Member Info for Crocqman

Good news.
Will be delighted if Angs prove me wrong with first gas ahead of July 1st.
Hope we see a continued rise tomorrow, perhaps we will see a sustained increase in volumes as we approach the magic day
gla

Not sure that an RNS is necessary for this, as it was outlined at the outset of the arrangement that this would happen, so it is a known event, as such.
They may release confirmation just for good order though.
We'll see soon enough, as with the hoped for positive news
gla

Tygra,
Your guess is as good as any!

The 27/4 RNS pushed the latest amended 1st gas (the nth iteration) back to 1st June.
Just 1 week before this date (24/5 RNS), it was then pushed back 2 weeks to a 'middle of June' target.
5 days before the middle of June (10/06 RNS), it was pushed back again to sales 'some time in the wc 27/6.

Many of us predicted this extra delay (again).

I also would not expect anything before July, and will go for a date somewhere within the range of Independence Day, 4th July (quite apt for Angus to start standing on its own 2 feet from then), and the equally apt Bastille Day (14th July), when I may finally lose patience here, and start calling for GL's head!

gla

Given the size of the trades, it is totally irrelevant whether they are Buys or Sells.
ZERO effect on SP.

Not expecting much to change here until we see something from the AGM, unless there is a leak of news first

Personally, I think the only thing that would be set in stone, as it were, would be a particular restriction within a Fund, prospectus (unlikely) or a client portfolio mandate (possible, but unlikely).
It is more likely a rule of thumb that a small cap Fund Manager would consider as part of a group of investment criteria, such as minimum market cap, financials, etc.
This would only relate to some investment firms, or individual Fund Managers within those firms, not all of them

Not sure there is a set criteria on this, but I do not know for certain, just that it is something that a Fund Manager would look at.
I guess different firms would have different criteria, and they would not be looking at a token investment, but something credible that says management are there for the long term and have belief in what they are doing.
Hand in the pocket investment, or in lieu of salary is what they will prefer to be seeing, less so just the allocation of options or warrants which can lapse, so may never be actually exercised/held.
The last thing you would want is for a CEO to jump ship at the first opportunity. Stability within the management team of a company is attractive to any investor, and management holding shares shows they are incentivised to make a success of the job, and are aligned with the interests of their shareholders.
All imo

COLINB,
Agree. FG holding 35m shares is definitely a plus for QBT.
Many small cap funds will use management holdings as a criteria when looking to invest, and will not even consider a company if the Directors do not have a personal stake in the company.
good luck

https://www.forex.com/en-uk/news-and-analysis/what-is-a-repo-agreement/

https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/repurchase-agreement-repo/

In the case for FG, my understanding is that the arrangement provided FG with liquidity at a time when (I believe) he was receiving shares in lieu of a salary, so is probably asset rich, but cash poor, and the scheme to award him these shares/warrants resulted in a tax liability.
Not a tax expert, so again, happy to be corrected.

Per my post yesterday (09:14), this was a repo agreement (sale and repurchase).
FG always owned these shares and retained all rights to the shares.
It was a tax arrangement.
The buy back will, imo, do nothing for the SP, or give anyone confidence that all is well. It was always going to happen.

This is my understanding of the agreement anyway.
If anyone knows different, and can provide evidence to explain the arrangement better, then happy to be corrected.

As far as I am aware, there is nothing else behind the arrangement other than it being a tax efficient loan with a small premium to avoid FG actually having to physically sell shares (and potentially realise more capital gains) in order to sort his personal tax arrangement for the last tax year

Dd1,

Per the RNS at the time,
"certain specific brands were referenced who, at that time, had approved Mode to be part of their affiliate programmes, through a number of intermediary affiliate platforms. As with all affiliate programmes of this nature, it is at the discretion of the retailer as to how long they wish to remain involved in the programme. Some of those specified brands have since withdrawn Mode as an affiliate.".

This had to be clarified by MODE, which was a bit of a shocker after some good coverage in the national press.
It really knocked the SP.

Agree, you do wonder how they managed to get into this mess.
Not checked out any individual sites, but perhaps with many, you cannot use MODE directly through their own website, but if you are buying through another affiliate who offers MODE as a payment method (the many different cashback sites, for example).

That is how I see this situation having come to light. Perhaps someone else might have a better view of it
Signing companies up through affiliate schemes really is not the same thing as direct with the merchant themselves though, is it

DoneK,
That's all very well, but they have to actually start delivering on something.
Given the history of 'success' here, the merchants of doom as you like to call them, are probably not too worried for the moment.
Angus need to deliver on something, it is almost as if they are in cahoots with the opposition, and have been for many years as things stand.

Caravanboy,
How exactly could Angus provide shareholders with discount gas?
Provide them with their own private pipeline upon proof of share ownership, to be checked daily to ensure eligibility?
Allow them to come to the site and fill bottles direct from source as a takeaway service?
Send everyone a voucher to get money off at the supplier?
What a ridiculous comment

This is definitely a gamble at present.
The question is, are the odds favourable based on your research, entry [point, time horizon, risk appetite, etc.
No such thing as a certainty.
No single investor is the same. DYOR and do not invest what you can't afford to lose.

