Cellular Goods Share Discussion Threads

[actybod] 26/2/2021 07:47

They have set out a timetable. I'm not expecting anything with HL until at least 9.30.

[djstevens8614] 26/2/2021 07:44

What doesn't?

It's not showing on my Halifax account yet, I hope it does at 8am!

Obviously shows on here.

[mealiff] 26/2/2021 07:42

ii doesn't recognise/accept the ticker CBX :(

[amd75] 26/2/2021 07:34

Make it to 15-20

[djstevens8614] 26/2/2021 07:24

Straight in at 10.5p. So doubled our money on open if I'm not mistaken?

[northster2] 26/2/2021 07:09

First day of dealingsAdmission to the Official ListCellular Goods, a UK-based provider of premium consumer products based on biosynthetic cannabinoids, is pleased to announce that share dealings in its ordinary shares of GBP0.001 each will commence on the main market of the London Stock Exchange from 8am today under the ticker symbol CBX.The Company has been admitted to the standard segment of the Official List following a significantly oversubscribed initial public offering that raised GBP13 million before expenses for the Company.More than 6,000 valid applications for shares were received in respect of the IPO.Cellular Goods is the first provider of premium consumer products based on biosynthetic cannabinoids to join the London stock market.A total of 260,000,000 ordinary shares (representing 51.5% of the Company's issued share capital on Admission) have been issued at 5 pence each to institutional and retail investors, valuing Cellular Goods at a market capitalisation in excess of GBP25 million.On admission, the Company will have 504,750,000 ordinary shares in issue.Tennyson Securities and Novum Securities acted as joint bookrunners and brokers to the Company. PrimaryBid acted as retail adviser.The purpose of the flotation is to raise the public profile and provide new funds for the Company's expansion and long-term growth.Commenting on Cellular Goods' flotation, Alexis Abraham, Chief Executive Officer, said, " Cellular Goods' debut on the London Stock Exchange is a major step in the Company's development and provides a strong foundation to execute our long-term growth strategy. We are delighted with the strong support from a wide range of institutional and retail investors to build premium consumer products based on biosynthetic cannabinoids under the Cellular Goods brand."Company highlightsCellular Goods was established in August 2018 to develop efficacy-led and research-backed cannabinoid products. The initial focus is on two product verticals: premium skincare and topical athletic recovery products to be launched from this autumn. These will be made available through partnerships with leading online and physical retailers and direct to consumers through the Company's website.The Company has partnered with four leading biosynthetic cannabinoid producers in the United States who have experience and expertise in the manufacture of these compounds through a fermentation-based process to secure a consistent supply of legally-compliant raw materials.The production of biosynthetic cannabinoids does not involve the cultivation or processing of the cannabis sativa plant.

[donaferentes] 25/2/2021 17:57

I've had my refund on unallocated shares into my account yesterday. Shares not listed in my trading account yet. (NB. Another PB placing I put up money for in the last couple of days, I got nada - only existing holders were rewarded, but they still took my money a day after telling me they couldn't take it - so I'll be watching them closely in future.)

Last email I got from PB said March 1 for admission to trading. But I'd prefer to be guided by CBX's RNS today which says tomorrow.

May not be able to sell your shares from the placing tomorrow, but you can sure as hell buy some - if you're quick! Likewise will be topping up to what I originally asked for.

NB. 5m additional shares placed in response to high demand, so market cap is £25m instead of the proposed £20m - so 20% dilution (or is it 25%?). Might slow the race down a tiny bit on opening.

How many of the institutions taking the placing agreed not to sell for a bit - who knows? The pre-placing holders (48.5%) largely agreed to hold for a year as far as I recall. Not many PIs likely to be offloading first thing, so it's gonna be a tight market tomorrow. See you at the starting gate!

[otemple3] 25/2/2021 10:12

Based on the other two recent floats you won't want to be selling too quickly as the significant gains continued for a while and with the demand here I'd expect something similar.There will be a few dips along the way but think this has some good potential going forward.

[n0rbie] 25/2/2021 10:11

Looking at the Kanabo & MGC trading post-IPO, it may well be beneficial to not be able to sell them for a few days!

