Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Volume back today, buys over 20p being marked as sells. Someone loading block numbers, thought this would move on this volume, but maybe a bit more to push past 26p.
50p by end of Q3 still on.
Loves a wind up, if it goes to 12p you can have my shares, but it is not so you will not.
My prediction, it sees 50p before 15p.
Stabilised but unfortunately the volume has dried up again. This will move again but need a catalyst to get it going. Let the impatient out here its fine we'll be richly rewarded IMO.
The trouble was where the news was delivered. It was valued silly cheap anyway around 10p then the news comes people jump in and it sees 25p. Great. But it is still massively undervalued on A. Original Cash position B. The JAPEX Deal.
People are just naïve see a 150% rise and it doesn't feel right to buy even though it is still undervalued, it then fizzles out. We also contended with FID selling their 10% even though Bruce took 3% of that back personally.
If the news was delivered at a more realistic SP of 20p (£12M MCAP) then the news could've pushed it quicker and rightly to 50p (£30M MCAP).
Eventually the market will get there but there will be speed bumps along the way. A successful Velocette drill (should) see this back to min IPO price of £1, and we should know in the next 4 months (maximum) I'm willing to wait 120 days for a 5X return.
Not forgetting the $100m loan facility. It is actually bonkers how a £5m company the size of longboat has pulled this off.
You have completely misread the RNS.
They don't own 49% of the PLC, there is not an additional 57m shares.
I think they have given themselves another 3 months breathing room by saying during Q223 but still the disconnect is massive
If your invested I strongly advise you finding the article. Not sure why they are so strict in 'this is solely for individual use and not to be distributed anywhere'.
They actually seem to give a better breakdown than the BOD of Longboat via RNS. The parts that stood out for me was a 17p valuation Kveikje where they expect monetisation of that asset in Q223.
I would hazard a guess that the valuation has been muted by Equinor. Who knows anyway. Try and read it if/when you can try on a laptop if your mobile isn't working.
110p reiteration SP Target, maybe in 24 months.
second one down Ash, posted yesterday.
https://www.auctusadvisors.co.uk/research-portal#/portal/Auctus-Advisors
This on the other hand makes very good reading. Depends what you read, when you read it and the interpretation of the reader.
Nobody can take you serious. Have you seen the market today, 2% down probably in the top 10% performing.
Joker
Book closed, hopefully a nice statement 7am tomorrow and trading resume. Fingers crossed
The wrong RNS is the fault of the LBE BOD not Blackrock.
Although I agree with most other points.
Amateur hour, looks like they have submitted the wrong pdf and the RNS released is from the back end of last month. FFS.
They will need a certain volume of buys to sell into I should imagine. Nobody buys it just prolongs the sells rather than stop them. I'm keeping an eye. When they're <3m whatever the price i'm ready to buy.
There just doesn't seem enough appetite to be able to take the sells from BR. Until they're done this will head south. It will bounce at some point but I wouldn't be using any of my dry powder when at todays TR1 they still have over 6 million shares.
I think they've roughly sold 700k today so on that basis it is going to be at least another week of pain. I never understand II's and that they seem willing to part at any price, guess they make too much monies elsewhere and as you say it is 'forced due to mechanics' rather than a common sense approach.
I enjoyed the presentation earlier, no new news but as a potential investor it made me slightly more confident about the financial direction of the company than I was before it.
I want to invest but BR are making it hard atm. I think it possibly see <12p by Friday/Monday.
Maybe have a look @ MOEX in general.
https://uk.investing.com/indices/mcx
& Now down 9%. URGH!
Lull, no news 20% rise @ 14:30.