ARK Therapeutics Share Discussion Threads

[joeblogg2] 11/12/2014 15:21

That is about right, sometime in jan 2015.

[joeblogg2] 11/12/2014 14:34

Yes, i attended meeting today and very positive!! Good business model and t/over of £7mill+ and plenty of revenue generating plans. All being well I will try to buy more as these guys: Ross, Tonner and Uppal have big plans and hence the listing!!!

[hedgehog 100] 30/11/2014 20:53

"Welcome to the Premier Veterinary Group

The UK's number one local pet care experts

The Premier Veterinary Group's vision is to provide the highest quality healthcare with integrity and compassion and to put your pet at the heart of everything we do.

Across our network of nationwide practices, the Premier Veterinary Group is changing the way pet owners and practitioners think about pet care."

[hedgehog 100] 29/11/2014 21:38

Two related companies to AKT's RTO (reverse takeover) Premier Veterinary Group(PVG):


Animalcare Group (ANCR) 154p Market cap. £31.97M.





Eco Animal Health (EAH) 156p Market cap. £97.46M.

[dr biotech] 27/11/2014 15:01

Ouch. I have long since written off any value in these. I don't hold any high risk shares but sainsburys and others have performed just as badly

[joeblogg2] 27/11/2014 12:36

Dr B. I am over £30k down on these and was hoping for a miracle here as was hoping for this to multibag, multibag on reverse takeover but with the consolidation has scuppered that as most people will not get involved now. The business with £7mill turnover should do well with decent Bod running it!!

[dr biotech] 26/11/2014 15:58

I was in Cenes but I did OK - by that I mean I didn't make a walloping loss. Alizyme, Ardarna and various other biotech made it into the 80 and 90% club, but I had less of them compared to this one. Its fair to say that I haven't touched a Bio for some time, and never will again.

But at the time I enjoyed holding them, waiting for the trial news etc. I guess if I had been interested in cars I could have bought a decent new one and had the same enjoyment whilst it devalued.

Last couple of years have been OK I suppose, but my aims are different now - largest holding is Neil Woodfords thing, followed by a FTSE tracker with GSK in 3rd. Not quite as interesting, but I should get 6 or 7k in dividends this year.

Weren't you a potential user of Cenes's M6G or whatever it was called? I hope you are better now, if it was you.

[dr biotech] 26/11/2014 14:58

Think my £4k buy here at £1+ may be the worst investment I have ever made. Just hope to sell at some point and write the it off against tax, but given I have 95% of my holdings in ISAs its not likely that I will need to balance the books anytime soon. UK biotech is a minefield with few rewards at the other side.

[gnnmartin] 26/11/2014 14:22

100:1 it is. :-(

[yorkiemike] 25/11/2014 21:27

My understanding from the circular is that the consolidation factor is 100:1 not 10:1, so 100 existing shares = 1 new share (plus a deferred share which has no value). Therefore the subscription price for the directors equates to 0.101p in old money (i.e. about 20% of the pre-suspended price). Of course we don't know what the new shares will trade at if the proposal proceeds. If it is around the 10.1p subscription price then this is considerably lower than before the suspension, if more then a (substantial?) paper profit for the subscribing directors. Happy to be corrected if the foregoing is not right, and in any event stellar growth is most welcomed!

[hedgehog 100] 25/11/2014 18:13

mypension 21 Nov'14 - 19:14 - 3035 of 3038 0 0
"To me this seems very disappointment. After months the best the directors can come up with is 15% of a loss making business with debt of over two million at 12% interest. In addition 10,000 shares will become 1000. Maybe I have read the runs wrongly"


Mypension,

15% of the enlarged equity is a decent share: I wouldn't think that the average share of the enlarged equity for a shell post RTO (reverse takeover)is more than 20%.
And it can be far less than 15%.

The consolidation won't actually affect the value of your shares: you'll simply have far fewer with each one worth proportionally as much more (other things being equal).


Joeblogg2,

Both bosses are putting in relatively large sums.
But at a price that appears to be at a steep discount.

