Member Info for TwoCents

PantherPat, Yeah I stuffed up that calculation. My calculation was the placement value relative to the existing price (well, the price on your post), so 85p ÷ 121.8p = 71%.

Not long to wait now. Have you got your humble pie at the ready also??

PantherPat, I guess we're just speculating until it actually happens, but in my opinion with 284M new shares available to be traded tomorrow, comprising of about 60% of the market cap, and trading at a 70% premium on what they were bought for, equates to a fairly substantial number being traded for a quick buck. Sure, it might recover over the next few months / year(s), but don't expect the share price to hold up tomorrow.

RWT2, I wasn't presenting the II's as all things evil, just that they trade in & out of stocks, when you were presenting them as some sort of stabilizing force. AFC Energy aren't a cruddy company, and they haven't failed, but that's beside the point. Schroders owned enough of AFC to be notified as a major share holder (therefore, seeming like they were long on the company, and long term holders), and then sold when the share price was high, contributing to the share price falling - they did this a few times over, contributing to the volatility of the share price and making themselves a lot of money along the way. My point is, II's investors trade and play the market just as much if not more than PI's do, so don't present them as or expect them to be some sort of stabilizing force to the share price.

RWT2, if you think II's "behave and buy/sell in a more predictable and manageable level", then you should take a look at Schroders and their behaviour with AFC - they have traded in and out of that over the years and made huge profits at PI's expense. If you think they won't offload to make a quick buck you are mistaken.

The lab grown milk startup to watch for in my opinion is Turtle Tree... https://turtletree.co/

jhonboy, don't forget Lombard loans - I think margin calls play a bigger role than many might think when share prices are falling, amplifying the effect.

PantherPat, comparing the Capital Raise with DLAR (De La Rue), the new shares for DLAR made up ~25% of the total new shareholding, whereas for KIE it is ~60%. Also, from announcing the Capital Raise mid June 2020 to trading new shares mid July 2020 DLAR fell ~24%. Nearly 1 year later they are currenlty trading at only ~10.6% above the price at 17 June 2020 when the Capital Raise was first announced. I'm all for enthusiastic shareholders, but I'm also for transparency.

jkGunner, sorry we've been talking across each other. My original reply to ianb114 was in relation to the whole fundraise, which I'm sure was what he was talking about, not just the Broker Option. I should have notice the title of this thread. The Broker Option IS "a drop in the ocean", as you said. These shares are not the problem because they will be owned by existing shareholders who are probably mostly all long. BUT, the 284M new Ordinary Shares could be owned by ANYONE, and you can bet your boots some of those will be opportunists, ready to offload on or around 1st June and make a tidy profit, if the share price is above 22p on that day.

jkGunner you need to read the RNS again. It's 284M additional shares, raising over £60M. You are not going to raise £60M by selling 2M shares at 22p.

ianb114

I think you are right to be weary at this price. When the additional 284,090,910 shares are able to be traded around 1st June, some of those shareholders are bound to be tempted to sell and make an overnight profit of the difference between 22p and whatever the traded price is, bringing the price to or near 22p.

Sadanby001

No one appreciates being called a fool for no reason and unprovoked. Who are you calling a fool and why? I'll give my reasoning and you give yours. These new shares will end up being the majority of the new shareholding in Kier - there are currently 162M shares, with 284M new ordinary shares at 85p about to be added. These new shares equate to nearly 60% of the new total shareholding of Kier. It wouldn't take many of these new shareholders (especially the speculative ones who have no interest in Kier) to sell all their shares on or around 16th June at whatever premium you and other 'loyal' Kier followers have pumped the price to, in order to make a quick buck, quickly bringing the price back down to 85p or thereabouts.

I'm struggling to see why the big jump today. Surely it will head to 85p or thereabouts by June 16th? Anybody got a good reason why not?

RScorpio I think you're lucky it wasn't lower - look at what they've done in the past, with that rns to take it private.

The problem will be when they issue more shares to new investors at 10% premium to NAV, this will plummet, like it did when they threatened to take it private. That's why I got out. I don't trust this board of directors. It does have good potential aside from this worry though

Little, well my returns actually only average at about 23% per year over that time - I'm sure there are many on here who've done better. Just don't get put off by your mistakes, because you will make them

Little, ignore Gilers, I think you'll find a lot of share investors started small. My first share purchase was smaller than that and then I invested about £4,000 over a period of 2 years just over 20 years ago now. I've not taken anything out nor added anything to it over that time and it's turned into £280,000 through the miracle of compound returns. Keep at it

Hi Phoenix, I see that your buy is actually showing as a sell

Big gains today in our company cousins across the pond. Plug, Ballard, FuelCell, etc. Hold tight and we should get a flow on effect

We have the exact same amount dazzle. Picked up mine at 5.6p average. You?

I have given up worrying about how this share goes up and down. I have tried trading it over the years, and f*cked it up most times. It doesn't always go in the direction you expect. Just holding on tight now, and I don't know about enjoying the ride, but at least I'm not falling out.