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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fusionex | FXI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 63.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 63.50 | 63.50 |
| Top Posts |
|---|
Posted at 16/8/2021 18:05 by scuava Yeah I finally got a mail from Degiro saying there was a takeover offer at 70p. Nothing since then and nothing in the app itself, so just waiting now. Fusionex investor relations emailed to say there was already sufficient interest that the deal would go through so I think we’re all going to get cash @ 70p/share. No idea how long it’ll take though |
Posted at 23/7/2021 13:11 by peterm10 Could you send me the email for investor relations. Much appreciated |
Posted at 23/7/2021 10:59 by scuava This is what I had from investor relations…Thank you. We have managed to trace your holding. In summary, the company received an offer for the acquisition of all shares and this offer was notified to all registered holders including your broker on 19 July 2021. The offer price may be obtained from your broker. Should the company receive acceptance of the offer from shareholders holding in aggregate 90% (9/10ths) or more of the company’s shares, the offer becomes unconditional and the remaining shares will be compulsorily acquired in due course. It has been mentioned in the notification issued on 19 July 2021 to your broker that shareholders holding more than 90% of the shares of the company will be accepting the offer, and indeed the company has as at to date already received the signed acceptance forms amounting to more than 90%. Hence it is our recommendation that you instruct your broker to accept the offer on your behalf soonest in order to facilitate a faster receipt of the consideration amount payable to you for the shares that you hold. |
Posted at 23/7/2021 10:57 by scuava My understanding is it’s an all share offer, so if they acquire over 90% of the shares the remaining 10% will also automatically be sold at the offer price.I just had a response from investor relations that said they’ve already exceeded the 90% threshold, so it sounds like all shares will be acquired at 70p. Unless I’m misunderstanding something or my info was wrong. But yes I agree, if they’re buying for 70p it suggests they’re worth more. So that sucks if it’s the case that we have to sell. |
Posted at 13/12/2020 09:39 by scuava Yeah it’s hard to get any info about them, they just have the occasional post about sponsoring some event. It still looks like the tech is pretty good and the key person/people involved clearly have some talent.My hope is they’re just focused on the work hence wanting little to do with investor relations or anything else, and likely having cut all non-essential costs. Investor relations asked if I would be interested to sell my shares, which seemed strange, maybe they asked just to imply they’re in demand? It would be good for us to be connected up with a few other investors to share any info that comes to light actually. Best of luck with your holdings |
Posted at 16/7/2020 17:18 by chadders TTS, from memory after the share was delisted you had to apply for a share certificate which is how your address would appear on FXI's share register. If you didn't do this then maybe the letter would go to IWEB and then on to you but only if they felt like it as there's no support usually for delisted shares. It would be worth contacting them.The 85p being spoken of is from a previous poster a few days ago. I've made no contact with investor relations so do not have first hand knowledge of the price, although I'd be surprised if it wasn't true. |
Posted at 15/7/2020 22:24 by bobogyo Did you notice their website is now fusionexUS...They must prepare for US listing, I am sure.Their role in the current global environment is becoming pretty significant. There is more potential in this comapany but I wish it would be relisting to spread this to the public investors better. 85p is peanuts today.https://www.fu |
Posted at 01/6/2017 13:32 by dennislevine The value of the company is not worthless but the value of the shares to an AIM investor are worthless; Teh and his cronies will reap all the benefits when it de-lists. Individual investors in UK will, most likely, never see any value for their shares. Jersey company at the moment - how long before that is shifted to Malaysia where corporate governance is shocking. Teh can then shaft remaining minority holders out of the public eye all he wants to take full control. Matched bargain trading etc - its a dream as no shares will ever trade.As for the remaining broker Stifel they seem strangely to be backing this move from Teh which puts them at risk of alienating UK institutions and investors. The circular clearly states on the front cover Stifel "is acting exclusively for the Company in connection with the Cancellation". If Stifel had any morals they would not be assisting in this move by Teh and they would have resigned last week along with Peel Hunt and the PR advisers. Strange. If Teh was honourable he could have lined up some financing to take this private at a premium; if it is so undervalued as he claims he wold have had no problem getting a private equity partner to join him in funding a bid. Stifel should have pushed him in that direction rather than shaft minority UK investors. If he behaves like this with a public company he will be ruthless to minority shareholders in a private company. |
Posted at 28/5/2017 19:34 by j777j Seems an odd way to treat shareholders who have suffered a disappointing shareprice performance.Tech boss plots AIM exit, leaving farmers in lurch Daniel Dunkley and Simon Duke May 28 2017, 12:01am, The Sunday Times A Malaysian millionaire is trying to seize control of a London-listed technology business — without launching a takeover offer. Late last week, the founder and chief executive of Fusionex unveiled a plan to take the £70m software developer private. Instead of buying out investors, Ivan Teh wants to pull the company from London’s junior market, AIM. Shareholders, including the National Farmers Union’s financial wing, would be left with stock in an unquoted company, which could be difficult to sell. The manoeuvre — unveiled after the stock market closed for the bank holiday weekend — is the latest controversy to hit AIM. Several companies based in Asia have abruptly left the market, leaving investors with illiquid holdings. In 2015, sportswear maker Naibu Global International was booted off AIM after its Chinese directors disappeared. In February, the Chinese home furnishings company Jiasen International, which floated in 2014 at 82p a share, delisted from AIM. Chinese drugs maker Taihua left the market earlier this month after failing to raise cash. Fusionex stands in marked contrast to Taihua, as it is profitable and does not appear to require fresh capital. The company develops tools to analyse the huge amount of data generated by businesses. It has offices in America, the UK, Australia and across Asia. For Teh’s plan to succeed, he will have to secure 75% of the votes at a shareholder meeting next month. The 41-year-old, who founded the company in 2005, owns a 41% stake worth nearly £30m. Chen Keat Ming, a senior Fusionex employee, holds 13%. A source familiar with Teh likened shareholder ballots on AIM to general elections, with a large minority typically not casting their votes. “He has made a calculated judgment that he can get to the 75% level without the support of other shareholders,” said the source. Teh said the company’s share-price performance had been “disappointing Fusionex’s chairman is John Croft, described on its website as an “experienced director of AIM-quoted companies”. Croft did not return calls requesting comment. When Fusionex floated at 150p in 2012, Teh lauded AIM’s “appeal as an international platform of high repute”. West Yorkshire Pension Fund owns 2.8% of Fusionex, with NFU Mutual sitting on a 1.5% holding. Other investors include Credit Suisse and Standard Life, according to the company’s website. Teh could not be contacted for comment. |
Posted at 27/5/2017 13:32 by galeforce1 I think that private investors have to try to fight this.The Institutional Investors (credit Suisse and Standard Life) currently have 8% between them. If they vote against the proposal, that's only another 17% to find. The Board currently has 41% committed, and its supporters may buy in the market up to June 15th. Presumably one of the reasons for the company putting out the RNS after market close on a Friday before a Bank Holiday is because it gives us all 3 days less to react. The EGM is on June 15th. It's a good idea for PIs to report their concerns to the FCA, via the website, or by telephoning. Retail investors are being badly treated here, and the FCA usually doesn't like that. The company should be obliged to make a tender offer to shareholders who want to exit. That would be the fair thing to do. The company has the cash to do this. |
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