john222
04 Mar 2015
total number of new shares? Could someone read my earlier post and confirm if my assumption is correct then a market cap and share price is easy to calculate!
john222
04 Mar 2015
Re: Summary?! Am I correct on total shares in circulation following the acquisition??
TX2
04 Mar 2015
Re: Summary?! I think the pro forma unaudited book value of assets post cash raising is about 9p,which seems close to todays price.However a significant proportion of the portfolio is at an early stage development or undeveloped so in the future there should be opportunities for significant upgrade.Property companies,like for example St Modwen, who specialise in early stage projects often trade at a premium to present NAV,in St Modwens case around a third premium.
john222
04 Mar 2015
Re: Summary?! apologies I was only reading todays missed yesterdays......so for £200m we now own all of Harworth and have a total of:1,586m new shares730m shares to PFF605m existing2,922m shares which at 8p = £233m so if Harworth is worth say £325m that is 11p and so on.......Do I have that right??222
struttt
04 Mar 2015
Re: Summary?! All the information you require is in the RNS issued yesterday
john222
04 Mar 2015
Re: Summary?! Thanks so we will own 100% of harworth for how much debt and how many shares.....? What is Harworth worth today and where do we see NAV per share post rights ??That is the only way you can decide whether to take up the offer of more shares I guess.......if they are worth 10p then its a bargain but at 7.5-8p maybe not worth diving in now?!222
TX2
04 Mar 2015
Re: Summary?! 1 for 7 Open Offer @ 7.25p + option to subscribe for more.
john222
04 Mar 2015
Summary?! What is the share placing deal on offer have seen 2p mentioned how many new shares are allocated and what is the automatic allocation % based on current holding?222
Doctor i
03 Mar 2015
Re: Timetable of events Thanks TX2. Have now found the prospectus and also believe that normal trading will re-commence tomorrow morning at 08
0. Should be interesting to see the price!
TX2
03 Mar 2015
Re: Timetable of events See new RNS this afternoon,the prospectus all 292 pages is on Morningstar website.Technically last day is 18 March;but I suspect brokers will want paid applications by about 12 March latest.
Doctor i
03 Mar 2015
Timetable of events Has anyone managed to glean a timetable of events?
struttt
03 Mar 2015
Re: Share Offer I took up the option to buy at 2p and look at them now it's a no brainer
badtimeing
03 Mar 2015
Re: Share Offer I also will be taking my allocation.And will be applying for more I think this is very good news
TX2
03 Mar 2015
Share Offer Money is being raised at a higher price than I expected which is good for present holders.On initial consideration I intend to take up my basic allocation but not decided whether to apply for more at this stage.
TX2
19 Feb 2015
Re: Results and Financing timetable I assume that additional institutional investors will be bought on board to subscribe to the offer,additional to shares offered to existing shareholders in the OO, as we will need to raise a substantial sum which will be beyond the capacity of existing shareholders.It will be an open offer rather than a rights issue(ie the right to subscribe for shares offered to existing shareholders will not be transferable or be able to be sold).I assume potential new investors would not have been in a position to commit until they had seen the 2014 accounts of the company & Haworth Estates just released.So there is still a reasonable chance that matters will be better clarified even if not fully completed by end of Q1.
