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Me too, full allocation of 666,666! devilishly good!

777....You gave yourself a 50% chance which is more than all the rest did, but then a monkey throwing darts is as successful as that !

An interesting exercise and illustrative of the impossibility of predicting and irrelevance of short term SP movements. IIRC NONE of the 30+ estimates of end/May SP(range 107.5-148p) were correct and ALL of them were wrong to the upside. If anyone still harbours any doubts that the only way to profit effectively from investment in shares is cautious, sensible planning for a long term hold, then surely the misplaced optimism of almost all of the board contributions here over the last few weeks should have convinced them .(Steps back and waits for a volley of responses !)

Just reading through the comments and ISTM that lots of people are missing a crucial point. The total fundraise is for £15 mill of which £ 3 mill is via the primary bid mechanism for PI's . The rest, £12 mill is from a bookbuild to II's, so PI's are being invited to buy only 20% max of the increased share issue and hence market cap. That EQT are expecting to raise £12 mill from the market is a very positive sign . In the real world all those II's will be signed up and will have agreed their participation long ago. That they are buying in at a relatively low discount is positive and that the SP is (currently) holding above the discount price is equally positive.
I hold here and have bid for a fairly large chunk in the expectation that the SP will not fall below the discount price (absent fresh bad news on a macro or company level), and that medium term prospects are highly positive.

Garry ....depending on where your accounts are you can "bed and ISA " if you have free space in the Isa account . Normally not too expensive

PJ ...as you will have seen the fundraise has been very positive for the SP, not always the case!

Looks like a win win , we lose a CEO about whom most of us had doubts and get a new one with what appears to be a track record in closely related therapies see this from the RNS
"Prior to Melt Pharmaceuticals, he was Chief Executive Officer of Keryx Biopharmaceuticals from 2015 to 2018, where he led the transformation of the organisation from development stage to commercial stage focused on Auryxia, an oral product for the treatment of hyperphosphatemia and iron deficiency anaemia,"

Garry .....the offer is ONLY available on the primary bid app. So if you haven't got the app download it on your phone , set up an account and follow the steps to invest .

Denby .... in 18 thousand years from now the SP should be way above 193p!!!!!!!

Trello...... your FT reference shows that only 4 out of 20 analysts regard RR as a buy and the range of SP estimates is skewed to the downside and ranges from -50% to + 50%, so not huge support from those better informed than the posters here. I would hazard a guess that ALL of the end/May estimates put forward here recently are too high, we'll see on Friday pm. If that proves to be the case it is an illuminating exercise in PI psychology and explains why the majority of PI's lose money. The thread title says it all.

As has been commented todays RNS merely reflects the exercise of an "option" agreed last December . the first exercise of the option took place in January at an exercise price of ~15.6p when the market price was 20p plus, todays exercise price is ~5.7p, so again below the market price. The option holder can obviously choose whether to hold or sell, though selling will probably push the SP down further and hence the value of the remaining options . On balance I think todays news is positive, the original doc says "Additional investments of three tranches of £2,000,000 each WILL BE MADE(my caps) by the Investor for new Shares with the value of £2,090,000 per tranche approximately three, six and nine months after the initial investment."
That implies that there is no provision to defer or cancel the payments for shares , so the funding source is secure. Whether a case could be argued that the GFG issue is sufficient to escape the commitment I'm not sure , but perhaps New tech are happy to carry on and may even find themselves with a more significant holding than they intended ,after all with a share base of ~500 mill, and a depressed SP as each tranche earns more shares they may eventually hold a quite significant percentage of the equity

Hi Rumbled, assuming my analysis is correct (and it may well not be!) the outcome of a new owner and a bid would depend on the perceived value of SAE , but if a new owner chosen by liquidators,( who will sell at a lower price than other holders would like) holds 43% they are in a pretty strong position to offer a "take it or leave it "price .SAE is currently worth £36 mill , so the 57% outstanding is about £20 mill, in a forced sale punters will get a hard nosed offer, which if they refuse might result in the company, in its present form folding , and the assets rather than the company being sold , with shareholders getting nothing. If you doubt my negativity, read back on the SXX saga , where lots of perennial optimists found out some harsh realities.

I've had a quick scan of the relevant pages of the Singapore takeover code , and it looks like GFG may have been in breach of the rules since it took a stake. I should have twigged earlier as , like the UK any holder of more than 30% of a company's equity is required to make a bid for the rest , that didn't happen a couple of years ago when the deal was struck . If I am right , then both companies are at fault as is , I guess the auditor and the CFO . The consequence for SAE is that whatever the rights and wrongs , some 43% of SAE is part of GFG's assets which could be claimed by liquidators to pay off debts. The sensible course would be to sell that 43% to a willing buyer and add the proceeds to the recoverable amount . The effect on SAE is of course , the price and the plans of a new owner, who would of course be required to bid for the rest of the asset.(likely at a knock down price) Effect on shareholders,? Unpredictable , but probably not good.

GI20 As a holder who does research on all my investments and generally posts news whether positive or not , I have concluded that the OTC action is window dressing or , on reflection overnight, is at best a way to allow the newly appointed US employees to buy in , or maybe receive nil price options and to trade them . I see no likelihood of major US investors driving the price up via OTC.

Been doing a bit of research on the latest RNS and TBH it's not very impressive. I assume you are all aware that OTC means "over the counter" ie trades are not on an exchange rather they are person to person or entity to entity . So it needs a willing buyer and a willing seller and there is no " market maker "as such . Given that I assume almost all of STX holders are UK based , the only way trades will occur in the short term is if a UK based entity wants to sell and receive dollars rather than pounds in return. I fear that the whole exercise , while probably inexpensive for STX is little more than window dressing, or at the kindest a very preliminary action which may benefit liquidity some years down the line. The only trades with significant volume on OTCQX appear to be crypto related and I am far from convinced of the merits of the exercise.

Sensationally underwhelming interview with the exception of re-iterating the "by end of Q2 21" launch commitment . This is now fundamental ,to offer that date on 17 May and miss would be catastrophic for confidence, ergo we must assume that it is a near- certainty or the company's SP is toast .

Update .... the report was in the ST business section and says that Rooney Anand ex Greene king "is among parties looking at hawthorn leisure... NRR plans to use the proceeds to pay down debt."
At last years half year NRR had £508 mill of debt at an average cost of 3.5% . thus debt funding cost ~£18mill per annum. the disposal revenue , if all used to pay down debt would create about £7mill more revenue pa , positive for sentiment but relatively minor in cash terms .NRR paid £106 mill in May 2018 for the hawthorn portfolio , but after costs to upgrade and mange, they may be exiting at little more than break even. still it simplifies the structure and may be a neat escape from a mistimed entry.

A story in the weekend papers suggests that NRR may be lining up a disposal of the Hawthorn pubs estate . A sum of ~£200 mill was quoted .Will add more detail later.

in my regular trawl through scientific papers i came across this https://www.sciencedaily.com/releases/2021/05/210513142456.htm
Another example of the recognition that air quality monitoring and control has a growing body of science-led pressure behind it.

While the AGM statement attempts to say almost nothing , it is clear that it implies a further loss this year of ~£3 bill and will likely cause a SP fall this morning. I will provide a more detailed analysis later this AM