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WG818, it's not really relevant that one company in the group made a loss. What is relevant is "The Group recorded a profit of £117.810m".
All the income is in the subsidiary companies hence why "the Company" (ie the holding company) makes losses.
Chatroom, the after hours trade was not a purchase. In fact it was a UT (UNCROSSED TRADE) which means it was both a buy and a sell.
FYI, on Saturday I received an email from A J Bell which advised me as follows:-
"We’ve got an important update for you about an investment you hold – BLUEFIELD SOLAR INCOME FUND LTD.
Recently, this investment failed a fair value assessment, carried out by the manager of the investment itself. This means the investment may not offer you good enough value over the long term. "
I imagine this is why there was a sell off/so drop on Monday.
Apparently the FCA require a fair value assessment to be carried out periodically.
The original RNS had the wrong name in section 3 of the TR1
So, the potential tax liability of $23.95m has reduced by $21.45m to $2.5m. With 1,849m shares in issue this reduction equates to approximately 0.9p per share. It's a bit disappointing that this was not fully reflected in today's SP rise, which perhaps could have easily have risen above 2.5p.
Hopefully there will now be a steady rise, then further boosted with a favourable finance agreement.
a nice 1m sell at 16:23
Although, both at same price. Could just be an ISA B&B.
Thanks
Odins, can you please point out where the RNS of 3 or 4 April states " that GL would update us around today / tomorrow when the flow rates had stabilised further" as I can't see it.
Onebeyond, you did post it in January 2019!
It's worth mentioning that if your Dad held the shares in an ISA then that ISA can remain open for 3 years from death & still retain tax exemptions. You can close it any time but after 3 years the ISA would automatically be closed.
Hi Isla,
Just to let you know that if your Dad held the shares in an ISA the shares will have to be sold & the ISA closed. You will be able to do this once you have probate. You can of course use the resulting cash to buy back the shares in your own trading or ISA account.
If you were only intending to hold the shares until April you could simply delay liquidating his ISA.
I'm glad I'm not a friend. I wouldn't be happy to have bought shares at 1.65 to then see SP immediately fall below 1.65 & now 1.25.
Based on the time stamp that was very likely a sell
KTF, I don't recall an equally dramatic drop before Xmas that had no reason. The SP had been in slow decline & then there was a significant drop following the 12 December RNS (but the RNS was clearly the reason).
It does happen. In the UK it's known as a share consolidation. I've experienced it several times over the years with my share holdings. IMO SAE should consider it.
Tyra, with all respect, check any reputable dictionary & you will find sales has more than 1 definition. It can mean quantity or value.
You can equally say This month's gas sales were 1m therms or This month's gas sales were £1m. This is why I consider the use of the word "Sales" as ambiguous. However, the fact that quarterly quantities have been disclosed suggests that that was the intended definition of sales in prior RNSs.
Tyra, a bit ambiguous as "gas sales" could be quantity of gas or £s. The "previous advice" suggests quantity.
Jrlomax, he promised production figures not revenue & production figures have been RNS'd.
davey50, the news was out Wednesday & posted on this board.
stockbob, how are they going to get 370p a therm when they've committed to sell at a lot lower fixed price (as per hedge agreement)?