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This is great news, 20% premium for the shares and 45% premium the warrants. I’d expect other IIs to follow. How many shares are afloat? If that many relatively speak, there will a squeeze which will additional pressure upwards for the sp. Add the drilling in Argentina next month followed by updates on block 1 then block 3, the share price will keep an upward trajectory for weeks to come.
Bandit1, with your point below (to justify selling- why still posting then?), are you implying Haleon and other distributors will drive a bargain to bankrupt Fum lol? How then are these distributors going to make money in that case after spending 10s million in marketing etc…? Well this is what you’re implying. An inanimate cartoon character would have some humility in comparison lol
“The Haleon team would have driven a very hard bargain and our less than impressive duo would IMO have struggled in negotiations when sitting across the table with Haleon negotiators. It could take 18 months from announcing the Haleon deal last June, to launching. Let that sink in. Sure, the launch may come sooner but we seem to be entirely at the mercy of our distributors who are clearly calling the shots and all Barder does is to hide behind NDA’s.“
LtotheOG, why “except when the US launch”. Why are people ‘frozen’ to the time the US launch next, as if nothing is happening before that time? NOW they are several launches in Europe, in the Middle East and Latin America and the sales in U.K. and Belgium are going very well, capturing 20 PER CENT of these markets. James as these launches take place and the regulators approval is graven in SEVERAL countries, SHAREHOLDERS WILL BE NOTIFIED, ie a FLURRY of rnsSSSSS are to start anytime from now which will motor the sp non stop. The US launch will be the icing on the cake, simple as that. There will be also China and India too, for sex knows no politics, culture or borders lol. its not unusual for the market to misinterpret results and then wake up few days later. Plus over the last 3 years the AIM markets particularly the small cap companies have lost over 90% in value for those who complain about Fum sp has actually done pretty well in comparison. There will be IIs piling in soonish. So a lot of positives to motor the sp in the not too distant future. If you’re an investor then patience is the name of the game. If you’re a trader, that’s gambling and better go to a betting shop you’re in the wrong place here- gambling is always loss making anyway. Gambling principles don’t apply to investment, simple
The Mail article seemed to have been working around the fall in the share price, thus giving (wrong) interpretations of the results. Fum never said there were difficulties around sales lol. The results were excellent: £3m revenues, £7.7m in the coffers, 20% market share in U.K. & Belgium, penetration in Latin America and the Middle East, even mentioning China. People were wrongly disappointed about the US expecting some announcement now, when it’s been clear this had been further away. What people didn’t pay attention to was James saying applications with various regulations around the world have been made and awaiting approval announcements + the launches in the other 10 countries mainly European are being made as we speak and that SHAREHOLDERS WILL BE NOTIFIED ACCORDINGLY. In other words they will be a flurry of announced rnsSSSS before the U.S. launch. This and James saying he’s been approached by IIs investors will keep the share price in an upward trajectory til the US launch. Do people really think the world biggest consumer healthcare Haleon is spending millions for the launch without having done due diligence?
Before the presentation I posted that PIs are selling for the IIs to accumulate cause these are fantastic results. As James said he’s getting more interest from IIs and considering we are at commercial state of the product being rolled around expect IIs to pile in big time in the next few days and weeks. Those selling today will regret it big time hy next week. Those putting a negative spin on it are traders not investors….and loosers cause trading is loss making as “no one can time the market” per the old city adage, but some idiots keep banging their heads against the stock market wall til their pants drop to show they use their bum not their brain lol.
Buffaloben are you for real? The “going concern” is a requirement by the stock market regulation for every company announcement in its update. 1st revenues and profits and 20% market share for a small company, profitability in 2024 and 2025, 7m in the coffers while marketing and distributions cost met by distributors, foray into the Middle East and Latin America after Europe and the USA. Why put a negative spin on it?
Fantastic results with revenues and profits for the first time and excellent 2years 24 & 25 ahead with many deals in the pipeline to be announced, yet PIs sell after every results irrespective lol. We’ll sell to the IIs who will only be happy to accumulate in the next few days and weeks. CityAm newspaper states the brits took more money out of the stock market than any of the western countries. The biggest pension fund manager Phonix said U.K. Pension funds invest only 5% in the stock market well bellow others countries and urged to the government to do something about it. Are we doing Brexit in everything lol? Ie keep shooting our selves in the brain & bum lol
JohnBriggs, you spent the 4 Easter days on here every day all day sometimes til midnight. I feel sorry for you for the miserable life you must lead. If you were a successful investor, you’d have spent those 4 days away having a lovely break, like many here must have done.
