The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
The latest IOG presentation which was updated earlier this month includes : Harvey Appraisal - Material Upside - 100% owned Current activity: � CPR due October 2017 � Reservoir modelling and well design � Drill or drop well commitment by December 2017
Obviously not looking close enough! SRON have been suspended since Oct 5th pending a decision on an acquisition and the creation of a larger company Coro Energy.
James Parsons and Sara Edmonson introduce Coro Energy https://www.youtube.com/watch?v=sLEaAARTnRE&feature=share
Reverse Acquisition - On 19 April 2017, the board announced that the Company was investigating a number of potential reverse takeover candidates in the oil and gas sector and was focussed on completing a suitable reverse takeover transaction as soon as possible. Given this decision, the Company became an AIM Rule 15 cash shell which requires the Company to make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM rules by 12 October 2017, otherwise trading of the Company�s shares on AIM will be suspended. If the Company does not make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM rules within six months of such suspension, the admission of the Company�s shares to trading on AIM will be cancelled.
69.5% of all shares ar locked in for a year. This leaves a free float of 60m shares. Already over 25% of that have been traded today.
From JAN Admission Document 10. LOCK INS AND ORDERLY MARKET ARRANGEMENTS Each of the Locked In Shareholders has undertaken to the Company, Strand Hanson and Beaufort Securities that they will not dispose of any interest in the Ordinary Shares held by them for a period of 12 months from the date of Admission and, for the 12 months following that period, that they will only dispose of their holdings with the consent of Beaufort Securities and then through Beaufort Securities from time to time so as to maintain an orderly market in the Ordinary Shares. In total, 137,355,600 Ordinary Shares representing 69.5 per cent. of the Enlarged Share Capital at Admission are subject to the prohibitions on disposals described above in this paragraph 10.
For info GUN has previously invested in Oyster Oil & Gas (at more favorable rates). Gunsynd is investing CAD425,000 (approximately £247,000) at a price of CAD0.40 for 1,062,500 shares in Oyster. The Company will also receive one warrant for every two shares subscribed for, at a strike price of CAD0.45 exercisable up to 18 months following closing of the Fundraising. Gunsynd already holds 2,000,000 shares in Oyster which it acquired in January and March 2017 for a total consideration of £290,000; following today's subscription, Gunsynd will hold 3,062,500 shares in Oyster.
Despite generating £1.2m of net cash from operating activities (2015: £1.3m), year-end net debt was £7.6m (2015: £6.2m). It is clear to the current Board that an equity injection of up to £3m should be sought to support ongoing growth, and discussions with strategic investors are underway to enable this to happen. To this end, in order to maintain the Group's flexibility to raise further funds for such an equity issue, as well as being able to issue shares in relation to legal obligations that already exist including contracted follow-on acquisitions, the Board proposes to seek authority at the forthcoming AGM to issue up to 163.1 million new shares (being approximately 50% of Porta's existing issued share capital) with 130.4 million of the authority to issue new shares (approximately 40% of Porta's existing issued share capital) being on a non-pre-emptive basis.
Remember, its not FIPP , but Exscientia who have the Sanofi collaboration. FIPP hold 5% of Exscientia.
Should note that FIpp hold only 5% of Esscientia From FIPP website EXSCIENTIA LIMITED As at 31 December 2015 – Frontier IP Group holding – 5% Sector – Life Sciences
Any trade made at below mid price - nearer the current bid price will show as a sell. Correspondingly any trade made at above mid price - nearer the current offer price will show as a buy. Pure arithmetic.
From RNS in May 2015 Corac (AIM: CRA), the specialist engineering group focused on the aerospace & defence and energy & process industry sectors, is pleased to announce that in line with the resolution approved by shareholders at the AGM on 21 May 2015, that from Monday 1 June 2015, the Company will rename as TP Group plc. The change in name is another step in the Group's substantial progress migrating from a research and development driven company to a growing and diversified business providing specialist engineering, technical services and managed services to global high technology markets. The ongoing Group strategy is to deliver these capabilities to our core sectors to achieve organic growth, and to make targeted acquisitions consistent with these goals. The new name continues to acknowledge our technology heritage and captures the partnership approach with our long term customers, suppliers, collaborators, investors and staff.
it was http://www.investegate.co.uk/parallel-media-group--paa-/rns/pmg-launches-k-pop-division/201210300800027992P/ My last post here. Cheers. :-)
He's said a lot of thing over the last few years - have a look at previous RNSes and his comments on the website - if they're still there.
laughing :-)
He's been giving loans for some time now. From May 2013 http://www.investegate.co.uk/parallel-media-group--paa-/rns/loan-funding/201305031611080241E/ Nothing much come to fruition since!!
Have to agree. Don't normally post about companies where I've sold out (at a large loss some time ago) , but PAA is an exception. Promises were made and broken year after year. Finally concluded that for DC , PAA was a hobby - his time and energy seems to be spent more on non-profit making contributions to the art world. IMO.
TP Group soared as it reported full-year performance would likely significantly exceed expectations. The firm, which provides air purification equipment for submarines among other things, said recent contract wins and a strong order book meant earnings were set to be higher than forecast. Last week TP said its engineering business had won a two-year contract with GE Oil & Gas worth £1.5million. In the six months to June 30, TP reported revenue of £9.4million, up 13 per centon the year before. Shares yesterday soared 21.9 per cent, or 1.12p to 6.25p. http://www.thisismoney.co.uk/money/markets/article-4034178/MARKET-REPORT-Victoria-Flooring-shares-hit-ceiling-following-purchase-Australian-firm-Dunlop-Flooring-20m.html#ixzz4Sr5iJWWX
Today's announcement just adds to a growing list of very impressive partners: From recent results RNS: The Partner Channel has continued to develop during the period, maintaining and building stronger relationships including the Joint Business Relationships with PWC, Xerox and Genpact. New partnerships were formed in the year with Microsoft and Deloittes USA.
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