Home › Forums › BIG Forum (Bacanora Investors Group) › what happens if Gangeng get to 75% and delist Bacanora shares?
Tagged: Corporate Action
David Harris.Please note
Shareholders who do not accept Ganfeng’s offer should note that, if Bacanora delists, as now seems likely:
It may not be possible to trade their shares
Gangfeng may close their offer to acquire your shares at the stated price (though they would have to give notice of this)
Should Gangfeng achieve 75% control, they can pass any resolutions they wish and minority shareholders have no practical say in the conduct of the business or its financing.
There is no obligation on Gangfeng to pay dividends
Hence the value of unlisted shares held would become uncertain.
You can hold unquoted shares in a SIPP, so long as the platform allows it.
The ISA legislation does not allow unquoted shares to be held in an ISA.
…going, going, Gone!!! – had cash credited to my account: 10/02/2022 – end of the story…?
| Group description: | This group is open to all levels of investor and is particularly popular because it meets after working hours in central London. The meeting usually has a presentation or group discussion on aspects of investing and also runs a Buys & Sells session which gives everyone the chance to see what the other group members are buying or selling and why. |
| Meeting Type/Venue: | The venue is near Victoria Station in a pub where the group also enjoy a meal from a typical pub menu. |
| Meeting Frequency/Timing: | This group meets in the evening in London. It is a face to face group that meets every third Tuesday in the month from 6.30pm to 9pm. |
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| Meeting Type/Venue: | As a specialist group with a wide geographic spread of members, our meetings are held on zoom. |
| Meeting Frequency/Timing: | Meetings are monthly and are held on the third Tuesday in the month from 11-12.30PM. |
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| Meeting Type/Venue: | The group meets at a venue in Waterloo, London. |
| Meeting Frequency/Timing: | Meetings are from 11.00 until 16.30 and at two month intervals. |
| Group description: | This group was set up as a forum to discuss companies in detail, each company is introduced by a member and discussion may last one or two hours. Membership is by invitation only. |
| Meeting Type/Venue: | The group meets at a venue in Waterloo, London. |
| Meeting Frequency/Timing: | Meetings are from 11.00 until 16.30 and at two month intervals. |
| Group description: | A group that welcomes investors with all levels of experience. We aim to provide a friendly north-eastern welcome to anyone that wishes to join, share their knowledge of investing and benefit from others’ knowledge and experience.
The group discusses a range of investment related topics. |
| Meeting Type/Venue: | Currently, we’re meeting in-person at a venue in Durham. |
| Meeting Frequency/Timing: | Meetings occur monthly, on weekday evenings from 7pm-9pm. We may vary this, according to demand from group members. |
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| Meeting Type/Venue: | Zoom. |
| Meeting Frequency/Timing: | Monthly on Saturdays at 10am. |
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| Meeting Frequency/Timing: | Meetings are in-person, monthly on the 4th Tuesday of the month at 7pm. Typical meetings last 2 to 2.5 hours. |
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Some members lean towards a buy and hold approach whilst others trade more frequently, some use technical analysis methods, others use fundamentals or a combination. Discussions cover companies predominantly listed on the London Stock Exchange, including small AIM stocks, but investments in other countries are sometimes included. Investment trusts, exchange traded funds, bonds and some other financial instruments are included. Economic issues as they relate to investing are discussed for those who adopt a top down approach. Additionally, experience of different investing software and information sources provides good insights into what members find works well for them. If an investment related subject is of interest to the majority of the group then it is included, such as government budget announcements, pensions and inheritance tax etc. |
| Meeting Type/Venue: | Pre Covid we had face to face meetings once a month in a pub for a 3 hour session just a few miles to the west of Cambridge during an evening. Covid forced a change to video conferencing for meetings. These meetings remain monthly but are split into two shorter sessions, they normally take place on the first and second Thursday of each month. From 2023 at least two meetings during the year will be face to face.
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| Meeting Frequency/Timing: | Monthly, usually on the first and second Thursday of each month from 7pm. Any face to face meetings will also be on a Thursday at 7pm. |
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| Meeting Type/Venue: | Our meetings are held on Zoom, although we are all based around London so try to meet centrally for lunch from time to time. |
| Meeting Frequency/Timing: | We meet every 2 months, generally midweek at 10.30am. |
| Group description: | The group is open to more experienced and established investors who are active traders in shares, bonds and other investment vehicles. All present members are “mature” individuals but this would not preclude younger experienced investors.
