My understading was that there are only two 30 day closed periods with regard to the half-year and annual results.
No other closed periods?
Also, that AIM Directors can trade at any time outside these closed periods, it's just that if they are aware of any price sentistive news they need to delcare so when getting internal permission to trade, and it needs director approval before they can buy/sell under MAR.
Disagree that there would not be material news in the period since the placing. Material news can and must be announced at the earliest oppportiunity.
They would not hold back price sensitive news just because there was a recent fund raise
The price drop may make it more attractive to potential II's, but it could equally prevent them from buying if they have minimum mcap requirements, or minimum value for any holding.
Current volumes could mean it taking several days/weeks to build a decent-sized target position too, so not ideal
Some good posts, Ogggs.
I'm sure much will be quickly forgotten, or refuted with the usual 'yes, but...' arguments.
Shorters also need liquidity, and this has only exceeded a daily volume of over 2% of shares in issue once in the past 3 months, hence why there will not be much appetite for it here currently, imo.
Hoping for a tick up here as we approach race weekend 2, with perhaps some more good PR at the event, and maybe even some even more positive news.
Not seen much on the build up to this yet. Have not been following too much tbf, but the broadcasters don't seem to be promoting it to any real extent, perhaps there will be more as the week progresses.
Did they release any audience figures after race weekend 1?
I don't feel the "... coming very soon" should be interpreted as being any different to the Q2 launch announcement in the 15th Feb RNS.
If there is a delay of any kind, they would need to let the market know, but I would still consider any time in June as being on track for a successful launch.
Early June better all round, obviously, but unless we hear anything to the contrary happy with news flow to date.
Added some more today in anticipation of news to come.
There is a picture of PW stood in front of the charging unit, but no visible name
There are articles in the mainstream media too with pictures and videos giving plenty of Extreme E exposure.
No mention of anything 'AFC' in the DailyMai.
The Mirror has the following sentence "The Duke of Cambridge visited a racetrack in Fife, Scotland, to view motorsport company Extreme E's hydrogen fuel cell for charging cars using zero-emission energy".
The Sun has this "During the visit, the duke spoke to the developers of the technology, asking them not to go into too much detail, joking it would go over his head.
He said he was "amazed" at the technology, praising its ability to use waste water from the energy process to wash the company's race cars."
AFC gets a mention these reports though:
Sunday Times: https://www.driving.co.uk/news/motor-sport/prince-william-extreme-e-electric-off-road-racers/
Very altrustic of you supporting user growth by sharing your sign-up link, Ben ;-)
Now, call me a cynic, but I note that on each of the 6 occasions you have posted this now, you haven't mentioned that you will also gret a £20 reward for each new sign-up.
It would be interesting to know how much you have made from your fellow investors, and friends and family this way.
All's fair, right?
Good weekend all
I get that it may make sense now rather than later, but I would much prefer them to action what they have.
If they are then producing what they expect from the existing 2 wells, then I would have no problem with the extra cost for the new work, or the time at that point
Who's to say that this drilling will not delay first gas by weeks, or longer?
We have been waiting long enoigh already, imo
Happy to agree to disagree on this.
Regarding the bod buying shares, I am not remotely interested in this.
It seems to be something that yourself and others have brought up as a means of trying to bump the SP in the short term given that the funding news hasn't done that.
Not sure why the bod should be expected to do this, or why some here think it necessary, and I don't get the cajoling of others to post an IQ on the subject. If they do not put up 1 question on the matter (or two as it seems), why bombard them with multiple requests on the same thing?
It doesn't achieve anything other than suggest investors are being petty, and only have their own short term interests in mind, and that's not the type of investor that the company will be be too concerned about taking seriously.
The lack of IQ's should not be seen as a bad thing. It is not compulsory to have several IQ's to answer every month, and we have received the majority of updates in the last RNS and in recent updates.
The company should not be in a closed period.
As far as I know, the only time a company is in a closed period are the 30 days prior to release of the final year results, and also the 30 days prior to release of the half-year results.
The final results were announced back on 9th March, so the next closed period should be around August/September, with the timing depending on when the half-year results are scheduled to be released.
Having said that, not expecting any director buys, the chat on this seems a bit of a side-show due to the lack of SP movement on the funding news.
I was expecting a move on the funding news, but perhaps that will only occur on the next update to confirm drawdown and the other o/s points.
Also, the announced 3rd production well drill, prior to the reconnection of the existing wells could be a factor in the static SP.
I for one, as ever, would much rather they just get on with what is there now, before undertaking additional work which will mean further delay. Why can't they hust concenttrate on one thing, the small matter of reconnecting what is there in order to generate some cash?
Angus always trying to run before they can even stand up, let alone before they can walk.
The attached talks about Somerset as a possible site
Link to an older pice
I have no intention of becoming the resident board grouch, but in more than 3 years on these boards have seen every share chat turn to carp eventually.
