Velocys Share Discussion Threads

[skinny] 20/7/2020 15:18

Volsung, from the RNS (link post 3105) :-

"General Placing Shares, Retail Shares and Open Offer Shares (397,049,957 New Ordinary Shares) will occur on 16 July 2020. Following Admission, the Company will have 1,063,756,057 Ordinary Shares in issue."

[volsung] 20/7/2020 15:15

Anyone any idea when the open offer rejected line shares start trading?

[skinny] 20/7/2020 15:09

The latest holding RNS states 196.220,153 (18.45% of 1,063,756,057).

Previous holding RNS states 86,845,457 (21.16% of 410,422,765).

[wageslave] 20/7/2020 12:09

Have they sold. Or is this reduction in holding a consequence of the post-RI enlarged share capital?

[jayminpatel1] 20/7/2020 11:29

Lansdown still have 18% to sell so expect another dump and subb6p it willGon

[trad3m3] 17/7/2020 18:02

https://www.business-live.co.uk/manufacturing/500m-green-aviation-investment-plea-18615604Calls to accelerate green aviation investment in the UK have put a jet fuel refinery on the South Humber Bank at the forefront of the campaign.Developer Velocys has welcomed the move from a 35-strong cross party group of MPs, with backer and national flag carrier British Airways also endorsing the efforts.Massive!!!

[trad3m3] 17/7/2020 15:38

Idk if one should top up now or wait to see if more minions selling...

[volsung] 17/7/2020 14:33

Yes skinny and NIM I do seem to have been allocated a proportion of the shares I applied for in addition to the basic allocation

[trad3m3] 17/7/2020 14:12

1D chart double bottom at 5.00 strong buys we should be heading north next week!

[parsons4] 17/7/2020 14:08

All selling being absorbed. I agree that the short-term profit taking should be over by the close today. Next week could see a steady rise start !!! I am expecting it to get to 10p quite easily. all IMHO of course.

[skinny] 17/7/2020 14:04

Agreed NiM - perhaps I didn't explain it as clearly as I could have.

For info - I got 20.44%.

[trad3m3] 17/7/2020 14:03

Anyway 21-ish gap must be filled!!!

[trad3m3] 17/7/2020 14:00

Significantly Oversubscribed! Sold more than they had then had to cancel some...

[nuts in may] 17/7/2020 13:49

Skinny - I have the same line at HL.
The number of shares "rejected" in that line is about 80% of the extra shares I applied for over and above my basic entitlement.
The other 20% has been credited to my core holding in the line below.
The cash value of the rejected shares is based on 5p a share (the offer price) and is the amount HL should re-credit to my cash account when they get round to it.

Looks like volsung applied for 20,000 shares above his basic entitlement and will have been credited with about 4,000 shares. He'll also get a cash refund of £800 for the rejected 80% of his application.

[skinny] 17/7/2020 13:32

Volsung - That's not right - you can't get a re-quote in an open offer - I have the same message and looking at the we should get our basic entitlement.

"Furthermore, the Company is pleased to announce that the Open Offer, which closed for acceptances at 11.00 a.m. on 13 July 2020, was significantly oversubscribed, with final valid applications including Excess Entitlements from Eligible Shareholders in respect of 104,608,452 Open Offer Shares representing a take-up of approximately 523% of the maximum number of Open Offer Shares available. Eligible Shareholders who have validly applied for their Basic Entitlement of Open Offer Shares will receive their Basic Entitlement in full, while applications for additional Open Offer Shares through the Excess Entitlements have been scaled back on a pro rata basis, such that the maximum number of Open Offer Shares of 19,999,957 have been issued by the Company."

[volsung] 17/7/2020 13:21

Ok cheers trad

[trad3m3] 17/7/2020 13:00

Too many bought at the same price and no stock was available for you at the price you've been asking, you need to re-quote

[volsung] 17/7/2020 12:54

I have a line in my HL SIPP saying 'Open Offer Rejected Line' with an allocation of 16000 shares. Anyone know what this means?

[trad3m3] 17/7/2020 12:24

So you suggest ppl bought and will sell at loss?

[wageslave] 17/7/2020 12:06

Not so sure. Halifax not due to allocate until Monday.

[trad3m3] 17/7/2020 12:02

Most of the weak holders should be out by the end of today...

[mcrudden] 16/7/2020 16:47

Second tr1 no change just placing dilution....interesting

[trad3m3] 16/7/2020 12:26

Wow, should have waited and picked up for 6.00! Let's see how this play might top up!

[mcrudden] 16/7/2020 10:03

Excellent news re the tr1 and shows the strength here. Only diluted from the placing which was massively oversubscribed by 523 percent. Medium to long term this will be huge