Not even someone to keep you company? You must be wetting your pillow nightly. Make yourself useful for once and join the army for your country; they are looking for canon fodders.
I don’t agree with you I’m afraid. CEG got £12m from Chevron for block1. This hasn’t been fully reflected in the share price and so a rerate is in progress now the sellers are out- 10% up in 2 days. We will get another farm in payment for block 3 which the CEO said is being accelerated. I suspected they will get a better payment for block 3 as it’s surrounded by blocks of other majors: CNOOC, Shell and Petrobas. These cos will battle it out to add block 3 to theirs. And they will prepared to pay a premium, particularly the Chinese cause of the size of their economy and cause of the trouble in the Middle East eg disruption to shipments in the Red Sea and fear of the conflagration of the area which always add a payment premium to merchandise inc oil.
So the potential of the above factors will increase the sp much much further that even if a raise is contemplated, it will be done at multiple of todays price.
Has it gone private or closed?
Don’t know what to make of today’s rns it’s 2 edge sword? The suggested demerger is a great potential for the share price appreciating upwards, but chart needing funds may indicate troubles ahead. But at this price the risk is worth it imo.
Euston2283, what’s your problem? I see no post that your response is relevant to. People are naturally upbeat on their investment and with good reasons given 2 excellent updates and media reports.
Hopefully this is the start of the expected rerate. 2 excellent news in as many weeks. Farm out for Area 3 should follow soonish. I’m sure Chevron should have shown interest and have a first look in. Shell and the Chinese, particularly the latter would also be interest considering China’s oil needs to fuel its huge economy especially in light of the war in the Middle East. Consequently the need and so the speed to explore in calmer shores would make CEG’s assets and farm outs terms very attractive to CEG.
JohnBriggs, over the last 30 days, you post 34 posts: 4 on 2 other stocks and 30 on CEG only, yet all the 34 posts only to deride the 3 shares and in a manner to antagonise other people. Are you invested in no shares to post on, having maybe lost all your money and hence you’re bitter posting on shares you have no interest? Or has your wife run away with your best friend, for you strike as the type?
With the rns saying CEG is seeking “a farm in partner earlier” would suggest talk have already started not least with Chevron most probably when discussions were held on Block1. As I said, with other neighbours blocks being explored by the like of Shell, CNOOC and Petrobras, CEG’s will be in a position to demand better terms for partnerships.
Look at the bordering blocks being explored and the companies involved. Will there be a bidding war and early strike leading to a better term for CEG? You bet. Chevron acquired a company for $52 billions last year. Throwing few $100s million for exploration is peanuts for these big hitter in the oil industry, with Uruguay being the new frontier for oil exploration. Great news following on from last week’s.
“The AREA OFF-3 licence covers 13,252 km2 and is situated in relatively shallow water depths, from 20 to 1,000 meters, approximately 100 km off the Uruguayan coast. To the west the block is adjacent to the AREA OFF-2 block held by Shell, with the Amalia prospect straddling both the AREA OFF-2 and AREA OFF-3 blocks. To the east the block is adjacent to the Brazilian maritime border, an area that was subject to considerable licencing in December 2023, with thirteen nearby Brazilian blocks licenced variously to Chevron, Shell, CNOOC and Petrobras. To the south, the block is adjacent to two deepwater Uruguayan blocks, AREA OFF-6, held by APA Corporation (and on which block APA has a commitment to drill an initial exploration well in that block's initial four-year exploration period), and AREA OFF-7, which is held by Shell.“
Oil majors control governments, particularly the US. “Whoever control oil control the world” US officials admit, hence the petrodollars and wars for oil eg Iraq, Libya, Syria etc…. Therefore Chevron to be interested in Gec block, the US government through the NASA using their satellite data must have given some info to Chevron. There are also other big oil cos such as Shell exploring in the area. This is one in a life time opportunity for a minnow such GEC and shareholders alike. I have followed GEC for years and thus is the 1st time I invested heavily in the stock. IIs will soon be piling in, they understand how oil and politics are intertwined better than PIs, cause they themselves are part of the corporate world and politics in addition to paying for consultancy services in strategic investing.
Growthinvestor20, So you really here spending all time to relentlessly post putting down arb just to save people losing money, lol. Is you’re that good making money on stock picking, why aren’t you elsewhere making money instead of wasting your time and others. Doesn’t your good nature extend to not mess with other rightful rights to their r investment or chat board? Weird