The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Onwards and upwards I guess.
(I'll be hanging in for the drill results)
Application will be made for the 475,000,000 Placing Shares to be admitted to trading on the AIM market of the London Stock Exchange ("AIM") and it is expected that admission will take place and trading in the Placing Shares will commence from 8:00am on 8 October 2020 ("Admission").
Total Voting Rights:
Following Admission, the Company's issued share capital will consist of 3,894,807,846 Ordinary Shares, with each Ordinary Share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. This figure of 3,894,807,846 Ordinary Shares may therefore be used by shareholders in the Company, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Why doesn't the fundamentals show the placing shares? I thought they were meant to hit the market on the 8th...
So all these investors already had shares that they have decided to sell.
I'm not convinced, or that it is all that consequential.
Seems to me that the share price is just reflective of the £100m pre-placement valuation and once this episode is over we can expect to move onto the next phase (and hopefully see excitement/value rise).
But these shares are not in circulation yet as the total is still 3,400m. How are they selling shares over these last few days that they haven't yet got?
Again apologies for the ignorance but doesn't seem to make sense.
Excuse my ignorance, but how do current market buys or sells have any impact on the placement shares?
Surely the 400m+ shares have already been bought? Otherwise how can they possibly announce that they have raised £9.5m through the placement?
I work in building engineering. We are regularly employed to undertake due dilligences for clients who are looking to purchase as property. It's what you do. We are independent and have a duty of care to give an honest appraisal of what we survey/investigate.
Thanks for your info Starchild. Where do you get the old shares in in issue figures from? I am always after this info as it gives a good idea of historical value, but I have such trouble finding where to get this info.
I am now heavily invested here and very excited about the lead up to Percy-1, but have a few nagging concerns over the finances -
1, How close are we to covering costs? We appear to have $25m, which appears to cover the revised estimated cost of the drill. Surely it's not enough yet, where is the contingency?
2, Assuming we need more money, where is this coming from and how much more dilution can I expect in my shares?
What makes me nervous about this share is the potential for further dilution or other events engineered by BPC (for the good of the business) which could see the share lose value.
As discussed in this forum at length the potential from the drill etc is huge and that is what I am truly hoping for (I'm invested heavily here).
But having had a number of years in oil and other shares in general I have experienced a fair bit of dilution and/or consolidation which never seems to favour the shareholder.
Thoughts?
Thanks all. Very useful info for me to ponder over.
I was in this share all those years ago (same time as Falklands was the thing) and have just recently got back in, in a much larger way. Holding tight for December. Good luck all.
Referring back to what this share did 10 years ago, the number of shares was clearly far less when it traded at over 10p. How can I find what that number was to work out the market capitalisation back then?
Or is there already a source of historical data/graph which shows previous market capitalisation figures?