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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| More Acquisitions Plc | TMOR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.025 | 3.85% | 0.675 | 09:31:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.65 | 0.65 | 0.725 | 0.675 | 0.65 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 22/1/2024 09:39 by hedgehog 100 22/01/2024 07:00 UK Regulatory (RNS & others) More Acquisitions PLC Placing at 1p per share and Board Changes LSE:TMOR More Acquisitions Plc"The Directors of More Acquisitions Plc (LSE: TMOR) are delighted to announce a placing as well as board changes designed to facilitate the Company's next phase of growth. Highlights -- Appointment of two highly experienced company directors to the TMOR board. Neil Sinclair will move to Executive Chairman and Stanley Davis as non-executive director. -- Fundraising of GBP312,240 through the issue of 31,224,000 new ordinary shares of GBP0.01 each at a price of 1p per share ("Placing Shares") with 2 free attaching warrants for every 1 Placing Share issued exercisable at 1.5p (exercisable at any time during the 60-month period from 4 March 2022). These options are on identical terms to those granted to investors at the time of the Company's IPO. -- Current director Charles Goodfellow will remain on the board with Roderick McIllree retiring effective immediately. Rod McIllree, Executive Director of More Acquisitions plc, said: "Today marks a significant point in the evolution of More Acquisitions. The appointment of Neil and Stanley to the Board of the Company marks an exciting step towards the execution of a reverse take-over which is expected to be value enhancing for all stakeholders. They begin their tenure on a positive note by investing in the Company at a significant premium to the market thereby confirming their faith in their stated objective of value creation. I am very confident I leave the company in good hands and look forward to continuing as a shareholder as it now moves through these next value enhancing steps." Board Restructuring The Company is pleased to announce the appointment of Neil Sinclair as the Company's new Executive Chairman, and Stanley Davis as a Non-executive Director to the Board. Neil Sinclair - Executive Chairman Neil Sinclair has over 60 years' experience in the real estate sector. He was a co-founder of Sinclair Goldsmith, Chartered Surveyors, which was admitted to the Official List in 1987. It subsequently merged with Conrad Ritblat in 1993, when he became Executive Deputy Chairman. Neil was appointed Chairman of Baker Lorenz, surveyors in 1999, which was sold to Hercules Property Services plc in 2001. He was appointed a non-executive director of Tops Estates plc in 2003 and remained so until it was sold to Land Securities plc in 2005. He co-founded Palace Capital plc with Stanley Davis in July 2010 and helped build a GBP280m property portfolio. He served as Chief Executive Officer until June 2022. ... Stanley Davis - Non-Executive Director Stanley Davis is a successful entrepreneur who has been involved in the City of London since 1977. He founded a company registration agent, Stanley Davis Company Services Limited, which he sold in 1988. In 1990 he became Chief Executive of a small share registration company which became known as IRG plc. It acquired several businesses including Barclays Bank Registrars and was sold in April 2000 for a substantial sum to the Capita Group plc. He was Chairman of Stanley Davis Group Limited specialising in company formations, property & company searches. It was sold in June 2020 to Dye & Durham listed on the Toronto Stock Exchange. He co-founded Palace Capital plc with Neil Sinclair in July 2010 and helped build a GBP280m property portfolio. He served as Chairman until December 2021. ..." This placing at 1p shows that people were absolutely right to object to the proposed 'rip off' RTO at 0.5p. But let's now move on: well done to TMOR on topping up TMOR's funds at a good price. |
