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Started: Manyana, 18 Jun 2024 11:28
Last post: BillfromBristol, 20 Jun 2024 22:07
Ah, I was referring to your point here - "far left governance has been far more destructive than even far, far right."
I think when you get to 'far' governments then they are pretty much the same - Hitler and Stalin were as bad as each other but apparently on the opposite ends on the political spectrum in terms of labelling -
I was referring to a 'normal' government in the Uk, so maybe at cross purposes.
I did not say that right wing was more effective. Think you made that up.
Solar panels need replacing.
Infrastructure is not in place yet - totally agree with you.
'Just stop oil' is not the same as 'Build more solar '.
Just stop oil is based on destroying an oppressor and is a left wing mentality held by many greens.
My experience of left wing is that they are nice until you disagree with their beliefs, then they will set out to destroy you. The generations who go to festivals dump all their rubbish and expect people to clean up after them, then go home and tell everyone how to save the planet on Tiktok or instagram. Part of a mentality that explains why at large we are such a mess in the UK.
Far left government has absolutely been more destructive, think Stalin and Mao. Just those two people are responsible for ~100m deaths in the 20th century. Socialism is ultimately reliant on the use of force which I think Flashgarden was trying to make. May I suggest you read The Road to Serfdom by F A Hayek, or maybe Gulag Archipelago by Aleksandr Solzhenitsyn. Both lay out the harms caused by the good intentions of far left ideology.
I’m left wing and I’m a nice bloke.
I don’t think your comment about right wing government being more effective than left is borne out by experience or evidence - not in the UK anyway. But happy to see your evidence.
Also I don’t see Green as being evil as you testerically imply. Solar energy is exhaust less - makes much more sense than going to the shop every day and buying oil that someone has to distribute every day and someone has to refine every day and someone has to extract every day. Renewable energy just needs infrastructure to collect it.
And result is clean air and water. What’s not to like.
I do accept there is a transition so I’m not being hypocritical by investing here. We need some gas in the meantime.
Fossil fuels are inefficient and expensive anyway. So much energy is lost in distribution etc. We need better.
This is very interesting if you like to research these things.
Cheers all. Gardening now. :)
https://www.rethinkx.com/climate-implications/in-depth/eight-technologies-three-disruptions?utm_medium=email&_hsenc=p2ANqtz--m7dTbzrhqdCgu8pOwtqZuIOsiPKvXak1-wmpBIb0_VqnSa-liMgKfjr0yW9bP_F-wmQxworCVeLWPIRqVTrN0ATqnIw&_hsmi=312323914&utm_content=312234059&utm_source=hs_email
Started: Spuddymadrid, 17 Jun 2024 17:18
Last post: Spuddymadrid, 17 Jun 2024 17:18
Hello Flashgarden. Wonder where is Swizz. He may have a better idea about what might be afoot !!
Started: StockCheque, 8 Mar 2024 15:13
Last post: flashgarden, 17 Jun 2024 15:20
The timing could be really bad for the greens.
ER is trying really hard to portray them as reasoning forward thinking capable decision makers. However the ECT claim is going to portray them as one dimensional zealots that cancelled licences based on trumped up charges because the word 'oil' appeared somewhere in the documentation whilst continuing to agree the importing and utilisation of vast amounts of oil based fuels and products and allowing their esteemed leader to do more foreign travel than any other minister in ireland. They will utterly fail in reaching their targets, will fail in protecting their constituents from the financial burden of their policies and will ultimately fail in getting intelligent folk to vote for them. All of this is coming down the tracks for ER. We all can see how he loves seeing himself in the media. Soon it will be for infamy. Of course he could act more reasonably with barryroe. If he wants to keep having a chip in the game maybe that is the price he has to pay.
To clarify, this Friday is 3 months from the suspension date not 6 months, and is the latest I'd expect them to submit the claim if they want a decision on it within 6 months from the suspension date.
Ok, I thought that might be it but wasn't sure if anyone was aware of anything else, like only going on the list at a certain point in proceedings for example. I can't see it under Lansdowne or Barryroe searches so defo not there.
Yes, we should be given an update as we are halfway through the 6 months, either they have the backing they were looking for or they don't and we should be notified one way or the other. The time it will take to get through the charter treaty process, I would have thought around now would be the latest they could submit the claim and get it completed within 6 months from the 21 March RNS, which is this Friday.
