The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Did my monthly Frequent trader trades today and benefitted a little bit from observations in the past.
First trade was 1.6875p and the other 2 were both 1.68 and I bought more shares at the lower price?
I noticed my first tranche is often the most expensive shareprice which makes little sense? I thought brokers were obliged to give you the best price but I am guessing they can discriminate
e.g. BUY of 100k required
Sells of 99k and 100k on the books? Would they really give you the 99k and 1k of the 100k? Two partial transactions rather than one?
I am all set for the placing - a bit of cash to allow for FX fluctuations, ISA transfers prepared , and every cent that is available will be used on new shares - no commission - barring the FX from GBP to AUD which is quite reasonable on IG.
Mike Parry on Jeremy Vine agrees with me - Fujitso should be paying all the compensation along with the liars in Royal Mail who said Horizon problems did not exist outside each post-masters realm. Take their houses off them if necessary and their £1.6m bonuses for their efforts in introducing Horizon!
Had a thought about poking data in banks!
Years ago an Italian section of a British bank used to produce a useless multi-page document, rubber stamped for their Govt that needed changes!!!
Testing was tricky but the document used the current balance on each account to determine whther the CREDIT or DEBIT ledger code applied!!!
I ran my amended app against a database to produce a reference document!
Then I poked a few Credit balances so they were now Debits! So e.g. +500 became -500
Ran it again and compared the documents - the relevant ledger codes were the only ones that changed and were comensurate with my delta changes - so that was one element proved!
And this is what I meant about design problems! I neglected the fact that DEBIT balances were NEVER negative numbers!
A number was a number ALL POSITIVE and a bit flag in a code number said whether the value was a credit or a debit!!!
So I should have been flipping that bit!!! I had a bust up with a Business Analyst rejecting my mods out of hand!
My error was insignificant. CREDIT a negative number and it becomes a debit! So my test was ok for the wrong reason.
It was Xmas and I was taking xmas and New Year period off! The analyst had a database that was corrupt - transaction numbers were not unique (in fact duplicated 3 or 4 times) so her transaction number testing was crap! She was comparing apples with onions!! I thank a permie at the bank who was working the holiday period and took over!!! He used a decent database, all was well, and the bank was happy with everything but me!!! I had reduced her to tears when she was drinking wine and eating mince pies on Xmas Eve whilst I was working my socks off trying to find a non-existent bug!!! Another analyst told them they were mad when I found that 6yr problem for him on my final day (no renewal) and worked until 7pm. I h
HB just seen Richie on the news - I think recompense for the victims could be an election issue if he does that!
I might be the single factor that people latch on to - spread around the whole country - no North / South divide.
Time to check the election betting odds.
Paula Venells is an ex-Anglican priest and was CEO of the PO from 2012 to 2019.
What an advert for her religion she is. I think Jeremy Clarkson described how she should be treated when he was referring to Megan Markell. Over 700 sub-postoffice managers suddenly changing their spots and becoming dishonest would have alerted the thickest CEO in the universe to a common external factor. She thought she'd been promoted above her previous boss by the look of it.?
Watched some of Double Jeopardy today and a question came up about which country The Central Kalahari Desert is in?
Could not believe nobody knew the correct answer , especially me! Not South Africa, Kenya or Tanzania which were our stupid answers.
I was hoping there was an old codger on here with some useful advice because it is too embarrassing to see a doctor.
I am anonymous on here but for one or two people.
Have amended my excess to 800000 which racks up another million at a bargain price. My heirs have a hedge on the GBP fx rate now. And if I live long enough to use it myself I'll have money in AUS to consider buying CBA for their beautiful dividends or to stick with TLOU if they get into the Hydrogen business or dividends appear on the horizon.
Brilliant presentation by ITV on this - tear jerking in so many ways.
I am totally confused by events - imho Fujitso are the villains here , as near 100% as it gets!
The PO were pathetic in believing Fujitso that nobody could but post-masters could enter the data that was codemning those post masters!
It hardlysounds like a bug to me - it was surely a poor design or poor coding or both - and instead of Fujitso sorting it out properly they tried to do manual calculations and poked values into the data manually too! At the very least they should have generated a memo for the post office telling them about the error , the actual values that were wrong , and what they consider is the correct value. They might even have produced a noddy app for them to use - but the crucial thing was to have an audit trail so the post-master was not vulnerable.
