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Anyone know if Oasis Management had held that 21m shares prior to all this nonsense or if that's a new investment? Only pocket change for them at around £50K, but interesting that they're taking an interest at this stage if it is a new play.
Because an offer has been made the takeover code applies, which requires disclosures to be made. The 8.3 disclosures are necessary for holders of 1% of shares or more. The 8.5 ones are 'exempt principal traders', effectively dealers with some indirect link to company or offeror requiring their trades to be disclosed.
I'm a bit of a novice. What do all the daily RNS notifications mean?
That wasn't after-hours trading, it was someone dicking around with the wide spread of 24-33. Nothing to see here.
Nice +42% after hours 42% is nothing for a nano cap company.
Just to see who has done what in one go for future ref. If anyone has more please post. May help some with future investment decisions. GLA.
Lufthansa
Germany's flagship carrier in August signed a letter of intent on the production and supply of SAF with specialty chemicals firm HCS Group. Production in Germany is set to start in 2026 with a volume of 60,000 metric tons per year.
The carrier in 2022 strengthened its SAF partnership with OMV, which also supplies the biofuel to Austrian airlines at Vienna International Airport.
Norwegian Air
The Norwegian carrier in April partnered with a local producer of electrofuels, Norsk e-Fuel, to build a SAF production plant in the country. The plant is scheduled to be operational in 2026 and it should secure about 20% of Norwegian's total SAF needs by 2030.
Ryanair
The Irish airline in October purchased 500 metric tons of SAF from OMV , as part of an MoU to buy up to 160,000 tons of SAF over eight years starting from 2023.
Ryanair also signed a supply agreement with Shell in December 2022, to buy 360,000 metric tons of SAF from 2025 to 2030, a fifth of what it needs to meet its target to power 12.5% of flights with the fuel by 2030.
It has struck similar deals with Spain's Repsol , set to supply up to 155,000 tons of SAF between 2025 and 2030, and Finland's Neste , which powers all Ryanair's flights at Amsterdam Airport Schiphol.
Wizz Air
The budget carrier said in April it would invest 5 million pounds ($6.1 million) in biofuel company Firefly, expecting to supply up to 525,000 metric tons of SAF to its British operations from 2028.
Virgin Atlantic
The British airline partnered with Neste in 2022 to acquire 2,000 metric tons of SAF.
In December last year, it agreed to buy 260,000 tons (85 million U.S. gallons) of SAF from Gevo by 2030, via a joint venture with U.S. airline Delta.
FACTBOX – European airlines secure supplies of low – carbon jet fuel
28 Nov 2023
Nov 28 (Reuters) – European airlines are ramping up investments and signing agreements to secure supply of sustainable aviation fuel (SAF) needed to meet targets set by the European Union aimed at curbing the aviation sector's carbon footprint.
The adoption of alternative fuels made from bio-based materials could cut carbon emissions by up to 80% compared to conventional fuel, and is seen as a route to help the sector reach its net zero emissions goal by 2050.
On Tuesday, Virgin Atlantic will aim to highlight the importance of the alternative fuel's use with a 100% SAF-powered flight from London to New York City.
SAF currently makes up less than 0.1% of aviation fuel used globally and costs three times as much as regular jet fuel when made from waste oils, but other versions made from green hydrogen can cost more.
Here are some deals signed by European airlines so far:
Air France-klm
In November, the group invested $4.7 million in DG Fuels' SAF production plant in the U.S. state of Louisiana, a step towards its target to use SAF for 10% of its flights by 2030.
It also said on Sept. 18 it had signed a memorandum of understanding (MoU) with Austrian energy company OMV to buy more than 300,000 metric tons (100 million U.S. gallons) of SAF by 2030.
The deal was followed by an offtake agreement for OMV to supply the airline with 2,000 metric tons of SAF in 2023.
Easyjet
In September 2022, the airline signed a five-year SAF supply agreement with Q8Aviation, the jet fuel unit of Kuwait Petroleum International.
Finnair
In June 2022, the Finnish carrier signed a five-year deal worth $192 million with U.S.-based renewable fuel producer Gevo to buy 21,000 metric tons of SAF per year from 2027.
Iag
The owner of British Airways and Iberia in August signed an agreement to buy 14,700 metric tons of SAF in 2023 from U.S. energy firm Phillips 66 .
Microsoft was also involved in the deal as part of its efforts to cut carbon emissions of its business travel and air freight.
In November 2021, IAG and Southwest Airlines jointly agreed to buy nearly 920,000 metric tons of SAF created from woody biomass in Mississippi.
Under the deal, IAG will buy 220,000 metric tons of SAF over 10 years starting 2026, while Southwest will buy 670,000 tons over 15 years starting from the same year.
Icelandair
The Icelandic carrier in March said it had signed an MoU with green hydrogen developer IdunnH2 for the use of up to 45,000 metric tons of SAF from 2028 onwards.
Jet2
Britain's Jet2 said in April it was making a "major investment" in a SAF production plant in northern England, with production expected to start in 2027.
