George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Gig economy firms dealt another blow as Addison Lee drivers win workers rights case
Headline says it all. Roo will definitely need to change its business model and move away from the gig economy.
Saying that, if Roo are unable to make any profits currently when they are exploiting their riders, they have no chance when they are forced to pay the minimum pay and other benefits of workers right.
Spindler AML is fine example of a company that was over valued, SP crashed all the way down to pennies, additional investment needed to be raised and shareholders have been diluted. I guess we can see the same happening here.
Will Shu overvalued the company, the banks just went along with it for the business. Why did the BIG institutional investors shunned the IPO. Will Shu was advised by these big institutes, that the valuation was too high and they would not be buying. Hence why he has flogged this dead horse to private investors. Ultimately its the decision of Will Scu not the banks.
(Reuters) - Goldman Sachs Group Inc bought 75 million pounds ($104 million) worth of shares in food delivery group Deliveroo to prop up trading after an underwhelming market debut, the Financial Times reported on Tuesday, citing two people with direct knowledge of the matter.
The purchase equates to nearly a quarter of the value of shares traded in Deliveroo during its first two days as a public company last week, the report https://bit.ly/39ICMJx said, citing Bloomberg data.
The share purchase by the bank, when taken together with the "overallotment" option, would mean the bank would have recorded a profit from the food delivery group's declining share price, the report said, adding that most of these profits would be given to Deliveroo as part of an undisclosed agreement.
Deliveroo did not immediately return a Reuters request for comment, while Goldman declined to comment.
The startup's listing was the biggest in the UK in a decade, but its dismal debut dealt a blow to London's hopes of attracting fast-growing technology companies. Shares in Deliveroo fell by as much as 30% in their debut.
The saying "Flogging a dead horse comes to mind". Will Shu has been very shrewd. My understanding is that he was well advised by big institutional investors that there was very little interest and his valuation was way over priced and hence these shares being offered to private investors. Ridiculous valuation for a company that has not made a profit. Time will tell if the demand for take out still remains high once food outlets open up and people start to eat out more.
MrA
Thank you for your reply.
Yes it is the demerger of Wickes from the Travis Perkins group.
Unfortunately there is no other option of cash being offered. It is a simple 1:1 share option only. Once the new shares in Wickes have been issued, it would then value Wickes at the same as Travis Perkins which to me does not make sense as it would be overvalued. I do suspect and agree in what you have said that Wickes would only go down. I may well sell up before the demerger takes place end of April.
Has anyone been involved in a share split where a part of the company has been spun off and listed on the stock market?
My dilemma is do I cash in before the split or would I be better off after the split.
We will be given 1 new share for every share held.
any knowledge here would be much appreciated
Each TP share you own, you will get 1 share in Wickes. That is the ratio agreed. So that would value Wickes at half of TP, which i feel is overvalued when analyst have said Wickes could fetch 600 million if sold. It would be great to get some clear understanding here from someone. It is confusing if I am honest.