Afferro Min Share Discussion Threads

[irenekent] 25/2/2014 09:44

My brokers tried to see if it was possible to trade these last week but in the absence of a counter-party no trade was possible i.e. no one wants to buy them! We have been swindled in order that IMIC could get AFF as cheaply as possible. My broker's comment was I would have to wait until Dec 2015 to see if there was any value to the notes, but not to bank on it.

[michaelwhight] 25/2/2014 09:32

I was told by NatWest that the bonds are not tradable and that you simply have to wait for the end of the term.

[noirua] 12/2/2014 11:54

Irish Stock Exchange - ShowSecTranche


Irish Stock Exchange - TranchePriceHistory

[bubble pricker] 10/2/2014 01:29

none of the other IMIC bonds appear to have ever traded. If you search for price data it always comes up with "no data available". In any event, I cannot see anyone bidding anything other than pennies for the bonds. They are virtually certain to be converted into IMIC stock at the end of the term. It seems inevitable that there will be a mysterious run up in the share price in the 21 days before conversion, followed by a plunge afterwards. It may be possible to take advantage of this by shorting the stock into any such run up and then covering out of the conversion.

[gheebee] 08/2/2014 20:17

Halifax Sep 2013. "Whilst it is anticipated that an application will be made for the Loan Notes to be listed on the Global Exchange Market of the Irish Stock Exchange, no assurance can be given that the listing will take place or that there will be sufficient liquidity to sell the Loan Notes should a listing be obtained. Accordingly, it is uncertain at the present whether it will be possible to sell or otherwise trade the Loan Notes

HL last week "The Unsecured Loan Notes are not currently trading on any recognised stock exchange. As a result Hargreaves Lansdown is currently unable to trade the Loan Notes on your behalf."

Presumably, liquidity will be introduced when Mr Cooper and Mr Paz are good and ready; not before.

[nav_mike] 08/2/2014 12:03

Id be amazed if anyone can get a quote on this bond or any of the others....ive been looking for months

I cant honestly see that these will trade on anything else but a matched bargain basis.

IMHO this whole listing malarky was just paying lipservice to disgruntled AFF holders who were horrified at the original terms of the deal. Making out the bonds would be tradeable was just another point on which our ex-BoD were economical with the truth.

Having said that, I will be genuinely delighted if Im proved wrong and trades can actually be done.

[horneblower] 07/2/2014 23:00

Hooray.
That's a step in the right direction.
But how do you get a quote?

[sharpshare] 07/2/2014 16:00

Convertible loan notes appear to be listed.



GBP 33662517.60 8% Convertible loan notes due 2015 - GEM

ISIN GB00BFWH2412
SEDOL BFWH241
Series GBP 33662517.60 8% Convertible loan notes due 2015 - GEM
Status Listed
Listing Date 03/02/2014
Payment Frequency Annual
Maturity Date 19/12/2015
Interest Payment Date 19/12/2015
Currency GBP
Amount Listed 33,662,518
Market Type GEM

No trades yet??



No History available for this date

[gheebee] 05/2/2014 17:00

Further to that, which at least gives a suggestion of offline trading, there is now this just received by Mrs Bee: "The Unsecured Loan Notes are not currently trading on any recognised stock exchange. As a result Hargreaves Lansdown is currently unable to trade the Loan Notes on your behalf."

[noirua] 05/2/2014 11:54

International Mining & Infrastructure plc 8% Convertible Loan Note cannot currently be traded online. For further information about trading this security, or to obtain a current price, please telephone our dealers on
0117 980 9800 during market hours. Please note that if the buying and selling price quoted on this page are the same it may not be an accurate price.
From HL

[horneblower] 05/2/2014 10:15

Still not listed on the Irish exchange.

[ridicule] 04/2/2014 22:05

Does any one have an EPIC Code for the Loan Note?

[horneblower] 04/2/2014 19:56

It still isn't listed. Hopefully tomorrow!

[taffer87] 04/2/2014 18:14

any trades or quotes on the loan notes then?

[ianbrewster] 04/2/2014 17:26

3rd February 2014
The board of the Irish Stock Exchange approves the admission of the undermentioned securities to listing on the Official List and trading on the Global Exchange Market of the ISE.

INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC

GBP 33662517.60 8% Convertible loan notes due 2015 GB00BFWH2412

hxxp://www.ise.ie/app/announcementDetails.aspx?ID=11854401

[horneblower] 04/2/2014 13:13

Well, IMIC claim they have listed the loan notes on the Irish exchange but as yet there is no listing...




Tomorrow, perhaps.

[noirua] 04/2/2014 13:02

It was thought by several that the true Afferro selling price was 105p, putting a price on the loan notes of 25p and yield of 12.8% simple interest. I cant eat my hat if I'm wrong as I've eaten them already.
Intl Min&IN Crp Intl Mining & Infrast Corp PLC Listing of Convertible Loan Notes

[woodpeckers] 04/2/2014 12:58

My thoughts entirely! ;-)

[nav_mike] 04/2/2014 12:51

Aye Woody....whats the betting there will be a strong unexplained run up in the price around this time?

One last shaft of the AFF holders :)

[woodpeckers] 04/2/2014 12:43

The Convertible Loan Notes and accrued interest will either be redeemed for cash or converted into IMIC plc ordinary shares at the volume weighted average closing price of IMIC plc ordinary shares in the 28 Business Days prior to 19 December 2015, at the Company's discretion. Such decision will be notified to note holders not less than 20 days prior to 19 December 2015.

It will be interesting to watch the share price around this time!!! ;-)

[drewz] 04/2/2014 12:37

Hooray - IMIC loan notes 8% now listed on Dublin exchange:

[michaelwhight] 01/2/2014 23:46

In for this ride up woodie but of course it will pull back. Makes up for my mistake in coming out of BOK! The battery technology does look unique and important for many applications though.

[woodpeckers] 31/1/2014 15:42

Wow, just had a look at IKA michael!!! Hope you're in, amazing chart.