Rentokil Initial Share Discussion Threads

[tomboyb] 08/6/2015 15:55

Wrong thread -

[siddle] 08/6/2015 15:10

TERN planning a RTO !http://www.shareprophets.com/views/12672/video-of-tern-plc-presenting-at-zakstraderscafe

[ten bag man] 02/6/2015 09:20

Get your sub one million market cap stocks on this thread quick.!!!!


THE 2015 TEN BAGGER THREAD STARTS TODAY:

[jimbob17] 31/5/2015 17:13

Hi hedgehog 100,

Many thanks for your comments. I think SRO and OVG both have wealthy Russians in charge who don't ever appear keen to do anything quickly so perhaps I will avoid that in the future. That said, they should have significant upside when something finally happens.
Will put Acorn on my watch list. Cheers

[hedgehog 100] 28/5/2015 21:20

Although IDM (Inditherm) announced a RTO two days ago, its shares haven't been suspended as a result: that's because an admission document was published at the same time.

This goes back to a point that I made in my post 406 above:

Hedgehog 100 11 Oct'14 - 19:47 - 406 of 614 0 0 edit
"It's normal practice for a shell to be suspended for a RTO, though in theory it wouldn't necessarily have to be.
A RTO agreement must be announced to the market when it is signed, and an admission document published (as soon as possible afterwards).
The suspension occurs between the announcement of the deal, and the publication of the admission document.
So in theory, if an admission document is published at the same time as the deal is announced (which is when it is signed), (or equivalent information to it is available publicly), then the shares wouldn't have to be suspended. ... "

[someuwin] 26/5/2015 22:14

CHAL suspended today ahead of RTO of Starneth and investment in the New York Wheel..

"Starneth together with its respective subsidiaries and affiliates ("Starneth Group") form an engineering and manufacturing group specialized in the design and construction of Giant Observation Wheels and Structures."

Will be interesting to see how it pans out.

[hedgehog 100] 26/5/2015 22:04

Thanks Lazarus,

IDM hasn't been mentioned here previously.
It's not a shell, but today's news is a good reminder that RTOs can take place into non-shells too (and several potential candidates are included in this thread header).

26/05/2015 09:15 ALNC Inditherm Proposes Reverse Takeover Of Inspiration Healthcare (ALLISS)
26/05/2015 07:01 UKREG Inditherm PLC Proposed Acquisition of Inspiration Healthcare


IDM is second on the top risers list today:

LSE % Gainers Top Lists
EPIC Name %
IERE Invista Euro. +80%
IDM Inditherm +59%

Price Price Change [%] Bid Offer Open High Low Volume
4.38 1.625 [59.09] 4.00 4.75 2.75 6.63 2.75 4,169,345
Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range
2.24 51.11 0.03 -0.70 - - - 7.00 - 2.25

And at one point today IDM was up more than 100%, peaking at just over 6.5p at shortly after 10a.m.

[lazarus2010] 26/5/2015 12:56

anybody see the IDM rns today? Seems to have slipped under the radar as an RTO stock, or was it highlighted previously?

[hedgehog 100] 23/5/2015 19:19

Ovoca Gold (now 7p) shows that a share trading at under half cash can actually be a poisoned chalice:

"Subject: Ovoca Gold (OVG) - Discount To Cash Date: 20/12/2012 16:43
... 27p/share cash backing for a share that trades at 12p seems remarkably good value, if you can stomach the illiquidity and something happens to change the status quo.
WShak ..."

[hedgehog 100] 22/5/2015 21:04

Hedgehog 100 13 Apr'14 - 15:15 - 62 of 608 0 0 edit
" ... I feel that the ideal (as suggested by Tara7) should be to develop a 'mini portfolio' of such shares:
say ten, with around £1K. in each, depending upon an investor's circumstances."


Jimbob,

I like the fact that you have diversified between a number of shells, which is the sensible approach.

Some shells, if not most, are probably a bit of a gamble, but as long as the odds are right in relation to the potential upside, they can have a place in a diversified portfolio.

The same uncertainty applies to many other penny shares too of course, but it's often even more so with shells as they can be a bit of a 'lucky dip' ... you never know for sure what you're going to end up with after a deal (or even if there will ever actually be a deal!)


