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Highway Capital Share Discussion Threads
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|Has anyone heard anything since the DMH deal?It was supposed to have been concluded before end of 2016 and still nothing. I hope what ever they are working on it's massive. 35p options for DMH excisable at £1.50. Could open a ten bagger, when suspended Mcap was only £1.5mAllowing for additional shares, the right deal make HWC worth many multiples of this valuation. Hopefully us LTH's won't get completely diluted out of the deal. Looking at the directors current holdings (57% between 2 of them) before any additional funding and possible director participation or options granted, they would hopefully like to see dilution kept to a minimum.|
|Clearly DMH have approached Highway with a deal and Highway have then come up with the terms should they provide one.
So to my mind there is already an "oven ready" one pretty well on the table-so if it fits the bill it could come at any time over the next few weeks. The sooner the better.|
DMH's brief is only "to raise funds" but their success fee depends on the use to which those funds are put by HWC. Why would DMH sign up to that? If they have no control over how HWC use the funds, it follows that they have no hand in whether the share price reaches 150p.
|initial spike to 40p on re-list, then the mm's manipulate like mad?|
|This is an extraordinary announcement. Given that the company has no funds to speak of, they have persuaded DMH (and DMH have agreed) to supply services in return for a success fee. The option and its exercise terms equate to a success fee of at least £4,025,000. Success, in this case, means a ten-bagger from today's price.The services are "to raise funds for Highway to execute one or more investments and seek resumption of trading ... on the Official List". That should come sooner rather than later - all kinds of possibilities spring to mind. If the shares weren't suspended, I think the price would be jumping around...|
|24 October 2016
Highway Capital Plc ("Highway" or "Company") announces the grant of an option to Daniel Mark Harrison & Co Pte. Ltd. ("DMH") to subscribe for 3,500,000 new ordinary shares of 2p each in the Company ("Ordinary Shares") at a price of 35p per share.
The option is being granted as consideration for DMH providing its services to raise funds for Highway to execute one or more investments and seek resumption of trading of its Ordinary Shares on the Official List. The option granted to DMH is exercisable at any time until 20 December 2021 but only on the condition that the price per Ordinary Share, prior to any capital reorganisation, has reached 150p prior to the date of exercise.
AN OPTION AT 35P-well that is over twice the current price and only exercisable once price is TEN TIMES todays price.
Fingers crossed they set up a deal then.
About Daniel Mark Harrison & Co. Pte. Ltd.
Daniel Mark Harrison & Co. (DMH & Co.) is the North of England’s largest property development company based in Singapore and Manchester with over SGD $150 million of real estate assets and sales of SGD $40 million per year. The company’s Manchester-based Orchid Point developments are the fastest-selling properties in the North of England and are yielding 8% annual returns. DMH & Co.’s founder, Daniel Mark Harrison, is the oldest of 9 generations of the founding family of Europe’s oldest security printers, Harrison & Sons Ltd., founded in 1750 and sold to De La Rue PLC in 1997.
LOOKS LIKE THEY ARE GOOD AT PRINTING MONEY THEN|
|Something's on the way, and they didn't assemble that team of directors for nothing. Looking forward to readmission and seeing what they've been up to.|
|Going to be a reverse takover of some sort,will just have to wait and see what news comes out next. Lets hope its a good one so share price flies.|
|Confusing RNS, so are we looking at an RTO?
"As such, the Company has requested that trading in its ordinary shares be suspended with effect from today pending satisfaction of the conditions under the Listing Rules for readmission following a reverse transaction."|
|New Directors data
|Up this morning after Fridays AGM Announcement by 33% on level 2. This is a real tiddler and could really rocket at any time as a deal comes in as the Directors intend to change it into a big company after years as a shell.
Highway's price has come down a bit but latest resolutions to issue shares now has HIGHWAY fully primed for action.
The next move will be the new directors actually taking a stake in the company.
This will be either them being issued ordinary shares for cash or some of the £3 million convertible loan notes that are available.
This could also see a purchase of an investment for shares or shares and cash.
Has been slower than I thought to get to this stage,however the next thing we should hear out of the blue is one of these events occuring which should light the touchpaper.
It is interesting to note that major share holders including Paul Fellerman have not sold any stock despite the price drop. So they must be happy to remain invested and I hope we all will be soon. In fact now is probably the best time to add a few.
Well lets see what happens next TO THIS £1.1 million SHELL.|
|This could become very interesting as Polish investors can now buy, which means the Directors chums as well as the polish investors, who know the directors abilities become aware of this shell.|
|Well something's going on...|
|think we've waited long enough.|
Appointment of Polish Broker and Director's Dealing
Notice of Annual General Meeting
19 August 2016
Highway Capital Plc is pleased to announce that Bank Zachodni WBK has become the first Polish based broker to allow local customers to deal directly in the company's shares. Dariusz Zych, a non-executive director of Highway, made the first symbolic purchase through BZ WBK, acquiring 10 shares in Highway at a price of 13p per share on 17 August and this represents his entire current interest in the company's ordinary shares.
In addition, Highway has posted to its shareholders notice of its annual general meeting to be held on 9 September 2016 at which resolutions will be proposed, inter alia, to reappoint the entire board of directors and refresh the company's ability to issue shares on a non pre-emptive basis.
LOOKS LIKE ACTION TO TAKE PLACE HERE SOON.|
|Yep, lack of news has caused the impatient to sell out-we do need some news here its been long enough with the new directors in control.|
|Disappointing to see the share price drop sharply on a couple of small sells. We are past the half way mark between the 27 June announcement of a 3-month loan to Mylux, and its repayment date. Further news of what the new team has in store for shareholders would be reassuring...|
|Mr 253 makes a welcome return ;)|
|I find myself most reassured by the Chairman's Statement accompanying the results. Enthusiastic optimism with a good sense of calm and no hyperbole. Suits me!|
|These are very short term loans.
Unusual to want the principle paying back within 3 month.
I'd guess HWC are looking to do a debt for equity swap in a few months With Mylux.|
|Obviously something is going on here and the borrowing of cash will not continue.
I think they have waited until after the referendum for action which I expect will be an issue of shares to the new directors for a cash injection so that they gain control.
We'll wait and see.|
|Is this a cover up, who and what is this medical company, three top directors
with a pedigree of financial ability, I feel we as shareholders aren't being told
the full story in my estimation, it has taken many years for highway to get to
any thoughts .|
|Why have a main market for this, very strange, and gets more by each rns|
|Curiouser and curiouser. Another borrow & lend. Can't see the destination here, but holding.|