Share Name Share Symbol Market Type Share ISIN Share Description
Nba Quantum LSE:NAQ London Ordinary Share GB00B4MTQK45 ORD GBP100
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 8,750.00p 0.00p 0.00p - - - 0 06:32:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials - - - - 641.38

Nba Quantum Share Discussion Threads

Showing 126 to 148 of 150 messages
Chat Pages: 6  5  4  3  2  1
They should never have been quoted.
Never became involved and now never will as they are delisting due to the cost of AIM listing of £87k not justified by trading volume-they state 87% of the time(ie trading days)there is not a single transaction. regards
TIDMNAQ RNS Number : 8090R NBA Quantum PLC 06 May 2009 ? NBA Quantum plc ("NBA Quantum" or "the Company") Proposed Cancellation of trading on AIM and Notice of General Meeting As announced in the Company's interim results released on 30 March 2009 the Board confirms it is seeking a delisting from AIM of the Company's Ordinary Shares together with certain related proposals. A General Meeting is being convened to be held on 28 May 2009 at 11.00 a.m. at 3000 Cathedral Hill, Guildford, Surrey GU2 7UB at which a resolution to seek, inter alia, Shareholder approval for the cancellation will be proposed. A circular convening the General Meeting will today be posted to Shareholders and will shortly be available for download at the Company's website: The expected timetable of principal events is as follows: +-----------------------------------------+--------------------------------+ | | 2009 | +-----------------------------------------+--------------------------------+ | | | +-----------------------------------------+--------------------------------+ | Despatch of the circular | Wednesday 6 May | +-----------------------------------------+--------------------------------+ | | | +-----------------------------------------+--------------------------------+ | Last time and date for receipt of Forms | 11.00 a.m. on Tuesday 26 May | | of Proxy | | +-----------------------------------------+--------------------------------+ | | | +-----------------------------------------+--------------------------------+ | General Meeting | 11.00 a.m. on Thursday 28 May | +-----------------------------------------+--------------------------------+ | | | +-----------------------------------------+--------------------------------+ | Record date | Close of business on Thursday | | | 28 May | +-----------------------------------------+--------------------------------+ | | | +-----------------------------------------+--------------------------------+ | Expected date for CREST accounts to be | Friday 29 May | | credited | | +-----------------------------------------+--------------------------------+ | | | +-----------------------------------------+--------------------------------+ | Last day for dealings of Ordinary | Thursday 4 June | | Shares on AIM | | +-----------------------------------------+--------------------------------+ | | | +-----------------------------------------+--------------------------------+ | Expected date of cancellation of | with effect from 7.00 a.m. on | | Ordinary Shares from trading on AIM | Friday 5 June | +-----------------------------------------+--------------------------------+ | | | +-----------------------------------------+--------------------------------+ | Expected date by which definitive new | Friday 5 June | | share certificates are to be despatched | | +-----------------------------------------+--------------------------------+ | | | +-----------------------------------------+--------------------------------+ | Expected date by which cheques for | Friday 5 June | | Fractional Entitlements (where | | | applicable) are to be despatched | | +-----------------------------------------+--------------------------------+ | | | +-----------------------------------------+--------------------------------+ | Expected date on which CREST accounts | Monday 8 June | | are to be cancelled | | +-----------------------------------------+--------------------------------+ The full text of the Chairman's letter contained within the circular is set out below. Definitions in this announcement shall bear the same meaning as those in the circular to Shareholders. Dear Shareholder, Proposed Cancellation, Capital Reorganisation, Re-registration and Capital Reduction Introduction The Group's interim results announced on 30 March 2009 included certain details concerning the Board's intention to seek a delisting from AIM of the Ordinary Shares and related proposals. The Board believes that it would be in the interests of the Company and its Shareholders as a whole to cancel from the admission to trading on AIM the Ordinary Shares ("the Cancellation"), effect a share consolidation of the share capital of the Company ("the Capital Reorganisation"), re-register as a private company ("the Re-registration") and effect a share capital reduction ("Capital Reduction"), together "the Transaction". The reasons for and details of the proposed Transaction are set out below. I am therefore writing to you today to seek the necessary approval to allow the proposed Transaction to proceed. Notice of a General Meeting of the Company (at which the