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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Optare | LSE:OPE | London | Ordinary Share | GB00B2PGSY66 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.035 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.035 | GBX |
Optare (OPE) Share Charts1 Year Optare Chart |
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1 Month Optare Chart |
Intraday Optare Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 06/9/2024 | 16:54 | Optare - maker of buses | 5,533 |
| 24/7/2012 | 20:54 | Optare Plc - | 79 |
| 19/7/2012 | 16:38 | Optare- Leading the way in Bus Manufacturing. | 10 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 09/10/2018 17:40 by shez83 Hi,I'm another holder suffering from the events of 2012 (well I call it that as that was the beginning of the end for me) I hold c.800k shares, not a lot but was £5.2k worth at the time. Only check on it from time to time, basically a dead duck but if we could get something back then that would be a bonus. Anyway just chucking my name in the hat so you know there's someone else out there if we are going to do anything, so please keep me informed otherwise maybe one day the OPE dream will be realised! Cheers |
Posted at 08/6/2018 10:50 by reximill Hi Superhoop and tinshill.We previously had 2bn shares in issue, Ashok diluted and issued a further approx 60bn shares to themselves at 0.1p in exchange for paying off Optares debt. This is a massive dilution and therefore makes the shares very difficult to be worth much more than 0.1p as there are so many in issue. The market cap at 0.1p will be about £65m. Even though Optare are doing quite well compared to before (my guess, seeing the recent order wins and more cities interested in electric buses around the world) the 3000% dilution will have squeezed out everyone elses share of any profit a huge margin. That is why I just want out, I can't see the share price going up much from here. In my opinion, Ashok did this on purpose as they knew the shares would be worth far more had they not diluted, as Optare turned a corner and future demand for their product will be huge. They could have ended up paying us 1p each share for example, now they will either 1) leave us hanging for years on end, 2) offer us something like 0.12p and explain how this values the company fairly at £80m or whatever. They know most shareholders can't be bothered to do anything about it and won't stand up to them. And they are right. There are 3 or 4 people that talk on this forum and likely most others have forgotten about their shares. I have personally complained a few times and asked for a resolution but have been fobbed off. If 10 other shareholders did the same thing, it would probably help and cause them to make us an offer. |
Posted at 31/5/2018 20:14 by reximill I think it might help if everyone contacts Ashok Leyland and Optare by email or phone and asks to be bought out. They own over 99% of the shares now.As far as I understand, Ashok have recently paid down all of Optares debt in exchange for around 60 billion shares at 0.1p. There must be around 500-600 million shares left that are not in Ashok's hands. It would cost them a mere £500k to offer everyone 0.1p a share. They have paid down £millions for the debts. Why leave the shareholders hanging like this for years? The annual report and agm should be around September. We should all get on to them to let us know what exactly their plan is and if they can't make an offer now, they can put something in the yearly report released then to let us know what their intention is. I personally think the shares should be worth 0.1-0.3p each. You can put them on 'assetmatch' but they are very unlikely to trade as not many people want to buy unlisted shares unless they are at a huge discount to value. Optare ironically are likely doing very well as more countries buy larger quantities of electric buses and will do so in the future. I would be happy just to get my money now though as i doubt this will ever come back to AIM with ashok owning 99%. Also they have diluted so many shares that the value will not move much beyond a certain price e.g. 0.2p = £130 million market cap, 0.3p = £195 million market cap. If they didnt dilute recently, the shares would have had huge potential as the electric bus market expands rapidly over the next 20 years. (I expect that is why they got in there to do a d/e so quickly) Ashok should bid us all 0.3p (or 1.5 million quid for them) and be done with it and get the full 100% imo. I'd be happy to hear others feelings on this. |
Posted at 17/5/2018 07:59 by superhoop2 reximill,They'll surely want to tie the matter up and own the whole company ... only hope they can't offer a 'take it or leave it' derisory sum. Be very interesting if any are sold in the auction and at what price ... |
Posted at 29/4/2018 14:38 by reximill Hi Superhoop - Optare going incredibly well and will be huge as more countries start using electric buses. It does look like the company could see this was the turning point and diluted everyone by 3000%. Now a bunch of private shareholders are left hanging for potentially years with the remaining 1% of shares, which unfortunately will not move much in value as the dilution was so extreme. What can we do? I'd like to just get some money back and forget about this ghastly company. Now there are 60 billion shares in issue (from 2billion), the price is simply not going to move that much for us. |
Posted at 08/1/2018 14:35 by superhoop2 reximill,I'm holding on to mine but am fascinated at what price they are going for and if anyone is buying or selling. Also, be interesting how Optare have performed as their results are due soon ... |
Posted at 28/11/2017 15:09 by superhoop2 mdkahamedDo let us know how you get on ... ie what price they want or what you managed to sell them for so we know an approx price ... Good Luck! |
Posted at 28/11/2017 14:55 by tinshill9 HiyaAll shares are offered for sale by Capita email them at 'mbs@capitadeal.com' Subject: OPTARE SHARES 10224/423 Capita Asset Services Subject: Dear sirs I have an investor code of (put your code in) and a share certificate for (put qty of shares in) Optare shares. I am interested in using your service to sell these shares off market. Kindly send me the appropriate information and forms. Kind regards (put name and postal address here) They should send you the documents with how to sell your shares on the unregulated market Cheers John T |
Posted at 17/11/2017 15:26 by reximill The problem is there were 2bn shares in issue, now there are around 67bn.Shareholders have been 'squeezed out'. The market cap at 0.1p is now £67m. Even if it gets to £130m, we will only get 0.2p. If the company was worth £130m, we would have likely got something closer to 3p per share if they hadn't done this. I'd guess the shares now are worth 0.11p or so. It would be nice just to get the money and forget about it. I'm suprised more shareholders are not upset about this.... |
Posted at 16/11/2017 23:35 by reximill I suspect you're right there.Would you have thought, they will buy us remaining 0.8% shareholders out at 0.1p or a little more? I think they can pretty much force it through now with a 'fair' price. I too am wondering why they keep it going and don't just pull the plug or buy us out. It has cost them 10's of millions to keep it going. I personally think there must have been a huge amount of value here and Optare were likely going to soon start making a lot of money. They had just won by far their biggest order and had other lines of business opening up all over the world. The remaining shares not in their hands are about 500m which at 0.1p is 500k. If they are going to pay off £60m of debt, why not give a little to shareholders and take it private? |
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