ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

IPEL Impellam Group Plc

875.00
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Impellam Group Plc LSE:IPEL London Ordinary Share GB00B8HWGJ55 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 875.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 875.00 GBX

Impellam (IPEL) Latest News

Impellam (IPEL) Discussions and Chat

Impellam Forums and Chat

Date Time Title Posts
24/7/202404:19IMPELLAM - 2008466

Add a New Thread

Impellam (IPEL) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Impellam (IPEL) Top Chat Posts

Top Posts
Posted at 24/7/2024 00:54 by last of the mohicans
Hi Pejaten,

I was looking at the A convertible notes again

· Unless previously redeemed, the Tranche A Convertible Loan Notes will convert automatically into "Class A Ordinary Shares" and "Class A Preferred Shares" in the capital of Bidco (the "Conversion Shares") on the date falling 12 months and one day following the date of payment of the Cash Consideration and issuance of the certificates in respect of the Loan Notes under the Scheme.

· The number of Conversion Shares to be issued upon conversion of all of the Tranche A Convertible Loan Notes will represent 10.0 per cent. of the fully diluted ordinary share capital and 10.0 per cent. of the fully diluted preferential share capital of Bidco in each case as at immediately prior to the Effective Date, as set out in a capital table which will be scheduled to the instrument constituting the Tranche A Convertible Loan Notes.

· Bidco may elect to redeem the Tranche A Convertible Loan Notes in whole or part by giving not less than 7 days' written notice to the noteholders (specifying the principal amount of Tranche A Convertible Loan Notes to be redeemed and the redemption date) expiring not later than 1 July 2024 (the "Initial Tranche A Redemption Period"), upon which redemption noteholders will be entitled to receive payment in full of £1.0834 for every £1.00 of principal amount of Tranche A Convertible Loan Notes redeemed.

· If Tranche A Convertible Loan Notes are outstanding following the expiry of the Initial Tranche A Redemption Period, at any time up to and including the maturity date, Bidco may elect to redeem the Tranche A Convertible Loan Notes in whole or part by giving at least 30 days' written notice to the noteholders, upon which redemption noteholders will be entitled to receive: (i) payment in full of £1.1001 for every £1.00 of principal amount (excluding capitalised interest) of Tranche A Convertible Loan Notes held; plus (ii) any related capitalised interest and any related accrued interest in respect of such Tranche A Convertible Loan Notes that has not yet been capitalised (including all capitalised and non-capitalised compounded interest).

· The Tranche A Convertible Loan Notes will accrue interest at a rate of 12.0 per cent. per annum, compounding and capitalised quarterly and payable upon redemption of the Tranche A Convertible Loan Notes, provided that no accrued interest will be payable in respect of any Tranche A Convertible Loan Notes that are redeemed during the Initial Tranche A Redemption Period.

· If a change of control of Bidco occurs and Bidco has not elected to redeem the Tranche A Convertible Loan Notes in whole as described above, a Noteholder Majority may, by giving notice to Bidco in advance of such change of control, require that Bidco converts all (but not only some) of the outstanding Tranche A Convertible Loan Notes immediately prior to such change of control on the same basis described above.

· The Tranche A Convertible Loan Notes will also be converted automatically into Conversion Shares in the case of certain customary events of insolvency.

---------------------

So the initial redemption period has now ended

Therefore if they want to redeem them we now get 30 days notice.

We are now entitled to £1.1001 per £1 of the A's plus interest at 12% compounded quarterly (given the 1st quarter has now past, the 12% is therefore now compounding on £1.03 instead of £1).

So if they redeemed them now we would be getting over £1.13 in total per £1 of the A's & that figure effectively increases by just over 1p per month going forward until April 2025.

At which point they either redeem them for around £1.225 per £1 of A's or they convert them into ordinary shares.

So we will actually get more £££'s than I had previously thought !

