Member Info for Jaxonsax

Overall the dividend in specie didnt work. Caused a lot of confusion on nominess and tax long lock up etc.
For a small spin out not worth the hassle

7% bond has been trading around 100

it was possible to buy yesterday morning at close to the rights price

8.28% at the last count. Could well be in the placing too

I was livid when i read the RNS at 7.00 - a 30% discount plus warrants is ridiculous. A better broker surely could have got these away at 1p at least. Never heard of Tavira securities before and no wonder. I cant believe HAA didnt know this was in the offing when he gave the presentaion 10 days ago. Placings dont happen overnight.

Then i put my emotions to one side. Not the first time I've been done like this and the only way to avoid the dilution is get some at the placing price. Thankfully I was looking to top up yesterday at 1.2 but never got there so to but today just over 0.8 didnt feel quite so bad.
The positive side of it is - it does indicate to me that the financing is progressing. We are not raising $0.5m to pay bills like previous placings, but a serious lump to meet our share of the financing pot for TK plus an active drilling programme in Hawiah.
I have been here before (Jubilee anyone?) and it used to drive me nuts, but when it went from 2p to 20p in just over 12 months it paid back in spades.

I have hated the hidstoric dilution as much as anyone on here
The dilution occurred three years ago, when the deal was done, so theres no point moaning about it now.
At the time we needed the cash and they were the terms offered to do the deal.
Would we be where we are today without that cash? who knows? but probably not, in my view

He was 'fully clothed trader' and then invested in ITV lol

apart from a big holder who just wants out (or a russian) who on earth would sell at 82p?

Im not familiar with Workspace. Just had a quick look and seems very London centric and has a very low divi yield.

Whats the chance hanging around for a better offer ? or just cut and run?
Doesnt seem overly generous

he did seem unusally subdued

maybe the Nissin stake is seen as a blocker by potential acquirers?

Unilever only looking for 'healthy' foodstuffs - hence why they backed out of offer for GSK

Wow thats quite a chunk from Tosca. Wonder who picked that up?

with 83% in five holders would be an easy takeover target (at an acceptable price obviously)

hopefully the main security hurdles to the financing have now been cleared so we can dot the i's and cross the t's in the coming weeks.
See what Harry can tell us tomorrow morning. Fingers crossed

Arent we due a webcast soon ? didnt he say he would do one every month ?

Thanks Matt for a sensible post rather than most of the uninformed drivel on this board

Sad news about Andy Stewart passing away. Wonder what will happen with his 9% shareholding?

I just asked a question thats all and quoted some factual numbers. I didnt make a comment

How do you get £4m net profit for the year?

H1 net profit was £489k (excluding the exceptional item) and indications yesterday were that H2 might be less than H1