The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
6% dilution at a measly 15% odd discount is nothing. A lot firms out there are doing placings at 40%+ discount with massive dilution. Unless you bought yesterday looking to trade this raise will be to buy a business to add value to the company, not to keep the lights on.
Why would they be fuming unless they were traders? Buyers buying in should see the company is progressing and the placing today is the company progressing further? The buyers if they are buying to invested have just invested in a company moving forward and raising money (which is why they are on the LSE i the first place) to further acquire businesses to progress the company. Again if people who bought yesterday are annoyed then they are trading and the LSE is not a traders market at the moment. Their loss, but investors will be please as it’s another opportunity to accumulate in a growing business.
PEEL have been the only ones on the ASK all morning. They have been selling shares by the truck load to someone and not being on the BID at all tells the whole story as they don’t need any shares. All the MMs want your stock.