Member Info for Blowntobits

Please read two posts below yours

Thank you, understood once I read the RNS in December. I have managed to adjust my (very) basic spreadsheet to reflect this. I have a question, WHY have they done this.

Also what is the effect, if any, on shares held in an ISA which is not set up for USD. The RNS suggests shares still in "nominal GPD, somehow I feel this will have a cost attached. Is this the start of transferring the listing to USA like happened to ABCAM?

I did yesterday and today up another silly amount, never going to call the top or the bottom, silly trying too. Still have a decent holding left. Over the 35 years I have been investing, I have been far to slow to top slice when shares are foaming madly. In the same way as one might buy up to 3 tranches on the way up, so generally top slicing should be a carried out when the portfolio becomes unbalanced. I am not bothered about "Fear of Missing Out", It is however good to see a number of shares at last breaking out and paying decent dividends again. My only exception is Rolls Royce, not buying or selling, a sit on hands job, just going to enjoy the dividends for years I hope.

Can you expand on the "Hugh positive news" comment please? Currently sitting on just over £7,000 cash loss, it's a very long road. The folks who have engineered this will make a takeover bid, I guess within the next 2 years as soon as the dust settles. IMO they will make a killing (as usual).

I have concluded that Oil and associated companies and companies often based in Africa can be full of uncertainties, possibly fraudulent activity by some standards, yet allowed by others, hard nosed businesspersons, poor contract writing and even less understanding of these contracts by the people who should spot the dodgy activities (by my standards). Vast fortunes have been made at the expense of small shareholders and the un-wise. Off the top of my head, Lonrho, Afren, Tullow Oil and now Petrofac. I am now being told that Airtel (LSE:AFF) are a raging buy. NO THANKS.

Made an opening position, close to par, seems that recent events are against me just now. The 4.5% is not a bad return compared to my building society or bank interest rates, wanted somewhere to park a bit of capital, HMG should be safe. Might be towards the end of year before inflation lowers again and further rate cuts oblige, things a bit tricky just now though. Anybody else?

I think this is the current thinking? If passed I suppose that 2.5% could be described as better than nothing?

"Current Shareholders

As a result of the Restructuring, including the conversion of the Group’s debt to equity, current Shareholders will be diluted through the resultant issuance of new equity in the Company, such that existing Company Shareholders will hold approximately 2.5% of the post-Restructuring share capital of the Company."

So, I wondered if this would have any comments. Decided with the recent fall I bought 50000 in at 27.3p. My first gilt. As legsofman writes will be long gone before par. Held in a Tax paying account, but capital gains exempt. Really decided to park some money for safekeeping just now, not sure how to read this year. I am guessing at this entry price downside is limited.

Well, I think this is the right word? I have just opened a position with JLEN. This could well be a great investment for income or I am buying into a wind down situation. Clearly a punt on interest rates, I also wanted to diversify my portfolio, a small but exciting sector (s) represented here. Am I deranged (again).

Caveat Emptor - for me means I will mostly be shafted when I play in the big Girls and Boys game. My hope for this one still is/was that this would be one of the big winners over the 15 year view I have taken, a rare beast these days. There have been a lot of what seem unfair to small investors in the last 5 years (Avanti or Abcam come to mind just now, but I don't like to dwell on the pain) , but it's the game. I guess it might be time for me to look at collective investments, if as has been suggested here this happens. Meantime I AM VERY TEMPTED TO DO ANOTHER TOP UP, seem really cheap just now for the potential upsides.

What's afoot, something will be announced before open on Monday? Speculation on my part of course.

Yes ! Decided a modest 100000 top up at 1.52p this afternoon. I have stuck with this through thick and thin, so while it seems unclear quite what this is about just now, I take the view that the upside is there. Of course I have been wrong before !!!!

A 37.5% fall in SP denotes to me that there are some who feel there are serious issues lurking behind the trading statement, despite the board reassurances for the medium term.

What do subscribers read into "Our year-end financial close processes have identified some capitalised product development costs that needed to be amortised or impaired, adding £4 million to costs. This is a non-cash item. Approximately half of this is one-off in nature. Underlying operating profit for full year 2023 absent these costs was in line with our expectations"

How bad is the situation really. I do hold, am well under water, some time ago MF did say bail, since I was already in a loss situation I didn't.

Lotm-13. Yes that was me. This was a pot of money from several companies dividends in my ISA. I , as I said feel this was high risk, could have taken the cash out and spent it or just left it there, decent interest rates just now. My investment strategy has always been to be as close as possible to 100% invested though.

Decided to make my twice yearly purchase from accumulated dividends, modest purchase of 3000 odd this morning. To me the price has fallen too far and the latest RNS did not warrant the heavy fall IMHO. Of course it will continue to fall for a bit perhaps but I can't time the market. Sure this is at the high risk end - we shall see.

Walkley,

As you said, tempted, well I decided this morning at 29.5p ish - I remember last time. Anyway a nice multi-bagger for me , now that is a change! Watch it rise over the next month of course.

.....For me. I am still underwater some £4500. This is a very good start to the day. The first contract will need to go well and be in profit, then this could take off as the big boys pile in. Consider how undervalued this has been I can imagine that some or other corporate action could take place and spoil things for me. I am wondering if another capital raise could be on the cards? Hopefully the shorters caught a cold on this one?

Not sure quite what to make of this. Still seems to be Jam tomorrow to me as a long term holder. My aim in supporting this company was to get a rising income stream over time when all the hard work paid off. Reading the threads suggests the hope is corporate activity and a sale. So far, there is no evidence that anybody is circling. Who do you think would purchase the company? How much longer will we wait to even break even, never mind take a profit?

Well the recent falls post RNS are providing for another entry point for a multibagger? OR yet another capital destroying opportunity as these slip to nil value. The current balance sheet is grim, however by Christmas, with some FDA help things could look very different.
I was wrong re Avanti but I have not learnt my lesson from that total loss and topped up here with 50,000 today. Had an impact on the quoted price, seems volumes are low I guess? I am feeling the urge to do further top ups if any sign of life starts to show. This share has the capacity to have wild mood swings, I am gambling on a positive one.
No chance of any corporate action it seems
Good luck to you all

In case anybody still living in hope of some money for shareholders. Page 14 of the administrators document says: "There will be no return to the Companies' shareholders as there will be a material shortfall to the Companies' creditors".