Member Info for CaptNemo

What a good start to the morning.

Revenue Up by 8% to $87.1m

Net debt Down by 25% to $179.5m

And - ''Based on these results and current information we have on hand, the Company is on track to declare shareholder rewards, in line with its shareholder rewarding policy as announced on 01 August 2024.'' But it does not say when this will happen.

Maybe @ shatter

When the % drops below 0.5% it is no longer a requirement to report it, so they might sit at 0.49% and not show up, or they may continue to close open positions. Either way it's good to seem them close, especially if it hurts - lol.

@ Sterling - I bought when it was the old 6p - that was years and years ago - have not sold or added in all that time, should have sold when it was £15+ of course, but there you go - lol.

I originally liked, and still like, the technology. And, one day someone is going to buy the whole company to get the technology - then I might sell.

Keep the faith.

It might have something to do with,

Peel Hunt raises Dr Martens to 'buy' (add) - price target 112 (80) pence

Which was issued today, personally I find brokers recommendations less reliable than long range weather forecasts.

The only thing that is going to get us to 112 p is better earnings.

Barclays can have ALL of my shares for £1.16 - that would make me very happy.....

I assume this is an old transaction that they 'forgot' to report :)

Looks like there is an appetite for shares in OXB, only a 1.95% discount on yesterday's closing price and 13.1 % dilution for £60m in cash - could most definitely have been worse. After the first RNS I was expecting it to open way down, but there is now a possibility that we could open up - which would be nice.

Keep the faith.

Looks like we are going to have to wait and see how bag the damage will be.

The book will open with immediate effect following this Announcement. The timing of the closing of the book, pricing and allocations are at the absolute discretion of the Banks and the Company. Details of the Placing Price and the number of Placing Shares to be allotted and issued will be announced as soon as reasonably practicable after the close of the Bookbuilding Process.

And..

OXB acknowledges that it is proposing to issue Placing Shares amounting to up to 20% of its issued ordinary share capital on a non-pre-emptive basis utilising authorities approved by the Company's shareholders at its Annual General Meeting held on 11 June 2025.

@ 1863 Get your self an 'adblocker' plenty of good ones out there, some free, some not.

Cuts out almost all the noise :)

Looks like the CEO and CFO have just stuck their hands in their pockets and purchased a sensible amount of shares - very encouraging.

CEO - £25k

CFO - £54k

Long may it continue.

Briarwood increased their holdings again, from just over 12 % to just over 13 % - 😎

Hi Stew - I think you need to read the small print with regards to PFC. While the recent RNS was good news for PFC the Company and the board of idiots - it just confirms what a complete basket case it's been for the original share holders, who will now end up owing just 2.25% of the company.

I also think you might be right about a hire offer for WG BUT it will depend upon what the numbers look like going forward when the report and accounts are released. I also can't see the majority of long term II getting the massive hair cut that 35p would be.

@ Cardinal3 - Of course it's deliberate - just an attempt to inject a little humour. But it's very true that we don't all find the same things amusing.

I also suspect that we'd have a lot in common about the basket case that's currently WG. - nothing good going on there.

@ PJ The problem - I think - is that SeaFood are gradually reducing their shares, every reported number is lower than the previous one . At the end of April it was just over 53m .

They are not directly selling their shares in the open market but transferring them to their own shareholders, presumably some of them will keep the shares and hope they appreciate, while other might need/prefer the cash and sell the shares. I suspect that some of the chunkier sells that seem go through every time the price ticks up are SeaFood share holders selling their GMS shares. There was a 300k sale this morning.

We do not know IF SeaFood have finished and will hold on to their 53m as a long term investment, or continue to slowly pass them to their shareholders, some of who will continue to sell them into the market at the first opportunity. Until we get a TR-1 saying 0% we cannot be certain.

It's a short-ish term problem as eventually it will become obvious if the are sticking with the 53m or continuing to unload. Once fully unloaded there will still be some overhang amongst their shareholders as they gradually sell their holdings.

We are talking many months here, possibly longer for this to play out, but I'm not worried. GMS is a licence to print money with a PE of 6.1 !!

Once the SeaFood hassle is behind us things will be less uncertain, and Nick is correct. If they bought out the remaining 53m shares and put them in the shredder it would have a great impact on the share price and add instant clarity - at at cost of about $10m - bargain.

Morning Maddog - let's hope your right.

Good to get confirmation that most of the warrants have been exercised (you'd be mad not too) with only 23.5m additional shares between now and June 30th - assuming it happens that's a 2% dilution on the existing share holders but GMS gets £1.3m.

Looks like Briarwood Chase just bought slightly more than half a million shares, they are now sitting with just over 11 % of the company - glad to see that I'm not the only one who likes OXB :)

Just added 40% to my holding, let's hope it was the right move. GLA

@ Peterrr - Just did exactly that, doubled my holding. The constant trickle of new contracts means that this company is going somewhere, most likely being taken over at some point by one of the bigger boys.

GLA

17:00 on the 24th March

Dave we would ALL take 180 right now.

The form 8 from yesterday morning (10th) shows that Sidara have/had no shares in WG, either long or short.

A hostile take over would do wonders for the SP but sadly I think it's unlikely right now.