Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Steve, There will be a sell off, I have no doubt of that but it is highly unlikely it will drop below 90p. There are different strategies. Mine was to sell half 40% yesterday at around £1.10 to pay for my open offer shares. When i did the calcs ,if i took all my shares my holding would be much higher (value)than I had ever wanted. I could have waited until today to sell off and have a larger entitlement at 85P. I am not too bothered what happens today as now I can just sit tight and wait for the shares landing.
Have you read the prospectus? Its interesting to see the updated list of main shareholders.
I hate to labour the point but the sp yesterday was up 100% on its value when you first posted.
https://www.londonstockexchange.com/news-article/KIE/proposed-c-ps241-million-capital-raise/14974859
I suppose that I hope people are aware of whats going on in the world. The worry is that with the current supply issues it will lead to inflation and then interest rate rises. Most main contractors will have tried to pass on the price fluctuation risk to their supply chain, as well as the delay risk. But that never really works. The consequential delay of one element being late, with still be their issue, whatever their commercial team say.
The 98P i stated was a 'gut feel' guess, and was meant to illustrate that I believed it would be a premium to the share price at the time. Not the 60p some were quoting. Its looking more likely today than it was a couple of days after I said it mind.
All the best.
Bsg4 - I have usually seen that forward selling when a placement is taking place behind the scenes and not when it has been openly communicated by the company. It must be more difficult to generate the rise to sell into.
Steve, There are many reasons why people sell and this is by no means massive.
Hopefully it was someone who, did not take your advice ,not to invest in Kier, when you first posted and the sp was in the 60's.
They would now be up 50%. Good trade!
You cannot read anything into individual trades.
Hinkley - It seems to me ,that as the equity raise has been expected for months, the current market valuation of each share takes this into account.
I.E its 80p for a share in a company with high debts and it will be 80p for a smaller share of a company with significantly less debt and the unhindered ambition to expand and perform.
If you have had shares for years then the damage is already done and the value lost. If you have purchased in the last year or so, not a bad investment.
I still hope for a placement at a premium to the current level but who knows.
Kind regards
Hinkley. I have to agree with you. The share issue will be very interesting. I have no idea how it will play out. I am still optimistic as I still have shares. My best guess is a placement at 98p.
Some may say that's just pure wishful thinking but I will come back and admit I got it wrong, if it's a a discount to today's price. So long as others do the same.
Steve, I do not believe Guy has any interest in the Kier Group as whole. If you listen to the various interviews with him it does not fit with is portfolio at all. Also shares will be 'placed 'and only a % will be a part of the open offer.
JGH are you confusing Steve with a certain American actress?
"Overall, you should not have the oxygen of publicity to boost your ego and malign the company and it's leaders. Whatever, your agenda is, your comments are not, as you claim, a salient warning to others, more a desire to be the centre of attention at best or at worst damage a company which has taken major steps to rework and release it's potential to multiply it's value"