The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
As it stands you have the opportunity to buy a highly regarded tech company who are working with the biggest names in the industry for cash per share and at 50% discount to the recent placing price.
The institutional support at 3p says it all they would not support the company if they hadn’t been given significant details of the potential.
The opportunity to buy under half the recent placing price is now nobody can tell when sentiment will change or news released but one thing is certain when either occurs you will be paying closer to 3p. The smart move if you believe in the company is tho take a position now when you can and not try and be cute by saving a few points that way you’re ahead of the crowd and scrabble to buy on news.
That was me I bought 2.5 million shares today how often do you get to buy a tech company with leading edge technology for a significant discount to cash per share. This company will be bought out at multiplies of the current price this year.
Based on the information provided, as of the record date for the share reorganization and bonus issue on 1 June 2023, you held one million old shares.
Considering the share reorganization, let's calculate your new holding after the subdivisions, consolidations, and bonus issue:
Share Reorganization:
Initial Subdivision: Each Existing Ordinary Share is subdivided into 13 Sub-divided Shares.
Therefore, your one million old shares would become: 1,000,000 x 13 = 13,000,000 sub-divided shares.
Consolidation: Every 659 Sub-divided Shares are consolidated into one Post-Consolidation Share.
Divide the total number of sub-divided shares by 659 to find the number of post-consolidation shares: 13,000,000 / 659 = 19,757 post-consolidation shares.
Second Subdivision: Each Post-Consolidation Share is further subdivided into one new ordinary share (GBP0.01) and one new deferred share (GBP0.50).
Multiply the number of post-consolidation shares by 2 to account for the subdivision: 19,757 x 2 = 39,514 new shares (ordinary + deferred).
Bonus Issue:
Each holder of Ordinary Shares (following the Share Reorganization) will receive one New Preference Share for every Ordinary Share held.
Therefore, you will receive one New Preference Share for each of the 39,514 new shares you hold.
https://twitter.com/bentley43david/status/1630503681283043328?s=46&t=5q9MRoUgBRJOqGBmhMGcJA
https://twitter.com/bentley43david/status/1611386727410827265?s=48&t=o4DjVdwubIX60INdU3lHyw
https://twitter.com/zerohedge/status/1606205502844698626?s=46&t=Zgp2rP_U1n-ZI_Lj3VH4tA
https://twitter.com/upto2m/status/1588470744216133633?s=46&t=KY_vPJUXFxuUkD_oMoEUcw
You’d think with all the negative posts nobody actually wants the company to succeed Can we not celebrate success in this country?
No wonder valuations are so low in the UK it’s peoples genuinely unhealthy approach to risk Congratulations #BIDS great progress
How can you take shareholder money stating you’ll update us on plans in weeks ahead and then say nothing for months. If they haven’t achieved anything in this period they never will.
https://twitter.com/bentley43david/status/1335617451413868546?s=21
Read the facts here https://www.lse.co.uk/rns/DDDD/proposed-merger-intention-to-seek-nasdaq-listing-hyq8uuzbiclaj8y.html