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Every 1 DLG shares gets 0.03962 (to 4 dp.... calculation is 1/25.24047) shares in Ageas.
Current (as of 15:33 28/2/24) SP of Ageas €38.06 to buy
Current exchange rate is 1 GBP = €1.17
(1/25.24047) x 38.06 / 1.17 = £1.29
RNS value based on yesterdays prices (as stated in RNS)
£1.29 + £1 in cash = £2.29 at time of writing
Well considering that they are about 100% up in less than a month, i think its very sensible for them just to take profits and run.
They probablybought in to ,say, get 4x their investment within a time period of 1 or 2 years. So theyve achieved 1x their investment in only 1/24th of the time period.
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The share prices of both companies are around the same level, so that just adds to the confusion...
There was a shorter company, Jub Capital I think their name was. They got burnt a few million 3/4 years ago by shorting Eurasia Mining. They ended up going under lol.
We in EUA at the time, referred to that situation as being “jubbed”
If they all immediately close, then the SP shoots up way higher and faster.
If the manage their exit (slower and methodical), they can use bots to try maintain the SP action around these levels for longer, meaning they can buy more shares around these levels
If results are as great as we hope, and independently verified as such; then we will not much issue in raising money through loans rather than the need for a placing. Debt is cheaper than equity, and independently verified results make that a huge possibility
Https://www.arbuthnotlatham.co.uk/about-arbuthnot-latham
It’s probably working on behalf of a family office or high net worth individual