benaj
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Post by benaj on Sept 19, 2018 15:44:05 GMT
Offer of up to 136,039,416 Shares??? No fixed price??? Offer Price expected to be between 420 pence and 530 pence per Share...
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rogerthat
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Post by rogerthat on Sept 19, 2018 15:45:30 GMT
'The price range has been set at £4.20 to £5.30 per new share'
What price I wonder for a clear conscience for the investors left out of pocket by the 'highly experienced property team' RIP ..more chance with the Euro millions I suspect
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coop
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Post by coop on Sept 19, 2018 17:03:10 GMT
severely tempted to re open my spread betting account and short it...
with a sensible stop loss potential downside could be limited to a few hundred with a huge potential upside.
will watch closely and wait. best not to open a position until aftee initial volatility.
no investment advice intended, go ask ya nan instead etc etc
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 19, 2018 17:19:50 GMT
One of several, full list in the altfi article
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
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Post by ilmoro on Sept 19, 2018 17:24:11 GMT
Offer of up to 136,039,416 Shares??? No fixed price??? Offer Price expected to be between 420 pence and 530 pence per Share... Final price will be dependent on the bookbuild. IPO always have a range of price with final price being determined by demand, that's why the number of shares is up to. Less demand lower price so more shares issued
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ahowlin
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Post by ahowlin on Sept 20, 2018 7:19:12 GMT
Does anyone know what they are valuing themselves at?
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benaj
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Post by benaj on Sept 20, 2018 8:56:48 GMT
The numbers are interesting.
6 months operating expenses in 2018 is 90mil, that's 25 mil on marketing and 43 mil on wages for 950 people, average salary is 90k before tax.
Raising 1.5 billion is enough cover expenses for at least 10 years in inflation. If they have invested 1.5 bil in their FC loans, they could have generate 90 mil profit for covering expenses.
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wysiati
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Post by wysiati on Sept 20, 2018 22:01:10 GMT
Target raise for new issued shares is c.£300m
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bigfoot12
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Post by bigfoot12 on Sept 23, 2018 9:22:32 GMT
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Post by wiseclerk on Sept 24, 2018 7:39:10 GMT
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daveb
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Post by daveb on Sept 25, 2018 18:20:05 GMT
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Post by slopsjon on Sept 25, 2018 20:13:17 GMT
.
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TitoPuente
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Post by TitoPuente on Sept 25, 2018 20:20:38 GMT
It will flop.
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nick
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Post by nick on Sept 25, 2018 22:51:12 GMT
The £1.2-1.4bn valuation is a fantasy. FC are making a £35.3m loss on £94.5m in revenue for a platform is fairly mature in the UK, albeit significant potential for overseas expansion - but a valuation of 14 times revenues, really, come on stop this nonsense! Its definitely going on my list of watch list of potential shorts, but it would be a brave soul to short immediately after IPO.
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mikeh
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Post by mikeh on Sept 26, 2018 7:19:53 GMT
LONDON (Reuters) - Peer-to-peer lender Funding Circle (IPO-FNIG.L) on Wednesday cut the price range for its initial public offering (IPO) to 440-460 pence per share, from an initial guidance of between 420-530 pence, a bookrunner on the deal said.
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