Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

BOS Global still looking for a new nominated adviser

The board continues to seek ways to realise value from the current assets owned by the group, including its stake in Call Design
Office productivity
The directors of BOS consider that there is market potential to generate income from sales of the existing BOS Time product

Office productivity software firm BOS GLOBAL Holdings Ltd (LON:BOS) has not been able to secure a new nominated adviser (nomad) to replace RFC Ambrian.

Trading in the company’s shares will, therefore, remain suspended until such time as it finds a new nomad; if it fails to do so by March 8 its listing on AIM will be cancelled.

READ BOS Global completes acquisition of stake in Aussie software firm

The shares have been suspended since December 21 as the company has not been able to secure a sign-off from the auditors on its annual accounts because of concerns over its working capital and whether the business is, in stock market parlance, able to operate as a “going concern” over the next 12 months or so.

The directors of BOS consider that there is market potential to generate income from sales of the existing BOS Time product and, with an injection of working capital, make a positive contribution to the company.

The company intends to continue its strategy of business productivity software whilst assessing its 40% equity investment in Call Design.

The board continues to seek ways to realise value from the current assets owned by the group (including Call Design) in order to meet its obligations to its creditors and those owed entitlements, it said in a stock market statement on Wednesday.

It also cautioned that the company may end up being placed into administration if it cannot secure sufficient funding to meet  requirements.

View full BOS profile View Profile

BOS GLOBAL Holdings Timeline

January 09 2018

Related Articles

The glass facade of a high-rise building
June 11 2018
The analysts say the Canadian firm has a 'disruptive suite of solutions' for the real estate industry in North America
fda button
September 24 2018
Instem generated revenues of £10.5mln (H1 17: £10.3mln) in the opening six months of 2018, reporting a profit before tax of £0.1mln (H1 17: loss of £0.6mln)
Mergers & acquisitions - takeover
January 11 2018
"Vermeg's acquisition of Lombard Risk will create a leading global financial software provider," said Badreddine Ouali, founder and chairman of Vermeg

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use