Member Info for Steve17

Dilution, but at a premium to current price. In the current market that is impressive.

"All new ordinary shares issued in connection with the Placement shares will be issued at a price of 7.79 pence per new Ordinary Share, which represents a c.2% premium to the 30-day VWAP ending on 5 February 2023, being the last practicable date prior to announcement of the CIG Investment."

Desperate course of events, made by a company that appears to be on the brink. It had so much promise as well.

Shambles.

Dreadful situation and LTH's are having their pants pulled down and given a right thrashing with the forthcoming equity raise. This should have been a great company ... but it just goes from bad to worse.

And to say that the new raise will take the company to breakeven ... well, if I recall correctly they've said that quite a few times in the past and here we are again.

Quite good really.

"... is pleased to announce its intention to raise gross proceeds of approximately £0.5 million by means of a placing ..."

Is PLEASED they write ... BODs should send out a further RNS including the words ' ... and we apologise to all current shareholders.'

I cannot remembering reading a better RNS ... well done to Yu and us shareholders. The company deserves my investment and so I will top today even though it will be at all time highs.

It bugs me when such RNS notifications use the word "... pleased ..." when at the same time LT shareholders are bleeding in their investment.

Who is selling at such volume?

Not a good set of results and as previously highlighted the BODs will be out with their begging bowl in the near future.

Here is a suggestion to the BODs, that they all take a paycut and for 2 years work on the minimum wage. Thereby saving about £500,000 per year.

Just had a look at The Annual Report and Accounts 2021 and on page 42 saw the annual pay for the BODs. Having seen their pay levels I am even more appauled by today's news. Dont look if you want a stress free evening.

As someone else wrote here, today's rise doesn't just impact TWDs shareholders, it contaminates the confidence of all AIM companies.

I had to read the RNS a fews times as I couldn't fathom the numbers. I won't be buying any new shares, not at any price.

And they use the word 'pleased' ... pleased for who?

"... pleased to announce a proposed conditional placing to raise gross proceeds of £3.65 million by way of the issue of an aggregate of up to 364,524,700 New Ordinary Shares pursuant"

Am I really reading this correct ... new shares are priced at 1 pence with warrants. Dreadful, really dreadful.

I suspect you may be correct Harry. I also went into the local wrks shop and was heartend to see quit a few customers buying multiple items. Looking around the shop I was impressed by the prices which offered good value.

Hopefully the a good Christmas will result in an increased dividend.

"... with full year financial metrics now anticipated to be significantly ahead of market expectations", that'll do for me. Excellent

Fully agree Panda. In a spare moment I did a search of about 20 Works shops and approximately on average the reduction is around £6000. One shop, I forget where now, had a £25000 reduction. Multiple that by 500+ shops and that is a heck of a saving across the estate. Certainly this contributed to me topping up this week.

Very good find Panda and thanks for highlighting this. I entered about 20 Works properties and the reductions are significant.

Interesting move ... working with Saudi Pro League