The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
And there’s a few of your type on every LSE bb these days who can only post blindly ramping and Uber positive msgs and attack anyone who might dare to suggest things aren’t entirely rosy . Equally tedious I assure you. I am hopeful Dr C knows what he’s doing and that there might be a chance this recovers to a degree. As far as you’re concerned what could possibly go wrong- we’re all going to be rich and is a dead very and this is definitely going to be a multi bagger…
Sorry, yes absolutely right. Transactions will take place after the GM and resolutions are approved.. I had forgotten about that hurdle. I wonder if the company will release an RNS today or some time before the GM to confirm if there was enough uptake or not
Offer closes at midday today - hence the RNS this morning suggests the BODs want to get this over the line and know that’s they’re close but not quite over the line yet.
I think the shares HL buy on your behalf will be transacted today and probably show up in your account on Monday or Tuesday.
£4.8m is NOT just for keeping the lights on Slacker. At least get your facts right. That’s for a fully operational R and D company.
This is a step in the right direction. A small step yes, but it’s just the start. Any genuine investors here will be pleased to see this development.
After so much personal disappointment in the management of this company and even though I’ve lost massively I am happy to finally see this kind of progress that will benefit ordinary people. Still think the BODs are not to be trusted and may still be giving pis one last chance to make a small profit before they either go private or let this be sold. Unless the raise is unsuccessful 1.5p is a bargain imo. I will be attempting to recover some losses so am grateful for that opportunity at the very least. If the sp can get back to 5p by the end of the year GDR will be doing very well. As I’ve said before, if - and it’s a big IF - the iis coming on board now have sticky hands then this will do really well. If they dump as soon as they’ve made 100% profit ie with the sp at 3p then it’s going to be a tough few months for lths. By my reckoning there will be at least 200m shares to be churned before the sp is let go properly.
Tiger tiger, it’s not inside information and one broker even publicised at the start of this week the fact they had 7.5m shares on their books and that in the 1:1 offer they still had 1.6m shares left to be applied for!
Don’t think so System. I applied for a load through HL becaus I still have about 1000 shares. I applied for a 1000 on the 1:1 basis but also £15k extra at 1.5p
When I spoke to my adviser at HL yesterday he said he thinks I’m likely to get all £15k so that made me think it’s not over the line yet
I’d say it’s nailed on. There is no way any ii would put £ms into GDR on a whim. And clearly there are some iis (my suspicion is one of them is RF) have decided to put several £m in at 1.5p
The crucial thing is what happens if retail don’t come up with the extra cash needed in order to get this up to the requisite £6m or so. Surely the BODs don’t just hand all the money offered in these various placings back. BOD cd not have been clearer in the placing RNS : cough up big time or else!
This will be the very last time GDR can get away with luring retail investors in unless it all comes off.
Big questions still remain about the near term future. What do these iis do if the sp doubles to 3p? Will they immediately dump? Could be a very short lived recovery with retail left holding the baby yet again whilst the iis walk off with their pockets full and a quick 100% profit.
GDR has never been such a risky punt as now imo
RF no longer hold any GDR shares. It was confirmed by CFO Russ Shaw in the recent Investor presentation. They made it clear they didn't want to go to RF for any further funding so as far as I'm aware they are already out. The damage to the sp was done over the last 12 months though. A hugely dilutive raise done 12 months ago would have been far far better than the deal Budd put in place. I will never understand how the Chairman Gilham let it through...oh but hang on, the Directors can now buy shares at 1.5p rather than say 15p. Stitch up for lths if ever there was one.
Ah ok tks. In which case a mere £10k per day. Let's say the exchange is trading 200 days a year - I don't know if it's like the markets - but that's still c£2m per year being generated. That's just one arm of GST activities. If they're making anything like £5m a year then the mcap is still quite a bit lower than it should be. And that is with nothing else for the future priced in.
And what are the fees GST charge? 0.5%? If it is about 0.5% then that's about £25k per day. How many days a year? Very decent wedge.... Not selling any here until this is at least 2p. Missed out big time before and know how this can just go off like a rocket. Am convinced the BODs have some good news to drop soon, and before the July results.
Tiger, I know you’re optimistic here but I read your post - there are buys coming in their thousands - and then saw there are actually 142 trades in total. Please post sensibly. Many lths here who are seriously in the red and we don’t need senseless ramps like that. Is fascinating to watch from the sidelines and for a moment there I thought I’d missed the boat. As soon a ms the buying started some quick fire sells appeared so I think there are many jumping in for quick day trades.
What happens if they can only raise 80% of what they were seeking? Surely they still go ahead with it all and hopefully the forthcoming good news will help stabilise the mcap and see them through to a less dilutive raise early next year..?
Honestly think after some initial selling once 400m new shares are dumped on the market the sp could go on a bit of a march as we approach July 10th. Full Recommendation and confirmation that the NHS will confirm its adoption plan within three months and things could look very interesting.
For now though I still see it as too risky to buy on over 1.5p