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to see a nice entry point again
Much better volume today, the bigger the tickets the better.....I stand by previous comments of some insider action before any major moves, so will keep an eye on ticket size....good luck all that have been in this as long as I have !!!
30th of June is the deadline tho 4corners... I agree seems unlikely to go to the wire but it could be another 6-8 weeks away.
Wonder if we will get some kind of announcement as they are doing the book build or if we will hear of afterwards.
I’m not back in yet. Waiting / Watching for a little longer.
Just wondering when and at what price they will issue new equity - should happen within next month so as to clear the June deadline set by the banks. I still don't see sustained prices significantly above 10p levels till there is clarity on the bottomline this year, which in my view is very likely to be positive given the lower depreciation expense
Good RNS today. New contract wins. On course if not ahead of business plan. Increasing earnings. 78% vessel utilisation for year already plus buoyant tender pipeline. Would like to hear more on equity raise but think this is being done for right reason eg activity and earnings growth. Particularly like increasing involvement in European renewables. Gms is more than O&G and increasing renewables activity will be good growth and future proofing and hopefully bring broader market appeal than just O&G. Bought at 6p and looking for 12p+. AIMHO.
well - got the breakout !
Based on? Technicals?
looks poised for a breakout.
Results were 1st May 2020 ?
4Corners agree. Little SP movement until all 75M raiders by end 2022 and at that time many investors will wait to see EoY results for 2021, so mid 2022 I suspect....
That RNS was the perfect opportunity to communicate when the EoY Results will be posted, and to explain the delay......
This will be a dead stock for some time given the poor level of disclosure or till there is a buy out at whatever price
I think the bank deal could have been better given the previous rhetoric but it will have to do...
Finally arrived, and i think its good .
Absolutely right 547. What more can we expect from a puppet board :)
Or they delay .... Whilst I had issues with the previous Exec Chairman, I appreciated the fact he gave regular market updates and that hey were timely and accurate. The current lot seem to do as they wish with no regard to other SHs right/expectation that they (and the market) are kept informed in just suckle a way. Hard for the SP to rise when they create so much uncertainty for the market....
4:30 RNS it looks like
Looks like no news before the open.....maybe they forgot that there are other shareholders :)
Key issues will be utilisation and day rates. These were glossed over in the last t/u.
Also the financing update;interested to see if they adopt scare tactics or lay out an inclusive plan. Suspect a change in par value to enable a rights issue.
Tomorrows the big day isnt it, what are we all expecting in the RNS?
thought we would be 20p by now.
A couple of big buys popping up around 10am this morning; 270,000, £18.66k
Yes I realised that afterwards. Do we presume some of their "friends" or effectively them under another name will take the rest?
Do we effectively have a pretty much guaranteed raise within the next week at 10p, ~40% premium to the current price? That's going to look really nice when it drops
Mark - no mate as per rns buying their % share so they will retain the same % after the fundraise.
Si547 Thks for your reply. I will be holding into next year now and maybe longer if they can start to show real growth.