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ITS Itsarm Plc

0.775
0.00 (0.00%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Itsarm Plc ITS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.775 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.775 0.775
more quote information »
Industry Sector
PERSONAL GOODS

Itsarm ITS Dividends History

No dividends issued between 23 Jun 2014 and 23 Jun 2024

Top Dividend Posts

Top Posts
Posted at 03/8/2023 14:25 by phil1969
encarter, I love your enthusiasm but unless the current shareholders of Allwyn already hold most of ITS stock, they are not going to give away £525m of their business to strangers.

Anywhere between 5p - 15p is more realistic but all depends on whether ITS stockholders are friends of Allwyn owners.
Posted at 03/8/2023 14:16 by phil1969
If there is a 'fund raise' it will be part of the RTO and therefore the valuation will be based on the new business being reversed into ITS. Not ITS as it stands.
The MCAP of ITS is so low, it couldn't raise an eyebrow let alone funds!!
Which is good for holders because the only way is up.
Posted at 31/7/2023 13:19 by phil1969
ITS doesn't need to raise cash. It's a shell. The new company may raise cash as part of the RTO but the price of that has nothing to do with the fundamentals of ITS Plc. ITS may be used as vehicle to raise cash but price is more about the new company. The equivalent share price for ITS holders could be anything between 1p and 1 pound. It depends on the share of the new company ITS stakeholders get.
Posted at 29/7/2023 09:37 by bmwman3
if the RTO is successful an offer for existing ITS shareholders will be announced at the same time as the stock comes out of suspension and people will not be able to get their hands on shares for love nor money, or at least without them being at a huge premium to current levels. The potentially really big rewards are in holding stock as we go into suspension. Squeaky bum time for sure but these new Directors are no slouches and moved very quickly to stop ITS being wound up so they must surely have a plan rather than just a hit-and-hope approach. After all, the outgoing directors decided it was worth waiving their last set of fees and £240k for.
Posted at 28/7/2023 13:11 by deltalo
ITS had its day for now, IOG potential for bond restructuring and a massive share price rectification. 2.7p to buy, share price has dropped from over 40p and now only valued at 14m mkcap for the newest uk gas producer. The company own their own processing plant/ pipeline and two gas platforms. Dyor and gl.
Posted at 26/7/2023 14:33 by genierub
You all need to look at the WAND year high and tell me that its not going to do an ITS. See you in a week.
Posted at 26/7/2023 13:18 by bmwman3
For newcomersWondering why the rise. Posted earlier but will be lost to necomers. I have been involved in many shell companies, I used to make a point of buying and holding for a decent payday. Depending on how the new share capital is structured, you can make a killing or at worst, come out of it with what you put in. Its all about the financing, new share allocation and what slice of the new company existing shareholders will receive. You can reverse almost any size business into an existing listing and existing shareholder will receive a slice of the new company. One of the new ITS directors is David Craven, he is the CEO of a multi-billion lottery company called Allwyn who last September won the right to run the UK national lottery. Allwyn was about to reverse into a NASDAQ SPAC (also called blank cheque company, same as UK listed Shell company) but pulled the deal 2 days after winning the UK National Lottery and as part of that deal purchased Camelot. The speculation here is that Allwyn would prefer to be listed in London and ITS is the vehicle they will use for a quick listing. https://www.linkedin.com/in/david-craven-21008b40/ Check out the timeline of these announcements: https://www.spacinsider.com/news/nick-clayton/cohn-robbins-secures-260m-backstop-for-allwyn-deal https://www.spacinsider.com/news/nick-clayton/cohn-robbins-crhc-termiantes-allwyn-deal https://www.allwyn.co.uk/insights/allwyn-to-operate-uk-national-lottery-from-february-2024 https://www.tomharris.org.uk/bookmakers/allwyn-confirms-camelot-takeover-what-can-lottery-fans-expect/ If this goes ahead, ALLWYN would reverse into ITS and from experience, on a deal of this magnitude, existing ITS shareholders would become anywhere between 0.1% and 2% holders of the enlarged share capital. Last valuation of ALLWYN when reversing into CRHC in Sept 2022 was £8.8bn, this could value ITS somewhere between £8m - £176m (£0.15 - £3.35) I doubt they would give £176m of the company away but you never know who has been buying up shares in ITS. You can call this a ramp but I'm just trying to pass on 20 years of experience of RTOs I've also got HWC shares who have been in RTO for years and nothing seems to have moved forward and INFT. So it doesn't always work out but looking at these directors, they're on a mission.
Posted at 26/7/2023 13:14 by phil1969
from ii

I have been involved in many shell companies, I used to make a point of buying and holding for a decent payday.

