Member Info for Raleigh

I see it's already in the RNS. Apologies. No effect from that yesterday.

£70m remediation bill expected at Citigate, Croydon, according to Inside Housing.

IT does not matter who orders and pays for it, as long as someone does. Also, although there is yet to be an official announcement, it is said that £1billion will also be spent on insulation for public buildings and social housing.

3G like it - holdings up almost 1% the company.

There is appetite for the shares in excess of the issue price, despite being repeatedly sold down. There is 1.95% short recorded, with Blackrock upping theirs slightly on Tuesday. Short selling during an offer period obviously makes the issue price seem less attractive. CD and R have the only 25p shares. As cornerstone investors, I see no reason why they would sell these, or why anyone involved in the capital raise would sell shares at below 30p. I think that puts a floor at 30p ( as we have seen on recent trading with knowledge of dilution ) and if and when the fundraise is completed any immediate concerns relating to Sigs ability to continue trading with a new board and plan will disappear. We shall then be left with investor sentiment pending company updates, which I think is currently showing positive against those trying to sell it down.

I think we may be now at a stage where Blackbird's profile is such that any significant price weakness will be bought into. And as previously posted, in view of past performance can expect newsflow from direct sales, together with inroads on the sought after OEM deals facilitated through Mr. Honeycutt.

This is typical bulletin board stuff - a vague notion of a behind the scenes conspiracy to do shareholders out of their money. I shall leave it to those who want to play games.

There's not much doubt CD and R are aiming for 25% holding.
But, in the event the offer is not fully subscribed -
The only 25p shares are CD and R's - and how many pence cheaper do you say the underwriters will be paying for the unclaimed 30p shares, not taken up by CD and R? Or will sell them for off-market?
And who are these predators?

For reference, the dilution aspect is actually stated in the RNS.
'Following the issue of the New Ordinary Shares to be allotted pursuant to the Capital Raise, a Qualifying Shareholder that takes up its Open Offer Entitlements in full will be diluted by 37.4% as a result of the CD&R Investment and the Firm Placing. A Shareholder that does not take up any Open Offer Shares under the Open Offer (or that is a Shareholder in the United States or an Excluded Territory that is not eligible to participate in the Open Offer) will experience a dilution of 49.9% as a result of the Capital Raise.'

Blackrock from 0.61 to 0.7 yesterday

Travis Perkins are up 0.7% on the news

Imagination running away with you. And a buyout in the next year by CD and R ( 25% holder ) at any discount at all to the 30p it is envisioned they will pay for shares under the 2nd tranche? Think again.

Something is telling you to sell ( if you hold ) Have the courage of your convictions.

It may be worth mentioning that short positions have decreased from 7% in January to no more than 1.86% as declared and listed, so downside enthusiasm has weakened considerably.

I would say it is paddling and under firm control - https://www.idegroup.com/about/investors/major-shareholders/

It is not a dead duck. It seems to be a stabilising duck.

Today's Hunnicutt options RNS ( to be expected ) gives us a sense of where we are with those generally.
Following the above grant there are a total of 12,005,000 share options granted over unissued Ordinary Shares granted to Directors and PDMRs representing 3.57% of the Company's current Ordinary Share capital of 336,114,092 Ordinary Shares.

I should, maybe, have added main market there...........

Cornerstone investors are not as far as I am aware known for 'flipping' their cornerstone investments. I note they have only to retain a 20% holding to command 2 board seats.

"On completion of the Capital Raise, CD&R is expected to hold approximately 25% of SIG's Enlarged Share Capital"
So for me, that is 25% of the shares put beyond trading, and that figure excludes shares taken up by other 'firm' holders.
I shall take up mine, apart from in the most unlikely as I see it event I can buy at less before.