They clearly can't wait for a new Government to be installed, they have to get the claim in, let the Government sort itself out and if that leads to reinstatement then the claim can be dropped.
Because they have not made a claim yet. All logp have done is state their intention to make a claim and engage mantle law to arrange the funding.
I think it would be good if they updated shareholders on progress or lack of. We are 3 months in.
I still can't see the LOGP case listed on the site https://www.energychartertreaty.org/cases/statistics/
Any idea why it would not appear or appear yet?
Started: Makeabundle, 11 Jun 2024 19:15
Last post: Manyana, 15 Jun 2024 19:56
At present, the Independent Party has 3 members in the Dail. If the other 18 "Independents" joined them they would be a force to reckon with but as long as those others want to be "Independent" they are a waste of time. They would have been better calling themselves the "Farmer Party" and then more would have joined.
But as long as the Independent Party ends up with more seats than the Greens it will be curtains for the Greens in government and that is what we want to get rid of Ryan out of government.
I agree Manyana. Sein fein will run more candidates than last time and will return with more seats, but they may not get as many seats as expected due to the raise of the independent vote. It would suit Fianna Fail and Fine Gael to go into government with independents, particularly independent parties. as both big parties will have to move to the right in order to do well in a General Election. Simon Harris, the leader of Fine Gael stated during the local and European elections that there should be no cut to cow numbers in Ireland, contrary to Green Party policy. Michael Collins will run a number of candidates in the General Election and should have enough candidates elected to easily replace the Green Party as a coalition partner. Sein Fein are in exactly the same position with independents in Ireland as the Conservative Party in the UK are with Reform UK, with both losing votes to the right wing of politics.
If SF runs two candidates in each constituency they will probably form the largest party. The mistake the last time was to run only one in each constituency and then won most of them seats with good majorities which would have increased the chances of second candidates winning.
If that happens, you can expect FF, FG and SF to hold enough seats in any combination to form the next government and anything that ER does will be irrelevant as he will have no place at the table as he does now with his Green party veto vote as any disagreement he has currently with the other two will bring down the government.
Roll on an early election.
It is almost a certainly that the General Election in Ireland will be in October this year. Independent Ireland lead by Michael Collins, who is a vocal supporter of developing Barryroe, did well in the local elections, finishing with 23 seats, the same number as the Green Party. One of their three candidates in the European election, Ciaran Mullooly, was also elected. I notice he is already being attacked online by the Green lobby in Ireland. I think it is worth it for a company to do a reserve takeover of Lansdowne at this stage. not only for the case that is being taken in Europe, but for having a 20% stake in the Barryroe oil field, which may very well be given the go ahead after the General Election.
One would imagine that after the political shake-out there must be a good probability that the ECT case will not be necessary and that the LU will be reinstated. How soon is the question.
Will we have to wait for a general election? ER definitely won’t be feeling so jaunty these days, not with enraged Independents gunning for him.
Started: flashgarden, 10 Jun 2024 12:36
Last post: flashgarden, 10 Jun 2024 16:59
Have they still not finished counting. No wonder we are in this position with barryroe.
They must be using a wind powered abacus to count the votes.
Started: Cephalo, 3 Jun 2024 13:44
Last post: Cephalo, 4 Jun 2024 11:05
Isn't the cynical bear faced lying hilarious? Well it would be if the cost to innocent investors and common sense wasn't so high. The thing is, with EOG he might make a show of granting their licence - because it's still a wild cat exploration play with no discovery, no oil or gas in place. He is still reaping the licence fee money until it suits them to say there isn't enough funding to extract the oil.
As for financing, this other article
https://www.thetimes.co.uk/travel/destinations/europe-travel/ireland/did-ryan-overplay-his-hand-barryroe-game-of-poker-comment-w8xs5s5r0
.."Discretion is not an absolute veto, and it will not absolve the department from making a decision that is unjust.
A court or arbitration panel will do that. Lansdowne is already claiming $100 million. It owns 20 per cent. Grossing up, the total claim could be $500 million. This game is not over. The stakes are high".
And from Battle's article..
