Well a few more eggs in my basket at just under 20p, brings my average cost up marginally but that's my lot now, probably a bit over exposed with the vast majority of my portfolio in PIM but confident it's going to be more than worth it in the next 6 to 12 months
Fingers crossed it continues to tick up as it has done for the last 24-36 hours
Did anyone attend the recent open day ? It would be interesting to hear of any additional information that may have been furnished on attendees but I seem to recall from an announcement (or sub comment within one) that they stated additional company info and/or results would not be covered on the day and that it appeared to be strictly a tour around the facilities and nothing more - this might explain the prior statements regarding Brazil and Investors
Well guys and gals - I believe this is the last chance to pick stock up sub 20p for the forseeable future hopefully, IMHO I think it will start ticking up again from today after the short term profit seekers have jumped ship after the recent drop !
Placing price is well above current level with Fidelity who are no fly-by-night operator. Bayer crop science also a huge name - nothing to worry about here IMO. S/p will come back up soon enough - probably some PIs panic selling to capture profits already made (fair enough, but I think real upside is yet to come).
I truly hope so - getting rather frustrating with the boom and bust scenario with PIM over the last 5-6 years, everytime we appear to be getting somewhere they issue disappointing results and subsequently need to fundraise (sometimes at significant discount) thereby diluting the shares and putting us back to square !
Fingers crossed this time, with Brazil, they will actually come through and become self-sufficient and finally become profitable !
Not happy with the placing-based drop either (shame - PIM has always been a rather unvolatile share in my portfolio until this!) but like you happy to sit here for Brazil story to unfold - I reckon it will be 6 months to a year before we see what should be some transformational income coming through. Worth the wait.
The Board of Plant Impact are delighted to announce that the Company has completed a subscription,subject only to Admission (as defined below), to raise £854,225 (before expenses) from the issue of 3,635,000 new ordinary shares in the Company ("Ordinary Shares") at a price of 23.5p per Ordinary Share (the "Subscription") to FIL Investments International ("Fidelity"). Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 26 July 2013 ("Admission").......
Brazil will enable speedier results to offset the dilution...lets hope so Going forward...
As expected but a little sooner than anticipated ! Hopefully this direct 'investment' in Brazil will enable speedier results to offset the dilution - at least they were not issued at a significant discount so not materially affecting the SP for the existing shareholders so far
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