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More Acquisitions Plc (TMOR) Share Price

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
More Acquisitions Plc	LSE:TMOR	London	Ordinary Share	GB00BMWKKM32	ORD GBP0.01

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	0.00	0.0%	0.95	0.00	01:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Offices-holdng Companies,nec	0.00	-0.11	-	-	1.19

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
-	O	0	0.95	GBX

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More Acquisitions (TMOR) Latest News

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Date	Time	Source	Headline
24/5/2023	20:14	ALNC	TRADING UPDATES: More Acquisitions cancels Megasteel buy; PCI-PAL rosy
24/5/2023	12:04	UKREG	More Acquisitions PLC Update on Proposed Acquisition of Megasteel
22/5/2023	17:44	ALNC	TRADING UPDATES: EnSilica's integrated circuits designed into models
22/5/2023	15:30	UKREG	More Acquisitions PLC Update on Proposed Acquisition of Megasteel
17/4/2023	16:34	ALNC	TRADING UPDATES: Anglo Asian gold output down; Faron hails antibody
17/4/2023	07:00	UKREG	More Acquisitions PLC Update on Proposed RTO
13/12/2022	07:00	UKREG	More Acquisitions PLC Audited Accounts to 31 October 2022
23/9/2022	11:53	ALNC	More Acquisition suspends shares due to planned Megasteel acquisition
23/9/2022	07:45	UKREG	More Acquisitions PLC Acquisition - Megasteel and Suspension of Trading
23/9/2022	07:30	UKREG	Official List Suspension - More Acquisitions Plc

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Date	Time	Title	Posts
24/5/2023	12:46	More Acquisitions PLC	84