However, I also have a Spread Bet position @ 0.231p for 1000ppt. I'll take a hit if/when it fails But upside.....Grrrrr!!
Draxx, i could be mistaken as it does happen, from time to time, but I think we've conversed over 2 years ago when I joined this chat to hear the absolute drivel coming from others about how great this stock was and even then i said, it's worth 1p!
If there's a way to find my posts feel free to.
I'm actually the life and sould of parties as I'm a mobile Karaoke Genius :D
I also give stock advice.
Virgin Gal, Robin Hood, Fuel Cell.......
I have others but you gotta pay. :D
I bet you're fun at parties 🥺
The entire market is in decline around the world for the last 3 years. The cost of living crisis and housing bubble about to crash again, all the while WW3 dominates the news and you're going on about Poor Management at VLS?
It's not even a Penny stock. By the end of 2019 it's was practically bankrupt.
Only Fools and Gamblers are playing this game with VLS. It should only even be considered a viable stock around £1.
Only buy what you can afford to lose.
THINKS IT WORTH BUYING 50 MILLION
IMO its a fair punt at this price good luck all
VLS really messed up, so many CLEANTECH investors out there but no one was interested here.
Perhaps the bosses paid themselves some tasty bonuses knowing the end was near. A nice "legal" way to get out with their pockets full. In an ideal world, an investigation that could lead to fraud, would be spectacular. How a remuneration board could approve over a million quid in bonuses for two people when there is virtually no revenue or cash runway. I wonder how many stock holders are left, retail together with institutional. Is there any way of finding this out?
It's staggering how poorly the management have performed here. At the very least I hope their reputations are in tatters and they've had a few sleepless nights. Our money is gone and they have fat bank accounts, which doesn't sit well with me.
It's a sad state of affairs that in the week that there's the Alternative Fuels conference in Dubai, attended by global players, and the first SAF Transatlantic flight takes place, with all the talk about the need for SAF and how the govt is supporting the development of SAF plants, VLS is trading at a discount to the offer price of 0.25p and is on the verge of disappearing. Such a shameful indictment of the failure of the management team to take the potential this company had and flush it down the toilet, along with millions of pounds of investors money.
Rainman7 Yes,small investors/shareholders have to sell. No option
Opportunity for VLS but does BoD do anything to grab it.NO.
Not enough avaliable- SAF currentl as mentioned in this news.
Https://www.bbc.co.uk/news/business-67548961
The first transatlantic flight powered only by alternative fuels will take off from the UK on Tuesday morning.
Operated by Virgin Atlantic, it will fly from London's Heathrow to New York's JFK airport at 11:30 GMT.
Airlines see the flight, which is supported by government funding, as demonstrating that a greener way of flying is possible.
But a lack of fuel supply remains a challenge, while other technology will be needed to hit emissions targets.
The flight is a one-off of its kind so far, and is not carrying fare-paying passengers.
So-called sustainable aviation fuels (SAF) can be made from a variety of sources, including crops, household waste and cooking oils.
For this flight, a Boeing 787 will be filled with 50 tonnes of SAF. Two types are being used, with 88% derived from waste fats and the rest from the wastes of corn production in the US.
Following test and analysis, the flight was approved by UK regulator the Civil Aviation Authority earlier this month. A number of companies have been involved in the project including engine-maker Rolls-Royce and energy giant BP.
The aviation industry is particularly difficult to decarbonise, but airline bosses view SAF as the most effective tool available to help bring its net emissions down to zero.
Planes still emit carbon when using SAF, but the industry says the "lifecycle emissions" of these fuels can be up to 70% lower.
Shai Weiss, chief executive of Virgin Atlantic, said the airline's flight on Tuesday was "proving... that fossil-derived fuel can be replaced by sustainable aviation fuel".
"It's really the only pathway to decarbonising long-haul aviation over and above having the youngest fleet in the sky," he told the BBC's Today programme. "It is a really momentous achievement."
However, he said there was not enough SAF currently. "The issue is how we get enough production here in the UK as part of an industrial revolution and more importantly around the world."
He admitted that due to the fuel being more expensive, flight prices would end up being higher.
SAF is already used in small amounts, blended with traditional jet fuel, but accounts for less than 0.1% of the aviation fuel consumed around the world.
It currently costs more than kerosene, and relatively small amounts are made. Aircraft are usually only allowed to use up to 50% in a blend.
There are no dedicated commercial SAF plants in the UK, although the government aim is to have five under construction by 2025, supported by grant funding.
Big day for saf
Those are sells not buys; final position 0% if I'm reading correctly?
Money go to you automatically but must wait for all process completion & sale to clear OR sell now and have cash straight away.
Like company say any alternative fu ding "unlikely" and lookike only hope is sale at 0.25p or Administration.
My holding is MATD which is oil but shame alternative fuel company get so badly run
In a scenario of a buyout / takeover happens do the small time shareholders have to sell their shares ?