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Hi MN1980, hope you are well, I bought back in again, yesterday. This is a really good investment. Only 57.37 million shares issued and so much potential.
Quiet on here?
Just checking I’m not the only one still invested??
Hi guys, got crushed friday but markets turned after the close.
Anyone got any views on Mast Developments. Ipo is later this month. Its actually got some power assets and is being spun out of kibo energy. Ive come across it but trying to gauge as much info as i can before buying.
Any help appreciated , also is anyone committed to purchasing already on the day of the ipo?
Merci
i know a couple of SPAC below have risen and their mcap is a couple of times their cash. however, which one is the cheapest SPAC, and by cheapest, i mean mcap is mostly covered by cash or mcap is not too far off from cash.
CRTM
FPP
MUST
PNPL
ORM
SNT
??
I agree best to be cautious, but looking optimistic:-)
davi
still early days and is good to see the good performance
btw they are paying 9.42p if you want to sell, so very encouraging
Back at the 10p mark. Let's hope it can stay north of that now before any acquisition/suspension of trading.
and gone to 9.75 offer
9 v 9.50p - only 1 left at 9.50p , was 4 earlier on and sells at at higher price all the time 9.26, 9.28 then 9.29p,
paying full offer in other words ready to go
Thanks for the info MasterRSI
9 v 9.50p +0.50p
Looking really good as paying 9.27p to sell and 9.435p to buy a good size buyer 256K earlier paid premium 9.25p when offer was 9p
26-Feb-21 08:21:59 9.25p 256,275 shares
good to hear, at least some posters trying to make sense, and can NOT say for others, on the filter
Appreciate the explanation MasterRSI - you have answered my question - the purchase is in shares - I had assumed that the placing was the vehicle to generate the cash to purchase the company, which is how my research prior to asking the question, positioned the acquisition process. Must be more than one way to purchase - share or cash or combo.
9.25p +0.50 (5.71%)
The tango goes on early in the morning, though the Market is well down
Encouraging signs of a climb again so far this morning.
8.75p +0.625 (7.69%)
JerseyCrew
re - I am not sure I understand ..... having the SP as high as possible to make it cheaper to buy another company
The concept of a shell company is that, to have a big premium to cash holding when bidding for any company, so they will use less shares on the bid process.
example: trying to take over a company valued at £10M and paying in shares
If PNPL share price is 20p they need to issue 100M shares
but if is only 10p will need double that 100M shares.
Naturally can sugarcoat the bidding process offering some cash from their resources, that is how usually is done.
No time to explain any more, you will have to research yourself, I already spend a lot of my time over here, and so far is working what I said, share price was ready to move up again.
No stupid break out comments from master idiot today or picking arguments- wow, well done master idiot. Now if only those charts of yours could start working
I must admit to still trying to get my head around SPAC's. From what I can glean this company raised £1.316M gross before expenses and there are now 57,367,211 ordinary shares in issue and at todays price of 8.75p that makes the current MC £5.019M.
So there is a balance sheet with cash assets - after costs but lets say £1.3M anyway, and the market is valuing this at just over £5M.
If I have this correct so far I am not sure I understand the comment about having the SP as high as possible to make it cheaper to buy another company? The company has what it has in terms of cash - the SP has got nothing to do with what funds the company have to acquire a company.
Genuine question - what am I missing here? Will the company issue more shares as part of any purchase agreement and that is why it is good to have a higher SP?
Definitely, fingers crossed it will continue to move in the right direction :-)
You said it.... hard to predict of course!
But the company will be happy to have the SP as high as possible in order to make it cheaper to acquire any company
What price for you think it might be when an acquisition is announced?hard to predict of course!
And now 8.50 v 9p, who is going to tango tonight ....... The Master
Tango dancing.. https://www.youtube.com/watch?v=kw76l_xhMLw
Looks like you might be right Master :-)
Good to hear. Hopefully some momentum builds and then to some positive aquisition news.
Is on the move as the tango is going on, bid to 8.25p