Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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James,
I reckon it's another large short closing. We shall see an explanation this week. An RNS is certainly due.
ATB
EP
The other thing I wanted to point out is that the unusually high proportion of very round volume trades continues suggesting to me that the large sell is continuing.
Some small signs of hope today which is disappointing as I was hoping for a strong start. The real spread here is minute through trading which makes it very difficult to decipher between buys and sells. All 4 purchases I have made over last week have shown as sells. I thought on Friday that the big late purchase was a buy but I'm now thinking that one of our two biggest iis are clearing out. Hoping they are desperate for the cash rather than know something we don't. Entirely possible that they have an urgent opportunity somewhere else given they are both energy specialists. Read results again today and can't see anything obvious missed so I'm keeping faith.
No placing. Check the interim results from last week:
“ Successful Reserve Based Lending facility (RBL) redetermination in June (a semi-annual recalculation), confirming US$27 million (£19.5 million) of debt capacity and headroom of US$8.8 million (£6.4 million).”
“ our forecast shows that the Group will have sufficient financial headroom to meet its financial covenants for the 12 months from the date of approval of the financial statements.”
Waiting for that whopper. Hopefully, it'll be here before Godot!
Little research fella…read back RNSs.
where did you read about till 2024? ta
No placing - they are already funded till 2024. Seller most definitely…gla
Do some research into the RBL.
Do we have a seller, or do we have a forward placing….? Any views appreciated