Depending on how the new share capital is structured, you can make a killing or at worst, come out of it with what you put in.

Its all about the financing, new share allocation and what slice of the new company existing shareholders will receive.

You can reverse almost any size business into an existing listing and existing shareholder will receive a slice of the new company.

One of the new ITS directors is David Craven, he is the CEO of a multi-billion lottery company called Allwyn who last September won the right to run the UK national lottery.

Allwyn was about to reverse into a NASDAQ SPAC (also called blank cheque company, same as UK listed Shell company) but pulled the deal 2 days after winning the UK National Lottery and as part of that deal purchased Camelot.

The speculation here is that Allwyn would prefer to be listed in London and ITS is the vehicle they will use for a quick listing.



Check out the timeline of these announcements:









If this goes ahead, ALLWYN would reverse into ITS and from experience, on a deal of this magnitude, existing ITS shareholders would become anywhere between 0.1% and 2% holders of the enlarged share capital.

Last valuation of ALLWYN when reversing into CRHC in Sept 2022 was £8.8bn, this could value ITS somewhere between £8m - £176m (£0.15 - £3.35)

I doubt they would give £176m of the company away but you never know who has been buying up shares in ITS.

You can call this a ramp but I’m just trying to pass on 20 years of experience of RTOs

I’ve also got HWC shares who have been in RTO for years and nothing seems to have moved forward and INFT. So it doesn’t always work out but looking at these directors, they’re on a mission.
Posted at 25/7/2023 14:06 by bmwman3
The 400% rise is putting off the untrained. A week ago the company was priced to delist and offer shareholders nothing. The mcap was under £100k and now it's still only £500k. 400% of virtually zero value is still virtually nothing. Shell companies with high likelihood of RTO are only worth what the management are likely to reverse in. There are plenty of shells with poor prospects sitting with £5m-10m mcaps which is 10-20 times higher than where ITS sits today. Even ICON the share printing machine with 46bn shares in issue and riddled in debt and no prospects has an mcap over £1m Just goes to show the potential you're sitting on as an ITS shareholder.
Posted at 05/6/2023 11:06 by tomboyb
Itsarm PLC Proposed Compulsory Liquidation
05/06/2023 11:05am
UK Regulatory (RNS & others)

Itsarm (LSE:ITS)
Intraday Stock Chart

Monday 5 June 2023

Click Here for more Itsarm Charts.
TIDMITS

RNS Number : 6638B

Itsarm PLC

05 June 2023

For immediate release

5 June 2023

Itsarm plc

Proposed Compulsory Liquidation

Itsarm plc (AIM: ITS) ("Itsarm" or the "Company" ) announces that, further to the announcement on 26 May 2023, the Company's directors have assessed the solvency of the Company and concluded, in consultation with their advisers, that steps should be taken for the Company to enter compulsory liquidation.

The directors consider that, taking into account the Company's contingent and prospective liabilities, there is a significant risk that creditors of the Company would suffer detriment if the Company was not placed into a formal insolvency procedure immediately.

A creditor's voluntary liquidation ("CVL") is not considered appropriate for the Company, given the material risk that, if a special resolution was put forward for the Company to be wound up and liquidators appointed as part of a proposed CVL, a similar outcome would arise to that in relation to the member's voluntary liquidation proposed at the adjourned general meeting of the Company on 26 May 2023. Such an outcome would mean that the Company would be forced to continue to trade and incur the costs of an unsuccessful CVL proposal, which would likely be detrimental to the Company's creditors.

Accordingly, the directors have resolved to make a petition to the High Court that the Company be wound up. A further update will be made in due course regarding the timing of the hearing for such petition and any subsequent order to wind up the Company.

Enquiries:


Itsarm plc via Hudson Sandler
Jim Sharp, Director
Richard Monaghan, Director
Hudson Sandler +44 (0)20 7796 4133
Alex Brennan itsarmplc@hudsonsandler.com
Ben Wilson
Liberum Capital Limited (Nomad and Broker)
Clayton Bush
Scott Mathieson
Miquela Bezuidenhoudt +44 (0)20 3100 2000

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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