Member Info for Crescendo

MBO? Unlikely. They have made their hard cash when they sold out and we lost ours - big time. Trying to decide whether to dump at a 75% loss or hold on. The cash from that transaction will be pretty meagre.

Very clear and much appreciated. I also assume the way to look at this on a current basis is to add the current value of your Open Orphan holding to the number of Poolbeg shares you will receive at their currently traded price to see if you are behind or ahead on the deal?

Sound words My Take. It is not pleasant seeing all the upside disappear but this company has sound fundamentals and it just needs to work through the benefits of the recent acquisitions and the latest wholesale partnership plus hopefully others to come. It is anti intuitive to buy at this point but I am certainly tempted.

Good question. The answer is clear for a fund raise with an existing traded share as it can help your allocation but does not apply here. Can't do any harm ticking the box IMHO as Open might well qualify as existing holding.

I have bought into three placings on Primary Bid and it is all very simple. Here are some facts which I hope are helpful.
Primary Bid enables PIs to participate in IPOs and additional fund raisings, although the total amount of shares being offered is usually a tiny fraction of the shares being issued, as most go to the institutions.
You can only buy through the app which is very easy to use. If you don’t like this, then that’s tough for that is how it works.
You set up your account with your broker, account number, your email etc you are ready to rock and roll. Remember to tick ‘notifications’ otherwise you won’t get advised by email or text when a placing is opened. I failed to do this just after I opened my account and a placing on a hot share was only open for a few minutes and it sold out. This situation is most unusual as usually there is a window for subscribing with a cut-off date which as far as I am aware they keep to.
The info on the offer is all on Primary Bid. If you want to buy just hit subscribe and complete the form. Make very sure you are buying the share you want as the name it is not visible throughout the process – poor site design.
As far as I am aware, you have to buy on your debit card and painfully enter it every time as it is not held. Be ready to verify your purchase with your bank as I had to do that every time.
Remember you are not buying through your broker but actually adding to your total position book value – sorry if this is obvious. I think the transaction comes out of your account immediately too but have not checked.
You will get a confirmation of your subscription application in your email. Simples
Some time after the subscription is closed (this varies) you will be sent an email detailing how many shares you have been allocated out of the total you have applied for. This might be all or less. If you have not received all you wanted the difference in cash will be automatically returned to your bank account.
Your holding will automatically appear on your trading platform a day or so after trading commences – at least that is what happened with IG. I just had to pop in my book value to make the accounting neat.
As far as I can see there is no charge from Primary Bid but there might be a charge from your broker – sorry I have not checked.
Disclaimer
I hold no interest in Primary Bid and in making this post I take no responsibility for your trading and am merely outlining the Primary Bid process as far as I understand it from my first-hand experience. I also do not vouch for its accuracy.

Actually Kallumama the amount of Boohoo shorts (not the clothing but the shares lol) reduced by 50% this week. Good job the market does not open until Tuesday by which time this will probably have blown over. Meanwhile the customers keep buying and buying!

These brands operate entirely separately, in fact few customers probably know that BOO actually owns them so it is easy to see how this might happen. I presume they will now appoint an internal pricing Tsar LOL! However it is clear the Boo bashing will not end any time soon. This is my largest holding and I believe in the company and the management who are doing everything they can to build a reputable company in the face of so many headwinds, particularly ESG! I am supporting them and certainly not selling.

Sorry I hold and regularly top up.

As it is early morning and my eyes are not quite adjusted I thought the committee had hung some Boo clothing on the wall to make them feel at home but then I realised it is a picture he he he

BooHoo Towers at Oxford Circus? Not in a million years Ragtrade. Boohoo is a digital business - No bricks no mortar, no greedy landlords and no bored shop assistants.

Cant see a new auditor making much difference. However picking up Top Shop or some of their brands from administrators if/when appointed or as a cash deal would be good news bearing in mind the revenue growth BOO get from the brands they acquire.

Not surprising as the chat (mostly banal) on this site revolves around the usual suspects whilst great companies with excellent growth and rising SPs go unnoticed. I am hovering on Reach at the moment as I wonder if they can build the digital subscriptions quick enough to counteract print falls, amid masses of digital ad competition but apparently 9 out of 10 digital subscribers are for local football clubs which makes sense. Wonder if you have seen this - great vid with Reach detailed too. https://www.piworld.co.uk/2020/10/23/piworld-interview-an-hour-with-andy-brough-richard-leonard/?ct=t(RSS_EMAIL_CAMPAIGN)

You'll have to be patient a long time then. IMHO the brand was dead well before Covid, along with Superdry, Jack Wills, French Connection and the rest. My wardrobe was full of Ray's lovely lined jackets and uniquely finished shirts but I stopped going into their stores filled with me too garments years ago. When the cash runs out so will they.

Watch the podcast and come to your own conclusions Cat. There are hints there but no more. Clearly they need to focus on the approvals trial first. This is not a quick process but the gains are potentially high.

No worries - quite understood.

Excellent input thank you Mikemine. I was also wondering about the Verici shares we are to receive by default as Renalytix shareholders. Do you think we will get the full .20 per Renalytix share held as this will have been allowed for at the outset or will that allocation be reduced too?

You cant be trading very regularly then Donny or you would have had the access problems, seen the messages about getting cash out and had frequent inability to trade digitally - you're not related to the sad lady with the red cuppa on the home page are you? LOL

AJ Bell dragging their heels as usual and no idea how many I have managed to get in my allocation as not surprisingly over subscribed. Anyone got an idea for their own subscription?

Ocado who we have our deliveries from might be at the cutting edge of warehouse picking and have a great range with the M&S JV but they are only a tiny 1.8% of grocery sales in Britain and one has to wait up at night to get slots. Meanwhile Tesco are storming ahead with a massive on line operation. All they have to do now is get rid of their unwanted stores and empty car parks. The fear amongst investors is that due to size Ocado might have lost the opportunity window especially with Amazon/Wholefoods gearing up in the background.

Not unless you are starting them LOL