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Last post: MrMagorium, 10 Jun 2024 15:27
Looks like the name change has been submitted to Company House today, so the name will formally change to Pristine Capital PLC. Must mean the RTO is progressing...
https://find-and-update.company-information.service.gov.uk/company/13628889/filing-history
Here we go..bright future!
We'll be hearing something soon..just wait for the increase in volumeđź‘€
Started: barnard, 4 Apr 2024 11:26
Last post: MrMagorium, 5 Apr 2024 14:49
Looks like something could be going on here...
Really Jessie. What are they upset about? On the day he left Palace announced their best ever results:
1) 14 buildings sold at 19% above book value.
2) 80 apartments at York sold.
3) Loan on Hudson Quarter, York repaid.
4) Dividend up 26%
5) LTV reduced to 28%
6) IFRS profit ÂŁ24.6m
7) NAV increased to 390p
8) Investors Chronicle state that he left the company in fine shape.
So why are you stating that many have been upset. With what?
Although many have been upset and concerned with Mr Sinclair's last shell Palace Capital
Knowing these guys' pedigree, we should not be concerned. All in good time.
Absolutely nothing been said by the company and SP on the slip!
Started: barnard, 11 Feb 2024 13:24
Last post: barnard, 11 Feb 2024 13:24
2 x 4.7m trades..at .75
Last post: Hedgehog100, 30 Jan 2024 11:50
In view of their property sector background, TMOR's new directors will probably be looking at a property RTO into TMOR, probably at a significant premium to their 1p/share investment price.
And recessionary times can provide great opportunities to pick up property cheaply, from which huge gains can subsequently be made.
A good example of a property sector multibagger is the property development company Northacre (NTA), which c. 75-bagged in c. 5 years, 2005-2010, low to high: from c. 2p to c. 150p.
"Northacre plc is a British property company that develops luxury apartments in London, and is 69% owned by Abu Dhabi Financial Group (ADFG)."
https://en.wikipedia.org/wiki/Northacre#:~:text=Northacre%20plc%20is%20a%20British,Dhabi%20Financial%20Group%20(ADFG).
Cracking RNS yesterday. Let's hope we can now push forward and create some value here.
I've got a good feeling about TMOR now.
Finally waking up. GLA
Started: Hedgehog100, 22 Jan 2024 09:58
Last post: Hedgehog100, 22 Jan 2024 12:31
"And the new directors are 85 and 80"
Jessie,
They are mere wippersnappers compared to Warren Buffett: aged 93.
However, we shouldn't hold their comparative youth & inexperience against them.
Nice mover, have a look at #DGI Areta® Motor Patent Granted in China - Patent accelerates expansion in the world's largest market for electric vehicles
Time to buy #DGI before the JV deal signed by TESLA
0.24p paid last Friday and 1p target by end of this month. Good luck buying cheap now.
Hedgehog, personally, I'm not investing in anymore shell companies, as I think the poor market conditions has been used as the scapegoat for many advisory companies taking a fair amount in fees off the shell companies to do DD on a company, which has very small likelihood of going ahead and ends up being aborted.
Only winners of late in this area, appears to be the companies "advising" the cash shells, and let't not forget some of these business have also been compensating the BOD via Salaries other compensation.
Aware ARA, does not compensate directors and has not yet signed a HOT to acquire another business, but just giving my personal experience of what I've seen happen as of late.
AIMHO,DYOR,GLA!
And the new directors are 85 and 80
TMOR's placing today is at a 100% premium to its pre-existing s.p. of 0.5p.
This demonstrates the intrinsic undervaluation of a main-listed shell trading at sub-cash, which are very rare.
Especially with the 'tap now turned off' for the supply of new micro-cap main-listed shells: since early June last year, 'new' shells have been banned from floating on the main market with a sub ÂŁ30M. market cap. (previous minimum only ÂŁ0.7M.)
A similar shell to TMOR, Milton Capital (MII), rerated upwards recently on similar news to TMOR's today.
Probably the best such opportunity now left is Aura Renewable Acquisitions (ARA): currently just 6p, market cap. ÂŁ630K.
