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trouble,
Thanks for your research on my behalf.
Maybe it's just as well the dancers aren't coming, - I couldn't get many of those in the lounge.
Not with a 5 piece orchestra as well..
@B2HSL
Plenty of jelly here - not sure about the virgin status however :
https://www.youtube.com/watch?v=vKkjm_9OA_E&ab_channel=IncredibleRaju
These might be available :
https://www.youtube.com/watch?v=W5cbHyYrEHE&ab_channel=PortalFan15
Happy Birthday.
P.s that AMF document that I shared does link to the EU rules. First line states;
"Information boxes have been inserted within the General Regulation. They allow for a direct access to the relevant European regulations on the subject matter"
Haha happy birthday B2 and and thanks for being our very own harvard referencing!
Thanks ChrisToffer.
I shall read the link you posted after I've survived the bumps at my birthday party later today..
The Guinness people are here to witness hopefully a world record amount of jelly being consumed in 30 minutes, (or was it the world record consumption of a basket of boiled eggs ala 'Cool hand Luke' they're interested in?) - can't rightly remember as I write this, - in fact I'm so old I can't remember how old I am today!
+++
Just a reminder that there may be stuff in an equivalent European rules document that hopefully is also available from glasslewis, as there may be one or two useful 'titbits' in there, and I'm partial to titbits every burfday.
Let the flowing of wine begin, - when do the dancing virgin belly dancers turn up??
Oh, latest from the teleprinter says somebody forgot to book those :0(
Hi B2, I believe this link has the whole 2021 french code; section IV does indeed state that the law changed in 2016 and that a company should publish a buyback program.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.amf-france.org/en/eli/fr/aai/amf/rg/20161218/pdf&ved=2ahUKEwj_hs_2wOzzAhVoAhAIHcXQDa0QFnoECBMQAQ&usg=AOvVaw0_mr2be2Jg7N9e9485xzTW
Thanks a million B2, That is indeed a fantastic reference!
Yes that 2006 one was where I found the process which stated the company was under no obligation to declare. After a brief read, I dont think the glass Lewis one contradicts the process laid out in the earlier doc? I'm gonna look further now that we have the exact articles.
ChrisToffer -
re your post yesterday at 08:43 - "The law of July 2, 1998 authorizes open market stock repurchases" was I believe taken from this document dated March 2006:
https://core.ac.uk/download/pdf/191814536.pdf - Share repurchase regulations: do firms play by the rules?
+++ Apologies if this is incorrect.
French law concerning companies repurchasing shares has been updated since 2006.
It would be reasonable to get the latest on the subject, before relying too much on the parts you found of interest in the above document.
The latest I have on French law (as it differs from European law), is found below:
source https://www.glasslewis.com/wp-content/uploads/2017/01/Guidelines_France.pdf (dated 2020)
"These guidelines are intended to supplement Glass Lewis’ Continental Europe Policy Guidelines by highlighting the key policies that we apply specifically to companies listed in France and the relevant regulatory background to which French companies are subject, where they differ from Europe as a whole."
**Amongst other criteria**, Page 18 refers to Anti-Takeover Devices.
++++
I would recommend reading the whole document and keeping it to hand, as it may shed light on French law concerning matters we have recently dealt with, and may revisit again shortly. It will always be handy to have a quick reference document should we need to know French law in future.
I shall try to find the equivalent European law link tomorrow.
I do agree that Q3 results should have been released. They would have been known 2 weeks ago at least. They reported in Q1 and H1 so why not Q3. No one knows so all we can do is wait. I know I certainly won't be selling on the back of them so it is more to just satisfy my boredom with this share. Give me something to munch on. Not to mention, I am heavily invested here and would like to know how business is going.
With 71m shares in issue 1% would be 700k shares & 2.1m would be 3%.
I never know whether we should expect a TR1 as RNSs (look at 1 Oct 21 as example) make clear the company is bound to declare changes in shareholding according to the French Code & its articles and is NOT under the transparency rules of the FCA. (copied below for ease). The last TR1 was filed back in March & by Blackrock. I wonder whether notifications are only made by UK institutions running on autopilot or whether all institutions such as those who may have been buying on the continent on Friday are obliged to declare interests in the same way. Does anyone know?
