Netscientific Share Discussion Threads

[philmar089] 01/3/2019 09:48

takeover bid? Or delisting?

[colin12345678] 01/3/2019 09:46

Delist meeting on Monday where 75% is needed by Woody to take the company private but someone brought 29.9% last week on the open market that puts pay to it lol

[philmar089] 01/3/2019 09:43

Why the rise

[skyship] 01/3/2019 09:35

8p bid. M.A. Lawson obviously knew full well what he was doing; far more so than Hambro Capital Management who bizarrely accepted 1p for their holding!

[babbler] 25/2/2019 11:57

settled now... fingers crossed.

[babbler] 25/2/2019 08:36

took some... currently spiked but most buyers are with that spread! Risky gamble on takeover or block of delisting.

[kaur70] 25/2/2019 08:23

One to watch

[p1nkfish] 22/2/2019 18:07

Possibly Melvin Lawson of CMG and Telecom Plus.
A guess.

[skyship] 22/2/2019 17:29

Interesting. MA Lawson (Who he?) buys another 20% to take him to just shy of the 30% level where he would have to make a takeover bid.

[skyship] 18/2/2019 17:35

Seems as though Hambro Capital Management sold out their stake at 1p; but interesting that they found a buyer.

I've added today...

[purple11] 18/2/2019 10:25

LOL Yasx eaten serious humble pie here


1p!


WHAT A PLONKA

[keyno] 18/2/2019 10:22

So the company benefits from the £3m and the shareholders get zilch. Seems fair to me.

[yasx] 16/2/2019 15:27

Tilton,

I think one cannot apply general principles to this - you see, I am of the view that this Co. and others in which Woodford has a significant stake in the tech/biotech/med space, almost invariably from what I have seen lose some 90% plus and then there is the intention to delist. If one looks back at the RNS announcements the past few months, it is perplexing as to why they would have so orchestrated affairs. You see, if they truly felt it was undervalued, but that commercialisation would later this year have generated revenues, they would at 30p have done a placing at say a 50% discount. But, they put out an announcement saying they were seeking bidders but almost shortly thereafter indicated no offers and a delisting was on the radar amongst other options. Then, they receive 3 mln and almost immediately they punctuate that announcement with the notice to delist.

It appears to me that the intention to delist was made some time ago and the rest is just smoke and mirrors. I rather doubt the majority holders have the interests of the minority holders at heart when they contemplated the same.

[skyship] 16/2/2019 14:46

No, accepted.

[tiltonboy] 16/2/2019 14:38

I didn't endorse a purchase of this, please note.

[skyship] 16/2/2019 13:20

Well, well, well.....there speaks a very knowledgeable poster.

Having dropped 3% of my SIPP in this I might as well risk another 0.3%!

[tiltonboy] 16/2/2019 07:48

Nothing wrong with holding delisted stock as long as you don't need liquidity.

I held Synarbor. Tried to pick up all available stock at around 3-5p. Get a message on the first day of my hols, informing me of a 32p cash bid.

I hold and have just added to Eurovestech on Asset Match.

Don't fear delisting and illiquidity unless you may need the cash.

[skyship] 16/2/2019 07:16

To provide some balance on delisted companies, I held Security Research Group, bought at 50p as an oversold play just before delisting in Jan'15. Trades were then possible through Asset Match (I think that was their name), before 2 yrs later the two subs were sold and shareholders paid out @ c67p.

So, with matched bargain dealings promised, at this level clearly not much point in selling. May well buy a few more.

[yasx] 15/2/2019 15:17

Timbo,

But, as you know, the terms are so constructed that it is perfectly forseeable that few if any of the minority holders would take them up - thus, they just get diluted.

I am not in Sphere so have not monitored it that intimately, but, the bottom line is that those who were buying in the days leading up to the delisting will not have been able to cash out at all a year or more later, less still being able to cash out at a profit. That tells you all you need to know.

[tomboyb] 15/2/2019 14:36

Timbo -

As a sidestep I did hold a stock that has a so called NAV around 18x delisting price -

What happened is that it refused to put out its FY results and with careful broker care it delisted silently -

Even with that sort of NAV absolutely nothing back -

So really with a delisting (unless the directors are completely honest) chances of getting anything back are pretty slim -

[letmepass] 15/2/2019 14:29

Haha tomboy you clueless idiot along with Dave

[timbo003] 15/2/2019 14:20

>>>>tomboyb, thanks I only have a small stake here, but will probably do more if the price gets low enough

>>>yasX

Yes, I know about Sphere (I am a shareholder), with NSCI there is certainly a risk of further dilution, but so far with Sphere, Woodford has been well behaved towards other shareholders and they have been offered the same terms for follow on investment in Sphere as the Woodford funds.

[yasx] 15/2/2019 14:11

Timbo

The problem with any Co. linked to Woodford and Co is that delisting means you inevitably get wiped out by carefully engineered dilution - see Sphere

The fact that this rose yesterday and they immediately went onto announce delisting suggests to me the plan is in place and likely has been for a while.

[tomboyb] 15/2/2019 13:10

Good luck timbo -

There is value here at these levels -

I have had companies delisted on me where the fundamentals were significantly higher than the prevailing share price at delisting -

Never got anything back -

But good luck with it -