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With a current Mcap of 2.82m and the potential of a cash injection of between 6 and 8m when the placing is successful, has anyone got any thoughts on were the SP might land the day after the placing, taking the dilution into consideration?
Would be particularly interested to hear from those who have participated in a heavily discounted placing in the past?
The anticipation of NICE on the 10th July should also see a gradual increase in the SP as will news of American partners for FDA submission.
GLA.
Stephen11.
I don,t think we will ever see 20p again..
When shares added no movement in price at all imho...
20p will give us an m cap of about £100m so will do that , but in time . With your new shares System should give you a better average. When shares are loaded in theory the sp should stay about the same , ie 1.5p as nothing has changed realistically, but with NICE news hopefully good in July we could see a slow climb , the big difference now is with more shares in play the increases will be slow and steady, good or bad i dont know.
I believe that Genedrive have the potential to achieve a valuation in excess of £100m. It would arguably be relatively disappointing if this was the ceiling for a company which will have spent the best part of £50m and many years of hard work to get to this point. I've lost money on a couple of occasions in this company and am happy to admit that I know very little about the segment they operate, but I take comfort in the fact that the detractors around GDR largely appear to think they have good products. I know that companies are not valued based on the cash historically invested, but following a (hopefully) successful funding exercise, GDR will be valued at £3 or£4m more than the cash they will have in the bank which seems like a good bet to me from here so I've been building up a holding at these levels. GLA
Looks like the SP is heading down to the Placing price which is why I'm so mad with the BOD for offering a 50% discount. If they had offered it at 3p which is what it was on the day of the announcement, I think the SP would have held around that 3p mark. We wouldn't be where we are now. The company showed there naievity with that decision. But we are where we are. If shareholders vote No, the BOD will have to come up with an alternative plan. However as each day passes and the SP slides, it's looking like shareholders will be forced into voting Yes.
MIKODX - A very naive suggestion from someone with 3k posts. Can you think of any example of a company raising more than twice it's MCap at a minimal discount? Crazy...
I believe that the placing is as well constructed as it could be taking the preceding position into account. An unsuccessful placing of any form would be a very fragile place to be for incumbent investors.
JAMESY1980 - If that's your logic, then there's no point me explaining. With only six posts, you wouldn't understand.
With AIHL in the latter stages of final approval from NICE, and with CYP2C19 looking highly likely to be approved in July, a Placing of 3p would have been acceptable to shareholders, I'm sure they would have backed the company. It would have meant only 200,000 share dilution instead of the now 400,000. The SP would have most likely held at 3p and the company would have been in a great position to move up from there.
MIKODX - not sure what you are proposing, but GDR have stated they only had 7 weeks of cash runway. The SP before they announced the placing was 2.8p. How would you have got to a 3p placing for twice the MCap?
It is 400m new shares, not 400k and also worth pointing out that that is a minimum. Taking all of the headwinds into account, I'm taking up my full placing allocation and also buying below 2p as I think it represents a good bet from here. I believe the SP will stay over 1.75p, the placing will be successfull and the SP will recover to 2.5p without significant news, i.e. and MCap in the £12-13m ballpark. Ive been wrong here before but that is where my money is regardless. Good luck.
I have Doubled my Holding here adding under 2p and taking up my full 1 for 1 entitlement also.
Been extremely busy lately so not had time to post but browse through the comments here from time to time.
Despite placing coming at 1.5p instead of 3p...future is looking very bright here. Even with 400m extra shares to be added to current 143m shares....total shares in issue will still be low 543m which is nothing compared to some other companies with over 20 Billion shares about.
Once £6m is in the bank...this should move higher quite rapidly this summer ahead of 10 July NICE recommendation publication date. So just add or sit tight. This can get to well over £100m MCap pretty quickly as Sales start to increase substantially over coming 6-12 months. We got a target market of £300m in Annual revenues.
You will look back next year and say why the he11 did I not get more shares in 2024 at all time lows.
Good Luck all & the very best for the future.
MP