Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
3.7211 895,975 Buy* 33.34k
3.7211 1,000,000 Buy* 37.21k
3.7355 842,450 Buy* 31.47k
3.70 500,000 Buy* 18.50k
3.75 500,000 Buy* 18.75k
3.725 1,000,000 Buy* 37.25k
3.70 500,000 Buy* 18.50k
3.70 2,500,000 Buy* 92.50k
3.73 1,000,000 Buy* 37.30k
3.71 898,921 Buy* 33.35k
Psychologically, the urge is strong to get out and run for the hills, having ended up with zillions of shares. But now's not the time to jump ship when the prize is potentially within reach.
"Often the goal is nearer than, It seems to a faint and faltering man,
Often the struggler has given up, When he might have captured the victor’s cup,
And he learned too late when the night slipped down, How close he was to the golden crown.
(by Edgar Albert Guest)
Opening prices - Gap up/down explanation
https://www.investopedia.com/articles/trading/05/playinggaps.asp
Financial Highlights
Revenue increased to £25.2m, with year-on-year growth in the second half of 19% Gross margin improvement of 418 bps enabled by focus on profitable sales Group marketing efficiency4 improved by 2634 bps to 24.2% (2019: 50.5%) The UK&I and France generated a positive marketing contribution Cash flow neutral for the first time, after adjusting for £0.3m of tax payments deferred until after the year end
By @ZaksTradersCafe
Although 88 Energy’s (88E) massive 64% share price rise was something of a conundrum to some traders, given that the company had updated the market as recently as the previous session, it perhaps should not have been a total surprise. The RNS said that Rig 111 had commenced drilling the Merlin-1 well at 0338 on 10th March 2021 (AK time). It added that the Merlin-1 well will initially be drilled to 1,500', then surface casing will be installed and the Blow Out Preventer system tested.
This was expected to take approximately one week to execute. That said, judging by the spike in the stock price, it would appear that an accelerated timeline may be on the cards, and presumably a rather favourable result. The fact that there was no “speeding ticket” RNS either means that the market has got ahead of itself, or that on a Friday perhaps City types feel that the explanation of the signficant share price movement can wait until Monday.
Here's a couple of links for Guardian Maritime:
https://guardian-maritime.co.uk/history
https://www.offshore-technology.com/contractors/safety/guardian-maritime-ot/
Proactive - news
www.proactiveinvestors.co.uk/companies/news/941532/eve-sleep-soars-after-plan-to-launch-cannabis-based-oils-941532.html
Potential reverse takeover and suspension of listingChallenger Acquisitions Limited (LSE: CHAL) is pleased to announce that it has entered into a Letter of Intent ("LOI") with Cindrigo Limited ("Cindrigo") and Cindrigo Energy Limited, which are part of a group of companies pursuing renewable energy projects built on broad Swedish expertise and experience in the waste to energy and biomass energy sector (see www.cindrigo.com).
The LOI contemplates Challenger making an offer ("Offer") to acquire all of the shares of Cindrigo, subject to completion of a reorganization between Cindrigo and its holding company, Cindrigo Energy Limited, which requires court approval in Canada. The making of the Offer would trigger the assumption by Cindrigo of the costs of implementing the transaction and obtaining readmission of the Company's shares to the Official List and the Main Market of the LSE along with certain of the overheads and creditors of Challenger, subject to a cap of £560,000. To support this obligation, Cindrigo is obliged to make an initial payment of £450,000 into the client account of the lawyers for Challenger.
On the making of the Offer, Cindrigo will be entitled to appoint two directors to the board of Challenger at which point two of the existing directors will step down. It has been agreed that the two remaining directors of Challenger will step down if requested at any time to do so by Cindrigo.
The consideration payable under the Offer will be the issue to Cindrigo shareholders of shares and/or convertible loan notes of Challenger such that, following completion, and conversion of the convertible notes issued as part of the consideration, the existing shareholders of Challenger together with the Company's existing holders of convertible notes will between them hold 3% of the share capital.
The current board of Challenger has unanimously approved the LOI and there is, subject-to-contract, agreement between the Company and all the convertible noteholders to facilitate this transaction.
