Member Info for ALGU

Further to discussion from others here on the preference shares - I hold LRES (legacy LOGP) in my ISA as well as GIA at Hargreaves Lansdown, and Irredeemable Preference Shares have now appeared in each account. Each holding of pref shares is the same number as my original LOGP holdings in each. I also subscribed for additional shares in the new LRES. Whilst hard to know how these will be treated at the point of any potential payout, it would appear for the time being these pref shares can be held in an ISA

Something going on? 118p and rising...

UBS and Barclays both upgrade WOSG today

If buchan gets the green light how long till it's pumping oil? I thought it was at least 2-3 years, and FID is going to take some time anyway, meaning we're almost at 2030. JOG has enough cash to last till then. While it would have been great to see EPL scrapped today, it doesn't actually impact JOG for a few years

I figure he knows more than the punters who caused this to drop 20% yesterday...

The SP has been driven down last few months on delays and poor sentiment but only very recently it was rising through 2.25p.

Then there was the massively discounted share raise where the SP went from c.1.4p to 0.8p overnight - but that was not driven by fundamentals, it was investor pressure and the workings of AIM fundraisings. MB went on record to say he and Petrovis had been happy to do it at the prevailing price but other investors insisted. So it strikes me the gap up to 1.5p or above really should be playing through now. The irony is, if today's results had been announced when the SP was 2.25p, the SP probably would have gone up from there!

Good rise off the back of some positive weekend press. Imagine this could keep moving in this direction until the Budget. It's no guarantee with this govt, but may sense eventually prevail...

Good day for FEVR, nice to see the buyback extended. If all continues in this direction I wonder if Coors could ultimately snap up FEVR....

Looks like US open has put a rocket under this!

Seriously schoolboy

Tony Blair questioning Labour's net zero approach, he says targets will impact ordinary people while making no material difference to global net zero levels. The needle is turning..slowly...

Big day from III, v nice to see

Feels like this wants to get to £4 before results in a week. I wouldn't be surprised if there was then a short pullback after results (even if they're good), probably plenty of profit taking around that mark, but then followed by renewed momentum and all being well £4.50-5 by H2

Is there any incentive to hold on now until the deal goes through, e.g. chance of an improved or competing offer coming in? It doesn't look that likely - makes me think cashing out today not a bad idea

Indeed, but given they're UK focussed let's hope the alternative doesn't appeal for different reasons

Removal of the allowance would pulverise most UK mid-cap producers. For the likes of the super majors it will hardly make a difference. One hopes sense will prevail but unfortunately sense is the one thing that seems to be lacking.

JOG already have the licence so it's hard to see how that angle defeats the project, this is more about whether NEO and Serica want to stump up the capex, only they will know. It's a great shame that such potential value might be wasted because of all this.

That said, NEO and Serica did farm-in for a reason, and if there were a multitude of more attractive other projects out there, they wouldn't have come to JOG. Yes, they could back out, but where would they go. It makes you wonder whether they might still proceed, even if the economics aren't as attractive as they once were

A lot of takeover talk in the wider market recently. Could Ibstock be on someone's shopping list? Big end of day jump here

Wouldn't surprise me if another bidder comes out of the woodwork. 2024 so far has seen huge bidding activity across depressed valuations

Serious momentum here and serious rerate ongoing. And yet this has serious legs still comparing where it's got to in the past

Initial reaction last night was bad, given we'd all hoped to get the approval in place before the next general election. But on reflection, a sooner election forces labour have to come up with an energy policy that doesn't alienate voters and at least brings the matter to a head - while before it felt like death by a thousand cuts.