SA Property Opps Share Discussion Threads

[edcrane] 27/10/2020 08:04

I have created a RBBS thread

[edcrane] 27/10/2020 07:53

Proactive interview just released

hxxps://youtu.be/bQP44w6-EC8

[errol6] 23/10/2020 12:39

Strange goings on. any hope for another of my punts

[edcrane] 23/10/2020 08:06

Now renamed Rural Broadband Services ..... Chris Akers popped up as a shareholder

hxxps://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=RBBS

[plasybryn] 18/12/2019 10:45

I believe an update is expected this month. Fingers crossed

[plasybryn] 19/10/2019 17:23

This Co. is still going apparently and shareholders should hear something soon. Although delisted from AIM, a Financial Statement was communicated last December. If you hold your shares in Nominees you properly weren't aware of this.
I don't believe there has been any communication since then. The voluntary winding up was stopped as the new Chairman, who apparently holds a substantial number of shares, got rid of the board and then took action to ensure assets and value where protected. It will be interesting to see if he has/is being successful. I hope this is correct but is my best understanding of the current situation. If anyone has any more information, or contact with the new Chairman, please do say.

[guman] 11/9/2018 15:54

would share holder get any money?

[oilbuy] 04/5/2018 20:16

No cash though , so will have to raise.

[oilbuy] 30/4/2018 19:43

Id say Ardiluan Energy going in here.

[tomboyb] 30/4/2018 13:14

Up again -

Will need to appoint an adviser by 2nd May however I think they will appoint one -

[tomboyb] 24/4/2018 09:51

1000 shares available at 0.90p -

Must be another buyer -

No stock at all -

[tomboyb] 24/4/2018 09:04

NO winding up -

[tomboyb] 24/4/2018 09:04

RNS out -

South African Property Opps PLC

24 April 2018

Legal Entity Identifier: 213800MCRBNG3UHI1A31

24 April 2018

South African Property Opportunities plc

(incorporated and registered in the Isle of Man under the Isle of Man Companies Act 2006

with registered number 006491V)

(the "Company")

Further re voluntary winding-up

The Board has received through its advisers an email from Michael Meyers, who has recently acquired 29.9 per cent. of the entire issued share capital of the Company. The email requests the board of directors cancel or agree to adjourn the EGM to be held on 2nd May and states that "both resolutions will be rejected by holders of approximately 81% of the equity".

The email states that Mr Meyers has been informed of the voting intentions of two other shareholders, "John McKeon holding 26.6% of the equity & Peterhouse Corporate Finance acting for Flare Capital with 24.9% of the equity", but that the shareholders are not acting in concert. The Board notes that all three shareholders have only recently acquired shares in the Company.

The email suggests that the board of directors should resign and appoint Mr Meyers and nominees of the other two shareholders as directors, as well as suggesting a possible independent director, "if you felt that this was necessary."

The email concludes, "In view of the price having risen substantially today I think action is necessary without delay."

The extraordinary general meeting of the Company's shareholders is due to be held at 11:00 a.m. on 2 May 2018 in order to approve the proposals, following which a further announcement will be made.

For further information contact:

Panmure Gordon & Co (Nominated adviser and broker)

Paul Fincham/Jonathan Becher/Rob Naylor [phone]
Galileo Fund Services Limited (Registrar and administrator)

Ian Dungate/Suzanne Jones + 44 (0) 1624 692600

This information is provided by RNS

The company news service from the London Stock Exchange

[tomboyb] 24/4/2018 07:57

EGM on 2nd MAY -

obvious it will be rejected hence all major shareholder stock has changed hands -

[tomboyb] 23/4/2018 10:39

up 118% and 1000 shares available at 0.80p -

no stock in SAPO -

John Mckeon will reverse O and G assets here -

[tomboyb] 23/4/2018 10:08

1000 shares online -

Nothing available on IG -

[tomboyb] 23/4/2018 09:54

Looks like going 50% plus today -

Spread kills it however this could be an interesting hold -

[tomboyb] 23/4/2018 07:20

No stock at 0.50p from IG Index -

No quote at all -

[tomboyb] 23/4/2018 07:12

Absolutely no stock available -

This shell looks like up and up from here -

This will not delist -

[tomboyb] 19/4/2018 08:55

L2 just got stronger -

This looks like moving up -

Disgraceful spread however I believe this could eventually break 1p -

[tomboyb] 19/4/2018 08:47

Meant 0.40p -

Wait for the RNS that says no delisting or wind down -

[tomboyb] 19/4/2018 08:46

Can see this going blue but can't buy any online at 0.20p -

Pretty likely one of Mckeon's oil and Gas company reversal -

[tomboyb] 19/4/2018 08:27

Micheal Siefried 29%
Flare capital 25%
Lars Ernest 8%
John Mckeon 27%

Left 12% free float -

Looks like this is NOT delisting -

[tomboyb] 19/4/2018 08:25

John Mckeon is back -

Ha has just taken 27% of SAPO -