NEN 0.00% 22.0¢ neon capital ltd

Thank for replying and I have no reason to think they won't act...

  1. 88 Posts.
    lightbulb Created with Sketch. 1
    Thank for replying and I have no reason to think they won't act in all shareholders best interest. Have spoken to Company Secretary (Amanda) and she sounded strait up.
    I am based in NZ so little harder to contact the company given the 4-5hour time difference.

    Some numbers below as I see the final washup at delisting- any errors or omissions are mine. According to me Evolworld average entry price is around 35c against cash value of 39c- doubt they distribute as the holding cost would be greater than the payout. Worst option is the simply do wealth transfer over time from non Evolworld shareholders to Evolworld by inappropriate salaries, fees etc or buy an investment from associated party that is not at arms length(I have no reason to suspect or believe this would happen)
    Hold with another party little over 550,000 NEN shares so am just a little bit interested on how things go.

    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7
    0 Action or event   Date Shares Price/Value Buyback Total NEN Value
    1 On Issue Prior to buyback 2/12/2016 52,201,221 0.375   $ 19,575,458
    2 Shares bought back to and price 22/02/2017 4,793,664   $ 0.2200 $ 1,054,606
    3 Shares that will be in issue after buyback   47,407,557 $ 0.3907   $ 18,520,852
    4              
    5              
    6              
    7              
    8              
    9   Evolworld stake build in NEN        
    10   Action Date Buyin Date Number Shares Cost % of Total Total Cost
    11   Initial stake 3/09/2014 55,300,000 0.033 10% $ 1,824,900
    12   On Market 15/09/2014 55,000,000 0.035 20% $ 1,925,000
    13   Buy offer 9/04/2015 106,000,000 0.038 37% $ 4,028,000
    14       216,300,000 0.036 37% $ 7,777,900
    15   Evolworld share number after 10:1 consolidation      
    16   New Evolworld holding   21,630,000 $ 0.36   $ 7,777,900
    17   On Market buys   1,610,378 $ 0.25   $ 402,595
    18   Buys shares on market 2/12/2016 23,240,378 $ -   $ -
    19   No. of shares held by Evolworld 23,240,378 0.352 0% $ 8,180,495
    20   Current Evolworld share of Neon 49.02%      
    21   Delisted for awhile and relisted as Listed Investment Company (LIC)    
    22   Upon relisting 6/04/2016 Relisted on ASX    
    23   Shares consolidated on basis of 1 new share for 10 existing      
    24     13/01/2016 522,007,968 10   52,200,797
    25              
    26   Evolworld stake and the option of acquiring other shareholders value in NEN
    27   Current Evolworld share of Neon 23,240,378 $ 0.3907   $ 9,079,388
    28   Value held by Non Evolworld 24,167,179 $ 0.3907   $ 9,441,464
 
watchlist Created with Sketch. Add NEN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.