Proactive Investors
15 Oct 2026, 09:34 UTC · 1h ago
Predator Oil & Gas shares fall 41% after £2.5 million placing
Impact · against what's priced in
Predator Oil & Gas faces immediate negative pressure due to significant shareholder dilution from a £2.5 million placing at a 36% discount. While the expected MOU-6 results provide a near-term catalyst, the funding is primarily driven by rising costs from Middle East-related inflation.
- PRD−0.60
No priced-in read yet
- In context
The issuance of 166.7 million new shares at 1.5p (a 36% discount to the previous close) creates immediate dilution, compounded by a warrant overhang exercisable at 2.5p.
Read from the article alone
