Forte Energy Share Discussion Threads

[tmmalik] 06/1/2016 07:13

Still 300k left for darwan

[guyswonga74] 03/1/2016 07:21

But can't they use our year losses as a tax discount whic adds value. Would be nice to see a market cap of the new company of over 10 million

Off topic did anyone see the amazing RNS from CLP on New Year's Eve plus the huge delayed buy at 0.95p. Also have a few WRES but do your own research

[hope67] 02/1/2016 20:16

Another glitch?

[9stars] 02/1/2016 09:51

mkt cap is now £30bn @ £235 per pop .... similar to rio tinto according to barc fat fingers

[hope67] 31/12/2015 23:58

Just depends what the market cap is eventually, they will have to relist at approx 6.66 million to be where we were prior suspension. Nice profit for Darwin if that happens be glad to see the back of them.

I thought our assets would be worth something 15 years later and they are written down to zero nice one Mark Reilly.

Must try and be positive though as a new Fintech company I hope you will be looking to attend

hxxp://europe2016.finovate.com/

[garykc] 31/12/2015 08:33

sleveen. I read that we will have 15% of the enlarged group. Will read through the RNS again more slowly this time. Still, 15% of x£m is better than nothing!!!

[pwhite73] 31/12/2015 08:32

The market cap of Forte is £750k. As of 29/12/2015 there were 12.5 billion shares in issue. Multiply that by 0.006p the mid closing price before suspension and you get £750k.

[keya5000] 31/12/2015 08:25

So 15% of an entity worth £10m is less than what you have today?

Don't make silly statements till you see the value of the enlarged group.

The enlarged group will have to be worth less than £3m for this to be a bad deal.

[tmmalik] 31/12/2015 08:23

15% seems very less ,they have to revise this in order to get approval from shareholder,but it depends upon value of BGL.

[garykc] 31/12/2015 08:04

My thoughts exactly keya5000. Although bitterly disappointed as the events here, 15% is better than nothing and at least now we have a future direction. Not sure how much BGL will be worth, but hopefully considerably more £250k

[sleveen] 31/12/2015 08:03

keya5000

That's the situation prior to the funding.

What will that funding be, convertibles or a placing?

[keya5000] 31/12/2015 08:00

Sleeven doubt it 15 % is likely to be worth more than 250-300k what the whole lot is worth today.

[sleveen] 31/12/2015 07:46

"prior to the proposed capital raising, BGL
shareholders will hold approximately 85% of the enlarged entity, with the remaining 15% held by existing Forte shareholders."


so current FTE holders diluted further.

[herbyrainer] 31/12/2015 07:18

Yes, read the RNS released today.

[sweepie2] 29/12/2015 22:22

Thanks hope, have a tiny amount from the end of November but will only watch atm before adding, best of luck

[hope67] 29/12/2015 19:12

sweepie2

From the funding rns we borrowed from DJFT it is the private investment vehicle of Michael Travia, founder and Group Chief Executive of BGL

[hope67] 28/12/2015 21:22

BGL has publicly stated its objective to be a listed organisation in UK, Australia and United States over the coming five years.

Does this mean they will be looking to rejoin the Asx once the rto is completed?

Cautious7

Deal should complete before April (if it goes ahead), which looks pretty likely seeing as the Group Chief Executive of BGL has lent fte money, but nobody knows the terms yet so its anyones guess at what price we will open at. New Fintech start ups in Austrailia have risen anything from 50% to over a 1000% but this is Aim anything can happen.

hxxp://www.computerweekly.com/news/4500257909/Fintech-growth-rates-explode-in-Australia

Check out the board members at BGL

[keya5000] 28/12/2015 15:27

Sweepie don't think they would have funded them or become visible at this stage if the deal was unlikely.

People need to get over the issue that this was perhaps the biggest pile of poo on aim and a new entity that will have no resemblance or baggage of the old will emerge out of this.

I expect those in at the last traded level will do nicely.

[cautious7] 28/12/2015 15:20

what price do you think it will return and when? Thanking you.

[sweepie2] 28/12/2015 15:15

Until next time they need an handout and then Darwin will be back in, will see what the deal is before reinvesting but the cynic in me also thinks that the deal won't be made, time will tell

[hope67] 28/12/2015 14:02

If Darwin are out completely and thats a big if, this will re-rate on that news alone.

[guyswonga74] 27/12/2015 18:23

the problem for those who were shorting is that it may take a while for there brokers to be up and running with the new company and ticker Hargreaves Lansdowne will take ages i am sure one thing for sure when it resists at whatever entity it will be it will for sure be volatile i do see those who bought in sub 0.02p should see a decent return, and maybe darwin remaining CLN may be paid off during the RTO agreement