Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Ping, I wasn’t including you in the moaner category (sorry) and I agree that the lack of director buys here speaks louder than their words. The fact is we have not been in a closed period for the past 12 months because they have not had any inside information to disclose to the market! None of really know where this share is going in the next year, but I have to believe that JB would not have wanted to take on the CEO position if he didn’t think we was capable of turning the company around.
Millario, their moaning doesn’t help anything or anyone. It won’t change a jot about the situation (however temporary it may be) and actually puts off other investors and damages the SP (and their investment) even further.
Well I was on a flight all day today to Doha so couldn’t watch the trades but surprised to see we ended down after opening up! Thought it was a positive update myself, so I’m still happy to hold. Sounds like we’ll expect a few more updates in the near future. :)
Let’s see how the market reacts. But at today’s price it’s a steal if we get more wells online over the next 1-2 years from the shallower, easy access reserves. By then, hopeful for a positive resolution on the permitting.
2 year extension on INA contract and
“ Based upon recent reinterpretation of the newly reprocessed Petišovci 3D seismic survey, several shallow conventional drilling opportunities have been identified which require no stimulation. The partners look forward to progressing these opportunities in 2020.”
Anyone excited by this?!
How can it be right that they have diluted existing shareholders and continue to draw a salary and are doing nothing to justify that wage? That would be a huge breach of directors duties and the UK Companies Act, not to mention FCA rules under the DTR. They absolutely must be working on something confidential. I just can’t see how this behaviour can be justified otherwise.
Note DTR 1A.3.2R:
“ Misleading information not to be published .....................................................................................................
An issuer must take all reasonable care to ensure that any information it notifies to a RIS is not misleading, false or deceptive and does not omit anything likely to affect the import of the information.”
I think a lawyer representing any shareholder class action against the directors would have an absolute field day if the BoD truly have acted recklessly and are running the company into the ground.