Apace Media Share Discussion Threads

[8trade] 23/7/2009 15:52

Must have a huge buy order in this.

2-2.75p yet 2.51p bid for 250k online !!! 25k offered at 2.75p.

[leadersoffice] 13/7/2009 14:53

They did send me a cheque for £1.20 to voer the postage.

I decided to buy some new apace shares with it lol

[leadersoffice] 25/6/2009 15:01

same thing happened to me had to pay postage

[mooreatupton] 22/6/2009 08:44

Looks like our investment is a little more valuble than we thought; apparently we can claim the postage cost back for the results!

[jimbo44] 27/3/2009 15:47

So Apace get £1m from share issue plus it looks like another £1m+ from Balkan merger. Should be well placed for a while. Didier certainly has confidence. He has invested a few million into Apace. Results will be interesting. Hoping the share price will get back up to where it should be now.

[davethechef] 26/3/2009 08:20

Well there's confidence then, the acquistion of shares.

[humphbumph] 03/3/2009 11:35

Does anyone know the full circumstances of Stoessel's departure from HSBC?

[humphbumph] 03/3/2009 11:26

It looks to me as if we're being royally stuffed by the incompetent Didier. I can't really tell because he gives us no information. He used to head up one of the less reputable parts of a major bank. I should have known better than to trust the guy. His type never heed the interests of shareholders.

[encarter] 03/3/2009 10:37

Apace get 5%.

[jimbo44] 02/3/2009 16:53

Yes but all the cash seems to be coming from Didier and Anatoli which might indicate that they have confidence in the company's prospects.

[mooreatupton] 02/3/2009 14:10

Placing and Posting of Circular

Apace today announces that it has posted to shareholders a circular convening a
General Meeting of the Company to approve the proposed placing ("the Placing")
of 50,000,000 new Ordinary Shares ("the Placing Shares") at a placing price of
2p each to raise GBP1million before expenses. The funding is required to meet
working capital requirements during uncertain business and economic conditions
in the markets in which the Company operates.

Following the Placing, the Company will have in issue 145,833,531 Ordinary
Shares. The Placing Shares will represent 34.3 per cent. of the enlarged issued
share capital immediately following the issue of the Placing Shares and will
rank pari passu in all respects with the existing Ordinary Shares.

The Placing Shares are being subscribed for by Balkan Advisors EOOD ("the
Subscriber"), a company controlled by Didier Stoessel, Chief Executive of Apace.
Didier Stoessel, Balkan Advisors and Anatoli Belchev, the sole officer of Balkan
Advisors EOOD, are together considered to be a Concert Party ("the Concert
Party"). On completion of the Placing, the Concert Party will hold 54.72 per
cent. of the then issued share capital of the Company. Apace has obtained a Rule
9 Waiver "White Wash" from the Takeover Panel removing the requirement for the
Concert Party to make a general offer for the remaining shares in Apace which
they do not own. The waiver is subject to the approval of independent
shareholders at the forthcoming General Meeting.

The Company received notice from Mr Stoessel that the 78,133,333 Ordinary Shares
in Apace in which he would become beneficially interested on completion of the
Placing will be secured as part of a general security arrangement against credit
facilities with the Subscriber's bank.

As Didier Stoessel is a Director of the Company, the Placing to the Subscriber,
which is controlled by Didier Stoessel, is deemed a related party transaction
pursuant to the AIM rules. The independent directors, having consulted with the
Company's nominated advisor, Seymour Pierce Limited, consider that the terms of
the Placing and the securing of the waiver of the Concert Party's obligation to
make a general offer for the Company, which would otherwise arise under Rule 9
of the City Code on Takeover and Mergers, are fair and reasonable insofar as the
shareholders are concerned.

The General Meeting will be held on 17 March 2009 at 11a.m. at the offices of
Seymour Pierce Limited, 20 Old Bailey, London EC4M 7EN to obtain shareholder
approval in respect of the White Wash and the other shareholder approvals
necessary to effect the fund raising.

The circular, which contains further, more detailed information, will be
available on the Company's website at www.apacegroup.co.uk


Looks to me that they are diluting the diluted dilution for us!

[jabberstocky] 19/2/2009 16:45

Someone have a quiet word with the Market Makers, so as to avoid the inference of a penny stock: 50% on £2K worth of purchase.

[man overbored] 19/2/2009 15:43

Been some modest accretion of stock (50k lots) for a while now. Interesting.

[humphbumph] 19/2/2009 15:35

Somebody, somewhere thinks he/she knows something. The Bid price is up 50%, no less.

[humphbumph] 06/2/2009 14:19

Well, the trading statement is as opaque as these things often are. I can't say I'm any the wiser.

[jimbo44] 04/2/2009 12:22

Humph who knows is no news good news? Probably on the way out but worth a punt at this level if your a gambling man been in and out over last few years just bought again in a small way at 1.10

[humphbumph] 03/2/2009 14:40

Does anyone know what's going on here? Is this company a completely busted flush or is it worth hanging on for something? News is very hard to come by.

[jabberstocky] 02/12/2008 18:03

Hardly worth New Star selling at this penny (not even pennies!) price.

[diogenes dottle] 28/8/2008 14:56

Anyone spoken to Didi about things?

[davethechef] 06/8/2008 21:27

A buy! 280k!! Wow!!!
Maybe a 5-10 bagger and i'll reach my average!

[encarter] 24/7/2008 07:50

Looks like dilution at 1p.

[encarter] 16/7/2008 22:55

I do lots of digging and have some good info but why pay the £2.6m to Albanian tv when they knew is was going down and where did the cash go?

[humphbumph] 16/7/2008 15:57

I wish we could establish a decent informative thread on this! I have a stupid amount of APA but have also become bored. On some threads (e.g BTG) there are good people who have the ability to dig around for information. Here, quite likely, the shareholder base is too small.

I've sort of assumed that with several of their major strands of activity progress has not stopped completely but has merely been postponed. I have several Bulgarian friends who assure me that their economy and the level of entrepreneurialism is increasing sharply. They do confirm also, alas, my deepest fear that throughout the Balkans corruption and skullduggery is still rife.

[diogenes dottle] 16/7/2008 15:42

Thanks for that question encarter. I kind of assumed the project which lost its licence was a speculative Albanian side line and not related to the take up? But must confess to having becomed bored with apace and not being paying much attention of late. I forget now whether the ERA Macedonia debacle was part of the Endiama JV.

Anyway & more to the point: have these bottomed out? I had expected forces to move these lower in line with the market and to possibly finally present an attractive opportunity, but shall wait and see.

How is DS doing these days?
Has he found any new balkan opportunities / contacts?