Abal Share Discussion Threads

[yorgi] 26/7/2019 10:24

Well are we going to get an announcement before the deadline.

[still waiting] 18/7/2019 12:03

been a while but increasing interest..

new free 50 coin link in header

[stark industries] 18/7/2019 10:19

Accumulation going on here for sure.
MMs drop the bid for sells to come through to fill back ground buyer(s)
Not much stock being drip fed in the market !
Bodes well for NEWS

[yorgi] 17/7/2019 17:59

Interesting, perhaps there is about to be a release of some good news as days are running away rather quickly now....

The 24th June RNS indicated the probable direction the company would be taking so hopefully they are just dotting the i’s and crossing the t’s on the paperwork before we get the long awaited RNS.

It will be interesting to see how the market reacts to that trade tomorrow.

[pilkersa] 17/7/2019 17:19

Better be. Its been sleepier than a care home here recently......

[still waiting] 17/7/2019 16:42

looks like they've been accumulating that for a while...

is it time for this to wake up now ?

[stark industries] 17/7/2019 16:37

News on reverse must be very close

[stark industries] 17/7/2019 16:36

Nice 2.3 million buy

[delboy99] 03/7/2019 09:49

1 share buy news?

[godolphin] 28/6/2019 11:35

We should hear about the complicated "post completion consideration" soon, since the end of June is the final date for whatever! Could be CAD$800k. probably a bit less, experience says people will try to get away with paying as little as possible. I don't know exactly how much was in the kitty before the sale. An update would be nice!

[yorgi] 26/6/2019 12:38

Interesting all makes sense Godolphin well spotted Stark and thanks for posting.

Hopefully we won't have much longer to wait to find out what is being worked on whatever it is.

Present share price should be pretty much supported by cash.

[godolphin] 26/6/2019 11:54

Looks like a possibility and may explain why they didn't want to name the advisor since the connection will be clear and they may have to suspend until the deal is done.

[stark industries] 26/6/2019 09:40

Looks like when this RTO goes official the current M Cap will go through the roof

GLA

[stark industries] 26/6/2019 09:38

Read again :

FPG's investee company TAG has been valued by an international firm of accountants at €75 million.

[stark industries] 26/6/2019 09:36

In September 2018 the Company invested €111,100 in an 8% bond in Finance Partners Group SPA
("FPG"). The Company has since reviewed a number of capital raising and investment opportunities
with FPG and has now agreed, subject to the conditions below, to proceed with a further investment
in FPG.
FPG is an Italian financial services company that, among other things, takes minority stakes in private
companies seeking future listings on public markets. It currently has shareholdings in two such
investee companies - The Avantgarde Group ("TAG") a fast growing fintech company, and We Arena
("WE"), a digital media gaming company.
IW Equity Partners Ltd ("IWEP") is a company connected to Eight Capital Partners' Chairman Dominic
White. IWEP owns a receivable of €4 million from FPG resulting from a sale of TAG shares to
FPG. IWEP has the right to convert the receivable into equity in FPG.
Eight Capital Partners has agreed to acquire half of the receivable asset from IWEP for a
consideration of €2 million with the right to convert it into FPG's equity. The Company will have an
option to acquire the remainder of the receivable from IWEP at the same price in the following six
months which it will also have the right to convert into FPG equity. This would result, if converted,
in a minority equity investment in FPG.
A shareholders' agreement will be signed between FPG and Eight Capital Partners to protect Eight
Capital Partners' position. As a further level of protection, Eight Capital Partners aims to sign an
option to acquire an additional tranche of FPG equity from that company's shareholders within the
following 12 months, which, if exercised would take the Company's shareholding to in excess of
50%.
FPG's investee company TAG has been valued by an international firm of accountants at €75 million.
Management have valued WE at €5 million. The value of the receivable from, and potential equity
holding in FPG would be greater than the acquisition price of the receivable at closing. TAG is in the
process of obtaining a stock market listing in a prominent European market. WE is in pre-IPO growth
phase and is expected to seek a listing in a comparably prestigious jurisdiction and exchange in
2020. The proposed strategy is for FPG to list these two subsidiaries, liquidate or redeem the shares
and return profits to its shareholders, including Eight Capital Partners, then repeat with other
companies.

