The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Useful info Jarv55, thanks.
It's quite rare for a company to announce when they're going to be announcing the next bit of information. It's surprised me this morning that the funding RNS was released, especially as they've only had yesterday afternoon and a few hours this morning to finalise it all.
They must be so close to everything, but just giving themselves a little time as a buffer.
Fingers crossed the trial is successful, which is likely as they've got funding to take it to the next stage.
Haha, not quite....yet!
Nice :-)
Maybe I spoke too soon.
Sellers are at it!
Once they've bailed, hopefully the next leg up
Quite a flat (boring) couple of hours.
Still holding up well, which bodes well for Monday morning.
Price doesn’t seem to have moved at all for over 10mins
I’ll settle for a 25% rise each day till the rns lands and then boom; double bag!
DYOR to all newbies
FULL ask being paid!
People clearly realising what's going on here and taking positions.
3.00 - 3.30p!
Wow, just what most of us had expected! It's lovely to see the funding RNS released earlier - the company really cracking on with things and making progress!
Onwards and upwards now!
Funding firmly cemented
Brilliant price, which sets 2p as the base.
Company has 149m shares currently issued, with a further 38m shares (25%) given at 2p.
Positive RNS:
- we haven't diluted the company significantly
- the placing is HIGHER than yesterday's opening price of 1.8p
- the RNS landed yesterday when the price was 3.7p and worded as "significantly" lower than current price
- we now have sufficient funding to proceed further
- less than a week away before another RNS out
This company definitely knows how to keep its shareholders informed.
""I would like to take this opportunity to thank existing investors for their support of the Company and to welcome the new shareholders who have joined Catenae.
"The fundraising underpins the Board's strategy to strengthen the balance sheet and provide the Company with the resource to execute on our plans.
"The Board is excited by the Company's prospects and looks forward to creating long-term value for all our stakeholders.""
People are selling due to impatience.
There's plenty of rising stocks elsewhere right now, so they're chasing these; FOMO!
Currently at 2.7-2.8p here. Hopefully a bounce back into 3p coming.
Most companies require additional funding to move on with projects, especially right now that revenue has dried up from sales (due to COVID19).
So it's not unusual for this to take place. It's either from banks or shareholders; the latter being explored by CTEA.
The company is currently value at £4m, so although the fundraising will dilute the company shares, it's highly unlikely that they will give away £4m worth of shares at half the current price.
Back into 3p territory now.
There won’t be another “speeding ticket” today, that’s for sure!
Looking forward to the rollercoaster ride today.
Looks promising mate.
Been offered 2.93p to sell and 3.09p to buy.
Creeping up slowly into the 3p.
Fingers crossed it goes towards 4p today.
Can’t get a sell price at the moment. Going into NT.
I was being offered 3.02p at open.
Nice to see this rise and hopefully it continues through the day for all.
2.9p to sell and 3.0p to buy
Nice
£150m is peanuts for the government to take a stake in this!
I can sell for 2.53 and buy for 2.8p
I'ts been a fun day, and although I'm down overall on this (avg 3.1p), I'm holding on to see this RNS come through.
10p would make this company worth £15m, which is absolutely tiny for it's working on at the moment!
We have seen how volatile this is but with an upward trend.
This moves extremely fast once it gets going.
Wouldn’t want to be out of this when the RNS lands let alone overnight!