Member Info for downbutnotout

new shares are always issued at a discount so there is enough take up of the offer. usually what happens if the SP falls when a TI is announced. some people may tail swallow - sell some of their shares to fund purchase of the cheaper new ones. then when the RI is all done and dusted the SP usually recovers some if not all of its loss. so i don't buy what you say that all the shares are only worth the placing price of 75p.

ocean you fail to mention a few positives
-Ted’s Formula for Growth strategy supported by the recapitalisation. better operations, product lines etc.
-online revenue is strong. how much a % of total revenue this is i don't know. can someone post please. Online sales have risen by 78% year on year since 22 March, the day before the UK lockdown began.
-significant cost reductions.
-£30.7m profit a year before last. a taste of what can be achieved in the future.

before the fund raising SP was 153p
44.59m * 1.53 = 68.22m mcap

140m new shares at 75p £105m raised.

so 68.22 + 105 = 173.22m should be the mcap now? we can argue about that. but lets take that number for now.

173.22 / 184.5m shares in issue = 93.88p

so you could argue fair value is 94p per share.

then we have the news about sale of ugly brown building. was that factored into the 153p SP before the raise?

dropping now. SP back to sub 40p tomorrow. or lower.. be careful.

make up*

still alot of ground to make it but that was a serious bounce off the 60p level today.

67p yes sir!!!!!!!!!!

don't get too excited. all thats happened today is the SP bouncing off the 50DMA at 39p. oil price still below the key resistance at $40.80 WTI that yours truly posted about last week.

not too shabby. buys at 64.95p into the close. nicely off the bottom. a big bullish Doji.

MMs taking the michael. just offered me 63.77 to sell. no thank you!!

always good to close on a high. BIG push now TED!!

new uptrend wahoooooooo

64.80p paid AT trade.

only risen because i've not posted for a couple of days.

slowly slowly catchy monkey. 34,700 buy at 64.4p just spotted. nice.

SP put in a bullish move today. its trading higher now than in the morning.

its based on TA. but we need to get a good kick up. ideally get to 69p. then wooosh higher.

still a few weak lingering to shake off. some big sells at 64p. so rise unlikely to happen today. i'd be happy with 71p close though.

almost in the blue now. 64.95p paid

be careful here. a daily close below 225p opens the way to 150s.

64.33p paid. looking a little better now. still 1 hr trading left.