In brief An equity raise may be required, the fool speculates £400m as a 2 for 1 offer (can't see it myself the time for that was the last OO IMO ) although I would seriously consider an equity raise for less, combined with some debt and/or a strategic partner. Anyhow have a read and make your own minds up.
RE: They seem to be holding any tick up back6 Nov 2019 16:34
Seems the title has it ? A lukewarm reaction from the market at very best - no idea why as this is the news everybody is waiting for (albeit yet more delay to the licence issue - but a great deal more certainty ).
Bellers if you can it sounds like an excellent plan ( and much appreciated). Have to say I'm mildly baffled by SXX reluctance to put out a positive construction update while we all wait. What is PR for if not to send out positive messages ?
Chilting thanks for that. Am I right in saying that if shareholders set a high sell limit ( mine is £3 ) that prevents the brokers lending out “our” shares to the shorters ? Its interesting to note Highbridge with a position of 1.28% are holding/borrowing 89.6m shares (1.28 times say 70m shares) closely followed by Och Ziff at 1.22% or 85.4m shares. Holdings like that must take some time and effort to acquire and anything we can do to make it more difficult might be worthwhile ?
HL have a 3.333m share buy at 09:145 Nov 2019 09:46
1 minute before the 3.333m share sell listed here at 09:15 so they list both but I only see the sell here. Can anyone see if this was a dummy buy/sell or some sort of back to back trade ? Did anybody actually sell 3.333m shares at 09:15 ?