Member Info for camelot5

So, does RR. approach SYME initially or does SYME approach RR. ?

Rolls-Royce is poised to tap investors for £2.5billion at a steep discount to the current share price to solve its funding crisis, The Mail on Sunday understands.

City sources said it was considering pricing the cash call at £1 per share – 35 per cent below Friday's closing price of £1.54.
The hefty discount – which will come as a blow to shareholders of the FTSE100 giant' – would encourage investors to back the aerospace giant which has been bled dry during the coronavirus crisis with planes grounded.
Following a story in The Mail on Sunday, Rolls confirmed on Monday it was weighing raising up to £2.5billion through 'a variety of structures including a rights issue and potentially other forms of equity issuance'.
The company added that it could also issue debt.
Sovereign wealth funds from Kuwait and Singapore are reported to be in talks to take stakes in Rolls as part of the fundraise.

Sky News reported on Friday that up to £500million of the £2.5billion has been allocated to sovereign wealth funds.
An announcement from Rolls could come as early as this week.
A spokesman for the company said: 'We continue to review all funding options to enhance balance sheet resilience and strength.

'No final decisions have been taken as to whether or when to proceed with any such options, the precise amount that may be raised, or any allotment of shares to any investor including any sovereign wealth fund.'

Volume increasing and sp responding positively.

Before golf : Cheers

259,045,000 @ 0.13 !!!!

More likely it doesn’t understand. This is a new and ‘Unique’ concept. Given time we will benefit from from this investment.

Buying at premium.

Code : 911

Well said Manna.

Nice summary Gheko.

Magmanus, SHORT!!!! No chance, and you’re certainly not getting.

magmanus : I hope you’re going to buy a ‘dickshunarry’ with your winnings?

I have never been invested in a company at this early stage with projected figures like I’m seeing on the boards on a daily basis, it’s just staggering. I believe in AZ, the company and it’s ambitions, I just wish I could control my enthusiasm a bit more.

SYME have planted a ‘Beanstalk’, hope they can keep up with growth and demand.

Was a significant shareholder at AAA.

Yes, they’re business ‘buddies’, their names appear closely linked on many ‘dealings.’

With the Normand / Akers connection anything’s possible. Great history of success working together.

AstroTurf.

Jarv where are you getting your figures from?

Have you got more info on this deal?