Should the Offer complete, it would constitute a Reverse Take Over ("RTO") under the Listing Rules. Therefore, at the request of the Company the FCA suspended the Company's listing on the standard segment of the Official List and trading on the Main Market of the London Stock Exchange has also been suspended pending either a further announcement on specific details of the RTO, the publication of a prospectus, or an announcement that the RTO is not proceeding.
Challenger Acquisitions Limited (LSE: CHAL) is pleased to announce that it has entered into a Letter of Intent ("LOI") with Cindrigo Limited ("Cindrigo") and Cindrigo Energy Limited, which are part of a group of companies pursuing renewable energy projects built on broad Swedish expertise and experience in the waste to energy and biomass energy sector (see www.cindrigo.com).
The LOI contemplates Challenger making an offer ("Offer") to acquire all of the shares of Cindr
Loads of small trades going through - are these shorts closing?
OPPS! That's speed reading at it's worst! I'll get it removed, thanks
Today's RNS
Proposed term loan refinancing
Micro Focus International plc ("Micro Focus") today announces the launch of a Euro 400m and a USD 400m Senior Secured Term Loan B (together, the "Facilities") to partly refinance its existing Senior Secured Term Loan B due November 2021 and pay associated fees and expenses (the "Transaction").
As part of the Transaction, the Board confirms the final dividend for the year ended 31 October 2019, which was previously withdrawn, will not now be paid. The Board instead intends to use $150.0 million of existing cash reserves to pay down part of the existing Senior Secured Term Loan B due November 2021.
The initial price talk for the new 5-year Facilities is anticipated to be 4.50% above EURIBOR at an original issue discount of 3.0% on the Euro Tranche, and 4.50% above LIBOR at an original issue discount of 3.0% on the US Dollar denominated tranche.
02 March 2020
Micro Focus International plc
Update on proposed term loan refinancing
Micro Focus International plc ("Micro Focus" or the "Company") today announces that due to adverse market conditions it has decided to postpone the proposed refinancing of its existing Senior Secured Term Loan B due November 2021 and extension of the existing Revolving Credit Facility.
The Company intends to relaunch the refinancing once market conditions improve.
7digital Group plc
Subscription to raise £1.88 million
7digital Group plc (AIM:7dig) ("7digital", the "Company" or together with its subsidiary undertakings, the "Group") announces that it has conditionally raised gross proceeds of £1.88 million through a subscription of 937,900,000 new ordinary shares of 0.01 pence each ("Ordinary Shares"), (the "Subscription Shares") at a price of 0.2 pence per share (the "Subsciption Price") with certain new and existing investors (the "Subscription") and additional £1.0 million in intended future facility.
From today's RNS
Robust private growth of 4.1% sustained from H2 18.
Positive momentum on quality improvements with new Manchester hospital rated Outstanding. 81% of sites rated Good, Outstanding or equivalent (up from 74% in H1 18, 79% at FY18).
Long term pricing agreements signed with AXA PPP Healthcare and Bupa supporting our strategic focus on private patients
Digital strategy implementation underway with further rollout of consultant online booking, a successful pilot launch of the MySpire patient portal and a new Consultant App.
Purpose, our new cultural initiative to raise team engagement and our patient focus, launched across all hospitals and central functions
Group financial performance
3.4% revenue growth to £491.6m (2018: £475.6m)
Growth across all three payor groups: PMI sales rose 5.1%, Self-pay +1.4% and NHS +2.5%
Operating Profit growth to £51.0m (2018: £37.2m)
Net bank debt(4) lowered, with covenant leverage at 3.3x EBITDA (3.3x at end Dec 18, 3.0x at end June 18) versus limit of 4.0x
An interim dividend of 1.3 pence per ordinary share has been approved by the Board.
Justin Ash, Chief Executive Officer of Spire Healthcare, said: "This was a good performance with clear signs of our strategic and operational initiatives bearing fruit. We promised 2019 would be a year of stabilisation with revenue growth, continued quality improvement, cash generation and net debt reduction. All have been achieved in H1, with good operating profit performance.
I still think it’s been triggered by shareholder(s). It will prevent the directors from decision making and end up removing the directors which the EGM failed to do.