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Christ. These shares must be tightly owned by a small number of people!
3%
Prophet Nazareme, has a ring to it
Lol
SXX won't fall out of the FTSE just the FT250. There is no direct correlation between AIM and the FTSE. You have to apply to enter or be removed from either if the company so wishes. The AIM market is less stringent than the FTSE. Indeed there are some companies on AIM that are bigger than some FT companies. There are 7 companies in the frame to be removed fro FT250 at the moment, SXX is the most in danger. The next is Riverstone Energy at 421 million mcap. SXX is bottom at 251
No company can have an effect on the mcap unless they issue new shares at a discount to the current sp which means the mcap goes down. Buying back their own shares can possibly have a positive effect on the sp if they are actually making money. Funds will start selling out of companies that are in danger of being relegated each quarter from the ft250 basically because they have to to maintain a funds performance. Same with the ft100 if they track that. This means a share goes down even more once they are relegated as funds are selling out.
The best investment quote I've seen comes from the legendary investor Peter Lynch - "The greatest advantage to investing in stocks, to one who accepts the uncertainties, is the extraordinary reward for being right". Hope it applies here!
"UK power stocks surged on reports that the European Commission is set to reinstate a multibillion-pound scheme called the GB capacity market — the main government policy for “keeping the lights on”.
As part of the scheme, the UK government pays energy companies extra to prevent blackouts by making sure there is enough reliable electricity supply during times of high demand. So far it has paid out almost £6 billion in contracts, but the EU, which approved the market in 2014, reversed its decision last year while it investigated concerns that it breached rules on state aid.
According to reports, the commission is set to announce a final decision soon, possibly later this month, which would confirm the compliance of the British plan.
Payments which have been deferred while officials investigated the matter — thought to be worth £1 billion — would be released, although future aid might have different conditions attached.
That would be good news for SSE, which has told investors that it was owed £148 million from the scheme since its suspension. SSE shares rose 22½p, or 1.8 per cent, to £12.53, while Drax Group, which analysts believe is due about £75 million from past payments, jumped by 34¾p, or 13.9 per cent, to 285¾p"
I would want some of this! Great arena to be in at the moment
I'd be long gone b4 it hit 50p lol. I'm not greedy. Freedom is 3p !
My original estimate for the sp based on Islandmagee alone was around the 3p mark, something almost achieved back in January based on nothing but hot air! I guess it's gonna be hard to calculate the value added here from another 2 mooted projects let alone owning the means to construct a multitude of further infrastructure projects. The mind boggles. 3p is enough for me
My original estimate for the sp based on Islandmagee was around the 3p mark, something almost achieved back in January based on nothing but hot air! I guess it's gonna be hard to calculate the value added here from another 2 mooted projects let alone owning the means to construct a multitude of further infrastructure projects. The mind boggles. 3p is enough for me
Is that an hay bale?
Mate. You couldn't figure out how the HW employees would be paid earlier in the week. Took me all of 5 mins using something called Google. I take all your midas/de-ramp statements with a very big dose of salt cavern remains
Odds on a positive buy tip on the weekend papers? Obviously not the Sunday Fail which gave us a negative tip a few weeks back. Surprisingly it wasn't really that detrimental to the sp. I was also encouraged by the volume of trading on Wednesday after the rns. Shows how much pent up demand there can be on this share when news flows.
Have a great weekend and hopefully more good news next week as it's my birthday.
Spud, plumbing the depths of depravity as usual ;-}
All employees are entitled to claim from the Department of Business, Energy and Industrial Strategy a guaranteed payment from the government while the company is in administration. This is currently capped at £525 a week. If you are made redundant then a statutory amount is paid from ni funds based on salary and length of service. INFA won't be paying salaries from day one as they haven't bought the company yet. So stop trying to de-ramp the company and move onto a company you're actually invested in
Almost 10 times normal volumes today. Hoping further good news keeps the momentum up
You got any positives then JR only I've never seen you contributing on this bb before
Lol
Yeh right ;-) Quite an unexpected turn of events today. I could list the positives yet again but you have to be stupid to not realise what's going on here