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Sadly this weeks big dilution has trimmed back “My hopes and dreams” target of 20p eventually to a mere 15p. I was hoping that they would do smaller placings to actual strategic funds not just anyone as happened this week. But hey ho!
Been in since below 0.2p and was looking for that mythical 100 bagger which I now doubt will be achieved. Doubled my holdings around 0.5p this week.
Is that sufficiently rampish for you Greenspan? Anyway have a nice weekend, I am off to read the papers, the old fashioned ones made from biodegradable wood fibre for EQT to “Recycle.”
Agreed “Blue Chip” is probably not the phrase DP was using today!
Anyway onwards and upwards.
Fair enough davidb.....but then I wouldn’t describe those type of lenders as ‘Blue chip’....surely? And wouldn’t DP want quality investors unless forced through no choice or a general lack of interest? I’d expect my broker , Arden in this case, to work for my best interest and apply appropriate due diligence in the build up rather than utilise ‘third tier’ type entities! The results RNS stated that the placing was oversubscribed (allegedly).....so, in my ignorance, I remain somewhat surprised and confused! GLA
Nonetheless......EQT have what they Needed from the fund raising......and so I expect (hope) this blip will be a distant memory as contracts are green lighted....and new prospects announced!
You are wrong sadly I have direct experience as an ex Aim Director. The biggest group of flippers are the niche private client stockbrokers who often use in-house funds to Chanel these activities. And you never know until it’s too late.
Perhaps I’m missing the point (highly likely) but various folks expressing disappointment at the institutions, who subscribed to the placing, selling holdings (or parts thereof) straightaway. This doesn’t make sense to me for a number of reasons:
1. Any so called ‘Blue chip’ institutions trying to turn a quick buck on a placing would find themselves low on the pecking order for such behaviour.
2. Would not ‘Blue chip’ institutions seek much larger returns on their investment through longterm support and orderly selling down the line?
3. The Placing shares aren't available to trade until 15th July.......
” Admission and Total Voting Rights
The Company will make an application to London Stock Exchange plc for the 2,608,936,059 New Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence on or around 15 July 2020. The 2,608,936,059 New Shares will rank pari passu with the existing Ordinary Shares.”
Could a learned an knowledgeable BB member educate me if I’m missing the point here.
I’m not looking for a quick buck but rather, I’ll continue to be a longterm holder as I believe the future for EQT is enormous and consequently, the SP also. I’m not interested in Trading for short gains.....or much time for the over emotive and anger at this fund raise. My interest is with the rationale behind the actions......was the fund raise merely to line the Directors’ pockets or was for a higher and legitimate purpose.....I believe it’s the latter.
For me, some of Buffet’s investment rules hold so true for EQT at this time....
“ Price is what you pay. Value is what you get.”
“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”
“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.”
And of course, the oh so true.....
“The stock market is designed to transfer money from the active to the patient.”
Appreciate many folks will pour scorn on the above (And maybe rightly so) where perhaps they’ve been invested for a long time only to see the SP wither.... But, for me, I’m in it for the long haul, not the quick buck..... I’ll leave that to the gamblers! GLA
Not really, once the selling eases buyers are likely to become more optimistic that’s all. Any serious move will require real news.
I don't think that it were so many sells. In another thread, users reported their buys were shown as sells.
If it all were sells, why should the MM have bought them? With 200m sell vs 26m buy today, MM should currently hold at least 174m shares, all bought at nearly constant prices with minimal spread. Possible reasons:
(1) MM is pretty sure to get more money for them next week
(2) MM collects shares for a bigger order
Both seems ok to me. But the other way round: If it were more buys and less sells, why did the MM change the spread and the sp to hide the buys look like sells? Did the MM maybe need a sontantly los SP to collect?
Anyway, if MM really sits on 174m shares (I don't think so), that's more than 3% and maybe worth an RNS next week :-)
Stock price ramper
Probably scruffy end of tail third tier “Institutions” who have helped out Arden in the past or will do in the future.
So they get in on sweetheart deals and pick up free money as here at Eqtec.
DP is probably mad as hell but it’s par for the course. The brazen bit is just how aggressively they have clobbered the stock. That suggests they have a new home for their cash on the next deal on Monday or Tuesday.
Still very annoying and potentially the candidates for the dubious selling that started at 3pm on which drive the price lower and probably cut the placing price?
Anyway they will be gone quickly and I am pencilling in 0.6p for the end of the month, but who knows?
Can I ask if all this selling today is correct would the share price not be lower than it is
Given today one of the institutions is selling 200m+ shares i am not quite believing DPs call that we he raised with blue chip institutions. Shame really as this share should have shot back up but now held up and lost its lustre slightly. we now need to get some updates but on positive note we can all buy shares at the rights and once the overhang is clear we should set off back to .6 at double quick speed given the £10m will be deployed quickly to Greece and Billingham. Hopefully an update in the next or so.