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Having read the recent RNS’s this company is evolving into a dynamic investment company with the core assets and the going concern businesses as a core. With the boards history of property deals I am thinking the current board are good for the future direction and will be able to spot business add ons to buy; make better, sell onwards with the profits from improved acquisitions later sold off.It makes sense I think.Happy New Year all fellow ESL shareholders.
The directors acquisitions were only to take up the open offer so points to diddley squat.
At least the non-exec Stephen Harley has managed to get his average down by taking a million - his last 20k shares were bought at 99p....
As I've said, that's the only way I can read it. But anyone with an alternative view/insight I'd be interested to hear. Hoping my 5p shares do great things lol
When do the extra shares come on to the market
Makes sense, surely this is positive and good times beckon
Surely the acquisition of over 5m shares by the board of directors points to this company coming back to profitability. If the company were to be stripped and shareholders screwed over, as some of us have feared in the past, then the directors wouldn't want any part of this?? I think I'm right, but anyone care to offer an alternative?? TIA
Pretty much. And downward pressure from the inevitable sell off, as Truth has said
So, will the existing shares be effectively diluted by the new 5p shares causing the share price to drop somewhat?
So is this good news no longer a Shell or am I missing something?
Hi Narada As everyone answered the first time you questioned this, all offers are now closed. In fact the offer was over subscribed. The £7m the company wanted to raise was raised as a result of the subscription from shareholders who held on the 9th of December.
I'm a bit of a novice when it comes to buying shares so I'm sure there is a fundmental thing I'm missing with this. I bought some shares last week which was after the 9 December deadline to be eligible to purchase shares with this fund raising exercise at 5p. I thought it said they've raised 9 million during the first exercise but are looking to do another 7 million soon. My question was given I bought my shares last week is the second fundraising of 7 million and the offer of 5p a share for this particular fund raising only available to people who had shares with the company at 9 December 2020?
Are they referring to the over subscription of the offer by around 62.5% via the Excess Application Facility. If so then that was only available to existing shareholders and is now closed as well.
I didn't read the RNS the same way. The qualifying shareholders seem to be the ones who raised £7m from this open offer. I am willing to be corrected - can you explain where you read there would be another fund raise from existing shareholders?
Since this is your first ever post I guess the point you are making is very important to you.
Does anyone know if the eligible applicants they mention in respect of the next anticipated 7 million fund raising exercise will only be those who held shares on 9 December 2020 or will more recent investors be eligible?
any thoughts on the vote?
2 large buys earlier this morning, 250k & 300k shares, someone seems confident!
When they go on the account 2 weeks after there tradable
Quick one chaps, if you were to take up the option of the 5p shares, can you sell them when you wish or do you have to keep hold of them for a period of time? Cheers
Bottom draw ;)
Which draw? Where do I get a ticket?
I have 15000 @ 10.05p and took up another 5500 @ 5p going to put this one in the draw and come back in 18 months.
Slide...clunk :)
Thank you Truth. I have bought and sold ESL a number of times over the past 6 months, and I've made profit each time. And I've taken up the 5p shares because I like taking a risk and can afford to. But it's not a stock I would advise anyone I know to put their own money into.
I’m on T212 and haven’t had an open offer, can anyone shed any light on this? Thank you :)
Seems to be going in that direction. Wish I sold up at the start of the week