Share Name Share Symbol Market Type Share ISIN Share Description
Ovoca Gold LSE:OVG London Ordinary Share IE00B4XVDC01 EUR0.125
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 8.125p 7.75p 8.50p 8.125p 8.125p 8.125p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.8 -1.0 - 7.10

Ovoca Gold Share Discussion Threads

Showing 12926 to 12948 of 12950 messages
Chat Pages: 518  517  516  515  514  513  512  511  510  509  508  507  Older
DateSubjectAuthorDiscuss
13/10/2017
10:08
I had a trip to Malaysia some years ago the attraction of cheaper living did not make up for the heat and humidity though. You must be used to the heat by now though.
fenners66
13/10/2017
09:27
Yes can you believe I have been here nearly 10 years now? Will be leaving in about 18 months though to go to Asia downsizing the living expenses bill lols ;)
mbthedude
03/10/2017
22:42
Good day dude Stock market continues to help - though not everyone as we can see above - are you still in warmer climbs?
fenners66
03/10/2017
17:49
Good to see you with the bit between your teeth fenners, hope life is treating you well. I look back on the pre Goltsovoye days with a smile so much promise then and it all turned to Shoite. Let Oli12 find out for themselves how it works eventually it will sink in. Given up on most of the stock market these days just hold some large PM companies that pay me a dividend and actually pull stuff out of the ground. Sector may come good eventually. Crypto space is far more fun now Bitcoin has been very kind Dudey
mbthedude
23/9/2017
10:50
Now the 3 Dirctors hold more than 50% and are acting in concert then I cannot understand why they have not been obliged to make an offer to the remaining share holders of the company. To my knowledge the company has never issued any waiver nor explanation as to why the cumulative holdings of the board members should be not oblige them to make an offer to the remaining shareholders of the company. Ovoca is subject to the Irish Takeover Panel Act 1997, Takeover Rules, 2013 ("Takeover Rules") hxxp://irishtakeoverpanel.ie/wp-content/uploads/2014/01/ITP-Takeover-Rules.pdf
oli12
22/9/2017
20:35
"it no longer has a notifiable interest in the Company's issued ordinary share capital. ENDS Enquiries: Ovoca Gold Plc Kirill Golovanov, CEO " because he knew exactly what was going on......
fenners66
22/9/2017
17:55
Well that was a short lived, Rath Dhu Limited have departed already. No doubt their sole purpose was to purchase the shares from Damille Investments for Mr Golovanov. One wonders whether Damille were not keen to sell to him directly, he never really delivered much for them despite them pressing for funds to be returned shareholders. 4 RNS for OVOCA in September, that's more than the rest of the year combined!!!
oli12
21/9/2017
16:51
By my calculations Kirill Golovanov now owns 23.9% of the company and along with holdings of Leonid Skoptsov & Yuri Radchenko the directors have 52.4% of the shares here. Will they make a move to take this private with a low offer. At 15p it would cost them £6m to buy the shares they don't own and in return they get €21.4m of cash and equivalents along with the mining licences held. If a favourable outcome to the Taymura court case could lead to more cash as well (several million $). According to the annual report from June ; Euroclear Nominees Limited BBHISL Nominees (HSBC) Citibank Nominees (Ireland) Davy Crest Nominees Redmayne (Nominees) Limited Chase Nominees owned 51.47% of the stock here so some one has sold.... Damille Investments also had a 5% holding that was sold in the last few weeks...not sure how Rath Dhu Limited acquired their shares either. Management must have enough shares directly or indirectly to take this private. Their can't be many PIs left.
oli12
21/9/2017
15:09
Look at the trades - 2 of them at 3,250,000 One priced at 8.2 one priced at 8.5 we know what that was. Is it the same trade through an MM with a 0.3p turn for him? Where did they come from? Another transaction from one of the nominee companies as his last slug? In which case again it may have been just a housekeeping (type) exercise. This guy was the company secretary before taking over the shares - does make me wonder what leverage he had in order to acquire his stake in the first place.
fenners66
21/9/2017
12:15
No comments on CEO buying yesterday at 8.5p thoughts? Is he ensuring total control OR preparing to take this over? AGM is in November....something brewing could be good....could be bad. About time shareholders saw some value here. (I expect a cheap take out for 12p by management giving them the cash for nothing)
oli12
19/9/2017
06:37
Thanks Fenners I appreciate your posts and assessment based on your experience here - it is something to consider. Investors in OVG cannot say they were not adequately warned about the numerous risks here. Please keep posting where you see fit. Some might be surprised when the AGM arrives here.
