I’ve exited over the last few days at a fair loss. I a takeover that quietly reversed itself, a rcf that never materialised etc, etc... I was taken in nut more fool me. I wish you all good luck in keeping GS in the style he has become accustomed to...
RE: We finished up yesterday and if not....29 Mar 2020 11:11
If there’s no RNS any podcast is going to be very light in substance - simply more window dressing. The theory has been peddled by ALGW for far too long without discernible material practical progress. The infamous RCF email could be construed by some as misleading or reckless given its impact on investor sentiment and by association the sp. It really is time these people put up.
Whilst the increase is very welcome, and there’s always the possibility something is cooking, we should perhaps be cautious given sudden large spikes for no reason are a feature of the market in general in these strange times...
I read the notorious RNS again today , and am sure the information therein about timeframes was unequivocal given there were several references to a short period before they confirmed the rcf.
Therefore it’s a very serious failure in my view for the management to have maintained radio silence since, other than pathetic references to committees holding matters up and GS’s surprise being expressed that we put so much store in what had been said - aw shucks it was just words..! Maybe they just got it wrong big time, I’d certainly not want to think there was a deliberate creativity involved. Either way, one might reasonably be concerned at the performance of people supposedly possessing such sharp business brains. I’m quite nonplussed by the efforts of some posters to not only be very understanding of the increasingly drawn out situation, but also to make a raft of tenuous excuses on the management’s behalf. I am an investor here, albeit well underwater, so am reluctant to say too much. I strongly feel the company’s ongoing silence to be not only unreasonable but downright insulting.
The UK's construction sector enjoyed a sharp upturn in February, according to the closely watched purchasing managers' index (PMI), expanding for the first time in nearly a year.
The survey by IHS Markit/CIPS said anecdotal evidence "mainly linked the recovery to a post-election improvement in business confidence and pent-up demand for new projects".
The PMI index hit 52.6 in February, up from 48.4 in January, where a figure above 50 implies expansion. It was the first time the figure has been above 50 since April 2019.
The survey also indicated that the overall rate of construction output growth was the fastest for 14 months, and showed the sharpest rise in new orders since December 2015.
"There were widespread reports that pent-up demand released since the general election had helped to boost workloads, especially in relation to house building and commercial construction projects," said Tim Moore of IHS Markit.
He added: "Some construction firms suggested that the recovery in output would have been even stronger had there not been disruptions on site from severe weather conditions in February."
ExxonMobil must have been pretty happy with what they found after drilling the first Hammerhead well to then do two more. If there’s to be a fourth then that’s absolute confirmation that Exxon know there’s a profitable market for their heavy oil, which is hugely significant to the potential commerciality of our Tertiary prospects. Maybe GH isn’t too far off with his upbeat assessment...