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I suspect (hope) what will happen is that a placing will get done but just at 35p instead of 50p. This obviously means more dilution for existing shareholders. But at this point the aim must surely be just to get the raising done irrespective of the dilution. X% or Y% of nothing is still nothing. A raising seems to be the only way to steady the ship in the ST and give the company (and all stakeholders) a fighting chance. Sadly I think the idea that the brothers or the LLP take a hit is fantasy. I have to say what I find most troubling about this saga is the brothers' refusal to put money to work in the latest RNS. I strongly feel that this more than anything spooked the market and undermined the 50p placing in the first place. Which in turn undermined the value of the brothers' residual stake. The message seems to be loud and clear - we are not throwing money into a lost cause. I am no Corbyn supporter but frankly this total disregard for stakeholders (and I'm thinking above of all about employees) is shocking. In summary whilst I echo the sentiment of deep disgust with owners / management, let's hope that they can get this placing away...
Evening Breezy, I'm staying disciplined with JLP and holding for the long term. They have made incredible progress this year but the financials won't come through until next year. This business has turned itself around very well over the last 2 years and is only at the start of a new growth period. It is now on a solid and stable footing to move forward over the coming years. Get quick rich merchants and day traders aren't going to be impressed by JLP but long term holders will benefit if they remain patient and just keep buying on the dips. Have a good weekend. Cheers idg69
Hi idhg69 Its been a good year for jlp as they have made good progess but for some reason the share price as not moved. My 7p prediction for christmas is way off the mark.I think 2018 will be the year shareholders patience will be finally be rewarded as the next set of results should show jlp are making serious money.
At the current rate we are declining we will finish the year lower than where we started at 3.6p. Logic doesn't apply to this stock - considering the progress made both operationally and financially this stock should have stayed above the 6p line after the Tjate news in March. Sentiment on the BB is very low with too much petty squabbling for my liking. Whilst I'm disappointed it's going backwards, I'm comfortable holding for another 2-3 years.
CH....spot on! all the rest is just bla, bla, bla.........."jam tomorrow" as our good friend Jonmor would say.....but all we ever seem to get tomorrow are more placings
A better question would be - how much actual cash do we have taking away the money tied up in bank guarntees ?
Yep C Trader has just won the dumbest question of the year prize - Dear Larry are you breaking the law ? - Wow thats doozy CT
BassCadet: a big stumbling block to Hydrogen as with other "green" technologies is that it takes a lot of energy to provide them. By virtue of the fact that H2 is a good fuel - i.e. gives off lots of energy in its exothermic reaction with O2 also means that it takes energy to isolate it - 2nd law of thermodynamics etc so no free lunch - it's not found floating around in nature too much as it likes to combine with other substances but where does the energy come from to isolate it or reform it from other compounds? Fossil fuels, so how is that conundrum to be solved?