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does it not say 30-1 at 7.5p in black and white RNS IF YES THERE NOTHING ELSE TO RESEARCH ON THOSE TERMS WE ALL OUT OF POCKET AM I CORRECT OR NOT THATS ALL I NEED A YES OR NO THANKS, OR WE MISSING SOMETHING? please correct us right if we wrong please do the maths for people to see.
Good grief guys, you should know that all shares in any PLC have a 'nominal value' this is not the same as the actual trading shareprice, please DYOR into the very basic principles of shares, it's astounding that you invest in any company's shares with an apparent lack of the basics. Sheps. Sheps.
that's how I read it too, how can they offer 1 new share at 7.5p for every 30 we be well out of pocket
The value of our shares should remain the same. However EMED say for every 30 shares we will receive 1 new ordinary share value 7.5 pence. For value to remained the same then new shares should be 120p? Somebody please correct me and tell me I’ve got it all wrong? For what it’s worth I’ve been involved in 3 past consolidations and none have ended well.
A consolidation was always on the cards and makes no difference really to the value of your holdings. However a further future share placing would be much easier to achieve with a higher value sp while reducing the damage of dilution. Because of the off take agreements sewing up alot of the future production they may be planning big expansion of the mine or even aquiring assets elsewhere, especially now they have some big names on the board. Something to think about!
Needs to bounce then I'm back in I did catch some of that action on the other share thank you for your reply bigbaddaz I certainly hope you get all your wishes granted with emed we all know this share is worth a lot more. infrastructure deposits and I will certainly be investing in emed have a nice weekend mate
27 Mar 2015 BUY EMED LSE 7,000 3.33 245.25 20TYY5L I got to laugh at this. just been checking by sells vs buys over last 8 months and look what popped up says I bought 7,000 at 3.33 WHAT A LOAD OF CRAP. THIS S@P NEVER BEEN TO 3.33 LOWEST I EVER SEEN WAS 3.50
Have u ever written a positive post in your lifetime ?
Not much choice but to do just that?
need to average down few more times 3.85 pls come mon Lol
The process by which a company changes the structure of its share capital by reducing the number of shares it has in issue and increasing the par value of each. For instance, a company with 100,000,000 shares in issue having a nominal value of 10p might consolidate on a 1-for-10 basis, reducing the number of shares to 10,000,000 and changing the nominal value to £1. As a shareholder, the number of shares you own would be reduced, their nominal value would rise to compensate, and the market price of the shares should also rise to reflect the greater 'ownership' which each share represents in the company. Note that a consolidation is the opposite of a scrip issue, in which the number of shares rises, and their nominal value and market price falls
Consolidation of share capital and amendment to the Articles At the EGM, the Directors are inviting Shareholders to approve a Resolution which will authorise the Consolidation. The share capital of the Company will be re-organised by consolidating all of the issued and unissued Existing Ordinary Shares into ordinary shares of 7.5 pence on the basis of one New Ordinary Share for every 30 Existing Ordinary Shares, such shares having the same rights and being subject to the same restrictions (save as to nominal value) as the Existing Ordinary Shares as set out in the Articles.
will we be worse off after consolidation? I read we going to consolidate at 7.5p ?
or consolidation news ?
Emed are in production now, currently running 24/7 on all lines. Yesterday 9 full wagons left site. Small scale on ramp up currently producing at half tag capacity. Alberto still calls it commissioning but it is commercial production. They will meet steady state 5 mtpa throughput well before the January guidance. It could be as early as November. The trucks are there for all to see and whilst a stockpile of course and fine ore is building on site the concentrate is moved quite quickly once samples are through the lab.
1 SHARE = 4P POST CONSOLIDATION 1 SHARE = £1.20 Your holding - say you had 30 shares at 4p, you now have 1 share at £1.20 Market Cap of company remains the same, £140.02m according to this site.
you've got 10 five pound notes and you change them for a fifty pound note - simple as that, same value, nothing changes except you now have 1 piece of paper instead of 10. The market in general perceives that the higher the share price, the better the company. Usually gives the shares further to fall though. Harry Kane is God - come on you Spurs ! Regards
Can anyone please explain in layman's terms what exactly has taken place in regards to our existing shares?
Thanks for further explanations.
Took this from TSI Network daily.. "Stock splits and consolidations are a minor stock market trading detail. Don’t let them distract you from more important matters, such as a company’s fundamental value and how well it suits your investment objectives." Well the fundamentals havnt changed and hopefully soon to be in production, therefore can only take it at face value of the company trying to make the price more attractive. Just hope the price does not slide after consolidation!!. Best of luck all FD
thats correct, unfortunately it always seems easier for shorters and MM's to drop a share from £1 than it would be from 3.75p. Its also seems easier to issue more shares after a consolidation to raise finance at a lower issue price. This is despite nothing changing mathematically, as market cap obviously remains the same... It was alluded to recently that we may wish to expand too soon, before were even generating good profit! such finance has to come from somewhere in some form. in theory we should be fine as we have major backing
Ace08 always said they would go to a £1..... in a perverse way he was right!
They want to reduce the ridiculous number of issued shares & move us away from being perceived asa rubbish Aim penny mining share.The value,in theory ,should remain the same,but I am sure that The Board are hoping that,post consolidation,our SP strenthens as it will hopefully be viewed more favorable by the Market
Share price is currently 3.75p so your 30 shares are worth £1.125....so after consolidation your 1 share at that value is equivalent to your old holding of 30 shares at the old price....The market cap of company remains the same if that makes more sense....