the time MMs were back publishing a bid/offer)

I estimated at least 27m of the unknown trades are buy driven. leaving 15m taken from the offer.

As of close yesterday I suspect MMs have sold to the market approx 26m more shares than they have received leaving them short more than the free float.

Using the share price for each trade, MMs are currently up around £800k but need to use some of this to balance books. If they can get the stock back for under 3.07p, they're in the black. If not, into the red. So they will aim to churn this stock as far under 3p as possible.

If new board don't issue new equity, there is definitely a short position bigger than the free float MMs need to convince holders to let go of shares.

If they don't, will MMs push themselves into a short squeeze with the help of more retail interest??
Posted at 09/8/2023 13:31 by phil1969
Classification: Ramp.


The price we are looking at today has no bearing on what went before: a company that no longer exists. A multi-million pound co that almost folded and the share price fell from £2.50 to 0.17p. Which is precisely why it can shamelessly shed 500% in a day or gain 1000%.

Mr market hasnt a clue.

But all that is irrelevant.

We don’t know what this company is about to become.

We know that we have new active ex-billion dollar co CEO / director(s) with excellent connections. We know a fair bit of history. We can now speculate on possibilities.

We know we are apparently taxiing along a new 60 day runway preparing for take-off to a higher altitude. Per RNS.

A medium company reversing into this could lead to an explosive re rate many times the current, now somewhat random, share price. (Btw only 50M shares). Mkcap less than 1M.

If/when a deal is announced. Big Things can happen in the blink of an eyelid.

So we may be witnessing a short trader spike right now. But will anyone holding want to risk missing the potential big one? Tough decision. Anticipation, given the chance, will likely take us into the foothills with gullies. One has to make that decision and then, if foolish/brave, ignore the volatility.

I Try not to be greedy - keep my holding below stress levels so as to keep my nerve. Spreads remain prohibitive to trading, though some will try.

Shell with negotiations announced and clues from market activity pre RNS all very positive.

I rate this as a rare and ‘speculiar ‘ opportunity.

There, I’ve jinxed it now.

