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Placing complete, directors buying into it too, now that's confidence for you!
RKB, reading between the lines of your post, and please correct me if I am wrong, it seems that you think Oryx will dump their holding once collecting the dividend and upside of the sp. If so I would concur that I have seen this happen many times before with institutional investors however on this occasion I would disagree as CM from Oryx is joining the board. I cannot see a director from an investment company joining the board of QP and then dumping their shares. ( Hope I am not proved wrong )
The fact the placing is already fully subscribed to institutional investors subject to approvals in itself gives confidence to the sp. There may be a small fall when the shares hit the market but imo this will be short lived. Bare in mind the placing is to strengthen the companies position rather than a fundraise to meet its future obligations NUOG is a good example with their sp settling 20% + above the placing price within hours of the news.
Correction, dividend for those holding at close tomorrow.
This is now looking strong on all the news since yesterday. 1p dividend too for all those holding at close today.
I see it as positive news. The debt to the bank is approx. 24 million and they have a 10 million credit facility with them also. As a result there is quite a lengthy charge on the companies assets registered by the bank at Companies House so it is always sensible to clear this type of debt asap imo. If we were at the historic 80p to £1 bracket on the sp I would be concerned about the dilution but at current price I don't see it as an issue. The market seems to like it by the looks of the movement so far. Don't expect this to make serious gains overnight but medium long term holders who bought in the early 30's will be rewarded.
I had been expecting this news after the 2nd RNS of 6th dropped ( which strangely is still not showing here LSE ). It was my opinion that by the two investment companies joining forces to take a stake above 10% they would be able to call an EGM to instigate changes on the board. It looks to me that common sense has prevailed to avoid an EGM which can often cause further uncertainty for a company. The fundamentals here are still strong and I know I repeat myself but buying in tomorrow will secure a 1p dividend per share so with today's timely news I expect to see this push up quite nicely tomorrow.
Surprised it has gone so quiet here. The drop on this share was well overdone imo on the profits warning as the company still looks strong. There is a crucial 2nd RNS from 6/10 missing here on LSE where North Atlantic Smaller Companies Investment Trust PLC & Oryx International Growth Fund Limited have increased their stake to 11%. The icing on the cake here for me is a 1p dividend to those holding next Friday which is almost a 3% return on current price, may not be huge for some but guess the sp will increase into Friday as a result so added profit to hopefully be made. I see this as fairly low risk purchase at present with possible high reward and will be looking to top up in the morning.
TR1, Oryx now increased with a joint holder to 11%, interesting, that's a large stake
TRI, Oryx increased holding to 7%. May restore some confidence.
Georgey, there is no interim dividend, but there is a final one from last financial year of 1p for those on the register on 21/10. It is in today's RNS.
Definitely in my opinion. May take a few days to creep back up to the 40p - 50p mark. 1p dividend here if you hold on 21/10 which is worth almost 3% at current price. IMO 20% + return here over the next few weeks. May not be enough for some but the risk factor looks pretty low.
22 million contract, nice.
Just the typical media style of picking up on the cautionary statement re Brexit and pushing that under everyone's noses instead of the 95% positive part of the RNS. At least the company is prepared for the uncertainty so I see the caution as a positive. It will come back over the next couple of days with a likely interest rate cut tomorrow.
Few invested here I know but RNS showing NAV as 3.42p per share, well above current mcap. and looks fairly robust for the future.
Well done SPO, this should be interesting for the SP today
As I read the RNS MIO have £15million in assets, an increase from the £12.5million at the end of December and there are 478 million shares, so 3p per share. Way to go then!
I bought shares in here yesterday as did another poster here and a friend of mine, none of which are showing on here or on the broker sites. Two of the trades can be seen on ISDX but that stops at 10.30 and shows no further trades which is not correct. Why would this be? This company released an excellent RNS yesterday and clearly has massive upside but when investors who may consider buying in do some research and see low share volume being traded due to inaccurate information it must inevitably put them off.