"One Barryroe shareholder wondered why the same investment cover guidance did not exist for applicants in renewable energy."
“Irish governments don’t break contracts. If you start doing that, it makes everything more expensive and
difficult for everyone, because who would trust the government?” Eamon Ryan – Feb 2024
Let's hope LOGP win and WIN BIG!
Michael Collions the leading voice in the Irish parliament for Barryroe has formed a new party called Independent Ireland
Lookslike the Greens will lose at least one of their two MEPs in the up coming European elections in Ireland. Interestingly Michael Collins, the leading voice in the Irish parliament has formed a new political party and they are running three candidates in the European elections, one in each of the three constituencies in Ireland. Looks almost certain that their candidate in Dublin, Neil Boylan will definitely get elected, with their candidate in the Midlands northwest constituency, Ciaran Mullooly in with a chance of taking a seat. Their candidate in the South constituency will not be elected, but if two of the three get elected, that would be an amazing success and set things up for Collins party in the upcoming general election
This is all going to get very political in the next few months. Who is going to pay for green policies? We all know. Hopefully , the looming court case is going to highlight this at the worst time possible for his election campaign.
Started: donalb, 4 Jun 2024 08:46
Last post: donalb, 4 Jun 2024 08:46
Larry Goodman, the billionaire beef baron, has stepped down from the boards of more than a dozen Irish companies in his Anglo Beef Processors group.
Company documents show that Goodman left the positions as recently as November of last year, having been a director on some of them for 30 years.
https://www.independent.ie/farming/agri-business/goodman-steps-down-from-more-than-a-dozen-boards-of-director-roles/a1589016072.html
Started: Battle, 2 Jun 2024 00:04
Last post: Makeabundle, 3 Jun 2024 10:50
Ireland has taken us by surprise. We remain cautiously optimistic.
From old PRD RNS 24th January 2024
I suppose PRD were taken by surprise a second time when no news arrived by the end of March.
An old article from June of last year. I had not seen it before.
https://www.thetimes.co.uk/travel/destinations/europe-travel/ireland/inside-the-culling-of-the-barryroe-oil-prospect-hq9ncd2zv
Started: Makeabundle, 31 May 2024 09:49
Last post: Makeabundle, 31 May 2024 10:18
LG is probably in bad humour after S.Boldy’s public commitment to ‘ring-fencing’.
We certainly need interest from other companies and investors. Hopefully Mantle Law have begun to engage with some interested parties. Perhaps investors are waiting to see the make up of the European parliament after the June elections. Looks very much like a swing to the right and a redefining of the European Green agenda. One of the things investors would be looking to see is the European Treaty that allows oil and gas companies to sue governments that ban oil and gas drilling to remain in place. I would imagine that the policy around oil and gas exploration will be similar to that of the present UK government in the next European parliament. Eamon Ryan is hoping that at the next meeting of the European parliament one more country will join in his bid to pass the Nature Restoration Act, as they need one more country to vote in favour of it to pass. What strikes me is the next meeting of the European Parliament is mid June, after the upcoming elections. Surely he must realise that not only will one more country vote in favour of it, but a couple of more countries will vote against it. Funny thinking really
'In the meantime, Shareholders will also continue to benefit from the Company's interest in the potential outcome of the ECT Claim and we believe this, along with our AIM listing, will provide significant value for discussions with interested parties looking to undertake a Reverse Takeover.
'With a market capitalisation of less than £1 million and a likely claim under the ECT in excess of US$100 million, we believe the Company's interest in the outcome of the ECT Claim potentially offers shareholders a multiple increase in the current valuation in any discussions over future assets vended into the Company and constituting a Reverse Takeover which, in turn, would also see a lifting in the suspension of our shares on AIM.'
Do we need interest from other companies to stir LG from his lethargy?
Started: flashgarden, 30 May 2024 21:04
Last post: flashgarden, 30 May 2024 21:04
EU leaving ECT.
Sunset clause means we are still in the game.
IMO we could have been at this stage a long time ago.
Started: BillfromBristol, 20 May 2024 10:27
Last post: BillfromBristol, 27 May 2024 12:12
Understood
That's not what I was saying.
That would be nice but there’s no law that allows you to get your money back of course. We can live in hope though
I believe Boldy needs double digit pennies to break even on his holdings
I’d settle for 3-4p after all expenses from the ECT!
