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My buy this morning is showing as a sell so it may be that they are all buys this morning?
Where can I find this broker note please?
Now that's a pretty big buy...
That's not quite right.
On 31 March 2022 Ridgecrest announced that it has made an investment of £300,000 in the parent company of Fast2Fibre Limited (“Fast2Fibre”) and has committed to invest a further £200,000 at a later date on the achievement of certain conditions
very exciting!
Anyone know what happened in today's general meeting?
Can you share a link to the original response please
Awful timing and hoping this isn't the start of a downward spiral. I really want to see this on the main market
RNS out!
Looks like a few buys today. Anyone know why?
It has been reported today - https://www.**********.co.uk/rns/announcement/46861bc4-c18f-42bb-9126-acce1e5b2fe9
I saw THG publish some good results today so hopefully some of those sales were through the MODE app and it translates to good user numbers for MODE
Thanks all, yes I agree.
Some thoughts on what might/could happen..
- RDGC completes the investment in target. Hopefully value is not as high as the £50m stated in the RNS.
- target acquires other franchises and increases in value between now and listing on Aquis
- target lists on Aquis in 2022
- value growth from RDGC investment to listing increases value of RDGC investment, and therefore, the shares in RDGC
- shares held by RDGC are distributed pro-rata to shareholders on target listing who now hold shares in the listed target
Using someone else's calculation, if the current value per RDGC share (being £1.7m/number of shares in issue) is £0.38, then the above scenario should help in increasing that at the point of listing (and when we can trade shares in the listed target). That is still below what many of us would have paid for them but at least there is a chance the value could increase.
Of course, of the investment in target doesn't happen, then I think we just get £0.38 per share held.
I may have this wrong, and this is all in my opinion. I am just trying to work out where we stand and what could happen.
What do you think?
I wish my exposure was £700. Hopefully the investment is based on a low valuation given the section and see some sort of growth next year. Although I still don't understand what happens to our investment if RDGC invest in the private company, delist, and the private company doesn't list next year. Any ideas?
Amazing competition up for grabs!
Anyone know how much cash this spac has?
This is fantastic news and I am enjoying the news flow do far
What happens if the deal doesn't seal and we don't invest?
Can anyone breakdown what this means for our investment and money?