Messaging International Share Discussion Threads

[roydyor] 13/8/2016 19:11

Thanks for that tomboyb. Just a tip that Andy told me about when you are posting links. Replace http with hTTp. Something to do with the computer on this site.

[tomboyb] 13/8/2016 18:52

Don't know if anyone has seen this -

hxxp://www.agg-net.com/news/sigmaroc-hoping-to-emulate-breedon-s-success

SigmaRoc hoping to emulate Breedon’s success

08 August 2016 - 16:50
New AIM-listed venture seeking to snap up smaller materials supply companies in emerging markets

A NEW AIM-listed venture is looking to cash in on the construction boom in emerging markets by acquiring smaller materials supply companies.

The Telegraph [4 August] reports that SigmaRoc, led by a team of industry veterans, is adopting a ‘buy and build’ strategy, targeting companies that produce construction materials such as cement, concrete and aggregates.


It is understood that SigmaRoc are aiming to imitate the success of the Breedon Group, who floated in 2009, built up a portfolio of suppliers and are now valued at £1 billion, making them one of the largest companies on London’s Alternative Investment Market.

According to Max Vermorken, chief executive of the new venture, recent mergers in the construction materials industry have led to a raft of divestments, meaning that smaller companies can be picked up at bargain prices.

Mr Vermorken, who was previously a strategic advisor with LafargeHolcim and before that worked with Luxembourg-based private equity group Genii, will be backed in the venture by non-executive directors David Barrett, co-founder of London Concrete (now part of Aggregate Industries), and Dominic Traynor, a corporate lawyer specializing in listings and takeovers, mergers and acquisitions, and corporate finance.

According to The Telegraph, SigmaRoc will engineer a reverse takeover of the AIM shell of Messaging International, a provider of text-to-landline communications, which is being taken private by its shareholders.

The new venture, which will undertake a £500,000 initial capital raising and then seek additional funds for each acquisition it makes, plans to target operating businesses that have a particular exposure to smaller emerging market countries, particularly in Africa, where construction growth is burgeoning.

SigmaRoc are expecting to complete the takeover of Messaging International’s listing by the end of this month.

[tomboyb] 13/8/2016 18:46

hxxp://www.spitfirematerials.com/wp-content/uploads/2016/08/dec2015halfyearreportnews.pdf

Events subsequent to reporting date
On 25 January 2016, Spitfire announced that it plans to dual list on London’s Alternative Investment
Market (“AIM”) in the second quarter of calendar 2016.

Buy and Build strategy -

[zcaprd7] 13/8/2016 18:34

Sigmaroc to hoover up spitfire after he reverse takeover then? I've been slowly offloading the miners into the current recovery. Still slightly under in blt though!

[tomboyb] 13/8/2016 18:27

Spitfire Materials -

Thanks for that Roydyor -

Looks like they are also looking for a london listing - MES?

[roydyor] 13/8/2016 17:08

I have only just put a toe in the water regarding Aim shares. This is my main investment so far with a small punt on NANO. My other shares are all FTSE350. BLT, GLEN etc. I take profits when there is a decent rise and buy on falls.
I am also ramping this on LSE. There has been no point ramping the larger companies so this is like a new career. :)

[zcaprd7] 13/8/2016 15:32

Very good far! But only an audience of one... What are your other holdings? I'm happy to get bombed out British stocks, but have an interest in frontier plays. Pz cussons, fastjet, obtala are a few...

[roydyor] 13/8/2016 10:07

How am I doing as a ramper? lol
After Brexit I sold most of my European and UK linked shares and was looking at internationally based companies, all in the FTSE350. I then got daring and decided to put up to 10% into the Aim market.

[roydyor] 13/8/2016 09:14

Report from December 2015. Scroll down to change of corporate strategy.

[roydyor] 13/8/2016 09:04

From their basic site at the moment it would seem that Australia is one of their interests. Max Vermorken also has links to Spitfire and Spitfire were talking about listing on the Aim market this year.

[zcaprd7] 12/8/2016 15:48

Gone in for a few. Will monitor for now...

[roydyor] 10/8/2016 18:59

Very basic at the moment but it gives an idea of the aims.

Now gone to maintenance mode.

[roydyor] 10/8/2016 11:26

Just a sensible investor. :)

[zcaprd7] 09/8/2016 23:49

Who's Colin Lee then?

[roydyor] 08/8/2016 11:40

It is way off the radar at the moment and I have had a small punt. I have looked at those involved and they look genuine but as with any start up there is always a risk of failure.

