Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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No - people got it into their head that they would arrive last Monday but they weren't "meant" to arrive. People are doing the same for this Monday. I didn't say they would arrive, I said it would rise in the expectation.
NO. I am either in or out on investments form 1 to 3 years.
So you are the one who is trading this ?
Weren't the results meant to be here last Monday???
I wouldn't be surprised to see a rise in the region of 10% today in the expectation of results on Monday. Should be a good day.
If you bothered to read my posts Ammu you would know am in here far to deep to sell , I would have to sell 10K every hour for a week . So your comments are not valid and not wanted.
Wongtong,
You sold out again ? Rinse and repeat ?
The 460k dept they will have to account for needs to be clarified, as the dept was only known about beginning of July you would assume from that this will fall into H2 2019 and is not been written of as of this time , with forecast for small profits for 2019 this is a blow you would hope that YU. already assumed this dept was not going to be paid and made allowances for it in there forecast but without clarification from them who knows and with a large dept such as this am sure they would of mentioned it ? and I am left wondering how the hell this bill was aloud to grow to such levels? could explain the large sells and the reason why they haven't published there update sooner.
With such a large dept owed to the company I am very disappointment they haven,t felt the need to inform the small investors or the market on how they are dealing with it , I thought them ways were left behind? not happy Bobby, if people are going to invest here we need complete transparency and proper accounting procedures then and only then will the business succeed .
Moneyspider, 460k is unsecured on which 35p to the pound is estimated to be recovered. Sub £1 was pre-FCA investigation ending.
Moneyspider what are you talking about? You have accidentally posted your ASOS comments here?
I think that they have missed the boat on a take over. Their revenue is slowing as they stated that sales are down and there is no profit yet. Can't see this as any value to energy suppliers as they will just hover up customers using energy brokers. The Bolton debt is a worry £500k off the bottom-line. I would have thought that this is material to their earnings and they should be informing the market. As I have said my target is to get in at under £1, then I think there could be some value in the longer term.
MKS, many thanks, am I right in thinking that they would still recieve approximate 32p in the pound as a tax right off etc for the 420k? so a 286k loss.
Maybe some of the unrecoverable debt would be covered by insurance
Unsecured amount is 460k ish right st bottom of article
Hardy I read that only 57k of that debt was unsecured or have I read the article wrong?
Agreed. Somehow I doubt the CEO will give this creature up so easily if it came down to it.
I guess it all depends. It is clear for all to see that the revenue is growing at a fair rate. Somebody might consider it sensible to take them out nice and early rather than paying for it down the line. I've thought this was a takeover target for a while so its interesting to see other people's thoughts especially the footasylum comparison which I made a few weeks ago also.
Taken over ? I don’t think we’ll see that for a year or so. If they keep building their revenue. More clients. Then it’s a target for a take over. When it has 5-10% market share it will have cross hairs all over it.
If true, I'd expect a holdings RNS eventually then
My opinion is this share will get taken out by the time it reaches £5-£6 by being consumed by a bigger fish whom I think keep adding with a bit here and there, same thing happened at Foot asylum.
Wong Tong,
The article is dated 09th July so today’s drop doesn’t make sense.
The mopping up has been something of a daily happening when this share retraces from the 190’s. Just something I’ve noticed after the May update.
You could argue that that Bolton went into administration 8 weeks ago so only 4 months of this year supplied possibly and most of the bad debt could have been put in 2018 accounts as they wouldn’t have used 520k in 4 months.
So for the sellers this morning mopped up in the afternoon very convenient.
to get this much money back they would have to sell 8,4 mil pounds worth no wonder there was a drop
Just saw those trades for 10,000 and 13,075. A great entry for someone. Friday RNS perhaps :)