NCCL4 May 2018 08:47
Right, they told us they're skint so no problem there with the placing. BUT, they usually raise cash through the directors & existing shareholders, they put out a rampy RNS yesterday & price spikes, then they raise 950 with city spivs. To day that leaves a sour taste is an understatement.
The reason the spivs are so keen (and likely begged NCCL for this placing) is because they have a near term story to ramp the shite out of.
It will probably go up at some point in next couple of weeks while spivs etc derisk or bank their 10/20 % but given all said & done, the risk just increased here.