Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
hunniford - lol, there's one extra thing about British Airways case, this data breach happened in 2018
based on 2018 results IAG paid 1.3 Billion dividends in 2019, fine target was at 185m,
concluded with just 20m.. the rest went into pockets of the owners.
effectively regulator was ok with these money ending up there..
Viking. Some traders put orders in to “test” the market re the L2 bit
I really would wish any pain on anyone and we have all been there with share crashing. However Puppy is a special case. He really does deserver a share kicking and at 34% down . it is..
Still going probably that could lose a third on what I read .... at least,
I think Mark was only person who read that NSF RNS properly this morning !!
Down 18% already
Puppy, think NSF shares have done a whoopsy. -16% so far. Cut your losses
Quote: The FCA WILL issue AMGO with a fine next year. It could very well be the final straw for AMGO.
Hound dog the job of the regulator is not to put companies who have actively engaged with them for redress out of business. That would be just plain stupid.
It is worth bearing in mind there is also now precedent on a company's ability to pay a fine to a UK regulator. BA is the test case for that.
In JULY 2019:
Following an extensive investigation the ICO has issued a notice of its intention to fine British Airways £183.39M for infringements of the General Data Protection Regulation (GDPR).
OCTOBER 2020
Today the Information Commissioner’s Office, the U.K.’s data watchdog, announced that it would be fining British Airways £20 million ($25.8 million) It had originally planned to fine BA nearly £184 million, but it reduced the penalty in light of the economic impact that BA (like other airlines) has faced as a result of COVID-19, as well as work BA had undertaken to address the issue, and the ICO learning more about the nature of the attack in a further investigation.
I think puppy needs to be taken to the vet!
HD - all for freedom of speech but it's bordering on an unhealthy obsession with something you have no financial investment in. don't you think your time could be used a lot better?
Hounddog.... WOW!!! Talk about desperation, all his posts totally oozes of it! Is he trying get all the AMGO investors to sell up and buy NSF or something ! He must be in real trouble over there... Ooops!!
Yes Mark, go put some money in NSF.
Good idea....
Mark ---- Yes, keeping too well really. Need to lose a stone or 7 !! LOL Just wish this would move up a few pennies, then everyone is just that little bit happier and not so on edge. Have been watching and trying to learn the level 2, there have been some very strange goings on there to me this week. Lots of what look to be buys disappearing off of the order book with lights flashing like a Christmas tree but not showing a buys on trades. If that is a large order as some have suggested, it is a bl@@dy big one !
Cnel91, I'm a firm believer in freedom of speech....... And keeping all options on the table.
Haha I thought you were selling up today Paul?
Hounddog, not looking for an argument but genuinely interested in this. What has you so emotionally invested your forecasted demise of AMGO when you are not financially invested? You are on here almost hourly each day.
Viking. I just got fed up banging my head against a brick wall on here with some posters so decided to step back a wee bit. I’ve got a few others on the go as well but have been checking in and reading the posts.
Hope your well!
Yea now no f??k off hound with your **** share
Hounddog . Amigo position is less than desirable the whole saga has been **** show to be frank ...... but!
We are in a better position there is no two ways about it I’ll agree to disagree with you but in about three minutes the market will set the mood. I’ve put another buy order in on NSF but for a smaller position and at a lower buy price.
I hope it works out for you I really do I don’t like to hear of anyone losing money on any share but a substantial equity raise, going concern worries on a base case scenario together with the breaching of banking covenants should worry anyone already holding.
But good luck I hope as they are saying over on the nsf board it rises today for you and everyone else.
Haha Mark, as if you would celebrate needing a provision of (at least) £250m.
Don't forget, the FCAs new rules will make it much more difficult for AMGO to be profitable in the future. Best case scenario here is an equity raise and a much less profitable future.
Tick Tock
Mark1973 ---- It is good to have yo back, i have missed your input over the last few days, hope you are keeping well ? I do not think puppies maths is too good this morning. Him or her and few others seem to think that is a good RNS, didn't look like it to me. If we released one like that this morning, i think i would have wished i sold up yesterday. I took 2 nights off so i could be around this week as i was sure there would be news towards the end of the week, guess there is still time but an update from the BoD would be nice.
You really think AMGO are in a better position? Baring in mind all NSFs problems have come from the guarantor sector. AMGO are in deep trouble I'm afraid. Assets frozen by the FCA, vreq almost certainly going to be delayed. Restarting of lending now doesn't have a date. The FCA WILL issue AMGO with a fine next year. It could very well be the final straw for AMGO.
Anyone invested here who thinks everything is rosy is clearly deluding themselves.
AMGOs next rns is crucial.
Lol
Hound dog. No we wouldn’t! But thanks for pointing out to everyone how much stronger our position is it’s helpful to the newcomers so we all applaud you for that.
Pointing out the potential top end liability for Amigo of 250m is really helpful ( I still think the 135m will be ample ) but it’s fantastic that you have put a figure of 250m in order to reassure our new holders that we are most certainly not going to suffer a liquidity crisis like NSF faces
Houndog estimates 250m potential liability
So it’s really good news that we have already set aside 135m for redress together with 145m at the last count of unrestricted cash ( 280m total )
If NSF want to borrow their 16m we could lend it to them out of what we have left over 49.9% interest ..... but they will need a guarantor.
Mark@1973 - yep, those guys were making loses throughout every of recent 4 years, and H1 this year is no exception, redress costs close to £100m, continued equity drain with expressed consistency.. No thank you, don't like the risk (although gross NAV looks like very close to ours, but adjust it for salvageable stuff, write-off goodwill and it doesn't that look good anymore) .. Although fair to mention - they can also become multibagger if everything magically plays out well and they manage to turn it around..
HG, it would take years to pay out 200m+ if that was true. We were making 80m profit so it's covered in 3. Still leaving 140m to in the bank. We are a going concern.