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Share Name Share Symbol Market Type Share ISIN Share Description
Mila Resources Plc LSE:MILA London Ordinary Share GB00BD4FCK53 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 2.60 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.26 -1.12 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.60 GBX

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Date Time Title Posts
19/11/202007:10Mila Resources - Main Market Investment Shell246
07/7/201902:29MILA in the dog house-

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DateSubject
30/11/2020
08:20
Mila Resources Daily Update: Mila Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker MILA. The last closing price for Mila Resources was 2.60p.
Mila Resources Plc has a 4 week average price of 1.50p and a 12 week average price of 1.50p.
The 1 year high share price is 4.50p while the 1 year low share price is currently 1.50p.
There are currently 23,200,000 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Mila Resources Plc is £603,200.
27/1/2020
14:33
hedgehog 100: A RTO (reverse takeover) into a shell gives more certainty than an IPO (initial public offering), especially in a weak IPO market, and allows a company to raise its profile and share price before raising funds later at the most opportune moment. Many of the largest companies have their roots in RTOs, including even FTSE 100 constituent WPP, the world's largest advertising company: "WPP plc ... WPP plc is a multinational communications, advertising, public relations, technology, and commerce holding company headquartered in London, England. It is considered the world's largest advertising company, as of 2019. ... The company was founded as Wire and Plastic Products plc to manufacture wire shopping baskets in 1971. In 1985 Martin Sorrell, searching for a listed company through which to build a worldwide marketing services company, bought a controlling stake...." https://en.wikipedia.org/wiki/WPP_plc So the "extremely exciting opportunities" to RTO being negotiated by MILA could result in something pretty special happening here ... which should mean a pretty special reaction from the share price.
13/1/2020
15:12
hedgehog 100: The stellar recovery of MMO was also preceded by the equivalent of director share buying. MMO directors had been paying themselves in shares to conserve the company's cash, effectively therefore buying shares: 22/10/2015 14:00 UK Regulatory (RNS & others) Mercom Oil Sands Plc Issue of Equity "The Company announces that it has issued a total of 1,782,294 New Ordinary Shares in settlement of director fees and other advisory fees and charges. Of these shares, 523,415 New Ordinary Shares have been allotted to Kyle Appleby, a non-executive director of the Company, at 3.63p per share in settlement of fees charged under his letter of appointment. The remaining 1,258,879 New Ordinary Shares have been allotted at an average price of 3.97p per share in settlement of advisory fees and charges. These fees and charges have been settled in shares in order to preserve the Company's cash resources. ..." http://uk.advfn.com/stock-market/london/mercom-oil-MMO/share-news/Mercom-Oil-Sands-Plc-Issue-of-Equity/68983152 06/05/2015 15:00 UK Regulatory (RNS & others) Mercom Oil Sands Plc Issue of Equity "The Company announces that it has allotted a total of 3,034,886 New Ordinary Shares at 4.625p per share (being the mid-market closing price at the close of business on 5 May 2015). Of these shares, 440,291 New Ordinary Shares have been allotted to Patrick Cross in settlement of director's fees and expenses of GBP20,363 for the period from 1 July 2014 to 30 April 2015 and 2,594,595 New Ordinary Shares have been allotted to John Zorbas in settlement of invoices totalling GBP120,000 in respect of his consultancy contract with the Company, for the period 1 April 2014 to 31 March 2015 and are being settled in shares in order to preserve the Company's cash resources ("the New Ordinary Shares")...." http://uk.advfn.com/stock-market/london/mercom-oil-MMO/share-news/Mercom-Oil-Sands-Plc-Issue-of-Equity/66732886 Which makes the recent big director share buying at MILA especially encouraging: 09/12/2019 12:45 UKREG Mila Resources PLC Director/PDMR Shareholding "Mila Resources Plc, a London listed natural resources company, has been notified that on 9 December 2019, Mark Stephenson, an Executive Director of the Company, bought 600,000 Ordinary Shares at a price of 1.6 pence each in the Company ("Ordinary Shares"). Following this transaction Mark Stephenson's total beneficial interest in the Company is at 1,200,000 Ordinary Shares representing 5.17 per cent of the issued share capital of the Company." https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Director-PDMR-Shareholding/81308683 The boss of MILA's large share holding here means that he is well-incentivised to deliver value here, and he is obviously very confident that he can do so as he has recently doubled this holding. And news on the "extremely exciting opportunities" to RTO being negotiated here could come at any time.
