Member Info for Corryvreckan1

To be clear that's 75% of those who vote, not 75% of all shares in issue.

As it stands, would need minimum of 300m shares (15% of total in issue) voting against at the GM to block it, and the actual total will be higher once more For votes are added to those so far declared in the RNS. That won't come from PIs alone, need some of the other IIs to vote No as well.

Dave – “a deliberate action” – by who exactly?

LSE absolutely cannot access any broker’s records – those are private between the customer and the broker. Financial services providers can only receive the regulated data provided directly by the market. The number of London SX trades averages up to a million a day – how do you think LSE can possibly get detailed access to every one of them?

All financial service providers have to pay London Stock Exchange Group a fee to receive a data feed that includes most of the data in the Share Trades section above, except for the buy/sell split which I described the workings of earlier. That is a fairly recent addition to sites like this and similar others because they think it adds some value for their PI customers. However, because it is widely misunderstood, and often inaccurate, it is of less value than many PIs think but it does play into the hands of the rampers/de-rampers because of that misunderstanding.

Look at Glencore – over 37,000 trades today, the price fell steadily all day and ended down 11%, yet LSE indicate 61m shares bought and 22m sold. That’s because their ‘mid-price’ algo can’t cope with that volume of trades when the spread is shifting by the millisecond. Ignore the buy/sell on here and just concentrate on your own trade/investment decisions.

DaveG - The stock market never reports the direction of a trade - whether you are buying or selling - it just reports it as ‘a trade’.

The Buy/Sell section on this site, and many others offering a similar service, is just running a simple algorithm to compare each trade price to the mid point of the reported spread at the time of the trade. If your broker got you a price below the mid point of the spread then LSE will display it as a ‘sell’, if above it displays as a ‘buy’, if bang in the middle or late reported then it's normally ‘unknown’. It's just a guess/indication that works some of the time but by its nature is of limited use, particularly when there is high volume and quick movements in the spread.

No changes announced, although sometimes small details come out in notes afterwards.

Most of the budget was directed at people and households with just a few changes for business - including Corporation tax up from 19% > 25% and new deduction allowances for investment in machinery and technology - so nothing likely to impact Hurricane much.

viable – the November presentation stated a then current “60 day barge round trip” but also a strategy to “Reduce round trip time for Brazilian route to under 50 days”. That strategy was re-stated in the February presentation but with no timetable to achieve it (ref. slide 13 in both). I guess achievability may be clearer once the current operation is completed.

Thanks for the analysis Sturm, although I’m not liking that chart on page 18 as I was forced into doing some primary school level arithmetic to work out that $100m. Grrr! Agree with you on Osheki.

They note on page 19 (and not for the first time) “quarterly and or special dividends” so perhaps a nice chunk up front to reward our patience and then maybe a further 2 x quarterly until they see how conservative their guidance has been, and with a falling share count from the buybacks that might lead to a larger post year end final divi?

I’m kind of with you there flyingpie. I think the FSP has taken longer than the BoD anticipated, and announcing a possible Q1 capital return way back on 2nd November was perhaps a bit panicky in response to the 7.7p offer received.

I would not now be surprised at an RNS stating that the interested parties need a bit more time and so any possible capital return will be pushed back into Q2. I suspect they may also announce a new deadline for FSP offers to be received by, perhaps end of March given the time now elapsed, and that might help bring some clarity to the timetable.

Last Ops update was 11th January, I think they said they were moving to quarterly? so mid April expected, but bring it forward a few weeks as they have to make a statement about the capital return before then…

Kever - “CA would never tell you such private information via email.”

It’s not private.

The first sentence in that email was already as noted in the very ‘public’ RNS that hxulcolrdoh provided a link to and even quoted the relevant section from. The problem came from hxulcolrdoh then trying to ‘interpret’ that statement as meaning something else, without paying regard to standard accounting practice.

The second sentence “So to be clear, if we sold out at 6.7p, the profit on our investment would be £43 million.” is exactly what anyone with an understanding of company finance and market regulations might reasonably conclude for themselves from the first sentence. So again - not private.