And if we do get that great news, do not just expect this to keep going up. Be prepared for a spike and the potential for a sharp drop back too. Not saying it will, but have seen it many times before in many stocks/sectors.
Do not get greedy, but enjoy the ride as it could be an interesting one!

Looking forward to news here

jbr,
You would hope that the options are exercised in a period of SP strength, so the impact of the additional shares being added to the register makes little difference.
Exercising the options does not necessarily mean that they will be sold immediately, as far as I know.
Not too up to speed on options/warrants though, as with anything, all options (excuse the pun) are open as to what could happen!
good luck

Agree RNS
Too many times, and too many shares I have seen the SP rocket on hype and expectation, only to fall back when the market realises it needs substance to back it all up.
Very often, the SP never gets close to those previous highs, despite 'transformational assets', as the reality of cashflow, delivery, etc takes over from sentiment.

Those who keep harking back to previous highs based purely on 'nothing' are being deliberately disingenuous, imo, and that applies to both camps, i.e. the rampers who keep saying it got there before so will obviously do it again with success, and the derampers who keep saying it was 60p before delivery, so this must be a dog based on production.

Markets don't work like that, and as ever, the truth is somewhere in the middle of the 2 extreme camps.

Yes, there is the likelihood that this will rise on good news, but that means delivery at least at the level of expectation, if not more, or something tangible for investors to get behind, like a major partner, dividend, etc.

I still see 40p as more realistic with WN, but not holding my breath, and feel it will still be a long wait.
Hope to be proved wrong with some news expected soon, but even my more conservative and pragmatic views on AIM stocks over the years have mostly turned out to be wildly optimistic.
Time will tell.

As someone else said earlier, no one believes most of the carp posted on here, and if they were to invest based on comments on these boards then they are nothing but gamblers who deserve what they get if things do not pan out as expected.
You soon see them turn and blame the board, or other posters if things do not work out, rather than taking responsibility for their own investment decisions.

DB needs to come up with something, and soon to restore sentiment here.
Volumes are pitifully low, and have been for a year, or more, the odd day aside. Only news will change that

Been off the board for a few days.
Had to look back at the details behind this 'FG buying his shares back @3 16p' point as was not familiar with anything from my short time here.
Per the 15/12 RNS, it is a sale and repo agreement.
Not sure it can be deferred, or that it is anything to do with trying to save money. in any way
It looks like a tax related event, and not sure it really has any bearing on what the SP may or may not do next week, or whenever.
My understanding is that he has retained rights and ownership to these shares through the agreement, and is paying a small premium for the privilege of being able to cover any tax liabilities, presumably for the last tax year, while retaining ownership of shares that are potentially worth considerably more, and without having to exercise any options to cover his tax liabilities too.
A sensible tax arrangement for someone asset rich, but cash poor, it seems.
Nothing to see here, imo
gla

Was there really a +26% pre-open, or was that just the usual LSE glitch we seem to see here most days before the open?
Don't see it has having any correlation to the day, as it happens regularly, and often does the opposite, or stays flat.
Not an indicator of any kind for the day ahead, imo

Why should the SP be double/treble of what it is now?
Curious to understand why so many seem to think this.
It seems pretty clear to me that all known factors are reflected in the current SP, and it is not going higher until we see something material (e.g. WN delivery), which appears a while off yet.
On what basis should the SP be 55p to 83p level?
Some facts and figures to back these repeated claims up would be useful for a non-expert.
Would love to see it happen, but just can't see any justification to support it.

Worth repeating my post of only 2 days ago......

"We were being told "Few weeks here and there won't make a difference" back when Q4 last year, Jan this year, Q1, April, May, beginning of June were all target dates too.
It is unbelievable how many times the target date has shifted, even in the last 6 months
Yes, a few weeks more is not long to wait, but what are the chances that we will see yet another projected date (by the end of June, for example) before the end of next week.
Quite high I would suggest"

Unbelievable that were told only 17 days ago that first gas would be 'towards the middle of June' and now it has been pushed back yet again, potentially by more than 2 weeks if you are being picky with their interpretation of 'middle of June' (1 week if you are being generous with that timeline), and technically, going by the RNS today, if they stick to the current dates it could even by July.
Utter shambles

Yes, things ticking along nicely here.
Board nice and quiet too, no misinformation and deliberate ramping/deramping.
Missed adding some more in the recent dip, but SP currently at my average, and happy to sit and wait here for further news/updates.
Volumes still relatively low, but understandable at this stage.
gla

There must be some exciting chat going on behind my filters - I can see only 8 posts from the last 5 pages on here.
Must be a record.
Keep it going, I'm sure I am missing a lot of good and constructive stuff, as always