Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Looks like BGF Investments took a load of the placing - they now have 15.5%, or 10.56m shares:
Https://www.investegate.co.uk/inspiration-health--ihc-/rns/tr1-notification/202007071203502814S/
Good to see the directors buying almost £40,000 of shares too, including the CFO taking a maiden stake:
Https://www.investegate.co.uk/inspiration-health/rns/director-pdmr-dealings/202007070904272487S/
Money taken out of my account for subscribed shares plus also the extras I applied for - this was before the result of todays GM and Open Offer. Doesn't mean I will get all I requested for as share offer oversubscribed so will be scaled back. Hopefully will find out before tomorrow and will get refund if my total request isn't met. Positive news regardless and I expect after a bit of profit taking, that this share is primed to move into the 70-80p band without any further price slippage.. GLA Rich
Agree, very confusing. Money seems to have been taken out of my account so hopefully I have received the full amount applied for.
Fundraising approved - and the Open Offer oversubscribed. Hope I got a decent allocation....
Https://www.investegate.co.uk/inspiration-health--ihc-/rns/results-of-general-meeting---open-offer/202007061308311528S/
All resolutions passed and OO over subscribed, but confusing as it states including the excess share applications, so still can't work out how many were OO applications and how many were excess applications, to work out pro rata on the excess. Shame they couldn't have issued shares for all applications and got themselves another £90k in the bank.
3 x 25k sells this morning have fed the MMs and reason why the offer is at 68p.
Mind you, giving the seller a very good price on each trade.....
Yes I had problems with my ISAs as had to fund them to buy the OO shares and can only fund one stocks and shares ISA in one year. My SIPP, well that was a disaster, put money in and then got told 5 days to clear, phoned my provider and was too late for the IHC OO, but said it would clear the next day after IHC OO closed and so I thought I could use for the SHI OO, however that day passed as did Thursday and Friday and so I missed that Offer too. It's alright though because it has cleared this morning...Grrrr
Asked for additional shares as well.
Hopefully pick up a few as small shareholders might not be bothered and others with holdings in ISAs might not have the spare cash some .
Good to see the buys coming in at the moment, EGM must be over with only two attendees allowed, so await the RNS and the allocation of OO shares, I applied for more but will see if I get anything...Took 10k at 68p (delayed) just in case I didn't get anything extra.
Not used to these things. I'm being offered 90 shares, but the broker has a fee of £20, so I would lose out if I just got 90. I would need to apply for a lot more, which I may not get. I like the company, including the proposed acquisition, but am pretty new to it so without exceptional circumstances I would not normally top up so quickly. Is this one? I expect the price to rise, otherwise I wouldn't be in here same as all of us, but if the the market expectation as good as mine the price would be higher. Plus I wonder if the price will dip after the raise and acquisition by which time - if it happens - I will be more familiar with the company. If it doesn't fall, well, I will still be happy!
So it's a stick for me, as it stands, but you're welcome to show me the error of my ways/thinking.
There should be no trading charge. If unsure, check with your broker
No, that's perfect thanks. Will a trading charge be applied? I'm only entitled to another 50 shares and it doesn't seem worth it if I'm going to be charged £11.95
HI Mobily, yes go to your share account holder. You should have a corporate action flag, for you to respond to. It will give you details of the proposal and then you can add your choices. The default is no action, i.e. you are not taking up the offer. Then you can choose to take up the offer 1 share for 50 already owned at 65p. You can also choose more shares - choose quantity requested also at 65p. Your account will be deducted of the funds and then you will receive your subscripted shares + any other shares available up to the total amount you requested. If you don't get all the shares requested, then the difference in money will be refunded. Its a really simple process, sorry if I'm teaching you to suck eggs here! Rich
I own shares via HL, would I need to go to HL to make my options?
You can also apply for more shares at 65p. You may be lucky and get some or all of these, depending on how many PIs take up the offer. For me its a no brainer - you can get more shares at 65p, which should immediately be worth more! Good luck, whatever you decide to do. Rich
I've just taken up my subscription at 65p and requested more. This share is well undervalued at current market price 69p. Too many traders jumped in when the ventillators were sourced, expecting quick profits. They have now moved on and share price should gradually move up to 100p IMO. Strong growth and high demand for medical items isn't going to slow down, anytime soon ; non negotiable items for neonatal babies in ICU; project wave potential in USA. Enhanced reputation with NHS buyers during CV19. I'm expecting share price to move rapidly once the share subscription is filled. GLA holders Rich
Positive AGM statement this morning.
Its pretty straight forward. For every 50 shares you hold you can buy a new one for 65p which is about 4p cheaper than you can buy the shares in the market. You don't have to buy them hence why its called an option. You have until next Tuesday (30th) to make your election.
Anyone care to explain the options in the corporate action notification? First time i've been exposed to something like this so would be good to get more clarity
thanks in adance
"This is a significant step in the firm’s ambition to reach £100m revenue through organic growth and acquisitions, and the aim to become a global leader in neonatal intensive care equipment."
https://www.inspiration-healthcare.com/news/articles/inspiration-healthcare-is-to-acquire-sle-92
tinyurl.com/y8ppkol5
You can work out he next financials fairly easily - I worry that I am missing something. Looking to see impact of first acquisition whichnshoukd impact margins at same time exveptionals drop out.
I’m surprised by today’s muted response but I am hoping for a steady rise to a £1. I dropped in £5k this morning after reading the rns. Such a large raise at no discount basically, and they have acquired a profitable business by the looks of it. This is quite substantial news and you just have to read the recent RNS’s to see how much progress the current business Is making. GLA
The last set of results had a number of exceptions which should drop out on the next set.
The previous TO should improve margins - that company was a supplier.
NHS covid work not yet in figures. Estimate £4M + additional revenue. They are running a 24 hour help line that will also generate additional revenue
Now this one will create numerous synergies - Two of the most prominent companies in the neonatal space.
New products becoming increasingly important. Project Wave and the GDR genetic test are ground breaking and are aimed at significant infant numbers e.g 90000 neonates at £60 (GDR estimate) in the UK alone.
Have two TO under their belt - this one at virtually no discount. Management is trusted by both II and PIs - unusual for AIM
I'm surprised the SP didn't stay up. My own calcs are for 50% rise over next 12 months. Just run the numbers associated with all the above.