CIZ - CHUNKY AFTER HOURS BUYS14 Feb 2022 18:20
I suspect we will have a nice move again tomorrow and the next day and the day..........
The price has a lot of legs and we cycled through a lot of the fast 10-25% traders today. Realistically, both Conduit Pharmaceuticals Limited ("Conduit") and St George Street Capital Limited ("SGSC") will be very aware of the value in the current price and are inside - so the company will be able to talk freely. So the premium price tells the market what we are looking at here.
Lots and lots of upside!
At a time when most of the market would struggle to raise, bookbuild or attract attention they pulled off a great deal at a heavy premium 56.9%. Don't over look that fact and don't over look the fact you can still buy at huge discount for a small window of time.
I think the company pulled off a blinder, great deal and a good price and uncapped too! I mean if Carlsberg did RNS....
Not only that but the enlarged total share issue size is still tiny at 278m and a chunk of that will be locked away as clearly they won't be selling below 5 or 6p probably a lot higher.