Member Info for MrJones

Great to read that the recent open offer was oversubscribed and additional funding via other avenues is also available to the tune of £8.57 so far this financial year.This means they can lend even more to SME/MSE and thus increase profits. Now let's see that share price rise please ...... " 1pm PLC, which lends to small and medium-sized enterprises, Friday said it has negotiated additional block discounting facilities amounting to GBP4.5 million from three different lenders, as well as raising an additional GBP250,000 from high net worth individuals, with all of the additional funding to go towards writing new business. The additional funding was disclosed within a statement confirming the close of 1pm's GBP3.8 million fundraising through a placing and open offer, which coincided with 1pm's annual general meeting and general meeting held in Bath. The loan terms are consistent with those of other current providers of funds to the company, 1pm said. 1pm also said that UK Private Healthcare Ltd has agreed to convert an outstanding loan of GBP380,000 into shares at the same 61 pence price of the new share placing. This means UK Private Healthcare will be issued with 622,950 new shares under the loan conversion, about 1.69% of 1pm's enlarged equity. 1pm Non-Executive Director Ron Russell is a director of UK Private Healthcare, and has a 25% stake in the company that made the loan to 1pm. Rod Channon, another 1pm non-executive, stepped down from his role at the AGM but will continue to be consulted on "special" projects. "The anticipated completion of the oversubscribed equity fund raising together with the new loan facilities announced today will ensure 1pm is well-placed to finance its planned operational expansion and to continue to grow its lease and business loan portfolio, the company is highly appreciative of the continuing support of all shareholders and debt providers," Non-Executive Chairman Ian Smith said in a statement. Chief Executive Maria Lewis said: "With the new loans recently secured and the proceeds of the placing and open offer set aside for lending, we have already secured new funding of GBP8.57 million in the financial year to date compared with GBP11.5 million in FY2013. This funding will help fuel our continued growth, providing much needed finance to the SME market."

Decided to spend £2.5k and average down (since I bought originally just before the open offer), I think 58.65p is a much better price than the 71.85p I paid originally. 1PM has a good business model and in the medium term looks good.

I'm guessing we will be hovering around the 58 - 61 price until any overhang is sold off. The best thing 1PM could do is release a positive RSN this week. Frustrating to see the sp dip below the offer price, but it is a case of mm's making sure any short term investors do not dump their shares. Good opportunity for longer term investors to top up .....

I took up my option too. Just got to make my mind up about whether I should apply for more.

Well done Bruce - I sold way too early on LGO at 0.0069 and now its 0.06 so it has really gone up so much in the space of a few months. 1PM shareholders will have to wait a bit longer due to the open offer but once that's out of the way, it has places to go ...... hopefully upwards!

Just reading through the Open Offer and at least it is encouraging to read that directors will, "Save for Maria Lewis, each has indicated their intention to make an excess application under the Open Offer in addition to a subscription for their Basic Entitlement under the Open Offer." This shows a board that is willing to invest and believes in their company. I agree with tuscanraider though ...... it seems like us small pi's get shafted!

Overall it was a positive day of BUYS, pity the last few trades were SELLS. For long term investors, in a year's time 1PM will be much higher with the announcement of a dividend payment. Next few weeks should be interesting, I am confident the open offer for shares will be taken up by shareholders, given that the closed offer was oversubscribed by the institutions.

I thought exactly the same, it would have been better to announce the share options at a later date. That way the discount would have been even bigger (based on a 80-90p following the excellent results today). The results on their own make for impressive reading and the share price should continue to rise. It's just a tad annoying that to continue to grow the company it keeps diluting the shares.

I'll be taking up the option to buy more shares at the discount price because the future of 1PM continues to look bright. "Given the strength of the 2014 results and the Board's confidence in the Company's future prospects, the Board intends to pay the Company's maiden dividend as a final dividend in respect of the year ending 31 May 2015." This line swings it even more in favour of 1PM

No, you're not seeing things 1PM has issued more shares = price drop. "The Issue Price of 61 pence per New Ordinary Share represents a discount of 15.3 per cent. to the Closing Price of 72 pence on 19 September 2014"

"given the strength of the financial results delivered and the outlook for the future, the Board has decided that a dividend will be considered for the first time in the current financial year and a progressive dividend policy will be introduced." More good news! (I'm just not happy I bought in on friday ahead of the dilution!)

