Member Info for Slownsteady

Why do we know that? And how do we all know this is going to lift off to 15p -18p?
Or is this more finger in the wind garbage for the sake of talking?

Stop squirming, Pianista. Lie face down quietly while nurse applies her soothing balm. :-)

Pianista, I didn't know you had asked the question. But if you insist... a certain Saunders, Ronson, Cohen, and others for trying to manipulate the Guinness SP back in the good old days... the Saatchis, who were allegedly part of that dinner table cabal that concocted the scheme escaped by the skin of their teeth due to their close links with Thatcher.
In the US, the Junk Bond King Michael Milliken was jailed for manipulating Bond Issues in exactly the same way. Plus a host of others from Goldmans, Salomans etc.
The Yanks ae much harsher about all this than the Brits. I don't know how old you are, but stories of Wall Street Investment Bankers who tried their manipulation tricks being led out of their Offices in tears and handcuffs were legion.

Pianista, remind me again... You said the sp was going to be manipulated north before the deadline to attract suckers into the Open Offer?
Precisely the opposite has happened. Ooops.... :-)

That's debatable Joe (depending on your approach).
If you are a short term trader, Yes.
If you are a long term Owner, No.
As for the rules, they are specific, as anyone who has sat the Securities Exams (I have), will know. Takeovers, New Issues, Reporting requirements etc... are all set down in black and white.
So all the conspiracy theories about price manipulation, taking over the Company by stealth, not reporting Takeover approaches, what constitutes advice and what does not, are fantasies of the (sorry) ignorant.

Depends on the size of your transaction. Stamp Duty applies @ 0.5% regardless, but £11.95 (online) is more significant if the transaction is for a £100 and less if it is for £100,000.
Best you work it out yourself.

@joindots... No, I am simply filling in factual information specific to the questions being posted. It is neither illegal (already posted as an RNS) or disgraceful, but merely helpful. As evidenced by the gracious thanks received from the questioners.
You appear to be one of the casino chancers who doesn't now the rules. By all means take up your entitlement @12p. It will mean others don't have to pick up your slack.
By the way, I am well long (300k shares), so have no vested interest in a "crushed sp" as you so uneloquently put it.

One thing to consider is the overhang if the Bookbuilding commitments are left holding a significant share amount and decide to sell or reduce their exposure.
Looks like the £10 million Underwriting fee was worth its salt after all.

Get back to your Stockbroker sharpish and cancel your acceptance. I've done that (online, will confirm by phone), planning to buy in the market.
It could be your Stockbroker (as with mine) will fill your original acceptance with only the cash available. But definitely check with them and cancel the original acceptance.

Typo ... 1 share for every 15 held.

Up_Lids... yes you are correct. (a) You will not be required (or even entitled) to buy additional shares. (b) your shares will be consolidated (1 share for every 1 held) without losing value, all things being equal.
15000 shs @ 10p = £1500
1000shs @ £1.50 = £1500

Could you please post the text if possible? This link which you have also posted in the past takes me to an irrelevent "AIM Stocks" page.
Thanks.

@longtime investor. If Mr. De Hann did indeed wish to launch a take-over (in my opinion, not a smidgen of a likelihood in the near or medium future) he would need to pitch it at 27p or higher (takeover rules).
He's a White Knight... not a Predator!
Look on him as glass half full, not half empty!

As a retired banker, I'm in agreement with with the Retired Banker - except the 18p uplift straight off. Not sure what the 18p average cost to the big Investor has to do with that conclusion.
I'm taking up my full allocation, and looking for a big payback in 2 to 3 years' time. Too long for most of the newbie casino stars who have come into this lately.

Yeah right.... John F Kennedy was killed by the Military Industrial Complex...... the Americans never landed on the moon... Covid is one big Bill Gates/ WHO/ Government Command and Control Fraud......

Pianista, there's a lot of garbage posted on this site from punters who haven't the slightest idea how the stock market works. Yours is right up there I'm afraid. Price manipulation of the kind you are suggesting will happen is a jailable offence.

No hereigo. They will be tradeable along with all other SAGA shares, in due course. (I think after 5th October)
You are probably confusing with ex-rights trading, which does not apply to Open Offers.

Nice one. Yes, diluted by 16%. But at a price north of the current sp (part of it at 27p). I'd say that's a fair trade-off.

The bookbuilding exercise established the "so low" 12p Open Offer Price.

And thank you, Kammi.