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Posted at 23/5/2023 17:04 by hedgehog 100 22/05/2023 15:30 UK Regulatory (RNS & others) More Acquisitions PLC Update on Proposed Acquisition of Megasteel LSE:TMOR More Acquisitions Plc https://uk.advfn.com/stock-market/london/more-acquisitions-TMOR/share-news/More-Acquisitions-PLC-Update-on-Proposed-Acquisiti/91127102 Well done to both sides for 'thinking laterally', in being willing to proceed without raising more funds. That said, my view is that Megasteel is a good RTO for TMOR, but at the wrong shell price on these revised terms, and I'll explain why. Megasteel looks like a very impressive and exciting growth company:- 23/09/2022 07:45 UK Regulatory (RNS & others) More Acquisitions PLC Acquisition - Megasteel and Suspension of Trading LSE:TMOR More Acquisitions Plc " ... In its financial year ended 31 October 2021, Megasteel made audited pre-tax profits of £3m on turnover of £19.7m. ..." https://uk.advfn.com/stock-market/london/more-acquisitions-TMOR/share-news/More-Acquisitions-PLC-Acquisition-Megasteel-and/89129228 22/05/2023 15:30 UK Regulatory (RNS & others) More Acquisitions PLC Update on Proposed Acquisition of Megasteel LSE:TMOR More Acquisitions Plc " ... Megasteel is a cash flow positive , profitable, business, which reported audited post tax profits of £5.34 million, on revenue of £30 million, in its financial year ended 31 October 2022. As at that date, Megasteel had cash of approximately £10 million and therefore has no requirement to raise any additional funds. ..." https://uk.advfn.com/stock-market/london/more-acquisitions-TMOR/share-news/More-Acquisitions-PLC-Update-on-Proposed-Acquisiti/91127102 And its CEO Nigel Roberts has shown himself to be a negotiator of brillance, to extract such a lowly shell value from TMOR. That bodes very well for him cutting good deals for his business - in both buying and selling. Moreover, the value being attributed the Megasteel is comparatively modest. The problem is that the value being attributed to TMOR isn't just comparatively modest, it is clearly way below even its minimum current fair value for a RTO. That I believe would be c. 1p/share: which is still a 55.5% price reduction from the previous level of 2.25p, which would still be more that the % price reduction in Megasteel's valuation. And I think that TMOR shareholders are entitled to it in view of this statement from yesterday's RNS, which would otherwise be completely false:- "The Directors believe that this material reduction in valuations retains the relative post-completion ownership of the Enlarged Group ..." A further change in the terms to 1p, from 0.5p, would provide a 100% benefit to TMOR shareholders compared to the latest proposals, but at a cost of only c. 2% to Megasteel. I don't believe that Megasteel would be able to get a better RTO deal than that elsewhere, especially as other shells would be wary of dealing with them if they've been seen to reject fair value from another shell. That would leave the IPO route, which might not fully recover for years, and would still be comparatively risky and uncertain, and require Megasteel to give away a far bigger share of its equity. So I'm afraid I'm going to have to vote a 'sad no' to a 0.5p Megasteel RTO, but would willing support a 1p deal. If it proceeds on that basis, the share price could still potentially reach 2p by the end of the year. Megasteel's post tax profits of £5.34 million last year suggest pre tax profits of c. £6.6M. on a 19% corporation tax rate, i.e. well over double the previous year's. The post-RTO market cap. at 1p, on a 1p shell valuation for TMOR, would be just £32.125M., with c. £10M. cash. I.e. a enterprise value pre-tax profit multiple of barely three, for a cash rich company growing like Topsy! Clearly you would expect the share price to move ahead very strongly, and in due course be a very good multibagger. That said, I think there's a good chance that TMOR can extract better RTO terms, once it becomes apparent that shareholders won't back the deal as it currently stands. They need 75% of the votes cast to get the deal through, which is quite a high threshold. Read Full Thread Follow Reply
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. ..." https://uk.advfn.com/stock-market/london/world-chess-CHSS/share-news/World-Chess-PLC-Admission-and-First-Day-of-Dealing/90711445 World Chess (CHSS):- Read Full Thread Follow Reply
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.oceanharvesttechnology.com . 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 ..." https://uk.advfn.com/stock-market/london/ocean-harvest-technology-OHT/share-news/Ocean-Harvest-Technology-Group-PLC-Admission-to-Tr/90683169 Ocean Harvest Technology Group (OHT):- Read Full Thread Follow Reply
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 Plc Further 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." https://uk.advfn.com/stock-market/london/more-acquisitions-TMOR/share-news/More-Acquisitions-PLC-Update-on-Proposed-RTO/90773111 Read Full Thread Follow Reply
Posted at 13/12/2022 16:58 by hedgehog 100 13/12/2022 07:00 UK Regulatory (RNS & others) More Acquisitions PLC Audited Accounts to 31 October 2022 LSE:TMOR More Acquisitions Plc Audited Accounts to 31 October 2022 The Board of More Acquisitions plc are pleased to present the Company's inaugural audited financial statements for the 13 months ended 31 October 2022. The report will be available on the Company's website. The Directors are pleased to re-confirm that the total costs for the IPO were capped at GBP50,000 (excl. VAT), as reported on the first day of dealings. ... Chairman's Statement More Acquisitions is pleased to present its inaugural Annual Report to shareholders. Launched onto the LSE Standard List on 4 March 2022 with great aplomb, More Acquisitions had from the very beginning a clear plan to find a suitable Reverse Takeover ("RTO") candidate to present to its shareholders. Your Directors set about this task with alacrity and considered numerous opportunities before