Started: jona35, 19 Nov 2023 08:40
Last post: jessielivermore, 22 Jan 2024 08:12
It did but did you see the two share purchases last week each for 1,000,000 shares at 0.5399p ahead of this announcement !
At least the 1p came true in the end!
Why can't I buy any, but I can sell a pretty sizeable amount in one transaction?
It signals to me, that someone is accumulating and now I have seen this article, to try and intimidate people into selling, this just signals to me a potential ploy to gather shares from the weak holders to force through the EGM vote.
You can have my shares Doc Holiday. But not below 1p.
BREAKING: Disgraced Rod McIllree spaffs more cash at More Acquisitions – Winnileaks special
By Tom Winnifrith | Saturday 18 November 2023
These clowns want voting out and soon IMO i think doc got it spot on tbh
Started: barnard, 4 Jan 2024 16:33
Last post: BlueMonday9, 10 Jan 2024 18:39
They can only publish factual information…. This is a shell you can’t expect any trading updates etc. they can not report on any discussions they have until they sign a formal HOT and then they can make an announcement… ramping shares to drive up the share price is not allowed for directors of a public company.
Click on most company websites, or twitter pages you will find upto date info..statements or presentations from the board. Of course they can promote the company.
Directors can’t ramp a share it would be illegal. They can only release news when they have news to release….
The directors here would want to make some money on their investment..crazy the lack of Comms..the Twitter feed is non existent and website dead.
Why not try attract shareholders and drum up some interest.. really poor.
Started: barnard, 22 Dec 2023 10:58
Last post: barnard, 22 Dec 2023 10:58
Any chance of an update on the several opportunities the company is evaluating...need to be pushing on now and getting some business done..
Last post: base_jumper, 5 Dec 2023 07:10
Fascination with MW it seems, rattled indeed … yep I think your answering for yourself in your identity 🤣
Well, I’m sure RM & the cracking PH dosser will be out soon enough 🤝
Whitblow COO of ECR. Now that will be funny to watch. Inbound extinction level event coming there imho. Might go give them what for on their chat also. Imagine if you took all the idiots from all the villages and made another village just imagine the village idiot and you are getting close.
Hahahaha company director rattled on LSE..quality.
About as much chance of that being proven as Doc Whitblow getting on the board of a LSE company but its entertaining no doubt.
Have at!
Let’s see if it’s proven 🤷‍♂️
Started: BlueMonday9, 1 Dec 2023 14:16
Last post: BlueMonday9, 1 Dec 2023 17:50
I think it was more that Doc Walliday behave appallingly towards the directors of the target …. He is rude and obnoxious- have you read his tweets. No one will buying to TMOR after this.
The previous deal was ok until BOD screwed it up. No wonder Doc, as a large holder, was incensed and he was treated appalingly by BOD as anyone who has listened to the tape of the AGM will know. Still he and his backers never had a chance so perhaps should have backed off.
BOD said that the EGM had delayed them doing a deal so let's all just hope for a quick deal, if not by Christmas then early in the New Year.
what a wally that holiday chap is! he scuppered the deal for the rto by his antics and now look what’s happening. who in their right mind would ever do an rto with tmor? the last deal was at 0.5p and the shares would have gone up after the rto had gone though - but now they languish at 0.45p and will probably fall when they publish the next set of accounts as the cash will have been burnt even more. 0.3p in the offing. and we can all blame mr mike *******. duffer and wally…
Started: jona35, 28 Nov 2023 09:13
Last post: Barry5, 29 Nov 2023 15:16
BOD need to bear in mind that their primary duty is to act in the interests of all shareholders not just themselves. If they had done that when the previous deal was in the process of being tied up, we (and they) would not be in the mess that we're in.
It would seem that way but the BOD hold a lot of stock so it's in their interest to make something happen.. hopefully not too long.
Just have a bad feeling the BOD do not have a clue what there doing should of stayed on there cattle farm in Australia imo maybe buy a farm full of sheep but we know how that story goes barrrrrrr lol velcro suits and all pml
Started: WOLFOFWARE, 23 Nov 2023 16:30
Last post: barnard, 27 Nov 2023 09:30
yep we need to move forward here now..put all that **** behind us and crack on..anyone get any response to any emails contact?..i've tried but no response.