At present there is an interest within the group in AIM shares with a view to inheritance tax planning but this is not in preclusion to other interests, REITs, Investment Trusts, Property etc. |
| Meeting Type/Venue: | Meetings take place in person at private houses mainly in the north Leeds area. On occasion, especially in the summer, meetings may be held in members’ houses elsewhere in the general area.
At each meeting the members outline their recent activity and its relevance to their overall investment goals. Current fiscal events and economic conditions are discussed. |
| Meeting Frequency/Timing: | The group meets each month on a working day determined at the end of the preceding meeting.
The meetings commence at 10:30 am and continue until around 1:00 to 1:30 pm. |
| Group description: | A small group covering Dorset and South Hampshire.
We enjoy wide ranging discussions sharing views and knowledge on all investing types. We discuss relevant world events, sectors of interest, unit and investment trusts and individual equities. The group has been running for many years and members are all active investors. New members welcome. |
| Meeting Type/Venue: | Monthly meeting alternating between Zoom and Face to Face. The latter is in a local pub near the New Forest. All the meetings of recent years have taken place in the evening. |
| Meeting Frequency/Timing: | Monthly during the evening, 7pm-9pm. |
| Group description: | Meeting once a month, our group covers a variety of investment styles. We also have an active WhatsApp group and we welcome new members. |
| Meeting Type/Venue: | Physical meetings at a venue in Preston, Hitchin, SG4. |
| Meeting Frequency/Timing: | Monthly on a Saturday at 10am (usually the last Saturday of the month). |
| Group description: | Experienced investors who have been members many years and newer members wanting to learn about investing. Members discuss portfolio content and reasons why they have certain assets and investments. Buys and sells discussed along with interesting shares being considered along with current issues in the market of local or international influence. |
| Meeting Type/Venue: | Physical face to face meetings held in a central pub in Easton in Gordano. |
| Meeting Frequency/Timing: | Usually monthly to 6 weekly, mid week 12 noon to 2pm with lunch. |
| Group description: | We are a relatively small group, but have a wide range of interests so always start every meeting with a discussion about world issues and the “investing environment” generally. We always discuss individual members market activity and any interesting opportunities on their watchlists. There is currently a lot of expertise in the small cap value area of the market within the group. |
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| Meeting Type/Venue: | Prior to Covid all monthly meetings were at a west London golf club, close to an underground station, where we had a one course lunch prior to our meetings in a private room. Since Covid all meetings have been via video and some new members have joined who are too far from west London to meet face to face. However, it is intended that future meetings will be both in person and via video link. |
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| Meeting Type/Venue: | In-person at a Golf Club in Belfast. |
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| Meeting Type/Venue: | Online |
| Meeting Frequency/Timing: | The National Group meets monthly, on a weekday evening. |
| Group description: | We welcome anyone interested in investments regardless of their level of knowledge and experience. |
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| Meeting Frequency/Timing: | Monthly – 3rd Wednesday of each month at 18:00 (except January, where the meeting will be held at lunch time). |
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| Meeting Type/Venue: | Following Covid, this group hasn’t yet reconvened at their previously regular meeting venue which is in a private room within a west London golf club. In the meantime, meetings are held via videoconferencing. Part of the reason is that some members have moved away and some prefer meeting in person. So our aim is to recruit new members to ensure a continued regular in person meeting. |
| Meeting Frequency/Timing: | Meetings are held on the second Wednesday of each month in the afternoons, following a golf club one course lunch for our in-person meetings. |
| Group description: | We are a friendly social group welcoming investors with all levels of experience. Our membership varies between those with little or no knowledge of investing to those who live off their investing or their portfolios. We do not invest as a group so there is no money on the table, and we never discuss individual worth; we simply discuss and share investing ideas, we analyse the state of the market, individual stocks, funds, trusts, bonds etc., and we invite contributions from all group members. Guest speakers and company presentations are a regular feature, as is the SIGnet competition and also our own long-term Manchester Portfolio. We invite members to volunteer presentations from time to time on particular topics of their interest / expertise. At each meeting members are asked to share their latest or potential buying and selling activity. Our face-to-face meetings are punctuated by a lunch break, and for those with the time there is socialising and drinks afterwards. Most of all we learn from each other. |
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| Meeting Frequency/Timing: | Meets bi-monthly, 10am-3pm on Monday mornings, usually mid-month. |
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| Meeting Type/Venue: | Remotely via Zoom on Saturdays on a bi-monthly basis, on dates collectively agreed by all group members. |
| Meeting Frequency/Timing: | Bi-monthly. |
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| Meeting Type/Venue: | Physical meetings at a central London venue |
| Meeting Frequency/Timing: | Meets bi-monthly, 11am-4pm on a weekday |
