Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
I am no expert on this, only bought ETFs once before, but this little snippet was in todays IC news letter for what it's worth. 'Oil prices for the near (May) contract have tumbled. WTI sunk under $15 for the first time in 21 years, but the May contract is not really where the action is. All the volume has moved into the June contract as the May contract expires tomorrow. This has created a super contango in the two closest months that is the largest I can recall. June is trading almost $10 higher at a little under $24.
Make of it what you will! I just can't see prices staying this low for long, Economies will be getting wrecked world wide!
Well I hope so ...just bought 2500 ETFs. Some big money moving in and out here judging by the trades. Cost is about 230p in GBP.
So where is the AAOG RNS confirming all this?...Too ashamed to issue one I guess.
if it has not already been mentioned, there was a sell recommendation in IC yesterday. Says new contract won't contribute to profitability until 2021 onward.
A very positive interview. But as always based on 'hope and expectation' for the future. Same old story all the way with this gas storage project, and now with H & W. ( But that is to be expected with this type of project at this stage) John Wood is one of the most capable CEO's I think I have ever seen and he has pulled of some remarkable deals for this AIM tiddler. And there's the problem....with a Mrkt Cap of a piddling 8m and 3.8bn confetti shares in issue, no one takes them seriously!
I doubt we will see a sustained rise until the banking covenants get sorted out.
There has been a string of bad news to bring it all the way down from 800p.
Mistakenly reported revenue
End of cheap labour from Europe (which they supplied a lot of)
3 profit warnings recently
iis selling out
CFO walking
Now in danger of breaching their banking covenants. Could be turned around perhaps?
I see today on BBC news that
'Tesco said the virus could add almost £1bn in extra costs due to extra staff and store expenses. It said it had already experienced a "significant absence" of staff amid the virus and had recruited more than 45,000 new staff over the past two weeks to cope with the heightened demand'
Since Tesco seems to be one of Staffline main clients, along with the other big supermarkets chains (they are probably also having to do extra recruitment as well) there really ought to be some big revenues here for STAF.
Tough one. When you have a short position on a share which is suspended, you are in a kind of limbo unfortunately. Until the company officially announces it is going into admin and there is nothing left for shareholders (ie shares are worth '0p') your position is still considered 'open'. Normally you would close it by buying equivalent number of shares back. Obviously you cannot do that during suspension. The trouble seems to be that even if the company delists and goes private etc but still survives, it is still not considered 'bust' even though you cannot trade the shares.
Tipped in IC today by Simon Thompson
'A reassuring trading update from Aim-traded Pelatro (PTRO:40p),a company that makes its money by providing telecoms operators with precision marketing software, has confirmed that the business has been unaffected by Covid-19, a point that makes the de-rating this year completely unwarranted. '
Moreover, Pelatro started 2020 with US$4m of recurring revenue already secured (a mix of support and maintenance, managed services and gain share contracts), and an effective annual run-rate of $5m. Add to that conversion of at least some of its last reported US$15m contract pipeline, and potential for higher demand from contracted work (existing customers account for a third of the bid pipeline), and finnCap’s 2020 revenue estimate of US$8m, up from US$6.5m in 2019, should drive a strong rebound in pre-tax profits and EPS to US$2.2m and 5.6¢ (4.9p), respectively. A 2020 PE ratio of 8 fails to capture that growth. Buy.
Tipped in IC today by Simon Thompson
'after factoring in the valuation uplift on the disposal of CH8, and the recent depreciation of sterling which enhances the sterling value of the high yielding overseas properties, I estimate First Property’s current net asset value (NAV) is 66p per share, or 10 per cent higher than at the end of September 2019 and 2.5 times the current share price. The shares also offer a dividend yield of 6.3 per cent, with the annual pay-out covered three times over by recurring net profits. '
'research from mobile payment platform Bango (BGO:103p) reveals that in the first week of the lockdown in Singapore, Taiwan, South Korea, Japan and Hong Kong, average consumer spend in key areas increased as follows: social gaming (up 21 per cent); online goods (21 per cent); streaming (25 per cent); and food delivery (40 per cent)' BUY.
EXTENSION OF EXCLUSIVITY AGREEMENT FOR A FLOATING STORAGE AND REGASIFICATION UNIT OFFSHORE BARROW-IN-FURNESS IN THE UNITED KINGDOM
InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects and physical asset life-cycle management advises that it has extended its period of exclusivity under the Exclusivity Agreement ("Agreement") that it entered into with Meridian Holdings Co. ("Promoter"), a Cayman Islands company, on 08 July 2019, to facilitate the development and an acquisition of the Promoter's Floating Storage Regasification and Reloading Unit Project ("FSRU Project") in the United Kingdom. Under the terms of the Agreement, the Company now has exclusivity until 20 March 2020.
Wonder what is going on?
Game over ….for the shareholders at least. Nobody will lend them any money by the sound of it, hence cannot keep going. Expect some one will grab Travelex and the other choice bits for a song. What a sorry tale! Shetty and the auditors etc really should be taken to task for all this. Feel sorry for anybody losing a lot here.
Scraping along on a 52 week low! (but then again so is half the market.) Sitting on a big loss here. Tried to sell in the 10's, but NT,NT,NT etc! MMs don't want anymore shares dumped on them. Just have to hope and pray they actually 'discover' some thing of value and soon, and I can get back to break even and get out ! Very poor investment so far, despite the hype.
All rather predictable really given the situation at NMC and the same characters involved. First say all is well and we are nothing like NMC. Then admit there may possibly be some short term problems, and then finally admit the dodgy balance sheet.
The fall out from Coro-19 is not known yet, especially when it comes to Africa. Markets still in turmoil, and may well fall further. If the knock on effect is a global recession, getting finance for potash projects may not be so easy. Took a small loss earlier this week and staying on the side lines for now! But GLA.
Really does not pay to go against the market. It is the nature of the pi to be 'hopeful' , but the market never does give 'benefit of the doubt'. Shetty must have lost a fortune here if he actually still has his 56% stake. Got a lot to answer for, but apparently he has done a runner to India I gather!
KOH I here what you say, but they 'know' that there are doubts surrounding the company because of the link with NMC, but they have done nothing to address those fears. Just pretending it is business as usual is not enough! I do hope all turns out to be above board. The one fact that gives me some encouragement is that they only IPO'ed in May 2019, whereas NMC was 2012. So far only one set of results to look at, and may be nothing is (yet) wrong .
I thought the last FIN update RNS was rather bizarre to be honest. Implying everything is now sorted and it is 'business as usual', as though NMC woes are nothing to do with us. (Despite having 3 x Shetty on the BOD and the brother of the CEO who got booted off the BOD of NMC!) I think they are sticking their heads in the sand and hoping that by looking sufficiently unconcerned that all doubts will fade away!