LOTM
Posted at 04/7/2024 04:39 by pejaten
Latest announcement says that book value per share about 83 cents double issue price and that they intend in due course to list on AIM
Posted at 01/7/2024 23:48 by last of the mohicans
Hi Pejaten :)

Thanks for the update :)

Not the sort of deal I was expecting at all, nothing like what was described in the previous documentation as to the areas the company would look at!

Not to mention such a minority interest in the company as well.

Basically there going to own 10% of it & that's it for now, all the cash spent etc & added funds raised.

Unless they go & buy an interest in something else in a few month's time & turn Tapir into some sort of investment fund of some kind.

I guess I'll be exiting Tapir in due course then. Only got my Share certificate late last week to! :(

What are your thought about it ?

LOTM
Posted at 29/6/2024 09:03 by pejaten
Tapir Holdings has acquired a 10% stake in Rendeavour for consideration of US$87m. Business is land developer in Africa. The share capital goes up from 45m to 247m.
Posted at 28/4/2024 03:10 by last of the mohicans
Hi Pejaten :)

I had to scramble to buy another 100,000 just before the close on Friday (1.98p) as I wasn't around most of the afternoon & missed a LinkedIn post! :(

Amazon has been seen in recent posts & one of Mirriad's key contacts was at a AmazonPrime premier on Thursday night it was after that got posted on Friday afternoon that some buying occurred.

I'll get to that 1M number on Monday probably.

Hope your research is going well.

LOTM
Posted at 26/4/2024 09:35 by last of the mohicans
Hi Pejaten :)

Yes I know :) but there is no way they are going to do that, it would be madness for them to re-pay it early & pay interest on the money they borrowed to do so on top!

I'm hoping they ask for the extension on the 17% notes for another year. I know its only on part of your holding but still its a great return.

You've even made me go & find them on the TISE but not found a quoted price yet for heat2027 :(

I just hope that re-payment goes into my ISA account !

-----------

I've just bought another 100,000 MIRI so that's me up to 800,000 now.

I forgot to say there also in some sort of collaboration with Microsoft! & the CEO posted a message that some sort of interview/webinar with Microsoft will be coming out soon! & that was 3 weeks ago now, but its not there's to release its Microsoft's. Microsoft & a £9M company !



Good Luck
LOTM
Posted at 15/3/2024 07:04 by last of the mohicans
Hi Pejaten

Well the Heather & Tapir shares are now in my ISA but with no value & no ability to trade them yet, but at least there their :) so that's a bonus.

I'm thinking of buying more IPEL ahead of the takeover closing, that 17% compound interest for 3 years is just so tempting.

Good Luck
LOTM
Posted at 14/2/2024 00:22 by last of the mohicans
Well today Wednesday 14th Feb is the last day to qualify for all of the remaining £10.06 of value from the offer.

Tomorrow the shares will go Ex-Dividend & you'll miss out on the special dividend of £0.562 per Impellam share that's in the form of shares in new investment vehicles - currently called Heather & Tapir.

At 1st this was the least attractive part of the whole offer to me, however I recent realised that this is in fact an opportunity not to be missed!

You are in fact getting the chance to put your money in at the ground floor level along with that of Lord Ashcroft, when & where else is an ordinary PI going to get such an opportunity you have to ask yourself ?

Each of the 2 shell company's is getting £12.5M in cash & Lord Ashcroft will own approximately 62.9% of each one. In other words around £8M in each vehicle will be his money. Even for someone as wealthy as him £8M x 2 is not to be sneezed at. So he really will be looking for good investments for that cash & we as small shareholders in the same vehicles get to come along for the ride.

GLA

LOTM
Posted at 13/12/2023 07:26 by pejaten
£13 per share. Wow. Early Christmas present
Posted at 15/11/2023 20:06 by primarch1
I would say it's more a sector issue most recruitment companies are underperforming take stem for example huge cash pile decent run company yet well off highs,I'm holding out for a bid on impellam plus the generous dividend makes up for the lack of share price movement over the last year.
Impellam share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock