Accounting fudge | Derisory offers
The latest news from AIM covered here features another low-ball offer for an AIM company (to add to numerous others). Updates elsewhere include encouraging news from a construction materials distributor and a mixed update from one company where the accounting treatment needs some explaining – we have done our best below.
Kape shareholders receive another derisory offer. Shareholders in Kape Technologies (AIM:KAPE), the digital security software provider, are pondering over another derisory offer from the company’s main shareholder Unikmind Holdings. Isle of Man incorporated Unikmind, which is wholly-owned by Teddy Sagi, controls approximately 54.8% of shares. The current offer price of 285p per share is a modest 11% premium to the share price last week and only 7.5% up on the share price back in September 2022 when it raised $222m in support of acquisitions. Perhaps Unikmind should change its name to Unkind! Lok’nStore: accounting fudge Lok'nStore (AIM:LOKN), the fast-growing self-storage…