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Suspect the current buyers are new holders looking to pick up more cheap shares via the Wrap offer before it closes.
The higher the sp rises by 11:00am the greater the oversubscription is likely to be. Currently 10p on the Wrap offer vs 11.5p on the open market, that's already a 15% discount & could go higher yet. May see a surge of late applications for Wrap shares.
I think PH have filled their boots Andy.
Morning everyone. Interesting that at the bottom of today’s RNS Peel Hunt are not listed. Maybe we’ve finally told them to do one after all the damage they’ve inflicted upon the company?? Gla. Andy. 😊
Smart the main thing, is invest through the wrap then Sareum get your cash. Open market the seller gets the cash, and the MMs get the commission.
Mafuta: "Looks like we'll get what we've subscribed for". Extremely unlikely IMV. I expect the Wrap offer to be massively oversubscribed from the original target, and they won't want to pull any back from the Insti's, so I still expect reduced allocations for II's. Hope you're right though, be good if they could use the Wrap offer to rid themselves of RF completely. As falkirk says, why on earth didn't they do this before instead of allowing RF in?
Smart, it's unlikely one will be able to. Now the oversubscription has been confirmed, IMHO the only way is up from here.
Investing.com shows a 2% rise in SP this morning. Yet nothing on LSE, anyone else having the same issue?
Thanks sad
Question - What difference it makes if one buys from open market at the same price and not participate in the offer
Rayboy
Hargreaves Lansdown.
Can open an account on line easily
Also good to know they won’t be giving up their shares easily so on hopefully good news how much are the mm s willing to pay for them
GLA
As expected, SAR's army of small investors are giving a very clear message to the company and to the stock market. We're 100% behind you, now go & get the job finished.
Ii is taking part
Seems positive
Qu 1 for Parker
Why didn’t we do this rather than the RF nonsense?
Looks like we'll get what we've subscribed for ... Let see what happens when the offer expires LH&K Mafuta
Where can I get some lse not taking part
But is more shares more dilution
Anyway hopefully a good day
Great news
Imagine the demand if more of the major brokers had been involved
Looks like SAR are indeed increasing the size of the retail offer!
In their 3 big subscriptions in 2020 the HNWI’s subscribed for approx 1.5 million shares; in the current offer the HNWIs are subscribing for 2.25 million shares so if it is the same guys then there will be a bit of averaging down for them as well as for us smaller fry.
Please take into account the following.
https://www.lse.co.uk/rns/SAR/equity-fundraise-nlaqyaeq4r8ir0s.html
Thanks SOG for clarification
WRAP is limited to 300k as per RNS.
'It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription at the Placing Price does not exceed £300,000.'
Regards
That would be a great outcome. Why shouldn't they if punters want it?