Proton Motor Power Systems Share Discussion Threads

[ny boy] 14/1/2022 12:51

Slow burner, will catch most out, those will sell but cry later this spring when the share price finally takes off..dyor as usual!

[cinoib] 13/1/2022 16:42

Thanks for that guys, but still await my finance to get a bit bigger so I can sell a little in order to buy here. MM's need to work on that spread a bit as well as is a bit off putting to traders. Me, o I do both, trade and hold.

[tenapen] 11/1/2022 19:25

Cheers Skinny,

From the PM web site -

[ny boy] 04/1/2022 15:29

Onwards & upwards, not long before the much anticipated breakout, a few temporary set backs but bang on course to breakout this quarter, hold for nice rewards imo

[zingaro] 04/1/2022 13:07

seems to arrived on LSE @ 12:00 a day later

[juju44] 03/1/2022 19:17

Nice lift on Tradegate today .

[tenapen] 30/12/2021 18:45

Poor chung the troll - wee boy has come looking for me as I may have upset it. Hahaha

[skinny] 30/12/2021 12:58

Advfn chart now corrected in the header.

[juju44] 30/12/2021 12:54

Mine have not arrived in II

[maxme67] 30/12/2021 12:31

Anyone else have shares on IG and still not got the x2?

[juju44] 30/12/2021 11:55

I thought this would be a good move but I didnt think it would be as good so quickly . Sweet

[maxplus2] 30/12/2021 11:50

I suggest you read the RNS

[aja2] 30/12/2021 11:45

It got noticed as it would have come up on one of, if not the highest fallers of the day on opening.

[zingaro] 30/12/2021 11:44

shows what a t?t you are - the shares have split 2:1, so you have 2* 20p for your 1 share of yesterday

[skinny] 30/12/2021 10:31

I've just noticed that this thread as of 10:30 am, has had the most unique daily visits (56) since inception - so hopefully more interest from investors.

[skinny] 30/12/2021 10:29

Yes - but wouldn't it have to be in some shape or form anyway?

From the RNS :-

"The principal amounts of the Debt Facilities are not convertible and are repayable on 31 December 2025. SFN and Falih Nahab currently have the right to convert interest accrued up to 30 June 2020 on the Debt Facilities, comprising approximately GBP15.7 million, at 2 pence per Ordinary Share into 786,218,749 new Ordinary Shares, representing 102% of the existing issued ordinary share capital of the Company. Pursuant to the Agreement and subject to the approval of the Subdivision by shareholders in a general meeting, these conversion rights will be waived and the interest accrued of approximately GBP15.7 million, together with interest accrued and accruing since 1 July 2020, will be rolled up and repaid on 31 December 2025".

[aja2] 30/12/2021 10:26

Indeed, but as I understand it the GBP15.7 million will still have to be repaid in 2025.

[skinny] 30/12/2021 10:26

It certainly 'cleans things up' for transparency.

[davidlloyd] 30/12/2021 10:16

HL ahead of the rest it seems. II just saying no shares and 100% loss :-/
DL

[horneblower] 30/12/2021 10:14

They're not splitting the company.

They have rearranged the shareholding so as to get rid of the confusing restrictions caused by the current debt facility and interest owed, with its associated convertible shares.

SFN and Mr Falih Nahab are the Company's two largest shareholders and providers of finance to the Company.

As at 30 November 2021, the aggregate principal debt and accrued interest under the Debt Facilities amounted to EUR93.5 million.

The growing accumulated debt interest was repayable via convertible share options. If triggered, this would have tipped the combined shareholding of the lenders to over 30%, actuating a takeover by AIM rules.

The brothers probably did not want this as, I imagine, they could not afford it or simply wanted to keep the quoted status.

They have "generously" forgone all their convertible shares ... basically writing off the debt interest payable to them.

The doubling of the shares via a one-for-one was not absolutely necessary to achieve this but improves liquidity and profile.

This manoeuvre clears the decks for institutions to now get involved, who were previously distrustful of the growing convertible debt interest.

My feeling is that the brothers' medium term target for the shareprice is 100p - 200p. This will amply reward them for the "generous" gesture of foregoing all their convertible shares.

Well done, Allenby. Shares are a buy imo.

[skinny] 30/12/2021 09:30

The reasoning is outlined in this .

It does look like some easy money could have been made!

[cinoib] 30/12/2021 09:24

Skinny, what's the idea of splitting the company in 2. Do they think they will do better with 2 separate division or what. I wouldn't have thought the company was big enough yet to be splitting bits of.