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President Energy

bruncher
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President Energy

#528243

Postby bruncher » September 7th, 2022, 1:43 pm

Circular to Shareholders

President is today posting a circular to shareholders ("the Circular"). The Circular is sent in connection with:

· a proposed capital reorganisation which will result in shareholders holding one new ordinary share for every 200 existing ordinary shares

· a proposed change of name of the Company to Molecular Energies PLC with a new ticker LON: MEN

· a proposed extension of share authorities to give increased power to the Directors to allot shares on a non-preemptive basis providing flexibility in the evolving Group including its Green House Capital division


https://wp-presidentenergyplc-2020.s3.e ... ar-WEB.pdf

If they spent the money on dividends rather than this exercise, it might raise the share price in a way more beneficial to share holders.

bruncher
Lemon Quarter
Posts: 1162
Joined: November 4th, 2016, 12:20 pm
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Re: President Energy

#601981

Postby bruncher » July 13th, 2023, 3:20 pm

The one analyst offering a 12 month price target expects Molecular Energies PLC share price to rise to 798.43 in the next year from the last price of 121.00.


That would be a 599% rise

https://markets.ft.com/data/equities/te ... ?s=MEN:LSE

I hold a paltry amount


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