The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
same OO just price reduced to 9p from 11p
I don't think munchbox cares about the dilution as they just want to trade MWG
Fair point.
It does look like Sunup are willing to support the company as they potentially see long term gains.
I suspect MWG thought something like Gibraltar would have been signed off by now but couldn't wait any longer.
I would see a plea for help as a bucketshop placing at 5p
Nah. They'll end up taking the whole lot at 9p.
hope so.
the undisappointing part is Sunup are willing to take up the slack, so if no positive RNS's they will be up to around a 14% holding in 2 weeks time.
and with the events across the pond the new price is now more than on the open market....
Ah I see they had to drop the price. Good to see Sunup becoming more and more involved (perhaps they'll buy the whole company.....) as I suspect the overall market is heading for 'choppy water'
ha ha yes indeed. must read the BB
If the placing is 'done and dusted' why hasn't there been a 7am RNS?
Bottom fishers of the world, unite and take over
these guys like to spend money.
After a year of including Yourgene, the £1.9million increase in gross profits was wiped out by the £1.9million increase in Admin expenses.
seems the battle with Illumina has taken them to the cliff edge. Talks of another fund raising soon after the one proposed today.
'The new CEO is currently leading a strategic planning process which is due to deliver a revised business plan in the coming months, when the directors anticipate that further fundraising will be required to support the execution of that growth strategy and also ensure sufficient liquidity for the business.'
is this why it was released at the last minute. I know going concern statements for AIM companies don't always read the best but this was the last bit.
The Directors have concluded that the combination of these circumstances represent a material uncertainty that, if they were to transpire adversely, may cast significant doubt upon the Group's and Company's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the ordinary course of business. Nevertheless, after making enquiries, and considering the uncertainties described above and mitigation strategies in place, the Directors have a reasonable expectation that the Group and Company will have adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis in preparing the Annual Report and Accounts.
I think you may be over egging the pudding with your definition of a spike:-)
rabbit still to come imo
Do you post here?
I see you like to keep MWG management on their toes:-)
I reckon that rabbits is on its way, but then again as a holder I'm biased:-)
Maybe but I'm going to keep hold of my stock here. Good recovery play plus positive news could drop any time. Will be interesting what they do regarding the open offer as at this moment they are not going to get many takers....
I'm still in. I think there is a rabbit coming out of the hat from Sunup plus Gibraltar is still ticking along and they are being paid for the work. Nowhere in the going concern funding requirements did they mention about equity funding.
As for others, AIM traders eyes will always be drawn elsewhere as it is so short term for most (with some justification)
the initial market actually marked the price slightly up this morning. A net of 300K in sells suggests a few PIs believing they can make their money work better elsewhere.