Who thinks it is strange that neither EOG nor PRD have heard anything from Ryan after that surprising January letter? Waiting is indeed the name of the game.
Started: Ravenspads, 12 May 2024 20:46
Last post: Ravenspads, 12 May 2024 20:46
I’m very happy that he was at the cork limerick hurling match at the weekend and enjoyed it immensely and it was also very kind of him to publicly wish Bambi thug the very best of luck in the Eurovision but if he could have a look at his intray box on Monday morning and compensate me and the 10 ,000 small shareholders as quickly as possible. I respect mr Ryan’s decision but it wasn’t in the script and I respect mr goodman as you can never have enough but in my case alas you can definitely have Too little . the gov is awash with cash from giving 15 % of the national grid to the data centres so please mr Harris expediate this as quickly as possible To me and my fellow shareholders go raibh maith agat
Started: flashgarden, 5 May 2024 07:28
Last post: Battle, 5 May 2024 11:48
You would imagine that LG will use the European and local elections to put some pressure on the Green Party
What is LG doing at present to take advantage of Ryan’s weakening position?
What is he waiting for - LOGP to fall into his lap? - or Ryan to be booted out? - What is his strategy for the many millions he has in invested in BEY? Has any one any ideas about his plans?
He opposes data centres because he knows they will expose how unworkable his extremist green policies are in the present and real world. He refuses to accept that 'transition away from' does not mean ' instantly stop' . In this regard he is in opposition to the COP agreement that he signed up to. Utter nonsense. Next time he uses tge word 'Capacity' in a debate to show irelands wind power generating capabilities someone should hold up an empty jug with a capacity of one litre and say that this is how useful wind power is when the wind does not blow.
3.77% coal
Started: flashgarden, 28 Apr 2024 10:58
Last post: flashgarden, 28 Apr 2024 11:06
I also wonder how he got there?
Was it on a bike made from steel that was produced without hydrocarbons, tyres that were made from 100 percent natural rubber, and wearing clothes that did not contain any polyester or nylon.
I think not. He flew of couse in a self propelled flying machine made from sticks and wool.
Ryan has been in berlin attending petersburg 24 climate knees up. Discussing how they raise $5 trillion a year fir climate transition. Errrr why dont you use indigenous oil and gas reserves and use all the tax revenue. As of today only 12% of energy coming from renewables. over 50 percent from gas according to ireland energy dashboard.
We are being led by fools.
Started: Ravenspads, 25 Apr 2024 11:03
Last post: Makeabundle, 25 Apr 2024 22:19
Let’s hope Harris buries Ryan’s surreal energy policies, with or without him.
Well spotted Bill terrible error on my behalf Looking forward to a positive outcome here anyway
Interred?! Lol
Sounds like you've been on the happy pills - but we can all dream I suppose
Sounds like you have some inside information Ravenspades. Hopefully he will pick it out of his in-tray. Eamon Ryan must be getting worried about claims against the government in relation to climate change judging by the attached article. I remember that he was telling the public last year that they could sue the government if climate targets were not reached.
https://m.independent.ie/irish-news/eamon-ryan-alters-statement-on-climate-case-says-he-didnt-initiate-move-against-swiss-grannies/a1244992305.html
Very happy to see the new boss of Ireland interred and bringing a fresh new energy to the role fully committed to bringing change for the better to each and every Irish resident I am more than happy to see the Irish data centres receiving 15 % of irelands national energy supply as that gives the exchequer ample taxation to pay us small shareholders who bought into barryroe offshore energy and Logp with adequate compensation my finances took a huge hit as I am elderly but I won’t comment any further as mr Harris can expediate this matter within 10 days easily it in his in tray from today that’s 5p per share Logp 8 p per share bey he will get the country moving again I have every faith in his ability
Started: Makeabundle, 16 Apr 2024 19:35
Last post: flashgarden, 23 Apr 2024 12:29
Https://www.breakingnews.ie/ireland/minister-for-climate-settles-case-over-decommissioning-gas-field-off-south-coast-1586849.html
How come Ryan has progressed claims and is even poking his nose into litigation in switzerland and we have heard nothing about ours.