13/1/2020
14:27
hedgehog 100: Thanks for that feedback Lazygun, and I quite understand. The AGM may well have confirmed whether MILA's new strategy includes the technology sector, which it almost certainly does, as indicated by the buying afterwards. But the wider market hasn't yet received such confirmation. However, this does at least mean that any real boost from such news can still be to come. And from a market cap. of just £464K. at 2p, this boost could be very significant. Remember that as well as YOLO-ASLR, it was MMO's switch to technology that triggered its rapid multibagging in 2016. tomboyb 9 Feb '16 - 08:23 - 619 of 627 "In case anyone has missed it - MMO moving to fintech area" https://uk.advfn.com/cmn/fbb/thread.php3?id=33556304&from=605 Within a year MMO had more than 20-bagged. It was in February 2016 that this similar shell to MILA, MMO (which became MCC), announced a similar strategy switch from resources to fintech, and the share price multibagged virtually overnight. "Mercom Oil Sands Plc Notice of AGM 08/02/2016 5:50pm UK Regulatory (RNS & others) The Board of Mercom confirms that it has today posted a circular to shareholders convening an annual general meeting to be held at 85 Richmond St W, Toronto, ON M5H 2C9, Canada at 10:00 a.m. (EST) on 3 March 2016. The meeting will consider resolutions to approve, amongst other things, amendments to the Company's investing policy and a change of the Company's name to Mercom Capital Plc. ..." https://uk.advfn.com/stock-market/london/mercom-oil-MMO/share-news/Mercom-Oil-Sands-Plc-Notice-of-AGM/70289761
08/1/2020
16:53
hedgehog 100: YOLO is now ASLR, and has continued its stellar rise. Up another 16.92% (5.5p) today to 38p: market cap. £35.6m. YOLO-ASLR has now 16.5-bagged from its share price at the end of September last year (2.35p). 23/12/2019 12:46 UKREG YOLO Leisure & Technology PLC Change of Name "Change of Name to Asimilar Group Plc Earlier today YOLO announced that, at its General Meeting held at 11.00 a.m. this morning, amongst other things, a resolution was passed to change the name of the Company. The Company is pleased to announce that the change of the Company's name to Asimilar Group Plc has today been registered at Companies House. Accordingly the TIDM for the Company's ordinary shares will change to ASLR" https://uk.advfn.com/stock-market/london/yolo-leisure-and-technol-YOLO/share-news/YOLO-Leisure-Technology-PLC-Change-of-Name/81411554 Remember that it was a change of investment strategy to focus on technology that triggered the start of YOLO-ASLR's rise: 02/10/2019 06:00 UK Regulatory (RNS & others) YOLO Leisure & Technology PLC Placing and Investment Strategy " ... Investment Strategy The board of directors has conducted a review of the Company's investment strategy. One outcome of that review is that the board has decided that, in the light of the current market conditions and pipeline opportunities, within the scope of its current investment strategy it should give particular focus to technology opportunities in the fields of big data, machine learning, telematics and the internet of things (IoT). ..." https://uk.advfn.com/stock-market/london/yolo-leisure-and-technol-YOLO/share-news/YOLO-Leisure-Technology-PLC-Placing-and-Investme/80843606 I wouldn't be at all surprised if shareholders attending MILA's recent AGM received an indication that MILA's new strategy includes the technology sector, which I believe it almost certainly does. Which, combined with the "extremely exciting opportunities" to RTO that are being negotiated here, makes this a very compelling investment opportunity.
