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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cip Merchant Capital Limited | CIP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 50.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 50.00 | 50.00 |
| Top Posts |
|---|
Posted at 25/7/2022 18:00 by yarnton Unfortunately i have allowed myself to be stuck with CIP shares after de-listing.Does anyone have any suggestions for possible action to encourage CFE to buy out at the 60p offered price the remaining small shareholders ? |
Posted at 09/5/2022 11:46 by galles Further to the announcements of 1 April 2022 and 20 April 2022 by Corporation Financière Européenne S.A. ("CFE") declaring its final offer for CIP to be wholly unconditional and confirming that there would be no further extension of its offer and that it owns or has received valid acceptances over 48,020,847 ordinary shares in the capital of the Company ("Ordinary Shares"), representing in excess of 75 per cent. of the voting rights of CIP, and in line with CFE's intentions stated in its final offer document dated 18 March 2022, the board of CIP announces that it has applied for the cancellation of admission to trading on AIM of the Ordinary Shares (the "Cancellation"). The Board confirms that it has agreed with AIM Regulation that the Cancellation is expected to occur on or shortly after 7.00 a.m. (London time) on 8 June 2022. Admission of the Ordinary Shares to trading on AIM will be cancelled without the requirement for a resolution of shareholders approving such cancellation pursuant to Rule 41 of the AIM Rules. The Board further notes that, following the Cancellation, the liquidity and marketability of the Ordinary Shares will be significantly reduced. |
Posted at 21/4/2022 18:41 by mammyoko Although the ordinary shares in CIP will remain transferable, they will cease to be transferable through CREST. Shareholders who hold ordinary shares in CIP in uncertificated form in CREST will, following cancellation of trading on AIM becoming effective, be sent a share certificate for those Ordinary Shares.How will you transfer your shares once they're cancelled? |
Posted at 18/3/2022 11:44 by pavey ark I sold here but fortunately moved most of the cash into Coro.CIP has a holding in Coro and Coro is up c.12% as I type.....something for CIP holders to consider ....60p may look rather cheap soon....or now !! |
Posted at 01/2/2022 15:29 by pavey ark Simple arithmetic at play here.If CFE come in with a more reasonable bid of 65p they will have taken CIP at a 30% discount given that they bought over 30% at under 55p. Still worth holding here as I suspect things will improve further.... c.33% discount at 58p. |
Posted at 27/1/2022 16:57 by pavey ark Good to see Simon Thompson saying "Ignore opportunistic bid for CIP Merchant Capital"(Jan 24th).He then goes on to absolutely rubbish the 55p offer and tells CFE:- " If CFE wants to buy out CIP’s shareholders, then it should raise its cash offer to a sensible level and one that accurately reflects the value of CIP’s underlying investments." Fair enough I say !! |
Posted at 19/1/2022 10:11 by pavey ark Yes I did see theses trades and the announcement of further buying at over 55p.Here's a little bit of info for the restless.....if you decide to wait say three months to see how things pan out here your downside would appear to be limited but if in that three months the offer is increased to 60p your annualised return is between 36% and 40% if it takes 3 months ( obviously even greater if the time period is less) No matter what your opinion is of the running of CIP I personally don't see a vast number of investment prospects with better odds. NB....You pays your money you takes your chance !!! |
Posted at 17/1/2022 19:30 by ceaserxzy it makes one laugh out loud reading the CIP directors response to the offer saying they are mindful of shareholder best interest, both rich and late as they themselves have milked their shareholders for so long, only now worried someone else will take away the cow that gives them the milk from them.I for one will be happy to hand over my shares for somewhere between 60 to 65p simply to get rid of these cr*p and greedy managers and directors! |
Posted at 13/12/2021 11:31 by skyship CIP Merchant Capital (AIM:CIP), a closed-ended investment company, announces that it was informed on 9 December 2021 that, Goldfinch SA ("Goldfinch"), a company wholly owned in equal proportion by Marco Fumagalli and Carlo Sgarbi, purchased 260,000 ordinary shares in the Company ("Ordinary Shares") (the "Share Purchase").Following the Share Purchase, Goldfinch holds 4,521,527 Ordinary Shares, representing approximately 8.22 per cent. of the Company's issued capital. Accordingly, Marco Fumagalli is beneficially interested in approximately 4.11 per cent. of the Company's issued share capital and Carlo Sgarbi is beneficially interested in approximately 4.47 per cent. of the Company's issued share capital (including 200,000 Ordinary Shares held directly by Mr Sgarbi). |
Posted at 18/11/2021 10:46 by skyship So, without another ST tip in the IC, CIP has again drifted back to a 38% NAV discount.NAV comparisons are always difficult due to timescale choices. But if we quite reasonably look at the 12month period of end Oct'20 - end Oct '21, then the NAV has risen from 75.8p to 90.2p – a rise of 19%. Acceptable in itself, but pretty derisory when compared with the FTSE100 (+29.6%); the FTSE350 (+30.5%) & the Small Cap Index (+45.6%). This last is the sea in which CIP attempts to trawl. The continued under-performance is stark; and I have written to the Chairman twice on this subject; and of course on the appalling management fee structure, the 2%/20% successful hedge fund formula. As we know however, the fund managers have shown themselves to be total rubbish; so criminal that the Chairman hasn't yet acted on the matter. Seems as though ST again or corporate action are required to get us back over 60p. More anon... |
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