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Copy and post to your MP if you agree and switch from Shell to BP first thing tomorrow!!
Please read and send to your MP if you agree
“Dear
This is TOTALLY UNACCEPTABLE PROFITEERING - yes the oil is cheap at $28.50 a barrel but it sends out the WRONG MESSAGE and puts millions in the Kremlin coffers.
The British public are 100% behind Ukraine whether petrol is £1.50 £1.80 or £3 a litre or the pumps The sanctions need to go harder and faster - why have Visa / Mastercard allowed cards issued in Russia and used in Russia to keep working.
Unless we go so hard and strong Putin will hang on - his people need to depose him - we have got to get over to the Russian public what they stand to lose unless the war stops and the troops go home.
Boris needs to sanction Shell on Monday.
I trust you will raise this in the house - half hearted appeasement for corporate gain will not win you votes or minds
Yours sincerely “
When the market opens tomorrow I will sell my whole holding in Shell in protest at their profiteering by buying cheap Russian oil - business requires principled investors.
Also write to your MP to ask for Shell to be sanctioned and don’t fill your car with fuel tainted with Ukrainian blood
It says a lot about a company that is investing in the companies of tomorrow when it decides to buyback its shares at in excess of 110p for them to be worth 103p less than a week later. its the equivalent of having a bundle of £50 notes and setting fire to them.
Then we come to some of their holdings - take Deep matter - look what has happened to the share price there - avoid!!
7 and a half days to wait / build your holdings
https://www.investegate.co.uk/ftse-russell/rns/ftse-uk-index-series-quarterly-review-march-2021/202103031718580910R/
https://www.independent.co.uk/news/world/americas/elon-musk-tesla-texas-battery-grid-b1814270.html
It was flagged up weeks ago that this was coming - the only bit that was annoying was the use of Primary Bid - so only the sharpest PI's got their allocation - traditional fund raisings cause the price to stagnant for 4-12 weels the blessing here is it was fast and expected. The sp will move up onvce we are notified that we are in the index - patience is a virtue and this is a chance to stock up - don't put a stop loss in or you will be robbed DYOR
Thanks for providing the info that Schroders have taken a position in the company.
Someone needs to tweet PW and let him know our website is not being updated - something useful for Choo Choo to do??
I will now assume that the 9% stake is also correct but has not yet been notified. This may well explain the sluggish share price as I suspect that Schroders are not alone in positioning their funds in ARB.
What holders have got to bear in mind is that at the end of this month we enter FTSE Small Cap - certain - if the share price takes off we will also gain automatic entry to the FTSE 250.
This may not suit the market insiders.
They like to load up before such announcements and then sell into them as the Tracker funds - who cannot buy as it would be ulra vires - are forced to buy once the Small Cap and 250 announcements are made. So I suspect the SP will be suppressed till March cut off date and that they definitely don't want us nudging the 250 as they will repeat the process in June - unfortunately BC rising may upset their plans / as would PI's piling in now - bit of a reddit situation!!
We will clear 350 in early April IMHO as the trackers cannot afford not to be underweight with ARB as it will prevent them from tracking accurately
This week a relative was chatting to an acquaintance and Argo came up in the conversation. Said acquaintance an NED said " Oh we have a 9% holding in that company". I have searched the official notifications but cannot find that the market has currently been advised that Sc*r**e** have disclosed this holding. Does anyone know about this - were they involved in the placing and have now moved the holding on or are they the managers / brokers for any of the notifiable holders listed below. Any facts to corroborate or dismiss this rumour much appreciated. Notifiable holdings as far as I am aware are:
First Investments Holding Ltd Ordinary Shares: 41,100,000 % of Share Capital: 13.99%
Hadron Capital Ordinary Shares: 13,548,000 % of Share Capital: 4.61%
Trium Capital Ordinary Shares: 9,750,000 % of Share Capital: 3.32%
Ironport Blockchain Financial Inc. Ordinary Shares: 9,000,000 % of Share Capital: 3.06%
Peter Wall Ordinary Shares: 570,000 % of Share Capital: 0.19%
London MMs are shi(a)fting the prices here to accumulate as much stock as possible during our trading hours to then sell them in the US for 15p more than they paid UK investors.
On Monday it will open high and then fall through the day with several rapid drops and rises to clear nervous investors stop losses. So IMHO sell first thing and buy back later.
On a serious point how are people voting at the General Meeting? The Texas deal in principle is a good idea but not paid for with shares valued at a £1.
Either a motion to renegotiate the price needs to be put down at the GM or we have to refuse to give up our pre-emotion rights . If he needs the finance ask the shareholders via a good old fashioned Rights issue!!
https://www.rns-pdf.londonstockexchange.com/rns/8521Y_1-2019-5-13.pdf
About 6 weeks - the market will process the new shares - it will either fall to 80p and you can buy at placing price or it won’t in which case PW got the money far faster than a rights issue - 6 to 8 weeks.
Here is the RNS
https://www.lse.co.uk/news/ARB/argo-blockchain-enters-agreement-for-gbp22-million-private-placement-ksv4a3dsxfjs3xh.html
PW got 133% more than I thought he could!!
Crystal Ball - my post of 28th Dec - barely 3 weeks ago- no one can say they weren’t warned!!
Rights issue / Placing28 Dec 2020 19:38
This
Might be the mechanism to keep a cap on the share price and make sure the benefits of rise in BC go to management / insiders rather than ordinary shareholders.
So my guess - share price opens 30p rises increasingly rapidly over morning to 80p - then suspension pending an Open Offer at 35p trebling share capital and announcement of listing on NASDAQ.
Well that is what I would do if CEO not to mention grant all the mgt employees a lorry load of options at 20p
All