RE: Noel8 Mar 2023 10:15
If II's are going to get on board then we still wouldn't know about it, it'll be at least 4 weeks after SD, maybe more, they will have internal processes. However we need to look at scale, lets suggest that they invest £15m, roughly 5% of the companies MCap, that's going to need additional approval as it's a decent chunk of a company, but what's the upside, maybe hitting £150m, so £135m profit if they sold which would be tricky without dropping the price. £135m is a nice lump of profit but it's not enormous, not for big IIs. Reality is they'll be working at sub 5%, so to be meaningful that'll be the smaller IIs.
I used to work at an investment/insurance co. in procurement and reg reporting, and I asked about smaller company investing after a company wide presentation ra ra session. They do have teams that focus on smaller scale businesses and they do have expertise to understand what was said.