Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Seems like Vulupes still selling and this will probably trigger some S/L's. Surprised we havent had the RNS stating how much they have sold..
I think you buy this at 21p level...
Or Vulupes to step aside, I expect another RNS today stating the amount they sold. Hopefully they will be done soon..
Just need Martin Diggle to step out the way and we should touch 30p..
Its in his interest to let the SP go up, however He/Vulupes clearly wants to off load some risk at this level.
If the raise has already completed , do you think they will reach out to us PI's ?
Will there be a placing ?
Arbitrageur - yes this is correct.
Remember its a MINIMUM raise of 6mil. so it could be ALOT more, its need shareholder approval, and BEFORE 9th DEC
If they cant raise 6mil then shares will be suspended .
very important points of the RNS
*RNS
I can only presume you have read this FNS from Nov 24
https://www.lse.co.uk/rns/ESL/response-to-share-price-movement-y9dkz6776nsccku.html
Make you own mind up about the future of the company - Tick tock Tick tock - Dec 9th
no worries. you know a lot more about the companys' history than me.
Seems a lot of smoke and mirror stuff going on behind the scenes.
I agree, if they come to market I think the Raise will be around 6-7P but thats a big IF.
Maybe a RTO ?
FYI - Im completely out of ESL now , (got in at 10p in may and 7p in July. and all out at avg 13.25 on the spike up on Monday. )
Im curious to see what happens in the future, as I think this company is going places , but I'm confused to who is in the driving seat (so to speak) .
TF- My explanation is not a load of rubbish, is it - no need to be so aggressive on. a chat forum. What bit is rubbish?
Regardless if people were convinced by Social Media or not, they were still 'natural buyers' and there was a buy ticket ok £85K worth printed around 13.00, maybe this is what triggered the SM ramping? So It's the same as yours, buyers in the morning, and then stopped by the RNS.
For me, the interesting/worrying part is :
They are committed to becoming an investment company, (so they aren't already, or are they almost there ?)
And to do this they will need a fundraise, if this isn't' approved by shareholders and announced by Dec 9 the shares will be delisted from AIM. So a lot of uncertainty there for people to digest.
I guess if they do raise the funds and convert to an IC, they will be on the lookout to buy/invest in other companies and create revenue streams.
The closer we get to Dec 9 with no announcement or shareholder approva, the more chance this company has of being delisted from AIM
A strange statement if you are looking to do an equity raise as I would have thought they would want a high SP pre-placement
The Board of Eddie Stobart Logistics plc notes the movement in its share price and confirms that it knows of no commercial or operational reason for the increase since the Company's announcement dated 12 October 2020.
The Board remains committed to converting to an investing company, which will require a shareholder vote and completion of an equity fundraising of a minimum of £6 million in cash. Should the proposed conversion not be announced before 9 December 2020, it is expected that the Company's ordinary shares will be suspended from trading on AIM from that date. It is expected that the equity fundraising will be structured as a placing, subscription, and open offer, and that new ordinary shares will be issued at a discount to recent share price levels.
There can be no certainty at this stage that either the conversion to an investing company or the placing and open offer will complete successfully, or as to the final terms in each instance. Updates will be provided by the Company in due course as appropriate.
the rise was due to natural buyers, probably triggered some short coverings. - at 13.00 there was a buyer print for about 645K shares, £85K worth so that was the buyer and explains the rise - then ESL released an RNS at 14.22 saying they didnt know why the price had risen (35% at the time) AND they will need to raise funds of min 6mil in the future and if not they will delist from AIM if the fund raise hasnt completed by Dec 9 . you can read the RNS yourself. https://www.lse.co.uk/rns/ESL/response-to-share-price-movement-y9dkz6776nsccku.html
All quite 'normal' from a trading standpoint. nothing 'dodgy' going on .. big buyer and then a speeding ticket
The rights might only be available to people who hold shares on a certain date.
If its oversubscribed then no new shares will be available to people who didnt hold any of the Ex date.
Yes the SP may drop but not as low as the rights issue price
lets hope so otherwise the Shares will be delisted from AIM..
day trader S/L will kick in soon and we will go below 10p.
The news is there is an Equity funding of 6Mil on the way. They want the SP as high as possible to help with the raise.
and I reckon there were huge shorts out there which has caused this spike up.
Only my initial thoughts..
The Board remains committed to converting to an investing company, which will require a shareholder vote and completion of an equity fundraising of a minimum of £6 million in cash. Should the proposed conversion not be announced before 9 December 2020, it is expected that the Company's ordinary shares will be suspended from trading on AIM from that date. It is expected that the equity fundraising will be structured as a placing, subscription and open offer, and that new ordinary shares will be issued at a discount to recent share price levels.
I only said it as it couldn't break through 12 2X in the last 6 months.. so had formed a double top..
fingers crossed this starts to gather momentum now
is that price of 15.09 or time 15.09 ?
Dont worry about the buy price, always focus on the BID - what is someone willing to pay for stock.
we need this to go 12p BID and close above 12p to confirm a break out to the topside
subject says it all, got in this stock at 80, 89 and 117. sold out a bit at 165 the rest at 245...
bought on the dip, 168 148 and now looks like 125...
is this a good company - I think so.. does it have potential - I think so..
welcome to AIM...
Ive been trying to buy this stock for last 2 trading days, keep getting NQ- No Quote.
not sure why, when its been 85-90 for sometime, cant be very many sellers around - ive had to raise my bid and still nothing !!
Yes, just bought below 150
This will be a triple bottom at 145, unfortunately due to the ADR ratios changing and the USD weakening, the NASDAQ numbers will show a different support line. I.E 145 used to equal about 9.45 but the bots should be programmed to work this out..
For all the newbie's on here and the twitterati who constantly pump this multi bag BS. Remember :
This has already multi bagged. It was 50p in march, so has increased 5/6X in 6 months and retraced back to a more realist level. The ATM was suppose to raise 20mil, they got 75mil !!! so its to be expected to come off a bit, also the fund that has 5% will be ****ting itself with a 30%+ loss at the moment - presuming they got in above 225 and probably was the reason the SP went from 225-290 very quickly- the brokers will be hoping they sell out and when the RNS is printed it will go up.
At these levels you will do well to double/tripple your money by the end of year, which is still a great return, so Know you Entry and exit points.
GLA