Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
I'm sure someone will post some figures. I'm sure from previous posts that there is also an incredible cost to set up storage too and is something ANGS would be unlikely to manage without massive investment from elsewhere
I would expect that the sweep repayments knock any thoughts of a dividend on the head for the foreseeable future.
Better to get the debt down though until such time as there is another source of income, or gas prices rise by a sizeable amount to make a material difference to income
Tks. Can't see L2.
I will be more interested in seeing it hold onto gains over the remainder of the year.
Still more news to come. My post from 2 weeks ago detailed the following taken from RNS and IQ's all expected before the end of Jan:
Refinancing ('confident' by year end, but no later than late Jan when 6m bridging facility matures)
Update on storage at SFB (talks with 3x interested parties)
Balcombe appeal result
They are also reviewing strategy for 2024 to include items such as:
Comms and media
Brockham
Balcombe
Guidance for 2024
General asset evaluation, future strategy and company reorganisation (staff)
News today is a good start
JC,
Not sure on II's.
While the refinancing may have them looking at the figures, there may not be enough detail for larger investors to look too invest at present.
If they were not buying at 1.5p and above when they had the chance, not sure they would be doing so when sub-1p.
The MCAP is presently still too small for many to be able to invest due to guideline restrictions.
Good volumes today and holding these gains will be a good start, it's just a shame that the news did not drop when the SP was around the 0.60 level rather than the 52 week low. The recovery has to start somewhere though
gla
Not sure it really matters. Shares are suspended so nothing anyone can do anyway.
Whether we are told something now or all news is released on the day the shares relist makes no difference.
If you really want news then follow news for Redwood themselves
Saw this after a reboot and before logging back in, so had to comment.
"There is no share that i am aware of that has extreme daily trolling like Qbt and there is a reason for that. It is a great sign that trolls are willing to sacrifice everyday to this share."
I have been on these boards for close to 6 years and I have seen some very toxic boards in this time. And every single one, without exception has failed to deliver on the excitement that was seen by many at the outset, so 'trolls' posting here is not even remotely a good sign.
What is an extremely bad sign is the emotionally invested dismissing out of hand any alternative view, and the so-called trolls playing on it to get a response. That is what we have here
QBT may prove to be a rare exception, but to think the toxicity on this board to be a good thing is really pushing the realms of reality.
Filters back on, so back to a sea of mostly green
gla
Or, some people will look for the tiniest thing and make it out to be much worse than it is, especially if it reinforces their particular viewpoint.
It was clearly a simple mis-type that was not picked up before release. These things happen and it is not a sign of anything being untoward.
Well, someone posted a very similar tweet from 'our Lady' last week, I think and it was followed by nothing
We are due some news though just from looking back at the more recent IQ's and what the company has outlined
gla
PM,
HY results must be announced within 3 months of the period end, so we will see them by end of December (29/12) otherwise the shares will be suspended again. What a disaster that would be.
Hopefully, some clarity regarding cash and it will be received as positive by the market. Time will tell
gla
Longinvestor,
That was an Uncrossing Trade.
An Uncrossing Trade occurs in the after market auction and only happens when a buyer AND a seller agree a price to trade. This UT trade is both a Buy trade and a Sell trade
I have sold a portion of my shares here today.
I wasn't planning to, but with the decent gains made in the main exchanges of late, I have taken profits on some of my dividend paying stocks, and have used my losses here and on another position to offset for CGT purposes.
Still holding, still well down, but not totally done here yet. That may change in the coming months depending on how the markets perform in general over the remainder of this tax year (I am buying a house so will need to raise funds at some point in the next 3 to 4 months so will time trades based on minimising CGT for this year, or next).
gla
Good luck to all invested here.
With the good rises elsewhere today, I have decided to take some profits on my dividend paying stocks and crystalise my loss here in order to minimise the impact of Capital Gains for the tax year.
I will certainly be buying back in here, and feel that there will be plenty of time to do so before any decent SP moves.
Nothing to do with what the company is doing as I am more than happy with progress and comms (as posted last week), this is purely a strategic decision on my part.
gla
Agree DR777, volume is tiny.
A trade of 1k in value, whether a buy or a sell is not going to be holding the SP back in any way.
Volume today is currently showing as 349k shares out of a total share issue of 4.16BN !! It is nothing.
PI's seem to get too hooked up on individual trades, and the quoted direction is not a given in any case. Although a useful indicator if a string of similar sized (large) trades is seen, volume is far more important an indicator and it has not even come close to exceeding 0.5% daily volume in over 3 months.
This will not change unless there is material news. Daily moves up and down will continue until such time as we see something concrete, cash generating, numbers that the market can crunch and put a value to. imo
Not sure you can really say that there is a seller out in force.
Today's volume is currently well under 0.5% of shares issue and it has been similar for the past 7 sessions, barely breaching 1% daily volume twice in the past 2 months.
There may well be a one or more sellers, but certainly not indicative that someone is trying to dump a big position. Imo
Sometimes trades get booked out incorrectly. A wrong commission rate is applied or an incorrect account number. These are dozens of fields that need to be completed upon execution, so any number of reasons why a trade could seemingly be cancelled and rebooked with no apparent change of information from the required fields that are reported on sites like LSE.
There is no change to the time and date on the stamps for the 3 trades below, so I would say a minor, non-reportable field has been amended.
A trade report, which is what these are, may require a dozen or so fields of information, but the later transaction report which is the final official trade detail that goes to the London Stock Exchange must be correct, so any unseen changes in the background for the extra information required will still get reported as there has been a change to the final detail.
A bit long winded, but there are articles about Trade Reporting and Transaction Reporting, all part of MiFID II Regulations
The long time bond rating will have been preventing some investment too. I hadn't looked into this for a while but see that all the agencies revised their ratings in the last few months which should have opened up some doors for some funds
I've seen suggestive posts saying blackrock have sold so 'make of that what you will'.
The likely reason, imo (although everyone will be just speculating and have zero proof) is that the SP has risen to a level where it is too large a weighting in their portfolio vs mandated holding limits and so they have been forced to sell to stay within their internal mandated guidelines. A breach of any guideline would require action and in any case it would be prudent portfolio management to take profit and rebalance their various and numerous portfolios.
So many people on these boards seem to think that II's and Fund Managers should behave like a PI does when they are clearly bound by totally different parameters and have to act accordingly
Feel sorry for the genuine investors on this board looking for some actual company related content. It's not even 8:30am yet and of the 17 reported posts today by LSE, I can only see the one from Warrie, another infrequent poster due to the constant bickering of the posters I have on filter.
What a sad life it must be, getting up in the morning and their first thought is to spend all day on here publicly trolling each other due to their obsession with what is a pretty insignificant (at present) small cap share.
I have seen it on multiple LSE boards over the past 6-7 years and it really is unhealthy behaviour to be so caught up on something where the odds are stacked against success. Many of us do have that inkling that 'this one' will be different which is why we invest, but to be so consumed by it to spend all day, all night and weekends too on here is pretty desperate stuff.
Oh yes, 'saving other investors from misinformation'. How altruistic
Good luck to those watching and waiting for some actual news. No more posts here for me today (I'm sure some will rejoice at that)