When I worked at a bank that bank gave me the task of finding a bug that half a dozen programmers had failed to find!
The bug surfaced once in a blue moon - a genuine bug - the PO systematically clearly got something wrong in the design because as the PO manager said - the software was too clunky!!!! They obviously could not put the offending logic right without buggering up other threads and compromised on a solution that needed least work to correct manually ! Clowns! They certainly got that wrong as well creating the situation! And lying about it!!
My bank problem was a subtle error.
At the start of the app all values were defaulted and compared with new data to break the logic into currency , country , account number etc etc.
The fault was two accounts in different currencies would be merged as one -so 1USD + 1GBP was neither 2USD nor 2GBP but was 2!
The programmer was using the defaults to decide if it was the start of the app - so if the running totals hit that default there was no break in the processing until that faulty check activated. The default was zero - and extremely rarely that value could reach zero. All it needed was a second way to confirm it was the first pass or not - simples - but finding it in the first place was the difficult bit. I refuse to be beaten by such things - a strength and a weakness (budgetwise) but the Business Analyst at the bank was chuffed to have got it sorted after years!
Could not have been better.
My ISA expires after the original deadline and that ruled out using my cash ISA to buy extra shares in the issue without losing money in lost interest and or commission.
Now I can open my new ISAs one containing my TLOU cash which I’ll transfer in full to my ISA Trades account to cover the issue+ and t’other as my Cash ISA.
Perhaps New Year is turning into the year I expected.
I am in trouble with my guts. I am constipated but have diarrhoea too so I have been going through the bog roll over 3 days! Senokot tablets are hardly necessary because my body is trying to expel everything when I am anywhere but the loo. As soon as I am in the loo the urge decreases giving me grief. Thank heavens for washing machines is all I can say.
I was a little shocked when I searched for something on the Iphone and got back a series of links to other stories!
The top one was Lefoko being censored by a court for withholding planning permission extensions to a Canadian power producer in Botswana. I hope it won't lead to the sack if that is what Bots is referring to by dead man walking.
He really went beyond the limit to give us a PPA during Covid when we could not really benefit from it with lockdown. I am sure it was well intentioned and was a good news item in a news blackout. Imagine what it would do for TLOU if Boomslang and Mamba plus the undeveloped plots at Lesedi were denied planning now? The loss of trillions of cu ft of methane would surely kill us? I am not much cop with the fingering on Iphone so never saw why the Canadians were rejected or how senior the court was.
Lots of news to catch up on ... cheers
Thanks guys, have been a hermit since Liz died in Sept 2018 so seeing in the New year in A+E was actually very convivial with patients nurses abounding. My final night in a private room was great for sleeping but my last day was on my own and it was putrid after getting used to company, no laptop , no TV, no charger for the Iphone and nobody to borrow one from.
The 4 broken ribs are 9 to 12 on the left and the docs said it was amazing that I could move at all far less walk to the toilet.
I drove to the Coop last night to buy some Paracetamol and Ibuprofen but they would not sell me more than a packet of each.
Reversing out of the drive was awful, not being able to turn to look backwards was a huge problem in the dark and rain.
So today I called my surgery to ask for a prescription and my GP asked me drive down for an 11am face to face. That was good she is is gorgeous looking and early thirties or late twenties. She had prescribed Fludrocortisone to raise my blood pressure. She also did a blood pressure test from standing and it showed 70 over 40 which is horrendously low. Amazon delivered an oxygen meter which mesures oxygen in the bottom of the lungs. Shallow breathing with painful ribs go together so they like to see 92% upwards! Bacteria in the lungs causes complications anf my new toy shows 96% and 97% with deep breaths and the lowest reading I saw was 90%. The cortisone tabs will raise all blood pressures so I need to monitor the highs when I am lain down to ensure it is not too high. The paramedic record 178 psi sitting, dropping to less than a hundred when I stood up. But I am seldom higher than 130psi so I ain't too worried.