My other general comment is that with RTOs, acquisitions are usually made through the issue of just shares rather than any cash, so significant cash isn't a prerequisite.
Rather, the key currency is people.

I.e. insiders who have the contacts and muscle etc. to pull together a great deal ... and preferably also with the reputations to inspire excitement within the investment community.

Personally, I would prefer to pay above cash for a shell like ACO (Acorn Minerals), where there is a good chance of a deal within a reasonable timeframe, rather than a shell like SRO which has recently suggested (in March) that it will find it significantly challenging to cut a deal.

It pays to be on the look out for signs that something is brewing: TGL (technology play Touchstone Gold) for example has indicated by phone just this week (reported on LSE) that it expects to fulfil its investing policy by the end of June.

[jimbob17] 22/5/2015 10:17

Hi,

I own several cash shells and generally prefer to buy those with which are reasonably clean and with decent cash backing that supports the bulk of the share price. It does mean I miss out on some of the speculative gains sometimes but helps to avoid horrible losses too.

If anyone is interested, my favourites at the moment are:

1) Spitfire Oil SRO May need (more !) patience but cash of over 9p and 3.7p to buy that means patience may well be rewarded.

2)Global Energy (GED), AT 35P, again cash is much higher, at 65p ish I believe.
Just a waiting game with the odds stacked in my favour

3)Hotel Corporation (HCP) At 1p, trading around cash held, clean shell, waiting for a reverse takeover

4)Hubco (ISDX) This is my outsider. Floated on ISDX at 10p a few years ago.
Can still buy for 10p although cash is about 7p now. Top shareholder list and Adam Reynolds in charge of finding a target. After his success with OPTI and NIPT I am prepared to pay a bit over cash.

Any thoughts/comments appreciated.

[smart_investor] 17/5/2015 21:14

Hedge watch out for TGL tomorrow! You may have missed the Friday after hours RNS.

[hedgehog 100] 13/5/2015 20:54

From "THE TIMES" "Market report" today:

" ... On AIM, Cleeve Capital completed the £5.2 million reverse takeover of Satellite Solutions Worldwide, a broadband provider targeting badly serviced areas. The company, whose investors include Nick Candy, the property mogul, with 10.9 per cent, has changed its name to SSW and listed on the junior market."

Satellite Solutions Worldwide (SAT) 4.875p Market cap. £15.02M.




"Satellite Solutions Worldwide: Satellite Broadband Services (SAT)"

[hedgehog 100] 11/5/2015 20:22

Following on from MCR's delisting on 30th. January, there have been more such shell disappointments since, further illustrating that with high potential reward comes high risk.

AFE has said AFEivederci:
12/02/2015 07:00 UK Regulatory (RNS & others) AIM Cancellation - African Eagle Resources Plc LSE:AFE African Eagle


GON has gone:
02/04/2015 07:00 UK Regulatory (RNS & others) AIM Cancellation - Galleon Holdings Plc LSE:GON Galleon Hldgs


And CTFA has 'Come To F--k All':
27/04/2015 07:00 UK Regulatory (RNS & others) AIM Cancellation - Cientifica Plc LSE:CTFA Cientifica



All had their AIM listing cancelled pursuant to the dreaded AIM Rule 41, i.e. failing to implement their investing strategy within one year of becoming an Investing Company, resulting in suspension, and then failing again to implement it within the six-month maximum suspension period allowed on AIM.


Fully-listed shells are not of course subject to this rule ... though in some cases shareholders might wish that they were, after years of waiting and false dawns.

HWC must surely take the record in this respect, as it is still a shell after a mind-boggling fourteen years! -

28/06/2001 15:25 UK Regulatory (RNS & others) Final Results
LSE:HWC
Highway Capital
" … The Company is now effectively a cash shell and as such is seeking suitable acquisitions. Your directors are in the process of searching for a suitable business. … "



Though RGP also deserves a (dis)honourable mention, as 'RGP mortis' might be setting in after a five year wait:

30/04/2015 15:22 UK Regulatory (RNS & others) Ross Group PLC Annual Financial Report LSE:RGP Ross Grp.
" ... The Board takes satisfaction in its rigorous control of overheads and preservation of the Group's Main Board Premium Listed status.
… During the year we have continued our work to explore a variety of strategic opportunities; primarily involving potential mergers, acquisitions and business alliances. We have, over the last five years looked at such opportunities in a variety of business sectors: ranging from consumer electronics, mining, mineral resources, green energy, internet service providers, to specialist supply chain management services. This is still the case, although up to now there has been no conclusive material event to report. …"

[hedgehog 100] 07/5/2015 21:53

moreforus 24 Apr'15 - 14:40 - 594 of 603 1 0 (premium)
"PXOG some large trades today....
Landsdown out?"


