Member Info for parkez

Why would their be a placing before the Wressle inquiry..positive result there would imo be a catalyst for a surge in sp.
Unless of course DB thinks the result will go against us. Possible 4 weeks for that result.

Too many investors rely on these boards for their information on the company they are invested in...a select few bother to take the time and effort to actually research.
I spent a good hour this morning going over why i am invested here, take aboard all comments on here ...believe none of it until you have confirmed it yourself.
All for a balanced board...but as they say always do your OWN research.

WEST NEWTON...
"potentially off shore reserves ...on shore"
Potentially is the word....but obviously the recently invested IIs, to the tune of £24m believe in this potential....
Happy days and at least a ten bagger IF mission accomplished!

just out of curiosity, which big sells would you attribute to a large holder today.
Had a quick scan through, the largest trade appears a buy, only going off advfn listing and only shows after 10.15.
Trouble with work it gets in the way sometimes.
FWIW i think hes finished also.

The RNS just states book build, does not infact state accelerated.
Note.
An on-market bookbuild gives everyone fair access. It allows investors willing to pay more to bid more for shares, and potentially be rewarded for price leadership with a better allocation. It also allows companies to price the offer in light of all of market demand – giving them the option of maximising the price and thereby minimizing dilution for existing shareholders.

https://www.onmarket.com.au/help-faq/asx-bookbuild/what-s-the-difference-between-a-traditional-bookbuild-and-an-on-market-bookbuild/

Anyone know which type RBD are using...on market sounds like there best option.

Apparently theres two types of book build...the rns does not say which type...
https://www.onmarket.com.au/help-faq/asx-bookbuild/what-s-the-difference-between-a-traditional-bookbuild-and-an-on-market-bookbuild/

Accelerated Book Building
An accelerated book-build is often used when a company is in immediate need of financing, in which case, debt financing is out of the question. This can be the case when a firm is looking to make an offer to acquire another firm. Basically, when a company is unable to obtain additional financing for a short-term project or acquisition due to its high debt obligations, it can use an accelerated book-build to obtain quick financing from the equity market.

With an accelerated book-build, the offer period is open for only one or two days and with little to no marketing. In other words, the time between pricing and issuance is 48 hours or less. A block build that is accelerated is frequently implemented overnight, with the issuing company contacting a number of investment banks that can serve as underwriters on the evening prior to the intended placement. The issuer solicits bids in an auction-type process and awards the underwriting contract to the bank that commits to the highest back stop price. The underwriter submits the proposal with the price range to institutional investors. In effect, placement with investors happens overnight with the security pricing occurring most often within 24 to 48 hours.

Accelerated Book Building
An accelerated book-build is often used when a company is in immediate need of financing, in which case, debt financing is out of the question. This can be the case when a firm is looking to make an offer to acquire another firm. Basically, when a company is unable to obtain additional financing for a short-term project or acquisition due to its high debt obligations, it can use an accelerated book-build to obtain quick financing from the equity market.

With an accelerated book-build, the offer period is open for only one or two days and with little to no marketing. In other words, the time between pricing and issuance is 48 hours or less. A block build that is accelerated is frequently implemented overnight, with the issuing company contacting a number of investment banks that can serve as underwriters on the evening prior to the intended placement. The issuer solicits bids in an auction-type process and awards the underwriting contract to the bank that commits to the highest back stop price. The underwriter submits the proposal with the price range to institutional investors. In effect, placement with investors happens overnight with the security pricing occurring most often within 24 to 48 hours.

"So potential investors in the RBD book offer can legally see any CPR before we do"
i agree with this. however my point is on tues night they will be asked to make a trading decision on the information put before them...taking shares at an agreed price...this will at the moment be based on information that is not public knowledge...dealing on insider information.
This information has to be made public before...tues after close or weds morning ,puts all investors on a level playing field...imo.

once an institutional investor agrees to provide funds for shares he is trading on the market, once they have news that is not public knowledge they become insiders and are therefore not allowed to profit from that information.
The book build is tues night...the results rns will be weds morning imo.
expecting cpr rns when?
Tues after close?

If they are in possession of the cpr and do not release before the book build but only show those investors taking part...and then release after, causing a massive uplift in price....surely not legal.
Therefore imo the cpr will be made public before the book build.
OR does anyone actually think they are trying to raise £20m off the back of promises?

Very unlikely RBD would take this course of action without the cpr.
Very unlikely they would be able to raise the required funds without the cpr.
When will it be made public....and just how long have they been in possession?.
VERY UNLIKELY ITS NOT WHAT THEY SAY IT IS EITHER.

Dont really see a lot of selling?

Firstly its not a placing...its a book build.
Stifel Nicolaus will go to old and new investors, present the case of why they should invest (would be pretty difficult to do this without the CPR).
The investors will then put bids in on the night of the 8th.
The best bids will be accepted....its basically an auction.

"The bookbuild, being conducted by Stifel Nicolaus Europe Limited, is expected to open at 4.45pm on Tuesday, 8 October 2019."

Should be an rns weds 9th with the results then.

I think the subject being raised about a placing NOW is valid...got to be a possibility.
Hoping not...but it's a possibility.

Seems the script on this saga is changing daily...I asked yesterday what today would bring. Bloe did a book build and raised £12m at 11p a few months back...sp now 50% lower.
Going to be a lot of very wary iis looking at this...like pis they might just not believe what's put in front of them. Can understand if they are struggling to raise
.expect a big discount...will/do ujo be asked to contribute if theres a shortfall.
Positive news...I think.

What a difference 24hrs makes...yesterday it was all about placings and today its a takeover...wonder what tomorrow will bring?

I asked yesterday about the possibilities of a farm in/new partner.
Would be in the interests of most parties...UJO passing on % of their part...
future revenue and funds to develop Bis.
Just a thought.

Closing price again set by UT at 16.35. Live closing buys and sells higher so along with the large seller hopefully finished...blue day tomorrow...imo