The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
I’ve was thinking about how the raise price would pan out for the cornerstones.
So I rattling them around my head and came up with the below.
I’ve keep the figures simple in a relative illustration.
Assumptions
Current number of shares 300 million.
Cornerstones each currently have 20% (60 million shares) retail 40%.
Future value of the company £800 million.
Equity raise of £100 million rest through other financial vehicles.
Given each cornerstone gives £30 million and retail gets £10 million.
SP after raise will initially reflect raise price.
I give two examples
Raise at 20p a share. (500 million shares)
New total number of shares in issue 800 million.
Each cornerstone gets 150 million new shares.
Total 210 million. New % share of company just over 25%.
Value after raise 210 million x 20p = £42 million.
Future value 210 million x (£800m / 800m shares) = £210 million
Raise at £1 a share. (100 million shares)
New total number of shares in issue 400 million.
Each cornerstone gets 30 million new shares.
Total 90 million. New % share of company just under 25%.
Value after raise 90 million x £1 = £90 million.
Future value 90 million x (£800m / 400m shares) = £180 million
I’ve was thinking about how the raise price would pan out for the cornerstones.
So I rattling them around my head and came up with the below.
I’ve keep the figures simple in a relative illustration.
Assumptions
Current number of shares 300 million.
Cornerstones each currently have 20% (60 million shares) retail 40%.
Future value of the company £800 million.
Equity raise of £100 million rest through other financial vehicles.
Given each cornerstone gives £30 million and retail gets £10 million.
SP after raise will initially reflect raise price.
I give two examples
Raise at 20p a share. (500 million shares)
New total number of shares in issue 800 million.
Each cornerstone gets 150 million new shares.
Total 210 million. New % share of company just over 25%.
Value after raise 210 million x 20p = £42 million.
Future value 210 million x (£800m / 800m shares) = £210 million
Raise at £1 a share. (100 million shares)
New total number of shares in issue 400 million.
Each cornerstone gets 30 million new shares.
Total 90 million. New % share of company just under 25%.
Value after raise 90 million x £1 = £90 million.
Future value 90 million x (£800m / 400m shares) = £180 million
Upto date shareholders list
https://horizonteminerals.com/uk/en/significant_shareholders/
I thought this was interesting
https://www.linkedin.com/posts/daniel-machado-5a8b85167_essa-semana-me-despe%C3%A7o-da-horizonte-minerals-ugcPost-7126163918367932416-HSbg?utm_source=share&utm_medium=member_ios
I just wonder if BT could be so stupid as to reply knowing it could be used against him in a court of law, if as you say he steals the company, and the shareholders bring a class action lawsuit against him.
Just a wild outlandish thought, just to stir up a dull morning. Lol
Https://blackrockmining.com.au/loan-approval-from-the-development-bank-of-southern-africa/