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Share Name Share Symbol Market Type Share ISIN Share Description
Rockpool Acquisitions Plc LSE:ROC London Ordinary Share GB00BF2MWC40 ORD GBP0.05
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 4.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial -0.04 -0.28 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4.50 GBX

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Posted at 29/11/2022 08:20 by Rockpool Acquisitions Daily Update
Rockpool Acquisitions Plc is listed in the General Financial sector of the London Stock Exchange with ticker ROC. The last closing price for Rockpool Acquisitions was 4.50p.
Rockpool Acquisitions Plc has a 4 week average price of 4.50p and a 12 week average price of 4.50p.
The 1 year high share price is 7p while the 1 year low share price is currently 2.75p.
There are currently 12,725,003 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Rockpool Acquisitions Plc is £572,625.14.
Posted at 16/11/2022 14:32 by hedgehog 100
15/11/2022 15:56 UKREG Rockpool Acquisitions PLC Potential Reverse Takeover & Suspension of Listing

"Rockpool Acquisitions Plc, the Special Purpose Acquisition Company ("SPAC") formed to undertake the acquisition of a company or business headquartered or materially based in Northern Ireland or alternative transactions with suitable targets, including those that may not have a direct connection with Northern Ireland , has entered into heads of terms ("Heads") relating to the proposed acquisition (the "Acquisition") of the entire issued and to be issued share capital of Amcomri Group Limited ("Amcomri"), the holding company of a fast-growing, acquisitive group of quality UK Engineering and Manufacturing businesses.

The group consists of nine SMEs acquired over the past five years in those industrial sectors, and has a wealth of experience in optimising business performance.

The Group primarily provides a range of specialist engineering and equipment services to the power, rail, petrochemical, process and production electronics industries in the UK and Ireland. Within these sectors it offers a range of services and equipment to allow asset owners to extend the operating life of key high value critical assets or associated infrastructure.

More recently it has established a second focus area in specialist printing in which it owns a further two operating companies, its most recent acquisition in this sector being Bex Design & Print Limited, a 35-year-old specialist screen and digital print business supplying into the electronics and other industries.

The Heads provide that the transaction will be subject to a number of matters including the negotiation of a formal sale and purchase agreement. The consideration for the Acquisition if it is concluded ("the Price" ) will be GBP22,340,625 (based on the forecast pro-forma aggregate EBITDA for FY2022 of GBP5.401m, an agreed EV to EBITDA multiple of 6.84 and net debt of GBP14.6m) to be satisfied by the issue at completion fully paid to the Sellers of 284,284,523 new ordinary shares of Rockpool (Ordinary Shares), or (in order to maintain sufficient Ordinary Shares in public hands) by the issue at completion of a combination of Ordinary Shares and, either, nil-coupon convertible loan notes, or non-voting convertible shares, which on conversion into Ordinary Shares would together equal 284,284,523 Ordinary Shares. If all the consideration were to be paid in Ordinary Shares issued at completion then immediately following such issue the issued share capital of Rockpool would be held as follows:

Name of Shareholder Shares %

Amcomri Holdings Limited 229,374,978 77.23%
Stephill Investments Limited 35,180,207 11.84%
Other Target Shareholders 19,729,336 6.73%
Rockpool Shareholders 12,725,003 4.28%

The terms of the Acquisition value the existing issued share capital of Rockpool at GBP1m, or approximately GBP0.0786 per Ordinary Share.

In accordance with the intention set out in the Company's prospectus published at the time it came to the market in July 2017, the founders of the Company, Neil Adair, Mike Irvine and Richard Beresford, will be granted 5 year options to acquire 10% of the post-admission fully diluted (including by the exercise of those options) Ordinary Share capital at a price of GBP0.15 per Ordinary Share, representing a 90% premium to the price at which the Amcomri acquisition values the Ordinary Shares.