oli12
18/9/2017
20:52
The history for me is that years back we the followers of another board had a get together that included a presentation from Ovoca directors. We felt they had given us a special insight as to their company back then. It is hard not to take an interest after that. Once you get to know a company it is easy to read between the lines - having done that 9 years (9!!!) ago and not been proved wrong yet I don't mind adding to this boards understanding. By way of example I was looking at Laura Ashley at around 20p - someone on that board advised the MD had control - avoid. A little research turned up that he decided to spend ALL the cash on a building in Singapore - they do about 10% of their business in the far east. It did not seem altogether logical and now the shares have no dividend and are trading at 8p - needless to say I did not buy - parallels? I have that person to thank.
fenners66
18/9/2017
19:33
Let's see on that one, I struggle to see how the 3 directors cannot be classified as a concert party and should be treated as such by the market. I am sure they have had advice on this point though. If they were deemed to be a concert party they would need to make and offer to the remaining holders. Something could be brewing (news) given the delayed AGM - if they sort the Taymura mess out, that will represent a successful year here! (granted the bar has been set low based on previous years achievements) The AVOID for the company is understandable to a degree, however I am still to fully understand the reasons for the extensive efforts made by some posters to just re hash old news and rubbish this company at every opportunity - AIM is full of companies like this maybe Ovoca don't hide it as well as the others.
oli12
18/9/2017
15:03
So Oli are you going to look into the Company's Act (2006?) and find a clause to debar 49% (+?) shareholders from voting ? It could be worth your while.... Every chance though there is no such clause to stop them, which is why the stock market has continued to mark these down despite the inconsistency between valuation and assets.
fenners66
18/9/2017
13:45
Fenner66. It hit the equivalent of 550 pence in 1987.
fiachra
18/9/2017
13:43
Three Russian Oligarchs are not going to fall out.
fiachra
18/9/2017
12:53
The directors have a vested interest in any vote to wind up the company and give funds back to the shareholders. They want to protect their jobs, large salaries and given their apparent previous ability to sell the company their own assets for personal gain I believe they should not be allowed to influence any vote. They act as a concert party and should be treated as such, one wonders why they have not been obliged to make an offer to buy the remaining share capital of the company given their joint holdings amount to nearly 50%. On the positive these types always fall out in the end.
oli12
18/9/2017
09:44
"Not for widows and orphans" this share. But with the Net Assets worth more than the market cap , to the uninitiated it looks a no-brainer, free money. There are 000's of analysts working in the city who can line up net assets vs market cap and they have not been motivated to buy the shares - they and now you, know why, I have explained above. But every so often another novice will come along and not know why - so they can take a look at this board and find out. I believe these boards have been a genuine help to me with both good and bad info about potential investments and I see every reason to give back info in return.
fenners66
18/9/2017
08:40
"IMO they should be excluded due to their conflict." So everyone that would be voting to give themselves money would not also have a conflict of interest? Conflict with what the directors' may deem in the best interest of the company.... If this got enough support for the motion to reach the AGM it would sort this out once and for all. A vote against by the majority would lay it to rest; but then would that reduce all hope of a distribution and the share price with it. I do not think the Directors have a need for the remaining shares - they already used the methods I noted above to improve their % shareholdings - so then no reason for anyone to buy?
fenners66
18/9/2017
08:27
Apparently the AGM will be in November the date TBC - maybe the delay is because the company expects significant development by then on the return of the Taymura funds by way of litigation. I read on another blog the new shareholder might request a motion that funds are returned to shareholders - interesting as we will be able to see how the BoD vote on such an issue. IMO they should be excluded due to their conflict. Time will tell.
oli12
17/9/2017
10:02
I have been a shareholder since 1986.Fenner66 I am glad you have taken an interest as those companies you disparage usually get a run--from a low base. Although it will be hard to work your magic here.
fiachra
16/9/2017
07:07
WoW diligent work Fenners, I am somewhat surprised the trouble you have gone to despite not owning a single share. IF I were a board member or related party why would I post on here... as you have correctly stated they have control of OVOCA that has been apparent for some time, they nor their associates need to post on here. For the record though I have no connection to the company, its management in any way what so ever. Why do you despise this share so much? Fenners are you Tim McCutcheon?
oli12
15/9/2017
22:21
I bet you are bored by now so if you really are not connected and you didn't read the accounts ..... I bet you a Mars bar you never get a dividend
fenners66
Chat Pages: 518  517  516  515  514  513  512  511  510  509  508  507  Older
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