PRD were told to expect news from the DECC by the end of March but have heard nothing. Anyone think this might just be good news for us ie that there is a general rethink under the new man about all projects and not just Corrib South?
Started: flashgarden, 15 Apr 2024 09:40
Last post: Makeabundle, 15 Apr 2024 13:49
I see a change of heart about nuclear in Sweden and the farmers in France and elsewhere are forcing Macron and the EU to be more balanced in their aspirations. ER is the odd man out. Of course fanatics are often as odd as the irrational demons that drive them.
What is LG doing at the moment, if anything other than waiting? I wonder who SB is in talks with? Presumably he is not sitting on his hands.
If Oil prices and supplies get impacted by the escalation of conflict both in europe and middle east, the folly of ER approach to Barryroe will become glaringly obvious. If energy supplies are negatively impacted then no doubt the spin that will be put on it is that the problem has been created by relying on fossil fuels. Its a stance totally bereft of common sense. We are in 'transition'. That is the official stance as agreed at COP 28 that ER agreed to on behalf of the Irish people. As any football supporter knows, transition carries risk. ER is focusing all his efforts on getting the whole team to the 'green' end of the pitch but is leaving himself totally exposed at the back.
Last post: beardozer, 22 Mar 2024 17:28
Why the sudden interest?
Started: Ludlowlad, 21 Mar 2024 11:27
Last post: Battle, 21 Mar 2024 11:53
The share will be suspended for six months. The company is suing the Irish government for losses of one hundred million pounds as a result of the government not allowing them to drill the Barryroe oil and gas field. The company have employed the legal firm Mantle to raise six million pounds or to be party to a reserve takeover in order to be relisted. If they don't raise six million pounds or are not taken over in the next six months, the shares will be delisted
Does anyone know what is happening here ?
Started: itisagame, 19 Mar 2024 22:17
Last post: StockCheque, 20 Mar 2024 16:42
A few jumping in today. Last chance saloon giving them FOMO maybe.
Now we wait to see if we get 10x or more.
Ahh yes, morning of. 👍
Well good luck either way.
That is why I added yesterday (19th) ....you got to be in to lose or "win" looks binary....but with the "cash pot" potential .....the oddds are goood to go! (IMO).....GLA
Tomorrow ,is the last day of trading as shares will be suspended as at 7.30 am on Thursday 21 March 2024
Hi, Flying comment, shares take 2 days to settle so anyone buying tomorrow or thursday risks not being on the register at close Thursday.
buying on 20th - shares settle 22nd.
buying on 21st - shares settle 23rd.
Last post: Makeabundle, 20 Mar 2024 12:51
He clearly hasn’t got the thick skin of an Eamon Ryan. Ryan, who believes the divine hand is guiding him to save the biosphere, is out of touch but ideologues can never admit that.
Well done, Leo.
Leo varadkar is resigning,maybe there will be an earlier election and finally a chance to get rid of Ryan.
Started: swizz, 8 Mar 2024 15:42
Last post: Spuddymadrid, 18 Mar 2024 10:37
Hello there Swizz. Thank you very much for your comments. You are a Gentleman. I think most on this site really appreciate the effort and time you took. Interesting times ahead. Fingers crossed. We might salvage something yet. Sad situation though that a bunch of zealots and career politicians have not take the best interest of the Country at heart and have destroyed the potential oil and gas industry in Ireland. Take care regards Spuddy
Thanks for detailed post,Swizz.
I was very disappointed by the lack of activity in the share last week. I thought the rns was a clever bait by SB to force Goodman or any other suitor out of the woodwork .
After suspension, I can’t see what the attraction would be for LG or another , to takeover logp if the fruits of a successful ect claim was denied to them.
An aim listing? - the Barryroe listing meant nothing to Goodman.
But maybe somebody will make a move in the market on Monday -Wed with some big purchases . It will be interesting to see .
Do you know if logp have taken legal advice to back up assertion that “the combined company would have full access to the ECT pathway through Lansdowne being a UK domiciled company”
My understanding from talking to some legal friends is that this is not possible retrospectively as Barryroe was an Irish registered company when ministerial decision was made . So it would be good to know if logp had legal advice on this as it would be a game changer.
