Sorry if these are dumb questions but I don't fully grasp how a placing would work (and reading a few google results hasn't helped)
If the sp is let's say 60p, sxx says to those lined up "you can buy X amount of shares at a discounted price at let's say 40p." (To raise the 400 million)
What does the share price open at after the placing is complete?(roughly). is it higher than the 40p? If so do the investors sell straight away making a profit? Is it a no lose situation for those that take up the placing?
What do you mean SL? They were exercised last week and announced via RNS. They were admitted to trade on 25th July. They are now 100% issued shares and tradable as such. There is no further announcement due on these!
So many transformative bits of news to come in the next 3 months: - The debt agreement - A strategic partner and investor - the placing at a decent price which will be oversubscribed - Institutional investors coming on board - start of construction - movement out of AIM
Each of these will move the SP up. Start of the J curve.
The 6 million share listing will now have been active for 4 days at a vesting price of 19.5p. These shares are a cracking buy so whats the delay in the yanks exercising them or if they have then whats the delay in the co announcing that they've been exercised I wonder. They expire on the 12th Aug, no hurry for now I don't suppose. Are the Yanks waiting on something happening before the 12th??? Not long to wait.
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.