Resolutions to give effect to the Transaction will be put to the Shareholders) is set out on pages 15 and 16 of this document. Background to and reasons for the proposed Transaction 1. Reasons for proposed Cancellation Following careful consideration the Board has concluded that it is no longer in the best interests of the Company or its Shareholders to maintain the Company's trading facility on AIM and consider that the costs of remaining quoted on AIM far outweigh the benefits. As with many other smaller AIM quoted companies, the Group's Shareholder register is tightly held. Over 80 per cent. of the Shareholders by number listed on the Group's register own less than 0.6% of NBA Quantum's issued share capital. The Group suffers from a lack of liquidity in its shares. In the twelve months to 29 March 2009 (being the latest date before the Company announced its intention to delist) there were 226 trading days when no Ordinary Shares were traded on the London Stock Exchange (87 per cent of trading days) and 244 trading days when less than 5,000 Ordinary Shares were traded (94 per cent of trading days in that period). The average daily volume over the twelve months to 29 March 2009 is less than 4,000 shares, equating to 0.04 per cent of the Group's current issued share capital. As it is unlikely that the Group will be issuing new shares as part of a fundraising or as consideration for an acquisition, the lack of liquidity in its shares and low trading volumes are likely to continue. The Group's quotation on AIM involves considerable direct costs which the Directors estimate amount to approximately GBP60,000 per annum and deem are not appropriate for a Company of the size of NBA Quantum. Additionally, the Directors consider that the Company's listing on AIM results in a disproportionate amount of senior management time being spent in meeting the AIM Rules and related requirements, including reporting, disclosure and corporate governance requirements. The Directors believe that the interest of the Company and the Shareholders would best be served by removing these costs and allowing the Company's business to develop outside the constraints to which it is currently subject. The Company is aware that there is limited institutional investor appetite for a Company of the size of NBA Quantum. The Directors do not therefore consider that the Company will be able to attract and maintain an institutional investor base, especially in light of the current economic environment. In light of the factors detailed above, the Directors have concluded that the Cancellation be in the interests of the Company and its Shareholders as a whole. Rule 41 of the AIM Rules for Companies requires an AIM company which wishes the London Stock Exchange to cancel admission of its shares to trading on AIM to notify such intended cancellation and separately inform the London Stock Exchange of its preferred cancellation date at least 20 business days prior to such date. The Cancellation is conditional upon the consent of not less than 75 per cent of votes cast by Shareholders given at the General Meeting. The Company has notified the London Stock Exchange of its preferred cancellation date and if the relevant resolution is approved at the General Meeting it is anticipated that Cancellation will occur with effect from 7.00 a.m. on Friday 5 June 2009. 2. Effect of the Cancellation on Shareholders The principal effects of the Cancellation would be that: (a) there would no longer be a formal market mechanism enabling Shareholders to trade their shares on AIM or any other market or tracking exchange; (b) the Company would not be bound to announce material events, administrative charges or material transactions nor to announce interim or final results; (c) the Company would no longer be required to comply with any of the additional specific corporate governance requirements for companies admitted to trading on AIM; and (d) the Company will no longer be subject to the AIM Rules and Shareholders will no longer be required to vote on certain matters as provided in the AIM Rules. The Board will, however, continue to: (a) continue to hold general meetings in accordance with the applicable statutory requirements and the Company's articles of association; and (b) continue to send Shareholders copies of the Company's audited accounts in accordance with the applicable statutory requirements. Shareholders should note that following the Cancellation the Company will remain subject to the provisions of The Takeover Code on the basis set out in those provisions. 