We spoke to gas explorer and developer Sound Energy. Here are the latest updates from Executive Chairman Graham Lyon. Watch the full video here.
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Seems to me the news about the OTC rollout in Europe is probably the catalyst for the drop since normally profit warnings have little to no impact (and this one is better tan normal). Are we now seeing a support level of around 0.2 to 0.21 ?
As Dougie wrote, more news to come in the next 6 months, so I'm sure once day traders start jumping back in again, it will lift the SP back to the dizzy heights of 0.25 or even "Infinity and beyond"...lol This may indeed start after the YE results are uploaded since they have also stated "Further operational information will be contained in the Company’s final annual results announcement".
We will see, although I still don't understand why no mention of the 4millUSD receipt was mentioned, even to say it was delayed?
As I wrote before. Probably just another DBC. The BOD have no clue on how to run a business. And I will continue to believe that until I see some proper business etiquette to indicate they have an inkling of what they are doing.
No updates from Deep Longevity on their website, LinkedIn and Twitter pages for the last 3 months (!)
One fella listed as working for DLI now has a #Open To Work tag on his profile picture on LinkedIn...
What the hell is going on? What are these fellas doing all day? Heimdal
You’ve certainly changed your tune a bit.
SP getting smashed. Down almost 10% today. The lack of market updates from Deep Longevity is extremely disappointing to say the least. No updates on the DLI website. Where is the business model? Did we buy the cat in the bag? Heimdal
dougie they said yesterday the expect YE to be announced no later than 31st march
Look back and see when the previous years reports were uploaded.
Totally agree Bignose. The SP is a reflexion of the appalling management and their total lack direction and abysmal planning. Charts are a waste of time with this lot because the SP will move within a reasonably narrow band while the traders play their games. Why would there be any significant sustained rise when sales are negligible, no news on the latest ‘pie in the sky’ idea and continual profit warnings. Where did it all go wrong? Hang on, I know...everywhere.
Will the ye report land any day now ?
And remember to lookout in the YE report for the chairman's usual positive sentence "I'm disappointed RPG didn't achieve a profit this year"...blah blah blah..And.."JG has done a fantastic job so I'm going to recommend a pay rise ....blah blah blah".....GULP.......LOL
Traders who bought in following the string of operational updates looking for a positive update, but instead got a kick in the b_a_lls and are now selling out cos. Still didn't mention the receipt of the 4mill usd payment (before exes) from Wanbang.
This must just be traders , we have a lot of potential positive news for the year ahead . Keep the faith
And it will never go back to 0.06 again unless they again need to manipulate the price for more share issuance for purchase purposes.
It has nothing to do with the divi, its all to do with the incompetent management who the market has nothing but contempt for.
Share price dropping like a rock after yet another Profit Warning. Difficult for serious HK punters to warm to this stock after years and years of profit warnings and huge losses. At this rate we will be back @ 6c within 10-11 trading days. We would never have been in this terrible position if it was not for the outlandish and ill-considered 13c dividend back in 2013. Heimdal
VXR made no difference. I guess the Recordati news or should I write, lack of, was the talk of the town.
Well, that update was not well received by the market. Hang Seng up 784 points today and Regent down 1.23% :-(
We need an update on our DLI investment! Heimdal
There is feedback on the status of the fda phase II trials. I suggest you try reading page 3 of the announcement made on the 4th Jan.
Serious lack of shareholder communication here, lack of transparency with whats going on. fda trials stated that estimated completion date 31st jan and we still have no feedback . whats going on with new launches ? whats the point of deep longevity? all i have seen is they have an app that tells you if you look older or younger than what you actually are
JG once again being disingenuous with his "blame COVID" excuses- Long before the unwanted visitor from Wuhan, Recordati began scaling back its urology field force before H1 2019 due to Urorec loss of exclusivity. This, along with low Fortacin uptake, was likely the main driver for the shift to OTC.
Supply has been erratic since early 2019 (the "impurities" issue has been in the background since mid-2018), no UK availability since last June (with Docs4U desperately trying to flog an expiring lot at £1.99 a pop) or in most of the European territories. So, while there might have been little scope for new sales, manufacturing issues meant they couldn't even meet the dribble of repeat scripts. Simply astonishing that, with the latest fiasco of product recalls in Italy and Germany, RPG continues to shrug off the fundamental issue of product quality and consistency and its ramifications.
Same old, same old. Little of interest. I’m surprised they didn’t sell off the mining shares a couple of years ago to avoid making a profit! Costs reduced; what a joke. No information on the latest ‘fag packet’ idea, so looks like they’ll be looking for the next one soon. What a complete shambles.
Oh and “Group has reduced its employee expenses by approximately 30%” is really amusing given that some were awarded a huge amount of options obviously to compensate and some. A laugh a minute....... lol
Not much of an operational update !!!
The part about Recordati is rather confusing since they have posted reasonable profits for last year.
Good that the loss has come down which I can only assume comes from the remainder of the Fortacin write down.
And as The.Italian has written. No mention of the ozzy tax. But maybe it will be detailed in the final report, although with not selling of the Venturex holding, how have they paid it ?
And no mention of the DLI (given it’s not a Fortacin Op update). Does that indicate operations have stopped there ???
So pretty much carp, as usual.
Excellent timing wrt the significant increase in our VXR holding :-) certainly a sweetener.
The issues raised by Alquemie was not mentioned in the update.
I found the lack of info wrt the DLI deal and progress since then a bit puzzling.
Let's see how the market react tomorrow, I do not expect much of an impact.
well at least they have still got the venturex shares. why is no provision required for the aussie tax?has it been paid? have i missed something?