Atlantic Coal Share Discussion Threads

[mozyali] 04/3/2019 20:48

Toptrump - As far as i understood, it was clearly was mentioned a different entity over the phone and i have seen the offer letter which confirms Daniel Company and co Plc are a seperate entity. Its on your offer letter in small print with asterix at the bottom.
On the atc shareholders the person over the phone said if less than 90% vote, the people who have not voted will stay as ATC shareholders. Not sure how that will work out to be honest.

[toptrump1] 04/3/2019 19:21

Moz, Daniel Stewart and co plc is a subsid of Daniel Stewart Securities plc so in effect same group.

Interestingly they say that those not accepting the offer, will remain shareholders in ATC (which will be subsidiary to the new co)unless > 90% acceptances recd so not sure how that would work as according to the co, those shareholders won’t get the enhanced no. of shrs I.e 1-5587x

Nothing on the co website yet.

[garykc] 04/3/2019 18:46

No as they are not listed

[xow98] 04/3/2019 18:41

Don't they have to RNS the extension?

[mozyali] 04/3/2019 17:59

Smalltimer - they mentioned just waiting for people who havent completed it. They did confirm 50%+ was needed to go ahead of RTO which they have already got. On new shares, i had a certificate once they were delisted, so i asked them about this (not sure about people who had them at brokers) they said i would get a new certificate, which obviously i’l be able to deposit to a broker of my choice once they relist. Just a few legal bits left before they can send them.

[smalltimer] 04/3/2019 17:21

Mozyali, did they say when we will get our new shares? When will the shares be credited to our Broker accounts? That is for those who have already accepted the offer.

[mozyali] 04/3/2019 16:37

BigBroker - they giving more time to people who might have been away etc.
Relisting they said they still aiming for end of March

[bigbroker] 04/3/2019 16:15

Hi Mozyali, do you think or know they have extended the deadline by 30 days? Did they mention anything on listing dates etc? Cheers

[mozyali] 04/3/2019 14:53

Lol i just realised something, not sure if it has been mentioned on here before... Daniel Stewart Securities who we are going in with in a RTO to relist are a totally seperate company to Daniel Stewart and Company PLC who went into administration. Unfortunately and to confuse matters they went into administration the same week ATC wrote to shareholders in regards RTO.(it is in small print at the bottom on the offer letter)Also i think they have extended the deadline for 30 days to give people more time who could not get their forms back in.Just spoken to them. ??

[smalltimer] 22/2/2019 14:14

Yes, get your vote in !!! Many brokers have a closing date of 25 February! Don't lose out!

[marmar80] 22/2/2019 13:50

ATC last date to vote is soon. Don't miss it.

[marmar80] 22/2/2019 13:49

ATC last date to vote is soon. Don't miss it.

[marmar80] 22/2/2019 13:47

Most brokers will say closing date for voting is not 28th but rather 26 or 25th EoD

[stanton1961] 21/2/2019 14:46

smalltimer

thanks

[mhin2] 20/2/2019 20:36

I have been trying to get a value for ATC. the clearest indication I get is

"On 1st March and 19th April 2018 two separate private funds
subscribed to a total of 200,000,000 shares in Atlantic Carbon
Group plc (“ACG”) for a total consideration of £1,000,000 valuing
each share at £0.005 (0.5p). This values ACG at £35.1 million (US$ 50.2 million)."

the Seethru Equity report (Oct. 2018) states

"Our valuation of Atlantic Carbon yields an enterprise value of
$153.9mn comprising $68.0mn of total debt and an equity value of $86.8m"

so would a range of 0.7p-1p seem reasonable on listing...anybody got any ideas?

remember the trump steel tariffs came in the first half of 2018, and the impact would not have fed into the last ATC half yearly report.

[toptrump1] 20/2/2019 18:45

All you need to know on the co website:

[stanton1961] 20/2/2019 17:56

smalltimer thanks do you have a link ?

I cant find Atlantic Coal

[smalltimer] 20/2/2019 15:59

Stanton 1961, check out the LSE website! There's a lot of discussion over on their website and you should read up on all past posts, which will help you on this!

[stanton1961] 20/2/2019 14:29

Can anyone advise on who Daniel Stewart Securities are?

Recieved a letter from my Dutch bank stating DSS will offer to exchange for each 1 share in Atlantic Carbon Group i will get 1.5587 share DSS ..

Anyone explain Im lost

[bigbroker] 17/2/2019 11:15

Ok will do thanks

[bigbroker] 17/2/2019 11:14

Has anyone had confirmation that their share certificates and offer confirmation has been received?

[mozyali] 17/2/2019 11:13

Change the xx in link to http. For some reason any links posted on here change the t into x’a in http

[bigbroker] 17/2/2019 11:11

Can’t seem to load the video up. What is it about?