[billyspurs] 25/2/2021 09:30

Yeah I just got this too, so looks like we have to just watch the hopeful rise without having the chance to sell.

[w1lbur01] 25/2/2021 09:23

Good morning We are writing to you today regarding your transfer from Primary Bid to Hargreaves Lansdown. We can confirm that we have received your request to transfer CELLULAR GOODS shares to our management. We are closely liaising with Primary Bid to transfer your shares to your HL Fund & Share Account. We should expect to see your shares within your account by end of working day Friday 26th February 2021.

[w1lbur01] 25/2/2021 09:23

Hargreaves l. Saying shares should be in account somewhen tomorrow

[billyspurs] 24/2/2021 13:45

Thanks, not ideal when you see them hopefully follow KNB opening two days, and your itching to sell.

[billyspurs] 24/2/2021 13:43

Thanks for that.

[jemjem] 24/2/2021 11:26

Just to tie up the HL position, this is a reply I got from them just now after I messaged them yesterday...

Dear Mr

Thank you for notifying us of your recent participation in the Cellular Goods PLC Retail Offer via PrimaryBid.

The new shares will be transferred directly to your HL Fund and Share account after the settlement date of 26 February. Unfortunately, due to HMRC rules we are unable to transfer your shares directly into an ISA or a SIPP.

Please note that if PrimaryBid request your General Investment Account Number, they are referring to your Client Number.

No further action from yourself is required.

Whilst Hargreaves Lansdown are not affiliated with PrimaryBid, we are able to take orders through our platform for offers that they run. In the case of Cellular Goods, you could apply directly through any of your HL Accounts and use available cash in your account to fund the purchase.

Once any offer has been announced, please contact our Stockbrokers on 0117 980 9800 to place your orders.

I hope this has been of assistance to you. If you have any further queries, please contact our Helpdesk on 0117 900 9000.

Kind Regards

Billy Smith
Equity Dealer
Hargreaves Lansdown


So little chance of dealing on Friday.
Imo

[currypasty] 24/2/2021 10:43

obstacle 1 for the PI is getting an allocation.. this looks like being tiny no matter who you went through, if you wanted a decent amount. My second broker has just said I got just over 5% on £30'k worth.

The second issue will be trying to sell you IPO shares on the day (Friday?) I can see some brokers saying your shares arnt in your account yet. You could see the price sailing away, and not be able to trade.

Third issue for PI's is the market makers. As I experienced first hand with MXC and KNB its nigh on impossible to trade at times. The MM's simply turn off buying or selling to suit. You can always trade at best, but I did that a couple of times on knb and got well stitched up.

No one can say how CBX will perform, but both MXC and KNB took a couple of days to really get going..


good luck all

[jemjem] 24/2/2021 10:32

billy
It's worth sending a message to HL telling them you're expecting a certain number of shares from PB. In my previous experience - when there were far fewer investors involved - it takes a while for HL to get it sorted. The shares get delivered in one batch and they have to sort it from there.
Most are working from home so that won't speed the process up at all.
Early to mid next week, if we're lucky would be my guess.
Imo

[billyspurs] 24/2/2021 09:21

Cheers for that info, I'm with HL, PN have all the information.

[n0rbie] 24/2/2021 08:25

It depends on your broker, some can take a few days extra. Make sure your account details are up to date in PrimaryBid. Full details were in one of the recent post-allocation emails:

"Your allocated shares are expected to be admitted for trading on the Admission Date indicated above. You should expect to receive these shares in your share account after this date. The time it takes to transfer shares into your broker account may vary depending on the settlement procedures of your broker. Some brokers may require you to complete a Consent Form before PrimaryBid is able to transfer your shares. The Company may be required, inter alia, to pass resolutions at a General Meeting in order to affect the issuance of your allocated shares."

[billyspurs] 24/2/2021 07:41

As a first time user of primary bid, any idea if they will allocate the shares with our brokers in time for Friday?

[n0rbie] 23/2/2021 21:10

Floating on Friday!

[johnyee 7] 23/2/2021 11:57

Are shares locked in?