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put your skates on and go other wise you will be burnt badly... still not to late as this is only going one way... even people who bought around 102 sold some all ready and they been bought... HALIFAX now NT to buy at 118... 125-130 close... 250-300 will come give it 2-3 weeks
Mtro went to 900 plus after the placing... watch this... this went down to around 300... within 3 months 5 plus then 10 plus... I don't expect 10 but yes 5-6 could be reached...
Think If I bought shares for example at 4 pounds now got placing shares at 100 How can I be in profit and Why would I sell? You are trying hard but want work.... Run if you are a short as 130 coming today and then 150 tomorrow...
let them take 10 percent profits from 103 buys.... we all know where this going... 120 could be broken today and glad to see sells going through while low... remember all those who bought around 5,8,10 want be selling they will actually grabbing more.... shares in circulation are not more then we had before placings... REASON is all placing shares are in hands of existing holders... only few shares will be available which were sold last few weeks buy week HOLDERS.... but they will be snatched as they come ....
Rising nicely. The spread has narrowed. 11% up so far.
Most shares will be in sticky hands as lot people are in here from high 10's ,8's all saying here people will flick placing shares was Rubbish... Placing shares were for existing holders and they want be selling under may be 4-5 or even HIGHER as there average will be still lot HIGHER.... OCTOPUS all ready sold there shares so want see any down side from here but should be above 150 very soon... GL
ART hold your shares... this will be above 150 by next week and August this will be well above 250...
NT to buy now and I've tried 3 brokers and none have any stock. That's unusual because IG always have stock though if it's NT with other brokers then it always costs a premium. Right now there is none though. £1.0681 to sell.
£428k late printed trade.
10k, 50k, 10k, 30k, 15k x 4 trades all at £1.07 & all AT trades.
I want be surprised to see this close BLUE...
Almost every trade is being logged as AT - so all Institutional trades and very little involvement from PI's.
no I'm not sure they are, sp has done what I expexted in advance in that it's dropped to the placing price, open offer buyers were probably hoping to flip those for 10% on open and now that's not going to happen. I'm with btfaith I think this will probably be quite flat for a while so there might be an opportunity under the placing price, but I can't see anything due that will propel this forward yet
Lot people are waiting for tomorrow... I don't see much downside... https://www.morningstar.co.uk/uk/news/AN_1563184876240955100/staffline-group-completes-open-offer-aspect-of-key-fundraise.aspx this will REVERSE... I seen this RISE BEFORE and this will move quick... day is not over yet... should see DIRECTORS buys soon...
I can't see why the share price is down at all today with that huge demand for Excess Allocation shares. That is crazy. An open offer would be considered a failure if there is a 20%, 30%, 40% uptake and a good success with an uptake as high as 80%/90% but this is a huge over demand of 184%.
There's nothing to stop the shareholders who didn't get their excess shares at £1.00 from buying at slightly over £1.00.
Just looking at the figures and there are only around 200,000 to 250,000 shares traded here on an average day - and that includes both buys and sells.
The RNS earlier today said "The Open Offer closed for receipt of applications at 11.00 a.m. on 12 July 2019. The Company received valid applications from Qualifying Shareholders in respect of 12,820,866 Open Offer Shares, including applications under the Excess Application Facility. This represents approximately 184 per cent. of the maximum of 6,986,097 Open Offer Shares available under the Open Offer. Admission of the Open Offer Shares is subject to passing the relevant Resolutions at the General Meeting."
Obviously a certain % of existing holders would have elected not to participate for various reasons, one always being no funds available, so in reality the oversubscription was far higher than 184%.
STAF are still only going to issue the original allocation of 6,986,097 open offer shares. Now I assume that the applications for the Excess Application needed to be accompanied by the cash which will duly be returned and at that point it is quite likely that these shareholders will look at the sums and decide that while they could not get any more shares than they were allocated at £1 there is not a lot of difference between paying £1 and £1.038p - the current buy price. If this happens then there will be a large buying demand as there were at least applications for 5.8 million shares and with only 225,000 traded on an average day that could push the share price up considerably.
Thoughts anyone.
Full funded and tiny mil based on revenue and growth prospects these should be much higher