The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Whilst its likely to cost a few pounds, I do think that it would be a worth while exercise to get our, or other brokers to produce a target price for the share now that we have the JV signed, clearly Roland thinks its worth multiples of where it is now and having a broker give a target price would force the market to re-rate a little faster than what it's doing now although todays rise was most welcome, it should really continue in to at least the .20s if not 30s.
I think it's great that Roland gave the clarification that no placing is required now and very likely not this year. Do we need an RNS to say that? likely not, to be fair to Roland he has never suggested that a placing might be on the cards, they are fully funded for now, its just been speculation (which is fair) that a placing might take place due to the recent request from the company. The fact that he has clearly stated it in an interview in my opinion is enough.
RNS's cost the company to produce and lodge, on the other hand a tweet mentioning - "Following on from market speculation, Synergia Energy can confirm, that no placing is require now and potentially not for the rest of the year" would be most welcome and is literally just time to detail at no cost. I think it would give another book to the share price.
Gotta say.. Roland is being quite good with his communication, and so is Briana when it comes to responding to emails.
I'm happy to hold.
Gordon, you’d be crap in poker (head in hands)
If Conger can affect the share price by selling his 85 million then you may trip it up with your 20/30? Meanwhile whilst your waiting for you advertised .18 many will be selling at .178 anticipating you selling off.
“I’ve gotta Royal Flush” said Gordon as he stood up abruptly at the table waiting for everyone to declarre… He then sat back down looking through his eye brows and whispered… But don’t tell anyone…
As long as Synergia and Selan have a JOA in place then there is no waiting, there was a JOA in place when Synergia bought GSPC's 50% and Synergia cracked on with the work on site whilst it waited on GOI approval.
Roland estimates GOI within a few months but has stated they do not have to wait for this to start work.
https://www.youtube.com/watch?v=2D5KZwDWSo0
37 minutes and 20 seconds in.
Fill your boots - no placing.
MM's have had an absolute ball, likely even infiltrating in here spouting rubbish about a placing.
They have dragged the share price down scouping up all your shares only to raise the price and make a huge profit.
There is no reason what so ever why this is not in the high teens based on Selans calculation alone for The Cambay let along the mid .2s with everything else we now have on board.
Some have asked, what's the point of Roland doing an interview? Well I for one want to know when the first well is planned, I am estimating that they will start asap as in the interview last year Roland said they didn't need GOI approval to commence works, so there's no waiting.
Ssccss I don’t know whether he will or will not state whether there is going to be a placing or not, I hope that he does clarify the situation.
You say he cannot say much without an RNS? Good job tomorrow is Friday and the interview is booked for Monday then.
Https://x.com/synergiaenergy/status/1758190260083642794?s=46
You were told before the bell that there was an interview, now the company have reported it.
No news on placing, perhaps no placing.
Bargain and last day tomorrow to get in sub .16 IMO
Drop should never have happened, if Roland confirms no placing in the immediate future then many will be caught with their pants down… in auction, can’t buy springs to mind ..
Interview
https://x.com/synergiaenergy/status/1758190260083642794?s=46
Succss why do you think we would have to wait for GOI to start drilling the first well? You’re not a newbie and you must have seen the last interview with Roland?
Selan are working locally to The Cambay, have probably been planning this for quite awhile, they do not need to wait for government approval to proceed with works on site. I am pretty sure that’s what was said with the interview with Roland. GOI is, but a formality.
Having spoken with several others today, I can confirm that WWA 17 is correct with his earlier comment, the company are aware of market abuse and there is an interview booked in. I’m sure the company will reveal all in good time.