With some of my investments it is not even worth reading the boards as there is probably less than 1 in 10 posts actually on-topic out of hundreds posted daily (and maybe 1 in 10 of those of any interest).
Just looking to enjoy the 3 or 4 remaining useful boards that I frequent while they are relatively quiet and informative.
I have cut down greatly on my posting in recent months and tend to post only when news, or if I feel I can add something relevant (debatable).
Anyway, back to CUSN, let's see what tomorrow brings.
A day closer to news
It is marked 'UT. so an Uncrossing Trade.
There are a number of auctions thoughout the day, I believe.
A pre-trade, before the market opens that will determine the opening price, and a post-trading one that will determine the closing price. The result of the auction may not change the price, but it can.
The share can go into auction during the day too, but not sure the reasons behind this.
The below link has some info.
No offence intended, but please lets not turn this board into a clone of every other LSE board with the conspircacy theories and BS chat about '1 code mean RNS coming', or the equally mythical shorters comments.
To date, this has been a pretty decent board with some good posters and some great local knowledge being shared too.
It would be good to keep chat to research and factual market commentary.
Again, no offence, it's just tiring seeing these misleading comments bing repeated daily on pretty much every single LSE board
The last 3 trades from yesterday weren't likely to have all been buys, and they were late reported trades from the 17th, not trades on the day.
See separate 'Trades' thread from yesterday after market close with comments on these, it's all on this current page
I would say the 300k trade was more likely a Buy as it looks above the mid (15.35 executed vs 15.15 mid).
The 500k and 200k both likely sells as both below the mid (15.125 executed vs 15.15 and 15.14 mid).
Likely, but not definite, no one really knows without access to official LSE end of day trade report.
Good to see some chunky trades though either way though.
Volumes, although higehr in the last 2 weeks are still lower than 3% daily, hopefully picking up futher soon
Can't see that they are publicly listed, so no available pricing and no ready market as such.
I would suggest that you contact your provider directly on this.
They should be able to obtain a quote for you, or at least give you a price.
If they have any holdings via their own accounts they will obtain pricing on a regular basis, perhaps quarterly, in order to be able to provide an up to date valuation on any accounts that may hold the stock.
This may be from contacting the company themselves and asking what they value the shares at. They can either arbitrarily decide what they think it should be, or go on the last traded price whenever that may be, but your provider will determine of this price is 'reasonable' going from any previous trades/updates.
The difficulty may be finding a buyer, so it you do want to sell, it could take (a long) time, unless you are lucky, and you may not get what you think it could be worth, so best be prepared for this and hope for the best.
There may be additional costs, or requirements to actually trade and settle the transaction too as I expect that it will not be traded via an exchange and settled in a standard manner. Best to ask on this upfront.
If your provider cannot help, maybe try someone like hargreaves Landsdown, but it may require extra hoops to jump for KYC, identity checks, etc if you do not have an account with them due to money laundering regs.
I am confused as to why posters are suddenly making such a big thing about taking shares in certificared form, or putting stop losses on at many multiples of the current SP in order to somehow stop MM's from borrowing their shares to short this (I can guess though).
- It will make zero difference, simply because many millions of shares will be held in Funds who WILL be permitted to lend their shares out, if the Fund Manager so wishes (it could well be part of the fund srtrategy).
- There is NO evidence to suggest this is being shorted in any case, certainly not to any extent that it will make any material difference to the SP (e.g. nothing on the official register, although there are exemptions here, as always, as not all borrowing needs to be disclosed - see link below).
- IF this were to be shorted on any scale, it would definitely be on the official register. There would be no way to 'hide' huge short positions from the regulator/market.
- Shorting requires liquidity. The average daily volume here is circa 2.5% of shares in issue. There is simply not enough liquidity for this to be shorted to any degree to make a difference to the SP and be worthwhile for whoever may want to do so (imo).
Please can we stop all this talk about MM games, manipulation, shorting.
Yes, it is always a possibility that something may be going on, but highly unlikely, and not on virtually every AIM stock, if you beleive a lot of the posters across these boards.
It is just scaremongering by some, and perpetuating BB myths that abound across all of these boards.
Whenever the SP goes down, there is always some suspicious reason for it, it is never due to more reasoned, explainable and likely possibilities.
Funny how when the SP is rising rapidly, there is never any concern about why that might be, it all becomes a back-slapping fest and anything else is quickly forgotten with talk of 'bags', luxury cars and holidays.
Just my opinion, of course.
There will always be others that disagree, or come up with an extreme example, or two to 'prove' anything could be going on, either way.
Shorting is not even a remote concern for me here.
There was an article from October time last year about a partnership agreement with ABB/Lion Electric to provide and service charging equpment.
As Staggers stated though, there will be many off-grid locations. Perhaps the Lion agreement will cover the serviving, but who will be handling the provision?
Surely there would be a need for manufacturing capacity in the U.S.
Good weekend all