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Dartron, good call. I can't watch these things daily, so I tend to look long term. I was a big holder in Biff from a time after the float, but sold as it approached £3... mainly because of the debt. Now it seems to me that they didn't raise enough capital. They just don't generate enough cash at the moment. I would expect this to rise to 2.20ish before the long decline begins. Hope I'm wrong, but this seems to me to be a classic spiker. I'll look in again next year sometime.
No it was fixed at 200p. Nor did I get what I wanted. Cut down. Should get them on Tuesday midday and will be looking to sell and move on. No profit here.
Sorry Thurs close so was £2.05
Wasn’t the placing price 5% under the Thursday close sp of £2.50 so £1.9475 or am I missing something?
Bit high. Not much of a discount and lower than I expected
SGRO which is issued tomorrow after a primary bid offer spent all day higher before falling into the red at the end as Wall Street went ever lower. Dow now 1700 points down so if you are fully invested its understandable to give this a miss.
Look at the recent primary bid offers, most most of them are below offered prices, maybe better to buy on the market, also the market is down, black Friday? Hope not.
180 to 190p. Its a lot of stock here ...20 per cent of the company.....and the mkts look dire. However this is a very solid business and not far from the March lows. The new stock will be available next Tuesday / Wednesday depending on your provider so not long. Directors are buying in here as well. I think you will get all you want. I am in here tonight as I think the upside is much better than the downside. I am hopeful that the instits will push for a bigger discount tonight. Of course it will fall heavily tomorrow but maybe not that much as the discount. The new cash will help secure the company. But still risky esp if Wall Street ends up more than 2000 points down tonight. So I have put in 4K here.
Looking at the Dow, think I'll give this one a miss... maybe time to consolidate.
Barnetpeter.....Whats your gut feeling on this one ?.....you called it right on Ocada.... I'm worried with FTSE dropping significantly today.....do easy to get carried away with all these PB offers coming through...
When is the placing price set on primary bid? It’s not giving much info...
Reckon 1.80p tmrw...20% discount plus steep drop on opening tmrw...
At what price? I think it might be around 180 to 190 tonight. A lot of shares being issued here ...20 per cent....and Wall Street very weak.
I did manage to sell just before £2.50 (and trading update). Might have another pop at this if it does get down below £2.00, slowly build a position over the next year.
Hi Riffgo, I am not as bearish. I think we have seen the bottom of the SP. As I said before, the price here reflects the potential for this business in a few years once the EFW facility is completed. They are also now running the PET facility. I think the results next month will be very promising. As for debt - we are all going to have a lot more debt after this, as long as they are operating and continue to build the EFR facility, I think the market wont mind. I think it was worth a punt under £2 which I did at £1.79, but £2 is long gone now. Maybe wont go back to £3 soon, but I see £2.50 as reasonable.
It was floated at 1.80, you are absolutely right, but then it immediately dropped to 1.68. I should have said: price at floatation. Anyway, recently it dropped below that low to 1.65 before bouncing back up. That lower low put me off, even though it has gone back to £2. I like this company, but it has too much debt for this market. I think they will be getting on top of that for the next two years, so no dividends. I see the current price as a top, not a bottom. In other words, the old highs aren't likely to return any time soon. But I've been wrong many times before! It's just that there are good companies out there with a lot less debt... and they're the ones I've been targetting recently.
I just googled the float price, it was £1.80. I think a lot of the Biffa share price represents the growth potential of the EFR and the PET facility, so cant see it going much lower? Thoughts..
Biffa's high debt is going to make this a tricky time combined with an almost total loss of commercial income because of the shut down. No wonder they were quick to cancel the dividend. Not sure where this will stop, so I'll wait and see if it gets nearer the float price.
Hi, I got in at 189 today feeling optimistic
I wanted to buy this when doing my research for a pf rejig/refresh at the end of 2019.... its taken virus /oil price collapse / stock market panic etc to allow me to get in at the price i wanted... i have orders in to buy more down to 235, but i think its unlikely i will get them, but with volatility like this, anything can happen i suppose. I am also hold a good size position in PHE and AFC...
Good day for BIFF after breaking out from 260. In a few months it should have 350 in its sights. DYOR
Some of the increase is positioning for its (possible ) entry into the FTSE 250 at the next (Dec) rebalance, even if it does not make it in it is likely to be on the reserve list with a good chance of going in on an interbalance deletion.
Quite a number of trades after time yesterday. Could just be a pick up in volume ahead of the results next month. A look at the chart is positive, though. Perhaps 2.60 will be on the conservative side. Still no news where that 5% Goldman stake ended up...
Impressive pitch on Capital Market Day too. I liked the bit about debt peaking next year. Results in a month. Whatever happens we keep on producing rubbish, so debt will be serviced. I'm thinking that 2.60 mark can't be far off... but I suppose it depends on the market in general and that's weak.
I hope you are right for your move
im happy with this profit im out
seen this before here
very manipulated share
GL Mate