28/11/2019
17:45
hedgehog 100: And remember that it was a change of investment strategy to focus on technology that triggered YOLO's multibagging last month: 02/10/2019 06:00 UK Regulatory (RNS & others) YOLO Leisure & Technology PLC Placing and Investment Strategy " ... Investment Strategy The board of directors has conducted a review of the Company's investment strategy. One outcome of that review is that the board has decided that, in the light of the current market conditions and pipeline opportunities, within the scope of its current investment strategy it should give particular focus to technology opportunities in the fields of big data, machine learning, telematics and the internet of things (IoT). ..." https://uk.advfn.com/stock-market/london/yolo-leisure-and-technol-YOLO/share-news/YOLO-Leisure-Technology-PLC-Placing-and-Investme/80843606 And similarly, it was MMO's switch to technology that triggered its rapid multibagging in 2016. tomboyb 9 Feb '16 - 08:23 - 619 of 627 "In case anyone has missed it - MMO moving to fintech area" https://uk.advfn.com/cmn/fbb/thread.php3?id=33556304&from=605 Within a year MMO had more than 20-bagged. It was in February 2016 that this similar shell to MILA, MMO (which became MCC), announced a similar strategy switch from resources to fintech, and the share price multibagged virtually overnight. And within a year it had more than 20-bagged. "Mercom Oil Sands Plc Notice of AGM 08/02/2016 5:50pm UK Regulatory (RNS & others) The Board of Mercom confirms that it has today posted a circular to shareholders convening an annual general meeting to be held at 85 Richmond St W, Toronto, ON M5H 2C9, Canada at 10:00 a.m. (EST) on 3 March 2016. The meeting will consider resolutions to approve, amongst other things, amendments to the Company's investing policy and a change of the Company's name to Mercom Capital Plc. ..." https://uk.advfn.com/stock-market/london/mercom-oil-MMO/share-news/Mercom-Oil-Sands-Plc-Notice-of-AGM/70289761
05/11/2019
19:02
hedgehog 100: If a company like CQCL RTOed into here, with a valuation of about £100M.+, then MILA wouldn't need to have much of the enlarged equity to have a very handsome return from it's current share price of 1.7p. E.g. An expanded market cap. of say £100M., with MILA having a 1.5% share of the enlarged equity, would equate to a £1.5M. valuation for MILA: which would equate to 6.4p per share. MILA floated just over three years ago at 5p per share, raising £1.05M. gross at that s.p. And I'm sure that the company would love to reward patient long-term shareholders by arranging a RTO at or near that level if at all possible.
31/10/2019
18:26
hedgehog 100: A MILA after hours RNS this evening: they are negotiating some "extremely exciting opportunities" to RTO! And they have been pursuing a new strategy, looking beyond the resources sector: this will almost certainly include the tech sector!! 31/10/2019 17:00 UKREG Mila Resources PLC Final Results " ... Highlights -- Ongoing appraisal of investment targets in regions with strong valuation or cash-flow growth potential -- Mutually terminated a proposed reverse takeover of Capital Metals Limited -- Broadening of investment horizons -- Strong balance sheet position with cash balance at the end of the period Chairman's Statement Dear Shareholder We have pleasure in presenting the financial statements for the year ended 30 June 2019. Following Mila's re-listing and broadening of its horizons we remain open minded about which industries we might invest in while retaining our key criteria for delivering excellent value for our shareholders. The mutually terminated proposed reverse takeover of Capital Metals Limited, while disappointing, has driven our new strategy which we hope will lead to a swift replacement. The reduction of investment routes for smaller businesses following the continued uncertainty over Brexit has driven some extremely exciting opportunities towards Mila. Negotiations are already well underway on these projects and we hope that at least one of these opportunities can be Mila's first acquisition. We formed the Company to undertake an acquisition of a controlling interest in a company or business (an "Acquisition"). Any Acquisition is expected to constitute a reverse takeover transaction and consideration for the Acquisition may be in part or in whole in the form of share-based consideration or funded from the Company's existing cash resources or the raising of additional funds. I look forward to reporting our progress to you over the next period. ... " https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Final-Results/81040036
01/9/2019
10:15
hedgehog 100: Computercoders, The last interim loss was £104.65K., but in March this year the number of directors was reduced from three to two, which will save money. Like all shells, this is speculative, because you can't be certain of what you're going to get. But at least here the valuation is very low, which magnifies the upside in the event of a deal. The stockmarket listing itself has a significant value, and MILA should currently be worth far more to an unlisted company wishing to float than its current market cap. of just £359.6K. (at 1.55p). Valuation is a key shell criteria for me, and another is the chance of a deal in the near-term. A near-term deal here looks to be very possible, though obviously there are no guarantees. 