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Ilika – quelle surprise! As warned here, after “Capital Markets Day” & “Q&A session for retail investors”… discounted fundraising

By Steve Moore | Friday 10 May 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.

Previously writing on company describing itself as a “global expert in solid-state battery technology” Ilika (IKA), last month I noted “Capital Markets Day” and a “Q&A session for retail investors” – hmmm, attempted ramptastic? after previously noting, with the shares at 36p on half-year results, house broker Liberum forecasting revenue/grants falling to £1.6 million and at what point is it AGAIN more bailout funding required?. Today “Proposed Placing and Open Offer… at a price of 28 pence”. You were warned…

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