Everything done for a reason24 Oct 2018 08:51
Good morning all
Can I just second WHamBoy with thanks for the great posts yesterday evening. I have only been able to watch the interview this morning and have some thoughts on which it would be good to know what others' takes are?
What was the reason for this to be done now? Zaza has been on an sp charm offensive recently, starting with the shareholder update and now with this update. Inbetween there was the YA agreement RNS and there was definitely a focus in the wording re the positive effect this should (rightly) have on the sp.
It seems to me that currently especially Zaza wants the sp higher; yet with a deal (hopefully) imminent, why should he be bothered?
At the same time we have the 15m seller, whose actions seem to be focussed on holding the sp back. If he was purely wanting to sell, then why do it in the fashion he is? So for me, as Mole has suggested, he has an agenda for keeping the sp down in this range maybe for a weighted average reason.
The only reason for that that I can think of, coupled with Zaza seemingly doing everything to bolster the sp now, is that there is pricing being determined for a fund raising. But, that would be surprising surely, given what is going on so I would really appreciate other guys thoughts on this?
GLAlths