Up up up tomorrow8 Jan 2020 03:02
Shares could well be sold for a higher price tomorrow, a few institutions are interested in this. The RNS states that "The net proceeds from the Transactions is expected to be used to repay the Borrowings in full." Which is great news.
The shares were used as collateral against borrowings so it shouldn't come as a surprise that these are being sold. The institutional investors are obviously going to be buying if the company knows that the proceeds will be able to repay the borrowing in full.
Not to mention Barclays themselves are the "bookrunners" for this sale, they are the main men involved.... and didn't they predict this was going to £40 per share in an RNS today.... yes 4000p... they know way more about this deal than us, so are the shorters on this board really that confident? Ofcourse not, they are waffling and know as much as the average investor. Who do you trust? Barclays or individuals who put their pub money into stocks.
This is not a dilution, this is more like a transfer of shares to institutions who want a piece of the pie here. Borrowings paid in full sounds good to me, a debt free company with great future prospects.
Please don't forget that this has already dropped from £25 to £12 per share in the last few months, very recently.
An RNS will be released at 7am confirming the price they got for this. It could well be £20/ 2000p per share. Or it could be £10/ 1000p. But from everything we have spoke about i believe we will be getting £20/ 2000p.
Good luck all holders, my post will have no effect on the share price, its all in the institutions hands now.