Member Info for smose

agree with you pyueck - best performing aim vct for this year. It is not my largest vct so I intend to top up in the feb round. If you are too top heavy on Amati, you might want to consider Hargreave Hale or Unicorn, both done ok and score well on stock rank in stockopedia (better than Amati).

Because of the history of this company (vs targets) and the ambitious trajectory from this point onwards, the market will only respond once reports of production come into fruition. We don't want any broken promises....

it also vindicates their original reason for selling that they were approached by the ii for large shares needed (we believe to be Jubilee and Slater).

that gesture of buying direct from the open market is an important gesture, regardless of the amount. In any case (and in addition), they have stock options still to exercise, adding to the total shares they will own.

sorry buying at 10.77p

the directors could have exercised their options but instead chose to buy from the open market, showing commitment and confidence. In the process, made profit (sold to II at 13p and bought at 10.3p). I applaud them.

did exactly that. Topped up @11.7p

and we need the counter-balance to the ramping, especially in advfn JLP-mighty oaks from acorn site just now.
Please don't feel that your voice is lost against the flow of sentiment....

Hi TBTT,
I for one, really appreciate the exchange between yourself and gotreal. Please continue commenting on your views (with your experience in this industry and geography).
I need to hear some risks with JLP, as I am invested in all 3 companies - JLP, SLP and THS (in this order).

thanks shivers. Just what I asked. I am indebted and reassured.

mid cap is 350m to 2.5 billion pounds.

are there any accountants who can help clarify this issue? The number of shares involved in the dilution is not small (warrants alone - both exercised and not-yet exercised account for 10%) and the loan conversion is so far 5%.

Sorry but I don't agree. Only the warrants that were exercised recently and last Friday's loan conversion has been 'priced in', hence the current price of 12.9-13p (also of course affected by the millions of shares traded on Friday).

I don't think the remainder of warrants not yet exercised and loan not yet converted have been priced in, as they are not included in the total number of shares issued.

Hi Mikiesunday,

I really like your positive attitude. With regards to the PE of 15, and re-rating, I am hopeful that it will occur. The market will also take into account the dilution of 15-20% (to account for warrants not yet exercised and conversion of remainder of loans). The 'fair value' estimated by simply wall st and by yourself yesterday need to be adjusted accordingly.

BB2 - what Jammer and you said makes sense to me. Definitely tidying up the financial health of JLP. I'm going to check the impact of today on JLP's details in stockopedia.

Thanks BB2. Am I right in concluding that the conversion today from loan to shares have diluted the total shares by 5%.

In addition, there is 10% outstanding warrants/options and the remainder of loan (to convert to shares) to expect in the future. The value of the company (market cap) will have to adjust to take into account the >15% dilution in the shares at some point. I presume the static share price of today is part of this adjustment.

On 6 Jan, when some warrants were exercised, I asked about what additional dilution to the shares is likely from warrants, options that have been issued previously. An answer was 110 million outstanding options, amounting to a possible 10% dilution of shares.

Did that assumption include this construct that just happened?? or is this additional to the previous assumption?
I would like to ask the question again - what is the outstanding dilution of shares that we can expect in the future, after today's action? Thanks in advance for any further clarification.

According to stockopedia, Leon bought 27810 shares @ 7.21p in May2013. He does not to have had any director's dealing since then. By contrast, Colin is a major shareholder and owns 11.5m shares, having topped up with 500,000 shares in Feb 2020.

799. I've beaten you by tripling my investment this morning. I had to bite the bullet on BUR (was hoping for turnaround after joining NYSE but didn't happen and need to wait till FY results in March). Couldn't wait till that time. Hope this move will re-coup some losses.

could it be because the proportion of shares trading (and proportion of free shares) in the UK is much higher than in the US ?This dynamic is used by the market makers.