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Relist price hahaha, we’d need something viable to even relist first without worrying about a price, the price will most likely be the thick end of FA and the only way this is coming back to the market is with Jesus as the MD at the second coming
After the 40-1 consolidation be worth FA
Hopefully that cu next Tuesday will die a painful cancerous death.
For what he did to shareholders.
Minty still has 12 million. Xmas present for him eh?
Champagne all round in Wilmslow then...........
YingTong your correct mate. We will have to hope that the new company goes on to win some favourable interest from the market. With what I am holding, 20016227 with an average of £0.0019, I will be well down at 40/1.
Kmack, given they are placing at 1p consolidated then I see no reason to expect it to he materially different to that either way.
With a 40:1 consolidation the value of your holding should be about the same as pre suspension.
In effect they are raising at 0.025 on the basis of unconsolidated. Marginally less than the last placing.
I am quite surprised at the lack of dilution. Broadly you will own about 25% of the proportion you used to. Sadly that will be a big drag, but it is a lot less than I expected.
Also the listing authority believes their business plan and financing is credible going forward. Thats a good thing.
Is the 0.1p not based on the pre undiluted shareholding. Looking back NUOG had around 3.39bn shares in circulation. It doesn't make sense for this to increase after consolidation.
If that is the case the 0.1p would become 4p.
But what the hell do i know!!
I can't work out if the loss is 40:1, or 76%. Obviously 76% is preferred to the former and mentioned in admission document:
"Shareholdings immediately prior to Admission will be diluted by approximately 76% as a result of the implementation of
the proposals, assuming that the Placing Price will be 1p and that 200 million Placing Shares will be issued to raise the
minimum amount of £2 million pursuant to the Placing."
Thanks for that. If it does work out at £0.01p. Then I cant see a mass exodus of share holders selling to get out after the 40/1 dilution.
Thanks for that. If it does work out at £0.01p. Then I cant see a mass exodus of share holders selling to get out after the 40/1 dilution.
4,465,393,217 Existing Ordinary Shares have been issued at the date of this Document, all of which have been fully paid
up. Pursuant to the Placing, the Acquisitions and the Debt Restructuring, the Company proposes to issue up to a further
355,043,314 Consolidated New Ordinary Shares conditional on Admission, assuming that the Placing Price will be 1p and
that 200 million Placing Shares will be issued to raise the minimum amount of £2 million pursuant to the Placing. On
Admission, there will be up to 466,678,145 Consolidated New Ordinary Shares, all of which will be fully paid.
--
So valuing the company at 4.6M market cap, if you take the new share total (accounting for 40 to 1 consolidation) at 0.1p
I see there is an AGM on 21st December in London
Has any one got a fair idea as to the relist share price? Especially after the shares in issue will be divided by 40 to 1??
I only say 1p because that is the price the new shares are being issued at. I think we all hope it will be higher. It said somewhere about a market cap of £4.5m, so whatever that works out to be - not sure what the new shares in circulation will be
If we consolidate by 40, why does the price have to be 0.6p or 1p still? Can it not be higher. Guess I need to dig out new shares in issue versus a valuation calculation to see what a reasonable price would be for the new number of shares in issue, and go from there.
Been a while since i played with normal stocks, been focussed on crytpo. Which strangely in one year has made me more than all the oil and gas companies i invested in circa 10 years ago that largely all ended up going bust to some degree. Lesson learned! :-)
Thanks for creating anew account on LSEto share that Mark.
So gary has 330,860,733 share by your calcs 330,860,733 /40 = 8271518 share at 1p
= 8271518 x 0.01 = £82715
Anyone know how much he paid for them , looks like a loss for him ifhe bought at the close price ie 0.0003p
Would 330,860,733 at 0.0003p = £99258?
WOW a 40 to 1 consolidation will prove a huge loss to a lot of us if it only floats at £0.01p p/s.
I work it out differently to that.
£7500 @ 0.6p means you have 1,250,000 shares.
Consolidate them by 40 means your new shareholding is 31,250.
If the list at 1p each which seems a fair bet, then you are looking at £312.50
I know alot of talk about would we or wouldn't we re-list, but now we are, any thoughts on:
Initial list price (at a reasonable, fair and marketable value)
And short, mid and longer term potential SP?
I stand a chance of making some money back, but i can either sell and re-claim some, or hold out and maybe we get a little boost and i can make back some more. (I dare not talk of profit after 11 years here!!!!!)
Thanks
Not sure but Ill have a go..
76% dilution would mean 7.5 at .6 :
7500 x 0.24 = £1800
Then were it to relist at 1.2p (for convience)
1800 x2 = £3600
?
Can anyone with knowledge enlighten this BB on the value of our shares here?
I had shares worth £7.5k at an average of 0.6p when Minty and Burton pulled the plug!
Any thoughts on what our holding in the newly floated company will be?
Anything above £100 will clearly be a bonus :)
GLA
2 December 2021
Nu-Oil and Gas plc ('the Company')
Publication of a Prospectus
Nu-Oil and Gas plc is pleased to announce the publication of a prospectus dated 2 December 2021 ("Prospectus"). The Prospectus, which has been approved by the FCA, has been published on the Company's website at https://nu-oilandgas.com/investors/shareholder-information and will also be available at the FCA's Document Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
The Prospectus has been produced in connection with:
· The proposed conditional acquisitions of Guardian Maritime Ltd. and Guardian Barriers IP Ltd., as previously announced by the Company
· The proposed change of name for the combined new entity to Guardian Global Security plc
· A 1 for 40 share consolidation
· A proposed Placing to raise a minimum of £2 million and a maximum of £2.5 million new equity to support the enlarged entity
· Debt Restructuring
· Admission of the Enlarged Issued Share Capital to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities ("Admission")
Subject to completion of the minimum fundraise, Admission is expected to take place on or around 22 December 2021.
Posting on advfn suggesting listing on 22nd December!
I dont think so m8
Last day of November tomorrow and still nothing.
It’s over
Wishful thinking