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Behind a paywall, so may not be available to all, main points:
-list on the London stock market in autumn with a valuation of up to £500 million
-raise up to €250 million initially through the issue of convertible bonds and then via new shares
-expected to be making a €25 million profit last year before being grounded by the pandemic
-took loans of €62 million from the Romanian government
https://www.thetimes.co.uk/article/romanian-airline-blue-air-plans-250m-float-d6c70l6dz
https://www.cityam.com/romanian-flier-blue-air-to-list-in-london/
Could be premium funding here & Greg's £2 achievable !!
Hoping for a lot more than £2 SP after consolidation
Let's hope that comes to fruition. However, I wonder how 10p, let alone £2, will look after consolidation. Any thoughts? It's all relative I suppose and at least we're in it to potentially win it.
It doesn't matter what it's like they'll still be value there & remember were not talking some aim crapheap which has diluted 50 times on the way to billions of shares like ukog etc , were talking about a rto that will make one of the biggest companies on aim .
Going by them article it's all part of the long term growth plan .
I agree, there is definitely value here and it looks like we're in the right place and time to do well. Even in the years to come, this could become a major LCC. However, it is relative. By that I mean the shares are to be consolidated and our slice of the pie could potentially be cut thin. Any ideas on the consolidation ratio?
We can start to put some rough (I mean very rough and please let's debate) numbers together if the ambition is to list at 500mil. What was RDGC's mcap pre-suspension? 6 million? That's a difference of 98.8%. So let's say pre-consolidation you had £1000 worth of shares, you now potentially have £98800. Well done you.
What will the consolidation be?
10:1? You now have £9880.
50:1? You now have £1976.
100:1? You now have £988.
SP predictions of 5p or £2p need to be considered in context of (potential) consolidation as outlined in previous couple of posts. I think star786 sums it up best - "you may be looking at a 2x to 7x multiplier to your original investment." This is the relevant metric for me, regardless of SP.
Where does 2 x 7 times come from?
A consolidation has no effect on the total value of your shares.
Just looking at these options, there are 2 awards:
22 Jan - 5,300,614 Options @1.65p
24 Feb - 15,000,000 Options @ 1.8p
The Options are exercisable from the date falling 12 months from the date of grant.
SP price on re-list may not be as important as it is from Q1 22 in this respect (to them, it is ofc to us!).
My rule of thumb is times the options strike price minimum.
Agree the prospect of using funds to lease more planes and fly from major hubs (heathrow and cdg) makes this a very exciting proposition with the possible of multiples above 500m.
The best thing is the template is already there with companies like Wizz. Get it right and we could be sitting on a goldmine.
Pandemic permitting of course.
Interesting post from other board ..
OK not guesswork let's crunch the numbers . We know through articles blue is expected to list at £500 mill cap agreed . ..
We also know that the rns stated issuing 9,022,495,560 shares to fund the purchase . The question is how much have they paid ??. If they've paid 500 mill that's 9,022,495,560 shares issues at approx 0.00550 pence ?? So that's where we would start . If they've paid 100 mill its 0.02p , but they've stated 500 mill cap .
Maybe I'm ****ing in the wind and way off but this is my thinking .
And also remember the plans are there for up 50 additional "game changing " eco planes so its a fantastic hold moving forward
The 9bn shares represent 95% so need to include the existing RDGC shares as well, which are around 430m i believe. The RNS also mentions a fundraise and a placing so Shares in Issue on relist, which is currently unknown is more relevant imo.
By the way, IME re-listed today after failed RTO - ouch!
What's 5% of 500 mill .
25 mill .
Rdgc suspended at approx 5mill cap so i see it as a 5bag minimum here .
I've already been down the merc dealership lmao
I'm hoping for a successful deal and re-list around Oct.
Too late to deramp now as all holders are locked in. So that means any deramper must be gutted their missing out ;)
Greg’s £2 a share is before consolidating and before all the extra shares issued. So he’s holding for almost a 200 bagger.
200 bagger isnt possible. We would need to have a £20Billion market cap to get that. However i do think a 20 bagger is possible, where the market cap would be just £2B