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John Gore owns 8% of evrh which he bought @ 4.5p for £5 million he has option to of up to $10 million more to be exercised by end of month if as last time @ 25% premium pushes price from 6p to 7.5p plus
the broad terms of gore's option are set out in the RNS of 7th june. under it he can subscribe for $10m of shares at a price which, whilst not explicitly stated, would value the issued equity at $220m.the price has been variously estimated by posters as 15p or 17/18p.i do not know what the exact figure is but it is certainly much higher than 7.5p and the valuation method is not one based on premium to current s/p.the big question is not what the s/p would be but rather whether the s/p can get to a level at which he would exercise before 31st dec.not likely imo but perhaps the 16th Dec date has some significance here as previously speculated.time will tell.
If I’m not mistaken The option sp for jg is 18p
Oooweeer where’s my calculation!!! Lol
ATVB
From memory, my calculation was 15.5p.
If it is 15.5p we might have a chance of Reaching that
In addition, the company has also entered into an option agreement with JGO to subscribe for the equivalent of $10 million of new Ordinary Shares at a price to be determined at the time of exercise which would value the Company's issued equity share capital at approximately £220 million. The exercise period for this option will expire on 31 December 2019 at which time it will automatically lapse if not exercised.
John Gore Investment
$10m @ £1 = $1.3 (£0.77 = $1) = £7.7m
Current MCap = £84m @ £0.06 (1,426m)
£220m MCap = 15.4p (1,426m Shares)
John Gore Option
£7.7m @ £0.154p = 50m Shares (3.5%)
John Gore Current Holding 111m (7.7%)
John Gore current profit @ 5.9p = £1.55m (111m)
John Gore Profit @ 15.4p = £12m (111m)
John Gore taking the option would show confidence and make him a significant shareholder.
Slight correction Gore owns 8.1% see RNS 22 July .
Just checked when I first bought EVRH and it was December 2016 price was 6.8 3 years later still waiting to break even on them good job I bought some this year a lot cheaper
just done my own calculation.first apologies for error in yesterday's post re option the figure is of course £220m not $220m. big difference. i get exercise price to approximately 14.856p as follows.
value of shares acquired under option if exercised = £7.7m.therefore value of company immediately before exercise of option is £212.3m approx. no of issued shares before exercise of option is 1,429m. £212.3m divided by 1,429m = 14.856p. all a bit approximate of course but does look as though we are looking at something like say 15p which is perhaps a little more achievable than 17/18p but still unlikely imo.hope I'm wrong!
I think they should get into sport
I watched the Joshua fight last night
I don’t really get boxing but millions do !!
Vr would be perfect small ring
Camera in each corner
Boom it takes it to another level
They are a MUSIC content provider......NOT sport or never will be
Why would JG buy shares at 15p when they are much less costly on the open market? If he is interested would he not just build his holding up from the market? Am I missing something?
top gun333 i don't think anyone is seriously suggesting gore would be buying in the open market .the speculation is simply over whether in some way the s/p can reach the level at which his options become worth taking up (looks like something in the region of 15p) before the 31st December which is the expiry date for the options to be exercised.