My calc rough figures. If Tech and approx 30% resulting ownership. If converted loan note converted to shares at current share total. 500 million new shares Total would be 2.2 billion 500m plus 210m tech have already equals just less than 30%. Therefore £74m div 500m shares equals 14.8pence per share
Is this regulatory approval what HZM have been waiting for for the final pieces to be announced? We will see an RNS tomorrow with this announcement, but will we see The RNS we have been waiting for?
I personally do not want a take over. I’m at a position in life where in the next 5 years I will be repositioning my portfolio from growth to revenue. HZM fits that bill without me having to do anything.
Context is everything in deciding where and how long you put your money into a share. You maybe a day trader, an trader on news or a true investor who believes in the company long term. Also the exposure you have in terms of % of PF. All views are valid but context matters.