It's been a long time since I last bought into 1PM (I got bored of the lack of trades!) With the results out on Monday and the positive past few years - things are looking rosy for 1PM. Let's hope the results are really good on Monday.

RNS today saying, "the Company announces that it will release its final results for the year ended 31 May 2014 on 22 September 2014." Expect share price to tick upwards before that date.

I gave up on WAS after they announced the Rights Issue, as I wrote on Dec 9th: "Based on the last issue back in June where only 33% took up the offer (leaving a shortfall of 254,594,679 Ordinary Shares), I predict another large shortfall with this Rights Issue of 3,718,761,160 ordinary shares. As much as I want WAS to have success with their Rights Issue, few investors will throw more money after bad. Of course there are some die hard fans of WAS who will buy the 0.4c (approx 0.22p) offer. Leading up to the June offer, I followed WAS closely and noticed investors bought into WAS for the offer, but it still had disappointing results for them. The share price will go up if the Rights Issue is taken up by the large majority of shareholders, but I fear it could be less than the 33% we saw in June 2013. I think it is best to be realistic, WAS will still have to find a buyer for all 3,718,761,160 ordinary shares over the next 3 months if it is to meet it's obligations. This makes it a higher risk for investors now, as reflected in the sp." Like so many, I took a loss and will move on. I liked what WAS had to offer, but they had more fingers in more pies than Jack Horner.

My view is the take up for the rights issue was so low that the company cannot pay the repayment that is due. They have little alternatives now, except break up and sell off what they have. I fear it could be the end of the road for investors. Most suspensions under these circumstances result in a loss for investors. Sorry guys, I've been there seen that!

Based on the last issue back in June where only 33% took up the offer (leaving a shortfall of 254,594,679 Ordinary Shares), I predict another large shortfall with this Rights Issue of 3,718,761,160 ordinary shares. As much as I want WAS to have success with their Rights Issue, few investors will throw more money after bad. Of course there are some die hard fans of WAS who will buy the 0.4c (approx 0.22p) offer. Leading up to the June offer, I followed WAS closely and noticed investors bought into WAS for the offer, but it still had disappointing results for them. The share price will go up if the Rights Issue is taken up by the large majority of shareholders, but I fear it could be less than the 33% we saw in June 2013. I think it is best to be realistic, WAS will still have to find a buyer for all 3,718,761,160 ordinary shares over the next 3 months if it is to meet it's obligations. This makes it a higher risk for investors now, as reflected in the sp. Do I think WAS offers a great opportunity in what it produces? - Yes Do I think the risk if losing money is higher now than 6 months ago? - Yes If WAS can ride out the short term difficulties, then those who took up the offer are onto a winner. But if the market is left with a massive overhang, then expect the sp to drop even lower than the offer price.

Lots of new investors (or old ones "buying down") over the past 2 days buying into WAS. I'd be happy to see the share price rise more

I am so glad I have not been an investor longer than 2013. I'd be pretty pi**ed off if I had paid as high as 3.07 and it was now worth 0.22. I bought in originally below 1.00 and have dipped in and out since - sometimes gaining, sometimes losing. I think WAS has great potential but I also fear it has fingers in too many pies. I hope the issue is a success and the WAS projects finally become reality. As long as people like tapemeasure keep taking up the share offers, WAS will keep surviving. I fear WAS becomes like MTV - constant share issues to pay the bills. I agree with you that £4k of shares at these low prices has "fantastic chance of big growth".[*subject to certain conditions]

Not a bad prediction for yesterday The Robster, we saw over 35m shares traded and closing between 0.2-0.3. Big sell off in Australia during the day also. I most certainly will NOT be taking up the offer while the share price is this low.

"Wasabi Energy has reported that that it has placed the shortfall of 254,594,679 ordinary shares and the same number of options with an institutional investor. Trading in the shares on AIM is expected to start on Friday. At 11:36am: (LON:WAS) share price was at 0.45p" My guess would be they placed them below the original offer price and possibly below the 0.45p the day it was announced (July 15th 2013). Those private investors who took up the 0.52p offer in June 2013 , since that date the share price has rarely been above that 0.52p offer price. This is why many of those who took up that offer in June are unlikely to be fooled again!