Member Info for Troutisout1

Having taken the plunge, I am looking at who would buy shares in a placing at a very small discount and with such a large chunk of the share issue being offered. Certainly cannot see bucket shops taking the placing. It would seem more likely those with longer term views. Bringing Shard in as joint broker also suggests they have brought some or someone to the table, are they Instis, funds or could there be interest from some HNW investors or even another CRO? I just think the discount and amount of equity suggest the buyers realise it to be a good deal and that has swayed me into building up a holding to see where this leads to...

Well whatever they are, it has provided some liquidity for me to build up a good sized position here.

Would it be wrong for me to now want them to stop selling LOL...

However I got 58k at 3.905p.....

I know!!!

And the 240k sell saw the offer drop at 15.20hrs...

The drop was due to the 460k sell earlier, yesterday there was a 530k sell. These will work their way out of the system and give an opportunity for investors to get in under the placing price. It is unlikely that people stump up money in a placing at 4p to sell it lower than 4p.

Bill B they were both holders before the recent placing of CF's shares.

That went into HVO 10 minutes later and explains the quick jump there as well...

£132k sell in POLB that moved into 500k HVO shares at lunchtime, explains the jump here and drop there.

I think they have bought now as they are able to, I don't see a deal getting signed for a while yet, if they were in the last stages of penning an agreement they definitely wouldn't be able to buy.

There is also another closed period coming up, the one the Directors are all in prior to publishing Annual results, so they may have used this time to get in before that starts ticking, they were released on the 30th March last year.

The market obviously sees it as there will not be any imminent news and that is why Director's purchases although clamoured for by some, aren't always taken as a positive.

Well the Golden Cross has nearly formed now with the 50daySMA crossing above the 200day SMA, with both moving in an upwards trajectory. A good chart signal, so just need to see some news now to kick on from these levels.

Strictly, I think you are over-thinking things...

IIs had a demand, CF and BB had some shares, if it was already set in stone then they would have just announced a share trade with their counterparty(ies).

They obviously need to be fair to all interested IIs and so announced a book build with at least 14m shares to be sold (these will have already been agreed), during the book build other IIs could show their interest and take up shares at the same price, hence the extra shares taken up. CF and BB cannot just deal with the IIs they had talked to and not give the other IIs the same opportunity, this is why they had the book build. You and I did not have the opportunity because we are not IIs, but we have had the opportunity to buy below that price and I have been doing so...

I think he is referencing the revenue figure recently mooted by the Company.

In the last hour there have been 450k buys reported against a 10k sell, in fact the lst sell before that was at 1.30pm, nearly 3 hours ago.

Hi JCblue29,

Did you know when you click on a username it will show all their previous posts???

Let's just say if everyone does that do you think anyone is going to give you a response?

Hi JCblue29,

Did you know when you click on a username it will show all their previous posts???

Let's just say if everyone does that do you think anyone is going to give you a response?

There's another presentation tonight for HVO and POLB, hosted by Shard Capital.

I tend to agree, the drop today hasn't been anything huge, in fact, I could see us moving up into the close.

POLB has come onto a lot of people's radars and they will be looking to build a stake before any news hits....

Did anyone ask about other Directors buying? JS? Amryt Management?

The new customer? The major client is the historical client that stopped purchasing for over a year. (last RNS is, as usual, poorly worded as it states 'the new major client')

The new client wants 5k-7k tonnes a year

The prospective new customer wants a size similar to the historical major client, but SMG cannot cater for all of that offtake at once, at the moment and so are trying to work out how to phase in this new clients supply.