The EGM is just a cash drain, waste of time, which has already been confirmed as going to be rejected, so no point in that being put forward really. Current BOD can't continue any discussions with any prospects with that over their head...
IMO if that were to be retracted, and the gent putting in the EGM was to have a meaningful discussion with the BOD, this could now be a very attractive vehicle considering the Cash to MCAP. (Possibly one of the cheapest on the LSE to my knowledge)
AIMHO, DYOR,GLA
Is a positive rns..
is end of March the dead line for deal to be done? I once heard bod have 2 years from inception
Started: Barry5, 23 Nov 2023 10:37
Last post: Barry5, 23 Nov 2023 10:37
And no hope!
This lot of crap is as Dead as a Dodo.
Just read the RNS, what an absolute waste of time, they should withdraw the requisition and the BOD should give a solid update on potential acquisitions being considered.
This is tanking bad, but fundamentally doesn't seem distressed. Just need an RNS to understand what RTO is lined up, if there is one!
I speak to them every so often Barnard.
try rod@greenlandoil.com, I find I get a response pretty quick
Has anyone heard anything from the company lately?
I've emailed them but no response...
Started: Hedgehog100, 26 Aug 2023 11:22
Last post: Hedgehog100, 26 Aug 2023 11:22
From Investing.com:-
"More Acquisitions PLC (TMOR)"
" 0.600 0.000 0.00%"
"TMOR Technical Analysis"
"Summary: STRONG BUY
Moving Averages: BUY Buy (8) Sell (4)
Technical Indicators: STRONG BUY Buy (7) Sell (2)"
https://uk.investing.com/equities/more-acquisitions-technical
From TradingView.com:-
"MORE ACQUISITIONS PLC ORD GBP0.01"
"0.600GBXD 0.000 0.00%"
"TMOR technical analysis"
"Summary Oscillators Moving Averages"
"Buy Neutral Buy"
https://www.tradingview.com/symbols/LSE-TMOR/technicals/
Started: Hedgehog100, 25 Aug 2023 12:09
Last post: Hedgehog100, 25 Aug 2023 12:09
TMOR's chart pattern is exhibiting the classic double bottom technical formation, a bullish reversal signal.
From Investopedia.com:-
"What Are Double Bottom Patterns?
Spot Major Potential Trend Reversals with Double Bottoms
By JAMES CHEN Updated October 13, 2022
Reviewed by CHARLES POTTERS
Fact checked by MICHAEL LOGAN
What Is a Double Bottom?
A double bottom pattern is a classic technical analysis charting formation that represents a major change in trend and a momentum reversal from a prior down move in market trading. It describes the drop of a security or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound (that may become a new uptrend). The double bottom looks like the letter "W." The twice-touched low is now considered a significant support level. While those two lows hold, the upside has new potential.
1
In terms of profit targets, a conservative reading of the pattern suggests the minimum-move price target is equal to the distance of the two lows and the intermediate high. More aggressive targets are double the distance between the two lows and the intermediate high. ...
While the double bottom low remains in place, price movement is likely to exhibit a retracement higher and possibly indicate the beginning of a new uptrend. ..."
Started: Hedgehog100, 24 Aug 2023 18:42
Last post: Hedgehog100, 24 Aug 2023 18:42
"From the ashes of disaster grow the roses of success".
Or perhaps I should say: " ... can grow an ASHI-like success" ...
The shell company ASHI floated at 3p per share on 6th. June this year, market cap. ÂŁ1.841M., compared to net cash of ÂŁ717K., including its net IPO proceeds.
