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Cheers very much for your thoughts on the premium bonus. I think the general view is that going forward as the company progresses, the requirement for such things as a result of a placing will diminish.
Re the open offer, it's a bit of a double edged sword. I can buy below the issue price now, or take up the open offer and put money directly into the company thereby helping to reduce (or delay) a placing in the future. One helps the company and me (hopefully!)...the other just helps me. Decisions decisions. Have a great weekend all
Poleaxe
I am stunned..I just got a message from my broker....they have sent a message already about the share entitlement...even though it hasn't been voted on yet !! ..told me how much to have ready and how many I can buy !!!
I am also stunned that they are offering me shares from the ones I bought at 30p on the placing day....I am stunned...
You were right !!
I had absolutely no expectation to buy them at 30p "on the door" and then get a buy " 1 for 6 " coupon inside ...
Jeez
I had many a discussion with a buddy who worked at a broker and he laughed and told me ..no, no...the record date is set before they release the placing news ..you don't get to gate crash !!
But..there you have it...you were right
I do offer you an apology and wish to confirm immediately that it is so....Holy Moses ..
I feel like I have gate crashed a party in that sense .... it does seem odd..but there you go...
it seems anyone can have 30p shares......
There's hope
Marybr190,
Not feeling optimistic then?!
Intend to add sub 30p and take up open offer as well.
Bottom drawer stock for me and I am cramming it full. I will get my average down to sub 10p and then cram a few more in.
castle2012, if you plan on taking up the open offer, why not just buy cheaper in the market now?
Hi All - I think it is time to be positive & if I had the funds at these prices with the shares as 'Cheap as Chips' I would be BUYING.
castle2012
I dont know degiro but usually ....
you will get a message from your broker giving you all the details.....everything is there in the message as to how many shares you will be entitled to
The only thing you have to do..is message your broker by the date they give you and say you want to buy them....and then have the money available in your account..
They will do the rest....
and..you basically just sit tight and wait until the whole thing works through..
But we have to have the shareholder meeting first to accept the proposal..so nothing will happen quite yet..
"I was thinking the more you buy sub 30p, the less you're diluted by the 30p places. No hurry to buy here in case the second placing/open offer bombs."
Poleaxe
good point.....maybe they would actually prefer that anyway..given that it is only a 1 for 6 offer anyway
Fewer new shares created from the open offer AND buying existing shares instead could boost the price after...
The second placing has already happened as part of the book build ....but it is subject to shareholder approval which is very likely ...as some of the buyers will be the ones voting !!
Just now need the Open Offer and its approval
" Any proceeds raised from the Open Offer will be used for further capital expenditure and working capital and to improve the Company's balance sheet to tender on its pipeline of contract win opportunities. "
Nobby31, your post is an excellent one re JW and AR share purchases.
Personally I don't normally invest too much in AIM companies unless i see that the BoD have a reasonable stake in the company themselves. Infa is my exception so far. The BoD don't have the level of 'skin in the game' that I'd like to see, and I'm getting increasingly uncomfortable with this too.
Recently when JW and AR's £1million+ incomes were disclosed (as well as JW's few hundred grand for hiring us his boat), I put on here a fairly lengthy post that i supported this, and the reasons that i did. Do i still stand by that supportive post of what they received ? YES ! ! I very firmly do ! Infa were a one trick boom or bust pony with IM when they came to the company. They've transformed it now to one where the potential is scarily massive in my eyes.
Will i continue to stay invested here if i don't see some director share purchases ? Yes is the answer to that as i'm not going to miss out if/when this takes off. The 'however' though is that i will be substantially decreasing my holding if i don't. The percentage i decrease by, and my timescale to do this (if necessary) are figures I've already decided, and I will stick to.
On Infa Nobby, you have a lot more knowledge than the average Joe Public, and with your TR1 status, you obviously have direct contact with JW, AR and the board. I'm therefore taking it as fact when you say the BoD read these pages.
With that in mind, this message is to you JW, Arun and board ! !
Well done to where you have brought Infa to, but show us some confidence in this position yourselves please. With the holdings you have, It also in my eyes leaves you wide open to the doubters speculation that you are simply ‘strippers’, stripping out the income and bonuses here while you can, before moving on. A few more quid thrown in by yourselves would give some confidence going forward.
You say to Nobby about being in an ongoing ‘closed period’. I hope this has been the case to explain it, but is it the case ?
Finally guys. Will you buy shares based on what I post here ? Of course you won’t, I’m just a minnow with a few hundred thousand shares. Please do listen to your TR1 friend though, and a few other significant holders (who post here too). I speak with some of these other holders fairly regularly (as you do too), and there is strong discontent that your wallets have been closed for 12 months.
Could this concern or discontent spread to II’s, lending organisations, potential new customers, government decision makers, etc ?
I so so hope it doesn't ! !
I was thinking the more you buy sub 30p, the less you're diluted by the 30p places. No hurry to buy here in case the second placing/open offer bombs.
Sanderling,
I think many of the things the market needs ..require a LOT of resources , which the FCA currently doesn't have anywhere near enough of..
Crazy to take up OO when you can buy below!
Why dilute yourself at this level even more?
When they need more money they may be able to raise at a higher rate! Or not.....
It’s a tricky one Pokerchips- you are probably right, AIM is a bit wild west
I just wish the FCA would get their act together on issues like insider dealing and regulating share issue processes
Doesn't seem much point taking up the open offer, when you can buy in the market for 29.75p. Perhaps even lower soon. At least you don't have to worry about being 'diluted' by the 30p placees!
Sanderling
Apart from this particular share....
I sometimes wonder if it is a good thing letting private investors buy into AIM type shares....simply because ....many,many private investors..especially newbies of course have very, very little understanding about the way a company is financed.....the horror stories of people losing big money because they didn't understand Converted Loan Notes or what a placing was...or what might be required......FASTJET going from 4200p with few shares down to an eventual 0.02p with billions of them a prime example
The FCA are looking into people having to take a test before a broker will give them access to certain markets and products....AIM being one so I heard
..oh but once the market sensitive information is out and in the market...THEN they can
Pokerchips...so you think that every Director who holds shares in their company is guilty of insider trading?
sorry?..what on earth brought you to say that ??
I said/mean that sometimes we want Directors to buy shares ..and they are not doing so......but...if they have inside market sensitive information..they cannot do so..
Pokerchips...so you think that every Director who holds shares in their company is guilty of insider trading?
BOD tend to delegate....if anything the PA of the CEO may look in here...although ..probably just reports back that everyone is still arguing :-)
Razor, I think you are wrong on this- it is a very fair point that the Directors have chosen to be paid in salary (both around £1m) rather than shares.
This is a great growth story that is being ruined for ordinary investors by governance issues like remuneration and the cycle of dilutive placings
I think it may well be a case of Directors having inside information..that prevents them buying shares ...whether they wanted to or not..
The fact that they haven't means ..more often than not...they have market sensitive information....and given the constant goings on in different projects, financials etc....that doesn't seem an unreasonable likelihood ...
I don't care if they read it really. Your post said "some of the posters here are BOD". Posting is very different to reading, in case I also need to spell this out for some people here.
Then perhaps you could reconsider your presence on here.
The BOD read this Board
Lol Razor, I'm sure the bod don't read this bb...