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Open Orphan- £5m placing at premium to current share price is set to be oversubscribed it says

By Tom Winnifrith | Wednesday 22 January 2020

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.

Well that is not something you don’t see on AIM every day. My share tip of the year at 4.6p to buy on January 1, Open Orphan (ORPH) now sees its shares, which I own some of, trading at 6.45-6.5p. But the excitement is only now starting –  the company is now saying that a £5 million placing at a premium to today's share price  looks set to be heavily oversubscribed. Let me explain what happens next.

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