Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Chrysaor is not a better outcome for shareholders and is plan B. It is worse than plan A and it can only come into picture if plan A fails.
Trying to have a day off here, but for what it’s worth I personally expect Glen to be in favour of this proposal (although whether he campaigns publicly or not is another matter).
Remember, CEOs of FCA Authorised firms have far less power than non-regulated firms, unless their board is strongly aligned behind them.
Amigo’s strongest period was when Glen was CEO of Amigo U.K. and I was CEO of RG (holding co). This recreates that dynamic.
Glen can not do what he needs to do alone.
Best case scenario:Roger and Nayan were on their way out anyway, new board are fully supportive.
Worst case: they aren’t and no one has the guts to stand up to them.
A month ago when brent was $ 40 and Pmo sp was 45p, now brent is 44.50 and pmo sp is 34p : - (
# Loss after tax for the period of £27.2m, (2019: £88.6m profit)
# Board notes that a material uncertainty exists relating to going concern due to Covid-19 and the potential for either a sustained high level of customer complaints redress or a negative outcome of the FCA investigation
# All new lending temporarily paused on 24 March 2020 in response to Covid-19, except to key workers in exceptional circumstances
# Formal sale process (FSP), launched in January 2020, terminated following withdrawal of potential acquirer. A strategic review is ongoing
# Post-year-end agreement reached with FCA on resolving complaints backlog by 30 October 2020
# and FCA investigation into Amigo's creditworthiness assessments initiated
# loss after tax for the period of £27.2m, (2019: £88.6m profit)
# Board notes that a material uncertainty exists relating to going concern due to Covid-19 and the potential for either a sustained high level of customer complaints redress or a negative outcome of the FCA investigation
# All new lending temporarily paused on 24 March 2020 in response to Covid-19, except to key workers in exceptional circumstances
# Formal sale process (FSP), launched in January 2020, terminated following withdrawal of potential acquirer. A strategic review is ongoing
Post-year-end agreement reached with FCA on resolving complaints backlog by 30 October 2020
# and FCA investigation into Amigo's creditworthiness assessments initiated
Don not underestimate OPEC cuts of 10m bopd. Oil has been doing really well since. Can't see WTI under 40 for long.
Revised cash payable at completion of the proposed BP Acquisitions is anticipated to be $210 million and is expected to be funded with equity.
Does that mean huge dilution on top of 8.91% shares to ARCM deal?
This is going to be over a £1 today once the 73p is gone. Gla
“Market and economic turmoil, slow-moving courts and challenges at some of our shareholders — have made the rehabilitation of our share price more difficult in the short term,” surmises Burford Capital (BUR) in its long-delayed full-year results, released this morning. Those comments are included in another missive against last summer’s “short attack” by Muddy Waters, which now extends to bemoaning the response of both the London Stock Exchange and the Financial Conduct Authority. Numbers were largely as flagged, though total comprehensive income is down 43 per cent to $195m, while operating cash flow was again negative.
https://www.investorschronicle.co.uk/shares/2020/04/28/news-tips-hsbc-m-s-burford-capital-more/
I'm predicting the Saudi's OSP (official selling price) for April deliveries going to be $40 for brent. The OSP will be announced after opec meeting. And what are your thoughts guys on tlw's SP based on $40 brent? Ta
https://ugbusiness.com/9091/uganda-and-oil-companies-reach-deal-on-tullow-farm-down/amp
Wrong board mate. This is not Tullow.
https://www.ig.com/uk/news-and-trade-ideas/bp-vs-shell-share-prices--is-now-the-time-to-buy--191001