Member Info for skid35

Let's remember the cash raise is directly caused by the failure in the aroc contract, it's a pity "Managing cash and financial profile" was not consider ed in signing contracts with companies they knew were uncreditworthy building up over 10m in wip. Last month they confirmed at results they didn't need any cash, it really shows they don't have control here.
Agree the agreement with funders backing the 10m provides certainty, but at this discount level of desperation. A differential apportionment to the 10/3 would be preferable to reward existing shareholders, or an agreement to scale back the 10 by 2m should there be demand elsewhere.

Anyone posting the latest ST missive also needs to provide the same form 2 years ago, also his brilliant analysis of the cashflow at globo.

Just saying 16m is bugger all considering the opportunity.
Amazing looking at the SPACs in the US trading at multiple premiums of the cash they have raised, in the UK as well a lot of shells with really ****ty little holdings in ****ty local IT / software companies.
Have every faith here.

viable - No problem Just don't want you to get your hopes up, at worst spend the money in your bank account having assumed this gain is in the bank. As I say a few disappointed investors next week.
I expect the base offer to be taken up 80-90%, this would leave £300-600 k between a hell of a lot of people who have applied for multiples of their basic.
They should have done a 5m / 8m split rather than a 10m / 3m to give existing shareholders a greater share, small shareholders always shafted.

Viable. Unfortunately you are 100% incorrect.
Read the circular, the results of the open offer are on 1st march. They cannot issue shares without shareholder approval.
As I say, a lot of very, very disappointed shareholders next week.

Jesus, £16m.....£16m.

Roman.
- Yes I would expect 10-20%. BUT this is of your basic allocation not the excess you have applied for.
- Depending on how they allocate this will be differing % of what you have asked for in the excess allocation by person.
- You cannot tell the level of over subscription from this 5 times, I expect 10-20 times.
- There will be some pretty p###ed off existing shareholders with the allocation, especially as £10m has been given to selected existing and new shareholders when this could have been taken up 100% by existing shareholders.

As an aside I was reading the brilliant "red notice" by the great bill browder about Russia, a recommended read. In it he describes cash raised at a massive discount to favoured people to basically give the company away. Not at the same level here, but as an existing shareholder pretty annoyed here as the £10m will immediately earn £2m, no guarantee this will just be placed in the market and pull the price down.

.....someone's after some cheap shares......

Belgrano.
Fully agree, we need far more clarity on results. If SOH and the board don't have these, don't update.
I'm with you in terms of more understanding of revenue streams by contract but understand commercial confidentiality and contractual ndas come into place.
We need to be careful in mixing issues of woolys "the apprentice" level type understanding and solutions, with the more knowledgeable contributors to the board.
Anyway looking forward to the update and then the official half year statutory report.

Neil, I think you need to read back to yourself what you written - just nonsense.
If they did nothing with the cash and just stuck it in a treasury account the company would have 13m more assets, and it would be an element in the company's valuation.

Belgrano.
No one can answer this question with three variables.
- What was their average buy price
- What is a decent return over what period
- Most importantly no idea what the share price will be

If you invest in AIM companies there is more risk and variability of return. Yes there is limited research, research paid for by companies, less and poorer investor relations and reporting standards. Any investment should have a warning for investors whose financial position, attitude to risk and current portfolio does not align to aim investors.
Having said that the standard of reporting and investor communication at OPTI is poorer than I thought when I bought in.

The objection to Wooly on the board is his lack of understanding what he purchased both at the time now, how the company works, it's markets, it's financials, it's risks as an early stage company etc.

The two new board directors seem very well qualified.
I also take comfort from the very large director buy.

Anyway, looking forward to results day.

Thanks tracy.
What really does surprise me is that the market is pricing ENET on the expectation that not one of these will happen, or if they do happen will be more less material than expected.
This despite evidence of progress on each one.

Otter.
Nice to see you posting again.
By coincidence I sold 1,500 shares and kept 5,000 shares last week. I don't pretend to have any particular insight, I sold as the price rise meant that BOOM was becoming too large of a % as an individual stock.

Still completely below the radar.
The discount must be large, excluding cash I think we getting to levels where the underlying investments are zero valued.
wonder what will get this narrowed ?

Sorry, 20% gain

Hunsen.
Read the offer, it hasn't yet been given shareholder approval so how can they issue shares?
In a week's time you will get 99% of this cash back into your account. Please do not assume you have banked w hat looks to be a 10-12% gain.

Just a reminder as existing shareholders seem to have taken up the open offer with a major oversubscription.
The kromek board has not rewarded your shareholding, with 10m going to existing shareholders they have selected together with new shareholders they have selected. They will make an immediate 10-15% at existing shareholders expense.
There will be major disappointments here as 3m for base and open offer is crumbs falling from the table.

Has anyone on this thread actually read the timetable for issue, or the summary at the start of the thread ?

Hunsen,
No you havent. They take the full amount so you don't use of to buy other shares or take cash out. You get a credit after the allocation.
I doubt whether you will get more than 25% of your basic allocation, so a hundredth of what you want.

Uhlf,
Agree that's why I said 2022/3, but Hopefully the market will partially price the company later this year on expectation.
Hopefully this year a nice steady news stream to take this into the 40's and 50's q2/q3.