3. Following the Cancellation The Directors are aware that Shareholders may still wish to acquire or dispose of Shares. The Directors are considering making available a matched bargain settlement. Under this facility Shareholders or persons acquiring Shares will be able to leave an indication with the matched bargain settlement facility provider that they are prepared to buy or sell at an agreed price. In the event that the matched bargain settlement facility provider is able to match that order with an opposite sell or buy instruction, the matched bargain settlement facility provider will contact both parties and then effect the order. The contact details of any matched bargain settlement facility provider, if arranged, will be made available to Shareholders on the Company's website at 4. Reasons for proposed Capital Reorganisation, Re-registration and Capital Reduction The Company's authorised share capital currently is GBP10,000,000 comprising of 100,000,000 Ordinary Shares of 10p of which 7,329,372 Existing Ordinary Shares are in issue. The Company has approximately 180 Shareholders. Some 130 of these Shareholders hold approximately 6,000 of the Existing Ordinary Shares and represent less than 1% of the current issued share capital of the Company. The Directors consider that a more appropriate capital structure is therefore now required. The Capital Reorganisation will also offer an exit route for some of the minority Shareholders. Further, the proposed Capital Reorganisation and Re-registration will reduce the administrative burden of the Company and the Re-registration will make the Company easier to manage under the lighter regulatory regime for private companies introduced by the Act. The Directors are, therefore, proposing to effect the Capital Reorganisation and Re-registration, details of which are set out below. Summary of the Proposals The Board will be putting resolutions to effect the proposals as detailed below before the Shareholders at the General Meeting, to be held on Thursday 28 May 2009. The Resolutions provide for:- i) the authority to allot 628 Existing Ordinary Shares free of statutory pre-emption provisions; ii) the consolidation of the Company's Existing Ordinary Shares into New Ordinary Shares; iii) consequential amendments to the Memorandum of Association and Articles of Association and approval of the Transfer Placing Agreement; iv) cancellation of the Shares from admission to trading on AIM; v) re-registration as a private limited company; vi) authorisation of actual or potential conflicts; and vii) the approval of the use by the Company of electronic communications as permitted by the Act. The Resolutions are set out in full in the Notice of General Meeting. The Shareholders should note that, if the Re-registration Resolution becomes effective, they will continue to receive the protections afforded by the City Code on Takeovers and Mergers for so long as the Company falls within section 3(a)(ii) A-D of the City Code on Takeovers and Mergers. The City Code will continue to apply to the Company for a period of 10 years commencing from the day on which the admission of its shares on AIM is cancelled. Details of Proposed Capital Reorganisation The Directors are proposing to consolidate the Existing Ordinary Shares on the basis of 1 New Ordinary Share for every 1,000 Existing Ordinary Shares held, creating New Ordinary Shares of GBP100 each. To effect the consolidation, it will be necessary to issue and allot 628 additional Ordinary Shares so that the Company's issued share capital is exactly divisible by 1,000. Conditional upon and subject to the passing of the Resolutions specified above, the Company will issue the 628 Ordinary Shares for cash at an issue price of 10p per Existing Ordinary Share to Peter Elliott-Hughes (who will receive 297 Ordinary Shares), Robert Jervis (who will receive 275 Ordinary Shares) and Alan Rumford (who will receive 56 Ordinary Shares), being the 3 members of the concert party ("Concert Party"). The issue price of 10p per Existing share is 2.87p higher than the last traded price of 7.13p on 13 January 2009. Accordingly, immediately prior to the consolidation the Company's issued ordinary share capital will comprise 7,330,000 Ordinary Shares. The Directors estimate that the number of Shareholders following the Capital Reorganisation becoming effective would reduce by approximately 72 per cent to approximately 56 Shareholders. Other than the change in the nominal value, the New Ordinary Shares arising on completion of the Capital Reorganisation will have the same rights as the Existing Ordinary Shares including, without limitation, the same voting, dividend and other rights. The consolidation of the Company's shares would be effected by Resolution 3 on the Notice of the General Meeting. Resolution 3 is conditional on Resolutions 1 and 2 also being passed as they are necessary to ensure that the Company's issued share capital is exactly divisible by 1000. Resolution 4 is part of the Directors' proposal for dealing with the fractional entitlements arising from the consolidation. A consequence of the terms of the Capital Reorganisation is that holders of fewer than 1,000 Existing Ordinary Shares will not be entitled to receive a New Ordinary Share and holders of more than 1,000 Existing Ordinary Shares will only be entitled to one New Ordinary Share for every 1,000 Existing Ordinary Shares they hold at the Record Date. They will not be entitled to receive New Ordinary Shares in respect of their Fractional Entitlements. Further information about the treatment of Fractional Entitlements is set out below.
Well this is going private by the looks of things; probably a reasonable move as with lower costs and a balance sheet restructuring then dividends could be on the agenda. Not really tempted at selling for less than 7p a share.
