Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
John Talbot has raised his holding back above 1%. can anyone figure out if he paid market rates for these shares or are they some sort of options , related to performance? See recent news on the following pahttp://www.iii.co.uk/investment/detail?code=cotn:JSG.L&it=lege If he has bought these with his own cash then it is a very strong buy signal. We need the other directors with tiny shareholdings to do likewise.
I'm no expert myself, but I gather that the newly issued shares are not yet trading and are not going to trade until after Aug 29. The price for the shares that are being issued to the existing share holders are set at 20p ( so no great discount available just right now). Only when the existing rights issue is completed will the total new share outstanding be able to trade. Management said that they have no doubths about the rights issue, They can safely say this as most of the new cash was gotten from existing shareholders, ie many/most of the existing shareholders stumped up for the 'new' shares. I think they are playing this very well. The cash that the bank requested to be raised has been done, and now the shareholders that have stuck with the process have the chance to get some more shares via the right issue. There is no need for the extra rights issue, it is being done ot reward loyal sharholders. It is very difficult for an outsider to get around all of this and my guess is that only those who understand JSG and all that has happened will have gone for the shares. Post Aug 29 will be different. Then we need to see some good trading reports to more the price up. My guess now is a great time to buy more shares. I wish I had the cash.
I don't want to sound like the eternal optimist here, but it's not going down fast. 93,000 shares is not awhole pile, it's about £18,600, which could be just one shareholder who has to have cash this morning. That's just a guess.
I've no idea. But it does not make sense as it is now at the rights issue price.
I'm not worried. The share price is all over the shop at the moment. It's got no connection to how JSG is trading, it is just in limbo until after the rights issue in August. I see this as a totally undervalued going concern that will come good in time. Much of the jigsaw has been put back together again in the last few months. The banks are happy through to end 2010, the cash that was raised recently was done with ease ( spoke to one big share holder and they said that they did not hesitate to chip in) The rights issue up ahead will not cause a problem. What is needed most now is for the remaining directors who hold tiny stakes to buy in and let us all know that they have full faith in what's happenning. After that it will be a matter of waiting for trading updates and reports to show that the business is good and that the whold debt situation is under control, which I personally believe it is. The recent injection of cash would not have happened so swiftly if there was any problem with the company. The one bit I do wonder about are the big deals that are going through, 9.9 milliom shares in one day, and over 1milion on at least 2 occasions since. This is a patience play. I year and it will have trippled at least....The rights issue is set at 20p, so until thats over and one with the price can't really move up.
maybe late reported trades.
over 1m shares have just traded for 24.51p.
Investeringsselskabet Luxor A/S now holds 5.2%, up from about 3.5%. This is the bank that was though to be operting on behalf of the scandinavian group that were roumered to be interested in buying out JSG.
trading, almost one sixth of the company traded yesterday! Someone with big holdings had to exit because they can not handle the rights issue that's up ahead, and someone else grabbed the chance to buy a bargain. The market has discounted the new issues of shares and, once the rights issue to existing shareholders is completed in August, the company is will be back to even keel. Currently the share price is not reflective of the value of the company, refinancing dose that to a share price. But when all is settled the price will return to 70p plus, maybe about spring next year.
4 trades of 1m shares have just transacted, what might that mean?
4m shares sold. That's very high volum, and the SP holding up nicely. It may be that alot of smart investors are getting in and the very last of the weak hands are leaving ahead of the next share issue. This is bound to bring a bit more stability to the stock. Much, if not all, of the 150m shares placed will be with insititutions, and they know what the company is all about, that's a big endorsment. We can expect to see ananlysts get thier finger out over the next few weeks and run the rule over JSG. Should be interesting!!
Some of the directors hold insignificant amounts of the stock. They need to buy more to show that this can work. Step up to the mark....please..;)
has moved up already from the lows of earlier. JSG has secured £30m from institutions and no doubth the next £10 will not be a problem.
Look at it this way. The bottom is truely in, we can only to up from here. Granted the turn around is not the fast job we all wanted but the business is good and in just one year the share price will be well back up at 70p plus.
seems so
one on board or are you all just stunned with today's trading on AIM? I had assumed that a certain degree of stability would come with the change over to AIM.
This may have something to do with the change over as a trade of 9000 shares went through at 23p which was classified as 'uncrossing trade' from yesterday. possibly......??
Why the big drop? Has someone just woken up and discovered that JSG is now on AIM and decided to sell?
Will this Board continue covering JSG after the switchover to the AIM exchange? If not can anyone recommend a good site for same?
Ruthykins please enlighten us. The rights issue has been on the cards since the new lending agreements were put in place. No surprise there. The share price will only come good when that is done and over with.