The cynical me would say this as been walked down to this sp level knowing a fundraise was coming, of course it’s a small discount to the closing price but bearing where the sp was after the Nationwide news it’s a big discount. A accelerated book build as I have read could be when a company is in urgent need of funds, not sure how the sp will react first thing it is after all more dilution
The big question is when are they going to the market for additional funding ? It’s mentioned again in the interim report. I’m guessing that has had a negative effect
What is the thought on a cash raise to fund the rollout in Ohio, my thoughts were they had plenty of income from warrants etc but the scale of this new deal makes me wonder, be glad for any other opinion on this
With the rollout in the US with Nationwide our current Mcap is way undervalued there is 5.3 million households in Ohio the first state leakbot is going to be introduced to by Nationwide and they cover 36 states in total, the numbers are mind boggling even after allowing for unsuitable properties . Broker valuation currently at 50p I expect that to be raised.