Smoove Share Discussion Threads

[value viper] 21/4/2023 08:47

Fair comment Red - see a few nibblers today

[red ninja] 21/4/2023 08:39

Viper

I don't believe Kestrel, who have around 27%, would be interested in a 40p takeout.

I believe their average buying price must be some way above that and they would probably want to let the development run its course and see the companies sale team pick up more customers to drive it to profitabilty.

I've been holding/trading this for a few years now I wouldn't be happy with 40p either.

If they are careful with their cash hopefully they have enough to get to a profitability and beyond.

It would be nice to see the odd RNS with news of a major client being recruited though.

Red.

[value viper] 17/4/2023 07:14

HhhmmI do wonder whether this should be taken off the market Simply not enough going on to justify the listing The tender offer was at 40p Management or whoever could probably offer that now to take it off the market

[value viper] 08/4/2023 07:56

Agreed - was same at ADT Red.Prime appeal here is balance sheet strength

[red ninja] 07/4/2023 09:31

Well surely it’s the same old story, they will get share options with no risk.

Bear in mind we are in inflationary possibly recessionary times and this share is a few years from profits.

[value viper] 04/4/2023 08:25

My goodness - waiting game thisWhy are directors not adding

[value viper] 20/3/2023 07:55

Good posts sid and ear - ta

[earwacks] 18/3/2023 11:00

This is mostly related to the wobbly banks and financials I would guess. There are 8 investors who own 80 per cent of the company. So it is the 20 percent where the weakness is. Good chance this will go private . Don’t think we will get much of a price for it. Would imagine the bigger investors would be happy to stay on board in that scenario. Shame because it probably will multi bag when the market recovers.probably a 5 year story

[sidam] 18/3/2023 08:32

I hope it is just general markets acting on loss making small cap shares. I was a little premature because I have just taken my holding to a full unit. There were two reasons, I thought that the share price would fall after the tender. Although I was wrong initially, it has now and the second was the incentive scheme. I do not think that the target prices would have been set, unless the management thought there are a decent probability that theses would be met. The low target is in round numbers 70% above current level and the higher target 150%, which over a three year period is potentially very attractive.

Good luck to all holders.

[value viper] 18/3/2023 08:11

Back at the lows again of course

[paulsavannah] 14/2/2023 12:20

Anyone know whats going on with the share price slide this past few days.Can't see any news anywhere.

[aimsurfer] 23/1/2023 09:43

Kestrel slowly filling their boots again given new headroom to 30% ownership. Small buying pressure from them will lift share price and make their overall holding look better in their portfolio imo

[masurenguy] 20/1/2023 16:27

OK, I'll leave #106 moderated so that it does not clog up the thread.

[paulsavannah] 20/1/2023 16:16

I'm not a premium member and just read or post from an iPhone and that option isn't available from it.

[masurenguy] 20/1/2023 15:31

Press Edit, right click on your mouse and cover the text in blue and press delete on your keyboard.

[paulsavannah] 20/1/2023 14:25

Can't see any option that lets me delete it...believe me I tried

[red ninja] 19/1/2023 17:15

Kestrel sell down 2.5%, but the share price goes up 11%.

I wonder why ?

[paulsavannah] 11/1/2023 15:39

Apologies I didn't mean to post the whole RNS just the main paragraph but I accidentally copied it all

[aimsurfer] 30/11/2022 14:30

AGM approval was for both tender offer and on market purchase. They won't find many shares available under 40p, this offer gives institutions liquidity to reduce their positions that wouldn't be there otherwise and better for long term holders if some reduce at 40p. Let's see how much out of 5m is left post this tender offer.

[yump] 30/11/2022 08:13

I think I’d prefer a special 8p dividend! But for some reason they want to buy shares directly not just do the “normal” share buyback.

Not really sure of the pros and cons of those 2 options

[aimsurfer] 29/11/2022 17:01

Kestrel have no option but participate if they want to stay under 30% ownership. I don't expect the tender offer to fill the full £5m. Leftover funds they would have to use for on market purchases, or come back with a higher offer. But it's good for long term holders to see how much you can get filled at 40p.

[paulsavannah] 29/11/2022 16:02

The only thing to circumvent it is sell them at 40p and buy them back at todays price of 36p assuming they stay at 36p or less.Although by the time you include the spread and costs it may not be worthwhile.

[earwacks] 29/11/2022 15:25

Aimsurf. That’s exactly what I said they can keep stuff their 40p. If we all do that except Kestrel and a few others how will
That help? I suppose Olliequackers has most of the stock though. Obviously a reduction in shares is a good idea. Would it not be more effective to buy the shares back like any other sane company.hardly call it rewarding shareholders::))

[paulsavannah] 29/11/2022 15:01

Thanks for the response and yeah I'd be happy to hold for a while longer. I like many others I'd imagine would be selling at a loss if we all accepted it.