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Tomorrows predictions for the SP
Well for me, I now need this price to double for me too break even, i wonder if I will ever get my money back ?
great for you guys who have got in at the bottom price though
G L A
When SP had fallen to £1 old money it seemed cheap, that would now equate to 1500p a share, so to answer your wonder...... probably yes.
**copied**
Hi, is the sales office open today, trying to make a booking but cannot get through, holding for a long time.
Hi **** it sure is, apologies for your delay, we will get to you as soon as possible, we are inundated with sales calls.
In other words Robleo - hold, it will happen
Jasonsdad
£1 old money equates to £15 now?
Amazingly I know the majority of people here agree with that statement so let’s do some basic maths :-
£1 old price.
1,122,003,328 (1.1 BILLION) shares in circulation at that time so Mcap =
£1.1 Billion.
£15 now.
139,594,769 (140 MILLION) shares in circulation now so Mcap = £2.1 Billion.
Can anybody explain this?
Banbury? Anybody?
Rox,
EQUITY RAISE!!!!
Nobody?
I can - It’s not true!!
I’m like a dog with a bone with this and I know it’s falling on deaf ears! Lol
The higher the old price becomes the more ridiculous this idea of simply multiplying it by 15 ignoring the additional 1 Billion extra new shares!!
However I do agree with Banbury that at least part of the £140m must add to the Mcap when doing a direct old/new share price comparison but in Jasonsdad example it has jumped to an extra £1 Billion!!
Rox, not sure if this answers your question. Just in case you are new to the share - there was (an approximate) doubling of the equity base, followed shortly thereafter by a share consolidation.
So yes, £1 'old money' does not equate to £15 'new money'. Nor does that phantom bid of 33p/share 'old' equate to £4.95p 'new'. I never did think so.
Sharefall... glad you agree about the DT. I see it has been repeated in other papers. This reeks of Palace leaks propaganda. They are Grandmasters in the art of public manipulation through the press. It's all about promoting that family and their continuity to their 'Subjects'. Look back at the Queen's Christmas message. Surrounding her was a photo of her father, Charles and Camilla (not Andrew or Edward), William (not 'Arry) and William's eldest son. The message was subliminal, but clear. This is the line of succession. Nothing else matters. Everything they do should be viewed in that light.
I am not speaking as an out and out leftie loon. My brother studied at Gordonstoun many moons ago with the (older) Princes and I've met the Duke of Edinburgh (they were Patron and President of my English Pubic School) and a fistful of toffs and sat in the Royal Box at Epsom.
Let me stress I'm not trying to show off, but just pointing out I'm not indulging in sour grapes.
Slownsteady, Agreed, I suspect most people on the board were probably aware there was an equity raise and additional shares were issued. RoxburyHouse stated more detail for anyone who is still not aware. My reply was to Robleo who said he needed the SP to double to get his money back, therefore 800p so 53p before consolidation. If this company was ever worth 2775p (185 x 15), then if we see more normality returning in the next 2 months the answer suggests Robleo would get his money back.
So, what would be a more accurate “old money” figure be now (based on the current price of £4)?
The easiest comparison is to assume approx. half, so versus the IPO at 185p per share would now be close to a direct comparison of 90p now or 1350 after consolidation.
Jasonsdad Yes!
At last somebody has taken into account the billion shares. Hurray!!!!
What Jasonsdad has done there is ‘halved’ the old share price and then correctly multiplied it by 15 to get the current share price. The reverse of this is to divide the current share price by 15 and then double but everybody here forgets the ‘double’
Here is the actual correct calculation.
Just over 8 ie
My calculations :-
Stage1
1,122,003,328 (1.1 BILLION) shares BEFORE dilution ie The ‘OLD’ share price.
Stage2
2,093,921,536 (2.1 BILLION) shares AFTER dilution.
Stage3
139,594,769 (140 MILLION) shares AFTER 15:1 Consolidation. Ie The ‘NEW’ (current) share price.
If we simply divide the current share price by 15 (which most people here do) that converts the price to the mid stage2 completely ignoring the extra billion shares. It needs converting AGAIN to get back to the ‘OLD’ share price Stage1.
The easy answer is to miss out Stage2 and divide the current ‘NEW’ share price Stage3 by 8.04 to get to Stage1 the ‘OLD’ share price ie
1,122,003,328/139,594,769 = 8.04
So the IPO of £1.85 old price is 185 x 8.04 = £14.87 new.
Perturbed your question is the other way round ie new £4 new to old so we have to divide by 8.04 ie
400/8.04 = 49.75p
Hope this helps!
That’s bang on Roxbury.
I’m quite flabbergasted investors don’t already know this.
Anyhow new money/old money.. none of it really matters.
All that matters is forward earnings and the multiple applied to those earnings to get us to a decent mkt cap once again!
cheers guys will be nice to break even, and hopefully make a profit, if the sp doubles, this used to be a good dividend payer as well, maybe a return of that as well, at a later date
The elephant in the room though (as Banbury correctly points out) is what about the £140m cash raised?
It can’t be ignored but equally it can’t just be added to the Mcap.
I personally deal with it by just being aware of it.
Truth is that it just doesn’t matter anymore in fact this is the last time I’m ever going to mention it (unless somebody else brings it up first!) ha ha