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Hopefully more news on wressle bedding in and more cashflow.
West Newton should start drilling and maybe management will get out and start talking the strategy and potential up.
September is a month to forget , but the oil sector seems to be the place to have money at the moment.
Agreed. This was always going to appeal. It doesn’t matter with wressle producing and I think it’s the drilling of west Newton that is more important share price wise. UJO still need to see if it is a viable commercial drill site.
I can explain.
The BOD created a 3 million pound share overhang leaving idiots like me to hold and take a 25% hit over 2 weeks. I have doubled down in my investment at these prices but it sticks in the throat doing so.
Isn’t he called the ***** blogger because he gets paid by the company to have a view?
Here’s my view, less than a week ago the share price was 25% higher until the board completely screwed shareholders over. We lost all momentum on good news from wressle as everyone was casting an eye out for a placing RNS. I think I understand that pretty well.
A 2-3 million placing that has already wiped 5 million from the cap. Farcical.
Why didn’t they do a primary bid offering over a weekend for a couple of million in the high 20’s when the shares were unable to trade?
I just had a look at Uk terminal numbers excluding transit for the appropriate reporting months of MHC this year.
May 1.9 million passengers
June 3.2 million passengers
July 4.4 million passengers
August not yet published.
Compared to July 2019’s numbers in excess of 30 million.
With work from home and zoom meetings I’m guessing the majority of these would be international flights and require a Pcr test. It’s low numbers but at least the increased trend is there. How that will translate into revenues is debatable.
https://www.caa.co.uk/Data-and-analysis/UK-aviation-market/Airports/Datasets/UK-Airport-data/Airport-data-2021-07/
The lack of forecasts makes this interesting. Everyone has different expectations.
Remember the share prophets article earlier this year saying a share price of above 10p was on the cards? Lower range profits not revenues of 6-9 million for this calendar year with a top forecast of 25 million profits.
This expectation has been tempered recently and I don’t think reflects increased competition and price decreases. I’m also wary the 3 million sales in 2 months may have been skewed for all the up front stock for those boots stores.
Either there is a big contract in the wings and this will double when announced, or this may gradually move back down to the 3p circa 20 million level on no news. It’s not a bad binary bet when we know the company is targeting other big companies to sell their tests.
It’s a hold for me with a small stake. This Lloyds pharmacy may be mega or not, I suspect we will find out next week.
Harry said a few weeks ago this was grinding along and the short delay nothing to worry about.
Nothing has changed. In my view if the biggest banks putting in the lions share of the money have signed I expect the other ducks to line up and do the same shortly.
Will the National Bank of Ethiopia’s decision to effectively freeze all asset backed lending ‘in country’ impact the upcoming financial close of TKGM in any way?
A: No. Local banks play no role in the project financing.
We understand that this temporary restriction (whilst some other regulations are sorted) is to choke transactions which involve, say, unencumbered real estate in Addis Ababa, being borrowed against for the funds to be used illicitly.