3.3c on ASX is not so far below the offer price of 3.5c so I will be asking for excess shares. As you all know the FCA only guarantee the first £85k with you bank - so I am going to move the excess in my shares ISA on ASX/TOU. Synchronising the move so I don't lose interest on the excess is a problem so I am splitting my ISA into 2 x ISA and will transfer the excess one in full to IG.
I had my initial requirements , posted me a PDF and asked for signed PDF back as confirmation!
It read to me by snail mail , but checking the latest memos , I can edit and print the PDF , sign the printed papers, and copy and paste the signed version into an email! So I'll do that once I reach maturity on last years ISA with no loss of interest.
2023 ended with a bang for me. And 2024 started with a whimper,
I think I mentioned I fell into a hedge on a dog walk in the summer. I thought it was "vertigo" (BPPV) after looking down a those ultra thin poo bags, before tidying the ara and standing up. The world started spinnning around me and I'd fall gently to the left or backwards - happened a few times and I was worried about it happening on the motorcycle.
At 8am on New Years' Eve I woke uplate and went straight to the en suite , 12ft perhaps? Blimey - the bathromm started spinning at 100mph as I was about to sit on the loo, I fell to left on my back, and felt a stabbing feeling which pinned me to something that made no sense! Tle toilet seat? , a padded kitchen chair or a plastic bathroom wastebin which had moved under the chair?? Had o the rim of the bin but how???
I lay in bed until noon hoping my injured ribs would ease in pain that never came. Called 111 who sent a medic. I threw my keys out of the dormer window onto the lawn so he could let himself in! He did blood pressure checks etc and nothing was irregular except my painful ribs! Similar readings to the ones I measured for my GP a couple of weeks earlier.
He then had inspiration and asked me to stand for a final check! 163 psi whilst sitting. I stood and the vicious spinning came back! My pulse remained at 62 and my blood pressure dropped below a hundred ,a condition known as Postulation Drop!
He called for a ambulance and at 6:30pm I had arrived at Poole Hospital A+E , queued to be admitted and was attended by A+E staff , not Docs! By 8:30 pm I'd had a heart/chest x-ray, and a scan. I complimented the nurses on the speed of everything, a complete surprise to me , and my very pretty nurse said "but have even seen a Doc yet?".
Wheeled off to a ward-like storage area the Doc showed up at 3:30 am and I was admitted properley to the assessment ward.An osteopath checked my ribs and quickly ely found that my 9th rib was broken and requested an MRI scan.
9-12 on the left are all broken and I only got out late this afternoon and am safely home with Poppy.
I am chuffed with the outcome because I just have to take it easy when standing up and my motorbiking or driving should be safe. I was given a test today to be released. 140 psi dropped to 111 , stayed put in standing position with no spinning, and a second reading returned 111 again - nowhere near the drop to half the seated reading (would have been 70 psi) so happy days. Happy new year folks , like my BP , the only way is uo!
I wonder what the filtered one has to say?
a) Well done for trying to make 3.5c the new sp for 2024?
b) Further proof how lousey my judgement is?
c) Ian Karma has enrolled Anthony Joshuato his civll war?
We need the price to reflect the true state of the company to keep dilution low if we have more share offers.
Hopefully not - and profits will be high enough to finance expansions for a while..
I expected 2024 to be a special year - but only on the Tlou front.
Who'd have thought that lidl'old Bournemouth would be up to 11th by Xmas 2023, level with big'old Chelsea London team back in 1970. Up the Cherries ..... in all departments ... as they shout down here.
Our new owners Bill Foley and Michael B. Jordan (actor/director) and Tony Gilby?
I am surrounded by genius bosses - the first hat-trick - next comes TG's on his third business as the gaffer!
Bill guaranteed we would not be relegated last season and was proved right with 4 fixtures still to play.
His aim was to make us top half PL team - Chelsea are 10th - and I don't think Bill meant this season!
2024 is the year imho! Where are we going to have the celebration guys? We planned one for Sirius ...
Will have to check my spreadsheet because the numbers I quoted are rubbish for ASX.
It automatically downloads the FX rates from the web and I then edit out all but 1 AUD to GBP.
i.e. https://www.xe.com/currencyconverter/convert/?Amount=1&From=GBP&To=AUD
I refresh the table from Workbook Open event and I think it must calculate the sheet before have isolated the 0.53 variable rate. Accessing the Query Table object fails on the first access but then works perfectly thereafter!
