Member Info for Crocqman

I think it is pretty clear that Revolut do want a banking licence and it is regulatory concerns that have delayed them doing so. They have made strides towards it such as changes to their management structure, but more needs to be done.

Don't forget the hoops that mode had to jump through to get theirs, particularly giving up their reward scheme which ultimately made them less attractive for users and pretty much stopped the good progress they were making.

Achieving the banking licence probably cost mode dear at the stage they were at, but Revolut are a much bigger proposition and likely need one for growth in the lucrative UK market and the gains likely outweigh any consolation for them doing so.

Imo

"Funny how you all go dead quiet when it goes back down again... and again... and again..."

Says the guy who disappeared for 10 days when it rose from sub-12 up to 16 and only returned when it dropped again. So transparent.

Perhaps most don't post because they realise this is a long play and does not need daily commentary and aware that the SP will fluctuate especially when there is no news?

Plaza, what is the significance of 40 days since the Director buy?

Directors can buy at any time other than the 30 days prior to FY and HY results. There is no restriction to any dealing (buy or sell) even if news is expected (imminent!) so long as they get the correct approval in line with company policy on staff dealing.

The director dealing is a red herring, imo, in terms of any news that may be in the offing.

Delay of the receipt of the VAT refund is only highlighting the bod's continuing issue of over-promising and under-delivering, they need to learn to realistically manage expectations and take care with the wording of their announcements.

Despite my positive stance here, this is an ongoing problem with the comms and just helps to reinforce the negativity that some are keen to jump on at every opportunity. This needs to change

Rooky,

My view is that everyone knows this has been and will continue to be a long play.

In the current economic climate, investors are looking ING for quick returns, so this is not attractive no matter how undervalued current investors think it might be.

New investors only likely to jump in on news and likely happy to pay higher for more certainty knowing further gains can be made.

Meanwhile everything is going to plan and looking good. I'm happy now at my target to hold and wait

To be fair, this is one of the few boards I have been on in the last 6-7 years where I can say there have not been a raft of rampers.

This board is one of the quietest I have known for the majority of my time invested.

Most have just been positive and taken what the bod have said and done at face value. That is not ramping.

There has been a definite change in sentiment, and that is down to poor SP performance, uncertainty and lack of transparency from the bod on cash, contracts, company structure, governance, etc. Possibly exacerbated by the suspension last year which seems to have been the catalyst for the big sentiment shift from posters here.

I still maintain that I would rather be in a producer than an explorer hence why I averaged down from my initial small purchase at 1.01 more than two and a half years ago.

I agree this is not perfect, but no company is. Looking purely at SP does not tell the whole story though.

I am still to be convinced that this is anything other than a hold given my current holding but certainly understand the views from both sides

gla

Thanks for this

I have added more today and now at my target weight.

Hopefully the recent slide will start reverse on news

Denby, as long ago as Wednesday and for weeks before you were repeatedly saying this was a strong sell and no one should buy as this was going down to 2p, as well as putting everything and anything here as a negative. And you were laughing at investors losing money.

Since then and over the space of just 2 days you have switched from strong sell to hold and now it is a buy.

I take it the graph is now telling you something different?

Denby, why are you laughing at the SP going down and reducing the value of investor's holdings?

I guess it is more important for you to be right and to tell everyone you are right, eh?

Added some more here today. Now at 75% of my intended target.

Given the current bid/ask, I expect this buy will come up as a sell.

The last reported 'sells' at .8699 may well be buys too given my trade was at the same price, not that current volumes and trades are really worth paying attention too at the current very low levels.

gla

Not quite the £4m figure claimed, but it will be good to draw a line under this business.

How quickly will this process take though, will be the question.

Nice to at least see a positive market reaction to this news.

gla

Imminently ;-)

Hopefully the next update will give some firmer timetable of expected milestones in the process.

It was 4 months between the updates received, so another 4 months will be getting close to the proposed target completion, although that date slipped almost 2 months over the period between those previous updates.

I would expect the shares to relist prior to completion once a formalised deal is agreed, but not expecting any change until 'late summer' as a vague RNS might word it.

I have a Spain trip planned for mid-August which usually means news will land when i am most likely to miss it.

It has been a long wait, but still hopeful of recouping some of my losses long written off here.

gla

I've bought back in today having previously sold at a 50% loss due to need of funds for a house purchase.

This was always a long term hold but circumstances change.

Only at 50% of target weight for now

Binbin,

Correct that TGR sold this product directly to a German buyer.

I believe TSG is effectively an intermediary used to sell to the India market only, and is necessary for for legal reasons for operating in India. This does not fit in with the narrative that some are keen to portray though.

The RNS was positive for me too

Same subwoofer. I had written mine off a long time ago and was just waiting for a bit of a rise on any news prior to the suspension to take the losses and write off against CGT. I am ok for this tax year now, so like everyone will just wait and see. Still looking at a big hit, but anything I can get back here will be seen as a bonus payment. Not expecting much, so expectations realistic. Good luck

Some good points there stevemc

A question. You have posted here telling us what you think management should do. Have you emailed the company with the same suggestion?

If not, it's a bit pointless unless you think they spend their time reading this board for advice on how to run the company.

Why not contact them and report back, if only to complain if they do not reply

I think people are knocking TGR for the sake of knocking them now.

Of course BP would not RNS the price of oil. TGR are not a billion dollar company with huge assets and a worldwide enterprise.

Let's at least have some perspective on this RNS

Those being vocal about the company being taken private will just pivot to a new theory, or continue to call the board liars.

The vat refund will make a big difference and will certainly help with ongoing funding. Let's see how soon 'imminent' is in this regard.

Nothing in this news release to change my gold stance here. The company has taken steps to make changes, enforced or not and some will be more happy than others, as is always the case.

Let's see what impact this news has, if any on the SP today. Volumes will be interesting.

gla

Dyor, etc

Someone who claims to have bought on 28/2 and then started calling for a share suspension the next day. Troll.

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Oh dear, another 'I'm right, everyone listen to me' merchant.

A member for one month posting about buying Ferraris, Bugattis, Aston Martins, diamonds and becoming a stock billionaire.

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