Alkemy Capital Investments Share Discussion Threads

[valhamos] 28/10/2015 14:26

dan de lion

It's my TD account today (only just checked) - so could be just coincidence it appeared the at the same time you complained

[dan de lion] 28/10/2015 11:31

Rang TD and kicked up a stink and quoted the RNS to them, they kept saying that they have had no confirmation of any settlement date and they would let me know whenever they found out.

Suddenly £18,000 has appeared in my account!!!!!!

[dan de lion] 28/10/2015 10:36

e mailed TD direct they have come back with "We are yet to receive any confirmation from the company in respect to an official payment date."

This is really fouling me up, would have had a lot more invested in PANR if I had had my £18,000 by now!

[pj 1] 28/10/2015 08:24

If its in a nominee account then your at the mercy of their processing system, could take upto an extra 5 working days

[amont92051] 28/10/2015 08:16

Mine came through yesterday with H.L.

[dan de lion] 28/10/2015 08:04

Today was supposed to be the latest day for payment, still nothing.

[dan de lion] 23/10/2015 06:29

Still not been paid.

[pj84] 22/10/2015 18:48

Good luck spaceparallex, I wasn't happy with the offer but decided once it became unconditional to finally accept to avoid having shares in an unlisted company. I suspect they are now hoping enough shareholders do likewise and they get the 90% they want. Even though I have reluctantly accepted I hope your strategy works as I don't believe they paid a fair price.

[spaceparallax] 22/10/2015 17:45

They can cancel, but they won't get my shares unless they cough up sufficient ps to get the 90% required for rollover. I've held out before with companies and generally ended up with a severalfold result not too far down the line; much depends on whether each investor needs the money now or whether it's there for the future.

[pj 1] 22/10/2015 07:06

It certainly feels as if we have been bullied to accept the (overall low) offer when compared to the future prospects. I think the Management have shown a lack of backbone. I hope this is not so they will benefit in other ways unknown to us currently.

Having said that I have an almost 40% profit in relatively short time period so maybe it sounds ungrateful, which actually I am not.

[dan de lion] 22/10/2015 06:44

Still not coughed up the cash.

[18bt] 22/10/2015 06:31

Listing to be cancelled, but offer remains open for acceptance.

[amont92051] 21/10/2015 19:19

I have to admit that reading the two recent RNS's relating to the offer, the first stating it was extended to 22nd Oct and then the second stating that it was declared unconditional in all respects and would remain open indefinitely, I am a little confused as to where exactly we are with it but I am sure we will get some news 'when they' are ready to let us know whats going on, meanwhile life goes on....

[dan de lion] 21/10/2015 16:13

They did state this in the RNS dated 14 Oct:-

Settlement for those Alkane Shareholders who have validly accepted the Offer by 1.00 p.m. (London time) on 13 October 2015 will be effected promptly in accordance with applicable English law and regulation, and in any event, on or before 28 October 2015.

Effected promptly, my a3se.

[spaceparallax] 21/10/2015 16:07

Still not accepted

[amont92051] 21/10/2015 15:34

dan

Earliest date for settlement was 28th Oct, not sure if this is still relevant as I don't think it's finalised yet, offer was extended until tomorrow 22nd, so expect news tomorrow pm or Friday BWDIK.

[dan de lion] 21/10/2015 12:07

Accepted the offer on the remainder(50,000) of my holdings on the 9th, still not had the cash, now wishing I had sold them into the market!

[spaceparallax] 20/10/2015 14:44

Still shares are acquired by minority interests at virtually the current takeover bid.

[bigtbigt] 14/10/2015 16:04

puffintickler - those things are fine and have to be that way. What irks is them setting conditions and then waiving those conditions when they could not be met, in order to proceed and enrich the buyers and the ALK board.

[puffintickler] 14/10/2015 12:33

Space

Yes, if the purchaser gets over 90% acceptances he can (and will) compulsorily purchase the rest, the price will be the offer price irrespective of whether the holder accepted or not.

BIGT
No, not despicable, just pragmatic. Companies taking over another are allowed to compulsorily purchase the rest once they have 90% in order to avoid small minority shareholders effectively being able to demand a higher price for their holding by threatening to keep their shares and thereby imposing high ongoing admin costs.

[spaceparallax] 14/10/2015 12:21

I'd be happy with that - it worked out very well at JCR.

[pj 1] 14/10/2015 10:03

Only if they get above 90%, otherwise you remain a shareholder in a private company?

[spaceparallax] 14/10/2015 09:58

Surely if the takeover happens, all shareholders will be entitled to the final price at which it is effected, irrespective of whether they have willingly accepted the offer or been forced to.

I was just confused over the two headline numbers, which essentially seem to say that more than half the shareholders reserve the right to accept any alternative offer. i.e. BB should either seal the deal with an enhancement or be prepared to be usurped by another suitor.

[the big fella] 14/10/2015 09:17

You may as well accept the 36p and move on. There is no point remaining a minority dissenting shareholder. At some point they will get 90% and can compulsory purchase your shares anyway. By dissenting all you are doing is delaying the receipt of your cash.

[pj 1] 14/10/2015 09:05

If my understanding of his is right (please check) then for any nominee accounts the default has been actioned which was to reject the offer.

As here is no timescale applied then any nominee accounts who did not accept run the risk of holding paper shares in an unlisted company (probably unable to sell ?)