Member Info for Teaye72

Mr N - was that your little topup?! :)

Esquimo - Agreed. It also doesn't explain why the price appears to have been held for the past few weeks (I agree volumes haven't been huge, but the needle usually moves at the slightest variance...). Is something going on in the background? The increased buys last week (probably due to a leak) must have been for a reason...?

Consolidation in itself doesn’t change the value of your holding...

(Shed - close.... Murphy’s!)

Perhaps the “B” succumbed to autocorrect?! :))

Aerial - I subscribed again to L2; couldn’t stand not knowing what was happening in the background! Tomorrow could be when it pays for itself!

I don’t get where all these figures of 20p and 27p on consolidation are coming from (all the other posters). Consolidation just wipes three (3) zeros (0) from the total shares in circulation and in doing so multiplies the value of each share by 1000 and reduces each shareholder holding by a factor of 1000. Not that difficult to work out. Any gain in SP after this, or before this is just market change. All in the RNS. Anyway... :)))

Any change in price tomorrow will be on speculation about the company, not as a result of a forthcoming corporate action.

Anyway... Until 06.59 tomorrow!

T

Most of which is scaremongering and purely unfounded speculation. Not to mention a lot of shockingly dodgy maths for people who are investing their well-earned money in assets which are market driven.
Bed calls...

And just to add... as any meaningful rise is not 40% on today’s price. It starts from where we were around July after news of completion of the new strategy was announced. IMHO.

SoaS - I see, we can agree!

Fundamentals need to be in place before any meaningful rise.

It was actually 2. The first was a reversal from Thursday but LSE algorithm counts it...

Sausage - not sure why you think shareholders get shafted through a consolidation... certainly any increments below 1000 shares will be liquidated but at today’s prices that hardly worth the paper they would be printed on..,

Hi Esquimo - ok, understood, but it should depend on the valuation point, I think, and that should be determined by the repayment date. Not sure on the rules about paying in shares and whether the share price is an end of day rate on a particular milestone or based on an average.
Guess we shall find out.
ILTL operational takeover is the news I am waiting for and that will make more of an impact to SP than any consolidation.
Cheers
T

Esquimo (esquire!). Apols. Blame Apple predictive text!
T

Esquire: don’t follow the logic here (maybe it’s just too early!... no caffeine yet!): “ Less shares issued and less profit for LIND when they dump them.”

The consolidation doesn’t affect the value of our holdings. It just means the price of an individual share is no longer essentially valueless unless sold in large multiples, and thus difficult to reflect small pricing adjustments (eg, if we moved 0.01p today it would be 25% - or whatever - change... nuts!).

If they announce ILTL activation this will be the Christmas present we are waiting for. Late, yes, but it would hopefully mean we can start to get coal out of the door.
This might even help resolve the Lind issue in that they may then see value in sticking around.

We are (presumably) all only speculating on what Lind will do post consolidation and that consolidation itself is being demanded/driven by Lind; and even whether their intention is to sell etc.
Consolidation followed by Raise is unfortunately relatively well documented. EUZ did exactly this in the summer (raise was announced post event of course).

Do EDL have a master plan to turn this around? I hope so, as consolidation in itself isn’t going to affect the operations of the site.

SoaS: you left off a bit:

“...and take 3 digits off the total number of shares”...

LTEL: “ The effect of the proposed Capital Reorganisation will be to reduce the number of issued ordinary shares of £0.0002 each in the Company by a multiple of 1,000”.

Ie, the total number of shares in issue will be divided by 1000, making 1000 shares today equal to 1 new share. Any holdings outside of these multiples will be paid out (albeit practically zero value...).

Your holding remains the same. It’s not a dilution.

Sounds positive. Lind pushing for this cap reorg...

Proposed Share Capital Reorganisation & Correction of Total Voting Rights

If there is a background placing going on, surely it must be nearing completion... end of week RNS, perhaps?

Still no trades showing on either exchange...