Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Litigation Funding Securitisation Update
The Company has been advised by its Maltese Corporate Advisors that the listing of the GBP 40 million two-year notes (the “First Issue”), for which Forbes Ventures’ wholly owned subsidiary Forbes Ventures Investment Management Limited (“FVIM”) acts as collateral agent, has now been approved by the Listing Committee of the Maltese Financial Services Authority.
RNS?
No, what I mean is that the last March delays were caused by mfsa not approving the listing but in July it was approved by the mfsa.
So the delays last year were down to the mfsa and not the investors.
So if the investors are now at an advanced stage of signing then surely it is nearly complete
That along with all the recruitment activity, it suggests that they have all their systems in place at Forbes/megroup ready for listing.
My pov is that they must be confident of the securitisations otherwise they would not have resisted on Aquis because it will kill the share price and the business if the securitisations do not happen and none of the shareholders want that including ME Group who hold some 17m shares in Forbes. They would rather have taken the business private or delisted off Aquis altogether until they were in a position to announce the securitisations in order to protect the share price. I hold approx 1.8m shares and I plan to stay put and trust in the long term prospects of the business, having said that with the share price being so volatile on such a small amount of trades it is squeaky b*m time! You need to be brave and believe, which I do because of the points just highlighted. I am very confident they have a plan and the securitisations will be announced before very long otherwise they would not have allowed the business/shares back on the market. That's my rationale.
Yes absolutely, surely they aren’t that dumb to list all these jobs if they were not assured of large expansion or expected expansion https://www.megroupholdings.co.uk/careers/page/2/
Advanced stage
The me group/ cc capital hold 60% of the Forbes shares. 260 million