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[newtothisgame3] 10/8/2019 07:31

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@smallcappick

26s
#Feedback Plc (#FDBK.LN)
1.400 +0.150 (+12.00%) 08/09/19 [#LSE]
#BARCHART #OPINION for Fri, Aug 9th, 2019 100% #BUY

[herb clark] 09/8/2019 16:11

Not from Fdbk then?

[archlight] 09/8/2019 15:22

With reference to NHSX and the £250M investment in AI,



covers it from 28mins @ 34mins the CEO of NHSX appears listing all the areas

of AI/App tech they are looking to procure . As a former UK ambassador to

Israel it is suggested that he has a strong interest in importing tech from there.

[botak54] 09/8/2019 14:13

Attempting Taking it down now, I suppose we have to expect all manner of tactics to hold the share price down so appropriate entity's can load up whilst the pre feeding frenzi is still in vogue

[davydoo] 09/8/2019 14:10

Thanks Lr2 I hadnt seen that. Great list of those involved with NHSX to follow in tweet above

To the placing price comment

I may benefit from a low average price but I was still happy to buy more in the 1.90s so I do see this price as a good one

[ged5] 09/8/2019 14:03

Can he not remember he was saying 1.7p yesterday?

Davydoo, nobody knows what the placing price will be. Well at least they shouldn't unless they're involved, so keep buying if you want to.

However it might be more prudent to hold off buying until the placing price is announced.

Then again if the placing is at a premium today's price is a steal.

[lr2] 09/8/2019 14:02

This is better.

[lr2] 09/8/2019 14:00

Same guy said 1.7p yesterday Gymratt so he's already contradicting himself.

[dplewis1] 09/8/2019 13:58

That guy is full of something..and I'm pretty sure it's not salt..

[gymratt] 09/8/2019 13:56

Well that would explain today's price action, LR2.

[lr2] 09/8/2019 13:55

Pinch of salt (1.8 grams) required.

[davydoo] 09/8/2019 13:40

Interesting comments on LSE about don’t buy at 1.5 if the placing is coming at 1.2p

Why though? If you can’t get in a placing but want the stock what’s your choice?

If you miss the early bird theatre tickets you don’t not go because you have to pay a little more

And if the placing secures the funding Which pays the bleepa bills, so what!

[davydoo] 09/8/2019 12:14

I took some more myself earlier, likely to be a trading amount tbh

[gymratt] 09/8/2019 12:11

Nibbled another 150k anyhoots!

[gymratt] 09/8/2019 12:07

I'm perplexed on the recent share price movement.. were folks speculating on a discounted placing of circa 1.2p and now they're speculating that the placing is already set or will be at a premium to today's price. Or is there another leak that we're unaware of yet? :@/

[dplewis1] 09/8/2019 12:06

Nice waves of buying today. Not one for those of a nervous disposition though!

[obarmoth] 09/8/2019 09:09

Thanks dplewis1.

[dplewis1] 09/8/2019 09:08

Yeah they had probs with the feed this morning so ignore any RNS signs on here.

[obarmoth] 09/8/2019 09:03

It might be an ADVFN glitch, but my screen is showing 4 RNSs for FDBK this morning on my monitor - but none of them actually seem to exist?

[davydoo] 09/8/2019 08:58

That 1m buy at 1.15p is going to look like a steal

so maybe not everyone hates bumbled fundraises

[lr2] 08/8/2019 17:31

They had cash prior to that raising Davy. Look at the Proposed Placing and Subscription document they issued. The £1.375 million raised was 'BEFORE EXPENSES'. The current shareholders paid for that fund raise with the cash that was in the bank at the time. Discounted placings ALWAYS have victims.

The company was clever in not admitting how much the expenses actually were for that raise (freedom of information request, anyone) but where I have seen it admitted on placings for other small scale companies, it comes in around 20% of money raised so by my reckoning Feedback coughed up around £275,000 from their bank balance for the pleasure of issuing shares at an 11.8% discount to the mid-market price the night before. That discount is another £162,250 lost to long term holders by the way (share price deflation).

Laughably, everyone in the City says placings are the cheapest way to raise funds. Well, the crooks would. It's a very profitable earner, run at little expense to the company providing the funds.

I absolutely refuse to believe that a rights issue isn't cheaper. Please tell me how a rights issue for £1.375 million, even when heavily underwritten, can possibly cost £437,250 to set up.

[davydoo] 08/8/2019 16:26

just been re-reading the last interims, and this struck me

'Cash at 30 November 2018 was £1.367m (30 November 2017: £267k) following the equity fundraise in November 2018, raising £1.375m before expenses'


So they literally had no cash when they raised that money. Perhaps that taught them not to leave it so late again, and raise now while they can

[ged5] 08/8/2019 15:16

Well, I have asked for one! Not holding my breath though.