Member Info for Dacorum

Ian.B it couldn't be any clearer in the Annual Report where it says it is "fully shelved"
Under Exceptional Items it says
The exceptional Items of £0.1M ( 2018: £0.4M) is the pre contract costs on a Middle East airport project. The project was fully shelved in the first half of 2019. The costs relate to the period up to 30th June 2019.

Donald Trump is in power in any case until 20 January and doesn't seem to be going anywhere without a fight.

It says "fully shelved"

I have been looking into Westminster Group tonight as a potential investment if Joe Biden wins but have been completely discouraged.

I think Joe Biden will win the US Election.

But that however will be as far as it goes for WSG for if you look at the 2019 Annual Report and what the Chief Financial Officer says then it looks like the Iran airport contract has been totally written off.

Under Exceptional Items it says
The exceptional Items of £0.1M ( 2018: £0.4M) is the pre contract costs on a Middle East airport project. The project was fully shelved in the first half of 2019. The costs relate to the period up to 30th June 2019.

When shares hit highs people always take profit. Targeting a 50p rebuy.

It is a share that a few months back was popular. Right now it is getting savaged.

At the present share price you might need to get used to the idea that the open offer will be significantly undersubscribed by retail PI's. A lot can happen between paying out the cash and waiting for shares to appear in your account.

For a 2p profit.

Is now looking an odds on certainty.

Next Director cash in should see it there or less.

No partner and having to go it alone was the red flag.

It's not just that but there are about 9 vaccines all competing to get to market first so SNG001 is behind the curve.

The shrewd ones took 206p on the morning after the after market closed RNS.

Placings nearly always work there way back to the placing price and can go below it also.

There was 87 Million shares to be flipped and virtually no demand.

That lack of demand is further exacerbated by Directors exercising options a selling straight away. That doesn't breed confidence at all.

Then why pay over the odds now if you can buy if in the Open Offer at 175p.

You might even get it cheaper than that.

That's what happens unfortunately.

The MM's got far too greedy yesterday and killed peoples enthusiasm.

Tullow seem to be saying by year end so it is probably best to split the difference and say by end of November.

They of all people must know the state of their own negotiations.

You need to get used to getting up in the morning to no RNS.

At the Half year results Tullow said this

"Proceeds of $500million from Uganda transaction completion expected before year end;"

To go with my recently acquired Tullow.

Have a great weekend.

Always is when it has 15 at the start.

This quarters oil price substantially exceeds last quarter

RBL just recently passed and plenty of headroom.

Packing up for the weekend and just cancelled my subscription to market making games.

Just use them to find undervalued stocks where things will are starting to change.

Have a great weekend.

They only had from the 20th July to try and bag a partner to help with funding things.

That did not happen so tap the family base instead.

Somewhere in all the medical blurb will be a reason for no big fish participants.

The pertinent question is do you just sit tight or do you watch your holding retreat to the placing which is where most shares end up.

I did also last night try to point out how the spread can widen on SNG to 6 and 10 points some times and profits evaporate in a flash. It'll be interesting to see what price any Director sales go through at.

Markets work on the principles of supply and demand. Sellers and buyers.

If you don't have buyers and only sellers then the price should go down.

Most wont be paying 199p per share when they can get them in the Open Offer at 175p. That in itself stifles the demand side.

It's in the midst of this you hold your stock and it's your choice if you see the share price going up or if you think you can get a cheaper re-entry point.

Theoretically there are 40 million new shares to be flipped and sold through the market and not many buyers right now as they can get them for 175p in the book build. Stalling open market purchase demand right now. Then along comes the 175p share sellers to bank an instant profit.

Sold this morning and will pick them back up when it retraces back to 175p or therabouts.

Most placings retrace to the placing price and you normally always find that if there is an open offer element to any fundraise for Pi's to participate, that by the time it comes around and they get their shares then they see little profit if any.

Institutions profit ahead of PI's as they have the instrument and means to do so.

Then when frustrated PI's sell having made little if any profit your Institutional Investors have been absorbing and buying them all up.

Then its rinse and repeat.

Sit back, watch it happen and then come and find me.

Certain directors looking to cash in and monetise also doesn't instil confidence.

If so confident they would stay onboard you would think.

40 million to be passed through and I'd expect quite a few big trades to be held back and published after the market closed the next few days and weeks.

They normally alwayscretrace back to the placing price.

No partner onboard at the fundraising point indicates no partner interest.