Member Info for BogdanT

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(2)In determining whether information would be likely to have a significant effect on the price of financial instruments, an issuer should be mindful that there is no figure (percentage change or otherwise) that can be set for any issuer when determining what constitutes a significant effect on the price of the financial instruments as this will vary from issuer to issuer."

https://www.handbook.fca.org.uk/handbook/DTR/2/2.html

It can be assumed that the deal is bad for the company and that's the main reason details aren't disclosed. My guess is that the Ates division has been sold to a friend manager in a very good gift deal.

Details about are really needed and Sae won't offer any, that's clear as daylight.
Anyone with registered shares should consider filing that complaint to the FCA. It's difficult to do it under Nominee.

Rns has rules regarding content and timing..

'' DISCLOSURE REQUIREMENTS

Article 17

Public disclosure of inside information
1. An issuer shall inform the public as soon as possible of inside information which directly concerns that issuer.

The issuer shall ensure that the inside information is made public in a manner which enables fast access and complete, correct and timely assessment of the information by the public and, where applicable, in the officially appointed mechanism''

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02014R0596-20210101

https://www.fca.org.uk/markets/market-abuse/regulation

I do believe that selling the engineering division will be beneficial for the company in its circumstances but the way Sae disclosed it is not right, many details are deliberately missing. Proper disclosure is an obligation, not an option. A complaint to the FCA by a registered shareholder would make them more responsible

It may be a smart move.. SAE would become an energy company rather than an engineering one, shareholders don't get diluted and Proteus gets private equity injection?

Looking forward to that Rns

https://www.globenewswire.com/news-release/2022/10/19/2537503/0/en/Super-Apps-Holdings-to-Become-a-Public-Company-Through-Merger-with-Technology-Telecommunication-Acquisition-Corporation.html

Questions in my opinion would be how can stocks be so cut off from fundamentals and how is this extreme level of volatility being justified.. With 10k worth of selling one can bring down an mcap like mbo's by millions

The market is captured by algorithmic machines and mm's desperate for transactions. And nobody is blushing on the authority side nor cares it seems

They usually reply quick, in less than a day
And the certification service is 100 at hl

If no answer i would say they're still thinking.. but no harm in giving a call

I am still waiting for a reply, for 10 days

Leased the project and have enough money for debt and development of MeyGen. They made a good turnaround for an unlucky plant conversion.. And together with the CfD, its future looks more optimistic

monetech.co.uk

Xtraordinary how a couple of drips rose the market value by 1 mil.. Like it's been the excuse and not the reason

Or maybe for a US investment bank that aquired some simec debt to snatch its 30% of this company on the cheap.. Do the research, plenty to see

SAXO doesn't allow it either, instrument configuration doesn't allow exposure ))

greedy b@sterds

My online broker IG won't allow me to open any position here.. Any of you have similar problems?

They need financing, likely a raise will come soon

$5 a trip? .. $50 sounds better and t42 could afford to keep property of all the devices. It would manage device upgrades, failures, replacements, scrapping and sell data services only

https://amp-theguardian-com.cdn.ampproject.org/v/s/amp.theguardian.com/business/2022/feb/10/exceptionally-challenging-how-rising-shipping-costs-hit-uk-firms?amp_js_v=a6&_gsa=1&usqp=mq331AQIKAGwASCAAgM%3D#aoh=16444809199648&csi=1&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.theguardian.com%2Fbusiness%2F2022%2Ffeb%2F10%2Fexceptionally-challenging-how-rising-shipping-costs-hit-uk-firms

https://ship.freightos.com/

Bl00dy h3ll ... If you have the opportunity of speaking to the BoD again you may kindly offer a suggestion of doing their pricing properly and not to go cheap on these services as they're GOLD for hauliers, clients, forwards, customs authorities, forwarders ..

Thank you for some interesting details, charging per trip.. please share more if you know/ are able to

Considering the value on one single container I would say that paying 5 dollars /euros to get all this data during travel is more than bargain. I would have payed even 50 for some shipments of only a couple of hundred dollars some years back, just to know where they were during transit.