And a belated thanks MF.

Prospex Oil and Gas (PXOG) 3.5p Market cap. £1.43M.





20/03/2015 07:00 UK Regulatory (RNS & others) Premier Gold Resources PLC Suspension of Trading on AIM

"Proposed Company Voluntary Arrangement, Disposal of Central Asia Resources Limited, Adoption of New Investing Policy, Change of name to Prospex Oil and Gas plc, Share Capital Reorganisation, Subscription for New Ordinary Shares and Notice of General Meeting ...

5. The Company had conditionally raised GBP1,076,150 through the issue of 35,283,591 New Ordinary Shares to advance the Company's Investing Policy, of which GBP50,000 would be transferred to the Company in order to enable it to make an improved offer of settlement to the unsecured Creditors of the Company, than would have otherwise have been possible; and

6. conditional on the above, that a new board would be appointed and that the Company was to change its name to Prospex Oil and Gas plc, subject to shareholder approval; ..."

[hedgehog 100] 07/5/2015 21:33

jimbob17 24 Apr'15 - 13:57 - 593 of 602 1 0
"Just picked up a few HUBCO on the ISDX market.
Clean shell that floated at 10p.
May be signs of life soon following a change of Corporate adviser today.
Their outlook today states:
"Post year end we have identified several new potential acquisitions and are currently assessing their suitability"
Hoping Adam Reynolds (Chairman) can repeat the success of OPTI and NIPT !"


A belated thanks, Jim.

Another ISDX shell, Fulham Shore, did well with its RTO of The Real Greek last October.

HubCo Investments (HUBP) 9p Market cap. £0.8M.



"DJ Hubco Investments Limited Final Results - Replacement
27 April | 2015 10:35

The board of HubCo announces its final results for the year ended 30 November 2014.

CHAIRMAN'S STATEMENT

FOR THE YEAR ENDED 30 NOVEMBER 2014

Dear Shareholder,

I am pleased to present my Chairman's report covering the year ended 30 November 2014. During the year the Company reported a loss of GBP31,313 and as at 30 November 2014 had liquid cash balances of GBP567,120. Various investment propositions were reviewed during the year but none of them met the investment criteria of the Company. Although none as yet have met the Board's investment criteria, the search actively continues for a suitable opportunity. I look forward to updating shareholders on progress in due course.

Post year end we have identified several new potential acquisitions and are currently assessing their suitability.

Adam Reynolds

Chairman

22 April 2015 ... "

[hedgehog 100] 07/5/2015 21:03

Thanks Mike.

Opera Investments (OPRA) 10.25p Market cap. £1.77M.





27/04/2015 07:00 UKREG Opera Investments plc First Day of Dealings

"Admission to Trading and First Day of Dealings

Opera Investments plc, a company formed to undertake one or more acquisitions of target companies or businesses in the natural resources or oil and gas sectors, is pleased to announce its entire issued ordinary share capital consisting of 17,250,000 Ordinary Shares of GBP0.01 each will be admitted to the standard segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities (together, the "Admission"). It is expected that the Admission will become effective and that dealings will commence at 8.00 a.m. on 27 April 2015 under the TIDM code "OPRA" (ISIN: GB00BSNBL022).

Paul Dudley, the Company's Chairman, commented: "We are very pleased to have secured investment for the Admission and look forward to executing our stated acquisition strategy for the benefit of our shareholders".

Highlights

-- The Directors of the Company intend to use some or all of the funds that have been raised on Admission to acquire a company, business, project or asset in the oil and gas or mining exploration and production sectors and to fund its on-going expenses.

-- The Company's objective is to take advantage of opportunities to invest in these sectors that have seen considerable recent volatility and to operate the companies, businesses, projects or assets that it acquires in any acquisition.

-- The Directors' intention is to create a trading business, rather than an investment entity. It is not intended that the Company acquire minority stakes in target entities.

