Well the retail in the know were included but most retail wasn't. I was in the pub and it was closed by the time I found out, so how do you know that most of the £2m didn't just go to AS's mates who knew the RNS was coming and were primed to buy?
As it happens you could buy today below 19 so it doesn't really matter, but I still think most normal retail investors that don't live on LSE or ADVFN were left out.
triggered at 18.978, wow, just as if I was an inside trading mate of AS!!!
Have to admit who does get the inside info about the fund raise so they can pile in within minutes and snap it up and then sell? All a bit dodgy if you ask me as I would have subscribed if I had the inside info!
In my experience, a billion £ deal will run up fees well in excess of £2m but most of this will be on a success basis and not up front.
Iv'e set up my buy for 19.5p so hoping for a panic drop followed by a quick rise.
What fun we might have tomorrow. Firstly a 5% cash raise ( a lot smaller than could have been raised) at 18.8p statistically should cause the share price to drop by 0.25p, but maybe a little further as the huge upside has now been slightly diluted.
I think we all knew this was coming and the company will be stronger for it, so I do not see a problem, and should we drop significantly that should be an excellent entry point to gear up. I'm setting my orders up right now. In hindsight my 22.5p purchase today would have been better for tomorrow, but long term who really cares.
Maybe we could even end up higher tomorrow as the cash raise is smaller than anticipated and in my view sets a new low benchmark of 18.8p for the future as compared to 7.5p.
GLA
Come rain or shine, for months the end of day UT is 380,000 shares or multiples of this and never do we see any accumulation RNS's. I wish I knew what was happening here as this has now been going on for months.
Its gone above my trading range as well now so need to watch it for a while unless it drops again, its the problem with short term trading I guess, but probably should have used some of the profits to tuck some away as it will eventually get back to where it was. IMO.
Ok, I'm dabbing on the side at 22.5 if it gets that price to buy.
Can't wait for the big bang though, and 85p will be enough now to hit my target.
What I don't get is if there really were 4 majors, whatever they are, looking at DA and willing to pay a billion or so, why would they not buy say 25% on the cheap and put themselves in pole position by buying TERN shares? The fact that there is very little interest in TERN shares says to me that no-one is anywhere near close to the line on this. All aquisitions have a stack of highly paid advisors attached to them and this move would be obvious unless they are trying to sneak in under the radar.
BTFATH1, I have a book of shares I sit on but also do a lot of day trading, or short term trading, normally on dips with shares that I think are going up, and just take £1k to £5k wins, with the odd larger one, and it is going really well as I have a few of these now that I track. This does seem to wind up some of the people on these chat sites who back the companies, but if you study these things there are some obvious trading ranges to play within.
I don't do much shorting unless really confident, I work in insurance and when Lemonade hit $185 on a $10b valuation for a piddly loss making renters insurer, in a tech bubble, I had my biggest bet ever so lots of vouchers now for TED etc.
I have some mates playing TED as well now, plus AFB, AML and TERN, although AFB may be creeping up so we need a new range. Need to sit that one out for a while. ROOT and General Motors almost triggered my price but not quite and GM has already bounced. ROOT is another over valued insurer, but keeps going to all time lows, so on these it is a good time to buy as so much stock is shorted it tends to bounce off all time lows as people take profits.
I use IG, who are mostly crap for small companies as they closed them all down, and IG joined in the manipulation of Gamestop to protect the shorting hedge funds so I hate to use them but to lazy to move.
Have to admit I don't check the margin as I have built up a lot of cash on the day trading. Not sure how 72% of people lose money with them as there are so many shares that bounce within ranges it seems to me to be quite easy pickings to be made in this market. I never use a stop loss and never cash in a loser, so probably this goes against all the rules, I just run them until they cash out, but it seems to work for me, and I have a few quite bad losers still on the books.
Hope so, but I have high hopes of multiples of this when the online system is fully separate and developed.
Afraid I dropped 50k at 25 on a 3p short term trade and have a few more to drop if it rises further. Will buy again though if it drops and remain fully invested with my main stake.
So did I, 20k CFD's but also sitting on a bunch from the 75p days waiting for £5.00!
Will sell the CFD's when up 15p!!!
Anyone know who trades this in the UK as it wouldn't take much buying with such a small float to make it rise dramatically?
a market cap of £100m with 95% dilution leaves us at around 1p, basically where we are now, so each £100m equals about 1p on the share price.