[zcaprd7] 08/8/2016 10:19

Soo, is it worth getting in now, or let the dust settle?

[roydyor] 06/8/2016 12:59

The price seems to be based on the cash at start up divided by the number of shares. This places no value on potential and work done to set this up.

[roydyor] 06/8/2016 10:12

It seems strange that the present price is less than 0.18p at New Share valuations while the placement for three quarters of the company is priced at 0.24p. There has also been a holdings RNS which leaves less than 20% of the company in the hands of small investors. The warrants are also priced at 0.24p. Am I missing something?

[euclid5] 05/8/2016 21:31

If this RTO never happend they would of delisted the shares, see below

"The Company's shares were admitted to trading on AIM at 5 pence per share and has since witnessed the share price fall to 0.7 pence as of 3 August, 2016 (being less than fifteen per cent. of the original share price). This drop in the share price of the Company occurred notwithstanding the financial results which showed a gradual increase in revenues and fall in losses until 2010, when the Company showed a profit. Since 2010 the share price has continued its decline.

The Directors believe that TeleMessage requires additional funds to invest in its current and future products, including its secure enterprise mobile messaging platform developed to cater to the requirements of businesses and organisation. In an attempt to address the Group's working capital requirements and prior to considering the Proposals as set out in this Document, the Company took informal soundings from the market, which indicated negligible appetite for an equity fundraising by the Company if it remains listed on AIM. The Directors believe that this is mainly due to a lack of revenue visibility, historical and ongoing losses, working capital concerns, its small market capitalisation and the volatility of the Company's share price. Conversely, however, there appears to be interest from investors if the Company were to be unquoted.

The Board is therefore faced with a situation where, if the Company is to remain as an AIM listed company, it will unlikely be able to raise the requisite funds, without offering a prohibitively large discount to the current share price, to enable it to continue to trade, let alone invest in the development of its trading business. Alternatively, the Board could propose to delist, but then there would effectively be no market in the Existing Ordinary Shares. Finally, and as proposed in this Document, the Board could dispose of the Business, introduce new funds, appoint new directors, and look to adopt a new Investing Strategy."

[euclid5] 05/8/2016 21:28

good points but not many AIM co's manage to enhance the value of their co, they just seem to over dilte s/holders - if they have to keep paying for co's with shares - it's a "double edge sword" you end up with constant dilution

If the share price is circa 0.005p / halp a penny they will have to issue hundreds of millions to pay for the co in the first place, & could end up with over 500m / 750m shs in issue. You therefore end up diluting the asset value of a co.

CULS / Loans are not good either as it puts a strain on the BS & more dilution once Loans are converted into shares along with warrants.

But we shall see what unfolds here & how much they start paying for co's & how far they are in before they turn a profit

[roydyor] 05/8/2016 14:50

The £500k initial capital raising is at .24p a new share which is equal to .48p in existing shares. Any acquisitions will enhance the value of the company by at least the value of the money raised, which could be a loan backed by warrants. If you base the acquisitions on a multiple of what they cost, as many Aim companies do, then this could be a £6m company in no time. :-)

[euclid5] 05/8/2016 14:07

more dilution in the future it seems

"It will undertake a £500,000 initial capital raising and then seek additional funds for each acquisition it makes"

[roydyor] 05/8/2016 08:56

Telegraph, Word is spreading.

[safman] 05/8/2016 08:44

So tomboy.. the number of shares post consolidation will be 270 million..

The net effect of dilution on existing holder minus the consortium will actually be just below 4%..

saffy..

[safman] 05/8/2016 08:38

ok..

From my understanding this is how it works.. simple maths..

Placing of 208 million shares at 0.24p via Peterhouse..

Current shares in issue 115 million.. the consortium own around 84,7million shares in issue.. these will be deferred shares so will have no impact once they are..

That leaves 115 - 84.7 = around 31 million shares in issue. That is the current equity...

There will be a capital reorgainisation which will double the number of shares in issue i.e 84.7 x 2 and 31 mill x 2..

But the consortium shares WILL be deferred..

The net effect is simply this..

208 million shares placed..

Shares currently on the market of 31million will have the NET effect of being doubled.. hence if you buy today say 500k .. it will double to 1 million..

So in effect.. at 0.40p you are really buying at 0.20p..

208 million + (31 x 2 million ) = 270 million shares post consolidation..

saffy..

ps.. can comment on this..