Spinnaker Opportunities Share Discussion Threads

[blocker2] 17/8/2017 14:57

Leaky leaky

[currypasty] 17/8/2017 12:40

over 3% holdings RNS

[currypasty] 17/8/2017 08:22

The Company is now pleased to announce that the number of opportunities has been narrowed down to a short list. The Company is now carrying out additional work on these opportunities with a view to selecting one or two to further develop and carry out more in-depth diligence upon. Further updates will be issued as appropriate and in any case before the end of the summer.


tick tock, end of summer rapidly approaches


Wikipedia " The meteorological convention is to define summer as comprising the months of June, July, and August "

[currypasty] 11/7/2017 08:49

progress... but slow

[someuwin] 11/7/2017 07:07

11 July 2017



Spinnaker Opportunities Plc

("Spinnaker" or "the Company")



Corporate Update

Spinnaker Opportunities Plc (LON: SOP), the main market-listed company focused on the execution of a material acquisition in the energy or industrial sectors, which will be selected and structured to deliver value to shareholders, today provides an update on progress towards this goal.

At the time of the Company's listing in May, Spinnaker had identified approximately 30 potential acquisition targets and since that time further opportunities have been identified for screening. These opportunities are weighted heavily towards the oil and gas and the energy sector whilst some potential targets are also in the supply chain and technology arenas. The majority of the opportunities considered provide for near-term production or enhancement of existing production and may already be cash generative, where a small amount of funding could significantly enhance the value of the business.

The Company is now pleased to announce that the number of opportunities has been narrowed down to a short list. The Company is now carrying out additional work on these opportunities with a view to selecting one or two to further develop and carry out more in-depth diligence upon. Further updates will be issued as appropriate and in any case before the end of the summer.

The opportunities now under consideration remain weighted towards the oil and gas and energy industry, but also include one option in the supply chain and technology space. The remaining opportunities are also predominantly at the larger end of the Company's initial £5 million to £30 million range.

Spinnaker Chairman, Andy Morrison, commented:

"We are delighted with the progress that we have made since we completed our listing some two months ago. We have continued to conserve the funds that we have in place whilst implementing the appropriate building blocks to deliver our strategy. We believe that these are now in place enabling us to move quickly on any opportunity we decide upon as well as making Spinnaker an attractive partner to deal with."

We now have a handful of opportunities for the team to take forward and investigate further. This will be carried out over the summer months. We hope that from this selection we will be able to identify and take forward a single material acquisition; however, we still remain open to, and will consider, any other compelling opportunities that may present themselves."

I look forward to providing further updates as we narrow down our selections and progress towards delivering our strategy."

[currypasty] 30/6/2017 09:44

19 th May



"Spinnaker is thought to be keeping the phone lines open for a further few weeks to assess another wave of potential deals.

After that it will be case identifying the two most attractive options, a process which it is thought could take as a little as three months."



6 weeks later, lets be having an update on the chosen two!

[someuwin] 20/6/2017 10:56

Looks very interesting.

[currypasty] 20/6/2017 10:38

about 400k of buys this morning (from another site as advfn trades bust). Perhaps punters are realising all these retained advisors point to some pretty hefty deal being lined up.

[currypasty] 20/6/2017 08:21

Spinnaker Opportunities Plc (LON: SOP), the listed cash shell focused on delivering a single, material acquisition in the energy or industrial sectors, today announces that it has appointed Board advisory and energy recruitment experts, Simpson Booth Limited, and specialist natural resources and energy financial public relations firm, Blytheweigh Communications Limited.

Simpson Booth provides strategic advice on Board and Management team structure and composition as well as identifying appropriate candidates for those roles. They also have extensive expertise in the energy and industrial sectors and will advise on the structure of the future management of the company in the lead up to and completion of Spinnaker's first reverse takeover transaction.

Blytheweigh is a specialist financial public relations and investor relations consultancy with extensive expertise advising companies in the resources and energy space. Blytheweigh has offices based in London, Johannesburg and Toronto with a focus on small to mid-cap listed companies.

Both advisers have agreed that they will not receive any fees for their services prior to the completion of a reverse takeover transaction.

