Bouleversee wrote:Thanks, PD, but it doesn't explain why dealings are still suspended. Have the revised accounts been published? ...
Not that I've seen, no. I don't think it is revised accounts we are awaiting. It is the Interim results for the six months to 31 May 2019 (which were originally to be released on 29 August 2019) that are outstanding.
I've seen your similar question a few times and I did look at AIM Rules for Companies the other day, to see how long they have to produce whatever it is they haven't filed (possibly only the full interims) before they'd be taken off AIM entirely but I failed in my mission.https://www.lseg.com/sites/default/files/content/documents/aim/2018/January/AIM_Rules_for_Companies_January_2018.pdf
is where I searched for keywords. In the days of TMF there were people who new the appropriate Rules. I'm not one of them.
All I saw was The Exchange will suspend AIM companies which are late in publishing their half-yearly report or their annual accounts, pursuant to rule 40.
on page 42. I didn't read the entirety but, as we know, they are suspended and all will come to light in due course.
I can't see any offer being made in the present circumstances so it is likely to drag on indefinitely.
I'm not convinced any offer would be dependent on an unaudited interim report.
Not long now until the year end!
When and if those full year Financial Statements are available, they should have the prior year adjustment talked about as long ago as 9 July 2019 here https://www.investegate.co.uk/eddie-stobart/rns/half-year-trading-update/201907090700088669E/
. I wouldn't be at all surprised if there are other PY adjustments, given the due diligence that is being undertaken by potentially interested parties and the review by the Group's auditors.
As before, I'm happy to wait.