I3 Energy Share Discussion Threads

[pretax2] 07/7/2021 10:01

Dilution would be if it was paying down debt or staff wages.
This placing is asset accretive.
A whopping increase in the size of the company. Longer term, expect a significant increase in share price and a smaller increase in dividends.
I’m only disappointed I added on Monday and not today.

[glavey] 07/7/2021 09:58

Yes, and they managed to issue the RNS in that time too. One might be forgiven for wondering if it wasn't set up earlier.

[jailbird] 07/7/2021 09:55

After dilution will be over 1 billion in issue , so sounds about right at 11pI am hoping for a intra day dip below 11p at some point ... not saying today though

[spangle93] 07/7/2021 09:54

11p - oh well, it confirms it over the £100MM M/cap threshold.

Great add on acquisition IMHO

[jailbird] 07/7/2021 09:53

Huge over time But market not thinking it is huge today This is the problem with dilutive fund raisings... short term it holds price back

[imjustdandy] 07/7/2021 09:51

All completed within 15 mins. Bloody hell

[bigpecs] 07/7/2021 09:44

This is huge GLA

[jungmana] 07/7/2021 09:24

30p is nailed this year imo. A happy shareholder here

[muddyfox0151] 07/7/2021 09:19

Massive deal , Graham's Canadian connections all coming together nicely! North Sea still not in the price and we've doubled production on the cheap again think a great deal

[w1lbur01] 07/7/2021 09:18

Morning think we will rally to about 14 then a drop to around the placing price towards the end of the month when the new shares are issued.

[pretax2] 07/7/2021 09:13

It’s going up again, time to buy.

[kaos3] 07/7/2021 09:12

50p indeed

[78steve] 07/7/2021 09:05

May see it dip down to 11p before rising.

[goodday1] 07/7/2021 08:45

Bought just under 144K at 11.97ish on the open market.Gl all

[captain stock] 07/7/2021 08:41

Can't remember a faster bookbuild. Crazy! I bought another 8300 shares on the open market just shy of 12 pence, so that will do. GLA

[edgein] 07/7/2021 08:38

I wonder which institutions helped fill that £40m in the blink of an eye, the recent acquisition by COPL brought both Royal Bank of Canada and HSBC onto the shareholders register at about 5% each, I wonder who has stumped up our £40m.

Regards,
Ed.

[edgein] 07/7/2021 08:35

The price is at quite a discount to the recent 16p high, but I guess the new holders wanted that to multibag their 11p. That's about one of the fastest accelerated book builds I've seen. There's now only one place they can fill their demand and that's with the rest of us. But then again they've almost doubled their production, added 150% more reserves and significantly added to NOI, so overall not a bad day's work!

Jung,

Same here, fully invested at the moment too so hadn't got free cash for the primary bid, some lucky folks did though and they'll reap the rewards now too. Not the end of the world as my average is below 10p.

Regards,
Ed.

[eringael] 07/7/2021 08:30

Benefit of high oil prices

[eringael] 07/7/2021 08:30

Agree Captain but they seem focussed on added decent producing assets with what would seem lots of low hanging fruitIf we consider even the cheapest wells are about 1.3million, we would need 40 at least to add 8k and 2-3 years, we have done this in one swoop with loads of other prospects and hiked up 2p reserves and taking immediate

[markstevenkirby80] 07/7/2021 08:25

Cheap and half the price, you buy one yeah get one free

[captain stock] 07/7/2021 08:25

You are of course correct. Nerveless, after holding from previous highs a couple of years back it leaves a bit of a sour taste. I'm going to try and buy the dip.

[horndean eagle] 07/7/2021 08:25

can't say best pleased with management. they have been ramping the story like mad last few weeks. Now we know why. A load of punters got right royally stiffed as it spiked higher. Should have informed the market earlier.

[captain stock] 07/7/2021 08:21

Yep, if they announced a discounted price.