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His real cost is 0.07 or 0.08p, as its tax deductible. I would imagine he was forced into it by the new Nomad. Many new issues/placings are oversubscribed, with a high percentage going to those looking to flip them for a quick turn. It has put no floor on the stock, rather, a very large ceiling imo.
Would anyone be kind enough to provide the link please?
I'd be surprised if they did. Most of the strong easter would have been down to physical presence in stores in my opinion, which is not where vs are at.Being a contractor/supplier at John Lewis is not very renumerative, given their 'never knowingly undersold' mantra. Tough to see vs earning significant sums with them.
But he havnt we seen this before? AIM company runs short of cash; AIM company releases some positive RNSs with no figures attached, share price rises a little, AIM company issues deeply discounted share issue.
It seems that almost every single day, there is a seller in round lots of 1,2,3,4 or 5 mln shares.
I agree the certificate matters. My point is that whether it was October or November doesnt really matter.
This is Africa, where nothing ever happens on time. October/November, doesnt really matter in the big picture.
No, sorry Mayfair. I only read the physical copy. Maybe try Stifel/Oriel or the company?
There is broker coverage from their new Nomad, who issued an extensive research note in early Feb and a smaller one a month later.
Thanks Mayfair. That looks interesting, and I think I read somewhere that they are doing a presentation at Lloyds, so presumably feel they have something to offer in that regard. I would be curious to know what the annual insurance premium is for one of those jumbo rigs you see pictured, and whether Lloyds underwriters would pay for any VAM jobs, or whether they would give discounts for those that have had it done.
Mayfair. How would R2S help with insurance? I can see the attraction for other areas, but don't understand the insurance angle.
Its actually 60p, but I take your point. Having read the article, I disagree with his valuation of R2S. He says its worth £22.5mln (40p per SEA share). I think its worth double that.
Thanks bopd. So your job is to talk it down until the mystery buyers can load up at the Remp level? or do you mean looking for gas at 7H? Or do you make it up as you go along? I dont quite know how anyone will buy any size in this. I tried to buy 20k at 33p for most of the afternoon, and didnt get any. Its just too illiquid.
This is worth a read, particularly the bit about Otto expanding in the North Sea. https://www.rigzone.com/news/oil_gas/a/134026/Otto_Marine_Secures_404M_in_Charter_Contracts_for_OSVs_in_1H_2014
Oh yes, the much talked about Remp level!
I am wondering why Otto signed up with SEA. They are clearly a much larger company, and not only that, they have accepted being the junior partner with 49%. It must, imo, be down to a strong hint of some work from EDPR.
Company seems to be strongly growing; share price is extremely dull. Go figure.
My question remains.How can anyone buy a large amount at 29p, or even current levels? Its just not liquid enough.
bopd. I would be interested to know how you think there will be massive buys at your laughable 'Remp level'. I tried to buy £5k's worth today and couldnt. You give the impression that you know something here, but I've never heard so much cock and bull.
I see. So buy at 30p and sell at 36p is your cunning plan?