Posted at 19/7/2023 11:33 by hedgehog 100 The shell MCI changed two of its three directors in March.And then earlier this month it unveiled an attractive potential RTO deal, combined with a completed placing at nearly double its pre-existing s.p. So if TMOR's directors can be replaced by people who could very potentially do better (& at the moment the bar is set pretty low), then that should surely make sense to all sensible, independent shareholders. 06/03/2023 09:39 UK Regulatory (RNS & others) Medcaw Investments Plc Directorate Change LSE:MCI Medcaw Investments Plc "Medcaw Investments Plc (LSE:MCI), a special purpose acquisition vehicle, announces that it has appointed Mr Charles Ainslie ("Charlie") Wood and Marcus Yeoman as Non-executive Directors of the Company with immediate effect, furthermore Daniel Maling and Fungai Ndoro have stepped down from the Board of the Company to focus on other projects. ..." 07/07/2023 16:12 PR Newswire (US) Medcaw Investments Plc - Potential acquisition of near-term Lithium production asset LSE:MCI Medcaw Investments Plc "Potential acquisition of near-term Lithium production asset • Signing of conditional implementation agreement with Abyssinian Metals Limited • Equity Fundraise & Suspension of Trading Medcaw Investments plc (LSE:MCI), an acquisition vehicle, is pleased to announce that it has entered into a conditional implementation agreement with Abyssinian Metals Limited ("AML"), a company incorporated in Australia and developing the Kenticha lithium project located in Oromia State, Southern Ethiopia. ... Details of Equity Fundraise Medcaw has today raised gross proceeds of £400,000 at 8p per share ("New Ordinary Shares") through an equity placement to various high net worth and institutional investors introduced by GIS Global Investment Strategy ("GIS") ("Placement"). The Company has therefore allotted and issued a total of 5,000,000 new Ordinary Shares in the Company. ..." Medcaw Investments (MCI):- |
Posted at 09/7/2023 15:06 by hedgehog 100 Thanks to Tonypeters on LSE for flagging up this piece on TMOR in the new Financial Mail on Sunday:-"CITY WHISPERS: List of Interactive Investor's most popular shares in June contained most of the usual suspects, but Rolls-Royce dropped out By FRANCESCA WASHTELL, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:50, 8 July 2023 | UPDATED: 21:50, 8 July 2023 ... Trouble at More Acquisitions AGM? The word on the street is that things could kick off at tomorrow's annual meeting for More Acquisitions, set up to hunt for and buy a firm focusing on the green transition. Tensions have been high between a few shareholders and the board ever since a deal to buy Wiltshire-based Megasteel collapsed. While attention will be on the annual meeting, some investors want an extraordinary, one-off get-together to vote on unseating directors. There are claims that a notice to requisition a meeting was submitted – but the firm says it has not received a request meeting the basic requirements for it to be processed. Contributor: John-Paul Ford Rojas" The Mail on Sunday has a huge circulation, so today's piece will bring TMOR onto a lot more radar screens. They say that no publicity is bad publicity, and it's not often that micro cap shells receive this sort of exposure. |
Posted at 01/6/2023 16:09 by hedgehog 100 "🇬🇧 𝑻𝒉&#All verified investors will have an email that needs addressing immediately. #TMOR I have today called a EGM to remove both Rodrick Mcillree and Charles Goodfellow. Based on the advisors performance todate, we kindly ask them to refrain from any unhelpful input. Please share! Quote Tweet 🇬🇧 𝑻𝒉&# Please distribute to all #TMOR MORE ACQUISITIONS PLC shareholders, across all platforms! Whether you hold a position or not I would be immensely grateful if you could RETWEET this brief statement. And perhaps express to the board your feelings, details to follow. twitter.com/DDS_DocH |
Posted at 19/4/2023 14:24 by hedgehog 100 The floatation of CHSS two days after OHT further demonstrates that there can still be a good investor appetite for an interesting new issue, even in the current challenging market conditions.CHSS floated at 6.25p/share, and has already moved up to 9.5p: a premium of 52% to its IPO price. 06/04/2023 07:00 UK Regulatory (RNS & others) World Chess PLC Admission and First Day of Dealings LSE:CHSS World Chess Plc "Admission to trading on the Main Market of the London Stock Exchange World Chess Plc (LSE: CHSS) is pleased to announce that its entire ordinary share capital will be admitted to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities ("Admission") today at 08:00 AM under the ticker "CHSS". As part of the Admission, the Company has completed a subscription and retail offer (together the "Fundraise") of new ordinary shares, raising gross proceeds of GBP3.04 million. On Admission, the Company will have a market capitalisation of approximately GBP41.7 million. Advisers to the Company include Novum Securities (financial adviser), Marriott Harrison (UK lawyers) and PKF Littlejohn (reporting accountants), whilst the offer of new Ordinary Shares to retail investors was supported by the PrimaryBid platform. Statistics Subscription