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You can't buy rights? can you?
It is registered on Johannesburg stock exchange as well and rights were issued there on 7th. After issue of rights the share price fell to 600 ZAC around 28p but then recovered to above 800 ZAC ie 37p and has fallen subsequently again to 610 ZAC at close today that is more than 28P so basically the share price there never fell below 28p. Many Institutions are invested in HMSO pre-covid and with all the complex calculations and rights etc their average will still be well above 30p. So chin up. The reward / risk ratio seems high. Investing in stock market has its own risk so why not take those risk on a FTSC 250 company rather than a penny stock? May average after rights will 28P but I am sure I will be out with profit that may not be immediate but is imminent. DYOR
Many thanks
I can see that there was 88.66% drop so it will be around same on LSE
Also the right were issued on Johannesburg stock exchange today, so any information on price action there after rights issue?
Thanks Poleaxe. It is great information.
I have one question, if the rights are going to trade 9-10p in market on and after 10p? Why not buy these from market and let your own lapse instead of paying 15p for those? Do you still need to pay HMSO to convert these rights to share?
Regards
Nasir
I don't think "PUNTERS" can push the price up by 30% for such a large company?
It is true that share were cheap on Tuesday pre-consolidation but Lighthouse have increased their holding yesterday and that pushed the price beyond expectation. If Lighthouse have decided to increase their holding under these circumstances which most of the members believe are grim, they must have their reasons as they know more about the future prospects of the company than us.
#ITX Itaconix this is just getting too exciting for me another SUPER MAJOR(Unilever)using Itaconix acids joining the likes of AkzoNobel, Croda, Solvay and New Wave. Unilever with €53.7b turnover using €15b in raw material what next another exclusivity deal similar to New Wave?
Fully agreed and added some sub 17p. It has been way oversold and a bounce in short term is extremely likely to at least 20s
Flying now.
Post on advfn: The rns on Friday afternoon which cancelled the warrants and the excess application facility was the trigger for the dodgy brokers to buy back hence the sudden surge in volume and price. What they've done is to assume that they would get a large allocation in the open offer, the excess application facility and the attached warrants. On the basis of this assumption that they will get all the stock they applied for they have been forward selling at over 0.01p (it is essentially a short which means you borrow shares and hope to return them later with shares bought cheaper). However with the excess applicstion facility and the warrants now being cancelled the brokers are left with a shortfall. The only way they can cover their positions is to buy on the open market leading to what is known in the business as a short squeeze. The sp shot up from 0.0125 to 0.0175 or 30% in just the final hour of trading on Friday. The huge late reported trades we saw are mostly shorts being covered. This has a great chance of going a lot higher next week if people hold their nerve. Short squeezes on other AIM stocks have led to spikes of 1000%.
https://www.facebook.com/**********/videos/2105042866445737/
sorry if sounds silly, but how do we know it was yesterday and not today?
Excellent results, no movement in price? http://investors.medicagroup.co.uk/results-and-reports/2018
Excellent results, no movement in price? http://investors.medicagroup.co.uk/results-and-reports/2018
Excellent results, no movement in price? http://investors.medicagroup.co.uk/results-and-reports/2018
Did any one attended AGM today? Any news on AGM
Can someone with knowledge explain this in a bit detail?
Thanks a lot. Was it sold today? and at 14P?