Two years later and it’s squeezed out a fart
And trading at 6x cash |
Not a good time to buy lossmaking business
One year later cash is down to about 5p a share I suspevy |
We’re they buying in Russia |
You are right. An agreed deal is against the Rules BUT what is not against the rules is dialogue, discussion and negotiations so long as no transaction has been signed with irreversible terms.
I would imagine that AC 8 must be moving down that trail. |
I seem to recall someone saying that it was against the rules to list a shell company if they have a target acquisition deal already in place.
Point being that even if (as seems highly likely to me) the AC8 directors knew from the start what their acquisition target was, they would still have to wait for a respectable amount of time before announcing the deal. I'd have thought six months would be long enough.
AC8 listed on 19/Jul/2021. Six months later takes us to 19/Jan/2022. So I think we might be getting very close to the big reveal! |
thanks for your response - might buy a small stake in the other two soon, cheers. |
There is pretty much no doubt that all three will succeed big-time. Why ?
Simple really. Mr. Williams is well connected and he knows the markets. He is respected. He creates the framework, provides the business management and seed capital and then makes it attractive for big-hitter investors to vend-in.
As to BAY vs.REDC, I think that is easy. REDC has the same equity set-up as AC8. Few shares and very responsive to demand. If you look at the track-record of the co-Director to Mr. Williams it is stellar in the software space. Even a half decent deal will make it fly.
As to BAY, Peter Tom is a legend in his own lifetime but it will take a while to build another Breedon although Sigmaroc has gone from nothing to a major in the same space within 2 years.
Frankly all three are almost certain success stories. I am surprised others have not spotted the opportunity and what is happening. |
Hello Mr squid - are REDC or BAY (more cash) better prospects? Can they make a success out of all of these new listings ? |
Maximising returns in the market sometimes requires a bit of patience.
They are working on a deal. That much I know. It will not be long before we know the shape and nature of the transaction.
It is bound to be exciting. |
Hopefully they'll get something done soon, getting a bit bored waiting, despite a nice gain so far ... |
Remarkably stable here considering the general market turbulence in other small companies recently. Shows that the majority of these shares are in strong hands. |
So far (for me) its been "someulose".... (sorry).
However, I agree with the idea and will hold on for a year or two.
If it blows big any wait will be worth it. |
Sounds good 👍 |
...Well the two main directors have put in £375,000 between them. And I don't think they got to be the business big hitters they are by chucking money away. |
someuwin: I like the idea. And as I'm like a novice punter at the races betting on horse No.3 I put £500 on it!
I don't think people should be flinging thousands at it, unless they have money to burn. |
Can buy £3k. But not £4k. |
Confirmed in the FT. So any company valued at up to £30m that want a main listing better get on the phone to AC8.
"The reforms will also force smaller companies, worth less than £30m, that want to list in London to choose platforms for growth stocks, such as Aim or Aquis Growth Market, rather than the main London Stock Exchange.
The new regulations will lift the minimum market value for a listing on London’s main market from £700,000 to £30m. Some market participants warned that the FCA’s initial proposal of a £50m threshold was too high." |
Just seen this on twitter. Looks like AC8 will be one of the last standard listed cash shells - should give them a lot more bargaining power.
"Andrew Monk @AmonkMonkey ·29m
New FCA listing rules are out - standard listing now min £30mn so no more small cash shells - existing ones now very valuable and have 2 years to do a deal" |
Shareprice holding up well - expecting news soon ? Still can't buy in size |
Max buy now = 750 shares = £3,300 |
Max buy quote just £600. |
You are right Fergus.
The term SPAC has been imported from the US and really means the same as a 'shell'.
Cash shell ? I am not so sure as AC8 has some cash but only a modest amount.
Enough ? We shall see. |
A SPAC with cash is a 'cash-shell' with a targeted objective.
Does AC8 have enough cash to complete a transaction ?
Probably so as these guys know what they are doing. |
AC8 should be viewed as a SPAC rather than a shell imo. |
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