ilmoro
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'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 Jun 15, 2021 20:56:33 GMT
Thanks guys. So best is for me to contact the broker to find out more? I'm with interactive broker and I have no clue about AIM. It just says it's listed in the LSE. Apparently the listing has been arranged by Cenkos? I don't even know what would be the process for that? Shall I just go to cenkos website and click on contact? (https://www.cenkos.com/) Cenkos is Pelatro's nomad (nominated advisor) and broker. Basically they arrange the funding by book building with institutions and HNW investors. Cenkos wont deal with retail investors. It was a closed placing so not available to small retail shareholders but PrimaryBid was used to allow retail to participate in a parallel raise (as opposed to an open offer raise available to all existing shareholders).
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daveb
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Post by daveb on Jun 15, 2021 21:03:53 GMT
When I've bought EIS or SEIS shares, the fact they were eligible for this tax relief was plastered all over them and had a bearing on my decision to invest. I don't think you get the benefit if you buy the shares other than at a placing with EIS approval granted.
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cwah
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Post by cwah on Jun 15, 2021 21:12:04 GMT
Thanks guys. So best is for me to contact the broker to find out more? I'm with interactive broker and I have no clue about AIM. It just says it's listed in the LSE. Apparently the listing has been arranged by Cenkos? I don't even know what would be the process for that? Shall I just go to cenkos website and click on contact? (https://www.cenkos.com/) Cenkos is Pelatro's nomad (nominated advisor) and broker. Basically they arrange the funding by book building with institutions and HNW investors. Cenkos wont deal with retail investors. It was a closed placing so not available to small retail shareholders but PrimaryBid was used to allow retail to participate in a parallel raise (as opposed to an open offer raise available to all existing shareholders). So I won't be eligible? I can't get that??
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cwah
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Post by cwah on Jun 15, 2021 21:30:42 GMT
Thanks guys. So best is for me to contact the broker to find out more? I'm with interactive broker and I have no clue about AIM. It just says it's listed in the LSE. Apparently the listing has been arranged by Cenkos? I don't even know what would be the process for that? Shall I just go to cenkos website and click on contact? (https://www.cenkos.com/) Cenkos is Pelatro's nomad (nominated advisor) and broker. Basically they arrange the funding by book building with institutions and HNW investors. Cenkos wont deal with retail investors. It was a closed placing so not available to small retail shareholders but PrimaryBid was used to allow retail to participate in a parallel raise (as opposed to an open offer raise available to all existing shareholders). I tried to read again... how do I know it was a closed placing? It just says placing of new shares. Thank you
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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: 10,850
Likes: 11,078
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Post by ilmoro on Jun 15, 2021 21:34:05 GMT
Cenkos is Pelatro's nomad (nominated advisor) and broker. Basically they arrange the funding by book building with institutions and HNW investors. Cenkos wont deal with retail investors. It was a closed placing so not available to small retail shareholders but PrimaryBid was used to allow retail to participate in a parallel raise (as opposed to an open offer raise available to all existing shareholders). So I won't be eligible? I can't get that?? From my, limited, experience it relatively rare for small shareholders to get to participate in placings. Its one of the big criticisms of the market, that it allows big investors to make money at the expense of retail. PrimaryBid has started to widen participation but its still reasonable rare for companies to offer placings to retail.