[stark industries] 26/6/2019 09:30

I think you all need to look into 8 Capital's website under the recent AGM notification dated 13th June 2019 and i believe you will find the answers there regarding ABAL's FINTECH RTO
Seems like its all there in black and white :)
i have not pasted the whole RNS but just the relevant snippets to dot connect :-



RNS Number : 1252C
Eight Capital Partners PLC
13 June 2019
Eight Capital Partners plc
("Eight Capital" or the "Company")
Notice of AGM
Eight Capital Partners plc announces that it has today posted the notice of Annual General Meeting
("AGM") to shareholders, to be held at 10.30am on 9th July at the offices of Cairn Financial Advisers
LLP, Cheyne House, Crown Court, 62-63 Cheapside, London, EC2V 6AX.

In September 2018 the Company invested €111,100 in an 8% bond in Finance Partners Group SPA
("FPG"). The Company has since reviewed a number of capital raising and investment opportunities
with FPG and has now agreed, subject to the conditions below, to proceed with a further investment
in FPG.
FPG is an Italian financial services company that, among other things, takes minority stakes in private
companies seeking future listings on public markets. It currently has shareholdings in two such
investee companies - The Avantgarde Group ("TAG") a fast growing fintech company, and We Arena
("WE"), a digital media gaming company.
IW Equity Partners Ltd ("IWEP") is a company connected to Eight Capital Partners' Chairman Dominic
White. IWEP owns a receivable of €4 million from FPG resulting from a sale of TAG shares to
FPG. IWEP has the right to convert the receivable into equity in FPG.
Eight Capital Partners has agreed to acquire half of the receivable asset from IWEP for a
consideration of €2 million with the right to convert it into FPG's equity. The Company will have an
option to acquire the remainder of the receivable from IWEP at the same price in the following six
months which it will also have the right to convert into FPG equity. This would result, if converted,
in a minority equity investment in FPG.
A shareholders' agreement will be signed between FPG and Eight Capital Partners to protect Eight
Capital Partners' position. As a further level of protection, Eight Capital Partners aims to sign an
option to acquire an additional tranche of FPG equity from that company's shareholders within the
following 12 months, which, if exercised would take the Company's shareholding to in excess of
50%.
FPG's investee company TAG has been valued by an international firm of accountants at €75 million.
Management have valued WE at €5 million. The value of the receivable from, and potential equity
holding in FPG would be greater than the acquisition price of the receivable at closing. TAG is in the
process of obtaining a stock market listing in a prominent European market. WE is in pre-IPO growth
phase and is expected to seek a listing in a comparably prestigious jurisdiction and exchange in
2020. The proposed strategy is for FPG to list these two subsidiaries, liquidate or redeem the shares
and return profits to its shareholders, including Eight Capital Partners, then repeat with other
companies.
Settlement of the IWEP Acquisition would be effected through a combination of the Company's
equity (up to a maximum of 29.9% of the issued ordinary share capital), and, a bond that would be
offered to a wider group of investors on the same terms. The exact combination of securities will
depend on several factors including the Company's ability to issue equity at the time of
closing. Should the Company not be able to issue equity it would issue a three-year convertible loan
note yielding 5% per annum. The price of conversion shall be the 5-day Volume Weighted Average
Price of the Company's shares at settlement.
The Board believes that the advantage of this transaction to Eight Capital Partners is as follows:
- If the receivable is converted into FPG equity, the investment provides
equity exposure to FPG and two of its subsidiaries that are expected to be
listed and provide a liquid exit.
- The pricing of the investment is considered attractive compared to the
estimated valuation of TAG, WE and FPG.
- The portfolio of assets managed by Eight Capital Partners will increase
significantly without having to fund acquisitions with cash, which may be
difficult to raise currently.
- The market capitalisation of the Company will increase which may help
to generate more liquidity in the Company's shares over time.
- Through successfully executing transactions such as this and creating
scale and more substance in the portfolio, there is the expectation that
Eight Capital Partners will become more attractive to investors, enabling
the Company to raise more capital and acquire other interesting assets in
exchange for cash and or its securities.
Mr Dominic White, a director of the Company, is connected to IWEP Limited. As a result, completion
of the IWEP Acquisition is conditional on the passing of this Resolution under Section 190 of the Act
as it is deemed to be a substantial property transaction. The transaction is subject to completing
contract negotiations.
Resolution 7
Resolution 7 seeks approval for a future share consolidation.
As at 12 June 2019 (being the latest practicable date prior to the publication of this document), the
Company had 633,257,818 ordinary shares of 0.01 pence each in issue ("Existing Ordinary Shares").
The Directors consider that it is in the best interests of the Company's long-term development as a
public quoted company to have a more manageable number of issued ordinary shares and to have a
higher share price.
Accordingly, it is proposed that the Company's share capital be reorganised such that:
every 100 Existing Ordinary Shares be consolidated into
1 new ordinary share of 1 penny ("New Ordinary Shares").
As all of the Existing Ordinary Shares are proposed to be consolidated, the proportion of ordinary
share holdings in the Company held by each Shareholder immediately before and immediately after
the Consolidation will, save for fractional entitlements which will be dealt with in accordance with the
Company's articles, remain unchanged.
The Company will announce a timetable for the proposed consolidation in due course.
Resolution 8
Resolution 8 authorises the Board to allot and issue shares in the Company or grant rights to subscribe
for or to convert any securities into shares in the Company up to 7,500,000,000 Ordinary Shares on a
pre-consolidated basis, such authority to expire at the next AGM or fifteen months after the passing
of this resolution, whichever date is the earlier. This represents a renewal of the Company's current
authorities. It allows the Company to raise further funds, noting its relatively small market
capitalisation, to make further investments.
Subject to the passing of Resolution 8, the Company is also proposing the following Special Resolution
at the AGM:
Resolution 9
The Companies Act 2006 (the "Act") requires that any equity securities issued for cash must first be
offered to existing shareholders pro rata to their holdings unless approval is obtained by special
resolution to dis-apply this requirement. It is proposed that this authority also be renewed for the
same period as the authority under Resolution 9. In order to retain flexibility to raise further capital
quickly to meet its funding requirements under its current projects as well as to be able to take
advantage of prospective new projects, the Company is seeking disapplication of pre-emption rights.
Resolution 10
Resolution 10 seeks authority for the Company to make market purchases of up to 94,988,673 of its
own Ordinary Shares (on a pre-consolidated basis), representing approximately 15% of the Existing
Share Capital. The resolution specifies the minimum and maximum prices which may be paid under
this authority. This power will only be used if the Directors consider that to do so would be in the best
interests of Shareholders generally and would increase the earnings per share or Net Asset Value of
those Ordinary Shares that are not re-purchased. Any such shares would be cancelled or held in
treasury.
Resolutions 1-8 require over 50% voting in favour to be passed. Resolution 9-10 requires 75% to vote
in favour to be passed.
Disclosures
Mr Dominic White, a director of the Company, is connected to IWEP Limited. As a result, the IWEP
Acquisition, should it complete, would be a related party transaction.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No
596/2014 ("MAR"). Prior to publication, certain information contained within this Announcement was
deemed to constitute inside information for the purposes of Article 7 of MAR.
The directors of the Company take responsibility for this announcement.
Eight Capital Partners plc
Dominic White
John Treacy

