Member Info for bluetigeruk

Being lazy - does anyone know if the new equity has a lock in?

Thanks Blue

How many colds have humans had over the past 500 years?

1. Maybe - but shares in a placing can be increased very easily its just a few phone calls from the Lead Broker and everyone is happy when that happens.
2. I don't believe this shorts trope - gangs of short sellers don't work together to reduce the share price for PIs and that's what the cap table mainly consists of. Anyway - nobody shorts AIM stocks heavily - except for a few famous 'Cardwell' etc's as there is no options chain to protect against big moves. Why would a shorter hold a position in GGP right now with say 4p maximum downside and maybe 20p up on a drilling strike - its asynchronous risk that no trader would take on.

Why would someone be accumulating shares a week after a placing at 14.5p ?? Makes no sense - they would accumulate a position from the lead brokers.

I doubt it - retail brokers dont work like that.

Its probably an accumulation of the MM running their books out as they know that a placing will refill at 14.5p plus various spread bet/CFD balancing trades. A long trade - say in GGP via a CFD will be hedged by the dealer entering the trade - and you will be charged spread plus interest to keep it open. So short interest can simply be long hedge.

Thanks Blue

I have a flu jab every year in November due to virus shift.

Its not a big deal - takes about 10 mins at my local pharmacy.

Thanks Blue

Redundancy - not much if they took them on last year - probably statutory plus one month - so pretty low cost really.

Its definitely possible they could be placed into administration if they don't get the funding arranged. They wont be liquidated - but the equity holders (us!) will be wiped out. Finance rearranged and then probably sold to a bigger group, or listed again with fresh capital table. That's how it works, run out of money, bondholfders and senior debt take lien.

Thanks Blue

Mmmm its a funny announcement to make - nothing statutory about saying you are close to signing a financing deal - why put that out there.

There must be rumours that they can get the financing in place and they are trying to cut off that noise before it gets too loud. What does close mean anyway - its very non specific language - i bet / guess the news from China has changed the risk multiplier in the funding proposal and it now does not sit in the correct finance 'zone' or its borderline - hence its close. Do you want to lend money to a business when its principle asset is copper and the price is down 20% ? This is speculation by the way - just thinking aloud. Thanks Blue

Dont hang any hope on the contract. Its clearly been drafted poorly or this dispute would not have dragged on so far because the DHSC legal team would have reviewed it and said pay up . There is definitely an issue with the contract that gives the DHSC cause to not pay. Thanks Blue

REMUNERATION

The new boss is probably remunerated based on the share / top line / bottom line performance over his term. Its very usual for an incoming new boss to throw any bad news out there ASAP to get a nice low entry point and also a very clean ship to take over. I would think his contract has certain warranties that the business must provide ahead of taking on the business - unresolved disputes would definitely be on the list.

So yes this is partly about cleaning up the contract dispute by removing sales from the accounts and making exceptionals - but its also about setting the bar at a low point for the new CEO to work from.

In my opinion - Thanks Blue

FEVER

I have just posted this to an investor on the PURE GOLD board.

Thanks Blue

TREK.

If you dont like it you should write to the LSX.

Listing requirements as that information is timely and accurate. If you dont feel their RNS are accurate etc then tell the LSX. Also write to their brokers as advisors and copy the board too. Be an active investor. Ranting on these boards doesn't make any difference - go down the correct channels and you will have a small effect. Lead several maybe 10s of investors here to do the same and you will have some impact. Not much, but a bit.

Read RED NOTICE if you want to learn about shareholder activism! and where it can get you.

Thanks BLUE

... An issuer should reasonably satisfy itself that all information provided by it to the Exchange is correct, complete and not misleading and, if it comes to the subsequent attention of the issuer that the information provided does not meet this requirement, the issuer should advise the Exchange as soon as practicable.

TREK.

If you dont like it you should write to the LSX.

Listing requirements as that information is timely and accurate. If you dont feel their RNS are accurate etc then tell the LSX. Also write to their brokers as advisors and copy the board too. Be an active investor. Ranting on these boards doesn't make any difference - go down the correct channels and you will have a small effect. Lead several maybe 10s of investors here to do the same and you will have some impact. Not much, but a bit.

Read RED NOTICE if you want to learn about shareholder activism! and where it can get you.

Thanks BLUE

... An issuer should reasonably satisfy itself that all information provided by it to the Exchange is correct, complete and not misleading and, if it comes to the subsequent attention of the issuer that the information provided does not meet this requirement, the issuer should advise the Exchange as soon as practicable.

I haven't watched the prezzie yet - thanks for your replies. Thanks Blue

Nova should start a chain of testing centres in all major airports - Gold Standard Testing - it would give them very high profile and would cement the brand name globally. They have the cash to do it and the kit to turn around very high quality pre and post flight tests to pathology lab standards.

And it would make money too.

Thanks Blue

Suitable PE.

Well thats literally the £54 question isnt it? So the market looked at NOVA - to the moon valuation, then retracted as it became clear to everyone it was a one hit wonder, then fell heavily as the market was informed that even the DHSC didnt want the product (or in fact utilise it correctly) so PE went 20 down to 5 down to 2.

Now as testing becomes systemic, especially for travel, Delta is pandemic, and the one off opportunity looks like a 2 or 3 off, the PE is rising again as future earnings become more likely.

Ages ago, and i cant be bothered to find the thread, i said that if testing for travel becomes mandatory and NOVA can grab a decent part of this market, then the valuation would be £50-£75 a share at 20x earnings longer term, not next month or anything, and if they have reasonable % of US business, then a NASDAQ listing would take them there.

But yes thats a long way from here - but not fantasy.

70m shares at £70 a share is £4.9 billion - at 20x PE needs £245m of earnings to produce .

Thats the target, as long as top line revenue and bottom line earnings keep on going at say +25% each year then we are in the right share. Thanks Blue

I thought my first message got lost. OK twice the advice!

Hydro - ring your order in to a broker - they will place the order with their dealer - he/she will ring the MM and work the order for you at the price and size you want - its how it works in the market for larger orders - anyway they will appreciate something to do and talk about in the middle of August - i used to work as a dealer - they are probably drinking coffee and doing the crossword right now - keeps them employed vs the algos. Thanks Blue

Hydro - phone your bid in to a broker - instead of autotrading - give them a price and ask them to work the order - which means they will call across the room to a dealer - he / she will ring the market and speak with the MM and they will either get the trade done face to face or they will work the order for you and get it done. I was a dealer for a brokers - its how it works for larger orders - anyway gives them something to do vs the algos in the middle of August. They will appreciate it. Thanks Blue

DL is already on Twitter trying to raise interest in his new Hydrogen venture - jeeeez. Pump n Dump anyone ??