Cannot find a work round except this
on error resume next
Msgbox item 1
onerror goto 0
item 1 is now fine
The display fails so it looks fine but I hate it.
So I download the full table into the sheet and then delete cells/move cells up until I get the 1 AUD rate!
There lies the possibility of recalculations being made against a moving target.
The 3.5c offer only costs $6478 or £3470 against 3.1c sp today = £3073
Still £400 though.
But @1.68p the LSE price would have been £3110 so nothing like the figures I was contemplating.
I think I will partake and watch for FX rates before 11thJanuary to offset the wasted money a bit.
In the future I'll think it impossible that I could buy at 3.5c rather than why didn't I take a few more shares @ 3.1c?
Of course there would be $10 commissions (no frequent trader allowances for ASX trades) on those at 3.1c whilst the placing will be free!
Don't think I want any excess shares. Glad I have filtered my admirer - he'll no doubt think I am stupid - but at least I can consle myself that I did something small for the company.
meanreverter had a point - i am producing a spreadsheet with all my various assets so my heirs know what and where everything is.
it was worth doing because i tracked my freeby rolls royce shares and found they have had risen 127% recently!
i added the new asx issue and paying 3.5c is £400 more than the current price of 3.1c roughly an extra 10%!
i was critical of tlou dropping a 5p market price to 3.5p with a "sophisticated" issue.
like ***in , i am reviewing the situation , do i want to give £4.4k to tlou for £4k worth of shares on asx , or £3.2k worth on aim? 3.1c is 1.656p 3.5c is 1.87p
who'd be a ceo? can i afford to prove i am not a hypocrite. i'd feel good if the sp's rose to 3.5c and 1.87p because of the issue. fx rates complicate things - i wonder if the pula prices are more favourable? the pension fund may well be the target for this issue. the doc is in the ***in position this time round. i feel more like shylock now , quibbling about paying less than 2p for a share that i think should be in double figures seems like madness! my head hurts!
Well done TB , your analysis is proving to be correct on the AIM exclusions!
I responded to this on the other board yesterday ...
"meanreverter
15 Dec '23 - 07:28 - 9346 of 9348
The placing opportunity announced today is not available to holders of the AIM-listed shares. That seems unfair — but less so when one considers that the placing price is at a 9% premium to the last closing price on ASX.
Cherrylady
21 Dec '23 - 17:58 - 9347 of 9348 Edit
TB on LSE explained that the fairly recent undersubscription on the AIM platform precludes TLOU from having another open offer on AIM within their restrictive period of time. I have shares in TOU on ASX so I do not really see why I cannot buy on ASX.
At least the share issue will not drop the LSE SP - maybe the real reason the whingeing poms are excluded? But will the BSE and ASX price drop? It usually does for TLOU no matter whether there is sense behind it or not."
And overnight my blind faith it was not happening was contradicted when IG Australia added my 4/11 entitltlemet @ 3.5c to both my Australian accounts. I have until 11th January to action them!
Blind faith in TG is a sensible approach - he has never let me down on matters that were withing his control.
He definitely planned a small windfall for us all as a reward for our support , the price was 5p+ , it should have risen , we had an offer of buying at 4.4p , and his plan was undone by Covid ...... the Covid that one prat on here says did not interfere with other companies in Botswana .... dream on!
I think being insulted by the prat is actually complimentary and means you are certainly correct.
TB has a history of useful finds and th prat does not have a good word for him.
He ignores TG's history of success whilst thinking an ex-PM who is living in exile in fear of of his life is going to sweep back into power and make Sekaname a famous energy provider around the world. Tlou's gas will not burn but Sekaname's will, and despite TLOU almost surely going live in 2024 , Sekaname are going to fall out of the sky with a ready made power station and pip them to the post because we hear f* all from what they are doing etc etc etc
Oh, and TLOU producing gas will be a mistake because Seka will produce CNG and LNG and they don't need the gas that will appear if the containers are opened.
I'd better check what IG need from me ...... happy days! I like giving my cash to TLOU on offers rather than fools who are taking a tiny profit or a large loss because they are blind! Stick with your holding BTS you won't regret it by next Xmas.
