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London & Boston (LBN) - set to double?

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fido - Tue, 03 Jan 06 :

Why is it that people assume that the raising of funds has got something to do with filling some sort of black hole. Before the review I was told that there would be no raising of funds before the year end and even then only by means of a small placing. These funds were to be used for further acquisitions. At the time it was assumed that PSG would be sold which would have gone to pay for any companies brought.These companies must still be on LBN`s buying list and if PSG is not to be sold then funds need to be raised from elsewhere. Who better than from LBN`s large investors who can see the potential within the company.The only question is at what price the shares are sold for. With LBN stating that PSG is worth £18 million on its own and the other companies in the group doing well, I don`t see how any shares issued could be at a price that values the whole company at only £7 million.


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