That didn't look cheap, but to its credit it has suspended (at 2.75p) for a DOUBLE RTO, valued at over ÂŁ175M. including ASHI's shell value, just two and a half months later:-
17th Aug 2023 8:10 am RNS Heads of Terms Signed
"Heads of Terms Signed
Proposed Reverse Takeover of Cell Therapy Limited
Suspension of Listing
Conditional Acquisition of Cell Therapy Limited
Ashington Innovation (LSE:ASHI), the Special Purpose Acquisition Company (SPAC) established to acquire businesses primarily in the technology sector, is pleased to announce that the Company has entered into a non-binding term sheet (the "Term Sheet") with Cell Therapy Limited ("Cell Therapy") pursuant to which Ashington Innovation will acquire 100% of the total issued equity for ÂŁ135 million in an all share transaction (the "Transaction"). Cell Therapy is a clinical stage biotechnology firm with a portfolio of patented cellular medicines with a lead program that successfully completed an early-stage human clinical trial in heart failure. ... "
https://www.lse.co.uk/rns/ASHI/heads-of-terms-signed-2z1etekcmhfmp97.html
24th Aug 2023 7:00 am RNS Heads of Terms Signed for the Acquisition of Calon
"Heads of Terms Signed for the Acquisition of Calon Cardio-Technology Limited, subject to the Completion of the Reverse Takeover of Cell Therapy Limited
Ashington Innovation plc (LSE: ASHI; FSE: 6FW), a special purpose acquisition company, is pleased to announce it has entered into a non-binding heads of terms agreement with Calon Cardio-Technology Limited ("Calon"), to acquire 100% of the outstanding shares in Calon in an all-share transaction. The acquisition is subject to the completion of the proposed reverse takeover of Cell Therapy Limited ("CTL") ...
Following recent discussions, on 23 August 2023 Ashington entered a non-binding heads of terms agreement with Calon for the acquisition of 100% of the issued share capital of Calon for a purchase price of ÂŁ39 million ..."
https://www.lse.co.uk/rns/ASHI/heads-of-terms-signed-for-the-acquisition-of-calon-uxanjn1i7k94bxu.html
Started: Hedgehog100, 10 Aug 2023 18:21
Last post: barnard, 20 Aug 2023 14:28
Cheers Hedgehog đź‘Ť
" ... Megasteel weren't willing to pay a share price for TMOR ..."
Amendment:-
That should say a FAIR price for TMOR.
I think that they're capable of striking a fair deal, yes Barnard.
I think that with the revised Megasteel deal, Megasteel weren't willing to pay a share price for TMOR, and TMOR's board should not have pandered to their attempt to rip us off.
But if the board negotiate with a party who IS prepared to pay a fair price, then there's no reason why that can't be agreed.
Also remember that the board won't be paid until a deal completes, so they have no incentive to spin this out, but every incentive to complete a deal - but it has to be one that TMOR shareholders will approve (75% of the TMOR votes cast required):-
4th Mar 2022 7:00 am RNS First day of dealings
" ... No ongoing director salaries - The Company's directors will receive no salaries or consultancy fees; compensation will only be received by way of a success fee on the completion of an acquisition approved by shareholders. ..."
https://www.lse.co.uk/rns/TMOR/first-day-of-dealings-ksvo8psg7tcb0np.html
"From the ashes of disaster grow the roses of success": from TMOR's current sub-cash valuation, the right deal could give a very good return from this level.
What are your thoughts here hedgehog do you think the current BOD are capable of striking a fair deal?
I can't see them stepping down but surely want this to work.
An RTO is simply an alternative way to float on the stock market, and some of the world's largest companies have come to market via this route.
Including WPP, current market cap. c. ÂŁ8.076 billion:-
" ... WPP plc is a British multinational communications, advertising, public relations, technology, and commerce holding company headquartered in London, England. It was the world's largest advertising company, as of 2019.[4] WPP plc owns many companies, which include advertising, public relations, media, and market research networks such as AKQA, BCW, CMI Media Group, Essence Global, Finsbury, Grey, Hill+Knowlton Strategies, Mindshare, Ogilvy, Wavemaker, Wunderman Thompson, and VMLY&R. It is one of the "Big Four" agency companies, alongside Publicis, The Interpublic Group of Companies, and Omnicom Group.[5] WPP has a primary listing on the London Stock Exchange, and is a constituent of the FTSE 100 Index.[6]
On 14 April 2018, Martin Sorrell retired 33 years after founding the company. Roberto Quarta is chairman.[7] Mark Read is CEO.[8]
History
The company was founded as Wire and Plastic Products plc to manufacture wire shopping baskets in 1971. In 1985 Martin Sorrell and Preston Rabl,[9] searching for a listed company through which to build a worldwide marketing services company, bought a controlling stake.[10][11] ..."
https://en.wikipedia.org/wiki/WPP_plc
Started: Hedgehog100, 31 Jul 2023 17:55
Last post: Hedgehog100, 31 Jul 2023 17:55
31st Jul 2023 5:32 pm RNS Half-year Report
"Unaudited interim results for the period ended 30 April 2023
More Acquisitions plc ("More Acquisitions", "More" or "the Company"), is pleased to announce its unaudited interim results for the six months ended 30 April 2023 ("the Period").
