Member Info for DD77

Https://www.nasdaq.com/press-release/tiziana-announces-positive-qualitative-six-month-pet-scan-results-with-intranasal-0

Just caught up with the Investor Meet. I have been invested in XSG for over 10 years and have sunk an eye watering £30k in over that time. I have grown weary of the false promises and downright lies at times and recently sold what pitiful amount was left from my holding.

The Investor Meet appeared a investment pitch. Cash burn is still high and they will need to do another raise soon, so they were trying to drum up support by selling the story (which has been sold many times before). Other than textiles, which I don't believe will be a high revenue generator, I don't see a bright future. I think they'll tick along for a few years and someone will buy the IP for Xorbs and anything else worth taking, whilst the company will end up in administration. Sad, as I had high hopes here, but this looks like a dead duck (if only I realised earlier)

I provided 2 links. If you wish to believe the RAC then entirely your prerogative, but those who work in the industry have long since discredited them.

This fire clearly was as a consequence of lithium batteries

Occam - over $25m has been invested in the R&D side, which is now being scaled back as focus turns to commercialisation. They still employ 8 lab scientists who carry out R&D, assist with ongoing support. The executive team have a good handle on operating expenses and margins, which gives me real confidence and they've indicated already that H2 sales are strong

HarChris - that conclusion is inaccurate. Real-life data reveals a very different picture:

https://garagewire.co.uk/news/ev-repair-claims-up-370-three-years/

The RAC has long since been seen as a reputable source, particularly by those who work in the industry. They regularly put out misinformation, to suit their narrative. Here's another example:

https://forecourttrader.co.uk/latest-news/pra-brands-rac-deeply-irresponsible-following-over-priced-fuel-accusations/683893.article?utm_source=Latest%20News%20(Forecourt%20Trader)&utm_medium=email&utm_campaign=04-Oct-2023&cid=DM1099250&bid=218983471

Hold for gold

That's highly significant that the UK government website press release specifically and solely mentions HyProMag. No other companies/initiatives were mentioned. Clear there is a lot of support for this

Some institutional change of holdings by the looks of things

That's old data..............Wizz policy is to hedge 65%.

Also, the EUR/USD FX movement has a far bigger financial impact than the fuel cost movement

Most hedge more than 60%, more like 75-80%.

No, the balance isn't a spot price. It will be whatever pricing mechanism they agree with the fuel supplier.

For clarity, I am not saying it is not important but it is not a material factor which will significantly impact the SP or underlying performance. The company will budget for the fuel price at a certain level anyway, which will be reflected in ticket prices. Ticket prices can be adjusted in real time to reflect any movements in jet fuel price, if required.

I doubt the compensation figure will be released publicly, as Pratt and Whitney will want it subject to an NDA. However, it will be hidden in the small print of accounts. I expect Wizz will be suitably compensated and the market adverse reaction to this news is unwarranted.

There are other engine manufacturers out there. Rolls Royce pulled back from the narrow body market (imo a bad decision). GE and CFM very prominent.

Because the majority of it is hedged you numpty

Largely irrelevant

Gavster, I’m not on ADVFN, would you be able to share the details posted?

Myles must be dumping this at a rate of knots after his ramping failed miserably

Hart was a disgrace, and was ousted for a reason. Don’t get me on about Bonomo. However you’re right that it’s clear the dividend was misguided in hindsight

Reassuring Investor Meet. Shouldn't need a cash raise as things stand. They are clearing the decks and all the bad news out the way, re-focusing on the future. Hydrogen will come back in fashion again and the SP here moves very quickly so I will hold for the good times. I see this as the low ebb

Sell on the jump as a fund raise will be required in the next 6 months.

Yes the JV will need to repay it, unless they have an option to convert into shares to increase their holding.

I expect a significant proportion of the funds to come from US grants though, so may not that significant contribution from the JV

The cold facts are that N4P have 6 months to deliver commercialisation or another fund raise will be due

You're entitled to your opinion but you have a heavily skewed negative view on things, not considering all aspects. If things were as dire as you suggest, why would Directors be buying in at this level?