Imaginatik Share Discussion Threads

[tomboyb] 10/1/2019 07:18

Financial effects of the Proposed Disposal and use of proceeds



The net cash proceeds arising from the Disposal are expected to be approximately £1.4 million and will be utilised first to extinguish the Company's liabilities. Net of these liabilities the Company is expected to have a free cash balance of approximately £1.0 million on Completion after receipt of the initial consideration.



It is anticipated that the cash to be received by the Company will be used to acquire another business(es) which the directors believe will deliver greater returns for investors.

[still waiting] 10/1/2019 07:04

Looks like we have a future direction planned.

Exciting times.

-- for shareholders it eliminates the risks of the business and allows the funds to redeployed in businesses with stronger growth prospects

It is anticipated that the cash to be received by the Company will be used to acquire another business(es) which the directors believe will deliver greater returns for investors.

Change of Name

To reflect the new direction of the Company, the Board is proposing to change the name of the Company. Under the Companies Act 2006, a change of name requires the passing of a special resolution of Shareholders at a general meeting. Therefore a special resolution will be put to the General Meeting to approve the change of the Company's name to:

"Abal Group plc"

The change of name will become effective once the Registrar of Companies has issued a new certificate of incorporation on the change of name. This is expected to occur on or around 31 January 2019. The tradeable instrument display mnemonic ("TIDM") of the Company is expected to change to AIM: ABAL effective from 7.00 a.m. on 31 January 2019.

Recommendation

The Board considers that the Disposal and change of name of the Company is in the best interests of the Company and its Shareholders as a whole. Accordingly, the Board recommends that Shareholders vote in favour of the Resolutions to be proposed at the General Meeting as they intend to do in respect of the Ordinary Shares which they control.

General Meeting

The Company is arranging for a Circular to be sent to all shareholders which includes the Notice of General Meeting to be held at 9.15 a.m. on 28 January 2019 at the offices of Marriott Harrison LLP, 11 Staple Inn, London, WC1V 7QH.

[still waiting] 09/1/2019 23:00

Price had its first little peak back above 2p today with big buys up to 2.4p level.

Might not be as shy tomorrow.

[sandbag] 09/1/2019 15:59

SW,

Have you considered posting 1054 on the BOWL Board?

uk.advfn.com/cmn/fbb/thread.php3?id=25000892

[still waiting] 09/1/2019 14:35

nice curved bowl forming, 3-4p short term target.


free stock charts from uk.advfn.com

[still waiting] 09/1/2019 14:19

buy limits

[jonnyfro] 09/1/2019 14:00

About 470k shares were bought at 2p
Only 50k were sold under 2p this afternoon

[stark industries] 09/1/2019 13:54

Agreed as they are selling shares that they may not have ;-)

[jonnyfro] 09/1/2019 13:54

It's fine selling as long as you accept that it's very difficult to buy back in.

Hopefully that's the last of the 1's now to the 3's

[still waiting] 09/1/2019 13:52

I don't think the mm's will give much of a chance to any sellers to buy back in cheaper at these levels..

[stark industries] 09/1/2019 13:45

Nice volume churned again today and we still have the after noon.This is primed to get back to where it was before the VM ficaso. 8p to 10p looks likely and there is a big gap to be filled from that big drop we had prior suspension.Buyers buying higher from the small key traders. Looking extremely good here.Hold for the inevitable GL

[still waiting] 09/1/2019 13:44

looks like pushing on again..

[still waiting] 09/1/2019 13:28

we've had x6 buys of 200K+ today with buy price now below the price they paid..

[2prsimo] 09/1/2019 13:24

Coming back now - it got a bit rampy and ahead of itself this morning. Feel for those in at 2.3p and 2.4p. I expect it to drop back to the 1.7's or 1.8's without news. GLA

[still waiting] 09/1/2019 13:22

it's clear we have big buyers picking stock up..

moving shares to firmer holders hopefully will = accelerated gains when news does arrive...

[jonnyfro] 09/1/2019 13:18

Back to 2p to buy
We saw this morning how fast IMTK moves and how difficult it is to buy in volume
Top up on the drops and sit on your hands and wait for your target to be hit

Personally these intraday movements are meaningless

Those buying in the 2's will want a good return

AF buying in the 5's will want a very good return

[still waiting] 09/1/2019 13:15

cheaper now.

[still waiting] 09/1/2019 11:43

buyers quickly coming in on any stock sold..

mmmmm

[jonnyfro] 09/1/2019 11:40

Remember 32.5% are tightly held leaving only 63m
8 capital who hold 16% have John treacy on the board

[stark industries] 09/1/2019 11:14

I believe VM is still here.My take is she is still adding Lets see the next holding RNS ?

[still waiting] 09/1/2019 11:10

VM is in the past.

more interested in how AF will proceed to bring in new products/JV's/revenue streams.

[ant15] 09/1/2019 11:08

Still Waiting did we ever know if she wanted the client base or just the company. Either way she might be in the running.

[still waiting] 09/1/2019 10:53

all the large 200K+ buys at very close to the offer, grabbing volume when it's there, leaving very little for others...

a very good sign.

[jonnyfro] 09/1/2019 10:50

We know VM bought shares in IMTK previously maybe she's going again?

[ant15] 09/1/2019 10:46

Jonny Fro I think you might be right either a deal and or renewed interest from VM. It would explain the rise of the last few days. Personally I would plump for your last suggestion it makes good sense.