Financial:
• The Company recorded a loss of £360,481 and had cash balances of £782,250 at the end of the period on 30 April 2023.
Post Period:
• The search for a suitable acquisition target resumed following the withdrawal of Megasteel Limited from the proposed RTO.
The Interim Report will shortly be available to view on the Company's website http://www.moreacquisitions.co.uk/ ...
As laid out in the prospectus, the directors will receive no cash fees for their ordinary duties prior to completion of an acquisition. This policy, together with keeping other operating costs to a minimum, is designed to reserve the highest possible proportion of cash resources for investment in an acquired business and therefore helping to maximise the return on investment for all shareholders.
The company continues to search for an acquisition target and will be providing further updates concerning the acquisition search process in due course. ..."
https://www.lse.co.uk/rns/TMOR/half-year-report-gs1irn4ah5cwmv7.html
Started: Hedgehog100, 28 May 2022 13:37
Last post: Iknownuffin, 24 Jul 2023 17:02
Noisy today ….@DDS_DocHoliday
Last week's exciting RTO news from NZI (Net Zero Infrastructure Plc) shows the potential of shells in even challenging stock market conditions.
And NZI is quite a similar shell to TMOR.
PROPOSED ACQUISITION AND SUSPENSION OF LISTING
19/05/2022
"NZI, a special purpose acquisition company formed with the intention to acquire renewable or clean energy
technology companies and to finance, develop and promote those environmentally sound projects
internationally, is pleased to confirm that it has signed a non-binding letter of intent (“LOI”) to acquire the
entire issued share capital of Taylor Construction Plant Limited and Solar Highways Limited (“TCP” or “the
Target”). TCP is a UK based infrastructure services business, for a combination of cash consideration and
new shares in the Company (the "Proposed Transaction"). The Proposed Transaction, if completed, and
an associated proposed placing of shares by the Company, details of which will be announced in due
course, would result in the shareholders of the Target having a significant minority interest in the enlarged
group.
The principal activity of TCP is the supply and hire of specialist equipment to UK infrastructure and
construction contractors. TCP is transitioning its existing business from diesel-powered to zero emission
equipment powered by hydrogen and other renewable sources. This is carbon neutral at the point of use
and offers customers an alternative to the use of diesel across a wide range of market applications,
including in construction, events, film, and temporary power. The Target is profitable and includes as its
customers a number of leading participants in the infrastructure services market. ..."
file:///C:/Users/adult_int/Downloads/NZI_Suspension_RNS-Final_CLEAN-190522.pdf
https://nziplc.com/rns-news-headlines-2/
From TMOR's website:
"Our focus will be investing in a business or businesses which are developing and/or supporting the energy transition, which is the global energy sector’s shift from fossil-based systems of energy to renewable sources, such as wind and solar and lithium-ion batteries."
http://www.moreacquisitions.co.uk/
Started: Tonypeters, 9 Jul 2023 12:58
Last post: Korriban, 19 Jul 2023 13:41
Unfortunately the directors are hell bent on staying on. They couldn't give a toss about retail investors & are pathological with the truth.
The shell MCI changed two of its three directors in March.
And then earlier this month it unveiled an attractive potential RTO deal, combined with a completed placing at nearly double its pre-existing s.p.
So if TMOR's directors can be replaced by people who could very potentially do better (& at the moment the bar is set pretty low), then that should surely make sense to all sensible, independent shareholders.
7th Jul 2023 4:12 pm PRN Potential acquisition of near-term Lithium production asset
" ... Medcaw has today raised gross proceeds of ÂŁ400,000 at 8p per share ("New Ordinary Shares") through an equity placement to various high net worth and institutional investors introduced by GIS Global Investment Strategy ("GIS") ("Placement"). The Company has therefore allotted and issued a total of 5,000,000 new Ordinary Shares in the Company. ..."
https://www.lse.co.uk/rns/MCI/potential-acquisition-of-near-term-lithium-production-asset-3abtddio02ebwe2.html
Only a fool (apart from the directors) would have been happy, Barry5.
