Abal Share Discussion Threads

[stark industries] 04/9/2019 18:30

Dated 1st Aug 2019

[godolphin] 16/8/2019 12:41

Looks good. I was off-grid when they got suspended so I had a surprise when I went on-grid again! No matter, but wanted to buy a few more. TAG looks ideal for RTO, so lets hope that is the one.

[stark industries] 16/8/2019 11:23

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
investee companies, liquidate or redeem the shares and return profits to its shareholders, including
Eight Capital Partners, then repeat with other companies.

[stark industries] 16/8/2019 11:21

RNS Number : 1424I
Eight Capital Partners PLC

7 August 2019

Eight Capital Partners plc
("Eight Capital" or the "Company")
Acquisition of €2 million receivable


Eight Capital Partners plc is pleased to announce that it has completed the acquisition of a €2m
receivable as outlined in its announcement of 1 June 2019 Notice of AGM (resolution 6 "IWEP
Acquisition").

Finance Partners Group SPA ("FPG") is an Italian financial services company that, among other things,
takes minority stakes in private companies seeking future listings on public markets. Its main holding
is The Avantgarde Group ("TAG") a growing fintech company. In September 2018 the Company
invested €111,100 in an 8% bond in FPG.

FPG owns a minority interest in TAG and We Arena ("WE"), a digital media gaming company. TAG has
been valued by an international firm of accountants at €75 million. Management of FPG have valued
We Arena at €5 million. 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
investee companies, liquidate or redeem the shares and return profits to its shareholders, including
Eight Capital Partners, then repeat with other companies.

IWEP Ltd ("IWEP") owns a receivable of €4 million from FPG resulting from a sale of TAG shares to
FPG. Eight Capital has acquired half of the receivable asset from IWEP. The receivable has a face
value of €2 million. The price paid is €1.9 million. The Company has an option to acquire the
remainder of the receivable from IWEP at the same price in the next six months. Eight Capital, in
discussion with FPG, intends to convert this receivable into an equity holding in FPG and gain exposure
to the potential upside from FPG's investee company transactions.
The Board believes the investment delivers the following positives:
- If the receivable is converted into FPG equity, the investment provides
exposure to FPG's investee companies that are expected to be listed and
become liquid over time.
- The pricing of the investment is considered attractive compared to the
estimated valuation of the investee companies.
- 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 could increase should the
receivable be converted into FPG's equity or other of the Company's loans be
converted into equity over time, which may help to generate more liquidity
in the Company's.
- 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.
Settlement of the transaction's €1.9 million consideration is being effected through €1 million of Eight
Capital's 7% bonds, a €600,000 vendor loan at a 5% interest rate with a duration of one year, and,
€300,000 in cash.
Bond update
Following the transaction above, the Company will have placed €1,800,000 of bonds from its
instrument traded on the Vienna MTF as "€5,000,000 7.00 per cent. Notes due 26 July 2022". It is
anticipated that more bonds will be placed in due course.
Disclosures
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.
IWEP is a company connected to Eight Capital Partners' Chairman Dominic White. This transaction
therefore constitutes a related party transaction. IWEP continues to have a direct shareholding in
TAG. Dominic White agreed to become a non executive board member of TAG to monitor the
Company and IWEP's interests.
The completion of the IWEP Acquisition was conditional on the passing of Resolution 6 at the
Company's AGM on 9th July 2019, relating to Section 190 of the Act, as it was deemed to be a
substantial property transaction. The resolution was passed and transaction approved unanimously
by the shareholders.

The directors of the Company take responsibility for this announcement.
Eight Capital Partners plc
John Treacy
Dominic White
[phone]
[e-mail]
Cairn Financial Advisers LLP
NEX Exchange Corporate Adviser
[phone]

[stark industries] 06/8/2019 20:06

The below sums up all to me in what to expect from This new Fintech company about to be reversed in to ABAL :-

SIAchain
THE PRIVATE BLOCKCHAIN FOR FINANCIAL INSTITUTIONS, CORPORATES AND THE PUBLIC ADMINISTRATION
SIAchain is the private infrastructure created by SIA to develop, in a secure and protected manner, innovative Blockchain applications based on Distributed Ledger Technology (DLT).

