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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Formation Grp | LSE:FRM | London | Ordinary Share | GB0030432735 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.75 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 1.75 | GBX |
Formation (FRM) Share Charts1 Year Formation Chart |
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1 Month Formation Chart |
Intraday Formation Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 02/12/2020 | 12:17 | FRM: BACK FROM THE DEAD.!! | 956 |
| 07/1/2015 | 09:29 | Foundations laid Scaffold in place. | 14 |
| 31/10/2013 | 10:27 | FORMATION (FRM) results very soon, looks good value> any followers? | 599 |
| 31/5/2013 | 18:45 | Formation Group | 169 |
| 26/3/2012 | 10:36 | Formation Group/ Wayne Rooney court case | 73 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 02/12/2020 12:17 by barnetpeter Formation announces that the Company has today submitted a request to Aquis Stock Exchange Limited (‘AQSE’) that the ordinary shares of 5p each in the Company (‘Ordinary Shares’) be withdrawn from trading on the AQSE Growth Market with effect from the close of business on 31 December 2020 (‘Withdrawal&#Pursuant to the AQSE Growth Market - Rules for Issuers (‘AQSE Rules’), AQSE may grant Formation a derogation from the requirement to obtain shareholder approval for the Withdrawal, if the Company has obtained irrevocable undertakings to vote in favour of a resolution proposing Withdrawal from shareholders representing 75% of the votes eligible to be cast on such a resolution. Zandra Holdings Limited (‘Zandra’ Accordingly, AQSE has granted a derogation from the requirement for Formation to obtain shareholder approval for Withdrawal and the Company is simply required to give at least 20 business days' notice of the intended Withdrawal, which will take effect from the close of business on 31 December 2020. Effect of the Withdrawal The principal effect of Withdrawal is anticipated to be a reduction in the marketability of the Ordinary Shares. There would no longer be a formal market mechanism enabling shareholders to trade their Ordinary Shares on the AQSE Growth Market or any other recognised market or trading exchange. The Company’s Annual General Meeting will take place on Thursday, 25 February 2021. At that time, the Directors will use their reasonable endeavours to present mechanisms which provide minority shareholders with the much needed liquidity that has been absent due to the very limited trading of Ordinary Shares, and an opportunity to exit the company if they so desire. Such mechanisms may include a share buyback. No dealing and settlement arrangements will be in place following the Withdrawal. Shareholders who wish to trade their shares following Withdrawal are advised to write to Formation’s Company Secretary, at Oakwood House, 414 – 422 Hackney Road, London E2 7SY. Following Withdrawal, Peterhouse Capital Limited will cease to be the Company's AQSE Corporate Adviser and the AQSE Rules will no longer apply to the Company. In addition, the Company will no longer be required to comply with any of the specific corporate governance requirements for companies admitted to trading on the AQSE Growth Market. The Company will remain subject to the City Code on Takeovers and Mergers. The Directors of the Company accept responsibility for the contents of this announcement. |
Posted at 13/11/2020 18:34 by crescenter Whilst there are serious concerns surrounding the lack of liquidity and the 90% controlling interest I do wnder if this is due a windfall under the profit share from the development of mahatma gandhi house.Since lockdown ended the housing market has been on fir and from enquiries made with estate agents marketing these properties they are and have been flying off the shelf. mahatma gandhi house is well located just off from Wmbley Stadium so investors have been snapping them up. |
Posted at 18/6/2019 10:10 by barnetpeter Strange share deal to raise 10 million and purchase by director .... |
Posted at 02/4/2019 19:25 by p@ It's all very well saying Proton is worth £2.27,but no-one has ever bought or sold a share! |
Posted at 28/2/2019 14:00 by blondviking Nearly doubled their money in 6 months, lets hope the share price reflects this investment,Anybody at the AGM? |
Posted at 26/9/2018 22:44 by barnetpeter hxxps://www.proton-iThey put 5 million into this....protom beam therapy unlisted company that is not doing much at the moment it seems. Nothing to do with building and could have handed back 5 pence per share or so.....but hey ho |
Posted at 17/1/2018 23:24 by barnetpeter ok....my broker had cancelled the price and when i looked on nex there was no a note saying not traded. maybe they forgot to pay nex..... |
Posted at 18/1/2017 07:55 by mjcrockett Formation is now listed on ISDX and the share price can be found at this link: |
Posted at 16/12/2016 11:03 by barnetpeter No it wont.."The percentage of securities in public hands (as defined in the ISDX Growth Market Rules for Issuers) is 25.71 per cent. There are currently no options or warrants over Ordinary Shares outstanding". I am not prepared to sell either.....I doubt the price falling much more than the current share price The company has a lot of cash and property. I really dont understand the logic of delisting....the value of the concert party shares is down by over £15 million. Even if the company is asset stripped they wont get anything like that back. Many PI's have sold out at around 1.5p to 2p and all these shares have been bought up ....I can only think by someone who knows the company well. If we see the results are as stonking as previously promised then the mystery deepens... |
Posted at 28/4/2016 14:58 by wexboy 2016 – The Great Irish Share Valuation Project (Part I):Company: Formation Group (FRM:LN) Last TGISVP Post: Here Market Cap: GBP 14.3 M Price: GBP 6.5p At 2.05p per share, I tagged FRM as a ‘penny stock, which…could rally very nicely if it catches investors’ attention’. Little did I see it trading sideways for a year…only to transform, in a mere eight months, into a bloody six-bagger (hitting a 12.7p high). A typical case of small PIs losing their friggin’ minds! Formation is: i) a governance nightmare, with the Kennedy family owning a 60% stake & activities devoted primarily to related-party deals/JVs, and ii) essentially, a construction management company (a perpetually unattractive business for most investors) that still can’t turn a profit, despite the ramp-up in revenue…and risks. Granted, the Kennedy Show works both ways, as FRM earned a quick £2 million on this related-party deal & the construction business arguably covers an otherwise substantial overhead burn for such a small company. [Though if we exclude the sweetheart profit, FRM’s actually made zero progress vs. my £6.9 million adjusted equity estimate from two years ago]. But overall, considering the improved investor sentiment & likely near-term news/profits from its Iverson Road development, a 1.0 Price/Book ratio now seems appropriate (based on adjusted equity, to reflect the post year-end write-back of non-recourse Dunbar Assets loans): (GBP 7.6 M Equity + 1.0 M Neg Equity Reversal) * 1.0 P/B / 221 M Shares = GBP 3.9p PIs got well ahead of themselves here…despite being sliced in half since the Jan high, FRM remains substantially over-valued. And if 6.25-7.25p support breaks, we’ll probably see another nasty shake-out. But the elevated share price may still be good news for management, as a substantial fundraising might be possible, which would help close the value gap here (as NAV would increase) – and with two well-known Irish politicians appointed since as directors, a new focus on Irish investors/projects wouldn’t be surprising, though Greater London residential also remains attractive. Price Target: GBP 3.9p Upside/(Downside): (40)% For related links/graphs/files, and more TGISVP analyses/price targets: Google the Wexboy investment blog. |
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