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sure...
don't forget the dinner
Your late prediction is fine, just bear in mind the last person with the submissions has to buy drinks for everyone the board as a rule .
Hi all, I'm new to this board... and is it OK for me to join in... my prediction is 91.5p for end of month...
John Storey will be in soon ;)
@willhi02 - I never noticed!!
Not the placing I expected, but it happened all the same (better than expected for sure).
Just waiting for my apology BB ;o)
No you dont
I don't think anybody is ramping this share that is why it is a pleasant board. You get the occasional negative person though.
My bad, I stand corrected. My prediction was 84p, thanks for jumping in Raharh!!
I wasn't saying anything negative about the placing in my post. I too have only been in this game for just over a year and have learned a lot, mostly the hard way but this stock has levelled me up which I am very grateful for.
As I say, nothing is set in stone just take each rise one at a time and don't see £10 per share as an absolute given.
Oh, ok, well I got £1.24 and 7days of trading left. So that's roughly a 65% increase (or a 165% for the maths purists out there). So that equates crudely to an 8% increase each day which is compounded. This is very doable based on what we've seen in the past week, though it'll get blown out of the water if OTC lands, then it's £1.50.
The above is just my opinion, and I'm not an expert, my prediction is based on what I've seen and learned thus far, and using that to inform my future SP prediction.
Rambino. It is 84p for Rico81.
So I only have been at ‘this game of investing’ since last March last year due to lockdown looming and have learnt a lot , and still learning! This is the first placing I have encountered where it has not been not at a discount and where the SP rise in the day. I can’t see the shares been flipped quickly due to investment being from existing shareholders and the volume we are currently doing daily would get them clear quickly in any case.
Also, warrants at 80p are fine, they are at a premium and there are only 600,000 of them available.
The placing is out of the way. VLRM has £1m in the bank and can claim another 500k as soon as SP stays over 80p for 5 days and it only adds 600k more shares.
I hope every raise of every share I invest in is done in this way.
What was your end of month prediction @Rico81?
The best thing to do here is manage your own expectations . The ramping begins to come across as disingenuous especially when something happens that they have vehemently said will not. Nothing is set in stone as some might have you believe. I like to make my own mind up, as most do, based on the fundamentals! This is a very interesting share and is currently very exciting to be a part of but don't get wrapped up too much with the sentiment. I have in the past, in my naivety, and lost a considerable amount. I really want this to do well for all of us invested here so GLA and lets hope this rockets. And by the way I'm not de-ramping here just keeping it real! The share price at the moment is exactly on my prediction for the end of the month so you can see I'm not getting too carried away. With the placing and no RNS yet re OTC, I think we will hover at this base level until news arrives. I do hope I'm wrong though!
It's a fair point @willhi02. I think there is a subtle difference here though in my opinion. This investment (placing) is with existing shareholders who had obviously already bought in to the company. I think "placings" when they're with an external source (a new investor) are viewed a little more negatively. That's just my opinion, and I think RP was thinking of the latter (an external source, going out to the market) when he said a premium placing in the future. Fair play to RP though, if the company needed investment for growth in the short term, I'm glad he's gone out to get it, and he's got it from existing investors to grow the business for us all.
As for the warrants, investors want to be rewarded for the risks they take, and it also depends upon the timing of the negotiations and how soon the investment is required by. So I'm guessing the £1M was needed ASAP to ensure VLRM takes advantage of it's current momentum, so yes, it could be argued that the warrants could have been a higher future SP, but 80p doesn't seem unreasonable in the context of the status quo, and what is required right now.
Mixed feelings on the RNS to be honest. It wasn't too long ago that RP said no placing would be required and whenever a poster on here suggested a placing would be needed they were often shouted down as a de-ramper and told that it had come straight form the horses mouth that there would be no placing. As it is I have always felt a placing was needed to take place as the company clearly needs money to effectively market the Bridge platform and the wider intentions of the firm. If this is going to be a transformation company it needs an effective marketing campaign and that was always going to cost money.
What I am disappointed with however is the price of the warrants. The palcing not being done at a discount was encouraging but the warrants should have an exercise price higher than 80p if RP truly believes the firm should be valued at £10 per share. I think a fairer exercise price would have been the £1 mark. As it stands the warrants will probably be exercised in the next three weeks (which is fine by me as it means a sustained share price of over 80p) but it would have been nice if the exercise price had of been higher to encourage a further SP rise.
Regardless the real RNS we want to read is the OTC listing.