RE: Any reason for today's fall?1 May 2024 07:23
Morning
Rns 19 December it looks like Gsf received over £15,000,000 from Nidec for 14m shares
Rns March Gsf issued 9.7m shares for which they will start to receive revenue from the assets purchased.
So apart from Gsf having to pay a dividend on the new shares we have a big injection of cash and immediate additional revenue from the Irish assets.
Time will tell but apart from the book value of my holding surely the dividend is covered
Nidec will be subscribing for 14,000,000 new ordinary shares in the capital of the Company (the "Ordinary Shares") at 112.9 pence per Ordinary Share, being the 30 September 2023 NAV announced on 14 December 2023, resulting in gross proceeds of £15,806,000 to the Company