Price (per Share) 6.25 pence Market capitalisation on Admission GBP41.7m Gross proceeds of the Fundraise GBP3.04m Total number of shares in issue 666,905,501 LSE Ticker CHSS ISIN GB00BN70RC41 Highlights -- World Chess owns the exclusive rights to the official online chess gaming platform, FIDE Online Arena. The Company has taken chess into the mass market through its new commercial approach to chess competitions, with an innovative approach introducing new products and concepts into the sport. -- With its experienced management team with extensive experience working in the chess industry, the Company has developed a blend of revenue streams, with 44% of revenues generated through its online playing platform, 28% through events and 28% through its chess clubs and merchandise. -- Audited full-year 2021 revenue grew by 28% to EUR3.22 million while unaudited revenue for the half-year 2022 grew by 120% to EUR1.98 million. ..." World Chess (CHSS):- |
Posted at 17/4/2023 13:42 by hedgehog 100 The floatation of OHT a couple of weeks ago shows that there can still be a good investor appetite for an interesting new issue, even in the current challenging market conditions.OHT floated at 16p/share, and has already moved up to 25.5p: a premium of 59.375% to its IPO price. 04/04/2023 07:00 UK Regulatory (RNS & others) Ocean Harvest Technology Group PLC Admission to Trading on AIM LSE:OHT Ocean Harvest Technology Group Plc "Admission to Trading on AIM and First Day of Dealings Ocean Harvest Technology Group plc, a leading global producer of animal feed additives from multispecies seaweed blends, is pleased to announce the admission of its entire issued ordinary share capital to trading on AIM ("AIM"), a market operated by the London Stock Exchange plc ("Admission"). Admission will take place and dealings will commence at 8.00 am GMT today under the ticker OHT. The Company's Admission Document is available to view on the Company's website at www.oceanharvesttech OHT delivered product revenue of EUR2.5million in 2022, a 67% increase on the prior year, and continues to see strong demand for its products. The Company has a market leading position in a multi billion dollar market with substantial barriers to entry. The Directors remain confident in achieving further significant revenue growth in 2023 and look forward to driving further commercial progress across the Group. finnCap Ltd is acting as Nominated Adviser and sole broker in relation to the Admission. Key Highlights: -- Based on the placing price of 16p, the market capitalisation of the Company will be approximately GBP20 million at Admission -- Placing raised gross proceeds of GBP6 million -- The Company's ISIN is GB00BQKR6R17 and the SEDOL is BQKR6R1 -- Following Admission the Company will have 125,855,697 Shares in issue ..." Ocean Harvest Technology Group (OHT):- |
Posted at 17/4/2023 13:05 by hedgehog 100 17/04/2023 07:00 UK Regulatory (RNS & others) More Acquisitions PLC Update on Proposed RTO LSE:TMOR More Acquisitions PlcFurther to the announcement on 23 September 2022 regarding the proposed acquisition by More of Megasteel Limited ("Megasteel") (the "RTO" or the "Proposed Acquisition"), the Company is pleased to confirm that preparations for the publication of a prospectus and admission of the enlarged group to trading on the London Stock Exchange are now well advanced. The Directors of More are also pleased to confirm that the Company and Megasteel are currently undertaking an investor roadshow as part of the Proposed Acquisition. Rod McIllree, Executive Director of More Acquisitions plc, said: "We are pleased to report that the RTO is progressing well. We are particularly encouraged by the strong level of interest that has been being shown in Megasteel by the UK investment community to date. We are increasingly confident that shareholders can expect completion of the RTO within this quarter, subject to FCA and other relevant approvals." Nigel Roberts, CEO of Megasteel Limited, said: "We are very pleased that we are are now in the final stages of the proposed RTO of Megasteel Ltd by More Acquisitions PLC. I have met with several existing shareholders of More and also potential shareholders and I look forward to concluding the process speedily and successfully." |
Posted at 16/11/2022 19:50 by hedgehog 100 Stockhunters,Sorry about the delay in replying. As I noted in post 67 above, the actual premium is 150%, not over 200%. And that premium is from a very depressed TMOR share price: far cheaper in relation to cash than the vast majority of shells. And the new shares at that premium would be issued to Megasteel itself, which has already agreed to it. Moreover, in the current risk-averse environment, investors largely want to see the sort of revenues and profitability that Megasteel has. So I don't see a problem. |