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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: 10,850
Likes: 11,078
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Post by ilmoro on Jun 15, 2021 21:49:47 GMT
Cenkos is Pelatro's nomad (nominated advisor) and broker. Basically they arrange the funding by book building with institutions and HNW investors. Cenkos wont deal with retail investors. It was a closed placing so not available to small retail shareholders but PrimaryBid was used to allow retail to participate in a parallel raise (as opposed to an open offer raise available to all existing shareholders). I tried to read again... how do I know it was a closed placing? It just says placing of new shares. Thank you It would say if it was an open offer or rights issue and you would normally receive a notification from the broker where you hold your existing shares telling you of your eligibility and the terms. A rights issue or open offer is available to existing shareholders whereas a placing is technically open to anyone but tend to just be offered to placing sponsors, broker's clients and targeted parties (hence I described as a closed placing)
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cwah
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Post by cwah on Jun 15, 2021 21:52:08 GMT
I tried to read again... how do I know it was a closed placing? It just says placing of new shares. Thank you It would say if it was an open offer or rights issue and you would normally receive a notification from the broker where you hold your existing shares telling you of your eligibility and the terms. A rights issue or open offer is available to existing shareholders whereas a placing is technically open to anyone but tend to just be offered to placing sponsors, broker's clients and targeted parties (hence I described as a closed placing) Thank you. So if it doesn't says "open" it wouldn't be available for me then? Could the institution after dump these shares to the retail market then? For me it's IB in LSE
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corto
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Post by corto on Jun 15, 2021 21:53:09 GMT
Cenkos is Pelatro's nomad (nominated advisor) and broker. Basically they arrange the funding by book building with institutions and HNW investors. Cenkos wont deal with retail investors. It was a closed placing so not available to small retail shareholders but PrimaryBid was used to allow retail to participate in a parallel raise (as opposed to an open offer raise available to all existing shareholders). I tried to read again... how do I know it was a closed placing? It just says placing of new shares. Thank you The RNS says . The Company has conditionally raised a total of approximately £0.68 million through the placing of the EIS/VCT Placing Shares and approximately £1.47 million through the placing of the General Placing Shares. It has raised the funds already. It also says that the PrimaryBid offer closed 15/6 at midday.
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cwah
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Post by cwah on Jun 15, 2021 22:04:47 GMT
I tried to read again... how do I know it was a closed placing? It just says placing of new shares. Thank you The RNS says . The Company has conditionally raised a total of approximately £0.68 million through the placing of the EIS/VCT Placing Shares and approximately £1.47 million through the placing of the General Placing Shares. It has raised the funds already. It also says that the PrimaryBid offer closed 15/6 at midday. Then why does it says it's going to be admitted to trading on the 2nd of July? I'm not clear what happen when anymore??
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Post by Deleted on Jun 15, 2021 22:15:00 GMT
Just to be clear, you have learnt and you are going to keep half the shares that you bought at 80p and are now at 40p.
What price will you give up and sell?
For your own good. Please tell me.
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cwah
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Post by cwah on Jun 15, 2021 22:18:25 GMT
Just to be clear, you have learnt and you are going to keep half the shares that you bought at 80p and are now at 40p. What price will you give up and sell? For your own good. Please tell me. I'll sell when the long term prospects are not favourable anymore. It doesn't matter how low the price will go down because what matters is how much money they'll make. They are a small company yet and just need a few new contracts to potentially be quite profitable.
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corto
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Post by corto on Jun 15, 2021 23:18:55 GMT
I'm not clear what happen when anymore?? At July 2nd they turn into shares that can be traded at the AIM. How they exist atm is unclear as the RNS also says that not both admissions may happen.
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Post by Deleted on Jun 16, 2021 10:32:48 GMT
Just to be clear, you have learnt and you are going to keep half the shares that you bought at 80p and are now at 40p. What price will you give up and sell? For your own good. Please tell me. I'll sell when the long term prospects are not favourable anymore. It doesn't matter how low the price will go down because what matters is how much money they'll make. They are a small company yet and just need a few new contracts to potentially be quite profitable. Wow, then I have to admit to being confused why you are selling half, either way I think I can no longer help you.
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cwah
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Post by cwah on Jun 16, 2021 13:30:29 GMT
I'll sell when the long term prospects are not favourable anymore. It doesn't matter how low the price will go down because what matters is how much money they'll make. They are a small company yet and just need a few new contracts to potentially be quite profitable. Wow, then I have to admit to being confused why you are selling half, either way I think I can no longer help you. Because I lost load of confidence toward the directors. And got shafted way too much. The tide of the company changed since the moment I bought. When I bought all indicators were green, they were cashflow positive and earned twice the revenue. Then suddenly all changed and their revenue had to switch from one off gain to recurring ones. They became cashflow negative. And they stopped their rapid grow.... To some extent, I don't trust as much and I'm not ready to put as much cash in this business. I still have some hope... but this is a turnaround hope (ie. Sudden gain of contracts). That's way less desirable than seeing consistent growth. (They used to grow revenue 50% YoY
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corto
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Post by corto on Jun 16, 2021 14:01:29 GMT
... Then suddenly all changed and their revenue had to switch from one off gain to recurring ones. They became cashflow negative. And they stopped their rapid grow.... sounds like several signals to run don't they say hope never dies or did they make that up for the 007 franchise? you could attend the meeting on July 1st
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