alighting upon Megasteel Limited. On 23 September 2022, the Company was pleased to announce that it had signed conditional Heads of Terms in relation to the proposed acquisition of 100% of the issued share capital of Megasteel Limited, one of the largest stockholders and distributors of steel for the prestressing and post-tensioning of concrete in the UK. The RTO transaction is expected to close during Q1 2023. In the view of the Directors, this proposed transaction represents an extremely exciting opportunity to bring a high-quality profitable long-standing British engineering concern to the market and provide, one hopes, healthy returns to More Acquisitions' shareholders over the medium term. The Board looks forward to bringing this transaction to a successful conclusion as soon as possible and will keep shareholders abreast of developments in this regard. ... https://uk.advfn.com/stock-market/london/more-acquisitions-TMOR/share-news/More-Acquisitions-PLC-Audited-Accounts-to-31-Octob/89761424 Read Full Thread Follow Reply
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. Read Full Thread Follow Reply
Posted at 24/9/2022 12:07 by hedgehog 100 Solarno, There's been some comments on LSE, and shell boards do tend to be a bit 'sleepy'. Also, the great nature of yesterday's news is fairly self-explanatory. If TMOR hadn't been suspended pre-opening yesterday, it would probably be top riser for the weekend. That should still be to come though, if the RTO proceeds. And quite apart from the initial premium for TMOR, Megasteel itself looks like a potentially cracking growth share, that could potentially multibag in the longer term from its listing price. Thanks and well done to TMOR's management for arranging such a cracking potential deal. I make the premium 150% though, not 214%: i.e. a premium of 1.35p over 0.9p, to give a RTO price of 2.25p. Whereas the RTO price of 2.25p is 250% of 0.9p. 23/09/2022 07:45 UK Regulatory (RNS & others) More Acquisitions PLC Acquisition - Megasteel and Suspension of Trading LSE:TMOR More Acquisitions Plc "Proposed Acquisition of Megasteel Limited and Suspension of Trading More Acquisitions plc, a company formed for the purpose of undertaking one or more acquisitions of a majority interest in a company or business, is pleased to announce that it has signed conditional Heads of Terms in relation to the proposed acquisition of 100% of the issued share capital of Megasteel Limited ("Megasteel"), one of the largest stockholders and distributors of steel for the prestressing and post-tensioning of concrete in the UK (the "Proposed Acquisition"). Key Proposed Terms; -- Dependent on the exercise of warrants by More Acquisition shareholders as part of the Proposed Acquisition, and therefore the balance sheet of the enlarged Company on completion, Megasteel will be valued at between GBP49.5million- GBP63million; -- Consideration for the Proposed Acquisition will involve the issue of between 2.2 billion -2.8 billion new shares in More at an issue price of 2.25p per share (the "Issue Price"). -- Proposed Issue Price represents a premium of approximately 214 per cent. to the Closing Mid- Price of 0.9 pence per More Acquisition share on 22 September 2022 (being the last Business Day prior to the date of this announcement). -- Proposed Acquisition values the current issued share capital of More at GBP2.81 million (vs GBP1.19 million at closing on 22 September 2022) or over 2.3 times the Company's current net cash Background Megasteel (www.megasteel.co.uk ), has traded for more than 30 years in the United Kingdom, and is one of the largest stockholders and distributors of high-quality steel for the prestressing and post-tensioning of concretes in the UK. Prestressed concrete is a critical building product used in the UK construction market, from house floors to bridge beams and from railway sleepers to high rise buildings in the City of London. In its financial year ended 31 October 2021, Megasteel made audited pre-tax profits of GBP3m on turnover of GBP19.7m. Megasteel also operates a sub-contract engineering business based in Malmesbury, Wiltshire, having acquired Sweetnam and Bradley Limited in 2019. Sweetnam and Bradley support several clients including Renishaw plc, Siemens plc, Rotork plc and the London Underground. The Proposed Acquisition remains subject, amongst other things, to completion of customary due diligence and there is therefore no certainty that the Proposed Acquisition will proceed. If the Proposed Acquisition is completed, it will constitute a reverse takeover under the Listing Rules. Accordingly, the Company has requested that the listing of its Ordinary Shares be suspended with effect from today. The Company intends, as soon as practicable, to publish a prospectus and to make an application for the Company, as enlarged by the Proposed Acquisition, to have its Ordinary Shares admitted to the Official List and to trading on the Main Market for listed securities on the London Stock Exchange. Further announcements will be made regarding the Proposed Acquisition when appropriate. Roderick McIllree, Executive Director of More Acquisitions commented: "We have reviewed a large number of assets and businesses in many different sectors during the last six months as possible acquisitions for More Acquisitions. After undertaking intensive due diligence, we believe that Megasteel stands out as a high-value, profitable investment for our shareholders. Megasteel is well-established and a leading player in its sector, with a long history of profitability and industry excellence, and we believe that it has the potential to deliver long term value to More Acquisitions and its shareholders." Nigel Roberts, CEO of Megasteel Ltd added: "We have built Megasteel over the last 30 years to be one of the biggest suppliers in the UK of prestressing wire and strand, a product used in almost every construction project in the country, and we have been considering a listing of the business for many years. We are pleased to be working with More Acquisitions as the