||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Independent Resources Share Discussion Threads
Showing 9401 to 9424 of 9425 messages
|Ended up with around 1.5% of my excess through HL|
Excess applications were oversubscribed and have subsequently been scaled back by a factor of approximately 99.476761193%. Following scale back, new Ordinary shares were credited to accounts on 19 April 2017.|
|how's that '25x dilution' smashing the share price theory working out ?|
|djic, yes most of understand, but we just don't know how many?
uneducated guess 5-10% of what you subscribed to in placing|
|ECHO tomorrow folks. All welcome:
|We don't know the number of shares not applied for under the placing.
If we did we could divide that figure by the 58,066,839 excess applications and times that figure by what we have applied for.
Or have I missed something?|
|Yes, agreed steelwatch|
|Still doesn't provide an answer tp djic's question above.
Depending on how quick your broker is:
Expected date for crediting of Open Offer Shares in uncertificated form to
CREST stock accounts 8.00 a.m. on 19 April|
|Fm this afternoon's rns :
Applications for Excess Open Offer Entitlements were significantly greater than the number of Open Offer Entitlements not applied for and have accordingly been scaled back pro rata to the number of Excess Shares applied for by Qualifying Shareholders under the Excess Application Facility.
All eligible applications under the Excess Application Facility will be scaled back pro rata to the number of Excess Shares applied for and refund payments for all unallocated Excess Applications will be made as soon as reasonably practical.|
|They haven't said yet.|
|does anyone understand how many shares in the excess offer one is getting?|
|I doubt Corbin will help labour win, not with north korea and trump situation|
|There's no chance of Labour running the country.....TM job done
Not quite sure how that will make any difference to IRG?|
|If these 10 bagged they would still only have a market capitalisation of just £160m|
|Positive mention here & strong hint of v positive write-up to come.
hxxp://www.malcysblog.com/ (substitute the xx's for tt's)|
|A lot about this deal is going to depend on how that money raised gets spent.
If they are buying virgin land that might incur substantial drilling costs...£20m can get eaten up quite quickly, potentially in operations over 3 countries. Worse, if they hit dust then thats money down the drain
On the other hand if they are buying (which I expect they will) proven gas fields or assets - then they are going to be mobilising pretty quickly and could then attract partners to co-finance - as alluded to in the RNS today.|
king kong dong
|Telbap...lets hope An Inspector Doesn't Call on JB Parsons....LOL!|
king kong dong
|" Remember its being diluted by dividing your holding by 25!!!!"
Is what I'm referring to KKD|
|Thanks King Kong D|
|We could actually close Blue here......|
|KKD........Bingo!!!!...... you have read the "how to maximise shareholder value" book by JP priestly...opps Parsons. He will no doubt raise further funds down the line. As long as we get a good deal i really don't mind, it's when they raise to cover "commercial costs" Ie their salaries cos the onto produce, that's when it's time to exit.I think this story might well be an interesting one.|
if you hold 5 out of 10 shares in a business then you own 50%. Let each share be worth £1
If another 10 shares are introduced into the business and you still only own 5, then you now own 25% of the business (ie. 5 out of 20 shares)
That is dilution.
If those original shares were consolidated - say 1 for every 5
then you now own 1 share out of the 2 now in issue and still own 50% - however the value of each new share will rise by 5 so your 1 share is now worth £5.
Consolidation is actually a strategy employed for a number of reasons:
* Thins out the shareholder base
* Reduces the shares in issue
* Can remove stocks from having a negative penny share status
* Removes some of the volatility associated with the penny share trader mentality
* Perhaps worst of all, with a new clean, consolidated share base....the company can then start again issuing new shares and increasing those in issue.|
king kong dong
|Christ, some people are epically thick/desperate...|
Consolidation is NOT dilution.|