Capital Ideas Share Discussion Threads

[mattrix1] 09/2/2009 14:27

My broker wrote to me and mentioned Capt intends to offer a Matched Bargain Facility if it was to go private. Has anyone bought or sold this way?

I found this on a company which is private..the Facility may work like this I guess....



Last trading price prior to the delisting annoucment was .35p...hopefully that should be a guide when selling private...if you can!!!

[mattrix1] 04/2/2009 00:15

this article explains a bit more about de-listing from Aim..

[egoi] 30/1/2009 22:49

My own prediction is that this company will, after delisting, decide it has no interest in ever re-listing - and I guess holders will find getting any sort of deal very tough; in my personal opinion their motives for delisting are clear.

Agreeable thanks for your comments.

[tiredoldbroker] 30/1/2009 22:05

barnetpeter, your argument might hold more water if you could name half a dozen stocks which had delisted over the years and then come back 'at a much higher level' to quote you. More likely, they delist and either get bought out by the directors for ha'pennies, or the money evaporates in directors' salaries over the following three years, until the company is wound up.

Frankly, if they are spending £100K a year on listing costs, they're doing it wrong; and they could move to Plus if they wanted a semi-legit, semi-transparent alternative. The problem for companies like CAPT is nothing to do with Langbar, it's to do with having no credibility and a business plan which doesn't clearly work to the advantage of shareholders.

[safman] 30/1/2009 20:16

well, they could delist and current shareholders could have their money tied up for ages. Negative for most @ this time, secondly, not governed by AIM rules, say you hold 1% of the equity, they could have a capital reorg, dilute you further until your holdings are negligible.

you are right, they could come back at a much higher price, but that may be after serial dilutions over time, and of course your 1% might then be worth 0.1%

imho..

saffy..

[barnetpeter] 30/1/2009 18:52

I think this is a really good move. The mkt cap is stupid as is the spread. Crazy to pay 100k for a listing. I have two other stocks that have delisted for the same reasons. Fine by me - they will list again in due course at a much higher level.

How can this be at such a stupid level? A PE of about 1.5 with a fraction of the assets? The reason is that too many investors are fed up with the Langbar and similar dodgy Aim stuff. The average loss sufferred by investors buying AIM stocks is apparently 80% over the last three years. Average!

I am a buyer at 0.10.

[argy2] 30/1/2009 14:31

Treacle seems to post as giant steps on the TMC thread.

[egoi] 30/1/2009 13:53

Flat Eric what do you make of it?

[tiredoldbroker] 30/1/2009 13:26

That dirty, dishonest fantasist Treacle might at least have the humility to come back on this thread and own up to having told fairy stories about where the profits and share price were going - but given that (s)he's just the worst, lowest form of pond scum, a serial ramper who will say anything to try to fleece other punters of a few lousy quid, I guess that's too much to hope for.

Where are you now Treacle, what are you spinning your web of lies about now ?

[agreeable] 30/1/2009 12:48

problem here is that Haddow owns 25% plus other 'insider' own another 40% so it is a done deal. Shareholders should write to Stock Exchange complaining that external shareholders are prejudiced by this kind of action, dump shares at any price, then market makers will complain

[safman] 30/1/2009 12:20

delisting is the worst proposal for a shareholder. More than likely, you lose everything, and it seems all to common to me that, it have become more prevailent on AIM. Boils down to management, and whether they wish TO create shareholder value.

NOT an investor here. But pointing out how easy it has become to delist. That is why management is KEY.,

saffy..

[egoi] 30/1/2009 12:12

We don't have to be dis-agreeable on everything! -:)

Directors I see hold shares 'representing in aggregate approximately 1.72 per cent. of the issued Ordinary Shares of the Company........'

If my calculation is right that's under 5 million of over 280 million shares.

So there must be a good chance to defeat them imho (dependent on where most shares are of course) if people of my view but with shares are prepared to get off their backsides!!

If it was me I'd personally go back through old announcements find who are the bigger shareholders and ring up one or two to feel them out; if you found someone or an institution of like mind at that point they might do some of the spadework for you.

[agreeable] 30/1/2009 11:46

egoi
despite ouyr differences on VTS i agree, shareholders should vote against

[egoi] 30/1/2009 11:36

Mattrix you say 'if your able to sell after de listing........'

That's the crunch, these shares are illiquid as it is; just who do you think would buy your shares? I think you might do well to pay particular attention to the comment that:

'.......Following the De-Listing, there will be no market facility for dealing in the Ordinary Shares. However, while there can be no guarantee of any Shareholders being able to purchase or sell any Ordinary Shares, any Shareholder wishing to do so should contact the Company Secretary in writing at the Company's registered office at Cornwall Buildings, 45-51 Newhall Street, Birmingham B3 3QR. The Company Secretary will keep a record of all interested potential purchasers and sellers and will seek to match them where possible.........'

I think personally you will find getting a matched bargain quite a challenge, I would not be atall surprised if you find it a bit like people who buy into pre-IPOs and subsequently have difficulty, I am told anyway, selling.

If I was a shareholder (I am not) and was determined to keep my shares, I would personally vote against this proposal.

[mattrix1] 30/1/2009 10:44

I don't find the desision too surprising after reading why they want to de list. It must have been years since Capt have raised any money through Aim..they seem self sufficient now and could probably make better deals as a private company.

If you dont hold it might be worth buying a small amount and see what happens..Capt seems to be expanding quickly and are making profit..if they pick up an excellent valuation when private..Im sure the company will buy back a small amount of shares in the future.

edit Oh sh*t look at the graph!!

[mattrix1] 30/1/2009 10:33

egoi..That's a hard call, I still hold some and may have to phone the company to find out more info. Holding may not be a bad thing for shareholders..I imagine capt must feel the company is undervalued and when they raise money/pre ipo for their distressed companies they normally fetch a price tag of 3mil to 10 mil.

I wonder who would value capt as a private company and would it be worth the same as all the other companies it has promoted in the past. If this is the case then you could do well if your able to sell after de listing.

How much was Turnaround Capital plc Valued at and that will give you an idea! Capital ideas should be worth much more due to it's other divisions.

[egoi] 30/1/2009 10:10

Mattrix (if you still are holding) will you continue to hold? And do you find this decision surprising?

[argy2] 30/1/2009 10:10

But was she able to dump?

[8trader] 30/1/2009 10:06

Another treacle wonder pump and dump stock !

The list is endless !