GLA

author WaffenBurret
Price: 2.15
Posted at 31/7/2023 13:19 by phil1969
ITS doesn't need to raise cash. It's a shell. The new company may raise cash as part of the RTO but the price of that has nothing to do with the fundamentals of ITS Plc. ITS may be used as vehicle to raise cash but price is more about the new company. The equivalent share price for ITS holders could be anything between 1p and 1 pound. It depends on the share of the new company ITS stakeholders get.
Posted at 28/7/2023 13:11 by deltalo
ITS had its day for now, IOG potential for bond restructuring and a massive share price rectification. 2.7p to buy, share price has dropped from over 40p and now only valued at 14m mkcap for the newest uk gas producer. The company own their own processing plant/ pipeline and two gas platforms. Dyor and gl.
Posted at 26/7/2023 20:21 by phil1969
For those new to shells and RTOshttps://www.thearmchairtrader.com/why-cash-shells-are-becoming-more-valuable/Recent restrictive listing rule changes at the London Stock Exchange mean that existing cash shells and SPACS have become much more valuable. Effectively an RTO (reverse takeover) on both premium and standard segments must now be £30m or more. No more tiddlers, which will now have to consider alternative markets!Carried out properly and professionally cash shell deals remain one of the most exciting ways for the more speculative investor to experience 5x and sometimes 10x profits! But 'caveat emptor'.Although I cut my teeth in the city as an equity analyst at a leading broker, I have been fascinated by publicly quoted 'shells' since I was a writer on micro-caps at the FT and later as investment editor at the Telegraph group. That was some 40 years ago, when the 'shells' were so scarce that there was a very large premium over net assets per share payable in order to secure control.Some of the big conglomerates and market names of subsequent years were born out of a 'shell operation', as it was then known, and consequently they increased in number after the huge market swings of the early 1970s.I have been a founder or directly involved in some 34 'shell'/quoted vehicle ventures in my career in the financial and corporate world, spanning several countries. That's 12 in the UK, 14 in Australia, five in Canada and the US and two in Hong Kong. Obviously not all fared well, as shares are always subject to the vagaries of the investment horizon, but 70% could be classed as successful. There is presently a growing appetite to list using the 'shell' route, so much so they have been named SPACS (special purpose acquisition companies).The long-term benefits of being publicly traded or quoted are numerous and include higher company valuation, improved liquidity for shareholders, the ability to use paper in exchange for acquisitions and an incentive to offer or retain employees with publicly traded shares and/or option schemes. Moreover, having stock exchange quoted status brings with it more accountability and higher corporate governance standards which provide extra comfort for shareholders and other potential investors.Generally speaking, cash shell transactions usually take private companies to market more quickly and cheaply than from perhaps a macro or black swan event.The shell's business is not to everyone's taste or satisfaction, however, as along with the notable success stories there have also been come spectacular failures and over the years many 'shellmeisters' have come and gone.Unquoted cash shells: what are they?Listing admission costs on AIM, LSE and AQUIS exchanges are unnecessarily expensive, arguably a waste of valuable funds and little liquidity once quoted.There is also a minimum £6m cash needed on AIM, post listing placement restrictions on Standard and substantial minimum £30m deal size on Premium admissions.But why list a start up quoted shell at all? An unquoted shell has many more advantages!Investors typically buy shell shares for the contemplated uplift in the value of the shares post a reverse take-over (RTO) so it follows that there would seem little argument for selling one's shell shares before the reverse acquisition transaction takes place.Bearing in mind that RTO costs are substantial and ongoing mandatory sponsorship fees onerous, it begs the question as to why pay for substantial prospectus and other issuing costs before the main deal? It is an effective duplication of expenses which seems unnecessary when an alternative service is readily available on a 'matched bargain' platform.An unquoted platform admission costs could only be circa £10,000 (based on 5 % fee) on a cash shell admitted with a minimum of only £200k cash subscription. They can be simple limited companies with model articles of association. They are lightly regulated via a simple one page investment strategy message and a share subscription letter with no requirement for a minimum number of shareholders. There are also no immediate dealing disclosure requirements for the founder directors. The newly formed company just needs an ISIN number and a Crest account facility for share settlements, both of which are part of the unquoted service.The capital base of the shell can be topped up at anytime by a private placement letter preceding an RTO and/or the issue of share options. This would be to incentivise the people who source the deals and take responsibility for the main post RTO capital raisings.Summarising, an unquoted cash shell is a commercially practical method of avoiding the unnecessary duplicative costs of starting a shell on the public markets. In short there is only one prospectus needed...not two!JP JENKINS, the oldest established unquoted share trading platform can provide unquoted cash shells to suitable candidates.
Posted at 26/7/2023 13:18 by bmwman3
For newcomersWondering why the rise. Posted earlier but will be lost to necomers. I have been involved in many shell companies, I used to make a point of buying and holding for a decent payday. Depending on how the new share capital is structured, you can make a killing or at worst, come out of it with what you put in. Its all about the financing, new share allocation and what slice of the new company existing shareholders will receive. You can reverse almost any size business into an existing listing and existing shareholder will receive a slice of the new company. One of the new ITS directors is David Craven, he is the CEO of a multi-billion lottery company called Allwyn who last September won the right to run the UK national lottery. Allwyn was about to reverse into a NASDAQ SPAC (also called blank cheque company, same as UK listed Shell company) but pulled the deal 2 days after winning the UK National Lottery and as part of that deal purchased Camelot. The speculation here is that Allwyn would prefer to be listed in London and ITS is the vehicle they will use for a quick listing. https://www.linkedin.com/in/david-craven-21008b40/ Check out the timeline of these announcements: https://www.spacinsider.com/news/nick-clayton/cohn-robbins-secures-260m-backstop-for-allwyn-deal https://www.spacinsider.com/news/nick-clayton/cohn-robbins-crhc-termiantes-allwyn-deal https://www.allwyn.co.uk/insights/allwyn-to-operate-uk-national-lottery-from-february-2024 https://www.tomharris.org.uk/bookmakers/allwyn-confirms-camelot-takeover-what-can-lottery-fans-expect/ If this goes ahead, ALLWYN would reverse into ITS and from experience, on a deal of this magnitude, existing ITS shareholders would become anywhere between 0.1% and 2% holders of the enlarged share capital. Last valuation of ALLWYN when reversing into CRHC in Sept 2022 was £8.8bn, this could value ITS somewhere between £8m - £176m (£0.15 - £3.35) I doubt they would give £176m of the company away but you never know who has been buying up shares in ITS. You can call this a ramp but I'm just trying to pass on 20 years of experience of RTOs I've also got HWC shares who have been in RTO for years and nothing seems to have moved forward and INFT. So it doesn't always work out but looking at these directors, they're on a mission.
Posted at 26/7/2023 13:14 by phil1969
from ii

I have been involved in many shell companies, I used to make a point of buying and holding for a decent payday.

Depending on how the new share capital is structured, you can make a killing or at worst, come out of it with what you put in.

Its all about the financing, new share allocation and what slice of the new company existing shareholders will receive.

You can reverse almost any size business into an existing listing and existing shareholder will receive a slice of the new company.

One of the new ITS directors is David Craven, he is the CEO of a multi-billion lottery company called Allwyn who last September won the right to run the UK national lottery.