I only need something like 2.35p per share to break even. All those little £300 p.m. buys that the prat ridiculed are mounting up and lowering my average price. And I am included in an ASX offer from the UK it seems.
How is it blind faith when the subject has made 1bn and 3.5bn from his first two gas projects, and after 11 years with no income he is within 12 months of having the first ipp in Botswana? Even people with tunnel vision can see light at theend of the tunnel now - and nobody is denying that vehemently.
Bigjeff did you not see the link TB supplied showing a series of slides?
Tx line complete at the Lesedi end, and has reached the township of Serowe, not far to go.
Substations to be built at Lesedi and connected up in Serowe? #6 is flowing gas in a record time, #4 has improved flows since they redrilled it to straighten the channels. There is gas down there so the only way is up!
https://drive.google.com/file/d/1bbob8E5hgx7ou9pZy__FBI2rrXUCPpLs/view?usp=drive_link
We are all united in our views of the least popular poster on here.
I see no point in stating the obvious regarding his idiocy any more.
I might unfilter him when St Tony announces our first income and phase 1 is done and dusted.
He'll never go away as long as we respond to his tripe! Once Tlou are an undoubted success it will be interesting to see what calamity he will be prophecying then.
People love to criticise football fans. I was sat 30 yards from Tom Lockyer's heart attack , and the only person in the stadium who was aware of the danger was Cherry player Phil Billing , countryman of Christian Eriksen , and both Danish internal players in 2020 and 2021! Phil must have seen the similarities and ran to Tom , face down into the turf and motionless! Phil checked he had not swallowed his tongue but made everybody very aware saving valuable seconds or maybe minutes before medics from both clubs took control.
I was proud to be a Cherry fan - our fans were singing Tom's name before and after the game was abandoned.
This image brings it all home ..... love it!!!
https://www.facebook.com/photo/?fbid=122132910662042248&set=gm.3735347270020624&idorvanity=1501008276787879
https://www.facebook.com/photo/?fbid=122132910662042248&set=gm.3735347270020624&idorvanity=1501008276787879
Why does anyone contribute or merely view this page?
Disinterest in TLOU can be ruled out , there are thousands of stocks on this and other dicussion groups around the world, so this one must stand out for some reason.
What could those reasons be for folk who have not lost their marbles yet?
TLOU are clearly burning cash (and methane) until they start earning! Donks continually points to that as if nobody realises! This article featuring Rolls Royce but encouraging people to invest in these cash burners will take him aback!
Worth a read imho
https://www.ft.com/content/2a646e0c-0e03-480f-9adc-eaefb829091e
1. They have an acquaintance who is interested in this share , and curiosity abounds on how it is performing?
It might be classed as research if these people are considering getting into the ring ome day.
2. Ex-shareholders monitoring if they did the right or wrong thing?
3. Current shareholders looking for reasons to buy or sell ahead of a likely price shift. Due dilgence which should be exercised by us all if we have money invested.
Some will not be interested in other interested parties views and never read posts - they will merely be checkingif there is a new RNS , if , like me , they do not have notifications turned on.
Which group is DONKS in? He is trying to find his marbles or is a keyboard warrior trying to be the centre of attention.
It does not matter to him if he is adored or the opposite! It is a mental disorder of some sort. I suggest, far from being a bully , he has been bullied all his days! And on a keyboard he can fight without being duffed up! He is duffed up , nobody every agrees with him on virtually any subject but he ignores that fact,
I am guilty of feeding his lunacy but I am incapable of letting him discolour TLOU for no good reason.
This project is as close to nailed on as it gets on the AIM market imho. The only danger was going broke with delays in Govt agreements, dewatering and Covid! The directors could have milked the finances into the ground but most took pay cuts for years and that helped to get us to a position where a few poles in Serowe and a couple of substations look certain to start bringing in first earnings next year.
BOTS how on earth can you say there are not sophisticated shareholders on here.
We are all sophisticated in comparison to you!
None of us has access to who is on here - posters are the tip of the iceburg - and the majority do not post.
TG himself used to be informed of what was being said on here. He may have even looked for himself.
Colm often refers to shareholders . Stop speaking for others , you do it all the time,and you cannot know.