The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
They are not listed on Bloomberg as a major shareholder. I am not sure how significant their holding was. There are two major changes I have seen in ownership since Q4 of last year. 1. Siemens sold their 9.9 million shares. 2. Investec sold their 13.82 million shares. The first I am guessing is because Siemens is concentrating on their own in-house development of tidal. The second is because Investec are now the nominated advisor and broker. No other changes other than a small increase in holding by Janus Henderson PLC
https://www.ft.com/content/a641b492-4b1d-423c-a655-a776019fa975
I don't see it as that negative to be honest.
More cash to keep the company going.
More Dilution of GFG's Stake ( if you want to call it that)
Someone is obviously not that worried about taking £1m of shares at rock bottom prices.
I am invested in another AIM company ( I only own two AIM stocks). They had a massive placement of £35m of share last year (at the time it was around 25 % extra shares that were issued, roughly). There was the usual apprehension by the existing shareholders. By the end of the year the share price was 5 time what it was at the placement price.
I don't think anything has changed from yesterday other than the shareprice is lower?
The underlying business has the same risks to Uskmouth and CFD's as it did.
It is still a world leader in Tidal, and like most LTH, I for one would love to see the back of GFG's association.
Hopefully a buyer can be found quickly. Not in the interest of the receivers to see the share price decimated. Maybe strategically a good thing though. The sooner they can cut ties with Gupta the better. They should start with changing the name back to Atlantis Energy!
The list goes back to 2012 though.
https://gov.wales/sites/default/files/publications/2021-05/planning-decisions-being-considered-by-the-welsh-ministers-called-in_0.pdf
It is debatable if GFG is even a shareholder directly. The opaqueness of his businesses may in hindsight be a plus for SAE. Politically may be a problem just by association with regards to planning but hopefully the deciding parties will see sense.