Optare Share Discussion Threads

[steve517499] 21/6/2018 01:12

For those of you still holding out .... Wonders will never cease ... Optare managed to sell 30 electric MetroDeckers to the London market .... Metroline

[steve517499] 08/6/2018 15:21

Reximill ... The amount of shares they own, they don't have to make you an offer, they just have to say we are buying the outstanding shares for X amount. If you don't like it tough!

[reximill] 08/6/2018 11:50

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.

[tinshill2000] 01/6/2018 11:10

Hi Rexmill

I agree with your comments and would be happy to pitch in with my 233,300 shares. Seems insignificant compared with others! But not to me.

[superhoop2] 01/6/2018 09:09

reximill,

Have you asked them to be bought out? If you take 0.1p, if offered, then I fear it will set a benchmark figure and I won't take it as they have clearly recovered as a company and to me 0.5p is more palatable. I shall drop them an email and ask what the situation is and report back.

[reximill] 31/5/2018 21:14

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.

[mdkahamed] 31/5/2018 13:37

I am holding 5 millions Optare shares. Is there any way to sell those shares.

[tinshill2000] 22/5/2018 10:10

I would be happy to receive an offer and then decide. Interesting to follow the debate.

[reximill] 19/5/2018 18:06

I'd have thought they would want to clean things up too and buy everyone out. But what are the rules if people refuse? - I doubt the shares are at all worth 0.5p as 4 people now are asking on the auction - they are wasting their time imo. Can Ashok not do a forced buyout of everyone? They have diluted from 2bn to 65bn shares overnight. I imagine there are only 500m shares left now. If they gave them all 0.1p, that would be just £500k for them to spend. I'd be happy with that and a bit more for the trouble just to get this off my book. It would be interesting how the other holders feel and if anyone knows the rules for this as I have not seen any situation like this before.

[superhoop2] 17/5/2018 08:59

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 ...

[reximill] 15/5/2018 16:41

Superhoop - Ashok own over 99% of Optare now. I doubt they will return on AIM because of this. There will be no liquidity to buy or sell. This is why i'm annoyed the shareholders will be left hanging unless ashok buy the remaining shares.
The 3m for sale by 4 sellers at 0.5 seems silly. Ashok have diluted so much at 0.1p, the value will stay around the 0.1p area. Shareholders should put pressure on Ashok to buy them out. 0.5p with 60bn shares in issue would value optare at 300m which right now would be very unlikely. They are wasting their time offering them for that imo. Ashok should just offer 0.2p or so for goodwill and let everyone out. It would only be around £1.2m for them.

[superhoop2] 29/4/2018 19:44

rex,

I see on Assetmatch that shares are on offer for 0.50p ... be interesting if they get snapped up. Still hoping they return to AIM as they will be more popular now as they appear to have turned the company around.

[reximill] 29/4/2018 15:38

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.

[superhoop2] 26/4/2018 07:10

Optare going very well recently adding large order now from Dubai for £18m shortly after the bigger (£21m)order from New Zealand. Also own over 99% of shares remaining.

[steve517499] 08/2/2018 14:04

Hi superhoop2 ... I wondered that to ... always a fair and reasonable guy

[tinshill2000] 17/1/2018 16:57

Anyone know what happened to chat pages 223? They were there yesterday!

[superhoop2] 14/1/2018 22:07

What ever happened to M.T. Glass, anyone know?

[superhoop2] 08/1/2018 14:35

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 ...

[reximill] 08/1/2018 12:22

I see there will be an auction to buy or sell Optare shares on Feb 28th 4pm.

Will anyone be particapating or signing up?

It looks like the auctions will be held quarterly.

Does anyone want to sell or buy Optare shares?

[superhoop2] 08/1/2018 09:27

For anyone wishes to buy/sell shares in Optare you need to register with www.assetmatch.com as Capita no longer offer the service.

[superhoop2] 05/12/2017 10:03

There are only approx 1.6% shares not in Optares hands and I should think that they would like 100% just to tidy things up. No doubt in my mind that they will soon post a profit and I would certainly hope that they come back to the market as they would surely attract investors this time around.

[reximill] 04/12/2017 18:50

If anyone does manage to sell their shares using capita, please could they let us know here as it seems there are a few sellers here. Any buyers though?

[superhoop2] 28/11/2017 15:09

mdkahamed

Do 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!

[tinshill9] 28/11/2017 14:55

Hiya

All shares are offered for sale by Capita

email them at '[e-mail]'
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

[mdkahamed] 28/11/2017 00:34

I really want to sell about five million share of Optare plc.
Please help me if anyone interested to buy or sell that shares.