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Yes doesn't say how many though
Anyone notice the notification RNS that has appeared? Kilik & Co feeling like the future here is bright?
Pokerchips, thanks for confirming you received the open offer entitlement for shares bought 'on the placing day' (by which I assume you mean 4 May). You did well buying them at 30p, as the lowest price printed on LSE that day was 31p for a couple of small sells.
HL just confirmed my entitlement for shares bought on 4 May and subsequently sold on 5 May, which is as it should be. I find it hard to imagine anyone who has worked as a broker doesn't understand what matters for investors is holding at the point of going ex-entitlement (not record dates, settlement periods etc). A broker should be familiar with processing market claims for shares sold before the shares are marked 'ex'.
I don't suppose they'll be much appetite for the open offer. Anyone keen to buy additional shares will have surely bought cheaper in the market, albeit paying dealing costs (open offers don't have dealing costs). Plus, if you buy in the market you don't suffer the risk of being locked in for days between committing to buy and being able to sell.
I think you may have, as the Ex date was the 4th. AFAIK
No worries though, buy them cheeper on the open market. :)
Castle, didn't you buy in after the Ex date?
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?
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. "
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.
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.....
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!