Abal Share Discussion Threads

[godolphin] 01/8/2019 21:25

Here's the tweet from the press office.



"Monetization” platform created by the Milan-based fintech soon to be listed on the London Stock Exchange"

How quick will it be listed - tomorrow? Next week?

[stark industries] 01/8/2019 19:46

RNS Number : 1252C
Eight Capital Partners PLC
13 June 2019
Eight Capital Partners plc

Notice of AGM


Eight Capital Partners plc announces that it has today posted the notice of Annual General Meeting




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 again !

[stark industries] 01/8/2019 19:03

I think you're bang on the money Godoplhin8C are well connected with the Avant group Well spotted

[godolphin] 01/8/2019 18:53

Maybe nothing but?


SIA, the European hi-tech company, leader in payment services and infrastructures, and Supply@ME, the scale-up of the AvantGarde Group, have signed a partnership agreement to launch - through the SIAchain infrastructure - the new “Inventory Monetization” platform, created by the Milan-based fintech soon to be listed on the London Stock Exchange.

[still waiting] 01/8/2019 11:14

impressive buying.

[yorgi] 31/7/2019 13:08

That's what we would all like to know.

Considering how close we are getting to the suspension day, either days or another month and the share price has so far not gone into freefall is encouraging. Volumes still not high but those that are sold are being picked up around the present price.

The fact they mentioned the FINTECH in last RNS although only as "potential" opportunity , I would have thought they are working on something but that may not be the case of course.

RNS 24th June

Update on Board Changes

Further to the Company's announcement made on 1 April 2019 regarding the Company's proposed appointment of an additional non-executive Director, the Company announces that the individual concerned has been appointed as an independent consultant to the company to provide it with a view and assistance on a potential opportunity in the fintech sector. The Directors consider that the input to be provided by that individual would be better coming from him as an independent consultant rather than as a Director. No adverse matters arose following the due diligence in respect of the individual concerned.

The Company will update shareholders in due course in relation to its progress to undertake a potential transaction in accordance with AIM Rule 15.

[still waiting] 31/7/2019 10:00

just how connected are 8C ?

[yorgi] 31/7/2019 09:05

I took it to be 5th August but whether it is or 5th September they need to announce something pretty soon.

Let’s hope you are right SW 😊

[still waiting] 31/7/2019 09:01

maybe some blue later..

8C not ready to flush their main investment away just yet...

[pilkersa] 31/7/2019 08:59

I am not convinced that rns was correct as 6 months from the disposal would be 5 august........

[stark industries] 30/7/2019 16:44

Possible As MMs trying to mug a few sellers down at this SPBack ground buyers?

[still waiting] 30/7/2019 16:26

mm's short ?

[stark industries] 30/7/2019 16:23

Never seen so many 1 trades here in such a short time span ?

[adrianuk] 30/7/2019 16:11

The RNS from 1st March, states six months from the 5th March, which would be 5th September.

The directors are pleased to provide an update following the sale of the Company's business and assets ('the Sale') announced on 5 February 2019.

The Company became an AIM Rule 15 Cash Shell on 5 February and, as such, the Company is required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 (including seeking re-admission as an investing company (as defined under the AIM Rules)) on or before the date falling six months from 5 March 2019 or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million) failing which, the Company's Ordinary Shares will then be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM would be cancelled six months from the date of suspension should the reason for the suspension not have been rectified.

[+eysenck] 30/7/2019 10:23

Sorry, you're correct.

[pilkersa] 30/7/2019 09:42

Announcement was on 5 feb so suspension on 5 August and then another 6 months to complete I think.....

[+eysenck] 30/7/2019 09:38

Is it not 5th Sept, 6 months after announcement in March?

[adrianuk] 29/7/2019 22:19

Does anyone know how long we have to complete the RTO?

[still waiting] 29/7/2019 15:13

drop to get stock doesn't seem to be working..

just letting some cheap buys in...

gla

[yorgi] 26/7/2019 16:21

They will still take a few......hopefully we will have an interesting day on Monday.

[still waiting] 26/7/2019 16:20

fully backed by cash so unlimited upside if a deal can be done..

[pilkersa] 26/7/2019 16:18

At last. Getting a bit lively now!!

[still waiting] 26/7/2019 16:18

mm's in lockdown for the w/e now...