29/03/2019 07:00 UK Regulatory (RNS & others) Mila Resources PLC Interim Results " ... Financial Review For the half year to 31 December 2018, the Company reports a net loss of GBP104,650 (2017: GBP124,732). During the six-month period to 31 December 2018, the Company continued its strict financial discipline, incurring a net operating cash outflow of GBP128,350 (GBP2017: GBP120,645). The Company held cash at 31 December 2018 of GBP573,200 (2017: GBP811,389) ..." https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Interim-Results/79578139 19/03/2019 17:15 UK Regulatory (RNS & others) Mila Resources PLC Capital Metals Transaction Update & Board Changes " ... Following the termination of talks with CML, Mr George Donne and Mr Anthony Eastman, both Executive Directors of Mila Resources, have informed the Company of their intention to step down from the Board with immediate effect. The Company would like to thank them for their hard work since the establishment of Mila Resources in 2015. A search for a replacement has commenced and a further announcement will be made in due course. Mila Resources maintains a healthy cash position and has agreed for certain due diligence costs, incurred during the intended transaction with CML, to be reimbursed by CML upon a listing of CML. The Company will now look for a new transaction with the intention of identifying a suitable opportunity in the near term. The Company would like to thank shareholders for their patience and looks forward to updating them in due course upon the identification of a suitable transaction." https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Capital-Metals-Transaction-Upda/79505203 26/03/2019 16:45 UK Regulatory (RNS & others) Mila Resources PLC Board Appointment "Mila Resources plc, the London Stock Exchange listed investment company, is pleased to announce that Mr. Lee Daniels has joined the Board as a Non-Executive Director with immediate effect. Mr. Daniels is an experienced qualified accountant (Australian Certified Practicing Accountant). He has worked in London over the last two decades and has held senior finance roles with HSBC (Global Markets), Credit Suisse, ABN AMRO (Wholesale Markets) and LTSB(Group) (Distressed Debt Division). He has an established track record in Finance and Accounting, Change Management, Project Evaluation & Financial Modelling. Most recently, in the last few years, he has been working in the Oil and Gas industry for a public E&P company. Commenting on the new appointment, Mark Stephenson, Director, said: "We are delighted to welcome Lee to the Board, his wealth of experience will be invaluable in helping to identify and execute a suitable investment." ..." https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Board-Appointment/79554043
28/8/2019
14:36
hedgehog 100: From MILA's website: "A NEW APPROACH TO MINING Focused on Delivering High-Value Mining Opportunities" HTTP://www.milaresources.com/ But interestingly, MILA's interim results statement revealed that it was expanding its remit to include other sectors too: 29/03/2019 07:00 UK Regulatory (RNS & others) Mila Resources PLC Interim Results " ... Outlook The appetite for listing on the London Standard List is currently appealing to many domestic and international private companies. Mila's current existing investment strategy is to broaden its horizons. Evaluating opportunities across a range of sectors, the company believes will lead to a more efficient process of identifying suitable candidates. On behalf of the board Mark Stephenson Director 29 March 2019 ... " http://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Interim-Results/79578139 This could be a good move, given that much of the mining sector is in the doldrums ( ... although that does at least depress mining sector RTO target valuations, and makes the RTO route more attractive if the IPO route is partially drying up). The expansion could well include the technology sector. And this reminds me of former natural resources shell Alexander David Investments, which was RTOed by Tizania Life Sciences (TILS), and 20-bagged from its RTO price within barely a year. - From "THE TIMES", 20th. May 2014: "Private punters also took an interest in biotechnology minnows. One, Tiziana Life Sciences, named Napoleone Ferrera as chairman of its "scientific advisory board". His research is credited with leading to the development of Avastin and Lucentis, two of the world's bestselling drugs. The developer of breast cancer drugs made its debut on AIM last month when it reversed into the shell of Alexander David Investments, originally intended to be a natural resources investment vehicle, to gain its London listing. Shares placed then at 12p each by Beaufort Securities rose a further 2 1/2p to 28 1/2p, a record, in brisk trading."
13/8/2019
14:57
hedgehog 100: From MILA's website: "A NEW APPROACH TO MINING Focused on Delivering High-Value Mining Opportunities" HTTP://www.milaresources.com/ But interestingly, MILA's interim results statement revealed that it was expanding its remit to include other sectors too: 29/03/2019 07:00 UK Regulatory (RNS & others) Mila Resources PLC Interim Results " ... Outlook The appetite for listing on the London Standard List is currently appealing to many domestic and international private companies. Mila's current existing investment strategy is to broaden its horizons. Evaluating opportunities across a range of sectors, the company believes will lead to a more efficient process of identifying suitable candidates. On behalf of the board Mark Stephenson Director 29 March 2019 ... " http://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Interim-Results/79578139 This could be a good move, given that much of the mining sector is in the doldrums ( ... although that does at least depress mining sector RTO target valuations, and makes the RTO route more attractive if the IPO route is partially drying up). The expansion could well include the technology sector. In February 2016 a similar shell to MILA, MMO, announced a similar strategy switch from resources to fintech, and the share price multibagged virtually overnight.
Mila Resources share price data is direct from the London Stock Exchange
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