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PPHP Papillon Holdings Plc

1.325
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Papillon Holdings Plc LSE:PPHP London Ordinary Share GB00BYZC5R04 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.325 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 1.325 GBX

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Date Time Title Posts
28/8/202106:42Papillon - One to watch106

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Posted at 28/8/2021 06:42 by lowtrawler
According to the prospectus they are targeting a £14m capital value and so 1p per share. I think that's optimistic but they will be very thinly traded and so a true price may take some time to establish.
Posted at 20/7/2021 08:40 by encarter
Looking like we will be back at 1p a share. Hopefully it will 10 bag on the first day.
Posted at 19/1/2021 16:49 by encarter
Update on the sale of KilimapesaGoldplat plc ("Goldplat"), the AIM quoted gold producer, with international gold recovery operations located in South Africa and Ghana and an a held for sale underground mining operation in Kenya, is pleased to provide an update on the sale of Kilimapesa.As announced on 31 July 2020, it has been conditionally agreed by Goldplat's subsidiary Gold Mineral Resources Ltd ("GMR") to sell Kilimapesa to Mayflower Capital Investments Pty Limited ("Mayflower") for an initial consideration of USD1,500,000 to be satisfied by the issue of shares to that value in Mayflower and that Mayflower has separately entered into an agreement under which it will assign its rights and obligations under the term sheet to Papillon Holdings plc (LSE: PPHP) ("Papillon"), which is listed on the standard segment of London Stock Exchange and which will, subject to the appropriate regulatory and shareholder approvals, seek to complete the acquisition and raise a minimum USD4,000,000 of funding for the development of Kilimapesa's operations.The terms of the agreement between the Company's subsidiary, Gold Mineral Resources Pty Limited ("GMR") and Mayflower are subject to a number of conditions precedent including the completion of due diligence being conducted by both Mayflower and GMR, the receipt of all necessary approvals, the finalising of formal agreements and the raising of equity by Papillon of at least USD4,000,000.As announced on 1 October 2020, the term sheet was extended to 31 December 2020 based on certain conditions. The parties have now agreed to extend the term sheet and exclusivity period again, from 31 December 2020 to 28 February 2021. The value of the consideration shares to be issued has been increased from USD1,500,000 to USD1,750,000, and an option that can be exercised by Mayflower has been included for considerationto be paid in cash of USD1,500,000 rather than shares. The extension is also dependent on Papillion creditor deeds being executed by 15 January 2021, a majority of Papillon shareholders confirming pre-approval of the proposed reverse takeover by 20 January 2021 and GMR to being put in a position to complete due diligence by 25 January 2021.To date, from signing of initial terms Mayflower has supported Kilimapesa with a subordinated loan of USD400,000 and has committed to support Kilimapesa with a further USD100,000, if required, before completion of transaction.Werner Klingenberg, CEO of Goldplat commented: "Both parties are encouraged with the steady progress made, albeit slower than originally expected, due to delays outside both parties control and Goldplat remains confident in noMayflower's ability to complete transaction. We continue to receive the benefit of the Mayflower management team at 
Posted at 07/9/2020 16:49 by encarter
I don't need to trust Tatnall to make money but if you consider it a condition of owning shares in a company then why did you buy PPHP? There is no reason why any placing can't be done at 1.5p or even 15p for that matter. I have doubled my money many times when buying cash shells and am hoping to do the same here but only time will tell.
Posted at 03/9/2020 18:11 by ianbag
Quite correct to trust no one - but the maths is that if the opportunity is a good one the acquisition price will reflect that, yes the vendor is essentially reversing the asset into PPHP but the placing to fund the advancement to production will likely require millions, there is no cash left in PPHP, so they will likely raise a couple of million at least. The shares we all currently have are probably worth about 0.1p per share, if we are lucky. To benefit in any future gains we will need to subscribe for placing shares. The number of shares issued will be many multiples of current issued number.
So if it comes down to trust - do you trust Tatnall & co?
Posted at 03/9/2020 10:20 by encarter
Sorry I don't trust anyone on ADVFN but even Hugh dilution is fine as long as the share price goes up.
Posted at 30/5/2017 19:12 by cromarty
See the above link for the hilarious statement from Papillon about My Club betting.

MCB lost £4,000,000 last year and is a complete pile of sh..t

PPHP must have finally woken up.
Posted at 08/3/2017 13:32 by cromarty
But I had no idea about the background to the company which has been revealed by this ­investigation.

“In view of the revelations about Worldlink I cannot continue to promote the My Club Betting site and I will be giving up my shares.”

Riches’ earlier scheme left thousands of investors nursing huge losses in the wake of its liquidation.

Documents obtained by The Sun show Worldlink Group PLC creditors are owed £4.3million.

Two county court judgments against it are still outstanding, totalling £117,000.

Riches claims My Club Betting is due to launch on Europe’s Nasdaq (First North) stock exchange at a £10 share price with a value of £75million.

