We would love to hear your thoughts about our site and services, please take our survey here.
Good news for UUUU holders too - I know some of you hold this as well. The regulatory reform and land access for Uranium would be welcome in other countries too...
https://www.proactiveinvestors.com/companies/news/918075/energy-fuels-applauds-president-s-nuclear-fuel-working-group-for-developing-strategy-to-restore-us-nuclear-energy-leadership-918075.html
Directly purchasing uranium by establishing a uranium reserve, ending the Department of Energy's bartering of uranium and re-evaluating DOE's excess uranium inventory management policy are among the US Nuclear Fuel Working Group's (NFWG) recommendations to the US Administration in a strategy it published yesterday on reviving the USA's nuclear fuel cycle.
The Strategy to Restore American Nuclear Energy Leadership recommends:
-Making direct US government purchases of 17-19 million pounds of uranium beginning in 2020 for a strategic uranium reserve (which has already been reflected in the President's fiscal 2021 budget, which contemplates expenditures of $150 million per year over a 10-year period, totaling $1.5 billion, to create this strategic uranium reserve)
Ending the Department of Energy uranium bartering program that has directly competed against domestic uranium miners in the past.
Supporting the Department of Commerce's efforts to extend the Russian Suspension Agreement (RSA) to prevent dumping of Russian uranium in the US, and "the consideration of further lowering the cap on Russian imports under future RSA terms.”
Enabling the US Nuclear Regulatory Commission to deny imports of fabricated nuclear fuel from Russia.
Streamlining regulatory reform and land access for uranium.
https://www.world-nuclear-news.org/Articles/Working-group-lays-out-strategy-for-reviving-US-in
It's just rumours that have been circulating for a couple of months, EthioEthio. There is no way to prove any truth or otherwise in these of course. This week should tell us more.
SP Angel mining/ mineral clients FYI:
https://www.dropbox.com/scl/fi/cuts6j405xws36zdxgs8f/Book.xlsx?dl=0&new=1&rlkey=jel3ebfupvq8hmbj508gvlfq2
Yes, these rumours about WHI resigning were quite widespread at the time on Twitter and elsewhere and have proved to be correct. Apparently WH Ireland stopped acting as a market maker for EUA a week or so before suspension, which probably fuelled the rumours. The rumours that EUA were in negotiations with SP Angel to take over as NOMAD were also in circulation in February. We'll find out this week I presume.
ftsedow
Yes, it's a similar scenario to many other points of view we take; take out the extreme polar points of view, analyse the middle ground and come up with a reasoned conclusion. If you were not presented with these diverse opinions, you would not be in as strong a position to make informed decisions.
Just for balance, some fair points here I would think:
https://www.stockopedia.com/blog/can-you-beat-the-market-reading-stock-market-bulletin-boards-144414/
Hi jeffa,
This would give FW a mcap of $856.25m, thus valuing our fully diluted stake (36.61%) at $313.47m. This then would equate to £253.91m or £1.05 per share?
If you can provide a link to the valuation of our investment today at 0.8% of FW, that would be much appreciated.
Many thanks and all the best.
Allied committed cash to 50% of the fundraise ($6.85m out of $13.7m) so have marginally increased their % holding in FW.
Comment from our co-investors at Pennant:
"Over the last three decades, control and management of scarce spectrum assets has been the driver of hundreds of billions of dollars in market capitalization for wireless carriers in the US," said Tim McDonald of Pennant Investors. "Federated Wireless is the clear market leader in delivering spectrum as-a-service, turning what had previously been a high fixed cost asset – spectrum licenses – into a variable, price-per-connection service. This is a game changer in wireless, enabling not only wireless carriers and cable companies, but also cloud service providers such as AWS and Microsoft, to offer valuable connectivity services over shared spectrum resources."
Good news that ALM have contributed 50% of the raise. There seems to be real momentum behind Federated Wireless at the moment.
I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.
To the boards and management teams of the UK’s listed companies.
COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.
Here are the facts:
The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]
UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.
The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”
While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.
Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).
We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.
This is more than just good governance
Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]
This letter requests the following calls to action:
UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise
All deal advisors ensure retail investors are part of their thinking when structuring a fundraise
Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”
We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.
https://allinvestorsmatter.co.uk/
I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.
To the boards and management teams of the UK’s listed companies.
COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.
Here are the facts:
The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]
UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.
The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”
While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.
Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).
We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.
This is more than just good governance
Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]
This letter requests the following calls to action:
UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise
All deal advisors ensure retail investors are part of their thinking when structuring a fundraise
Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”
We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.
https://allinvestorsmatter.co.uk/
I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.
To the boards and management teams of the UK’s listed companies.
COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.
Here are the facts:
The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]
UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.
The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”
While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.
Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).
We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.
This is more than just good governance
Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]
This letter requests the following calls to action:
UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise
All deal advisors ensure retail investors are part of their thinking when structuring a fundraise
Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”
We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.
https://allinvestorsmatter.co.uk/
I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.
To the boards and management teams of the UK’s listed companies.
COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.
Here are the facts:
The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]
UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.
The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”
While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.
Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).
We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.
This is more than just good governance
Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]
This letter requests the following calls to action:
UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise
All deal advisors ensure retail investors are part of their thinking when structuring a fundraise
Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”
We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.
https://allinvestorsmatter.co.uk/
I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.
To the boards and management teams of the UK’s listed companies.
COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.
Here are the facts:
The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]
UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.
The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”
While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.
Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).
We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.
This is more than just good governance
Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]
This letter requests the following calls to action:
UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise
All deal advisors ensure retail investors are part of their thinking when structuring a fundraise
Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”
We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.
https://allinvestorsmatter.co.uk/
I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.
To the boards and management teams of the UK’s listed companies.
COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.
Here are the facts:
The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]
UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.
The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”
While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.
Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).
We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.
This is more than just good governance
Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]
This letter requests the following calls to action:
UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise
All deal advisors ensure retail investors are part of their thinking when structuring a fundraise
Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”
We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.
https://allinvestorsmatter.co.uk/
I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.
To the boards and management teams of the UK’s listed companies.
COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.
Here are the facts:
The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]
UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.
The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”
While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.
Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).
We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.
This is more than just good governance
Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]
This letter requests the following calls to action:
UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise
All deal advisors ensure retail investors are part of their thinking when structuring a fundraise
Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”
We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.
https://allinvestorsmatter.co.uk/
I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.
To the boards and management teams of the UK’s listed companies.
COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.
Here are the facts:
The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]
UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.
The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”
While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.
Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).
We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.
This is more than just good governance
Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]
This letter requests the following calls to action:
UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise
All deal advisors ensure retail investors are part of their thinking when structuring a fundraise
Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”
We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.
https://allinvestorsmatter.co.uk/
How about Grant Thornton? They're the company's current auditors and have been for some time, so know the company's financials and business model inside out. No need for site visits, extra DD, etc. The downside to this theory is that they've fulfilled this role before; I think they were appointed in 1999 and passed the role to WHI a few years later. I'm also slightly doubtful as to whether in this day and age there may be a potential conflict between the two roles which they might not want to take on at present.
https://www.aimlisting.co.uk/nomads/