No dates until results but can only be a positive. Look for others to dumplicate the news throughout the day and indicate end of bad news cycle.
If there's no truth to the rumour then they've been bloody awful investors to have been in this from the beginning. I fully understand pi's getting it wrong but Miton to be down 80% since the start would be embarrassing. If they haven't been shorting this during some point in the last two years then their clients ought to be asking why not!
perroverde, tbf, the incompetence was relfected in the fall from grace? Amazing thing is how the company is thought of as Hill and his teacup dog's personal project and has such establishment mates onboard as ii's in US as to make him almost impossible to remove. I;; health or self realisation is the only way for him to be gone. The minute he suggests a timeline the share'll add 25%. until then, brakes on...
LONDON (Alliance News) - Modern Water PLC on Thursday after market close reported a narrowed annual loss and believes it is well placed to turn to profit after achieving "significant milestones" in 2018.
Something seriously made an about turn in the last 3 months. I'd say the company need to start posting statements on the website or facebook or somewhere to explain a few things. Doesn't need to be an rns but no point getting a placing if we don't understand the point, beyond just keeping going!
Buying after the placing is a fair idea, though I'd question the shrinking of the company to its core assets, as those core assets seem to be producing as much as the non core, from what I can recall of the last few rns'?
Be really difficult to assess anything much here other than punting money on a coin toss as we've no idea how much the US company generates in leads and/or sales? Suffice'd to say that it patently isn't enough to keep the larger company going so selling off the assets (unknown value but can only be negligible?) isn't going to affect things.
Really need to hear from company what the point of the Sunup deal was as it promised a blossoming of the company and has abjectly failed, in spite of a year. If there's something still in the pipeline then they need to say so... also, how about those Sunup shares? Is their holding a tactic to take over the company?
Are they likely to provide further funding or is that going to come from a third party? who would get in with Sunup onbaord? And what would be the point of the funding if it was just to keep things afloat for a while longer? Little reason to offer the company more money without some goal in reasonable grasp.
All extremely disappointing and Gibraltar is so irrelevant at this point. Need to read about a future that has purpose and no more of the rns' stating they've just sold a £1k filtration box for a backyard swimming pool.
must admit, never understood why folk say anyone goes long AND short on a share, unless they'd want to just ride a drop but keep the shares for an eventual lift? No point, otherwise
I can't see any way of Miton making money from a drop when they've bought in on a premium.. Only theory that would fit would be if they were shorting ealier from 10p and took the placing to cover the short... but never seen any proof of that!
Miton must assume that the rise is a given (though why they wouldn't have renegotiated better terms after the placing was messed up is beyond me... noone does favours like refusing to make an extra 20%... that makes no snese for a publicly listed company with their own clients unless they though it'd damage their bigger holding further?
In any case, too complicated to really understand... and, as long as the sp rises guess they are fine with it and not making as much money! : )
gl with tomorrow.
lol... tiburn, what evidence is there for the 'distinct impression'? They haven't said anything except changed tack about the placing issue to take out the personal connection between the funders and the chairman and ceo.
That's not a positive, that's damage limitation.
Forget the holding rns'... what's needed is some proof of all this 'resolution of the (not at all just perceived but fullty fledged) negative aspects.
The shopping list is long and well known... I suspect the next news will be director deals, if they're allowed to, at this moment... other thing they could deliver easily is cash balance.
Everything else is only conjectrue imo. but don't knock a good day.
Wasn't attributed to anything, from what I can remember... if there was any way to connect it to INDVs drug, even if only anecdotally, that would be a real boost to the share but it'd have to be a publicly released statment from... somewhere!
Anything that gave a social 'conscience' to the drug instead of just relief/concern about the trail would be a true asset.
The question will be if the £500mill value when MTRO bought will still be £500mill when they sell it back... if it is then it'll be a good thing... if they take a £100mill hit then that'll take the thrill out of the results, especially as I don't see that the results can offer anything special or unexpected.
Continued growth in retail... placing fully subscribed... increased cash in the bank. Better be a good day...
evening. so some light relief! Good... now for the rns...
I don't believe the market gauges success of oil production in metres, when there's an acknowledged method of calculating assets? I seriously don't think peaking over the neighbours' fence is especially when there was supposed to be, was it 9metres (?) of oil in Mengo and it produced... erm...
Whatever the explanations, Sefton and Berwick still have to prove themselves, just as if it was day one of the ipo. The only good thing about the current situation is there'll now be an assumption that, as it WAS ipo'd at 20p and reached 30p it must be worth that at some point... until the rns comes out, optimism of what it might say will win the day... until the rns comes out!
good luck, all.
have to say this company has become a real pahnd shop of assets... looks messy and seems to be reflected in the sp. Only thing this is now good for is a small spike each time cannabis is mentioned... it's like musical chairs but with money.
Well, that turned quickly. Managed to sell at 2080... probably think about getting them back in the 19s. If it never gets there, breathe a sigh of relief that a trader got frustrated!
Gibraltar is... i don't know what but it's a million miles away, afaics.
Sunup promised everything and has delivered nothing... worse than that, their buy in price encouraged folk to believe this was going to open a new market.
The sales have been pitiful... everytime they've released news it's been for a pet cage sized something that sits on a roof and pulled in a grand!
Couldn't swear that the US monitoring is now anything more than basic, in spite of the connections. Proof of all this is surely in the sp.
Been a miserable experience and shrinking/selling off assets, while it's a positive, it's only a positive in the most dire situation... they obviously lose money and new money is still needed, not the staunching of existing money.
Sold out... if there's something good to come from this in the future, feel pretty certain that, even at today's prices, you'll get more for your cash.
As for Gib, fairly sure they won't lose sleep over MWG going to the wall, should it happen.
Added 20% (from a miserable historice low) since permit granted a week ago to continue developing BKM... slow and steady atm... next bit of news could see a nice bump... the chart shows it's got a lot of ground to make up.
Currently sitting at 5.1p
don't worry, no whe's in he'll do the same as May and try and suck up to EU while blustering about Brexit... it'll get put back until the 12th of never, he'll borrow sh**loads, make everyone feel good while taking a centralist ground while pretending that austerity was worth it... **** off labour as being old commies (true) and say 'vote for me... not because I'm great but because i'm a posh ruggerbuggger, I'm not a woman and I'm not a bolshevik... oh and...erm... churchill!"
and the twwattty british will fall for it and all will be as before, but with mogg spitting feathers that the workhouses aren't being floated as a ftse company...