Spinnaker Chairman, Andy Morrison, commented:

"We are delighted with the addition of Simpson Booth and Blytheweigh to our team of advisers, which is a further vindication of our strategy."

"Since we listed Spinnaker has seen considerable interest in its strategy. This has provided, and is still providing us with more potential acquisitions. The Board and its advisers will look to finalise these opportunities and then narrow the number down within the next month."

"I look forward to working with both Simpson Booth and Blytheweigh and providing further updates in due course."

[tinker10] 07/6/2017 10:23

Just had a nibble here. Impressive team, let's see what they can deliver.

[currypasty] 06/6/2017 11:02

"Deal size could be anywhere from £5-£30mln. The shares were issued with a warrant attached at 7.5p, so you would suspect an RTO would be completed with a share issue above that level."

[piperpeter] 31/5/2017 09:40

Anyone here noticed the progress ECR has made over the past 6 months?

Worth "stumbling" upon, perhaps?

Pp.

[currypasty] 23/5/2017 09:09

£40k buy gone through, come on soppy, lets have an update. I would guess they were pretty far on with a target at list

[currypasty] 22/5/2017 10:26

bit of interest today, perhaps punters stumbling on SOP.. don't think its out there much yet!

[currypasty] 19/5/2017 19:18

19 May 2017

Spinnaker Opportunities Plc (the "Company" or "Spinnaker") the newly listed cash shell focused on delivering a single, material acquisition in the energy or industrial sectors confirms that on the day of Admission, 17 May 2017, Andy Morrison, Chairman, transferred 1,200,080 shares in the Company to his self-invested personal pension ("SIPP") at a price of 5p per share. Mr Morrison's total holding remains unchanged at 4,600,080 shares representing approximately 17.7% of the issued share capital of the Company. Following the transfer, he holds 3,600,080 shares in his SIPP and the balance in his ISA.

Mr Morrison and his board colleagues invested a total of GBP310,000 in the recent initial public offering in the Company and will not take salaries prior to an acquisition. Their interests therefore are fully aligned with other investors.

[alexios1201] 17/5/2017 13:45

Hi guysTook the pilot position here today to have a feel.Any research would be welcome

[currypasty] 17/5/2017 11:22

The IPO was oversubscribed, I got 80% allocation. I would expect some buying from participants to make up the shortfall. pugugly, could be some placees selling and keeping (untradeable) options.. times may have changed for them since original commitment, especially as listing date has slipped slightly.
currently 4.75 sell, 4.86 buy

looking for a RTO £5m-£30m

[pugugly] 17/5/2017 11:05

Interesting trade action - Appears some of the placees are selling ords at a small loss and presumably holding the warrants in case of success - a nice low cost option - I am assuming the warrants are not tradeable.

[currypasty] 17/5/2017 09:46

yes, that's why Im in!

"The founders and their associates have invested £535,750 of the initial capital through the subscription. This aligns the interests of shareholders and the board.


No cash fees will be paid to the directors or the retained advisers (details of whom are set out below) prior to completion of a first acquisition. This helps to ensure that future decisions by the board will be based on their interests as shareholders, in full alignment with other shareholders.

Legal, financial and commercial work will be conducted in-house by the directors and retained advisers to the extent that they have the necessary capabilities."

[pugugly] 17/5/2017 09:35

Most of the Directors seem to be ex oil and gas exploration and production so would expect targets to be in this area .

Curry - Thanks for starting thread .

[currypasty] 17/5/2017 08:59

17 May 2017 Spinnaker Opportunities Plc (the "Company" or "Spinnaker") is pleased to announce that it has raised £1.2 million in an Initial Public Offering ("IPO") on the Main Market of the London Stock Exchange.

The IPO, which comprised a Subscription and a Placing, was oversubscribed and comprises 24,000,000 New Ordinary Shares to be issued by the Company at 5p per Ordinary Share together with one Warrant to subscribe for one new Ordinary Share at 7.5p per new Ordinary Share. Gross proceeds were £1.2 million and net proceeds £1.07 million. The board has invested an aggregate of £310,000.






recent move to look at CBD oil













new thread for Kanabo group