vehicle that will enable us to do this. Over many years we have been able to grow our sales, generate revenues, make profits and turn those profits into cash which we have reinvested into the business to keep the cycle going. Applied over a long period of time these business methods have produced a profitable business that I am proud to have started. Three years ago, we acquired Sweetnam and Bradley, a business that has for over 60 years followed the same principles as Megasteel. This acquisition has been successful for us. Our intention is to continue to grow our business organically and through further acquisitions of other successful businesses. We were attracted to More Acquisitions as our vehicle to list because we liked the simplicity and cost-effective way in which it had been set up with its 'one price for all', no advisory or broking fees, capped listing and on-going costs and no director salaries, the Company and its key stakeholders fitted very well with our views on how a business should be run!" https://uk.advfn.com/stock-market/london/more-acquisitions-TMOR/share-news/More-Acquisitions-PLC-Acquisition-Megasteel-and/89129228 Read Full Thread Follow Reply
Posted at 04/6/2022 14:38 by hedgehog 100 It's interesting to compared TMOR's value with that of another shell that floated recently at 1p, with a similar amount of cash: GSC (GS Chain). GSC's current share price is 5.45p, giving it a market capitalisation of £21.8M. Which is over £20M. more than TMOR's current market cap.: £1.38M., at 1.1p. 13/05/2022 08:00 UK Regulatory (RNS & others) GS Chain PLC Admission to trading and first day of dealings LSE:GSC Gs Chain Plc "GS Chain is pleased to announce that admission of its shares to trading on the London Stock Exchange's main market ("LSE") will take place and dealings will commence at 8.00 a.m. today, under the ticker GSC and ISIN number 984500K398M8C508B642. The Company is direct listing 399,985,888 Ordinary Shares on the Official List. Market capitalisation at 1p is GBP3,999,858.88. About GS Chain GS Chain intends to identify opportunities within the technology sector, to conduct the necessary due diligence and subsequently complete an Acquisition. While the Directors will consider a broad range of technology sectors, those which the Directors believe will provide the greatest opportunity and which the Directors will initially focus on include the use of technologies in real estate, banking, finance, fintech, telecommunications, automotive and blockchain industries. The Directors may consider other sectors if they believe such sectors present a suitable opportunity for the Company. The Company's objective is to generate attractive long term returns for Shareholders and to enhance value by supporting sustainable growth, Acquisitions and performance improvements within the acquired companies. The Directors will also use their knowledge and experience across a wide range of industry sectors in acquiring, investing and integrating businesses, which allows them to assess the viability of acquisition opportunities and their management teams, which is fundamental to finding the right Acquisition. The Company's admission document is available to view on its website hxxps://gschain.world/" https://uk.advfn.com/stock-market/london/gs-chain-GSC/share-news/GS-Chain-PLC-Admission-to-trading-and-first-day-of/88100632 Read Full Thread Follow Reply
Posted at 01/6/2022 09:43 by hedgehog 100 And TMOR executive director Roderick McIllree has topped up his holding by buying a million shares on the market:- 22/04/2022 07:00 UK Regulatory (RNS & others) More Acquisitions PLC Director/PDMR Shareholding LSE:TMOR More Acquisitions Plc "More Acquisitions plc (LSE: TMOR) has been notified yesterday that Roderick McIllree, Executive Director of the Company, purchased 1,000,000 Ordinary Shares of GBP0.01 each in the Company at 1.063 pence per share, on 21 April 2022. Following the Director's purchase, Roderick McIllree owns 10,000,000 Ordinary Shares, representing 8.00% of the issued share capital. ..." https://uk.advfn.com/stock-market/london/more-acquisitions-TMOR/share-news/More-Acquisitions-PLC-Director-PDMR-Shareholding/87882024 You might think that with nine million shares already, he had enough, but apparently not. Clearly neither director waited very long after TMOR's float before their purchases, which is quite unusual. And it suggests that they think TMOR shares are an absolute bargain at current levels, which may not last long. Read Full Thread Follow Reply
Posted at 01/6/2022 08:53 by hedgehog 100 TMOR non-executive director Charles Goodfellow is obviously confident of creating significant value here, buying as he has nearly a million TMOR shares on the market, to nearly treble his holding:- 17/03/2022 16:25 UK Regulatory (RNS & others) More Acquisitions PLC Director/PDMR Shareholding LSE:TMOR More Acquisitions Plc "The Company has been notified that on 17 March 2022, Charles Goodfellow, Director of the Company, has purchased Ordinary Shares of GBP0.01 ("Shares") as follows: Director Date of Number Purchase Total % Issued share purchase of Shares price Shares capital held held following purchase 17 March Charles Goodfellow 2022 454,545 1.10 p 954,545 0.76 ..." https://uk.advfn.com/stock-market/london/more-acquisitions-TMOR/share-news/More-Acquisitions-PLC-Director-PDMR-Shareholding/87586423 01/04/2022 14:57 UK Regulatory (RNS & others) More Acquisitions PLC Director/PDMR Shareholding LSE:TMOR More Acquisitions Plc "The Company has been notified that on 1 April 2022, Charles Goodfellow, Director of the Company, has purchased Ordinary Shares of GBP0.01 ("Shares") as follows: Director Date of Number Purchase Total % Issued share purchase of Shares price Shares capital held held following purchase Charles Goodfellow 1 April 2022 500,000 1.089 p 1,454,545 1.16 ..." https://uk.advfn.com/stock-market/london/more-acquisitions-TMOR/share-news/More-Acquisitions-PLC-Director-PDMR-Shareholding/87733241 Read Full Thread Follow Reply

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