Member Info for slowlyslowly

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It says it's gone up because the share has gone ex-open-offer. Like when a share goes ex dividend, the fact you no longer qualify makes your shares worth less. So you need to adjust yesterday's close to get a proper reference point for today. In this case 0.0565 becomes 0.0345.

Not as bad as half. The extra shares you didn't buy weren't given away for nothing. The company's cash position will be better after the offer completes, so you have half the proportion of a company whose value has gone up.

@aa888

If you don't take part, you still have the 2m shares you have now. But, the number of shares issued will have doubled, so those shares will represent half the proportion of the company you held before.

Bodycote is BOY. Google are showing that as a search suggestion for those asking for the share they don't think exists, namely BOU. They'll fix it eventually.

new name, not new many

They've just registered a company with the same name as the planned new many to prevent someone else squatting.

*know*

We now Jonathan Freeman leaves the Board latest end of Tuesday. Presumably they need to announce a replacement by then as well. So we're certainly going to get _something_ within the next 3 trading days.

The consolidation will be 100:1. That means, on the date it takes place, every 100 shares in MXO are exchanged for 1 new shares. If market sentiment was totally unchanged, the new shares would open trading at exactly 100 times the price at which the old ones closed. In reality, the next day's open never exactly matches the previous close, so it won't be exactly this. But the consolidation itself should lead to neither a share price uplift or decrease. In this, it's parallel to a share that goes ex-dividend, when (in theory) the share price would drop by exactly the dividend amount.

So, if it were tomorrow, and we closed at 0.34, expect the open to be 34p (100x), give or take. But the actual price will be based on whatever this is trading at when it takes effect.

Everyone was new once, and everyone with any sense continues to learn.

"NT" = "no trade" quoted. I.e. - we can't find you any shares to buy (NT to buy) or can't find a buyer for your shares (NT to sell)

LSE is showing (http://www.lse.co.uk/share-fundamentals.asp?shareprice=MXO&share=mx_oil) shares in issue as 4,471m.

The RNS on 15th gave the new total number of shares in circulation.

Yes. @goodshare, you've missed the 1.7bn share issue announced on 15th which entered the market on 18th.

Nope, RNS of 15 Apr: "The Company does not hold any shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company will be 4,471,349,664."

A UK company needs to register the ticker GLA with the London Stock Exchange. Think of all the free cross-ramp traffic they'd get.

The good news: We now longer have to read tweets about #PSL cricket
The bad news: It seems that #BOU means something in football.
In other news: What's this? https://twitter.com/bouzbou/status/1120944453215117313

Your opinion was "strong sell".

What position do you personally have invested here?

I'm sure Gary Newman contacted the company's broker before writing the story, just to make sure he's got his facts right.

14% is correct.
He bought 21%, then there was a share issue that diluted all existing holders by a third.
So without selling a share, his proportional holding reduced from 21% to 14%

It is significant, yes. I thought the threshold was 3%, but may be wrong. In all likelihood, it's significant enough for us to want to know who it was, but not enough that we'll find out - unless it was someone topping up so they're now over the threshold or reducing from over the threshold. It could be someone deliberately buying an amount that prevents them having to notify.