Whats going on with AAA shares

happyhero

Hi, I do a bit of investing in shares and I have bought shares in a company that is currently suspended from trading. I have money trapped in this share now. Suspending trading is ok but there doesn't seem to be any time scales of when something will change and I can trade in it again, can anybody tell me more or clarify anything about whats going on?

The company is All Active Asset Capital Limited (AAA)

Surely out of respect for it's investors if for no other reason they should let you know what and when with this type of thing.

I'm particularly interested in when I can sell the shares.

Any info/help appreciated.

lozzy1965

AAA announces that the Company's ordinary shares have been suspended from trading, pending the provision of further information on the Company's investments in AAQUA B.V and MESH Holdings plc and the Company's indirect interest in Sentiance NV.

Trading in the Company's ordinary shares was suspended with effect from 3.20 p.m. today and trading will remain suspended pending a further announcement being made by the Company.

For further information:

All Active Asset Capital Limited

James Normand, Non-Executive Chairman

Rodger Sargent, Executive Director

www.aaacap.com

Allenby Capital Limited (Nominated Adviser and Broker)

Alex Brearley / Nick Athanas

T: +44 (0) 203 328 5656

www.allenbycapital.com

Buchanan (Financial PR)

Richard Oldworth / Chris Lane / Toto Berger

T: +44 (0) 207 466 5000

E: AAAC@buchanan.uk.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

george4064

I’m sure they are frantically working to put together a formal announcement to explain what’s going on. 

No point rushing an announcement out on the same day and it ending up being wrongly/poorly worded. 

Thrugelmir

happyhero said:

Surely out of respect for it's investors if for no other reason they should let you know what and when with this type of thing.

Buying individual shares comes with it's risks. In particular AIM companies where regulation isn't as demanding. Unexpected suspensions don't normally result in good outcomes. Headquartered in Thailand is a red flag in itself. 

Sorcerer2018

So it's likely that something is wrong with one of the underlying investments, all you can do it keep a eye out on the news feeds to wait for an official announcement. This could be weeks / months depending on what the issue is. But yes in general it's not a good sign when shares get suspended, if they do resume, the share price might take a big hit, if it turns out something serious is wrong.

happyhero

Apologies if reviving my thread is wrong but there's been updates and I'm concerned what's going to happen. I have money invested in AAA and I have just received a message from the broker that AAA shares have been delisted from the AIM index and so can no longer be kept in my ISA and so they will be moved into my non-ISA account. I accept this but I also have some in my SIPP and drawdown SIPP which can't be moved and they've sent me a different message for these saying they will be difficult to trade/sell, what does that mean, surely either you can or you can't trade, how can it be difficult?

Should I now sell all if I get an opportunity, to me it all looks a bit negative and like I should sell and run if possible or am I reading it wrong?

The question I feel is will I actually be able to sell them at all?

Thrugelmir

Appears that there maybe an option next week.

https://aaacap.com/buy-and-sell-aaa-shares/

Steve182

Stockopedia says this security is involved in a takeover situation.

happyhero

Does that mean I will be able to sell them ok?

Steve182

I'm no expert in takeovers, but if that's what's happening you may have no choice but to sell the shares, at the price that's been offered and accepted in the takeover deal. 

Others may be able to offer better advice on this.

lozzy1965

Takeovers normally result in you acquiring new stock in the company that is taking over, or cash as they automatically buy your shares.  The details will come out (or already be) in the takeover documentation.