Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Added more at 23, thank you sellers. Truly believe this will double from here within 12 months
I did the same, avoids the uncertainty of open offer allocations. Time will show if I jave been rash jumping in so soon.
But shares you buy now and before the new 200 million plus shares that will come into the market through new share offer and conditional placement will lose half there value through dilution won’t they?
Aren’t the new shares to be listed already sold to ii?
Aren’t the new shares to be listed already sold to ii?
Doyezee
There are two types of dilution.Dilution of voting power, and dilution of value.
For the latter, although there is an increase in the number of shares, the value of the company has gone up for two reasons. It will receive a big injection of cash in exchange for the shares, and given the issue price was very near the market price at the time, there is minimal value per share dilution from that. Secondly the value of the company has gone up because the discount for the risk of not getting funding has been removed by the fund raise.
Hopefully these factors will be reflected in the share price over a short space of time. In the short term however, many of the potential buyers of the shares have been satisfied. So one can argue, that all else being fine, the best time to buy shares in any company is just after a successful share issue. Hope that helps.
I'd describe the placing price as average, or semi decent at a push.. And I'd describe the overall size as around twice what I would have guessed.. so a hell of a lot more shares than I expected in play now..
This company is extremely well cashed up now granted, giving it serious bandwidth to invest to maintain it's market leadership in a hugely growing /exciting space..
Also we have a fine array of blue chip size shareholders, thus underlining ies.l's pedigree
And I have high hopes for late 24 and all 25 here now..
(Generally, I intend watching quietly for a good while to see how/where this settles down .. As I did two top up ahead of placing I'm thinking I'll not partake in this PI offer.. My top ups were a bit higher than current s/p but on a scheme of things it's little difference.. and they brought my average down somewhat too .. Alas my average is still a decent ways higher than 23p .. but Schroders for eg will still be somewhat higher than mine after this raise, at least (they were a lot higher again before - maybe 70 to 80 p ish i'd guess then - that coming meaningfully down again now.. granted))
I have flipped a few at the start of trading this morning for over 24p and also bought a few at 22.85 to trade during the open offer period.
If the SP increases it might be worth flipping the 3/20 open offer that's available on the rest of my holding, but new funds maybe available subject to where the SP is for a quick trade (good timing re ISA Tax Year to add more funds if required also), but I am happy to flip all, as this will raise new cash for IES rather than sit on the side lines - as long as I sell above 23p to raise the cash needed to fund the open offer allocation. The open offer is now locked in, so this can be managed to take advantage if the share price does increase.
As the % discount is low (compared to some I've recently seen) plus none of the funds are paying back a large debt mountain, I can see this trading up-to 30p a share over the next few weeks. I am also expecting a couple of positive RNS's plus some media noise to help pin the SP at or around my short term target price of 30p.
Seen a few of these in my time and you can trade these when you have an open offer, for new investors or recent investors this is good opportunity to take new shares or increase their position in IES. I have enough shares for my medium term plans so do not intend to add to my holding, but happy to short term trade a few when the opportunity arises.
Once trading and the news has settled into next week (after the UK bank holiday), this is when we will see where this is heading in the very short term.
This could have been much better for existing shareholders, but also could have been far far worse in this market!!
Reset and start again but now with some much needed resource!
I'm open to doing a bit of trading here too grsshaw.. and great if this rallies on up on coming weeks/months..
While I get the markets are a mare generally, this being oversubscribed by a queue of blue chips wanting to throw money at this leads me to offer that this could of course have played out better for PI's..
Generally, while I still like this plenty, it's one of many AIM shares I hold, and versus others in the round, it has overall actually gone down a bit in excitement terms for me today .. I still have pretty high hopes for this from here .. but lets not forget this was decently over 200p at it's peak and many long/medium term PI's continue to be beaten up again and again as we go here..
Doyezee
No, the issue probably will add value to the shares, as the discount for the risk of not getting funding comes out. That discount was probably quite significant. Also do not forget:-
"The Open Offer will include an Excess Application Facility to enable Qualifying Shareholders to apply for additional new Ordinary Shares in excess of their entitlements under the Open Offer."
Very interesting to see this investment - Vanadium a mineral for the future!
Very nice I’m adding too I think VRFB is a good bet on the energy transition