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Just my opinion, but I feel the earliest would be Q4 now.... and as likely 2021...
The process of IPO can be 6 to 9 months and whilst I can imagine a lot of preliminary work may be in place I feel the market instability and COVID wave two concerns will delay further.
Moved to Q3 I believe.
GL.
What's the ipo date
Surely with the Brandshield IPO being so close they are looking at a rise?
GL.
berniebassett, thanks very much for taking the time to respond.
Its a bit clearer to me now, if as you say they hold shares to trade in the normal way, but do they have to cover the CFD's with actual shares or are CFD's more like a bet on the direction of a share price and so no shares needed? and if this is the case I suppose we would not know how people are placing bets, which way they are betting, and how many are doing it?
Apologies if I have this totally wrong?
Thanks again. GLA.
A Spread betting business is an FCA authorised broker just like HL.
They have clients who wish to buy the underlying equity so trade as you would normally.
Spreadex also offer a Prime service which allows certain customers normally HNWI to trade on margin.
That means they can put up say £10,000 and are allowed to trade against that cash deposit (or asset value if they hold assets)
An Aim stock may only allow them to tarde say 3 to 1 so they could buy up to £30,000 worth of the shares against their £10,000 cash or assets.
A client could also trade a CFD (contract for difference) or an option (call to buy or put to sell/short) agst their deposit also.
In summary, a Spreadex just has clients who can trade long or short but in multiples of there assets and cash held.
Clearly Spreadex clients are buyers of TSI currently as the holding has gone up.
Hi all,
I've been investing for a while but have to admit I don't know why a spread betting company would buy shares in a company? Could anyone explain and if this is a good or bad development?
Thanks GLA