The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
From the share news above: LONDON (Dow Jones)--Sinosoft Technology PLC (SFT.LN), a software company, said Friday it has recently closed certain foreign exchange contracts which have, in aggregate, resulted in a net loss to the company of approximately $3.8 million, and as a consequence of this it expects to report a loss for the first half of 2010. MAIN FACTS: -Group's cash and cash equivalents at June 30 will be materially below the $14.9 million at Dec. 31 reported in the Company's audited accounts. -The exact nature of this trading activity is being investigated as the Board is of the opinion that it had not authorized this level of exposure to foreign currency derivatives. -Shares closed Thursday at 7.38 pence.
Gets them out of trouble... And a bit of dilution to go with it... http://moneyam.uk-wire.com/cgi-bin/articles/20100616070000H4206.html
Afternoon, are you back in here?
That long awaited RNS was a waste of time... I'm not holding at the moment, but have been in the past with the await of this news.. Glad I got out level pegging circa 10 months ago...
RNS Number : 4349L Timestrip PLC 06 May 2010 6 May 2010 Timestrip PLC ('Timestrip' or 'the Company') Strategic review - update Further to the announcement made by the Company earlier today convening a general meeting for shareholders to consider and approve, inter alia, proposals relating to the disposal of its trading subsidiaries, the Board confirms that it has now completed the Strategic Review referred to in the announcement made by the Company on 19 March 2010. The Directors also confirm that there have been no third party discussion in relation to an offer for the Company's shares, accordingly, the Company is no longer deemed to be in an Offer Period under the terms of the City Code on Takeovers and Mergers.
Probably due to the fact that there is hardly no stock around, 65%, & 24% held by major shareholders.. Does not leave much, thus it will move either way on small volumes..
Not the best read... http://moneyam.uk-wire.com/cgi-bin/articles/201003110700073740I.html
THink you may be right.. I emailed FEP early last week and have not had a responce. with questions like what is the relationship if any between Philex Group, and Tidemark Holdings Limited? Considering Tidemark hold the key to this... Suspect if Philex was not on the scene this will be far far higher than current SP...
Thought I was getting de ja vue.. for a min...
Good to hear. Some will follow his tips, and if he tips enough one may produce the goods. The rest, well this could be an example.
Do you hold these?
I take it you understand what todays RNS means?
Energy XXI (Bermuda) Limited ("Energy XXI" or "the Company") Result of AGM Energy XXI is pleased to announce that at the Annual General Meeting of the Company held on 11 December 2009, all resolutions were duly passed. Among the resolutions passed was the resolution to authorise the Board of Directors, at its discretion, to cancel the admission to trading of the Company's Common Shares to AIM, a market operated by the London Stock Exchange, to be effective any time on or before 11 March, 2010 (as determined by the Board). Any such cancellation would only occur at least 20 clear business days from the date of the Company's notification of an intention to cancel admission to trading on AIM. Details of all resolutions are contained in the Company's circular to shareholders dated 13 November 2009 which is currently available on the Company's website at www.energyxxi.com.
http://www.chron.com/disp/story.mpl/business/energy/6810361.html Gas discovery it seems.
This may be a good listen, 2 hour webcast from McMoRan, partner in Davy Jones http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=65638&eventID=2674077
We are not de-ramping. When you get certain investors post on most oil boards about EXXS with the intention of ramping, you get the few who follow. We just pointed out what the actual situation is.. which I think you can see as well now..
I tried to explain this yesterday to the few who noticed this... a risky buy based on the news, spread, and method of dealing, but some like a gamble. Not that I have seen any big buys on this, max trade so far has been 1777 shares. At the end of the day, no one will be in profit until that BID goes over 3.5.. And I doubt that will happen for a while, or the release of more news. Bit of a bear trap until that happens..
EXI which controls 10 oilfields at early development stages in Russia's oil-rich regions of Timan-Pechora and western Siberia, sold 40.5m shares – just under a third of its share capital, at £1.53 ($2.48) each, raising about £62m to be used to repay debt and develop future projects. I take it the early development part is a clue to they dont know yet??
Can anyone find the oil / gas figures EXI are holding? Doing some research and the info on their web site is a very brief.
ppl look at the spread and see that another 100% rise is required to get any sort of profit, and with very little trades going in due to the trade method, and only 2 mm's dealing in this (both with very vast views on the Bid price 1 @ 2.25, and 1 @ 1.75) it's a risk, wthout knowing the exact oil figures. Gool Luck though.