Share Name Share Symbol Market Type Share ISIN Share Description
Cip Merchant Capital Limited LSE:CIP London Ordinary Share GG00BF8NW879 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 50.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
35.00 65.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments -3.43 -6.00 28
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 50.00 GBX

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Date Time Title Posts
07/6/202215:07::: CIP MERCHANT CAPITAL LIMITED :::256

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Cip Merchant Capital Daily Update: Cip Merchant Capital Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker CIP. The last closing price for Cip Merchant Capital was 50p.
Cip Merchant Capital Limited has a 4 week average price of 24.10p and a 12 week average price of 24.10p.
The 1 year high share price is 65p while the 1 year low share price is currently 24.10p.
There are currently 55,000,000 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Cip Merchant Capital Limited is £27,500,000.
ochs: Not sure what to do - the best sell price I've been offered today is 35.5p, but buys have gone through at 50p and even 60p, so someone is still buying. Plus the NAV was confirmed as 81p this morning - what a strange situation! Will those left behind be made an offer by CFE... but only after de-listing and what price is that likely to be at?
ochs: Hi ammons, no unfortunately not - I'm rather disappointed with the whole thing. Currently still holding, as receiving 26.75p a share seems like daylight robbery with a NAV of at least 80p!
ochs: Spread now 20p to 60p! Someone is buying at 50p... and price quoted to sell is 26.75p. Tomorrow is last day of dealing.
ochs: Any current views? It seems they've made no effort to get to 90% - does that mean they're not bothered about the 13% they don't own? Seems strange as usually with a takeover the purchaser ultimately aims to own 100% and if you take no action early on you still get the offer price (60p).
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.
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?
mammyoko: Price of squeeze-out is 'fair value'. Court will take 'fair value' to include a discount for the lack of liquidity in a minority shareholding. Recent court case saw a 55% discount applied. As a dissentient shareholder you can be legally screwed.
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 !!
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 !!
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).
Cip Merchant Capital share price data is direct from the London Stock Exchange
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