Posted at 22/9/2022 16:25 by hedgehog 100 "'Demand has never been higher': How the energy crisis is proving an 'accelerant' for renewable energyJames Murray 02 August 2022 • 7 min read Latest data from BloombergNEF reveals 11 per cent increase in global renewable energy financing, as investment reaches record levels - is a tipping point being reached? The global economic outlook may be worryingly bleak, but there is still little evidence that inflation and dwindling investor confidence are impacting the booming renewables market as investment continued..." |
Posted at 31/5/2022 17:02 by hedgehog 100 TMOR's non-executive director Charles Goodfellow was previously a director of shell company Mentum (MEN), which became a terrific multibagger.Consolidation adjusted, Mentum's lowest placing, a few months before its RTO suspension, was at 0.13p. And MEN's RTO was then priced at 0.575p, i.e. 4.423 times as much. Here's an interesting article on the excitement around that shell, including Charles Goodfellow's involvement:- "Cast list including son of Abramovich manages to create drama of its own Gary Parkinson Thursday August 01 2013, 1.01am, The Times There was a frisson of excitement on the bulletin boards of financial websites about a little-known AIM shell company with a lively cast of characters. Mentum, valued at barely £2.3 million even after yesterday’s 80.9 per cent surge to 0.43p in heavy trading, issued no news. It’s the personnel involved that sets it apart from the run-of-the-mill shell, which is no more than a company that has a stock market listing — most often, but not always, on AIM — but is devoid of a trading business. They can be “clean” and unencumbered. Or they can be “dirty”, the rotting carcasses of collapsed businesses, routinely replete with duff management, torched shareholders and debts that drown any residue of cash still glued to the bottom. One of Mentum’s three nonexecutive chairmen, Peter Moss, is a former Dresdner Kleinwort Wasserstein, Donaldson Lufkin Jenrette and Commerzbank banker of some 30 years’ experience. Another, Charles Goodfellow, has been raising money for small and medium-sized companies listed in London for nearly as long. The third is Shahed Mahmood, a founding shareholder and director of several AIM-quoted investing companies, including Skiddaw Capital, which became Crosby Capital Partners, which became Zoltav Resources backed by Arkadiy Abramovich, the son of Roman, the Chelsea billionaire. In June, large new shareholders jumped on board Mentum. Jim Stewart is the chief executive of the Investment and Development Office of the Emirate of Ras Al Khaimah. Mike Douglas is the founder and owner of the SKA International Group, which supplies fuel to the US Army in Iraq and bills itself as “doing difficult jobs in difficult places”. Both Mr Douglas and Mr Stewart own nearly 13.3 per cent of Mentum. So too, rumour-mongers suggested, does Ilyas Khan, the man who put Zoltav together, purportedly now pulling Mentum’s strings. He is not mentioned as an investor, but the suggestion was that he is behind Stanhill Special Situations Fund, ECK Partners and Bleachers Investments, each owning more than 4.4 per cent. Pull that kind of heavyweight team together, with a mandate to “pursue available investment opportunities in the natural resources and energy sectors”, and more excitable private investors will inevitably look to join dots to guess the magnitude of business probably teed up to reverse in. Commoditrade, Mentum’s previous incarnation, like Skiddaw, was another shell company floated on AIM by Andrew Regan, the colourful entrepreneur still best known for his unsuccessful attempt to gain control of the Cooperative Wholesale Society in 2009. In 2006, he reversed a London Metal Exchange (LME) trading business into it, which made terrific money and commanded a market value of about £150 million until the credit crisis pulled the shutters down on financial markets. Five short years later, the (still profitable) trading business, which also had $1 million cash and a further £1 million of LME shares was then sold to one Andrew Regan for £1, leaving a clean shell, then recycled to become Mentum. Against the backdrop of an improving American economy, the FTSE 100 was driven 50.1 points higher to 6,621.1 by the latest glut of company results." |
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