For RM to attempt to get a ÂŁ100K. bonus, for selling TMOR to Megasteel for over ÂŁ100K. less than TMOR's cash, was clearly very self-serving, and not in the interests of TMOR shareholders as a whole.
Now at just 0.55p TMOR is trading at below its current level of cash, which is very unusual for a shell.
And if an exciting new 'shellmeister' becomes involved in an undervalued shell as a director &/or shareholder, this typically results in a good rerating upwards.
So base-jumper you're happy with what's been going on at the company and how the directors conducted themselves during the latter stages of the Megasteel negotiations when, within a month, we were asked to accept that the value of our shares would reduce by 75%. BOD couldn't bring it home so why not have new directors who can.
Oh and by the way, the Cowboy is not in charge but simply another shareholder, albeit a relatively large and vocal one. He is not putting himself up for office , merely putting forward names of suitably qualified individuals who I hope will be voted in at the forthcoming EGM
Watching this circus is like a good season of East Enders. great entertainment in an otherwise sÂŁ!te market
Started: Hedgehog100, 28 Jun 2023 20:40
Last post: Hedgehog100, 7 Jul 2023 16:54
Not dissimilar events to TMOR at BIDS at the moment:-
"Posted on July 5, 2023 by staff
Activist shareholder bids to oust Bidstack directors
An activist shareholder at Bidstack Group plc has tabled a resolution to remove chief strategy officer Lisa Hau and non-exec Glen Calvert as directors of the in-game advertising platform.
The company’s share price has dropped from £2.78 just prior to the start of this year to between 80 and 90p in the last few days.
Nicholas Hargrave (pictured), founder and CEO of equity investment business Moulton Harrox – which has been vocal in its criticism of the Bidstack board for months – is behind the move to oust Hau and Calvert.
Shareholders representing 5.25% of the issued share capital of the company have sent a total of nine letters to the board requesting that it convene a general meeting to consider resolutions to remove Calvert and Hau and to appoint Hargrave as a director. ..."
https://businesscloud.co.uk/news/activist-shareholder-bids-to-oust-bidstack-directors/
Only six more trading days left before the AGM now.
It will be interesting to see if anyone buys more shares just beforehand, in order to increase their voting rights.
Especially considering what great value TMOR looks at the 0.525p level.
At just 0.525p TMOR is now trading at well below its cash level, and looks a real buy opportunity.
You would think that a RTO could easily be priced at a penny or more, which could be a nice doubler from the current level.
And any positive news and the s.p. could rebound very strongly from this level.
Started: TheGroup, 15 Jun 2023 10:47
Last post: polkadotdoor, 28 Jun 2023 16:07
Can put you in touch if you'd like. Let me know how to reach you.
Your response highlighted that your out your depth and can add no useful advice
MoreActivist@outlook.com
Try there
Can anyone direct my friend on who needs to be appointed or spoken to about a possibility of a raise and merger to fund an expansion. He has 120mill worth of orders over a 3 year contract and has an operating profit of 35%.
Pipeline for ÂŁ300mill additional orders in the manufacturing industry. Please can someone point me in best direction
Started: barnard, 1 Jun 2023 20:10
Last post: Drillspark, 2 Jun 2023 10:33
he bought to appease shareholders, the guy is a serial liar, manipulator, con-man….i could go on and on , look at his past company achievements, nothing apart from enriching himself and ******* over shareholders.
He probably bought in order to booster the ranks of those who are opposed to the upcoming No Confidence motion.
Mixed feelings about that buy. Shows he believes in the company and the opportunity which could arise, but also I'd want to see the back of him after the latest carry on regarding Megasteel wanting to trouser 100k getting the deal over the line but shafting shareholders at .5p
Who knows why he bought..let's hope it's for the right reasons.
Started: Tonypeters, 2 Jun 2023 08:32
Last post: Tonypeters, 2 Jun 2023 08:32
31st May 2023
https://www.megasteel.co.uk/news