But fuming Worldlink creditors have urged others not to put money into the new venture.
Posted at 12/12/2016 11:32 by cromarty
Myclubbetting.com Limited is a reincarnation of Worldlink Group plc which listed on the Standard list (surprise) in late 2011 at a share price of £2.50 and was in liquidation a year later with over £4 million of debts and the shares suspended down at 8p. Its performance, however, clearly merited a bonus of over £1 million to its CEO, Neil Riches!

Upon liquidation, the assets were acquired by the CEO and others for £180,000 plus a future potential revenue share and that company is now called Myclubetting.com.

It enables local sports clubs to run betting services; however, this is a hugely competitive market. It was so when Worldlink went bust 4 years ago and is even more so now with recent consolidation in the online sports betting market.

On the plus side, it has had some recent press as Sam Allardyce, one of its brand ambassadors, had to step down from the role on taking on the England manager role. I guess all publicity is good publicity, right?

The recent abbreviated accounts of Myclubbetting.com Limited for the year to 30 April 2015 show losses to date of £2.7 million. I am interested to see more up-to-date financial information in the forthcoming prospectus but would be very surprised if the business is profitable at the moment or will be in the near-term.

By now, Papillion will have less than £700,000 in cash and once costs of the RTO are taken into account, it is highly likely that it will need to raise further funds to fund Myclubbetting.com. I can’t fathom why third parties will provide additional funding for a business and a management team that took a very similar business into liquidation a few years ago. Guess this is the Sub-Standard List though so anything is possible.

I feel for the shareholders locked in here as I reckon the share price is only going one way, as and when it comes out of suspension. I’ll review further once the prospectus comes out with a more definitive view on the RTO.



- See more at: hxxp://www.shareprophets.com/views/23633/papillon-holdings-a-shocking-deal-even-by-the-sub-standard-shockers-xi-standards#sthash.IFE8eVHR.dpuf
Posted at 13/11/2016 09:58 by cromarty
I first wrote about Papillon Holdings (PPHP) when it joined the Sub-Standard List back in June (HERE) assessing whether it was “fit” enough for the squad. Well, I had no reason to worry as a mere three months later, it has issued an appalling RNS which will have the inevitable disappointing long-term consequences for shareholders.

As a reminder, Papillon is one of the many sub-scale investment companies with limited funds and was established to make an acquisition in the industrial and services sector which, I noted at the time, was previously was pretty wide.

Yesterday it announced that it was:

“…pleased to inform shareholders that it has signed non-binding Heads of Terms to acquire the entire issued share capital of myclubbetting.com Limited, a specialised betting and gaming related business, for new shares in the Company (the "Acquisition"). The Acquisition, if completed, would result in Papillon shareholders having a minority interest in the enlarged group (the "Group").”

As a potential RTO, the shares were suspended yesterday at 1.325p giving a market cap of £1.75 million and shareholders are now locked in.

So what are my concerns?

First, although the investment policy was drawn as broadly as possible I still think it is pushing it to make an investment in an online betting company particularly as the admission document pushed the energy and resources experiences of the Board of Directors; however, I imagine if pressed on this point, it would argue that it squeezes into the definition of the “entertainment” sub-sector of the “services̶1; sector.

Nevertheless, it still feels a bit disappointing.

More importantly though is my concerns with the deal itself.

Myclubbetting.com Limited is a reincarnation of Worldlink Group plc which listed on the Standard list (surprise) in late 2011 at a share price of £2.50 and was in liquidation a year later with over £4 million of debts and the shares suspended down at 8p. Its performance, however, clearly merited a bonus of over £1 million to its CEO, Neil Riches!

Upon liquidation, the assets were acquired by the CEO and others for £180,000 plus a future potential revenue share and that company is now called Myclubetting.com.

It enables local sports clubs to run betting services; however, this is a hugely competitive market. It was so when Worldlink went bust 4 years ago and is even more so now with recent consolidation in the online sports betting market.

On the plus side, it has had some recent press as Sam Allardyce, one of its brand ambassadors, had to step down from the role on taking on the England manager role. I guess all publicity is good publicity, right?

The recent abbreviated accounts of Myclubbetting.com Limited for the year to 30 April 2015 show losses to date of £2.7 million. I am interested to see more up-to-date financial information in the forthcoming prospectus but would be very surprised if the business is profitable at the moment or will be in the near-term.

By now, Papillion will have less than £700,000 in cash and once costs of the RTO are taken into account, it is highly likely that it will need to raise further funds to fund Myclubbetting.com. I can’t fathom why third parties will provide additional funding for a business and a management team that took a very similar business into liquidation a few years ago. Guess this is the Sub-Standard List though so anything is possible.

I feel for the shareholders locked in here as I reckon the share price is only going one way, as and when it comes out of suspension. I’ll review further once the prospectus comes out with a more definitive view on the RTO.





- See more at: hxxp://www.shareprophets.com/views/23633/papillon-holdings-a-shocking-deal-even-by-the-sub-standard-shockers-xi-standards#sthash.sVxX85OC.dpuf
Papillon share price data is direct from the London Stock Exchange

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