21/11/2014 17:48 UKREG Ark Therapeutics Group PLC Posting of Circular
" ...3. Subscription for New Ordinary Shares
Conditional upon Admission, BFSL and a small number of other investors have agreed to subscribe in aggregate for GBP1.2 million of Subscription Shares at a subscription price of 10.1 pence per Subscription Share. BFSL has requested that in order to agree to the Revised BFSL Loan Arrangements, Iain Ross, Chairman of Ark and the CEO of PVG participate in the Subscription as to GBP70,456.49 and GBP267,734.54 respectively.
The monies received from the Subscription will be primarily used as working capital in the Enlarged Group's business and, as a result of this investment, Ark Shareholders will own 15 per cent. of the Ordinary Shares at Admission.
Following the Subscription of 11,859,007 Subscription Shares (following the Consolidation and Subdivision), the Enlarged Group will have 13,951,773 Ordinary Shares in issue. ... "



There's not much detail on PVG yet, but it's fast-growing, has substantial revenue of £7.5M. p.a., and is the second biggest buying group in its sector:

"Mr Tonner, aged 57, joined PVG's board as CEO in July 2007. Since that time revenues have increased from GBP2 million to GBP7.5 million per annum, PVG has completed six acquisitions and integrated the activities successfully, launched a new business, Premier Veterinary Alliance, to become the second biggest buying group in the sector and is now transacting business in Republic of Ireland and the Nordic region as well as the UK."


Ten Bag Man may be on holiday.

[joeblogg2] 25/11/2014 12:25

Not sure where TBM has gone but hope he is ok and get his thoughts. Ian Ross is putting in a fair chunk of cash so hopefully bodes well!!

[mypension] 21/11/2014 19:36

Do I understand this correctly. BSFL gets £250,000 to extend the loan and another £400,000 when the loan is repaid?

[mypension] 21/11/2014 19:14

To me this seems very disappointment. After months the best the directors can come up with is 15% of a loss making business with debt of over two million at 12% interest. In addition 10,000 shares will become 1000. Maybe I have read the runs wrongly

[joeblogg2] 21/11/2014 18:06

News out. Looks interesting with decent pedigree of managment coming on board. TBM your thoughts?

[ten bag man] 14/11/2014 18:20

The Date of the Interim management statement has today been removed from the company investor page.

(The old date shown was Wed 19th Nov 2014.)

That date,(19th)was the last date that it could have been posted by the company under LSE rules.

Now we have to ask why it has been removed.?

I do not know,but here are some ideas.

The 19th had a * showing the date could be moved but as I have pointed out in previous posts it could NOT be after the 19th Nov.

So what has changed.?

Well, if the deal is off and the company has hit the skids (bust),then all we will get is an RNS telling us that,(in which case no need to update the market with an IMS.)

OR

We get news of the RTO on Monday but the company does not want to let the news out till then.

Or

Any other ideas.?

[ten bag man] 07/11/2014 07:45

Bigglesbingham,

ATK can issue its 2nd interim management statement on the 19th of November OR any date prior to that.

The can NOT post it AFTER that date.

See under.

Thus,we may get news any day up to and inc the 19th Nov.

As the date has gone back from today, you can,I think rule out any news in the next 24 hours.






Combined View / DTR / 4 / 3

DTR 4.3 Interim management statements

Application

DTR 4.3.1
20/01/2007
FCA
Subject to the exemptions set out in DTR 4.4 (Exemptions) this section applies to an issuer:
(1) whose shares are admitted to trading; and
(2) whose Home State is the United Kingdom.
Publication of interim management statements

DTR 4.3.2
20/01/2007
FCA
An issuer must make public a statement by its management during the first six-month period of the financial year and another statement by its management during the second six month period of the financial year.
[Note: article 6(1) of the TD]
DTR 4.3.3
20/01/2007
FCA
The statement required by DTR 4.3.2 R must be made in a period between ten weeks after the beginning, and six weeks before, the end of the relevant six-month period.
[Note: article 6(1) of the TD]

[ten bag man] 07/11/2014 06:55

STIG, do the sums. AGAIN.

£170M 1% = £1.7M

That's a fall of 99%

Started 2014 at £680,000.

Thus fall has been 99.6%.