As mentioned above, as well as being subject to contract, the Acquisition is subject to certain conditions, including obtaining of a whitewash under Rule 9 of the Takeover Code, t here being no adverse change or deterioration in the business, assets, financial or trading position or prospects of Amcomri or its subsidiaries between the date of the Heads and completion which is in the reasonable opinion of the Rockpool Board, material and on due diligence. Under the Heads, Rockpool has agreed to indemnity Amcomri for up to GBP50,000 in relation to the costs of pursuing and negotiating the transaction should the transaction not complete in certain circumstances. Amcomri has also agreed to indemnify Rockpool in relation to its costs should the transaction not proceed to completion for certain reasons.

The Acquisition, if completed, will constitute a Reverse Take Over ("RTO") under the Listing Rules. Therefore, the Company has requested a suspension of its listing pending either the issue of an announcement giving further details of the RTO, the publication of a Prospectus, or an announcement that the RTO is no longer in contemplation. The suspension will take effect immediately.

Mike Irvine, co-founder and Non-Executive Director of Rockpool, said: "I am delighted that we are able to announce the potential acquisition of Amcomri which is intended to see Rockpool transform from a SPAC into a profitable trading enterprise. Amcomri's track record of successfully acquiring businesses and its wealth of experience in optimising business performance when combined with the opportunities for further acquisitions that a listing should provide, make the Acquisition a transaction that should create value for both the Rockpool and Amcomri shareholders.""

https://uk.advfn.com/stock-market/london/rockpool-acquisitions-ROC/share-news/Rockpool-Acquisitions-PLC-Potential-Reverse-Takeov/89561567

Posted at 25/9/2022 14:24 by hedgehog 100
The cash shell TMOR (a similar shell to ROC) announced great RTO news on Friday, and if it hadn't been suspended pre-opening, it would probably be top riser for the weekend: a proposed RTO at a share price of 2.25p, well over double the current share price of 0.95p:-


23/09/2022 07:45 UK Regulatory (RNS & others) More Acquisitions PLC Acquisition - Megasteel and Suspension of Trading LSE:TMOR More Acquisitions Plc

"Proposed Acquisition of Megasteel Limited and Suspension of Trading ...

-- Proposed Acquisition values the current issued share capital of More at GBP2.81 million (vs GBP1.19 million at closing on 22 September 2022) or over 2.3 times the Company's current net cash

Background

Megasteel (www.megasteel.co.uk ), has traded for more than 30 years in the United Kingdom, and is one of the largest stockholders and distributors of high-quality steel for the prestressing and post-tensioning of concretes in the UK. Prestressed concrete is a critical building product used in the UK construction market, from house floors to bridge beams and from railway sleepers to high rise buildings in the City of London. In its financial year ended 31 October 2021, Megasteel made audited pre-tax profits of GBP3m on turnover of GBP19.7m. ...

Nigel Roberts, CEO of Megasteel Ltd added:

"We have built Megasteel over the last 30 years to be one of the biggest suppliers in the UK of prestressing wire and strand, a product used in almost every construction project in the country, and we have been considering a listing of the business for many years. We are pleased to be working with More Acquisitions as the vehicle that will enable us to do this.

Over many years we have been able to grow our sales, generate revenues, make profits and turn those profits into cash which we have reinvested into the business to keep the cycle going. Applied over a long period of time these business methods have produced a profitable business that I am proud to have started. ...

We were attracted to More Acquisitions as our vehicle to list because we liked the simplicity and cost-effective way in which it had been set up with its 'one price for all', no advisory or broking fees, capped listing and on-going costs and no director salaries, the Company and its key stakeholders fitted very well with our views on how a business should be run!"

https://uk.advfn.com/stock-market/london/more-acquisitions-TMOR/share-news/More-Acquisitions-PLC-Acquisition-Megasteel-and/89129228

Posted at 07/9/2022 16:20 by hedgehog 100
Recent Share Trades for Rockpool Acqui (ROC)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
07-Sep-22 15:44:08 6.199 19,850 Buy* 5.00 6.50 1,231 O
07-Sep-22 14:07:22 6.199 15,955 Buy* 5.00 6.50 989.05 O
07-Sep-22 11:37:35 6.25 7,865 Buy* 5.00 6.50 491.56 O

A bit of ROC buying interest today, after yesterday's very encouraging RTO update, has moved its share price back up to 6p(+4.35%).

