Been a while since I've been on here but my holding in NTL is suddenly interesting.
Has anyone seriously run the numbers on potential increase in stock issues and the net effect on SP and company capitalisation?
My back of a fag packet estimate reckons with ~1900 minor stockholders, issue could be anything up to 1.3Bn new shares (likely much lower of course), representing about 38% increase in total stock.
@ 2.2cps that's up to $28.5m added to the balance sheet (hopefully my numbers are right here).
It would also see the major/minor proportion of stock held change considerably, probably dropping the top 20 down to about a combined 30% holding.
Anyone have a view on what the JORC guidance might mean to the SP if we were to see a 38% uplift in total stock?