The demand should be really strong for these services, regardless if monthly payed or per use.

No idea, but it's not relevant imo. The whole troubled Gupta situation is the one pulling it to the ground

https://www.energyvoice.com/renewables-energy-transition/323866/simec-atlantis-shares-gfg-alliance-gupta/

https://www.energyvoice.com/renewables-energy-transition/wave-tidal/328990/simec-atlantis-gupta-impact/

Wyelands’ accounts disclose that the bank is under investigation from the PRA and the Financial Conduct Authority, noting that regulators could levy a fine in excess of the £3mn the bank said it had available to pay it. Andrew Bailey, governor of the Bank of England, revealed last year that regulators had also referred the bank to the National Crime Agency and Serious Fraud Office, after probing its “connected lending” related to Gupta.

Wyelands’ previous auditor PwC, which resigned in late 2019 citing an undisclosed conflict of interest, is under investigation from the Financial Reporting Council.

In an audit letter signed this month, Wyelands’ present auditor Mazars noted that the bank had faced “sustained challenges” in recovering loans from borrowers, “not least those that are fellow GFG Alliance firms”.

The annual report revealed that Wyelands’ chair, John Crompton, Frewer, and the chair of its risk committee, David Smith, resigned from the board this month. Jay Hambro, the scion of a London banking dynasty who was formerly Gupta’s top lieutenant, resigned from the board in July last year after falling out with the metals magnate.

Murali Subramanian, the former head of trade finance lender FIMBank, replaced Hambro as Gupta’s shareholder representative on the board in September. Subramanian also sits on the board of Banca Romana de Credite si Investitii, a Romanian bank that Sanjeev Gupta acquired in early 2020.

Gupta looked at acquiring Italy’s Aigis Banca in 2020, but did not complete the transaction. The small Italian lender later collapsed.

Gupta also held talks with offshore law firm Mossack Fonseca about setting up a bank in Panama two years before regulators allowed him to buy one in the UK.

Sanjeev Gupta’s Wyelands Bank says it has ‘no viable future’
Virtually all loans now in default at bank owned by industrialist under fraud probe
Homepage of Wyelands Bank website
Wyelands says that efforts to find a buyer for the bank had been unsuccessful and that most staff have been made redundant © Charlie Bibby/FT

February 8, 2022 4:00 am by Robert Smith in London
Wyelands Bank has announced that it has “no viable future” and that virtually all of its loans are in default, nearly a year after regulators forced Sanjeev Gupta’s stricken lender to return money to British savers.

In its latest annual accounts published on Monday, Wyelands said that efforts to find a buyer for the bank had been unsuccessful, meaning it had made the “majority of staff” redundant ahead of winding down the business. The bank also reported a £116mn loss in the year ending April 2021, with more than 90 per cent of its £173mn loan book impaired because a “high proportion” of its borrowers “remained in default”.

Gupta, a steel magnate whose GFG Alliance conglomerate is now under investigation by the Serious Fraud Office, established Wyelands Bank in 2016 with the stated aim of supporting British industry. It gathered £700mn in deposits from British savers at its peak but the Prudential Regulation Authority ordered the bank to repay customer deposits in March 2021 amid rising concerns over its financial position
This came a year after a Financial Times investigation revealed that Wyelands Bank had channelled depositors’ money into Gupta’s wider business empire, using a network of companies controlled by the metals magnate’s associates. Gupta’s employees often referred to these entities as the “Friends of Sanjeev”.

Stephen Rose, chief executive of Wyelands, said the bank’s wind down “is now largely complete. As a result, we need fewer employees and fewer board members.

“In addition, the bank is simplifying its structures to preserve its resources, and that is why a number of our senior colleagues have resigned as directors. Rachelle Frewer has left the board but remains as the bank’s chief financial officer.”

GFG Alliance said: “The shareholder has supported the bank to ensure a solvent wind down.”