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That's how I see things let's hope that's exactly what happens,I am not banking on anything as usually it does the opposite.Anyone else think something different,Anyone know when this might all happen?If this comes back 50p plus I will be absolutely stunned fingers crossed
50m cash injection for the business I can see this set at 50p to £1 in over the market agreed pricing
Things keep looking better and better. Excited to see this play out.
Very positive 👍
"This transaction will facilitate a significant change of pace for the award-winning bank as it aims to increase scale using future capital raises to increase lending capacity, as well as examining the opportunities for diversification into providing finance in adjacent asset classes."
https://redwoodbank.co.uk/news/press-release/redwood-bank-takes-%E2%80%98major-step-forward%E2%80%99-with-proposed-rto/
This history is repeated
https://www.google.com/amp/s/amp.theguardian.com/money/2000/jan/07/personalfinancenews.business
The good thing about this is anything is possible as it stands the only thing nearly sure is it will go up how much is down to JR as he controls both and he was / is also incharge of 400mil? Investment machine in USA, so he has ALOT of contacts and rich mates. As the say follow the money
If this goes up 10x I'll be happy - if it goes up 20x I'll be ecstatic.
However I cant see it happening if I am honest - rising yes, sky rocketing no
I really hope I'm wrong and we get a significant win from this, that is why I'm here.
If the UK can host the next crypto on/off ramp bank to replace the hole that Silvergate left that could be big.
GLA
He is the founder of redwood and main share holder and founder of mode/r8 him and family - close friends.
At 2mil market cap all current holders and this level will do well and if they don't I would be amazed. Given the tweets that are about all have been confirmed apart from one. He retweeted(x,d) a post saying he was called a genius when the share price went up over 20x .. all other post were silent hints like this. Redwood bank like a post about rto of mode etc. The crumbs of knowledge we have lead to expectations of something good how good time will tell
From what I see he has a foot in both businesses.
If he can 'sell' the retail bank that delivers c.£2-3m in profit annually for £50m of fresh cash and reduce his exposure that is a win for him. Probably still a loss overall but he gets some exit liquidity.
Plus Redwood banks rough valuation is close to 200million so far exceeds the minimum 50million :) either way i think anyone in these ranges of share prices will do VERY well, i hope all long term holders manage to get there original stack back as i know alot are holding from 50p plus .......
Its nice knowing that this one isn't on AIM Garonne, its main market!
The main point is JR is currently the biggest loser in mode/r8 and he will be the biggest winner also, do you really think he is going to sc8w himself? He is down like 40mil in mode in theory
I agree with all of this
I don't follow the sentiment here, we are not being purchased for +£50m, we are going to make the purchase and therefore need to raise the debt/cash via shareholder investment/dilution?
I see the below as likely:
- An existing shareholder placing
- Bringing in additional shareholders
Small banks are after capital and this could be a way to help Redwood. Longer term the bank could grow but I am not 100% convinced there is a big win on the table yet. I hope I am proved wrong and we are all in for a 20-25x.
GLA
I've learned the hard way never to count ones' chickens prematurely in this game, especially on AIM. Let's hope though that this time it's for real and us humble PIs finally get to enjoy being part of a successful investment story. It doesn't happen that often these days.
Hopefully not too long to relisting, I'm rather excited :)
All looking great so far
Think everything really is just a educated guess ?
So a complete guess then.. ;)
2mil market cap, redwood 200mil rough valuation.... I suspect r8 will get a good share deal for the rto being JR benefits the most
Genuine question - where do you get 20x current share price from?