Yes Aphrodite I believe you are correct with regard to the open offer. Personally I invested after that date and also see this as a long term hold. I expect PINN to follow a similar path to CTP where I have a large holding. This I hope will be another profitable buy and build of course. I also planned to come in after the enevitable placing.
hi aphrodite, i think you are correct. if agreed the new shares will come onto the market around 11th feb ( private investors will get their shares probably swiftly if with hg or may have to wait longer if with barclays, ig, ii etc. i think this will work out well in the long run and i will be deciding if and when a good time to buy, usually after the shares are released into the market.
i guess many were buying today to be part of the open offer, it bit like when coms announced their one. i guess the price will now drop rather quickly day by day. usually good time to buy at some point after the dilution has taken place. remember the big boys get their oo shares to play with before the brokers release their ones to the pi, hope it works out for all though.
I have waited for this placing and bought my first tranche today.
Surprised at a placing below 6.5 and the speed at which the price returned to the 9p. mark. Have no idea what investors may make of the price now, but should it retrace I shall buy more. There appears to be substantial investor interest to this point, and a benchmark may now have been set.
Investing on the basis of MXCPs now 25%, and their proven turnaround, buy and build, and M and A expertise in the sector.
I see this as a long term opportunity at this price, but of course time will tell.
Well done to those who took profits over 15p on the spike , however an exit now at around 9p is still likely to be preferential to what might be achieved in a week or twos time. All the best, whatever you decide.
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