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JJ, not quite correct- a strong oil industry and predicted higher prices for Oil 2023-25 is good for service Companies as well as producers. Of course Bernard Loony isn't on the phone to Petrofac on the back of this morning rise - but those looking a medium term investments may well decide that the OPEC+ cuts mean that this and others are very much worth the investment and that will have an effect on the SP.
Anyway - as I speculated last week, this will and has been held at those level. This may allow some to close their shorts, even take a long position and others to get in at those levels. I expect this to see turn blue later and close a couple of % up - and then gain steadily towards a quid plus in the next week or so. If we get the news of the next contract win then obviously this could re rate significantly- watch this space.
The shorts never get really burnt as some would suggest It will be held around this level for a day or so, maybe longer depending on liquidity to allow shorts to close without taking as much a kicking as we would like - then should head up to £1plus next week. Wouldn't even be surprised if we see intraday drops to allow shorts to close and others to buy in as a few of the retail investors get spooked.
Nope, disagree with most - Suzy obviously doesn't understand the market. She needs to work to keep the share price at a realistic level in the quieter periods or it will get walked down on low volume, with large spreads. Other wise, the danger is that this goes sub 5p and then even with a couple of great pieces of news it only goes back to where we are now, or lower. I suggest that maybe a CEO with experience is needed, rather than Suzy who is by all accounts a great Scientist, and really decent person, but has zero past CEO or corporate experience at this level.
This proposed deal should be known as the Maris Revenge - after the April offload then the cash pot alone will be 5p per share (about the same as SHolders are nearly guaranteed in the short term. Better off pumping the well dry and the flogging Hurricane and any remaining assetts as a Shell Company.
Absolutely shocking proposed TO and the fact that the BoD are recommending the deal shows their total contempt for retail investors.
Not sure what Berstein is playing at either.
So about 5p give or take guaranteed now, with potentially a few more pence in the next couple of years if the Company keep producing from Lancaster or any further acquisition. You are having a laugh
The fact that II's and the clever longer term retail investors aren't buying - probably shows what a terrible deal this really is.
I may buy a few just to vote against it :-) - for old times sake.
Is Suzy being taken for a mug, or is she taking Shareholders as mugs - possibly a bit of both. TheoRmX were given a deadline - the Company should have stuck to it.
I question now, if Suzy really has what it takes to be CEO as she has created zero value for shareholders.
Look at Doggers posting history- he has called every share incorrectly every single time. Check and you will see that every time he says a share is going to fall - it rises 50+%. All there for anyone to see.
Forecaster, with his posting history - if he was shorting he would have washed out the market a long time ago. When they do, they ussually hand around like a bad smell - sounds familiar. X
Everytime Dogger predict the fall in a share in rises 50%+, his posting history is laughable with 100% wrong calls across quite a few shares. Best advice is back everything that Dogger says will go down. His posting history is there for all to see.
Good luck anyway fella, one day you will get lucky and get one correct - it just doesn't look like it will be 888
Maybe but I think this will be back above a quid before you know it. An RNS saying that they have conducted the enquiry and are reinstating some, most, or all of the suspended accounts - this will get the SP back up and running with anyone that jumped ship trying to buy back in.
Large debt after buying WH, but with 1.2-1.4 billion in revenue per year then there should be no issues on that front at all.
Any, with a sub 73p average - it won't be long till its showing a healthy profit for moi.
Have a good weekend.
Looks like a decent punt (pum intended) for an initial buy in - thanks.
Are they done selling ??? - I don't think anyone on here really knows - or will they continue to sell down if the SP raises a couple of pence, and the liquidity allows them to offloads without dropping the SP further.
The bottom line is no one on here knows what the settlement will be - nor how much will end up coming back to the Company - which also means that no one can work out the true Value of the Company or where the SP should be. A low ball offer also means the remaining IP, which some put a relatively high value on, is reduced considerably. Why would anyone now buy or license the technology when they can settle in Court for a fraction of what it would cost them if they went through the "proper" channels.
