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[trident5] 07/8/2018 12:48

Assagai - yes, wrong captain.

I think this acquisition is inconsistent with his spiel on IGE's strengths - particularly its distribution network.

Also, based on historic figures - it looks too expensive. And acquisition synergies are rarely delivered.

You might be happy - I'm disillusioned.

[monty68] 07/8/2018 12:24

Lets wait for the announcement before we panic.

[assagai] 07/8/2018 12:03

What a great pity. The actual amount of shares at 4p did not create so much dilution. The real loss will be if we lose this deal and the immediate benefits it would have brought.

Trident, wrong Captain??
How fickle and short memoried some shareholders are. Personally I would rather not kiss my not insignificant investment goodbye.

[trident5] 07/8/2018 11:08

I hope it's blocked - but if it is we have the wrong captain on the bridge.

[paleje] 07/8/2018 10:59

Interesting.

I thought the logic behind the acquisition was good but shoddy regard for shareholders so good for Rise Step. If they agree something amicably for this one perhaps there could be assurances given regarding future ambitions perhaps?

[trident5] 07/8/2018 10:46

They've adjourned today's general meeting- as biggest shareholder wants clarification over acquisition and dilution policies.

I didnt like the acquisition news - but this company seems to be stumbling from one crisis to another.

Meeting booked to start at 10am, cancelled at 10.30am - clearly meeting started and they couldnt agree to vote through. Shambles.

[assagai] 01/8/2018 15:58

GN, yes that's a fair point but as has been mooted before, the city isn't kind and for sure it was a case of this is what you can have, nevermind what you want! The point is the gearing up of profits just means short term irritation in exchange for medium term doubling of profits and a stronger balance sheet.

[gnnmartin] 01/8/2018 15:12

I would like to go to the meeting, but it being at 10:00 is inconveniently early, so I probably won't.

I was disappointed that they felt they could only get 4p per new share. That makes the acquisition a bit less of a bargain. It makes me nervous that we have not recovered as fully as I had hoped from the S. Korea cancelled order.

[assagai] 01/8/2018 13:21

It think Cantors may have some surplus.

[pugugly] 01/8/2018 13:15

Assagai -agreed they are probably PI buys but someone has to be selling unless the MM's took on a wodge of the recent placing on spec - if so- nice for them.

[assagai] 01/8/2018 13:09

Most of today's trades are in fact buys. Why the share price has dropped is puzzling.
MrM. I assure you I am no longer studying.

[trident5] 01/8/2018 13:06

Assagai - blaming him is not the point. I'm trying to judge whether he'll make me money.
If he's on some empire building ego trip - then I'm worried.

[monty68] 01/8/2018 13:05

mrmacgregor-Pleae do not start that up again. I attended the meeting where the matter was fully discussed, and am quite satisfied that everyone, especialy Bill, acted entirelty properly.
If you had questions to ask, you should have been at the meeting.

Assagai- Quite agree.

I am sorry not to be able to make the meeting due to family bereavement, I was looking forward to hearing some more about the Todd deal.

[pugugly] 01/8/2018 12:54

Assagai - Agred but very difficult moving from V Lage Coy with massive support teams in all areas of legal, patents, production, marketing, finance etc to a micro minnow like IGE - You just have to see what has happened with previous management who came from major coys - Not saying it will happen here but something that needs to be watched very closely (imo)

Also from share transactions looks as though some who participated in the placing may be bailing out for a nice 25% profit - you cannot blame them. (e&oe)

[mr macgregor] 01/8/2018 12:51

I'm impressed. You find time to study law in between looking at ADVFN.

[assagai] 01/8/2018 12:47

Trident, fair point but Bill came from Smiths in a senior position. You can't blame him for wanting to build a smaller version here. He knows what he is doing! This acquisition opens doors to a whole new level of customer for existing products. Governments (well in the main) also tend to be reliable payers.

[assagai] 01/8/2018 12:44

MrMacregor, I would say you are wafer close to libel. Or was your boundary / boulder gaffe intentional?

[trident5] 01/8/2018 12:32

But why have they got to grow by acquisition?
They're small. The market's relatively big. They've got good product. Excellent distribution.
Why aren't they sticking to the knitting?

[mr macgregor] 01/8/2018 12:30

I agree it was always planned, and I believe the increased share price before the Boundary Capital share sale, a company in which two of the directors had a financial interest, was also planned. These directors are players.

[assagai] 01/8/2018 12:25

Really,?? clearly as a concerned investor you will attend the general meeting and put that question to the Board. And hopefully get an answer you can understand.....
Just go back three years and read.. Additional growth by acquisition was always planned.

[mr macgregor] 01/8/2018 12:10

Evolve organically?
"The Directors believe that the Acquisition could create the potential for further acquisitions with similar opportunities for synergy and growth."
A well trodden route to mask poor performance in the underlying business.

[monty68] 30/7/2018 15:19

I am going and certainly hope to hear an update!!

[assagai] 30/7/2018 15:17

Well i can't go but have voted by proxy. I rather doubt the presentation will reveal anything market sensitive that is not already known but may of course, nevertheless, be very interesting indeed. Hopefully after the meeting and we can proceed towards the future the real value of the enlarged company will evolve organically. I think the fact the the capital restructure allows for dividend payment in the future has been largely overshadowed by the acquisition, which of course in itself will help to generate the level of profits required to achieve the former!

PS still easy to buy stock under the midprice.

[ali47fish] 30/7/2018 14:28

is anyone going to the general meeting 7 august- i have registred to attend and been told there will be a presentation so thought there might something important to hear- any thoughts!

[assagai] 24/7/2018 12:23

If anyone is interested you can buy IGE at 5p, think the House Broker may have an overstock. Today's trades are buys