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Redt Energy Share Chat (RED)



Share Price: 1.35Bid: 1.30Ask: 1.40Change: 0.00 (0.00%)No Movement on Redt Energy
Spread: 0.10Spread as %: 7.69%Open: 1.35High: 1.35Low: 1.35Yesterday’s Close: 1.35


Share Discussion for Redt Energy


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graham-wales
Posts: 36,323
Opinion:No Opinion
Price:1.825
RE: Share admission
12 Apr '19
What is the mimimum they have to announce a holding is it 5 or 3% cant remember.
 
dougal66
Posts: 22,889
Opinion:No Opinion
Price:1.825
RE: Share admission
12 Apr '19
Sold all c50m shares? If so certainly not in the market. So leaves an alternative scenario- another party
graham-wales
Posts: 36,323
Opinion:No Opinion
Price:1.825
RE: Share admission
12 Apr '19
Have they sold them as no holding announcement.
dougal66
Posts: 22,889
Opinion:No Opinion
Price:1.825
RE: Share admission
12 Apr '19
VSA didn’t subscribe for c 5.5% revised issued on a whim
RyeSloan
Posts: 510
Opinion:No Opinion
Price:1.875
RE: Share admission
12 Apr '19
Ach well fair enough. Not sure why but I expected a confirm RNS rather than leaving it as ‘expected’.
dougal66
Posts: 22,889
Opinion:No Opinion
Price:1.875
RE: Share admission
12 Apr '19
We have already been told the Placing and Open Offer have been fully subscribed
dougal66
Posts: 22,889
Opinion:No Opinion
Price:1.875
RE: Share admission
12 Apr '19
I know RED is Jersey based so different rules apply but the Strategic Review cannot last forever!
graham-wales
Posts: 36,323
Opinion:No Opinion
Price:1.875
RE: Share admission
12 Apr '19
They have already said, why would they issue another RNS.

It is expected that the Admission of the 113,031,304 Open Offer Shares and of the 47,000,000 Placing Shares will become effective at 8.00 a.m. on Wednesday, 10 April 2019.

The Company has conditionally raised approximately £0.94 million (before expenses) through the issue of the Placing Shares at the Issue Price, which represents a discount of 44.8 per cent. to the closing middle market price of 3.63 pence per Ordinary Share on 13 March 2019, being the last practicable date prior to the announcement of the Fundraising, and a 61.9 per cent. discount to the average share price during the 90 days prior to 13 March 2019. Following the issue of the Placing Shares, the enlarged ordinary share capital of the Company will be 838,219,132 Ordinary Shares. Following the issue of the Open Offer Shares (assuming full take-up under the Open Offer), the enlarged ordinary share capital of the Company will be 951,250,436 Ordinary Shares. The newly issued Ordinary Shares from the Placing and the Open Offer will represent 16.82 per cent. of the Company's issued share capital immediately following Admission (assuming full take-up under the Open Offer).
James2708
Posts: 62
Opinion:No Opinion
Price:1.875
RE: Share admission
12 Apr '19
Well my open offer turned into shares late in the day on the planned date of the 10th. Curious to see the thin trading and decline in the share price. Did most of the open offer shares go to a strategic investor? On the 10th I was offered a higher price to sell than to buy within a period of one minute at under 2p. I am waiting for the holding RNS'es which surely should be there in the next few days.
RyeSloan
Posts: 510
Opinion:No Opinion
Price:1.95
Share admission
12 Apr '19
From what I can see the placing shares have still not be admitted to the exchange. Certainly no RNS to say so which strikes me a bit odd.
dougal66
Posts: 22,889
Opinion:No Opinion
Price:1.95
RE: Not much trading
11 Apr '19
Suspicion the Strategic Review is now more advanced:
1) VSA subscribed for c93% of the Placing Shares @2p
2) The Open Offer fully subscribed @2p
3) VSA also subscribed for c9.5m OO shares
4) VSA now has c5.5% revised issued. (For who?)
Very
Morgank
Posts: 471
Opinion:No Opinion
Price:1.95
Not much trading
11 Apr '19
Low volume since fund raise complete
dougal66
Posts: 22,889
Opinion:No Opinion
Price:1.95
RE: General Meeting
11 Apr '19
Thanks.Missed that
mjb606
Posts: 41
Opinion:No Opinion
Price:1.95
RE: General Meeting
11 Apr '19
There was an RNS at 1.11pm on April 9th: "Result of General Meeting" that states that the resolution was passed
dougal66
Posts: 22,889
Opinion:No Opinion
Price:1.95
General Meeting
11 Apr '19
Confirmation of Resolution outcome due still
James2708
Posts: 62
Opinion:No Opinion
Price:1.95
RE: No Holding RNS
10 Apr '19
At the time of writing the new significant holding information has been updated. If it is mostly correct, none of Schroders, Alchemy and Payar Investments took part in the open offer or placing to the extent that they have all reduced holdings in the company as far as I can see. Information sourced on the redt website. I think that their holdings have all decreased but please correct me if I am wrong. The directors details on shareholdings are incorrect with respect to O Brien for example as he has a higher percentage of shares than is displayed as of writing, his holding is similar to Kenna's. So who took up the bulk of the shares in the fund raise? I guess as others have said, it will take a few days for the holdings motivations to appear on RNS's as they should do. As the British Steel Pension fund never seemed to declare they were no longer holding the 5 percent stake who knows what will happen though?
dougal66
Posts: 22,889
Opinion:No Opinion
Price:1.95
RE: No Holding RNS
10 Apr '19
This is a TSE (Trade Sale Exit) of sorts. Not a Buyout- the BoD and the 3 very significant shareholders would not dream of selling out at this sp
dougal66
Posts: 22,889
Opinion:No Opinion
Price:1.95
RE: No Holding RNS
10 Apr '19
Of course the Placing Shares are/have been sold and churned into the market All 43.45m of them doh
Mikemine
Posts: 766
Opinion:No Opinion
Price:1.95
RE: No Holding RNS
10 Apr '19
Why would you buy at 2p and sell below 2p all within 24hours or so? In the last placing we had to wait a few days for the owners of the shares to declare their %. Don't know what is going on but it looks like its the usual "sell on the news' but someone has been buying lots over the last few days. My money is on stake building but I have absolutely on evidence to support me.
graham-wales
Posts: 36,323
Opinion:No Opinion
Price:1.95
No Holding RNS
10 Apr '19
Which suggests the placing shares are getting sold or have been sold already.
dougal66
Posts: 22,889
Opinion:No Opinion
Price:1.95
RE: There’s a shocker
10 Apr '19
1 April 2019 RNS . London Stock Exchange site. I know it is tricky for some to navigate there
jodrell13
Posts: 55
Opinion:Buy
Price:1.95
opinion
10 Apr '19
Dougal , do you write children s stories , and make them up as you go along, really silly comments do nothing to endear you to the other PIs
Mikemine
Posts: 766
Opinion:No Opinion
Price:1.95
RE: There’s a shocker
10 Apr '19
Dougal, where are you getting your information from. Looks like a stake building exercise for someone.
yellowf1
Posts: 158
Opinion:No Opinion
Price:2.075
RE: T/O worries
10 Apr '19
Here's what happens IMO.
Deal has already been agreed with BOD.
Drive the price down so the past 30 days average is low, then make an offer 20-30% above 30 day avg price.
It only benefits PI's that bought in form 1-2p range.
dougal66
Posts: 22,889
Opinion:No Opinion
Price:2.125
Placing, OO, Excess Shares
10 Apr '19
Thought these were coming onto the market @ 8am today? No RNS yet




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