Provexis Share Discussion Threads

[winner31] 17/10/2018 09:41

RP if Mr Lucas has any intention of bidding for Pxs it would make sense to buy at these prices without spooking the market, he clearly has seen the potential in this company or why would he spend over £400 k to buy a stake !

[redprince] 17/10/2018 08:46

winner31 - not sure what you mean? "keep buying to increase his stake up to .4p"????

Whilst this recent buyer is encouraging it is worth keeping in mind that Mr Lucas is entering at a fraction of most holders average price in my opinion.His buys have to be seen in that context.

[winner31] 17/10/2018 07:30

Seems to me that if mr Lucas spent so much on his stake at .4p it’s obvious that he could keep buying to increase his stake up to .4p ,he only has to declare holding at each % point he increases.

[redprince] 16/10/2018 07:17

There is plenty of evidence that a fair % of this co is in relatively few hands - only y'day we had someone on the red board claiming to own 50+ million.It should be pointed out that some of these holders are sitting on much lower averages than many lifers here so it is all relative.
Makes me wonder if it came down to it what price any t/o would need to be pitched at to have any chance of getting the 75% approval necessary to pass it?

Personally I hope we have no such offer until we can determine what the Chinese deal is worth to our coffers.It would be meaningless to even consider anything in advance of that as you would have no information upon which to make a decision.

With a considerable portion of the co in fairly astute hands I think/hope that that strengthens the case for thwarting any premature offer.

[senor_sensible] 16/10/2018 06:56

yes, suspected it was him.

[redprince] 16/10/2018 06:46

SS - good morning.I see our recent buyer has now passed the 5% threshold!

[lafin] 16/10/2018 06:29

RNS
New major investor now has 5.16%.

[lafin] 12/10/2018 15:24

"GOOD TO KNOW"

On 10 Oct '18 - 09:42 - 1859 of 1871
I typed
"Good to know that no one supported redprince in his AGM fiasco idea."

On 12 Oct '18 -12:13 -1871 of 1871
redprince types
"SS - thank you.Good to know."

[redprince] 12/10/2018 11:13

SS - thank you.Good to know.

[senor_sensible] 12/10/2018 10:24

if he has the 8.5 mil that will take him to 5.17%

[senor_sensible] 12/10/2018 10:21

5% is next threshold

[lafin] 12/10/2018 09:33

Well try looking it up.

[redprince] 12/10/2018 09:29

SS - I had also thought of that.If it is he does not have to declare further purchases though?I am not sure what the rules are??

[senor_sensible] 12/10/2018 09:26

RP, 8.5mil buy might be our latest named investor, we'll find out in next few days if it is

[redprince] 12/10/2018 08:37

SS - thanks for clarifying - I had wondered if that was yourself!
Price on the up a little now.
Plenty bargains to be had and I suspect plenty more to come if the market goes where I think it is likely to in the not distant future.

[senor_sensible] 12/10/2018 08:35

RP, yes it did look like a bargain was available this morning. Not my 8.5m BTW

[redprince] 12/10/2018 08:29

Just wondering if the 8.5m is part of a stakebuilding or just a trader picking up on weakness?

[redprince] 12/10/2018 08:16

Had a little nibble this morning - on weakness of the market.The 8.5m buy was not me btw!

[lafin] 10/10/2018 08:42

Good to know that no one supported redprince in his AGM fiasco idea.

[senor_sensible] 10/10/2018 07:34

Morning RP, :-)

[redprince] 10/10/2018 07:23

SS - good morning.I am quite sure that we have established the identity of our latest significant investor.

[senor_sensible] 10/10/2018 07:17

what about this fella?
hxxps://www.linkedin.com/in/stuart-lucas-b4912110/?trk=public-profile-join-page

could be asset match guy
hxxps://www.linkedin.com/in/stuartlucas/?trk=public-profile-join-page

or even this guy
hxxps://www.linkedin.com/in/stuartlucas1/?trk=public-profile-join-page

Should have fun with the old rumour mill for a couple of months now :-)

[redprince] 10/10/2018 06:54

BB - well as you say at least I know where I stand!
While it is encouraging to see an experienced hand like SL taking such a position here especially at this time I will not read too much into it.Probably relatively
small change for him and I doubt he knows anymore than the rest of us.
Actually there is a Trust Pilot review of FF+ from someone of that name so it may be he is like many here impressed with the product.However the upside is he clearly has a lot of City experience especially at the small cap end of things and he must have seen potential for some upside from here.However it is imo very dangerous to assume what someone else's motives are for buying in such a large chunk into a situation like this - their gameplan may not necessarily be aligned to the ordinary pi.
People made far too much of RJM's investment here and he is sat on a very large loss so I always think that while these things are encouraging I would not be putting the farm on it just because a high profile person has taken a decent punt on it.
I still say that a private equity t/o is possible and if anything more probable after yesterday's news.The only moot point would be at what price would they pitch it at / need to pitch it at to get the 75% approval?
Personally I am against selling until we see what a decent deal from a large brand owner is worth to our bottom line.
All hypothetical at this stage I know.