ROC is still trading at significantly below its net cash, despite its very low cash-burn, and excellent RTO prospects.

And I would full expect a RTO here to move ROC's share price into double figures.

Posted at 01/8/2022 16:27 by hedgehog 100
Share Price: 5.75 Bid: 5.00 Ask: 6.50 Change: 1.00 (21.05%)

An interesting late surge, of 21.05%, has taken ROC onto the top risers board again.

ROC's coming final results for their year end 31.3.22 should provide an update on the company's deal progress, I am optimistic of something really juicy in the pipeline.

There's very little ROC stock available, and the share is still valued at well below cash.

Posted at 28/7/2022 16:47 by hedgehog 100
There appear to be just three active N.I. businesses listed in London (UTV left the market in 2016, and ROC has no active business).

Considering this tiny number, it seems remarkable that they include a former 10-bagger and 150-bagger amongst them; and with even the third having more than doubled at one point, and still being well above its floatation price.

And it suggests that there could be an untapped pool of quality NI businesses ripe for a floatation, but overlooked by the London-centric investment hub.


I would think that any sensible investor would want a piece of this action, which makes ROC an almost heaven-sent opportunity.

And at it's current share price of just 4.75p, a massive discount to its cash, ROC could also be a way of getting into a future stellar growth stock at a quite massive discount.

RTOs are almost invariably priced at a significant premium to the shell's cash, so it's hard to see how a good RTO here soon would be priced at less than about 10p/share - and it could even be significantly higher than that.


Then if the RTO excites the interest of the wider market, it could start trading at a significant premium to the RTO price.

And with ongoing share price growth potential on top of that going forward.

Posted at 27/7/2022 18:50 by hedgehog 100
"Rockpool is seeking a company or business:

Run by an exceptional senior management team with a proven track record in their industry or sector

With the desire and ability to grow significantly in its existing markets and/or in new markets

Which could perhaps act as a platform for acquisition and/or consolidation in its sector

Which could benefit greatly from better access to capital in the short and long-term

Whose reach, reputation and credibility with customers and suppliers alike may be enhanced by a public listing"

HTTP://rockpoolacquisitions.plc.uk/about-rockpool/


ROC seems to have a quite exacting set of RTO criteria.

But this should mean that any company they choose to RTO is absolutely top notch.

And you would certainly expect a quality RTO to be priced a significant premium to ROC's cash; whereas ROC's share price is currently at a significant discount to the company's cash.

Ergo, a good successful RTO here should yield great gains to investors at the current level.

And there's no real reason why the company can't achieve that, given the quality of ROC's management, and the breath of contacts that they doubtless have.


And I would expect an update on this quite soon, given that the company said six months ago:-

21/01/2022 07:00 UK Regulatory (RNS & others) Rockpool Acquisitions PLC Termination of proposed acquisition of Greenview LSE:ROC Rockpool Acquisitions Plc

" ... The Board has already identified and is considering potential alternative acquisition targets, and preliminary discussions have been held regarding the terms of a potential deal with the management of one of those. However, the Board recognises the level of frustration that some of the Company's shareholders will likely be feeling at the length of time that the Company has been suspended and wants to ensure, not just that it can complete an alternative transaction quickly, but that the transaction the Company pursues offers the best possible returns to its shareholders. ..."

https://uk.advfn.com/stock-market/london/rockpool-acquisitions-ROC/share-news/Rockpool-Acquisitions-PLC-Termination-of-proposed/87069579

Posted at 23/7/2022 11:48 by hedgehog 100
It's interesting to compare ROC's value with that of another shell - one that floated recently - which has a similar amount of cash to ROC: GSC (GS Chain).

GSC floated at 1p, but has risen to its current share price of 6.6255p, despite not even announcing any news, giving it a market capitalisation of £26.5M.

Which is over 46 times more than ROC's current market cap.: £572,625, at 4.5p.


13/05/2022 08:00 UK Regulatory (RNS & others) GS Chain PLC Admission to trading and first day of dealings LSE:GSC Gs Chain Plc

"GS Chain is pleased to announce that admission of its shares to trading on the London Stock Exchange's main market ("LSE") will take place and dealings will commence at 8.00 a.m. today, under the ticker GSC and ISIN number 984500K398M8C508B642.

