Member Info for Doc83

"I bought POW for GMET and have had no benefit from that gain in the share price."

ICB888, if you wanted to buy GMET, why did you buy POW?

As for this: "The only certain benefit of the buyback is that it will increase the NAV of the remaining shares because there will be fewer shares. We already trade at a 50% discount to NAV so if it doesn’t work in raising the share price it will just further increase the discount to NAV."

It could well happen. And if it does, I'll be spending plenty of 50p's to buy £1 worth of assets.

Oh, Adw189!!!

LOL.

Fronteracheckin, I might need some help from the others, but PhilipTan, GigiSomeTime, Multibagger101, AIGuru, RealProTrader, Warrior1 obviously!

Can anyone else chime in... There's loads I've forgot!

"Thats if they keep buying back shares and up to what level?? That SP level ahs not been communicated in any way as far as I know"

Zebbo, I was thinking about this earlier and I suppose it's difficult for them to give a set price they'll buy up to as it could just encourage a load of short term traders in to make a quick buck. That said, I guess anything below NAV, and certainly ~20p, must be worth doing.

Sol, this bit is important:

“… authorise the Directors to make market purchases of up to 17,250,000 ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares"), at not less than 2 pence per share and otherwise by tender offer of up to a maximum price (exclusive of expenses) of the higher of: (i) 5% above the average of the middle market quotations of the Company's Ordinary Shares as derived from the London Stock Exchange Official List for the five business days preceding the date of purchase; and (ii) the higher of the price of the last independent trade and the highest current independent purchase bid on the London Stock Exchange at the time the purchase is carried out.”

It might take a bit of time. But should massively support the SP.

Fronteracheckin - can you run the same exercise for WOS. It’ll be slightly more tricky as there’s multiple usernames!

And there’s your RNS. Share buyback is active and the 400k odd trade was the company.

Another point to note, the market caps of TMT and VLG are £80m+. So considerably larger than POW. If, in TMT’s case the relatively small £1.5m buyback has managed to perk their SP up so much, has to be a positive sign.

That said, this is an extremely high level look and I’m not familiar with these stocks in the slightest. There could and likely will be many different things at play.

However, if those large trades were part of the buyback, we should get an RNS in the morning. If they weren’t, then still positive we have such large buys/buyers that could well do the job of the buyback anyway.

I thought I’d ask ChatGPT to list me all companies listed on AIM that have initiated share buybacks in 2024 and 2025.

Some listed were VLG, AEO and TMT.

VLG announced following its interim audited accounts that it was commencing. Immediately, and for several consecutive days there were RNS’s confirming how many shares the company had bought back. The buyback, I think, continues and the SP is up ~20%.

AEO announced one, mentioned nothing of accounts, but I couldn’t see any RNS’s re shares bought back. The SP has risen around 8% since the announcement but this was considerably more (~40%) until a fall in price in October (possibly a poo trading update).

TMT announced “Launch of share buyback programme” on 19th November 2025 for $2m of stock. It started immediately and completed on 24th December. Similar to VLG, RNS’s flowed immediately detailing all the purchases. SP is up 15%.

MBH are another, dozens and dozens of RNS detailing buybacks. But it’s done nothing for the SP which is down considerably. There could be other factors at play and I don’t know all the details on this one.

EKF another, up around 20% since start of buyback.

There are more and I might delve a bit deeper if I get time.

But we will almost certainly start seeing RNS’s once it does commence and hopefully some SP appreciation, albeit perhaps not as much as we might have expected.

Zebbo, doesn’t the RNS titled “share buyback now effective” cover it?

Thanks, Tray. Useful info.

For me, that they’ve used the wording share buyback “effectively” would imply that it is now in effect. Definitely exciting times.

I think the likes of Minestarters, GSAe etc might just surprise a few people.

Warrior1…

I make it WOS’s 78th different account!

Stockmaiden, you are certifiable.

Abzzba, there’s been some good debate today, and relatively friendly. You might not agree with it but give it a rest will you on the personal attacks and snide comments. You were one of the original instigators of discord on here with your calling everyone who disagreed with you a Neg.

Adw198 - I'm also interested to hear if the Gazelle "offloading process issues" that PC have been resolved.

“ Even aside from the withhold money they haven’t one paid even the 70% on time. Why?”

Systems issues. Yes, seriously. The $1.7tn company that has dodgy systems and can’t pay on time. Still.

We can charge interest on late payments. But we don’t because MATD know PC are bullies and will get them back worse.

Lovely partners.

Not bad news. But let’s not kid ourselves, Petro China have so far used their size to bully Matad.

Great posts as always, ML.

Bring on Monday, onwards and upwards and hopefully some drill results soon.

"Monster £64k buy just popped up"

Indeed, and a few other delayed reported trades. We've been lucky to see one of these such trades in a blue moon. Perhaps it is already underway. I can't believe that the brokers won't have been kept in the loop and be ready to go on this. Zebbo, I posted your comments into ChatGPT as I honestly don't know the legal aspect on this, but it suggested your comments were incorrect and that they can proceed immediately. Again, it could be wrong and this is just useful debate. Either way, it's good news and has either started or has piqued the interest so we now have some meaningful buying!!!

09-Jan-26 16:17:28 14.20 106,976 Unknown* 14.00 15.00 15.19k O

09-Jan-26 15:22:44 14.60 100,000 Unknown* 14.00 15.00 14.60k O

09-Jan-26 16:14:05 14.492 438,594 Unknown* 14.00 15.00 63.56k O

09-Jan-26 14:17:23 14.70 100,000 Unknown* 14.00 15.00 14.70k O

Zebbo, you may well be right, but what's your logic for thinking it might take a couple of weeks from here?

It has been signed off and agreed, the cash is there and presumably our brokers and advisors have been kept in the loop about it all.