RE: New Shares31 May 2020 15:22
Greetings all, in my post many of you read and reacted to to word "sell" rather than the point I was trying to make which was that I think I missed an opportunity to make a little money whilst still maintaining my original share holding ( possibly increasing it by using the value gained) by using the placing to my advantaged . To explain
The share price at the time of placing announcement was .975
Allocated 200,000. Purchased at .25 = £500
Act swiftly and sell for say .8 = £1600
Gain = £1100
Buy back 200,000 .4 = £ 800
Net gain = £ 300 available for reinvestment
Several of you are saying that the SP on Admission will be sub .25 so buy might back .35 thus increasing the net gain. No change to Shareholding post Admission.
Hope you don't think that I'm trying to teach granny how to suck eggs
Cheers TOB
Grateful thanks to NHS , carers and all front line facing staff.