The Prospectus published by the Company on 22 April 2015 is available at the Company's registered address at Aldermary House, 10-15 Queen Street, London EC4N 1TX and from the Company's website at www.operainvestmentsplc.com.

Defined terms in this announcement shall have the same meanings as in the Prospectus.

STATISTICS


Number of Existing Ordinary Shares 5,250,000
Placing Price 10p per Ordinary
Share
Number of Placing Shares 12,000,000
Enlarged Share Capital in issue
following the issue of the
Placing Shares and Admission 17,250,000
Percentage of Enlarged Share Capital
represented by Placing Shares 69.6%
Gross proceeds of the Placing GBP1,200,000
Proceeds of the Placing receivable
by the Company
(after the deduction of transaction
costs) GBP1,062,000"

[mikeh30] 07/5/2015 19:26

OPRA very quiet since float

[still waiting] 07/5/2015 18:51

from tuesdays proactive article on TERN.

could this be the next rto multibagger? IoT hot sector.

£3m m cap

Research from Peterhouse also claimed Tern’s management is actively considering further investments, including a second major acquisition.
This is likely to be an established business with substantial revenues derived from an established customer base in a range of existing government and healthcare markets.

[hedgehog 100] 07/5/2015 18:13

Third on the top risers list today is biotech TILS (Tiziana Life Sciences), which now has a market cap. of £135.73M. at 147p:

LSE % Gainers Top Lists
EPIC Name %
NEW New World Oil +89%
PYC Physiomics +29%
TILS Tiziana Life Sc +26%

Price Price Change [%] Bid Offer Open High Low Volume
147.00 30.0 [25.64] 140.00 149.00 120.00 147.00 120.00 175,514
Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range
135.73 92.33 9.23 -0.05 - - - 147.00 - 24.50






TILS was a RTO just over a year ago, accompanied by a placing at just 12p, and I flagged it up on this thread last May at 29p:

Hedgehog 100 20 May'14 - 18:09 - 118 of 598 0 0 edit

"From "THE TIMES" today:
"Private punters also took an interest in biotechnology minnows. One, Tiziana Life Sciences, named Napoleone Ferrera as chairman of its "scientific advisory board". His research is credited with leading to the development of Avastin and Lucentis, two of the world's bestselling drugs. The developer of breast cancer drugs made its debut on AIM last month when it reversed into the shell of Alexander David Investments, originally intended to be a natural resources investment vehicle, to gain its London listing. Shares placed then at 12p each by Beaufort Securities rose a further 2 1/2p to 28 1/2p, a record, in brisk trading." ... "

[philanderer] 05/5/2015 23:03

5th may Credit Suisse outperform tp 141p
5th may Investec buy tp 170p
5th may Jeferies buy tp 155p
5th may JP Morgan underweight tp 110p
1st may Zacks sell -

1st may ++++ Q1 Results ++++


20th april Barclays overweight tp 147p

[philanderer] 05/5/2015 23:02

Questor share tip: Rat-catcher Rentokil has much to offer

Pest-control is a focus for growth but the company has more to offer than killing rodents and insects

Rentokil
140p +3.5p
Questor says BUY

[smart_investor] 05/5/2015 09:14

Bank Holiday Weekend Press!!




What is the news? – Quantum Computing OS Developed!
Cambridge Quantum Computing (CQCL) has developed a new operating system designed to run the futuristic quantum computers. The new OS is named t|kit> (yeah, you read it correctly). This development has been possible with the help of CQCL’s very own proprietary custom designed super-fast super computer and this made the imitating of the working of a quantum processor.

“CQCL is at the forefront of developing an operating system that will allow users to harness the joint power of classical super computers alongside quantum computers. The development of t|ket> is a major milestone,” company said in a statement. “Quantum computing will be a reality much earlier than originally anticipated. It will have profound and far-reaching effects on a vast number of aspects of our daily lives.”

What is the future of Quantum Computing and how does this OS affect it?

Cambridge Quantum Computing expects that now quantum computing will be a reality much earlier than expected. These days, the research in the quantum computing field is being done at a fast pace.

It should be noted that few days ago, IBM has made further progress with its simultaneous error detection to make a working quantum computer a reality in near future. CQC has said these developments could affect our lives in a larger way when quantum computing will be a reality.