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There's a rns out, intention to float, not showing on lse at the mo
"The Company has made significant progress in the Admission process and anticipates that subject to shareholder approval it will take place during Q4 2021."
What this will mean for existing shareholders I guess we don't have too much longer to wait!
https://www.investegate.co.uk/nu-oil-and-gas-plc/rns/intention-to-float/202110190700074376P/
Its good news but intentions are not necessarily results. We all hope that this new time line will be honoured but 4th quarter is pretty vague really.
Why is the RNS not showing up on LSE?
Kmack,
It is not an RNS. It is "merely" something they have chosen to publish, and through that channel which is open to them.
Only quoted companies on appropriate markets can access the regulatory news service.
Whilst it doesn't say anything previously unpublished it does at least say "still trying" and add a new hoped for date.
Zzzzzzzzzzzzzzzzzzz.....................
Hello Ying this must be the first time I have to disagree with you. The link clearly states an RNS number.
https://www.investegate.co.uk/nu-oil-and-gas-plc/rns/intention-to-float/202110190700074376P/
It does however, seraching for that RNS number brings nothing back een on the LSE site, so it is a bit odd.
Fact is this declaration is what one would expect just before the prospectus is published and as the timescale has been set for floation in Q4 it would seem likely that most hurdles have now been removed and we should expect the prospectus shortly.
This year has been a good year for IPOs
Actually I do see it now
https://www.londonstockexchange.com/news-article/market-news/intention-to-float/15178098
Spoke to my Contact who said Oct...the only comment i got from him was...in time you will be smiling...well i hope he is correct...he normally is.GLA
Well this sis a bit of light at the end of a very very long tunnel, let us see if it comes good, would be the first time!
Glad for an update and ignoring the past it does feel optimistic
Yes one must certainly look to the future...the past will do no one any good at all
Well the past can be quite telling that’s the thing, you wouldn’t marry a serial killer and just say the past doesn’t need looking at :)
No i agree...but we are dealing with different people now so one must try and bury the Hatchet
Kmack,
I am sure it won't be the last. :-)
It Is distributed through reach (as far as I can tell).
https://www.lseg.com/areas-expertise/market-information/regulatory-news-service/reach
Pedantically it is not regulated news (they are not currently regulated by anybody).
However I would have expected that to be clearer from the announcement.
It would seem that many services (like LSE) filter these out.
For sure Cattleman, getting a clean slate here would be fantastic.
Hi YingTong
Thanks for that. Just when I had the chance to read it I was saying to myself hang on an RNS means Regulated News Service and when I could not find it as part of the RNS list I started to think someone was p[lay silly beggers.
So is this for real then? Or just more make believe??
There is no firm flotation date and no prospectus, its plans as I see it, but that being said there was no pressure for Gary to come out with this statement if there was not some basis for optimism. He could have just said "sorry we are winding it up". So it sounds promising.
Yes but they were a public company listed on the stock exchange, now there delisted. There is no requirement to say anything. Big difference
It doesn't cost a lot to issue the reach.
But it does smell of optimism. I would expect the hope is the marketing will get it a little in people's mind before the prospectus.
The risk is it will go stale is the prospectus doesn't come soon.
Good news again after contact with the mother ship,all is well making solid progress through outer space,my clairvoyant has read the cards she said hold on your going to be very rich very soon ,best wishes all the have a great year,dyor.