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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ince Group Plc (the) | INCE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.15 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.15 | 5.15 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 01/5/2023 07:21 by muffster I've no idea how this could work but are investors able to launch a class action. Presumably we would need to prove negligence? |
Posted at 13/4/2023 05:57 by ny boy High rates, companies drowning in debt, the share price graph warned investors a while ago, many more will fail |
Posted at 24/1/2023 12:55 by greg the grinch Creating clear accounts is exactly what is required....they were overly complicated before and I think put some investors off. Looking forward to the rise. |
Posted at 12/1/2023 09:50 by southernsong I'm not sure it's entirely appropriate, at least in the eyes of private investors, to sound quite so self-congratulatory and "delighted" in announcing this disposal, given what a mistake it originally was.....but at least the execution of the deal has been relatively 'clean'. |
Posted at 24/11/2022 08:23 by minja19 conclusion .... they didn't want retail investors. |
Posted at 24/11/2022 08:11 by quepassa Placing significantly oversubscribed. £4.7million raised versus target of up to £4.25million.The institutional level fared well and raised some £4.7million (78,758,648 shares placed). On the contrary, The Rex retail offer was a flop raising a paltry £10,000 (168,000 shares Placed) versus a target of up to £250,000 or 4.16 million shares being available. However, the mechanics of the Retail Offer were such that it was announced at 16.58hrs yesterday and closed just three hours later - giving retail investors next to no time to consider subscribing in an after-hours accelerated book-build exercise. In my opinion, had the mechanics of the Retail Offer been a little more investor-friendly, my guess is that it would have received much greater interest. Nul points for the structure/timetable of the Retail Offer. Apart from that, a very healthy over-subscription displaying strong institutional appetite for the stock. ALL IMO. DYOR. QP |
Posted at 13/11/2022 13:20 by southernsong empirestate......I *think* they have an extension till the end of December, should they need it(?) But my gut feeling is that it will be out this month, as they've previously stated, but we'll see....I fully expect the figures will show the previously mooted reduced T/O (drop below £100M) and imo a swing to loss owing to the three main issues the company faced, but this is to some large degree history now (pending of course the easing of restrictions in China and HK). Further the company has - thankfully - since been put through a series of decisive and rapid changes....and continues to be so. There will probably be strong emphasis on what has been achieved SINCE the period end, and particularly the period since the old CEO was removed and what Donald Brown has stepped in and done. The company has obviously cried out for strong and decisive leadership and so far it looks as though he is providing that (?) Spent yesterday reviewing (again) all RNS' from the past 16th months. I think much of the outright 'bad' has now happened and, in any case, much of that 'bad' was due to exceptional and one-off events / circumstances. INCE's main issue stemmed from the the pandemic and the protracted lockdown and travel restrictions in the Far East markets. This hampered cash collection, but also, subsequently Russia's attack on Ukraine and then, finally, to cap it all off, a bad cyber attack which for a short but important period seriously impacted normal working practices and invoicing. Brown's focus has been clear enough and he is, through rationalisation and restructure, seeking to reimpose simple business metrics at INCE: 1) To rapidly streamline the company and make it leaner by reducing or removing any and all unnecessary overheads. 2) Remove those divisions and acquisitions that are 1) not well aligned with the companies planned core product offering going forwards and/or 2) do not show any real promise of delivering meaningful profit in the near term. 3) Remove those parts which show heavy, deferred considerations on the balance sheet. 4) Successfully renegotiate with company lenders. 5) Retain a big capacity for cash generation through the retention of a high number of quality staff who will offer a well defined product offering. 6) Raise money (c.£9.3 million raised in total), pay off imminent creditors, and bolster coffers by further reducing outgoings (eg shares in leu of pay, saving a further £1M to date). 7) Begin to capitalise on the Arden-Ince synergy and exploit opportunities to cross sell. 8) Overall reduce the companies cost base (a reduction of some £7.2M has been achieved since Brown took to the helm). That, by any measure, is impressive and welcome. We know the cyber attack was resolved long ago. It is thought that it caused a cash impact of c. £4.9M.....most of which should be eventually recovered by the companies interruption to business insurance policy. That money is already earmarked for company creditors. D.B. has also bought in key staff to chase invoices as the lockdown situation in China eases. INCE have a whopping £11.8M in debtors and they have already reported that the key staff bought in to control cash and tackle those debtors have started to make significant inroads. INCE have flown close to the wire for reasons which, in part, were out of their control....but also in part due to sloppy or indecisive management (imo). I think the year ahead will be a crucial one for INCE, but Brown, other directors and certain investors have taken up some pretty robust shareholdings here and so far he has demonstrated that he is serious and proactive in turning the business around. An important period ahead which will be very interesting to watch unfold.....particula I've taken a few shares on the speculation that the new CEO has the ability and tenacity to pull it off. Given his recent investment here, he should certainly now be well incentivised. All the above written to the best of my knowledge / understanding and in my opinion only, so NAI and ADYOR. |
Posted at 07/10/2022 12:44 by brucethegoldfish ES - not the 1st time, hence why I thought there was someone hoovering up in the background.I guess if the corporate investor is doing that going forwards then as it is notifiable now given size of holding we will find out for sure. |
Posted at 07/10/2022 09:59 by brucethegoldfish Hmm, just looking at the RNS again today. The corporate investor has subscribed to another 19m shares on top of 3.4m shares subscribed on 1st September. Total 22.4m shares, yet their total holding is disclosed at 26.18m shares.I have been wondering recently if an institution/corporat Would be interesting to know if the 3.82m share difference in the above was due to a previous holding or trading since 1st September. |
Posted at 07/10/2022 07:30 by brucethegoldfish Been steady and continuous news flow over recent weeks as the new CEO and management team refocus the business.Interesting announcement this morning with institutional investor subscribing for 19m new shares at the previous (higher) placing price of 5p. They now hold close to 10% of enlarged share capital. |
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