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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 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...
Are these two big sells actually buys, otherwise I just can’t see the logic ?
Any news on how the Open Offer and Primary Bid is going?
Snow- Monday at noon is the close of placing- powder dry till then- bigger sells prob riverforts 0.26 shares which should be virtually gone now IMHO.
Thanks Nobby, made my Friday
Some lovely buys trickling in now...tick up for sure. Platform price won't hold it back now.
Glad to hear that nobby...I think it's like a coiled spring. ...when she goes sh3's going to go with an almighty twang!!!
Nobby
Good to hear.
Thanks Nobby.
All Resolutions were passed. A presentation was made by the BOD which was well received. All questions from the floor were answered credibly and convincingly. I believe the Company has a very bright and exciting future ahead of it. GLA
Hi Snowman100 - I too am waiting for that red dot to announce the result of todays meeting looking at the last 2 Buys someone may already know.Fingers crossed.
Any news from the meeting yet for those waiting in the shires?
Nope
Hi Tonyh1975
That’s great news, any more info you could share ? Is it a big job ?
Thanks
Not to sure about timing and I rather focus on the longer term bigger picture of building a solid business for the longer term. Have arranged my proxy vote via UBS here in Switzerland and taken more shares today in the placement. Good things come to those who wait. There are serious pieces in place for a serious puzzle. Boy oh boy it is going to make a nice picture when all the pieces come together one day.
There is work on a jack up rig at H and W ... not sure if its there already but i'll be working on it next week.
Hey Loose, I think you’ve had a premonition!! Assume would need to be before meeting if they intend to share at egm ?
Wouldn't it be great if; After the General Meeting when all for proposals are approved, then we need the extra 333m share issue to be closed with 1m in the bank. Then a couple of RNSs announcing that the remaining November deadlines are ticked off, then some indication that MOUs and LOIs are actually transformed to something linked to cash generation in the future. One can only dream.
Hi All,
I hope all goes well this Friday & that all motions are passed & then INFA can get on with all its tasks & hopefully a recognition following the meeting with some sort of SP increase.GLA.
Althej said previously that iInfa shares where already held in an ISA and SIPP, Longlad.
Can't wait to get this over and done with and move on.
Althej
Probably a good time to buy. I’m assuming it’s your first purchase and that is the reason you have bought on the market and not availing of the subscription offer?
My 2 purchases of 1mn and 600k are showing as sells!!!!!!!!!!!!!!!!!!!!!!
Thanks Radders.
Barclays have sent nothing.
Si - this this is the message from HL:
Infrastrata Plc wants to raise approximately £1 million (before expenses) to help fund the purchase of the principal assets of Harland & Wolff. To help this, the company is giving existing shareholders the chance to buy more shares.
As you hold xxxx Infrastrata Plc shares in your HL SIPP, you can purchase new shares for 0.3p each. You can choose now if you’d like to buy extra shares.
The easiest way to do this is online, and the deadline to give an instruction is noon on Monday 2 December 2019.
This Open Offer is subject to shareholder approval at a General Meeting to be held on 29 November 2019. If you wish to vote please send us your instruction before noon on Tuesday 26 November 2019.
You have two options
1. Do nothing
You don’t have to take part in this Offer. If you don’t, your holding won’t change.
2. Buy new shares
You can buy new shares in any of your HL accounts at a price of 0.3p per share.
• The new shares cost 0.3p each. You may apply for as many shares as you like, but you may not receive all the shares you apply for. The shares are currently 0.31p to buy in the market so it’s worth checking the price first.
• You can purchase your new shares in any of your HL accounts - we'll assume you're applying for shares in the account you currently hold the shares unless you tell us otherwise.
How to take part in the Offer
Make sure the cash you need to buy shares is in your capital (not income) account by noon on Monday 2 December 2019 and remains there until we debit the cash, expected to be on 3 December 2019. If there’s not enough cash we’ll only apply for as many shares as your capital balance allows.
Select your SIPP. Choose the dark blue Corporate Actions Icon alongside your Infrastrata Plc shares and follow the steps. If you want to apply for shares in a different HL account to the one you currently hold your shares in, please tell us this in the further details box.
Your new shares are expected to be credited to your portfolio on, or around 11 December 2019.
As your shares are held with Hargreaves Lansdown scaling back of elections may not be on the same terms as those announced by the company.
We will debit the full cost of your election, so if scaling back occurs the cash difference will be refunded to your account on receipt. There’s no definite date for this but it’s usually within a week of the shares being issued. We’ve based this information on our understanding of the prospectus: https://www.infrastrataplc.com/investors/documents-circulars/ issued by Infrastrata Plc.