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Not the strategic investor I presumed. As on another bb 111 million shares place with 89 million left.
They will probably look to reduce that amount.
?? Having just bought a 20% stake in VDTK at a whopping 40% discount why on Earth would they instantly look to shed a load of shares for slightly less money and well before any progress can have been made on the the MOU.
I’m more persuaded by the argument they will hold until the sp is back at 1.35p+ before Offloading a third and then put themselves on a free carry. Unless of course things really do start to hot up with Lindab and RTG sales. The sp was at 1.75p only three months ago and other than this placing and the dilution the company has actually only had positive news as far as I can tell. Wtfdik
Roger they have already sold around 20 million. Unfortunately Peel are like a bucket shop market maker. You will see them increase or decrease their holdings. However their ultimate goal is to offload the lot.
Are you sure it’s Peel Hunt?
Seems very odd for a market maker to buy quite so many shares where daily liquidity is almost zero. At this rate it could take them half a year or more and they’d most likely have to sell at a loss. The profit from transaction fees would be fairly negligible. Just doesn’t make sense imho
It will be for a one of their private clients.
Can’t imagine a private client being very happy if they’ve been persuaded by Peel Hunt to buy £500k worth of shares at .45p only for Peel Hunt to take months and months to sell them at between .47 and .48 plus the transaction fees.
Not persuaded by this scenario. Any savvy investor would not chuck half a million quid into a struggling company to try and make a profit of 2 or 3 % over several months, especially if there’s only an MOU in place ie no guarantee yet the company is going places.
Far more likely they’ve been in direct communication with VDTK and know exactly what’s in the pipeline. Still no guarantees of success but if they were convinced by Rob Richards that in 9 months time the factory will be up and running and they’ll increase sales in every territory and that the sp will get back to over a penny and they’lldouble their investment in about a year and be happy to hold, not dump every share they’ve only just bought.
Maybe the client wanted a lesser amount, but to get them at the discounted price had to buy more than they actually wanted. That would explain why they are reducing.
Would verdi have agreed to such a discount for only £250k for instance. I doubt PH advised the client. Just acting on behalf of. Bottom line is we don't know what the actual intentions of this investor are . With AIM stocks it's often a case of smoke & mirrors. Good luck to you.
Nah sorry. Don’t buy that either. There was always the chance the sp would really collapse much lower than .45p Whatever they put in they would have wanted to know as much as possible about future plans or else it’s a gamble with half a million quid. You’re suggesting they may have only wanted £250k at .45 and in order to get that they were willing to throw another £250k which they’d ‘hope’ to get back immediately?? Doesn’t make any sense to me.
Still no TR1. It’s outrageous how iis can circumnavigate the rules ordinary pis are told are central to the smooth and fair running of the stock market.
All a bit shabby from Verditek’s BODs. Again
With almost zero liquidity now we cd be stuck at this level for months. This must have been a disastrous move for the strategic investor unless they’re intending to hold until there’s more positive news