I condemn you to drink tea made in a microwave for the rest of eternity…

[I'm not speaking for senseman here, nor would I ever assume to do so. I'm just stating facts.]

hxulcolrdoh – I can understand how you may have come to your interpretation, the word “Having” at the beginning of the line you quote might give you licence to do so initially, however, you then also need to apply the words “banked profits” to the process.

Any profits banked go into CA’s retained earnings and can then contribute to the distributions paid out to their shareholders, or to support further investments and running costs. Those profits can’t, then, also be available to offset against the cost of their investments (and their Articles of Association wouldn’t permit that anyway). That would be double accounting, which is a crime just below making a cup of tea in the microwave!

An RNS on Monday would be for XD on the 23rd. May not necessarily affect the payment date, although Easter hols (7/10 April) may need to be taken into account by the Registrar, but payment Fri 14th would still be a likely date.

It can only go XD next week if they issue an RNS today to announce it, otherwise it will be the following week. London SX regs have a fairly strict timetable on that.

A bit more detail on the Investor warrants – they expire 18th June and there are 38,284,315 outstanding per today’s RNS, @ 16p each = £6.1m receivable.

It's XD on the JSE today, on the LSE tomorrow.

99% of UK listings go XD on a Thursday (exceptions to this can be applied for).

If anyone hasn't seen it before, this link is to a handy pdf from the LSE about their rules on dividend timetables, etc.

WARNING - this will automatically download / open the pdf on your device:
https://docs.londonstockexchange.com/sites/default/files/documents/dividend_procedure_timetable_2023.pdf

Sounds about right donalb.
I had pre consolidation at c.163.6 - so 1636 needed now to stay even.
Price dipped on Friday into Monday but has recovered a bit now.
May remain a bit volatile until folk sort themselves out / pending details of the RI.

The buyback hasn't started, they need to issue an RNS to advise when it has and the terms under which it will operate. They will then issue an RNS each day to advise how many have been bought. Also, from 16th Jan RNS:

"The Company will commence its return of capital program post retirement of the Company's corporate bonds of $80 million, which is expected to occur by the end of Q1 2023."
and
"A normal course issuer bid and dividend declaration could commence in March 2023, in accordance with the Toronto Stock Exchange trading policies."

So we will be informed first of all once the bond has been repaid, and then when either buyback or dividend are going to happen, by RNS, before they start. All should be clear in March.

… which they have now issued a correction for.

The comms from the company was the RNS which says those were sells. But I'm with Larus on being confused as to why they are sells if the Options were just lapsing?

But if you are referring to the Alliance News report published yesterday, and available to read on the Share News button at the top of this page - they got their story from the same RNS as everyone else. They provide an email address on their news reports so you can contact them directly to ask why they think those were buys.

MikeS02 - thanks for the clarification on the Government. I'm reading the full FAQ now and can see what they were meaning.
https://www.tuigroup.com/en-en/investors/agm

MaryBr190's summary below has the answer to the following Q in that place.

Agree with the sentiment in your last point.

Nael, some more tldr for you:

The stock market never reports the direction of a trade - whether you are buying or selling - it just reports it as ‘a trade’.

The Buy/Sell section on this site, and many others offering a similar service, is just running a simple algorithm to compare each trade price to the mid point of the reported spread at the time of the trade. If your broker got you a price below the mid point of the spread then LSE will display it as a ‘sell’, if above it displays as a ‘buy’, if bang in the middle or late reported then it's normally ‘unknown’. It's just a guess/indication that works some of the time but by its nature is of limited use.

As Sturm says - look at the actual share price instead, not the colour. Also, if the 'reported' spread is wide you can often work out where the ‘live’ spread in actual operation is by looking at the trade prices. So on Wednesday the 41.4/5s were sells but the 41.7/8/9s were buys, despite being marked on here as sells because they were just below the mid point of 42.

Dates are on yesterday's RNS, available via the RNS button at the top of this page.

Also, from the Q&A notes:
Q Will this be the last capital increase or will there be others?
A Let's body swerve that question completely and answer a different question!