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It's a comedy on here at the moment. I suspect a number of 'adults' (I count myself among them, though you can judge for yourselves) are simply lurking, uninterested in joining in with the ramping/deramping/manic-depressive nonsense. Thank goodness there are still a few (Rob, Nick) willing to counter some of the noise. If you can't handle the heat, get out of the kitchen.
Tml1 - they voted yesterday. 83.52% approved the deal. Needed 75%.
Seingred - "yes was a cheap deal for what they had" and also "how Cnr is fetching the same or more?". Think you answered your own question...
What I found interesting was that the offer was stated as pence per share, not a total outlay for the entire company. See 19/3/2024 RNS: "14.85 pence in cash...approximately £156.1 million"
This makes sense to me - after all the SP is what share.holders are interested in, but I think it implies that all costs, as well as any and all dilutive factors etc are already built into this final per share offer. Can anyone else clarify this?
I'm no expert, but essentially, the MMs hold stock in order to facilitate trading. When you buy, the MMs sell stock to you, when you sell, the MMs buy them from you. Thus the amount of stock the MMs have varies depending on demand.
The MMs generally aren't interested in speculating on the price themselves, they just want to minimise risk. They don't want to hold too much stock, as then they are overly exposed to adverse price movements. They don't want to hold too little stock as then they may be unable to meet invester demand, causing them to scramble about to find more stock themselves.
This balancing act is manifested in the price the MMs offer to both buyers and sellers. So buys vs. sells does make a difference, but it'll only be a big difference if the MMs pool of stock is getting too big or too small.
Needless to say, it's a lot more complicated than that, and in theory at least, there's all sorts of 'tricks' the MMs can play to manage their own situation, but that said, 99% of MM conspiracy theories are complete bunk (as are 99% of all CTs of course).
And finally, for anyone who doesn't yet know, the LSE doesn't publish whether a particular trade was actually a buy or a sell (at least not to punters like us, maybe pros can get it). So sites like this one simply guess based on the trade price vs. what information they can glean on the mid-point of the spread. Very far from a perfect science. In particular, looking at yesterday's trades, there's no way the SP would have remained relatively stable all day, if all of those trades marked as sells were actually sells.
Ah, but this isn't an OTC market. So the MM's are actually the other side of the trade, which does change things rather...
SB has said enough, not just on this board, but on others as well (a poster's whole history is available if you choose to look), to convince me that not all of his posts should be taken at face value.
DYOR, make your own decisions and don't assume anyone, least of all an anonymous poster on the internet, has your best interests at heart.
No SB, I'm not. Give it a rest.
I agree with your logic, which is surely JM's position as well, but buyers will also want value from the deal. 240m is likely a stretch but fingers crossed! :-)
That is clearly what he expected, yes. but things change. I would think that the funds he referred to were for relatively small running costs, not substantial project launch costs, but who knows for sure. Nothing is 'obvious' here, though goodness knows we all wish it was. Ultimately we all have the same choices though - stay or go. I'm staying, but you must do what's right for you.
Whingers gonna whinge. Besides those usual suspects, be wary of letting the SP dictate your emotions. It's down, but that doesn't mean the sky is falling, just as it doesn't necessarily mean everything is sunshine and rainbows when it's up, as it was just a few short weeks ago.
TK is getting launched, it's just on Africa time, that's all. As it always was. Suits me right now anyway. New tax year, work bonus, ISA allowances coming up. I'm happy to buy when others are miserable.
Mirror - it was indicated that certain unspecifed launch expenses needed to be paid before full finance completion. The issue of a large raise vs. cash-burn of 200k a month is a red-herring I believe. There is a lot more going on here than just keeping the lights on.
> Time to go imo.
Waste of time repeating this over and over. It's not happening, not unless people like you get off your backsides and make something happen. And I don't see that happening either.
- I'd be suprised if it went to Calibre. I believe that they want to reduce jurisdiction risk, not increase it. Sure, they'd have it if the price was right (for them) but I don't think that their right price will be compatible with JM's right price.
- I'd be suprised if it wasn't an all-cash deal. MC and JM want to walk away, not get stuck with a bunch of another companies shares that they may not be able to dispose of easily. That said, if a paper deal came at a premium to a cash deal, maybe they could be persuaded.
- I'd be very suprised indeed if it is was an asset sale and not a sale of the whole company. It was mentioned a while ago that the asset sale was to get around rules regarding the number of suiters that could be approached.
- For price, based on little more than gut-feel at this point, since we don't have a whole lot else to go on, I'll go with 10% chance of 40's or lower, 80% 50's, 10% 60's or higher.
...vibe...
...AI Magic...
...hilarious market memes...
Nope. Nope. Nope.
Sorry and good luck with your platform, but I'm probably too old and/or boring for all that. I'm looking to reduce noise that may intefere with investing, not amplify it.
https://www.thisismoney.co.uk/money/news/article-4272390/Star-quits-City-run-10bn-fund-island-paradise.html
Rain, it is hard to imagine that your questions are genuine ones, and not simply designed to troll, but if they are genuine then a.) DYOR and b.) if at any point you consider that Kefi and their partners are complete amateurs then sell, if you hold any stock, and move on to something more to your liking. Spend your time and energy wisely, you only have so much of it.
£150k trade at 0.6p. Gotta be a buy. Follow the money.
It's not much, but today's chart looks encouraging. It suggests that maybe the bottom might be in. Further bad news, or just a lengthy spell of boredom, could derail that of course, but I can see grounds for optimism today.
You could argue that pumping the price before a placing is exactly what a responsible CEO should do, for the benefit of all shareholders. In theory at least, that might make a higher placing price possible, when it would not have been otherwise. Assuming the same amount of funds are raised either way, a higher placing price is better for all of us.
Would you have preferred to skip the pump and for him to have raised about a month ago, when the SP was at pretty much the same level it is now? What would the placing price have been then?
So move on?
FWIW SB, that was not TW's assessment. He reckoned that some bills had simply become due, that's all. Time will tell.
I've listened to it. I suggest anyone serious about their investment here (and in addition, if you have any interest in what TW has to say - I understand if you don't), pay the man his £1.99 for the days's access and listen to it yourself and make your own mind up rather than taking anyone's word for it on an anonymous internet forum. Suffice to say, I'm holding and will add when I can afford to. DYOR.