Sprue Aegis Share Discussion Threads

[harrogate] 07/5/2014 12:02

I would call the FD and get him onto it asap!!

[woodcutter] 07/5/2014 11:59

It would seem from note 7 below that this is the case, not all AIM stocks are exempt from stamp duty unless the company provides the appropriate documentation.

7. As an AIM or HGS company what do I and my Nomad
need to do to prepare for Stamp Duty abolition?

Since not all AIM or HGS companies automatically qualify
for the exemption, to assist HMRC and Euroclear in
implementing the tax change, as a company, to make use
of the new exemption, you must confirm that your securities
are admitted to AIM or HGS and are not also listed on a
recognised stock exchange.
The form is available from: www.euroclear.com/dam/EUI/
IssuerDeclarationStampDuty.pdf
You may also wish to discuss this with your Nomad or
Key Adviser.



It would seem the nomad/directors may not have completed the euroclear form or they're listed somewhere on a recognised stock exchange. Are they still on PLUS, i doubt that would be the issue?

Woody

pj our posts crossed it seems.

[pj 1] 07/5/2014 11:56

4. What is a recognised growth market?
To qualify as a 'recognised growth market', the market must
meet one of the following conditions:
a) a majority of companies on the market have a market
capitalisation of less than £170 million; or,
b) the admission rules require companies to demonstrate at
least 20 per cent compounded annual growth (in revenue
or employment) o

[woodcutter] 07/5/2014 11:50

Apparently there's a list of AIM stocks that don't qualify for stamp duty exemption, on what grounds i'm uncertain but i'm trying to find out more. Will report back on results.

WC

[harrogate] 07/5/2014 11:44

That is news to me ..what rationale did they provide for the 5%

[woodcutter] 07/5/2014 11:39

i've called TDW and have been informed that only 95% of AIM stocks are duty free and this one is in the 5% where stamp duty is applicable. Anyone else heard this?

woody

[harrogate] 07/5/2014 11:34

Would guess that the system isn't flagging it properly as an AIM stock

[woodcutter] 07/5/2014 11:32

just looked at purchasing and the trade is flagging up a stamp duty charge. I was under the impression the move to AIM would render stamp duty charges at nil.

Can anyone who's made a purchase since the move to AIM confirm if you've had to pay a stamp duty charge.

Thx woody

[glasshalfull] 30/4/2014 22:39

Well done GW and team on move to AIM.

Numerous opportunities across multiple markets during the next few years should underpin further growth.

I remain a strong holder.

Regards,
GHF

[fozzie] 30/4/2014 13:39

My isa is with IWEB and they do not allow plus stocks. Crazily my sipp is with HL and they do not allow Plus stocks but do in an isa, i just figured at the time it was too much hassle to do and i ended up paying 75p more per share, hey ho!

[drago] 30/4/2014 13:34

fozzie
i bought sprp into my isa earlier this month.

[pcourt] 30/4/2014 10:48

PJ1 - I use the advfn app on my smartfone - it is wicked and much better than horrific PC based website. .......

[fozzie] 30/4/2014 09:22

I am in at 225p. I have waited an eternity to buy in here as all my isas sipps etc would not hold plus shares.

[stegrego] 30/4/2014 09:09

And up we go.

400p within 12 mths IMO

[pj 1] 30/4/2014 08:41

Welcome BBD, spread the word, its still under most radars

[bigbigdave] 30/4/2014 08:38

Just nibbled a few this morning.

[pj 1] 30/4/2014 08:31

Nothing exciting but I have just discovered on ADVFN Monitor page you need to manually remove the SPRP under PLUS and re-enter it under add for it to update.

However my Portfolio Summary page has not amended the values, so not sure what to do there.

[speedsgh] 29/4/2014 21:00

Hope I am. Love every minute. Well, almost every minute.

[drago] 29/4/2014 20:57

jeez, i hope i 'm not working if i ever get to 80.

[themariner] 29/4/2014 12:02

Maybe they are just not right as directors of the PLC board? Peter B and John W are remaining in their roles, effectively. Probably right that Lawrence is stepping down, he was an early backer who has now made is money!

Not a lot to fret about, IMHO - indeed I await their (heavyweight?) replacements in due course.

[speedsgh] 29/4/2014 10:53

Have to admit that I didnt see this one coming.

Board changes -

Technical Director + Business Development Director resign with immediate effect with no replacements announced. I do take comfort from the fact that they are remaining with the company in senior management roles. Also Peter Lawrence (NED) announces intention to go although he is 80yrs old, so quite understandable.

I have to admit that I haven't had a chance to read the Admission Document yet to see if any logic is shed on today's announcement. It does seem rather bizarre timing however as on the surface it appears to introduce uncertainty the day before the move to AIM? I'm sure there is a rational explanation. Time to prioritise reading the Admission Doc.

[the big fella] 28/4/2014 11:28

now that would be nice :)

[glasshalfull] 27/4/2014 19:27

Couple of things to flag.

I'll hopefully be able to update this thread to include charts later this week and then work to repopulate the header.

I've now had opportunity to pour through the AIM Admission Document and provide the link below



Makes good reading and highlighted an error I'd previously made in respect of the DA renewal from March 2014. I read it that the annual DA payments would be reduced from £4.2m to £3.5m in Year 1 and then £3.0m in Year 2 and £2.9m in Year 3.



However, I mistakenly read the RNS as it notes that these payments are for each calendar year. Admission Doc clarifies (p86 - 10.5) that payments will actually reduce to £3.1m, £2.9m & £2.9m in Yr ending 31st March in each of the financial years. Wonder if I was the only one to miss this?

Anyway, been good to get breakdown of their market share in each sector and growth/reduction % in each over the last few years.

Lastly, wonder if anyone saw this article re. Nest (acquired by $3.2billion by Google)



Snippet

"Nest, the home monitoring company bought by Google for $3.2bn, has temporarily halted sales of its £100 Protect smoke and carbon monoxide alarm after discovering that people could disable them unintentionally.

The cause of the halt is a feature called Nest Wave, where people can turn the alarm off by waving their hand.

"We observed a unique combination of circumstances that caused us to question whether the Nest Wave (a feature that enables you to turn off your alarm with a wave of the hand) could be unintentionally activated," says Tony Fadell, the company's chief executive, in a letter on the company website. "This could delay an alarm going off if there was a real fire."

---

What we wouldn't give for Google to come calling and make a similar $3.2 billion bid for SPRP!!!

Confirms the considerable value in SPRP.

Regards,
GHF

[pj 1] 24/4/2014 11:34

Just returned from Skiing for the first time in Italy, Prato Nevoso.

Whilst there was a Fire procedure in the Hotel foyer, there were no individual Fire Alarm/ Monitors in any of the 3 bedrooms I gained access to

(nothing extra marital, kids Scout trip!!!)

Salesman..!!!!

[paxman] 24/4/2014 11:14

Stating the obvious, Sprue had to issue these shares to give institutions a meaningful exposure. I'm sure they could have raised a bank loan of the same magnitude to fund working capital - profitable company, excellent management, with cash.

The goods news:

No placing discount - where will the shares open on AIM - my complete guess 220p to 240p.

Directors sold only a small minority of their shares.

France and Germany could result in significant sales upgrades as the year progresses. Easy 25% - 30% sales growth this year IMHO.

Reference to supplier price improvements as sales increase so greater gross margins.

The bad news:

Er none I think.