Kin Share Discussion Threads

[mudbath] 20/11/2017 11:53

Common Directors and Family businesses someuwin.
Just one club(Regents Place)generated a net profit of over £1 million last year.
Personally,I think a betting business will be the focus of any RTO.

[someuwin] 20/11/2017 11:48

Dusseldorf

I can see that NW1 Investments Limited holds 16% of KIN.

But what is the connection between NW1 and Holmes Place International?

[digger2779] 20/11/2017 11:43

Sports bar. Is that the same outfit that went bust a few years back and took a few grand of mine with it? Funny how all these failed businesses manage to rise from the ashes to have another go at the pot of money provided by Joe public ha.

[davidlloyd] 20/11/2017 11:19

Ouch - quality investing on my part, my stake is now worth £12.94. That is a 99.49% loss. Have to go a bit on others to make up for this howler.....

DL

[dusseldorf] 20/11/2017 10:59

hello mudbath, PGY hasn't really moved yet (waiting on a solid set of results and some clarity on what Bos is doing with his accrued debt mountain). I've been busy in crypto currencies of late, still am really as it's netting me more than my monthly salary (the last 3 months in a row at least), but need to keep tabs on general market too.

Saw Kin pop-up today, I've been out since April/may after getting concerned how they were dealing with debt/stock issues, wow, how fortuitous that was.

That said, I've always believed this co/shell was going to be used as an RTO for Holmes Place International given NW1 involvement - still do... I don't have many yet, 25k shares odd @6.4 this morning, but I see how the stars align and what happens in the run up until Christmas.

[mudbath] 20/11/2017 10:43

Hello Dusseldorf and well done with PGY !
I have no idea what is about to happen here except for the fact that a lot of big names have taken up the shares.KIN only have until Feb 28th 2018 to effect a RTO,so not long to wait.

[mudbath] 20/11/2017 10:00

Thanks Chris for filling in those gaps.
In John Taylor,one of KIN's new non execs,they seem to have made an interesting and potentially valuable appointment.Have you any comment ?

[someuwin] 20/11/2017 09:26

Took a few of these. Looks like something must be brewing.

[ochs] 19/11/2017 23:27

Thanks Chris and mudbath, all very interesting.

[chrisfillyourboots] 19/11/2017 23:18

David Evans behind recent sale to Stonegate Stonegate Pub Company buys Sports Bar and Grillhttps://www.morningadvertiser.co.uk/Article/2017/09/15/Stonegate-Pub-Company-buys-Sports-Bar-and-Grill?utm_source=copyright&utm_medium=OnSite&utm_campaign=copyright

[chrisfillyourboots] 19/11/2017 23:00

Jon Hale has been chief financial officer of 32Red plc, the AIM listed Gibraltar-based online gaming company, since 2006. As chief financial officer, Jon has been instrumental in several corporate transactions including the sale of the Betdirect sports betting business to Stan James in 2007 and the acquisition of the Roxy Palace online casino business in 2015. In February 2017, Kindred Group Plc made an Offer to acquire the entire share capital of 32Red Plc for £176m and the takeover completed on 5 June 2017. Prior to his appointment at 32Red plc, Jon qualified as a chartered accountant with PricewaterhouseCoopers in 1998, before leaving to work in the finance department of Capital Corporation plc, an operator of high roller land-based casinos. Following the sale of Capital Corporation plc to Stanley Leisure Plc, Jon co-founded Property Internet Plc and Alan Brazil Leisure Plc, and served as finance director of the Sports Café Group for four years between 2001 and 2005.

[mudbath] 19/11/2017 16:19

Hi Ochs.

The only information that I have on Chris Akers involvement ,apart from yesterday's tweet,was this posting by solarno lopez on October 4th :-

"KIN
Backed by Chris Akers and Chums lets hope he does better than Concha."

[ochs] 19/11/2017 15:22

Thanks. So does this mean Chris Akers invested in the placing himself? (Apols if it's previously been announced and I've missed it...)

[mudbath] 19/11/2017 09:39

Share prophets had this to say about companies that held a Chris Akers connection,

"If one takes a step back, this is actually incredibly impressive.
The share price growth of each of Audioboom and Concha in particular in such a short space of time is pretty astounding, one being a ten-bagger and the other a thirty-bagger, if you timed it right. Investors could easily have already “bagged” with EVR Holdings too.
EVR Holdings is playing out in a very similar way to Audioboom two years ago for very similar reasons. The market is potentially huge, the business model of the actual company is nascent and untested and so can be hyped accordingly and who knows, perhaps this business will be the next big thing."

Chris Akers tweeted yesterday that,

" Kin Group AIM cash shell completed £1m placing at 5p with high profile shareholders backing the KIN Board to make a compelling RTO in next 3 months."

To me, it looks as though the current opportunity to buy into KIN at a similar price to that paid by these "high profile shareholders",is one that should be considered seriously.

In the circumstances,we might see the KIN share price strengthen somewhat over the next few days.

[mudbath] 17/11/2017 18:17

Jon Hale joins David Evans with a notifiable holding in KIN of 4%.
Has anyone any ideas as to the identity of these two investors?

[mudbath] 16/11/2017 21:39

I look forward to their emergence Chris.
Thanks for your input.

[chrisfillyourboots] 16/11/2017 21:19

TR1s from a very solid investor group will provide a great springboard for prospective RTO. Onwards and upwards.

[fatfish] 16/11/2017 18:32

oh yes they automatically get transferred but some how in cyber space your holding goes from 1 million to 200 :-)

[trt] 16/11/2017 18:13

Ah but do current share holders have automatic right to a holding in any new shell / company. Are their shares automatically transferred across, this isn't explained ?

[mudbath] 16/11/2017 17:43

Risk is everywhere,clocktower.
Opportunity is also out there and that is what I am looking at with the Kingroup.

[clocktower] 16/11/2017 17:24

Maybe you should also put the warnings up mudbath - your capital is at risk!!

[mudbath] 16/11/2017 17:20

trt

Should you wish to Google your question,numerous answers will be provided.

Below is the view of HollandBendelow,flotation consultants.

"In addition, there are benefits to the shareholders of the shell company.  Successful
transactions involving AIM shell companies may enable the shareholders in the shell company to retain some stake in a newly transformed entity, which may become a more successful enterprise.  The benefit to the shareholders of the shell company can be significant over time as they see the value of their shareholding increase."
   

[fatfish] 16/11/2017 16:59

Can anyone see this going to £9 a share because that is what it must do for me to get near break even, makes you laugh really, can't even sell because it would cost me more than the vale of my shares. Makes you wonder sometimes how legally aim consistently rip us off.

[trt] 16/11/2017 16:37

So no one can answer the question regarding benefit to private investor of a reverse takeover?