kist24 Dec 2020 11:27
worth recalling some of Malcy's comments from 25 Nov:
- "The recent raise has brought a number of institutional investors to the list although some notable investors in RockRose are not able to invest whilst it is still a shell without any investments.
- As for where, I would expect more in gas than black oil and more of a focus on storage, infrastructure and energy transition that before with a focus on low carbon intensity and ESG to fit current investor requirements.
- As for when, and without giving away anything I would be surprised if Kistos wasn’t looking at stuff already and maybe a deal in Q1 2021 and completed in Q2 is not over ambitious
- With just over £30m raised and a pre-IPO subscription the market cap is just over £40m so with leveraging a deal size of maybe a bit short of £100m is a possibility.
- Including the Pre-IPO Andrew Austin today holds 33.54% of the company and the whole concert party of investors as detailed in the admission document have some 45.22% which to me just means quite a small free float."