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not sure about 'more savvy' but I note they did state they are only "considering" an equity raise. more than likely a done deal however now that they've put it out there, I suspect the temporary medical leave of the Group CFO can't be helping with the decision and implementation of that one.
I watch and wait with interest
Does anyone know when the placing is likely to be to raise additional funds to reduce the debt significantly? I strongly suspect the price to be nearer 15p so there is still another 10p price drop expected in my mind. What do other more savvy investors than me think?
The company needs to secure working capital in order to keep suppliers at bay and there is no more scope for debt. So management needs to reach out to existing institutional investors to fund further share capital. the face value of the ordinary shares is 10p. I think the share offering needs to be around 15p to make it worthwhile for institutional investors to put more skin in the game to benefit from the upside and make good the loss in share price from 100p.
So I will wait for the share price to fall to 15p before I put a buy order in.
I have been following management on this company and they are getting their **** together. A lot depends on the funding. I will bide my time and make a move once I know their is a high upside
Equity Fundraise = dilution. I don't know how you can get into such a mess repairing a few boilers. You would have thought it was a licence to print money.
Still interested in a turnaround story but I'll wait:
"considering an equity fund raise in the short term to provide additional resources in order to reduce overall indebtedness"
Huge loss to £8m, revenues ugly also.
Grossly overvalued and I hope a few followed the short call at 50p. Staying short this one - it’s got much lower to go
Janet Copolo retains 2,886,396 shares (7.2%) and is subject to a hard lock-in agreement prohibiting sale until 3rd September 2019. Considering her family sold most of their shares then this could be quite a drag on the price should she now decide to sell.
From the recent trading update:
"Bilby now anticipates releasing its financial results for the year ended 31 March 2019 in early September 2019"
I'm not currently in but I'm interested as I've done well out of this share in the past and I feel this fall might be overdone, stretching "early September" however so my interest is waning as this doesn't augur well for a good news outcome
Short stay racking up the gains .
Valuation remains daft and entry a risk given state of balance sheet
Good job if you took heed when the price was 50p
Short from 49p delivering.
The price here remains obsene
Shorting makes absolute sense at these very toppy prices. Grossly overvalued
Shorters opportunity coming up here
The steady upward progress at BILB continues on an almost daily basis.
shhh !!!
of the same tmrw pls Bilby; no spikes, no ramps, no P&D, just steady daily rises hereon...:D
Free float must be low. Moves quickly. Tightly held core II's?
I had to FOK
Was NT to buy
Lol, not on this occasion......they're both upper ones so Im happy to fall into either..........:)
Mind the gap ;)
What a numptie! Just realised not posted chart from last week here:
Recent PA not included....dyor etc
https://imgur.com/22TMR4Q
GLA....though obv'y just speaking to meself.....as per.......:)
...and Quiet.........
Hehe :)
~50%+ from lows of ~3wk ago with further rises (immho) to come and yet still under the radar
Slow and steady ...........:)
GL to you too :)
Not the most interesting Co. in the world but as long as it goes up....................:)
Fingers crossed atm gla