First of all the shares are not free; they are being offered at £9/share, so it will cost you £36 to take up the offer of 4 shares (they will round down from 4.17 to 4). Spark are saying they would open their shares at £10/share but, of course they may decrease, increase or just stay where they are. If the selling price on day one is £10 you'll have made a 10% profit, minus charges etc. So, in terms of is it worth it only you will know that. If you don't take up the offer the shares will just get put into Spark's treasury (you don't get paid anything). Of course you can apply for more shares than those being allocated to you, but it's not guaranteed you'll get them. This is all explained in the offer so, please read it before making your decision. By the way, your 5000 shares will be consolidated on a 1:200 basis (25 shares after consolidation ) and will have an opening SP of £10/share. I guess you could add your allocation of 4 shares to your portfolio of 250 shares and just see how things go.
24 Jul '15
spk open offer
can someone please clarify if it is worth participating- i have 5000 spk shares valued currently at £218- if do participate, i will be entitled to 4.17 shares- so i am not sure what is one gaining with such a small number of shares- what will happen if i dont take the offer? The shares will lapse and what do i get paid? with thanks
24 Jul '15
Share consolidation - 'URGENT !!'
SPK pursuing new investment strategy partnering listed 'Gresham House', currently 265.50. 1 new share for 200 existing. Open offer entitlement 1 for 1200 held, at 10% discount ie £9 per share. Full info at: 'Spark Share News' above, then click 'Spark Alliance News', then click 'Director Dealings', 2nd item.
20 Jul '15
tipped this early June @ 4p - very nice rise and on the assumption it's not just a one-day spike, this could go well from here ...
17 Jun '15
RE: Spark holdings
Correcting date for performance related enhancement value of the Hollyport deal - delete: December 2014 insert; December 2015 My apologies
10 Jun '15
Re:Sale of IMO Shares - % whoops
NB. A similar value IMO sale cancellation on 4 June, for 2 June transaction . . . £2.771m, sale price 1.20
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