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You have to accept that it is not a level playing feild when it comes to PI's and that the buy/sell data is just one of the smoke and mirrors tools that the market has to keep you second guessing.
They will always play it both ways to their advantage.
It's just the way things work.
On this occasion I think I am likely to take up my allocation and support the offer. Like probably many others, I feel too committed to sell now at a substantial loss. I don’t doubt that the enterprise will ultimately succeed in some shape or form going forward, there it is too much at stake politically for it to be permitted to fail. My principal concern is that JW has continually overstretched his ambitions and as such, at some point the enterprise may well run out of cash and fail. As shareholders we are then left with next to nothing as the assets come under new ownership and control, at a considerably knockdown price.
"...yet the heart of western democracy and the financial system deliberately deceives the little punters......."
I do love that statement....
Buy/sell flags are only guestimates as to the aggressive participant in the trade. It's often based on whether the trade is done above or below the mid price. You probably bought below mid, which could be a sign there's plenty of selling interest.
Is ten years enough patience, Bubble? :)
Agreed Tony. Why bother publicly printing or recording any transaction if it's not accurate......unless to deceive??! The banks have no problem keeping track of our debits and credits, yet the heart of western democracy and the financial system deliberately deceives the little punters.......
The book build is only for about £3.6 million - nothing really.... that must surely have been guaranteed from existing investors..... let alone anyone new
Pokerchips - forget all that.... you bought from a seller ! ..it is just a trade ... buyer buys..seller sells
I never quite understand how people have never figured that out, it's as if there is a conspiracy to keep the share price down buy not registering a buy for a few hundred quid/ few grand.
" And my purchase shown as a sale, and suspect others likewise wrongly called."
forget all that.... you bought from a seller ! ..it is just a trade ... buyer buys..seller sells
Roly - maybe more to the point, re RNS', is that in my understanding I don't think believe the Director's should be in possession of any 'market sensitive knowledge' whilst undertaking a placing. ie they should have disclosed all in the prospectus or prior.
Patience may well be a virtue.
But DAERA and Northern Irish politicians are beyond f'en useless.
Its no wonder companies would rather move production out of the UK when this shower of shy7 are unable to make a simple decision, with in essence is about salt going into the sea.
Mustn't be enough bungs in this one to get decision process speeded up.
And my purchase shown as a sale, and suspect others likewise wrongly called.
Si_Derman
I think you are creating a picture of insider dealing with regards to that path for the II's...and that is unlikely ..
They may well have been briefed on the fund raise..but..once they know..they cannot trade on that knowledge...and it would be pretty obvious..
I do wonder though if they short their own shares via a 3rd party to hedge against the placing drop...I have no idea if that is allowed as they are not actually trading their shares ..just having someone borrow shares and short on their behalf
Patience is a virtue
I bought into INFA back in Nov 2019 at what eventually came out as 30p and sold in Oct last year at a shade over 40p. Bought back in today at 31p as I hope the market reaction has pushed the price down too low. We will see....
Now that I have calmed down after what I can only describe as disappointment after yesterday's RNS, not in a fund raise but the manor and discount to the SP, I have two questions of which 1 has been raised here before, due to yesterday's RNS am I correct in saying that INFA cannot lodge a RNS that would effect the SP ie contract win/Marine licence decision until the fund raise complete and the new shares on the register? also as pointed out yesterday that INFA does not have sufficient capitalization on the books, does this mean a fundraise to support further contract wins, or cannot compete for larger contracts ? just my musings..........any thoughts ?
The timetable states today (5 May) for the result of the first placing to be announced - so not 'late' yet. However as has been said, the longer the delay the more the potential ii damage...
I thought that was only required once they had actually finished their "transactions".
Stand up be corrected.
Would it be to much to consider that said II's had been given the nod in advance. Thus allowing them to sell down their holdings. Pick up the same amount , cheeper. No TR1 required, as their percentage ends up the same.
Someone as been constantly selling.
To conspiratorial?
Mad that on this date last year the sp was at exactly the same place. Consolidation allowing.
The bookbuild for the acquisition of H&W took 5 hours to complete and was RNS'd the same day.
Same placing price of 30p but wasn't at a 25% discount to the current SP.
Granted, that was to buy a shipyard for peanuts as opposed to a 'performance bond' but looks like this raise has gone down about as well as the European Super League!
Looks like the Bonus decision is showing its effect. AIMHO
I don't give investment advice speedy, just echo the sentiment of bubble and others - why sell out now when things are just starting to get good?
Bookbuilds usually only take a few hours and the company hasn't released an RNS yet to confirm completion.
I wonder whether it is having trouble raising the required funds?
I'd have expected there to have been a confirmation of completion of the first placing by now. Discussions about ex dates are all a bit academic if the first admission doesn't happen on Friday?
The performance bond issues only gives more credence to my thoughts that some sort of liquidity event from the gas caverns is on the cards.of course their are grants available for specific contracts depending on what the sector the contract lies in.If infa were to fail , which incidentally I don't think it will (opinion only)a chance to rebuild our shipbuilding /infastructure and engineering will have been missed which won't look good on Boris and his Appledore cameo performance and whoever made the decision to award the H and W bid to infrastrata would have much egg on their face..Shareholders lose out again with this placing but it is an opportunity if funds allow to pick up more shares IF you believe it will succeed.