Allwyn was about to reverse into a NASDAQ SPAC (also called blank cheque company, same as UK listed Shell company) but pulled the deal 2 days after winning the UK National Lottery and as part of that deal purchased Camelot.

The speculation here is that Allwyn would prefer to be listed in London and ITS is the vehicle they will use for a quick listing.



Check out the timeline of these announcements:









If this goes ahead, ALLWYN would reverse into ITS and from experience, on a deal of this magnitude, existing ITS shareholders would become anywhere between 0.1% and 2% holders of the enlarged share capital.

Last valuation of ALLWYN when reversing into CRHC in Sept 2022 was £8.8bn, this could value ITS somewhere between £8m - £176m (£0.15 - £3.35)

I doubt they would give £176m of the company away but you never know who has been buying up shares in ITS.

You can call this a ramp but I’m just trying to pass on 20 years of experience of RTOs

I’ve also got HWC shares who have been in RTO for years and nothing seems to have moved forward and INFT. So it doesn’t always work out but looking at these directors, they’re on a mission.
Posted at 25/7/2023 14:06 by bmwman3
The 400% rise is putting off the untrained. A week ago the company was priced to delist and offer shareholders nothing. The mcap was under £100k and now it's still only £500k. 400% of virtually zero value is still virtually nothing. Shell companies with high likelihood of RTO are only worth what the management are likely to reverse in. There are plenty of shells with poor prospects sitting with £5m-10m mcaps which is 10-20 times higher than where ITS sits today. Even ICON the share printing machine with 46bn shares in issue and riddled in debt and no prospects has an mcap over £1m Just goes to show the potential you're sitting on as an ITS shareholder.
Posted at 05/6/2023 11:06 by tomboyb
Itsarm PLC Proposed Compulsory Liquidation
05/06/2023 11:05am
UK Regulatory (RNS & others)

Itsarm (LSE:ITS)
Intraday Stock Chart

Monday 5 June 2023

Click Here for more Itsarm Charts.
TIDMITS

RNS Number : 6638B

Itsarm PLC

05 June 2023

For immediate release

5 June 2023

Itsarm plc

Proposed Compulsory Liquidation

Itsarm plc (AIM: ITS) ("Itsarm" or the "Company" ) announces that, further to the announcement on 26 May 2023, the Company's directors have assessed the solvency of the Company and concluded, in consultation with their advisers, that steps should be taken for the Company to enter compulsory liquidation.

The directors consider that, taking into account the Company's contingent and prospective liabilities, there is a significant risk that creditors of the Company would suffer detriment if the Company was not placed into a formal insolvency procedure immediately.

A creditor's voluntary liquidation ("CVL") is not considered appropriate for the Company, given the material risk that, if a special resolution was put forward for the Company to be wound up and liquidators appointed as part of a proposed CVL, a similar outcome would arise to that in relation to the member's voluntary liquidation proposed at the adjourned general meeting of the Company on 26 May 2023. Such an outcome would mean that the Company would be forced to continue to trade and incur the costs of an unsuccessful CVL proposal, which would likely be detrimental to the Company's creditors.

Accordingly, the directors have resolved to make a petition to the High Court that the Company be wound up. A further update will be made in due course regarding the timing of the hearing for such petition and any subsequent order to wind up the Company.

Enquiries:


Itsarm plc via Hudson Sandler
Jim Sharp, Director
Richard Monaghan, Director
Hudson Sandler +44 (0)20 7796 4133
Alex Brennan itsarmplc@hudsonsandler.com
Ben Wilson
Liberum Capital Limited (Nomad and Broker)
Clayton Bush
Scott Mathieson
Miquela Bezuidenhoudt +44 (0)20 3100 2000

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on
Posted at 01/2/2023 06:31 by golden number
Simply Wall St
Wed, 1 February 2023 at 5:04 am GMT
In this article:

ITS.L
+9.93%

Investors who take an interest in In The Style Group Plc (LON:ITS) should definitely note that insider Naimur rahman recently paid UK£0.075 per share to buy UK£262k worth of the stock. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for In The Style Group

In The Style Group Insider Transactions Over The Last Year
In fact, the recent purchase by Naimur rahman was the biggest purchase of In The Style Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is UK£0.077. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for In The Style Group share holders is that an insider was buying at near the current price. Naimur rahman was the only individual insider to buy shares in the last twelve months.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume
In The Style Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership Of In The Style Group
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that In The Style Group insiders own 28% of the company, worth about UK£1.2m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At In The Style Group Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Insiders likely see value in In The Style Group shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling
Itsarm share price data is direct from the London Stock Exchange

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