Bonhill Share Discussion Threads

[eezymunny] 25/7/2023 08:28

Agreed Tomboy. You have to keep following these things once delisted.... There's normally a liquidator's report after a few months giving his view on possible outcome.

[tomboyb] 25/7/2023 08:14

I would add -

UNLESS YOU CHASE IT UP SOMETIMES YOUR SHARES ARE NOT RETURNED -

I wrote that in bold because I only got the return from news from a fellow investor on this site -

I spoke to the liquidator and that led to the return of funds -

My broker said nothing -

[eezymunny] 25/7/2023 08:11

It could well be a good return here tomboy, but should be much quicker (2 years). Depends how much they've held back for liquidation a other stuff. BONH has been a bit murky!

[dave4545] 25/7/2023 08:10

ta...

No position, I had one similar. Adventis I think went bust, somebody took the listing and it came back as Reobold and 4 bagged. By the time I had noticed it was 5p having hit 9p but it came back around 1-2p so I'm sure I would have sold lower anyway.

[tomboyb] 25/7/2023 08:08

Eezy it'll be interesting to see what value they will get -

I had a share delisted 10 years ago on AIM -

3K investment, 8 years later got back 11k -

Mind u i had written it off -

[eezymunny] 25/7/2023 08:06

No. Liquidation.

[dave4545] 25/7/2023 08:05

Is it becoming a shell ?

[eezymunny] 25/7/2023 08:01

I reckon min 1.2p/share was left over after tender (as a result of those not tendering), plus any further excess not required by liquidator. Unless some smelly stuff happens it's a great trade methinks, but we'll have to wait a year or two to see the proceeds.

[tomboyb] 25/7/2023 07:45

31st last day of trading yet Berstein has taken almost 8% stake here -

Does he value the equity higher after share cancellation -

I suspect so -

[darrin1471] 18/7/2023 13:24

Tender has now closed so if buying today you will not get the 10p for 40% of your holding would be my interpretation.

[value viper] 17/7/2023 13:29

So buy now at 3.5p and get more cash back at 10p on 40 per cent of your holding ?

[multibagger] 07/7/2023 07:53

Glad you got out okay VV :)

We all live and learn !

BW

Multi

[value viper] 06/7/2023 18:25

Fortunately multi I departed the shares a while back not that I made any money I recall you were cautious and you've been proved right Nonetheless I do not think anyone really expected this appalling finale I recall listening in to the lead manager at Downing saying 15p should have been a minimum with the business for sale Market conditions haven't helped of course but bonkers bargain this has proved not to be

[multibagger] 01/7/2023 20:52

Sorry to hear Value Viper - I recall warning people of the risks, not once but several times and you were unfortunately in no mood to listen / see the massive red flags.

Scroll back on this thread and you will see.

BB Posts on this thread starting from 2019

21,23,49,51,91,95,98,101

[value viper] 01/7/2023 02:41

Thanks SidHave now read upTotally screwed by directors / getting value for shareholdersI recall instis looking for masses more than this - 15p type expectations To think where this traded before etc Wow

[sidam] 29/6/2023 06:30

Value V
Tender offer is 10p for 40% of one’s holding. So if you hold 10,000 shares you will get £400, leaving you with 6,000 in an unquoted company which will go into voluntary liquidation. My guess is that the voluntary liquidation will return a maximum of 1p per share for the remains holding or £60. So the total return might be £460 for your 10,000 shares. All this is subject to shareholder approval. Hope this helps!

[bsharman3] 28/6/2023 20:09

1p is all we get per share in the tender offer??

[chrisdgb] 08/6/2023 20:53

A most shocking structure, don’t get it……..

[samsj] 08/6/2023 18:04

Need to just take down their names for future reference...


I actually exchanged emails with the company and could tell they were proper shifty and not giving us the full picture, yet built a position nonetheless and didn't push them any further! A learning experience...

[samsj] 08/6/2023 15:12

"They´ve been so very poor at giving full disclosure of likely outcomes IMO."

correct - they have effectively mislead the market and not done their jobs, and there is really no excuse for it afaics.

Can you explain why anyone is buying above 4 and up to 4.6?