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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| New World Oil | NEW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.06 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.06 |
| Top Posts |
|---|
Posted at 13/8/2017 21:22 by hedgehog 100 I don't think that Adam Reynolds is a quitter, and I'm sure that he is committed to eventually returning NEW to the market as a RTO.His HubCo shell was delisted from ISDX, and has since relisted (on AIM) as BST. From BST's admission document of 30th. November 2016: "PART I LETTER FROM THE CHAIRMAN HubCo Investments plc (Incorporated in England and Wales with registration number 07847321) Directors: Registered Office: Adam Reynolds (Chairman)* … 1. Introduction and background The Company was incorporated on 14 November 2011. On 31 January 2012, the Company’s Ordinary Shares were admitted to trading on ISDX as an investment vehicle with an investing strategy to acquire interests in small and medium sized private companies in the UK with strong management and significant growth opportunities, initially focused on the leisure and consumer services sectors. In August 2015, the Company announced that it had identified an acquisition in the healthcare sector, however, following due diligence the Directors were unable to recommend that this opportunity be pursued further. The Company was de-listed from ISDX in April 2016 due to its investing policy not being implemented in the required timeframe. The Directors have assessed Big Sofa as having significant potential to increase shareholder value. The Directors propose that, subject to Shareholders’ approval of the Resolutions, the Company will acquire the entire issued share capital of Big Sofa, which will have the effect of changing the status of the Company from an investing vehicle to an operating company, and the Enlarged Group will be admitted to trading on AIM. …" |
Posted at 10/11/2016 16:52 by snowman88 R Ball, - $2mill 'and the rest' I would imagine, plus all the other cronies clambering hand over fist for any spare dollars they could get their hands on one way or another.. paid ludicrous amounts of money to rip off investors right from the get-go. Good riddance New and any crooks that were still involved in it at the end.. |
Posted at 04/9/2016 08:46 by aggieuk No traditional means as in bank loans or private investors. I'm moderately ok with this as it is, but I'm just getting slightly uneasy over the amount of money pouring out and the close periods of time between such loans. They are burning it faster than we can loan it. I just can't wait to get the fundraising out the way and see what the market thinks of the deal. But I must say I was disappointed it wasn't biotech though. |
Posted at 09/5/2016 20:30 by hedgehog 100 09/05/2016 09:40 UKREG New World Oil & Gas Possible acquisition and suspension of trading" ... the Company is now pleased to announce that it has signed a non-binding letter of intent ("LOI") to acquire the entire issued share capital of Big Sofa Limited ("Big Sofa") for new shares in New World (the "Acquisition"). The Acquisition, if completed, would result in New World shareholders having around 45 per cent. of the enlarged group (the "Group") prior to the impact of any associated fund raising. ... It is also envisaged that the Group will seek to raise additional funds from both existing shareholders and new investors to finance the development of the Group going forward. ..." I also like the fact that NEW will have a nice big chunk of the enlarged equity: i.e. 45% (prior to the fundraising), not far short of the 49% maximum for a RTO. Big Sofa itself is being acquired for shares only rather than any cash element, so with NEW's existing resources, the fundraising shouldn't need to be too large. |
Posted at 29/4/2016 14:59 by andy Smart Investor,Yes I'll happily post anything here if I manage to glean anything. aggieuk, Yes it' entirely possible they could do that, (and I would think it is frowned upon, as it's not the way to do it IMO), but as long as the RNS is out at 07.00 am then it would be a level playing field. Let's see if that's what happens! I imagine their stand will be busy tomorrow. |
Posted at 29/4/2016 13:42 by smart_investor I wonder what Adam Reynolds will be saying this weekend at the Investor show? |
Posted at 24/4/2016 19:09 by smart_investor Buy 50 million shares and you pick up roughly 1% of the company. It is pretty easy to buy big chunks on the open market as we have seen recently with some bug buy trades. Most recent one to note was a buy of 26million shares bought on the open market in one go at a premium to the share price. That person is obviously confident and I can see why! Everyone wants Reynolds to find another Optibiotix which 10 to 20 bagged for investors depending when they bought their shares. Now imagine the value of that 1% in NEW/RTO COMPANY if Reynolds can work his magic here. |
Posted at 30/3/2016 18:05 by andy 6ste,It's not a "bit blind", it's pitch dark without a torch! Without knowing what you are investing in, it's nothing more than a pure gamble. Just because others are backing it does not make it good, it just means you have a group of gamblers as fellow "investors" (I use the word loosely). |
Posted at 12/6/2015 10:51 by willshareit Don't give up, open offer has not taken place yet. Lets all send a complaint to Mr. Xavier Rolet the Chief Executive Officer of the London Stock Exchange. If he just gets one complaint it will be ignored, but if he gets hundreds of complaints coming in on the same matter he might step in and take action.Any one know his email address? Any suggestions on anybody else to send a complaint to? Denzil Jenkins (Head of UK Compliance & Group Regulatory Policy) Suspended the NEW shares. Under AIM rules for companies, section 40, Maintenance of orderly markets, there are rules for precautionery Suspension. The exchange may suspend the trading of Aim securities where: "the protection of investors so requires; or the integrity and reputation of the market has been or may be impaired by dealings in those securities" Yet despite the intial open offer being rejected by share holders, Denzil Jenkins is going to allow a new and even bigger open offer to take place. The issue price of 0.09p represents a discount of approximately 65.38% to the middle market closing price on 18th May, the last day before suspension. Resulting in a possible fully diluted dilution to non-participating share holders of 86.1%. By allowing the open offer to go ahead Denzil Jenkins is not protecting investors at all but going against the aim regulation and destroying the integrity and reputation of the market. Denzil Jenkins was appointed to the role of Head of Compliance & Regulation on 22nd September, 2011. Look how many scandals have happened since then. Personal investors have had to resort to forming action groups due to the failure of the regulator to protect investors. Denzil Jenkins have effectively given the nomads a thumbs up to forward selling, encouraging a disorderly market and should be fired! |
Posted at 15/5/2015 21:43 by johndee HOPE YOU DID NOT MEAN THIS:-A carbon credit is a certificate or permit which represents the right to emit one tonne of carbon dioxide (CO2) and they can be traded for money. However, many investors have told us they are not able to sell or trade the carbon credits they have bought. None of these investors reported making a profit. This supports our view that there is not a viable secondary market for ordinary investors to sell or trade carbon credits, despite claims and promises made by many firms, advisers and brokers promoting and selling them as an investment. We have also received reports that an increasing number of firms are using dubious, high-pressure sales tactics to sell carbon credits to investors. How it works Investors are usually called out of the blue by salespeople promoting carbon credits, but contact can also come by email, post, word of mouth or at a seminar or exhibition. You may be offered carbon credit certificates, voluntary emission reductions (VERs), certified emission reductions (CERs) or an opportunity to invest directly in a ’green‘ scheme or project that generates carbon credits as a return on investment. Carbon credits and VERs certificates are often labelled as ’certifiedR The caller may claim carbon credits are ‘the new big thing’ in commodity trading, industries now have to off-set their emissions, the government is focusing on green developments or that it is a growing market. But we have seen that investors are not making any money as they cannot sell or trade their carbon credits. SOUNDS A VERY BAD SCAM. |
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