Monday, 18 July 2016

Syndicate Rooms Fitbog Public Offering looking ridiculous

So when is it a good idea to buy shares at 0.25p on Syndicate Room when you can buy them at 0.24p on AIM?


The shares fell to .22p last week.

Can anyone come up a good reason to invest via SR? According to the platform they are offering the public a chance to play with the big boys, as the big boys special price. Eh? 

Look, the idea isnt a bad one in principle but you do have to be able to offer a discount or you just look very foolish.

According to this  from the LSE website, the institutional offer is at 0.15p not the 0.25p stated in the SR offer document. Wonder who has got it wrong??


  1. EIS tax relief might be an incentive to pay 0.25 rather than buying on exchange for slightly cheaper

    1. Doubt it - it seems to have now been withdrawn!

  2. Goncalo de Vasconcelos, CEO of SyndicateRoom19 July 2016 at 04:01

    As per comment above, EIS tax relief made the shares cheaper for eligible investors. Also the offer wasn't withdrawn - it reached its deadline.