The Company is direct listing 399,985,888 Ordinary Shares on the Official List. Market capitalisation at 1p is GBP3,999,858.88.

About GS Chain

GS Chain intends to identify opportunities within the technology sector, to conduct the necessary due diligence and subsequently complete an Acquisition. While the Directors will consider a broad range of technology sectors, those which the Directors believe will provide the greatest opportunity and which the Directors will initially focus on include the use of technologies in real estate, banking, finance, fintech, telecommunications, automotive and blockchain industries. The Directors may consider other sectors if they believe such sectors present a suitable opportunity for the Company.

The Company's objective is to generate attractive long term returns for Shareholders and to enhance value by supporting sustainable growth, Acquisitions and performance improvements within the acquired companies. The Directors will also use their knowledge and experience across a wide range of industry sectors in acquiring, investing and integrating businesses, which allows them to assess the viability of acquisition opportunities and their management teams, which is fundamental to finding the right Acquisition.

The Company's admission document is available to view on its website hxxps://gschain.world/"

https://uk.advfn.com/stock-market/london/gs-chain-GSC/share-news/GS-Chain-PLC-Admission-to-trading-and-first-day-of/88100632


GS Chain (GSC):

Posted at 23/7/2022 09:17 by hedgehog 100
Poor stock market conditions tend to make it harder to IPO, increasing the attractions of the RTO route, and increasing the bargaining power of shells like ROC.

And meanwhile, the valuations of RTO targets for shells tend to be depressed.

So ironically, the s.p.s of shells like ROC can become depressed at the same time as they are in effect becoming more valuable: more capable of cutting a cracking RTO deal on great terms - i.e. a better shell valuation and lower target valuation, and great quality targets.


Which makes a shell like ROC - with both great cash underpinning and great deal prospects - a great place to 'park funds' at the moment.

Many investors may wish to reduce their exposure to shares in companies with trading businesses, but holding cash for months doesn't give any real direct upside - certainly in the short term.

ROC though has both underpinning, and great potential upside - it could easily from this level on a good deal.

And you don't have to worry about funds being tied up here for a while if you won't be using them anyway.


In addition, ROC's large discount at the moment to its cash, despite its extremely low cashburn, looks like a temporary discrepancy - and one that is gradually being addressed by ROC's share price rise, as the market wakes up to the opportunity.

The root of this discount clearly lies in ROC's return to market, after a lengthy suspension, in very bad stock market conditions. Combined with a lack of investor awareness of this share.

It looks like there there could well have been a forced seller being forced to dump at silly prices. But with this supply of shares now gone, there's a good chance that ROC could now re-rate back up to around the level of its cash.

Posted at 18/7/2022 13:19 by hedgehog 100
ROC was previously aiming for a Northern Ireland RTO.

But interestingly, earlier this year it expanded its criteria to include companies from elsewhere too, which clearly widens the range of RTO options considerably.


"A listed acquisition vehicle seeking opportunities in Northern Ireland.

Northern Ireland has a good availability of high quality, often internationally-focused, companies. Despite having an estimated 70,000 registered businesses, there are only two other publicly-listed companies predominantly based in Northern Ireland and Rockpool believes that more Northern Ireland businesses could benefit from the ability to tap into deeper pools of capital which access to the public markets provides.

With extensive knowledge and experience of the Northern Ireland market, the directors are seeking to identify and acquire a highly ambitious, Northern Ireland-based company that is focused on significant growth, and provide it with that access, helping that company meet its aspirations and full potential. Target companies will have a valuation of up to £20m."