Sorry for pointing the obvious but NBA Quantum is a very small and thinly traded micro cap so expect wild price swings as the norm. IMHO still very undervalued. regards
Not really - a small acquisition. Undervalued at this price, but then again most companies are!
ah there is life here - have not had a chance to go through them (Results) yet - any surprises?
swiss paul
Results ok, all things considered.
nice 25k buy today - sems to have shifted it slightly
swiss paul
what's going on here? There should be some RNS to explain this melting in share price!
This one's better
Results and outlook seem ok, albeit not turning the world on fire!
NBA Quantum PLC 27 March 2008 NBA Quantum PLC (the 'Group') Interim Results for the six months to 31 December 2007 NBA Quantum PLC, the specialist Management Consultant to the construction and engineering, petrochemical, marine and associated industries announces its interim results for the six months ended the 31 December 2007. Financial Highlights The profit before tax has remained steady at £67,311 on a turnover of £1,441,452. The earnings per share is 0.86p (2006:0.86p). Review of Operations In my Chairman's Statement with the Annual Accounts in 2007, I referred to the measures introduced in the financial year 2006/07 to improve the Group's performance. These interim results show that these changes have now been consolidated and I am pleased to say that we are seeing a more consistent performance as a result. Quantum International Consulting Limited and Taylor Rumford Consulting Limited As the integration of the Taylor Rumford acquisition continues, we are now seeing the benefits this is bringing to the Group. Further savings have been achieved through the closure of the Chichester office, the centralising of the Accounts and Administration functions and we continue to seek ways of reducing overhead costs. Having acquired Taylor Rumford, the Board is now looking to add to the Group's turnover and range of services offered by seeking further small scale acquisitions. On 19 March 2008 we announced the acquisition of the goodwill of Technisolve Limited, a management consultancy services business, specialising in claims development and dispute resolution to the construction and engineering sectors. I hope to be able to report further progress on these issues at the year end. We continue to add to the strength of the Management team and I am delighted to be able to announce the appointment of Jon Coates as Operations Director for the UK and Europe. Jon has a wealth of relevant experience and new contacts to bring to our business and I am sure that Jon will make a significant contribution to our UK Management team. Quantum International Consulting Pty. Ltd and Lucid Edge Pty. Ltd The performance of the Australian operation has remained steady in the first six months of the year, particularly in the multi-media sector, and we are now seeing improvements in the Far East market which we hope to benefit from in the next six months. Quantum International Consulting Qatar The new self-management team in Qatar and Dubai has continued to develop the business in the Middle East generally and the increase in turnover has been most satisfactory. Opportunities in the region are exciting and I have every confidence that we will be able to report s continued growth in the second half of the year. Bionic Productions Limited The slow down in the PFI market continued to reflect in the downturn of work for Bionic Productions Limited but the cost saving measures introduced by the Board during the last six trading months have now been effective in eliminating any further significant losses. DMS International Inc. Following the completion of the disposal of DMS International Inc., the Management continues to review its operational options for future years in the USA. Summary The first half of the year has seen a continuation of profit levels as the benefits flow from actions taken by management. We intend to continue with measures to improve profitability and expect work in Europe, the Middle East and Far East to add to these successes. We are confident that we will be able to continue making progress with the new management structures and procedures and expect to see the full effects of these changes in the near future. We currently have an exciting portfolio of new work in the UK, Europe, the Middle East and Far East and look forward with confidence to further developments in each of these areas. Bob Jervis Chairman
Yes this company appears to be worth substantially more than the current share price.
Anyone watching? Results were quite good actually. P&L is messy with disposals, restructuring etc. Continuing business appeared to make £150k PBT. The share price is currently trading at NAV (excluding goodwill) which appears a tad low. Not really tempted to buy any more myself, but does look encouraging now.
No,just a false alarm! regards
Signs of life?
A paltry sale of two lots of 1k shares(that's the NMS) worth £250 each and the price is collapsing. I wish this Share were on SETSmm regards
I'm amazed how much very small trades are shifting the price regards
Wow it actually traded!Probably first time in a couple of weeks-a sale of 1k shares at 30p regards
Back down to 30/33p after the buying following Investors Chronicle article but noticeably no follow through!-are the MM going to test the downside and what will shareholders reaction be?Have to declare that I'm interested in buying NAQ but somewhere around low 20s. I think I have a chance of buying at that level regards
Chat Pages: 6  5  4  3  2  1
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