[still waiting] 24/6/2019 17:33

I would guess they must be a fair way on for today's RNS.

[cyberbub] 24/6/2019 17:11

Looks interesting here... So the market cap is only just about at the cash level, plus plenty of tax losses?Of course in an RTO it's uncertain what the existing shareholders will get. A company RTOing into ABAL with a notional market cap of £10m doesn't mean that the existing ABAL shares will suddenly be worth 10p! It all depends what deal is done. It may well be that the bigger company wants to hold 80% of the shares in the new listing (after all it's their company!), ie. there will be an additional 400m shares issued - in which case the share price will jump to 'only' 2p... Assuming that Mr Market does in fact value the new listing at £10m... Which he might or might not.Still it seems a decent risk at £850k market cap, *if* an RTO takes place - they only have 5 weeks left to agree one... Otherwise the share is suspended.No advice intended etc

[still waiting] 24/6/2019 13:03

If they have been discussing final management roles then we may not have to wait too long to see the target and who the mystery individual is..

Exciting times now traders out.

[still waiting] 24/6/2019 12:24

Is our new guy a well known person or just a mediator for new fintech directors coming aboard ?

[godolphin] 24/6/2019 12:21

May be able to make use of the £15m brought forward loss? A good deal for the target if it's a newish company - AIM listing and nice tax position and ABAL pays the costs.

[stark industries] 24/6/2019 12:03

Fintech meaning ???At its core, fintech is utilized to help companies, business owners and consumers better manage their financial operations, processes and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones. Fintech, the word, is a combination of "financial technology".Block Chain ?

[pilkersa] 24/6/2019 11:55

Haha read it a while back on the bou lse thread.... Invested in both any way.....

[godolphin] 24/6/2019 11:51

pilkersa - where did you read that? Don't post that on the BOU thread or your get death threats. lol.