I wasn't worried about the rights. £26 mill at 40.85 is around a 12 per cent of the total cap. I don't think EPO would have secured that price if the results were set to be disappointing. Particularly as Oppenheimer took most of the offer. I also think the growth momentum behind EPO will show in the results and the extra cash will drive global expansion. So all generally good. Which makes it odd that there's clearly a biggish seller around dropping quite chunky parcels off at down to 40p. But I guess it's better they do that before the results not after. If the seller is cleared out then the results should drive the price up. I'm targetting 50p this year then see how the story goes.
RE: More heavy selling
Related to the further 26 million they have raised/needed? What do you think? I cant imagine the results being great if they need another 26 million.
More heavy selling
£500k dumped at 40p today. Not good! I always get a bit nervous when heavy selling goes on just before results. Hopefully this clears some dead wood out of the way and the results will draw in some more bullish investors.
I'm guessing around end of Oct.
Anyone know when the annual results are out? The initial trading update said sometime in October. Otherwise EPO is drifting back to test 40p. The results promise to be pretty good and the post close update should be optimistic too. Hopefully that will start us back up to 50p which is at least where EPO belongs.
16 Sep '14
RE: for jdjones
Barclays tsockbrokers will sell them for you. You will have to send them the certificate, and the commission charge may be £25
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