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No, cant see the need for another print. In the last 2 weeks, ten of my old City trader/broker mates have bought in following my FB post on the company. They see it as option money which is the way to encourage new buyers at this level. Wish I was still in the market, I would push the **** out of this idea.
Ah, okay. I forgot your history. Cheers.
Guess it was a sizeable trade in one go.
Will there be a corresponding trade for the purchaser or no need as they were transfered?
Lottie. That's scandalous behaviour.......MMs making quick profit at shareholders expense, really!
Fat finger...as for the other 9m shares, I would think the MM kept them and has unloaded this morning at a tidy profit. It's what we used to do.
Take it? You can have my pount, Lottie. I'm not using it any more. ;)
I've re-calculated using the newest total issue of 3,838,556,535
Another slight reduction in percentages.
Oryx and Harwood....3.04% with 116,666,667
Spreadex....................3.27% ........ 125,500,000
Killik & Co...................4.21%........161,411,590
Crux .......................... 7.82%.........300,000,000
Allianz Global............8.86%.........340,000,000
Lombard ....................9.12%.........350,000,000
And still nothing on those missing 606,421,693 from the placing. Can only assume they were divided between others, but below the 3% declaration point. Even though on the day it was said that the placing had gone to six seperate ii's.
I appreciate he will be chair of the group but I focused on H & W as his past in cemented in Shipping and Defence Industries. Given the cancellation of the £1bn support ship contract in November, I feel this will be a big news item post EU when these 3 ships can be built in the UK without the need to invite European builders...but I take your pount
or put the £250k back in the bank and leaving the rest to make money?
Lost in the spread? :)
Si- the sale this morning equals £250k all but a few pence. not sure how it works but it did equal the loan.
JW should ask BoJo for an advance and he can take it out the divorce deal.
He's not just a new H&W boss, as such. He's the new chairman of the company over all it's constituent parts. Just sayin' :)
"Discussions are currently ongoing with the Investors (Riverfort) with a view to amortising this Loan over a longer period."
Does this mean we're not shot of them yet, unless something better comes along? Or we pay them off with a different loan.
The trade this am was for 89,285,714 but the RNS states the loan was converted to 98,193,244. Leaving 8,907,530..... ?
This new issue puts at least one TR1 closed to going under the 3% declaration point.
or the EU come up with what is owed!
Having sold 254m newly created shares in exchange for the £700k debt owed, the dilution is equivalent to a rights issue. The remaining £555k debt is payable on 14th Feb. It is not freely convertible BUT if it is not repaid on that or an extension granted, a further 200m newly created shares will need to hit the market. Let's hope the new H & W boss starts Monday with a flourish!
This is fantastic news. The institution, if one of the significant holders, will have to declare increased holding. However, the balance of the loan (£555k) falls due mid Feb. It does not have debt/equity rights like the previous loan conversions. The slow SP slide should now be reversed, with accretive behaviour into the new H & W boss and ML decision.
Somebody is confident to take 250 k
and an existing shareholder has purchased them already :-)
So thats it all converted, bye bye riverfort hopefully...
Chrisatrdg,
Steady on, "back" into profit is somewhat revisionist...!
Based on todays SP rise can we now safely say the SP bubble has finally burst & that with this weeks AGM we can all start moving back into profit.Its been a long wait but not long now hopefully.
The SP gaining traction at last. Riverfort selling out. ML public consultation reaching conclusion Feb 7th. New Chairman about to take the helm on Feb 1st. Can only see upside from here.......
Whats that in English?
I'd you reckon it's going to be decent the small point is nothing .
spread is very tight to enable MM's to mask trades- very cunning!
my available funds come thursday, I said it would go up so I missed the .29! Doh