Member Info for EG777

ISA's are exempt from the "30-day rule" so you can do a bed & ISA without having to wait.

https://www.nutmeg.com/nutmegonomics/what-is-bed-and-isa-how-to-move-investments

Apologies, should read 65m EURO, not £

Daikihaku1 - if RKH wins, then it's the company who they sold the award to who has to pay out the £65m.

If RKH loses, then the insurer has to pay out the £31m.

So the funds would come from a different source, depending on the outcome.

GetOnYerBike - I don't think it's quite as simple as saying the share price would rise 40% less on "big news". Because any big news we get now, is going to be different to the big news we had before. Therefore it will affect the SP differently.

The share price has been diluted since the £5 days back in 2010. So obviously you can't make a like for like comparison to then. The global sentiment towards oil is also a lot worse now, so that works against RKH too.

However, the big news that spiked the share price back then was discovering oil. As we all know to well, the timeline between discovering oil and reaching profitability can be VERY long.

Whereas if all goes well and we get the good news we are all hoping (FID, followed by first oil a few years later) - then the timeline towards profitability is a lot shorter, and more predictable.

No one knows for certain how much the SP will rise if and when that happens. But I think we can see with almost certainty that if the project gets sanctioned and the oil is drilled then the share price is going to rise massively from where we are today. If it doesn't, RKH will be at best a zombie company, at worst, bust.

It's quite a binary decision - and IMHO the odds are stacked in favour of the project going ahead.

Same here

Yes it is within the regulations to do this. But you'd still be liable for CGT if the shares ever went up.

So in your scenario you've not made a capital gain, because you've lost £100k in one share, gained £100k in another, so the total capital gain is 0.

If you rebought the Barclays shares and they went up, this would be a capital gain (when the shares were sold and the gains were realised) so you'd have to pay CGT on any gain. If they stayed the same you wouldn't have made any gain so no CGT. If they fell again, you'd have made a loss so would have another loss to offset against future gains.

It's the same way as Bed & ISA works. If you were sitting on a loss at the end of the tax year, but did not want to give up on the shares you held, you are able to sell £20k worth and crystalise a capital gains loss, then rebuy those shares in an ISA. That way you have a loss to offset against future gains, but no CGT to pay on the shares in future as they are held in an iSA.

My idea of early would be before their stated target (i.e before mid-2025).

Do you have a source for where they stated Shenandoah needs to be pumping oil before FID? I know Sam mentioned that if he were in NVPT shoes that's what he'd do. But I've not seen this in any of the official correspondance (but might have missed it).

I might be clutching at straws, but Navitas don't strike me as a company that would want to miss a deadline twice.

They were initially anticipating FID in late 2024. So must have been lining everything up for then.

I wonder if they set a mid-2025 target to be belt and braces and might pull a rabbit out of the hat before then.

2m volume in 30 mins of trading, numerous large buys going through at 40p+ - something must be up IMHO, and I don't think it's just anticipation of an extra ~£30m from OM!

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I'm hopefully optmistic that we'll see a steady rise over the coming months and that the SP will appreciate considerably over the coming months even without major news. I can't see OM news having much of a material impact on SP either way. But any positive Sea Lion developments should provide a boost.

Personally I'm quite happy to see these daily single digit % increases, which will obviously have pullbacks along the way. I'd take this over the huge spikes/huge falls we've seen in past.

Prime example of this is NVPT share price, most of the daily gains have just been a few %. But the compound effect of these gains over time has allowed the share price to climb sustainably and quadruple in around 18 months.

I think there’s a bug in the notification system.

Form 8.3 and Form 8.5 are issued for companies who are in an offer period. I think these RNS’s have all been issued by other companies but some how have been distributed by RKH notification system.

Does anyone else use RKH alert services for RNS/announcements etc?

Just received a number of Form 8.3 / 8.5 notifications - but the titles seem to relate to other companies.

First one I opened said Hargreaves Lansdown so thought it may have been an holdings RNS. But the others are all companies like Britvic, Direct line etc so I’m guessing sent in error? Very odd.

Tractorboy01 - That's weird. I also used Google translate (I downloaded the PDF file and used document translation).

Would be interested to find out which is the more accurate translation.

Thanks Mogger. "- The financing package for Phase A development is in the process of being finalized." Sounds promising.

Sold around 35% of my holding at 12.7p Monday. Another one of my genius trades lol.

I thought we were going to see a steady decline over the coming days, but clearly missed the mark on that. At least I didn't sell the lot.

Same, would bite their hand off for 40p and strongly consider 30p.

Definitely a sell.

No way someone would pick up 1m shares for lower than the bid price. All other lower volume buys around that time were significantly over 14p.

John Lam was the founder of Mazuma Mobile and ran the company until 2018 until they were taken over by EcoRenew along with ICT Reverse. ICT Reverse MD subsequently took over the MD post at Mazuma, and John Lam left the company to become head of buyback at Bamboo Distribution who are a recycler/distributor with a focus on fulfilling insurance requirements.

Presumably a connection between the 2 companies was what was being hinted at by the post. Personally I would have thought that any potential buyers would be larger outfits than Bamboo.

Agree - I'm 30, so if I don't sell these shares in my lifetime it's either very bad news for me or very bad news for us all lol.

Does anyone know who is responsible for filing Form 8.3 if a shareholder exceeds 1% holding? i.e if someone were to hold 1% worth of shares through a broker such as HL would the onus be on the shareholder to submit this form, or the broker?