SIAchain makes a series of business applications available to communities of registered, approved members (be they financial institutions, corporates or public administration bodies) in which transparency, confidentiality and security are guaranteed as shared rules.

The SIAchain infrastructure can count on around 580 network nodes in Europe of SIAnet, the high-speed, low-latency fiber-optic network stretching over 170,000 kilometers, created and managed by SIA.

SIAchain is at the heart of the strategic partnership between SIA and R3 aimed at speeding up the global development and adoption of blockchain applications.

Thanks to this new partnership with Supply@ME, SIAchain confirms its role as the leading blockchain architecture in Europe, developing and supporting the launch of mission-critical applications, featuring high performance and security, associated with a clear model of governance,” says Daniele Savarè, SIA innovation and business solutions director.



SIAchain confirms its role as the leading blockchain architecture in Europe !!

[still waiting] 06/8/2019 20:01

RJ, plenty links to R3

I had researched a lot on corda and R3 links when looking at the potential bloc abortive rto

[stark industries] 06/8/2019 20:01

I will not be selling a bean upon re-list as i can only see this company growing and getting bigger
Min of 10 MCap is not out of the question for a company partnered with SIA who are leaders in Blockchain Apps and Platforms in Europe.
This Milan based company has only just scaled up (expanded) so it seems to be growing at a fast rate.




;)

[stark industries] 06/8/2019 19:53

Supply@ME is the scale-up of the Avant Garde Group. Alessandro Zamboni, CEO of both, adds: “Our funders require from us transparency and resilience; in short, reliability. We are delighted to be working with SIA to create the world’s first infrastructure enabling firms to invest – in a highly innovative way offering the highest levels of data assurance – in the key factor for every company: its inventory, the most significant part of their working capital.”


TAG Group which is now known as Supply@ME was valued at 75 million euros.

And this is who Supply@ME have partnered up with :-

“Thanks to this new partnership with Supply@ME, SIAchain confirms its role as the leading blockchain architecture in Europe, developing and supporting the launch of mission-critical applications, featuring high performance and security, associated with a clear model of governance,” says Daniele Savarè, SIA innovation and business solutions director.

He adds: “This initiative will further enable us to innovate SIAchain, which today is also able to handle applications based on the Hyperledger Fabric platform, as well as those developed on R3’s Corda and Ethereum.”

SIAchain was created by SIA to support financial institutions, corporates and public administration bodies in the secure development and implementation of applications based on blockchain technology.


So we have a Milan based Fintech company about to be launched on the AIM market and my take is we are looking at multiples on the Mcap and share price on re-list of Reverse.

I wish you all the very best of luck no matter what stance you hold

GL

[stark industries] 06/8/2019 19:44

Milan-based Supply@ME is soon to be listed on the London Stock Exchange.

:-)

[chimers] 06/8/2019 18:48

The guy who became a consultant instead of a director.

[stark industries] 06/8/2019 16:49

Who is R.J ?

[chimers] 06/8/2019 15:26

Fintech consultant.

[pilkersa] 06/8/2019 07:18

Nice rns. Fingers crossed!

[yorgi] 06/8/2019 06:42

Well nothing to be done now but see what comes out of it......or not.

[still waiting] 06/8/2019 06:34

Oohhh maybe true.




currently in an advanced negotiations with a fintech business which may or may not be successfully concluded. A further update will made in due course at the appropriate time."

[pilkersa] 05/8/2019 15:55

Glad to hear it. Hope it all turns out well....

[alexios1201] 05/8/2019 15:38

That's it folksWaiting game now

[still waiting] 05/8/2019 15:36

usually get a rush to avoid delist so perhaps a deal is bubbling close somewhere..

[chimers] 05/8/2019 15:33

Well , nothing to see here now for a few months.
Tuck yourselves in and get comfy.
Lateroonies and...GLUCK.

[stark industries] 05/8/2019 15:31

165k buy at the bell

[chimers] 05/8/2019 15:31

Mebbes aye and mebbes nae..........