We would love to hear your thoughts about our site and services, please take our survey here.
I reached that conclusion myself on Friday - I have a couple of recovery plays where the price had plummeted but given a couple of years they seem likely to turn it around. No one likes a loss, but it just isn't worth me holding on and waiting when I can more than make up for it through PRD.
I tried a dummy sell right on the bell and was only offered 11.7. It wavered for a bit and did go up, but I don't think I saw any point where small sells would get 12.5. I can't see anyone getting that price moving s Million at once.
I hadn't picked up on that, but you are correct. It couples all at an advanced stage with express confirmation of substantive progress re the FRSU
Something I didn't pick up on first reading: The Company will explore these opportunities further and may invest in third party companies whose businesses could add value to the Company's existing projects.
Is the more interesting question what do you do on day 20? Will they be allowed to disembark?
I managed to push through a last little top up in the 8.6's this morning, since then its either been nothing to buy or pay at or over the ask. I had a feeling today may be another day for whomsoever is trying to buy in bulk.
Morning GRH,
It's well reminded that at least one company has been interested in monitoring PRD for so long on the EOR. That said, I don't see anything in the more recent RNS that indicates that the 5+2 (as it was then) interested companies had all approached since the results. It seemed to be totalling the number that were interested and so I would think already includes the one from October 2019. Is that what you had meant or is there another factor I've overlooked?
Thanks
Most of the time I have done a pseudo bed and isa I have taken the same kind of approach you propose. What a general rising period does allow is the potential of buying in the ISA and then holding off the fund & share account until the price has risen slightly higher. A bed and isa beating the spread and carrying a little profit with it. You cant always do this quickly (or at all) and I have had to wait weeks or months to implement it successfully in the past, but worth considering given the share momentum. I have also intended doing this and then just kept them all anyway if I've found I didn't need the liquid cash in the end.
I recognise I am lucky though, I'm self employed and I apportion the tax portion of every receipt into separate accounts which does give me access to short term liquidity for this kind of thing.
As always trying this kind of timing comes with risk so make a careful decision for yourself.
So allowing an approach along the lines of "you can buy this business from us for fair value or we can just operate it ourselves and keep all the profits" approach?
I can see that could then lead to higher distribution per share.
I don't see the need for any flack, I just don't understand the proposition. As GRH says, any premium over the current share price would still be issued at a significant reduction to the true value and so would represent dilution. I don't understand why it is suggested that we need more liquidity to help the share price rise without an intention to sell before the final prize. If we are all holding tight, what do we get from higher prices and more liquidity other than feeling a little more secure with possible profits on paper able to be put in hand.
Or of course if you wanted no income and preferred to sell the shares for capital gain instead of wait for a distribution. Then the share price rising sooner would be of material benefit.
I am also discounting the idea of selling a portion to derisk and let free shares ride. If the goal was to derisk at pice x it would always happen at that price whether sooner or later. As such that is not a material long term benefit, just a timing and peace of mind issue.
If, and it of course is an if, the end goal is the sale of divisions and the distribution big profits; wouldn't any dilution be a bad thing. In those circumstances, the market price/cap would never have effected wealth. We would be richer on paper but not in reality and would ultimately have a smaller portion of the pie. Would that not be akin to buying some lenses with a great zoom so we can see the summit better without making any difference as to when we get there?
If, however, we were not fully funded with a reasonable prospect of continuing income, I could see the sense in that option. A small raise and placement to raise the profile and share price so that any future capital raises were done at a higher sp would ultimately dilute less. I suppose the view would then depend on how confident you are that we can afford to do what we need to already.
Given the substantial buy at 8.7p recently, how much more are they willing to buy in the dip.
Have dripped in a little myself, but I don't have the capacity for more substantial purchases, I stretched myself as much as I could sub 4.
you can still open a SIPP even if you have other pensions. You cant access the funds for however long is valid for you, but you get short term tax benefits when you add to it, not just the useful wrapper for the future profits.
Do you have a SIPP as an alternative?