ITS

Itsarm Plc

0.275
0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Itsarm Plc LSE:ITS London Ordinary Share GB00BMXMR838 ORD GBP0.0025
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.275 2,634,547 11:51:35
Bid Price Offer Price High Price Low Price Open Price
0.25 0.30 0.275 0.225 0.275
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Catalog, Mail-order Houses 57.32 -1.33 -2.50 - 0.14
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:02 O 90,998 0.2925 GBX

Itsarm (ITS) Latest News

Itsarm (ITS) Discussions and Chat

Itsarm Forums and Chat

Date Time Title Posts
05/6/202312:48In The Style Group1,076
02/2/202313:51In the Style in the money? 2
15/3/202108:52In The Style Online Retailer2
10/5/200610:30THE INVESTMENT TRUST THREAD1
18/4/200409:51i2s4

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Itsarm (ITS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:29:040.2990,998266.17O
14:55:280.2554,288135.99O
14:54:300.2529,65574.29O
10:21:280.25500,0001,250.00O
10:20:500.25500,0001,247.50O

Itsarm (ITS) Top Chat Posts

Top Posts
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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on

Posted at 26/5/2023 11:21 by kimchi1
From the previous RNS:
"If the Resolutions are not passed, the proposed
liquidators will not be appointed and the
Cancellation will not take place. As such,
as set out in the Circular, it would be likely
that within three months the Company would
not be able to meet its financial obligations
as they fall due and there would be no alternative
other than for the Company to enter into
some form of insolvency procedure under which
the prospects for recovery of value, if any,
by Shareholders would be unlikely "

Well done if you made money here, but seems a good time to take profits ?

Eneraqua Technologies plc (ETP) might be a good place to look at ;-)

Posted at 26/5/2023 10:29 by tomboyb
Trading and corporate update

As of 25 May 2023, the Company had cash of approximately GBP248,000 (25 April 2023: GBP516,000) with contractual liabilities of approximately GBP72,000 (25 April 2023: GBP231,000). The Company has no trade but relatively significant on-going expenses.

Given the Company's cash position, its current contractual liabilities, the contingent liabilities it has to consider and the ongoing cost run-rate, the Directors, in consultation with the Company's advisers, are assessing the solvency of the Company and a further announcement will be made as soon as is practicably possible. It should be noted that the Company has to assess the costs and timelines involved in any insolvent liquidation process when assessing its current solvency position.

As previously stated, the Company does not intend to enter into an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules. Furthermore, no approach has been received from any third-party presenting a credible option for the Company to undertake such a transaction since becoming a cash shell and the Company is not actively seeking such a solution. Similarly, the Company has not received any proposals to provide additional funding to the Company since becoming a cash shell.

Enquiries:

Posted at 12/4/2023 20:39 by seagreen
Share price equates to about £340K to £360k

Which you would be lucky to get after fees

Anyone who got in lower might make a few bob.

Unless I am missing something unless there are more shorts to close then you would have to move fairly quickly lol

Posted at 16/3/2023 10:37 by moonshine3
kimchi1 - 10 Mar 2023 - 15:38:24 - 783 of 865 In The Style Group - ITS

Still think this will rocket higher soon, given the tiny free-float
kimchi1 - 09 Mar 2023 - 09:30:55 - 770 of 865 In The Style Group - ITS

Interesting situation here with so few shares in issue / low free-float
Could easily bounce to 2p and further on FOMO as seen with a few other tiddlers recently.
kimchi1 - 15 Mar 2023 - 12:15:38 - 792 of 865In The Style Group - ITSBuy Buy Buy for the 'No vote' multi-bag ?

Posted at 07/3/2023 07:14 by tomboyb
he Cancellation

The Independent Directors have concluded that, on the basis that the Company would become an AIM Rule 15 cash shell with no trading business on Completion, it is in the best interests of the Company and its Shareholders to seek Shareholders' approval to cancel the admission of the Company's Ordinary Shares to trading on AIM. In accordance with Rule 41 of the AIM Rules, the Company has noti ed the London Stock Exchange of the proposed Cancellation.

Assuming the passing of the Cancellation Resolution, which will be conditional upon the passing of the Sale Resolution and Completion, it is expected that the Cancellation will take place 20 business days from the day following this announcement.

Pursuant to Rule 41 of the AIM Rules, the Cancellation Resolution requires the approval of not less than 75 per cent. of the votes cast by Shareholders (whether present in person or by proxy) at the General Meeting.

The Independent Directors have considered the bene ts and disadvantages to the Company and its Shareholders in retaining its admission to trading on AIM. The Independent Directors believe that the Cancellation is in the best interests of the Company and its Shareholders as a whole. Following the Sale, the Company will have no trading business and very limited cash resources which the Company intends to distribute through a members voluntary liquidation.

Given the Company's intention to liquidate the Company as soon as reasonably practicable following the Sale and the Cancellation, no matched bargain facility will be implemented and there will be no formal market for Shareholders to effect transactions in the Ordinary Shares following Cancellation.

Posted at 02/3/2023 11:19 by avenue_of_revenue
Beautiful rise so far, just the start. Share price should be multiples of current price.
Posted at 09/2/2023 16:26 by avenue_of_revenue
Panic and weak sellers along with crafty MM tactics halting the inevitable rise. Spring is not far. Sales are highest during the spring and summer. A good few months and the share price will recover, boohoo and ASOS recovering, soon it will be In The Style that makes its recovery.
Posted at 06/2/2023 22:37 by avenue_of_revenue
In the style(ITS) is not Joules, Made or Debenhams. It has no retail stores but partnerships with some of the biggest players in the industry to stock and sell its products. No rents, no gas/electricity costs, no shop staff costs etc. The business is very streamlined. Costs and overheads are minimal compared to other high street fast fashion retailers. The founder and CEO Adam Frisby recently returning as interim CEO is a big positive. This is his baby (his own words) and he will do everything possible to bring some normality to the share price as the current valuation does not reflect the actual value of the company. Holding over 450K shares and not at all concerned with the recent shenanigans. Strongly recommend PIs watch the short docuseries to gain better understanding. Breaking fashion on BBC iPlayer - ITS all about in the style.
Posted at 01/2/2023 06:31 by golden number
https://uk.finance.yahoo.com/news/naimur-rahman-just-bought-sprinkling-050453106.html

Simply Wall St
Wed, 1 February 2023 at 5:04 am GMT
In this article:

ITS.L
+9.93%

Investors who take an interest in In The Style Group Plc (LON:ITS) should definitely note that insider Naimur rahman recently paid UK£0.075 per share to buy UK£262k worth of the stock. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for In The Style Group

In The Style Group Insider Transactions Over The Last Year
In fact, the recent purchase by Naimur rahman was the biggest purchase of In The Style Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is UK£0.077. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for In The Style Group share holders is that an insider was buying at near the current price. Naimur rahman was the only individual insider to buy shares in the last twelve months.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume
In The Style Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership Of In The Style Group
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that In The Style Group insiders own 28% of the company, worth about UK£1.2m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At In The Style Group Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Insiders likely see value in In The Style Group shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling

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