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Sorry....wrong board.
My view is this......If the other companies know there is an inside Nornickel man, they know they are going to have to bid probably even higher than market value if they really want to secure it.
China are not going to be impassive here!!!
Here comes the mother of all bidding wars !!!!!!!!!
3 Billion plus in my very humble opinion and for once, will NOT be happy to be proved wrong. We are now in a freshly built ball park !!!!!!!
Happy days....but DYOR !!!!!!!!!!!!!!!!!!!!
Longlad- to be fair JW has a lot of skin in the game!
Just saw the rns, definitely good news..just hope the institutional investors are reputable not like some of the recent acquaintance JW has made (Riverfort!)Notice that it was only Arun’s name under ‘director participation’!
Where is eu money please ?
I think it was Sunday the placing price was printed, Agree it was amaturish and disrespectfull to current holders but also agree it would not have changed anything.
Phoned Allenby. There will be opportunity for shareholders to buy at Placing price as stated but details( allocation) not announced yet.
On a personal basis I find it utterly shameful and worthy of FCA investigation that the Placing details were leaked to the market on Froday again(!) and systematically abused. Utterly shameful and if provable probably breaking FCA rules. But the get away with sh** in the City.
Interesting that Trinity Placing last May was not leaked. Sudden wham on the day. Different broker ....not that that has to be relevant.
Shameful of Infa for the 4th time. I did mention it gave signals of a Placing on Friday but shameful nevertheless Mr. Wood. But I expect your sleep will not be disturbed.
It is worth reading again:-
"The Company is now on the cusp of a transformational change. Along with the cost savings that will accrue to the Islandmagee gas storage project, this multi-purpose fabrication facility in the heart of Belfast is expected to provide multiple revenue streams. Upon completion of the acquisition, the Company will seek to enter into contracts as soon as possible with a view to kick-starting revenue generation, which will be a significant milestone in the Company's history. We are bullish about the acquisition as it provides immediate and near-term revenue generating opportunities as well as significantly increasing the value of the Company's balance sheet."
Trying to sell one of my other stocks to fund the next top up before the 0.40's
I warned Mith 1967 yesterday of KARMA and what happened to OEX = KARMA, I never go and post on boards i dont have an interest in.
Bloody hell that is impressive, all done and dusted. Ive know bookbuilds fall well short of the intention, so I for one, am very reassured.
Infa is now a completely different beast and if the instutions are backing this with 6M then that is good enough for me.
I was going to add this morning that JW and the broker must have had some inkling that the offer would be taken up, otherwise they would not have gone ahead. What was it Doc H said, Infa desperate, well Doc eat it as doesnt look particulary despearate to me.
well done JW and the team, now the real fireworks may be unleashed.
Mr T
at Placing price. I answer my own question. Non-investors will pay more unless it drops below Placing price.
I would expect details will be rns’d this week. Well before AGM. If I were a new investor I would be buying now as they may include these investors and it’s still dirt cheap. Need details asap.
I agree. They seem to want to run before walking . Both new projects were unnecessary and shareholder-abusive. Should have concentrated on IMager. Like me you have been through 4 Placings. Each one was leaked. I know some peple dosagree but it’s too gung-ho.
Ultimately we have to roll with it and give it time. Same happened with Trin May last year. Placing at 28p. Wish I’d sold. Now 9p.
Both of these companies see shareholders as easy meat and ultimately wholly dispensable-as most companies do these days I suggest.
The practical response is to sit it out.
I read that investors will get a chance to buy at the Placing price of 0.3p. Is this correct?? If so when and how???
"Buy" dyslexic fingers!
Well it is certainly the last chance to yub at the placing price, Could be blue by end of play.
Hi Tango1 - You are right institutional buying is what INFA lacked & will now give it some stability provided they are more than 3% & will encourage others next time.For me INFA is all to play for & it is exciting times ahead.
With new institutional buying that should as JW states give longer term stability as they will be in for the long haul not trading it.
Good points Radders99 & I am happy to show Strong Buy following the 2 RNS's today it would appear to me that they had people lined up to complete the book in a morning & that in itself is positive news.My additional loss this morning is not too painful so from now it is upwards for the SP.For new investors the SP is a snip it is a pity I do not have any more funds not even behind the sofa.GLA.
Fantastic news!!!!!!!!!!!
Thats bloody excellent.....the institution is obviously privvy to the bigger picture.
GLA!!!
I dont mind the extra 2 billion, Needs must- But what it can unleash is potentially very good indeed..AIMHO
Another 2 billion shares. :(
Well that was quick- would be good to know what institutions but sounds good so far...
I was hoping for some good news along with the placing but on reflection: Any good news today would have been lost into outer space as the placing would have taken presedence, I am happy Riverfort are not financing us (other than that agreed) as that would have been horendous IMO- I dont think any of us are privvy to the big picture at the moment but in order to complete this placing there needs to be a steady supply of good news (which is very possible).
FID at end of year will be for 7 Caverns, which is still 12 months earlier than original plan for all 7 (Q4 2020). DAERA have all required paperwork and for them now to just agree public consultation dates (could drag out). Equity funding not dependent on Marine Licence. EU Funding - hard for JW to 100% rely on but can only state what he has clearly been led to believe. H&W has the potential to turn on revenue stream and appears to me to have big advantages to the main Gas Storage project - so seems a sensible approach in terms of risk rather than reckless, plus as mentioned earlier - a lot more senior stakeholders will want to see INFA succeed. We have but a few weeks to really see this play out and I would hope that all can be patient as seems like a daily panic at the moment.
Well put Setanta, I wonder if the motivation for H&W is a behind the scenes prerequisite to obtaining the imminent go ahead for Islandmagee. If so the fine, otherwise we could have sat on the project and avoided importing considerable risk and financial dilution