RE: Hard to Disagree ....11 Nov 2019 16:44
Hi Setanta,
I completely understand the pessimism, and you are correct only 500% to go to get the sp back to those dizzy heights.
However look on the brightside, Infa a company valued today at barely £5M has raised £6M on the market and attracted some II's, I don't think in 20 years of investing I can remember an achievement such as this. I fully expected the bookbuild to fall short, and may have had to be cancelled altogether, I was wrong and I was amazed at how quickly we raised the £6M.
For me this would indicate the selling of this to the market must have had some hard numbers attached to it, why else the fast completion, it is not as if the placees could sell their shares back into the market for an instant profit as the sp was already at the placing price. You as well as I know how these usually work, the sp is .050 the RNS is announced, placing at .030? then you can be sure the shares will be disposed of rapidly for a quick buck, result, larghe fall in the sp.
I will now await the completion of this placing and the acquisition to be completed, then we can start looking at forward costs offset against incoming contracts, as I said before, there must be many and not just the IM project, why else would II's stick in £6M, certainly not based on the IM project alone funding H & W. Risks, costs, I agree, but I'm prepared to give JW the benefit of the doubt here for the next few months at least, I'm very interested where this could lead to! contract announcements also will be very telling?
Mr T