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| Share Name | Share Symbol | Market | Stock Type |
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| OEM | OEM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 20.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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| 20.00 | 20.00 |
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Posted at 23/3/2006 21:37 by daveperry WatchoutSmall Talk: Cash shell minnows to be squeezed out of AIM By Michael Jivkov Published: 06 March 2006 Up to fifty companies listed on London's junior market face having their shares suspended at the end of the month. By the 1 April deadline, all remaining AIM-listed cash shells with less than £3m in the bank must complete an acquisition. Otherwise trading of their shares will be halted and, at a later date, de-listed. The London Stock Exchange, which runs AIM, decided last March that it wanted to stem the steady stream of tiny shell company floats on the junior market by giving them only a small window in which to make an acquisition. Of the fifty remaining shells - most of which have less than £1m on their balance sheet - a good number are likely to be working on deals ahead of the cut-off point. If they can demonstrate to the Exchange that they are in the middle of a deal they will avoid suspension. But those companies that have left it too late to comply with the rules face an uphill struggle. As the deadline approaches the value of their shares is likely to decline. Further, any target company they are in talks to buy will be aware of the looming deadline and will certainly push for a better deal for its own shareholders. The biggest risk of all for cash shell investors is that their boards rush into an acquisition that they subsequently regret, wiping out shareholder value in the process. Article Length: 861 words (approx.) |
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