Member Info for easyp

$400 million was a best guess based on tax case and damages from the HSBC currency trial.

Do you think CNE will get more back from the Indian Government? I suspected such trials ended in out of court deals.

"Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce the completion of the sale of its wellhead exploration equipment and services business for jack-up applications (the "Jack-up Business") and the licencing of certain intellectual property to FMC Technologies Limited ("TFMC"), (together, the "Disposal"), and the receipt of an initial net consideration of £14,164,344. An additional sum of up to £27,500,000 is payable dependent on the future performance of the Jack-up Business during a three-year earn-out period. TFMC is a subsidiary of TechnipFMC (Paris:FTI)(NYSE:FTI), one of the leading oil and gas service and equipment companies."

An additional sum of up to £27.5 million payable over 3 years.....lets say worse case performance only half of that is paid, £13 million. How does anyone figure POS should be priced in the 20s.

Applegarth you posted last week this shoud begin an upward move to 39p. What timescale for 39p and beyond?

Having bought back in a few weeks back because I am a long term fan of CNE I purchased some more a few minutes ago purely on momentum. The Market knows something and content to ride the buying wave.

I posted some time back the FT forecast which essentially said the upper forecast was closer to 270p and the median around 250p. So worse case this is being hyped on rumour but even if it drops back 10% I am still in profit, best case the Tax Case is going to see them recover maybe $400 million and enjoy a re rating?

From the FT (worth subscribing to). I have bought back in and will top up if its slides into the 50s. PMG a good long term punt dyor.

What does the supply picture look like?

The prospect of an extra 1m barrels per day of oil hitting the market would normally be considered uniformly bearish for prices.

But part of the Saudi-led decision to raise production stems from the risk of less global supplies later this year.

Venezuela’s economic and political crisis has already cut the Opec member’s output by 700,000 b/d in the past 12 months, taking producer curbs well over their initial targets and helping to propel prices above $80 a barrel last month.

Thanks will do some more reading.

On a day when markets are mostly in the red and the Oil sector not doing much CNE is +7%....why?

"Despite selling more than half its UK production base to Chrysaor, a small UK company backed by US private equity funds, in 2017, Shell is recommitting to the North Sea as cost cutting and efficiencies make investments more economical."

Shell backing projects in the North Sea very encouraging. PMG shares down, more a liquidity issue on a slow day?

A Merger Arbitrage With A Golden Kicker https://seekingalpha.com/article/4183645?source=ansh $KLDX, $HL

Interesting development.

Still holding for better news and sp gain but reviewed the FT tearsheet for COS which said:

"Collagen Solutions PLC appears to have a strong balance sheet and has grown its cash reserves consistently over the last four years to total 8.98m. In fact, 0.95% of the value of Collagen Solutions PLC shares can be attributed to this cash."

A little disappointed that we are not closer to 5p!

Re selling is Woodford invested in 4D?

The two approaches seem to compliment one another as they are starting from opposites and not competing for IP/Patents so might 4D be an attractive target for a larger player?

Not invested but interested in the science and potential.

Before buying in I checked the FT tearsheet which forecast that the share price could drop to sub 10p in the worse case. Having read the RNS and company profile I thought that unlikely and could see a chance of perhaps 100p by year end if the trial in the USA was reassessed.

Worth a punt imo but the company subject to ramping by those who day trade.

I sold shortly after posting my last and walked away with £500 profit because of the boardroom row. Having said that, I would buy back in on a significant dip because I believe Stobart has potential. Good luck to all who remain invested.

"Start with Colombia, which on Sunday elected Iván Duque, a centre-right senator, as president. It was a bitter campaign, the first since a controversial 2016 peace agreement with the Marxist Farc guerrilla group. But it was largely free of violence. Mr Duque, 41, also won a clear mandate, with 53 per cent of the vote, and his opponent Gustavo Petro, a leftist former Bogotá mayor, ceded the race, ungracefully but without argument. He will now lead an energised opposition. That shows liberal democracy working as it should. Mr Duque’s challenge now is to unify the country, consolidate the peace process he criticised, and show he can govern independently of his mentor, former president and strongman Álvaro Uribe. Naming a young cabinet, with modern views, would be a good place to start."

Online gambling: the hidden epidemic - https://www.ft.com/content/7044b142-7313-11e8-aa31-31da4279a601 via @FT

Milenials account for a big increase in online gaming....Not selling WMH just yet.

It might be that I do not understand this but as regards FOBT bookies will keep the machines but the stake is £2 so a problem gambler will still bet but more slowly or alternatively place a bet?

If my summing up above is correct takings and profits will slow but why by a third? Suspect the managers will market something else to pull in the punters in due course.

Jungle indeed with predators and a hierarchy. Might buy some shares later as the sp over reacts in the other direction.

http://www.world-nuclear-news.org/NP-EU-must-support-extended-use-of-reactors-says-Foratom-2006184.html Read what they have to say about Germany's decision to phase out nuclear power. My hypothesis is that Chancellor Merkel will be gone this year and that decision placed under review by the coalition.

Can you give us a date and link for this? Worrying amount of dosh a quarter yet the Oman RNS suggest they will help fund production?