HTTP://rockpoolacquisitions.plc.uk/about-rockpool/


21/01/2022 07:00 UK Regulatory (RNS & others) Rockpool Acquisitions PLC Termination of proposed acquisition of Greenview LSE:ROC Rockpool Acquisitions Plc

" ... The Board has already identified and is considering potential alternative acquisition targets, and preliminary discussions have been held regarding the terms of a potential deal with the management of one of those. However, the Board recognises the level of frustration that some of the Company's shareholders will likely be feeling at the length of time that the Company has been suspended and wants to ensure, not just that it can complete an alternative transaction quickly, but that the transaction the Company pursues offers the best possible returns to its shareholders. The Board is therefore open to considering alternative transactions with suitable targets, including those that may not have a direct connection with Northern Ireland.

Targets would be considered that are active in any sector of the economy and, whilst the Board would ideally like to acquire a business that is already profitable at an EBITDA level, it is willing to look at companies that are on the cusp of reaching profitability, have the potential for rapid growth, and could benefit from the access to capital markets that a transaction with Rockpool would afford them. The Board would therefore welcome approaches from target companies that meet these criteria. ..."

https://uk.advfn.com/stock-market/london/rockpool-acquisitions-ROC/share-news/Rockpool-Acquisitions-PLC-Termination-of-proposed/87069579

Posted at 18/7/2022 12:52 by hedgehog 100
ROC has about £950K. cash, with extremely low cashburn.

Current market cap. at 4p: £509K.

The company's full year results are due by the end of July, and should update on its RTO progress.


01/04/2022 14:11 Alliance News IN BRIEF: Rockpool Acquisitions receives GBP1.2 million from void deal LSE:ROC Rockpool Acquisitions Plc
01/04/2022 13:38 UK Regulatory (RNS & others) Rockpool Acquisitions PLC Termination of Greenview Acquisition LSE:ROC Rockpool Acquisitions Plc

"Termination of Greenview Gas Limited Option Agreement

Further to the announcement dated 11 January 2022, in which the Company announced that it had decided not to proceed with the acquisition of Greenview Gas Limited ("Greenview"), an alternative party has been found who is willing to step into Rockpool's shoes to acquire Greenview and/or refinance the debt which the Company is owed by Greenview. The Board is pleased to announce that it has now terminated the option agreement pursuant to which its acquisition of Greenview would have been made (the "Termination").

The Company has received the sum of GBP1,200,000 from Greenview as a result of the arrangements in connection with the Termination. This sum settles all of Greenview's liabilities to the Company, and represents a small premium on the amount of the loan provided by the Company to Greenview and the accrued interest thereon. This sum will enable the Company to settle all its current obligations, and is anticipated to be enough to cover the transaction costs of making, in due course, an alternative acquisition (on the assumption that the consideration for such an alternative acquisition would consist wholly of new shares in the Company) and of the Company's subsequent readmission to the market, and leave it with funds for working capital.

As the proposed reverse takeover of Greenview by the Company will no longer proceed, it is the Board's intention to apply to the FCA for the current suspension of the Company's shares to be lifted as soon as possible. If that application is successful, then trading in the ordinary shares would recommence and continue until the Company announces that it is pursuing a particular alternative reverse takeover transaction."

https://uk.advfn.com/stock-market/london/rockpool-acquisitions-ROC/share-news/Rockpool-Acquisitions-PLC-Termination-of-Greenview/87732377


26/01/2022 07:00 UK Regulatory (RNS & others) Rockpool Acquisitions PLC Half-year Report to 30th September 2021 LSE:ROC Rockpool Acquisitions Plc

" ... This means that, should the proposed Refinancing Transaction successfully complete on the timeline anticipated, and should Greenview Gas agree to the termination of the acquisition by Rockpool on the terms indicated, the Company would be able, by March of this year, to pursue an alternative acquisition with around GBP950,000 of cash at its disposal (having settled its outstanding obligations).

... In the half year to 30 September 2021 the Company made a loss of GBP13,004 (loss in the six months ended 30 September 2019 : GBP5,887). The loss is attributable mainly to the administrative expenses of the Company, together with interest payable on a loan and the costs associated with maintaining its Standard Listing on the London Stock Exchange, exceeded interest accruing during that period on the loan made to Greenview Gas. ..."

https://uk.advfn.com/stock-market/london/rockpool-acquisitions-ROC/share-news/Rockpool-Acquisitions-PLC-Half-year-Report-to-30th/87100644

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