DWStudios, no you are not correct - they reduced to 13.69 % on Friday - quite possibly less if they are contuing to sell - they held just less than 20% before rapidly selling around the time of the first settlement RNS (crossing the 17% threshold on the 6th declaring on the 10th). If they are still selling it will be a slower rate than before to avoid crashing the SP into the 20's.
The sooner the Company disclose a ball park figure they are expecting (rather than saying its towards the lower end of the guidance - what guidance?) the better.
LOAM are not distressed sellers, they know the likely settlement more so than anyone on here - my question is that if they expect 250million to come back to Nano then why are they selling when the MC is 110-130 million - that is a Red Flag in anyones book.
NOANs actions suggest somewhere between 50-100million after costs. My opinion only.
DWStudios, no you are not correct - they reduced to 13.69 % on Friday - quite possibly less if they are contuing to sell - they held just less than 20% before rapidly selling around the time of the first settlement RNS (crossing the 17% threshold on the 6th declaring on the 10th). If they are still selling it will be a slower rate than before to avoid crashing the SP into the 20's.
The sooner the Company disclose a ball park figure they are expecting (rather than saying its towards the lower end of the guidance - what guidance?) the better.
LOAM are not distressed sellers, they know the likely settlement more so than anyone on here - my question is that if they expect 250million to come back to Nano then why are they selling when the MC is 110-130 million - that is a Red Flag in anyones book.
NOANs actions suggest somewhere between 50-100million after costs. My opinion only.
The FCA are underfunded and toothless and unlikely that they would be able to pin anything on Lombard Odier. But I do agree that the time between the two RNS's gave them ample time and liquidity to reduce substantially. Another question is - have they stopped selling or are we looking at another RNS Mon/Tue to tell us they have gone <14 or even 13%.
Unlike anyone on this BB, Lombard will have a pretty good idea of what the settlement is likely to be - would the really be sellers at those levels if they thought there was going to be 150million coming back to Nano after costs.
Hawi, good posts and you are correct that no one knows the final figure that will be agreed - not so sure when you say no-one reads the full RNs - I suspect that lombard have a better idea than most on the likely settlement and certainly will have read and researched every peice of info available before reducing their exposure. They are not a distressed seller and the fact that they appear to have stopped selling for now may suggest that they think the SP is about right- for now. Time will tell
Gino, One post or 100 post it matters not, - although if you looked back a little bit further, I have voiced my opinion on Nano periodically over the last 4-5 years, sometimes calling it correctly, sometimes not.
Not personally interested in debating the Scottish Independence part of the thread, although if they do go that way then I hope the Shetland Islanders do the same and get their own independence fae Scotland and a lot of oil to boot. Joking aside - those that are spouting about CA breching regs by pulling the motion are talking nonsense - CA are on the inside, they have more info than the average Retail Investor - but they are not trading at the minute - so above board.
And someone should tell the PM and half of this b-board that Hurricane are not operating in the North Sea (it's the UKCS) - thats for Andy :-)
Get real guys - the BoD will at the end ofvyhe FSP recommend what they think is the best bid or say that after they recieved multiple interests that none matched what they think the company is worth. If that were the case then any suitor could then try a hostile takeover - this would only come from an entity not involved in the FSP and as such had not been given info to conduct their DD, or someone involved in the FSP once the process was declared over. Steiffel will let the BoD know what firm bids they have recieved if any, and recommend them to the SH. This could be a cash bid, combination of Cash and Shares or just shares in the new Company. I also wouldn't rule out an RTO with some company wanting a listing which alone would be worth 10's of $millions - that, with the Cash in Hand, $20 millions of equipment Sat in a warehouse - plus other assets isn't far off the current MC. Add that to future production and the value of the tax credits and you then see why there has been a huge amount if interest.
Top Trade, correct in that there will be no public bidding war, but it will not be a sealed bid type situation either - and any suitor will no doubt be given the chance to uo their bid if it isn't the "best" one.
Expecting the sale "to be complete" in 28 days is totally unrealistic- try 3-6 months after shareholders have rubber-stamped any recommended offer that the BoD make.