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20p and ill be over the moon 🌙
If all goes to plan and I expect a lot of hype and excitement on this one I would think it will open around the 10p but push up around the 20p through the day,then probably drop back a little that's what I am hoping for anyway
Demolition123, being valued at £300m will offer us no help as Redwood shareholders would not except £50m worth of equity for a business valued at £300m.
To open at 20p Redwood would have to sell at £50m and then be worth £500m, it's never going to happen.
Now, as a leak revealed a controversial central bank digital dollar could be closer than thought, Wall Street giant JPMorgan has suddenly changed its tune on bitcoin and crypto exchange Coinbase thanks to the arrival of institutional "fomo." Could it be same for the pound ?
I hope they still got the license only reason I stayed in here,probably why everyone has stayed in as well ? Hope your wrong on that
Demolition123 - I don't think they still have the licence, do they? They did a CVA of their subsidiaries, I think
As said its to do with the licence and possibilities
Ps just realised I hold just under 1% of the company 🫣
It's how there going to utilize the crypto license with there current buisness model as everything is going digital,with bitcoin making big advances it's looking very exciting
But the company doesn't have anything to do with Crypto anymore? They sold all of their bitcoin. And didn't JR's associates pile in before and then the share price crashed
Quite possible this could be valued at 300 million plus all going digital combined with cryptocurrency so possible this could open at 20p plus when it relist does it not ? Definitely think investors will take a punt here,I bet the the big boys Johnathan associates with pile in on this,one to watch as could relist earlier than planned if everything goes to plan,as they will want to ride the high of bitcoin
The BOD really did waste the original mode business. It was very poorly managed and they will need to do quite a lot of work to get back any credibility I think. I'm really surprised this is still going
No gone
Is Rita still involved?
Crober33 the RNS says a minimum of £50m, if they convince themselves it is worth £300m it's not going to be agreed at £50m.
I'm not sure how anyone could value Redwood at £300m when Metrobank is only valued at £233m.
On a good day I can't see the market cap exceeding £100m but could be as low as £20m once the dust settles.
It's fun to speculate
Either way I believe anyone in or below cureent price will do well
Or you could argue that it is in his best interests to say that given that he knows how many people and past investors have lost money in MODE and he needs to try and keep them onside.
He's never going to come out with negative or low expectations is he when there is money on the line for him and his city mates.
Still pointless to speculate, imo as there is little to nothing to go on, so anyone's guess is as good as the next one's at this stage.
I will be happy with any gain from here given I wrote this off long time ago, so anything above the suspension price will be a bonus
gla
JR does seem very confident of vocal that mode/r8 will improve and there is no reason for him to post this kind of stuff unless true / he believes it will happen. Giving he is the main share holder in both company's that's a good sign in my book....
Its a straight swap so mode take a 2.5mil cut off the 50mil valuation at listing of Redwood bank. Redwood bank is off books valued at varying prices where you look, say 300million is what happens on listing of redwood (possible). Would be a 6x gain on mode/shares in it so im right in saying its good that redwood is listing at 50million as no one has valued it that low so it should create the instant rise . maybe why JR reposted this tweet.....
https://twitter.com/moneyroots1234/status/1693736946617500041?t=7IRi0w5zy8UjnfWm7yjBVw&s=19
Crober33 agree if they mentioned crypto today it would explode but the latest hype may be over by June.
This issue if Redwoods valuation goes up is they may ask for more equity which would mean we end up with even less. Increased valuations before the merger do us no favours.
Last year - and they have grown since
In this, Lynton Green (Deputy Chief Executive & Director of Corporate Services) stated that Redwood Bank is now valued at £120 million.
They just have to mention crypto and looking into it for it to explode imho
With bitcoin rising like it is this could be something special,I think there be a lot of positivity and interest here and could open up at any price been a long wait but could be worth the waiting
Crober33, I don't see how it is possible.
To give Redwood £50m worth of shares they need to issue them, lets say they issue them at todays market price (no premium or discount scenario).
If they wanted to give the R8 shareholders a bigger share, lets say double then the Redwood purchase would no longer be £50m it would be £25m.
***en39, valuation seems in line with what i'd expect shares may peak at 4 or 5p but then may drop once the dust settles