Placing was to buy cake/bake27 Jan 2025 08:59
I think it’s becoming increasingly obvious that the placing was done to buy cake, instead of using company cash.
If the placing was done prior to announcing bake, the price the placing would have needed to be done at would have been very very low.
They have played a blinder in my eyes, if I’m correct, to announce the take over, let the SP rise then do a placing to raise the cash.
After all after interims there no real knowledge on how much the company is holding cash wise, until the rest of the company divisions line up reporting wise.
Now most of you will sit there thinking I’m talking rubbish, but it makes massive sense and we will shortly see who is correct.