Ab Dynamics Share Discussion Threads

[alphabeta4] 07/6/2019 13:02

Can anyone see their open offer shares yet on their platform? Still can't see how many got on this and the excess.

[albie two shoes] 03/6/2019 10:17

I've been holding free shares for a while now, having first bought here in the 500's and then clawed back my original investment. I bought again in the 1200's and have just added more this morning to go with my extra shares in the placing. Buys seem to showing as sells today.

Good luck everyone.

A2S

[discodave4] 29/5/2019 22:43

Some recovery today.

[melody9999] 27/5/2019 22:35

Well done EC. I held lower down but sold. Then got lucky with my timing with e re-entry at 1660p...and I commented then that I had decided to 'pay up'! Its been one way traffic since then.

[cleaninsight] 25/5/2019 08:58

To think EC you were one of the first posters on this forum.

[cleaninsight] 25/5/2019 08:54

I reckon we might know as soon as the month end who they are aquiring

[effortless cool] 23/5/2019 12:27

Thanks, Martin. My average price was 314p, so I am very happy with ABDP.

[shanklin] 23/5/2019 08:40

EC, Assuming you have held them for a while... ...very well done.

[effortless cool] 22/5/2019 22:47

This is insane! I have sold down my holding to 15,000 shares but am now sitting back and enjoying the ride.

[gr1982] 22/5/2019 20:58

This rise seems like somethings happening in the background. That MG fella on twitter might be hinting at a acquisition in the pipeline

or he could be talking out of his backside! tiume will tell

Lets hope we dont get too much of a retrace when we do get it

[jbongo] 22/5/2019 20:11

Damn. Thanks anyway. I'll just have to hope for a temporary dip at some point so I can add more!

[glaws2] 22/5/2019 19:42

You won't any shares I'm afraid

"Basic Entitlements will be rounded down to the nearest whole number of Ordinary Shares"

[jbongo] 22/5/2019 19:37

I have an account with fidelity and bought 40 of these shares a few months ago (wish I'd bought more, but easy to say now eh!)

I got the email about the placing saying:


"Corporate action : Open Offer Issue Entitlements
AB Dynamics plc has announced a proposed Placing and Open Offer to raise estimated gross proceeds of £50.1 million. The proposals are subject to shareholder approval at a General Meeting due to be held on 6 June 2019.
Shareholders will receive 1 open offer entitlement share for every 86.5021363 ordinary shares held on 17 May 2019. The issue price will be £22 per share. You will be able to find out more information about the event in the circular."


As I only have 40 shares, will I be able to buy roughly half a share in the placing? And how would I actually to about it? They don't say in the email.

Thanks

[discodave4] 22/5/2019 17:26

Phenomenal.Doubt this will fall to placing price, which is usually the norm.

[ny boy] 22/5/2019 15:38

Weak £ obviously helping here, after placing

[glaws2] 22/5/2019 12:55

The record date is close of business on 17th

[hopperagain] 22/5/2019 11:55

I sold a 1/3 of my holdings on 17th May with AJ Bell SIPP .....

Does the Open Offer apply to holders at end of the trading day 17th May or at the start of the day?

17/05/19 12.57
Deal date
AIMX 503 £24.4755 £12,311.18 GBP

Dealing charge £9.95
PTM levy £1.00
_____________

Total credit £12,300.23
AB DYNAMICS PLC ORD GBP0.01

This transaction is in respect of AIM securities.
Such securities are not admitted to the official list.
AIM is a market for emerging or small companies.
We have sold for you as agent
GBP
GBP


GBP

[glaws2] 21/5/2019 12:26

Yes you get 11 shares per 1000; you can apply for any number in the excess although in reality you won't get many

[alphabeta4] 21/5/2019 12:14

Am I right in thinking if you have say 1000 shares you get 11 shares and an excess entitlement up to 11?

[cleaninsight] 21/5/2019 09:00

I expect we will be hearing news of an acquisition or JV any time soon.

[paulisi] 20/5/2019 08:14

Looks like I got my profit at the right time.Placing at a reduced price, to fund acquisitions.Expect price to settle around 2350 and then slowly rise again once the add one come in.

[hydrogen economy] 20/5/2019 07:41

ABDP issuing shares equivalent ~10% of Mkt Cap. This would normally be expected to hit the share price at open, with ABDP having run up so fast it is hard to say. It could be a good chance to top-up






AB Dynamics plc- Proposed Placing to raise up to £45.1 million via an accelerated bookbuild and Proposed Open Offer to raise up to £5 million



AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products for the global automotive market, is pleased to announce that it is proposing to raise up to approximately £50.1 million, before expenses, by way of a Placing of up to £45.1 million and an Open Offer of up to £5 million (the "Transaction") at a price of 2200 pence per share (the "Issue Price"). The net proceeds of the Transaction will allow the Group to pursue its stated strategy for growth

[steptoes yard] 19/5/2019 10:18

hxxps://www.abdynamics.com/en/investors-area/aim-rule-26

I cannot give financial advice but it is a fact that Ant Best and his mrs own c30%.

[ecoover] 19/5/2019 10:04

Steptoes
Can you elaborate on this .

[steptoes yard] 19/5/2019 09:50

Tightly held.