I don’t see any seismic change in Irish politics re oil. The only light of hope I see is Michael Collins new independent ireland party. They could be the really big surprise of the next election . Now if they were part of a coalition and the greens done ,common sense might prevail.
Thanks for posting your views Swizz. Suing the government under the ECT, and to reverse BOE in would be 2 bites of a very nice cherry. Given a successful claim now by LOGP, I suspect the government would think twice about reneging on the licence again if the LU decision is ever reversed. There’s a chance that they could be sued for a billion second time around. There’s a chance the government may see sense a reverse it before LOGP make their ect claim, but something tells me they won’t be savvy enough to do that, not with the current minister at least, who is so dogmatic he will put principle before business sense.
Once again, Swizz, thanks for your observations and the time and effort involved. It is good to hear from someone who can speak with rather more assurance than the rest of us. I think Flombo will feel a bit better about things after reading your comprehensive post!
Thank you for posting Swizz. A very interesting read. Hopefully they will be able to raise the money needed to take a case against the Irish government. Perhaps a number of investors, each willing to take a relatively small punt, knowing the return would be massive if things worked out. A reserve takeover in the near term would be even better. As I mentioned before, the option of been able to take a case against the government is very good leverage for Larry Goodman when it comes to reinstating the licence for Barryroe. The legal action is Lansdownes Ace when dealing with Larry Goodman. Politically, Barryroe may be raised in the upcoming European elections, which should put some pressure on Fainne Fail and Fine Gael were it to be raised by the other candidates who are running. It is hard to know what will happen really. As Lansdowne have said in their last RNS, there is no guarantee that they will be successful so it is up to everyone to decide themselves. Wishing everyone the best of luck
Last post: beardozer, 16 Mar 2024 15:31
I hope swizz's very erudite post has reassured you. My understanding of a binary bet is you either lose your stake or win big time! Funnily enough, before swizz's post appeared, I was extolling LOGP's potential as a 50-bagger elsewhere. Naturally, I was shot down in flames. Obviously, time is money and the case could drag on but, equally, LOGP could return to AIM with a bright future.
Last post: Flombo10, 15 Mar 2024 18:54
It’s a binary bet ! maybe you could explain that to us stupid people ,in relation to logp
Funnily enough, I was thinking the same about you! Just goes to show how unrepresentative of us all these exchanges are!
I repeat: it's a binary bet!
Patronising arrogant individual ,aren’t you
You're far too clever for the likes of me! And obviously lack a sense of humour. It's a binary bet. I'm in.
Beardozer, I don’t think you understand the concept of sites like this !!!
I have no doubt there are other people like myself on here who have a decision to make in the next few days ..
whether to stick or fold ?
Whether to grab a tax loss now or lose it for a decade ?
To calculate the chances of legal success?
That’s the point of these sites, to put forward different views. You don’t have to read them if it upsets you .
You think there is 99% sure of success
The legitimate point I am making is that the market and legal funders ,for that matter , obviously don’t share your view .
Barryroe management were sloppy. They turned down an offer from logp for reverse takeover which would have had Ryan facing a possible legal bill of €1b instead of €100m
More importantly, they didn’t cross all their t’s . They should have implemented some financial engineering to satisfy the net tangible asset requirement. They did not and gave Ryan the opportunity he wanted .
A scenario like the following could easily arise in the next year or do :
Eog agrees farm out with vermillion and minister has to make his decision on licence to drill.
If he turns its down , brilliant news for logp as vermillion easily pass the net tangible rule.
But if the minister permits the licence, what then for logp legal case ??
99% sure !!!
Started: Mamms, 13 Mar 2024 10:53
Last post: Mamms, 13 Mar 2024 10:53
Trading stops on 21 March 2023(at which point, the register of shareholders in the event of a compensation payout will be set). Some have said there will be a secondary trading window somewhere but that seems unlikely - you'd have to believe BOE will somehow reactivate and/or LOGP is readmitted to the aim. Looks unlikely. I think anyone who stays in now will be in for the long haul. It's a long term punt that is taken out of your hands insofar as you can't decide in 6 months, 'Oh, I'd like to cash in my LOGP shares now'. Might be a stampede for the door next week or who knows, maybe some gamey lad or lady will hoover up all that's going before the watershed.....