From the 16th May strategy update: " San Leon is seeking to raise a minimum of $200 million via a placing of equity at a targeted price of 105 pence per ordinary share of San Leon (approximately a 261% premium to the price at suspension of 29.125 pence)." The San Leon team believed that they had every chance of getting their massive placing away at 105p just a few months ago. That's the fair value for shares with a 19% yield plus all the other cash generative opportunities. 45p is a bargain in a buyers' market designed to ensure a smooth, sweet ride for the institutions that have climbed on board. Positive re rating on the way.
Yes of course Halftwit, why would you think anything else?
I am also looking forward to a post from you that contains more that a few words, try ones that have substance regarding the company I am invested in. Perhaps a few more sentences with more than five words in each. Try to write about the company and all its success over the years.
You can start with why you, as a long term shareholder, never ever have a complaint about a company that you have held shares in that have seen a real fall of 1000% or more approx since you bought them.
I always have wondered why you dont mind, are you so rich you can throw good money away, in handfuls, year after year after year?
You remind me of the half dozen or more posters that have, shall we say, decided not to post anymore. Although admin may have decided for them, who knows.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.