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dead right.
that why I said sometime the rns releases are or can be over days to try and counter the sp crash coming.
but yes 4 rns with good news at 7am or 8am and its sometimes too much to take in looks a mess on the london stock exchange site and its name doesn't stick in your mind when thinking back.
Your right. buying in this morning and definitely selling before 330 pm is the only thing to do there.
if it makes more money tomorrow be happy with a profit today.
there is shorting on the way back down.
but over the last week its the volatile share most have gone for.
flybe and red emperor were volatiles of the past month or so.
its a different outlook. different risk. different timescale..
some days seeing that could happen at market open I cant resist not put a message in.
there are some where real value exists. that's the difference.
yes posted on widecells today just before open.
looked positive news.
also clever timing of further rns releasing good news. its not all at once.
all at once can often flood the early market. it doesn't get time to change its mind on a positive turn around.
staged release with an hour or two (or day or two) after the market open can often lead to more sustained momentum and less panic buying.
dont laugh. seeing few positive rns though the day or a few days apart is a much about changing market sentiment and changing the minds and advertising to investors as it is about informing good news.......
is that what you were hoping I would look at and answer? if not I dont know what you want.
Also bi thanks for news on the Chairman replacement.
A few weeks away is news indeed.
As I said over the weekend, its the kind of news that (WITHOUT A CHAIRMAN) can often make even real positives like long term contract confirmations have little effect on the sp.
Sterling work NED honestly.
Interesting Seafox would not answer questions about proposed savings.
Makes you wonder if its just a figure plucked from the air or a genuine observation of efficiency changes and calculation to arrive at that figure of 30% cost in daily opex?
Friends can you take a look at WDC. I know minnows aren't our field.Take care all.
Just topped up £2487 worth. Hopefully my judgement is right GLA
No idea how the voting went, there were only a handful of peeps in attendance tbh and GFD the trip was worth its weight in Gold, body language and seafox’s Representation said everything I need to know. I’m very confident we will do well. The Company is way undervalued . I’ve come away thinking my 25k investment at 18p is going to double sometime soon .... IMHO of course DYOR though
NED, were you able to get any sense of the voting from within the room; any prediction lol?
It will be via an RNS and only votes will be counted for resolution 3 and 4 he others were either withdrawn by the action era or agreed by the meeting today to be removed ..: hope that helps
Thanks for the summary NED. Did they give the results of the voting or is it a case of them being announced via an RNS?
Forgot to add he also questioned the savings that Seafox have communicated that can be made.... he obviously thinks this is completely misleading .......
Right chaps going to keep it brief and to the point. Firstly the meeting was only for voting purposes, the chairman Simon Heale did ask if anyone wanted to ask any questions before the votes.
I asked about how many shares Seafox held, they hold 13.75%
Next question was do they intend to add anymore. He could not answer that
How do they intend to make 30% savings , again I would have to ask seafox that. I then asked if there was a seafox representative, which there was but he said he was just an observer, had no intention in any dialogue.
I spoke to the outgoing chairman and he said the key things to look at as a shareholder is, day rates, loans and utilisation rates. He eluded to the share price being ridiculously low as I had asked him about my investment. He also confirmed that they are advanced in their search for a new chairman and there should be an announcement within the fortnight.. Hope that helps, I came away with the impression the SP is a Barry Bargain and Seafox are not very transparent etc. I’ll be holding on to my shares for sure and would add if I had spare funds. GLA and DYOR
NEDHAMMER:
I believe most of the questions in the EGM will be directed to Seafox - in order to know about their true intentions. If you were kind to ask:
- Does Seafox intends/have they bought more shares?
- What Seafox´s current share ownership is?
- How do they intend to save 30%?
- Will these be achieved by reducing or removing current GMS initiatives that set them apart from competitors?
only other question isdoes seafox intend to acquire more shares to reach 25% at a8pps or is it withdrawing the offer.
they probably have looking at earlier rns but trying to clarify
thank you ned.
my concern is 30% reduction in operating expenditure is from cutting maintenance
Yes pbody I am where else do you think I’m going,I’m almost at silk street ...I will ask those questions
off the top of my heed I think it was 13.5%
or 17.5%
might even be 13.45%
they had aimed for 25%
How many % of shares do they currently own....
Assuming ned is going.
Mine would be how do you expect to save 30% on daily operation expenses.
I would guess GFD would be about loans ?
The other I would think of;
My other question would be who owns what?
with the SP so low there is a chance that someone could offer 38pps and buy the whole company!
Were not even sure who owns what or where the share are to stop that sort of thing.
if you are nedhammer we will try and come up with 2 questions.
let us know what time you need them for?
there might be a few of us and we will try and keep it simple and put 2 forward between us on here.
I am sure others will read this.
gfd will I am sure.
ssb1 is around I think.
I will make a new heading .
give us a time cut off. 9.15 sound about right?
Take it you are going to the extraordinary meeting?
F ing not fingers ffs lol told ya I woz fick
Pbody not fingers production lol
Production any questions you would like me to ask at the GM today..... keep it simple like me please