Ienergizer Share Discussion Threads

[rcturner2] 24/4/2023 13:45

The funds will be the sellers here as they cannot hold unlisted shares.

[tomboyb] 24/4/2023 13:44

250k available at 32p -

someone still offloading -

certainly tradewatch but lets see where it goes -

[babbler] 24/4/2023 13:34

It means if you find a buyer on a list of buyers and price they want to pay you can sell your shares to them via the facility. Usually via a broker or mb website

[kirk 6] 24/4/2023 13:32

what does that mean though?

[tomboyb] 24/4/2023 13:31

Missed that last bit for matched bargain for up to 1 year -

[babbler] 24/4/2023 13:29

There will be an after trading facility for at least 1 year post delisting via matched bargaining.

[kirk 6] 24/4/2023 13:23

so it cant be the major shareholder selling either then as they will need to keep their shares for the AGM next month. 18% must be selling

[tomboyb] 24/4/2023 13:20

Just had a look at the shareholder list -

82% held by one shareholder -

Problem is now no after trading facility either -

Reminds me of ITs RNS where I lost a load -

That is a shame unfortunately -

Years prior they may have made an offer for the remaining equity -

[kirk 6] 24/4/2023 13:19

That's what market regulators are for though. Ill get a friend to take a look who works in the industry. Probably nothing will come of it but worth a try.

Expecting a big rally at some point.

[hedgehog 100] 24/4/2023 13:18

The net debt here looks to be c. US$100M., so that should be added to the market cap. to give the enterprise value: i.e. EV of c. US$170M. at c. 30p/share.

Compared to the the last reported full year revenue of $265.2M.

How much would you expect this revenue to be valued at in an unlisted company at the mercy of one major shareholder?

You would think that it would be pretty lowly-rated, and the same with the profit.

[tomboyb] 24/4/2023 13:15

Tempted for a trade but seems a big seller still around -

On watchlist for a trade -

[kirk 6] 24/4/2023 13:13

agreed not seen anything quite so criminal as this before. Surely this cant be allowed . The market regulators can not let anything quite so extreme as this surely?

[bensdad2] 24/4/2023 13:08

Also, how can the supposedly independent directors think that it is in the interests of minority shareholders to remove the facility to trade shares which is available on AIM; to remove the protections that exist because the company is listed on AIM, including the protections, and the takeover code; and to remove the protections for shareholders enshrined in the relationship agreement? They should be ashamed of themselves in, and also, they issued the lobbied to change their minds about this woeful decision

[zen12] 24/4/2023 13:04

Scandalous / outrageous, BOD destroying their own reputations here rapidly. Shows have little regard for other shareholders.

[bensdad2] 24/4/2023 13:01

This is really scandalous. The price has been slashed to one tenth of the price before the RNS. It is now only a little above the total anticipated dividend payment for the year. The interim dividend was 11p up from 8p last year; the final dividend last year was 13.8p. So if the final only went up to 15p this year, the total for the year would be about 26p.How can the directors consider that it is in the interests of (minority) shareholders to take action which literally decimates the share price, and reduces it to only a little above the total anticipated dividend payout???

[nakedmolerat] 24/4/2023 12:59

Surely this will be a panic for the door now with sellers offloading and not wanting to end up with nothing. With a main holder of 82% and 75% needed for the vote to go through, nothing can be done.

[johndoe23] 24/4/2023 12:51

So the share price doesn't crater more

[kirk 6] 24/4/2023 12:46

The Directors have conducted a review of the benefits and drawbacks to the Company and its shareholders in retaining its quotation on AIM, and believe that Cancellation is in the best interest of the Company and its Shareholders as a whole

[ak62] 24/4/2023 12:39

100,000 SOLD in lumps of 5000
wonder why.

why not just sell one lump 100,000

[rcturner2] 24/4/2023 11:24

There is nothing per se wrong with AIM. The problem is allowing foreign companies to list on AIM with a Guernsey HQ and a majority shareholder with over 75%. The whole thing stinks. The fund managers who have bought stakes in companies like this should be fired.