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ONWD Onward Opportunities Limited

113.50
-0.50 (-0.44%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Onward Opportunities Investors - ONWD

Onward Opportunities Investors - ONWD

Share Name Share Symbol Market Stock Type
Onward Opportunities Limited ONWD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.50 -0.44% 113.50 11:12:24
Open Price Low Price High Price Close Price Previous Close
114.00 113.50 114.00 113.50 114.00
more quote information »
Industry Sector
PHARMACEUTICALS & BIOTECHNOLOGY

Top Investor Posts

Top Posts
Posted at 20/4/2023 14:11 by hedgehog 100
Megasteel, which is currently arranging a RTO into TMOR, also looks to fit ONWD's criteria well:-

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.""
Posted at 06/4/2023 13:07 by hedgehog 100
Current share price 6th. April 2023: 105p
12,750,010 shares in issue
Market capitalisation: £13.3875M.


"An Investment Company managed by a team with c.160 years combined experience, targeting a structural market opportunity in smaller companies within the UK"



30/03/2023 07:00 UK Regulatory (RNS & others) Onward Opportunities Limited Admission to AIM and First Day of Dealings LSE:ONWD Onward Opportunities Limited

"First Day of Dealings on AIM

Newly launched investment company with UK smaller company focus

Onward Opportunities Limited, the newly incorporated Guernsey incorporated non-cellular (closed-ended) investing company, is delighted to announce the admission of its entire issued ordinary share capital to trading on AIM, a market operated by the London Stock Exchange plc ("Admission").

Admission will take place, and dealings in the Company's ordinary shares of no par value ("Ordinary Shares") will commence, at 8.00 a.m. today under the ticker 'ONWD' .

Key Highlights:

-- The Company's investment objective is to seek to generate risk-adjusted absolute returns to shareholders through investments in UK smaller companies. Returns are expected to be principally derived from capital growth over a target three to five-year holding period with an appropriate diversification of investment risk.

-- Dowgate Wealth Limited will provide portfolio management services to the Company, with the investment team led by Investment Director Laurence Hulse (the "Portfolio Manager").

-- The Board and the Portfolio Manager therefore believe that a structural market opportunity exists in the UK smaller companies sector which can be exploited through the deep industry experience of the Portfolio Manager. The Board and the Portfolio Manager consider that implementing an active investment approach to investment identification and position management can lead to increased returns by targeting these inefficiencies.

-- Dowgate Wealth is an employee-owned, private company founded in 2020 by former Hargreave Hale colleagues. As at 30 January 2023, Dowgate Wealth has assets under administration in excess of GBP495 million.

-- In connection with Admission, the Company has conditionally raised Gross Proceeds of c.GBP12.8 million of initial capital pursuant to the Placing at a price of 100 pence per Placing Share. Net Proceeds are intended to be invested in accordance with the Company's investing policy.

-- The ISIN of the Ordinary Shares will be GGOOBMZR1514, the SEDOL of the Ordinary Shares BMZR151 and the Company's LEI number 2138000P1Q2B3E09LE92.

Cenkos Securities plc ("Cenkos") is acting as Nominated Adviser, joint broker and joint bookrunner to the Company. Dowgate Capital Limited ("Dowgate Capital") is acting as joint broker and joint bookrunner to the Company.

All capitalised terms used in this announcement and not otherwise defined shall have the meanings given to them in the Company's admission document dated 23 March 2023. The Company's admission document is available for viewing at www.onwardopportunities.co.uk .

Laurence Hulse, Investment Director of Dowgate Wealth, commented :

" We are pulling together for clients, the three core ingredients to make money; a clear market opportunity, a bespoke strategy to capture it and the people required to execute the plan. This launch puts in place the foundations to grow an investment company that can actively engage with UK smaller companies we identify value in. I would like to extend my thanks to our seed investors and the whole team for providing this fantastic onward opportunity to build upon. "

Andrew Henton, Chairman of the Board, Onward Opportunities Limited added :

" We believe that a structural market gap in the market exists within UK smaller companies which can be exploited through the deep industry experience of the investment team. We recognise that implementing an active approach to identifying these companies, and engaging with them, can support the SMEs that are the driving wheels of enterprise in the UK and lead to increased returns by targeting these inefficiencies. "

Mark Chadwick, Chief Executive Officer, Dowgate Wealth added :

" Dowgate Wealth is excited to be launching our first investment company, which sits right at home amongst the team's small cap investing heritage. The market volatility of 2022 has created a statistically interesting time to deploy capital into robust, well-researched investment ideas in the UK. We are confident that Onward Opportunities will prove to be a popular proposition for investors looking for an innovative product that can provide absolute returns. " .."

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