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I must be a gambler as also have shares in REVB although I could have taken large profit, I chose to leave most in shares during the suspension outcome. Keeps the gambling buzz alive but can come at an expensive loss. Need to get back to boring dividend stocks, but an addiction is so hard to control.
NMC. That one was a very close call for me and luckily bailed out day before it was suspended with a small profit. Could also have lost a very large amount but initially bought in believing that the corruption wasn`t true. Have lost out in this one as sold this week at a small loss and this is very similar scenario to NMC despite the Company refuting the claims against it accounting. Wont be back in here again but sincerely hope that all is good and Company can move on. I do believe that Viceroy have some truth here though so be careful.
I think what He is trying to say is that BOO have bought more shares off-market and that if the outcome of the audit warrants administration, then BOO could make a lower offer before admin took place for the remaining shares in issue. Cant say that this is the case here as nobody is aware of the audit outcome and believe that BOO have bought more knowing that the Company is a valuable asset for them to increase their sales. There are also other funds holding REVB who would have a say in the matter. Just need to get this audit signed off but suspect it wont be while after the Xmas trading period when figures should look a lot brighter.
"The investment reflects Boohoo's belief in the growth potential of Revolution Beauty and it intends to be a supportive stakeholder and long-term partner." LATEST NEWS !!!! New CEO Bob Holt has bought 5% of the Groups share issue knowing that the Group will be going into administation next week. Bob said " I thought I could turn the Group around, but the banks have been very naughty".
Works out at 17.9p per share if cost are not included so any offer would have to be at premium to make it worthwhile for buyer. Would expect any offer to be at 30p minumum excluding current trading year 22/23 results. I`ll settle for a 50p offer.....
Is it a positive losing £ 40 million on initial investment ? Positive in that it has been bought by another II given the suspension, but the buyer must know what the issue are and have gone ahead and bought in for £ 5 mill. Hopefully it is been bought for BOO or even another interested buyer like THG. Maybe an offer coming before REVB is back trading but at what price ? All entertaining as long as a reasonable offer is made.
Good point. Hope He dosn`t sell them immediately. Just need that RNS to explain exactly what has gone on for 2 founding members to resign. Jump or pushed ? They must have had previous returns accepted before IPO so what exactly has gone on after the IPO ? Hopefully a slapped wrist will suffice to close this issue as both have now resigned lucrative positions in a Compant they founded.
Forgot about that. That leaves Minto with nearly 16% of the share issue then and would be looking to sell them I assume when suspension closes. Really hope that this relates to historical issues. Can also see short term pain; Lets hope BOO buy even more shares when/if trading resumes. I believe that the City was aware of issues before suspension but BOO still bought in. Be glad to see the end of this scenario and wished I had take profits now.
Very good point there and hope that this stays the case until suspension closed. Looks like the main culprit has gone for the sake of the Company but what has He done to warrant this without the CFO also knowing? They have bothed worked together for a number of years before the IPO. Baffling one is this....I initially thought that they had overpriced the Company at IPO but this would have involved the CFO so cant even think what else has happened. Company appears to be trading well now so hope this relates to an historical matter.
Also believe that this investigation relates to pre-IPO and that the Company was knowingly valued too high. This means initial punters paid too much and is an internal issue hence the immediate resignation and probable future director ban. 30p~55p takeover offer suits me.
This one is wiping out any gains on others I make with sell off continuing. Cant see anything to turn it around at moment so stuck with it unless I sell & make substancial loss. More II buys required but there seems to be a continuous seller here in small amounts to keep off radar. FFS need some good news....
Going to be diluted more than the sewage pumped into our rivers so would wait for the s**t to hit the fan before taking a plunge here.