Text from RNS 1 Oct 21 under total voting rights
"The total number of ordinary shares in the Company is 70,626,248. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company pursuant to Article L. 223-7 of the French Commercial Code and the Company's Articles. The Company is not subject to the disclosure guidance and transparency rules made by the Financial Conduct Authority under Part VI of FSMA. "
But to many pi's it is very relevant....
Yes great if you are happy to trade the 20/30p rise and fall, but really, it cant last forever, something has to give...
Such a shame, it looked so great to start with and now so badly tarnished and worst of all BoD dont give a toss, or so it appears?
Whatever, waiting ever waiting!
DRB, i would like to know the Q3 figures so I can decide whether its worth staying in, I have a slight bad feeling Q3 revenue isnt as was forecast, I hope Im wrong. But as has already been mentioned if the figures are better or as has been forecast why not communicate that. Not being oblidged to doesnt cut it as far as im concerned.
To me im relaxed about it all. My average is so much higher that even fridays 16% move didnt even ruffle my feathers, it's nothing. Its all pretty meaningless at this low level.
In the meantime, time is money.
There's no pointing wasting it unless you're enjoying it.
The moaners surely can't be and would be better employed doing something else.
If they are employable !
It is so so frustrating but we have to accept that the share price is not going to be the new boss’ immediate priority. I don’t think it’s even going to be in the back of his mind, it’s genuinely irrelevant right now. They don’t need to raise money, it does not affect day to day operations one iota. If anything the lower it is the better if they do engage in share buybacks.
We have no choice really but be patient or sell. It’s not easy but it is what it is. At least we know that when they decide to switch gears then this will move in a flash…
Wish they'd just get it over with and drag it back to 250 then maybe we can rally again. Its blatantly coming, all this pussy footing about is just time wasting.
Agree Kilt but my own personal belief is that if they are still only on target to deliver £100m then I'm not happy with that. Given that cases have soared, the sales teams are growing, we have more machines out there compared to Q1, winter is coming and we now have more products to sell (specifically aimed at winter), then why on earth would we be happy with less sales compared to Q1 and Q2. Doesn't make sense. Is this why the market is so nervous about ncyt?
Q1 sales = £30m
Q2 sales = £24m
Q3 sales = £23m
Q4 sales = £23m
2022 Q1 = £20m
Q2 = £15m
Q3 = £10m
Q4 = £5m
This is what the market knows and sees because this is what ncyt have told us. What pattern do you see? When I lay it out like that then it's pretty obvious why we don't have II's coming on board.
DA, is this a fair representation of the future of ncyt or would you like to intervene? Over to you.
Lol must say DuncH is very persistent with posting his crap!
If the Q3 figures are as forecast, why not communicate that, would give some positivity that everything is as expected
As far as I am aware there is no obligation to give a Q3 update if it does not differ significantly from market expectations. Market expects £25m for Q3. So anything less than £20m or greater than £30m should imo be communicated.
I don’t think they have an obligation to report.
Maybe they don’t want to as FY is reiterated but they now have a massive sales team apparently selling FA
That's the question we all keep asking.
But does anyone know for sure when they have an obligation and date by when they need to do so?
Just looked in on the Board. Am I getting this right? Dunce has been screaming about a heavily discounted dilutive raise being nailed on, and the reason for the low share price, but now he's decided it's because the Company are buying back their own shares - literally the opposite? Had a look at his website. About as credible as his reasoning abilities.
Will they issue a Q3 trading update?
Possibly CT but one short alone couldn't have moved the SP that significantly unless it was the short that started it and then the traders and PI's jumped on board thinking it was a leak. Hence the sell off on Monday when they realised there was no news. Who knows. What I do know is that the SP is almost back down to where we started on Friday so it's like it never happened. Hence why I believe those shares traded Friday have been traded again since. Just my opinion.