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Sosandar - £7m placing but the announcement makes no sense to me

By Nigel Somerville | Thursday 11 July 2019


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM-listed Sosandar (SOS) has announced a £7 million placing at 15p – a small premium to yesterday’s close. The small premium is good news – or would be but the shares were over 20p just a couple of weeks back….and then came the results and trading update.

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