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Are these two big sells actually buys, otherwise I just can’t see the logic ?
I don't know what's going on with all these big trades TBH.
Could it be something to do with the primary bid thing. Where they are buying what people ask them for?
Rollovers? Bed and ISA's?
Not a scooby...
Si,
Definetely nothing to do with Primary bid, I can guarantee that.
Could be Riverfort selling? or what I have seen before is ahead of placing shares hitting the market there is up front selling etc ie offloading in advance. That doesn't make much sense here as they are selling for no profit!
Lots of shares being admitted next week so it's something to do with this imo?
It will be intersting to see what happens next week once these shares are admitted, if no news then the sp could drift until such news is forthcoming.
There should be plenty of news arriving in December so hopefully we can see a change of fortune and an uptick in the sp.
Mr T
I also heard theory elsewhere (from well known and respected contributor) could be forward selling by Riverfort .. I did have to google it
Yes, this from RNS 19 November 2019
InfraStrata (AIM: INFA), the AIM quoted company focused on strategic infrastructure projects, announces that it has received a notice to convert £100,000 of the first tranche of its £2.2 million loan facility with Riverfort Global Opportunities PCC Limited and YA II PN Limited (the "Loan") into 36,337,209 new ordinary shares of 0.01p in the Company ("New Ordinary Shares") at a price of 0.2752 pence per New Ordinary Share.
So could be Riverfort as they would be taking their profit!!! must be gone now though surely?
Mr T
Mr T, there are 2 billion in the placing! How many did the river get? 100% certain they took part.
The £6m placing went to 6 IIs according to investors who attended the meeting.
Ban- Did they say what institutions?
I wasn’t there. There will need to be at least one TR1 though.
From recent RNS
Subject to shareholder approval at the upcoming General Meeting and upon admission of the new shares on AIM, the Company will have an excellent mix of institutional and retail investors, which we expect will provide long run share price stability and liquidity respectively. The fact that key institutions have sought to make their investment in the Company is a vote of confidence for our future growth plans and overall business strategy that focuses on completing the Islandmagee project and asset development, construction and operations management and asset life-cycle management."
From reading this, it tells me these II's are long term holders and will not be selling in the short term, why would they in any case as there is no profit in it for them. Also they would have invested in the belief the company has a bright future certainly in the short term and I suspect beyond.
As long as they don't take on too much debt in respect of H & W, although a certain amount will be required in the early trading stages, without cash you cannot run a multi million pound company! and the downfall of any company is usually a lack of working capital. You can have all of the orders in the world, if you ain't got the cash to be able to turn those into cash sales, you may as well not bother!!
Mr T
From this afternoons RNS, "Upon Admission, the Company's issued share capital will consist of 3,554,667,454"
So with this increased issue would existing TR1's not longer have the required percentage to qualify as TR1's?
Or am I being thick. :)
Err, thanks?
The middle paragraph would have done.
You are defo a glass half empty kinda guy. :)
Just sayin'
Cheers.
I believe that the number of shares in issue will increase further as Riverfort wash through theirs, is that correct? Even without these, I have seen a 200%+ dilution in 2019. Consider then that a 2p share price in December 2019 would equate to a 6p pricing in December 2018.
I need a drink...