Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
I really want to see the positves but the following sentence wont allow that....."The Fundraise Shares will represent approximately 17.1 per cent. of the Company's enlarged issued share capital. The Fundraise price represents a discount of approximately 47.1 per cent."
I have to admit these AIM companies are getting worse.... I have a fair few AIM investments running at the moment and they will be the last. I have even had CEO's state that there would be no fundraising in the near future then 3 days later a placing... Utterly corrupt.
RIA20 pumped and crossed ramped this all over LSE. He made his beer tokens and left only to return and say good entry point after a whooping 30 odd % drop. He will have locked in newbies who will be massively underwater and the share will stay static for month/years... RIA20 needs to be banned and taken off LSE, simple as that.
Any positive news will be heavily sold into by the massive amount of new shares... plus the following concerns, so its worse than before, IMHO DYOR GLA.....
1. Revenues for FY2024 are expected to be significantly weighted towards the second half of the financial year.
2. Projects are and have been delayed.
3. The company has highlighted (and continues to highlight) financial uncertainty and restricted cash flows due to no direct revenues.
4. The BODs STILL are being paid shares.
5. The company has employed stringent cost cutting strategies across the company.
6. They are currently reducing the workforce more than they are hiring.