Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
ECO, and PIRI as has been mentioned, are suffering from the fallout of Tullow's recently announced board room upheavals and forward looking statement. PIRI is propped up recent initial purchases, that could lead to some significant shareholder value, should those investments be enhanced by public offerings and an IPO along the way.
PIRI is worth looking at ? It has a significant stake in ECO whilst it share price has not budged since ECO started to push out excellent news in the last few days. PIRI though has very few issued shares, most of which tightly held, so liquidity is an issue. But if you take a longer term view of this, PIRI shares are worth "bottom draw" investing.
There can be no trading in PIRI shares as the market makers keeping a lid on available stock and spread. PIRI shares are for buying and holding and a loser for those wanting to trade on small sp movements. ECO will be receiving over $12mns from TOTAL once final details of a 25% stake transfer is completed.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ECO/13788
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ECO/13788
Confident Buy or foolhardy speculation ?
150,000 shares bought, spend £4,000. That is some confidence ? With ECO up 4p/share and Tullow racing away 8p/share higher on the day. Appears that some good news might be on the horizon ?
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ECO/13785581.html
has entered into a conditional sale and purchase agreement ("SPA") to dispose of its 5% interest in Horse Hill Developments Limited ("HHDL") to UK Oil and Gas plc ("UKOG"), a company admitted to trading on AIM. UKOG already holds a 49.9% interest in HHDL which in turn holds a 65% interest in two onshore UK petroleum exploration licences, PEDL 137 and PEDL 246, which contain the Horse Hill oil discovery.
UKOG has agreed to pay Primorus an aggregate consideration of GBP1,375,000, made up of GBP375,000 in cash and the balance of GBP1,000,000 by way of 57,142,857 UKOG shares priced at 1.75P being the bid price at the close of trade on 16 August. The SPA is conditional on the written consent of each of the members of HHDL to the sale of shares as set out in HHDL's articles of association.
Once the disposal is completed, Primorus' will no longer hold a direct interest in HHDL but will retain exposure to the project via share ownership in UKOG and Solo Oil plc.
Alastair Clayton, executive director of Primorus, commented "We are delighted to have undertaken today's conditional disposal. This transaction is a fantastic result for our shareholders as it vastly improves the liquidity of our investment portfolio whilst we retain upside exposure through ownership of a large number of shares in UKOG.
We decided to accept UKOG's proposal in light of the excellent initial results for the Portland released to market on 18 July and the upcoming Kimmeridge long-term flow test. We have sought to recover our 2018 cash calls to the extended well test ("EWT") budget and exchange our exposure to the EWT from a direct interest in HHDL to £1,000,000 (57,142,857) shares in UKOG.
We are expecting excellent results from the EWT flow test and by holding UKOG shares in lieu of the direct interest in HHDL we believe that should the EWT continue to perform as expected we can leverage directly off any positive movements the UKOG share price without having to contribute significant cash payments directly to the HHDL budget.
Furthermore we gain exposure to UKOG's other projects including the advanced Broadford Bridge, also in the Weald Basin."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Did PIRI really say that it was actively looking at, or for, a potential reverse takeover target. If so, that leaves the current market cap same as asset value, so the potential for some serious upside a real possibility. With a Mr Reynolds building up a stake of over 5%. My opinion is, PIRI represents an undervalued stock based on current, and future events possibilities.
has signed an initial two-year partnership agreement (the "Agreement") with VMI SISTEMAS DE SEGURAN�A LTDA. ("VMI") to distribute Image Scan's portable X-ray security product range throughout Brazil and Latin America (together, the "Territories"). Pursuant to the Agreement, VMI will be responsible for distribution, local support and servicing of the Company's products across the Territories. VMI, based near Belo Horizonte MG, (http://vmisecurity.com/) has extensive experience of the security markets in Brazil and Latin America and is the leading indigenous x-ray manufacturer in the region. VMI was formed in 1985 and has a turnover of approximately $40m USD employing over 400 staff. The Agreement demonstrates Image Scan's focus on enhancing its sales and marketing presence in key strategic areas and expanding its geographical reach. Commenting on the Agreement, Otavio Moraes, President and the son of the founder of VMI Group said, "Image Scan's range of portable X-ray products will be positioned in a number of sectors where we have a strong position and excellent end user relationships. With our strong relationships within the private and public sectors in Brazil and Latin America and Image Scan's portable product range, we fully expect to be successful in introducing its products to these markets." Image Scan's Executive Chairman, Bill Mawer said "VMI has a large installed base of its own manufactured static x-ray systems and the Image Scan portable product range offers a complimentary offering to the existing and growing VMI user base. VMI combines the market presence and technical knowledge we need to drive rapid take up of the new portable X-ray products that have been launched from our product development programme."
trading update, following the release of its Interim Results on 23 March 2018. In the Chairman�s Statement accompanying the Interim Results it was stated that there were a number of significant contracts, with QM Systems, awaiting award over the next 4-6 weeks. The Company is pleased to announce that four such orders have now been received with contract values in the range of �150,000 - �500,000 and that total orders received by QM Systems since the announcement of the Interim Results on 23 March 2018 amount to �1,152,000. As a result, the total orders received by QM Systems in the four months to 30 April 2018 was �1.9 million. In addition, the enquiry pipeline remains strong and the Directors remain confident that the buoyant order intake will be maintained throughout the remainder of this financial year. Gordon Watt, Chairman of PipeHawk, stated �Businesses are increasingly realising the significant advantages that QM Systems� one stop shop approach to no-fault-forward automation provides in terms of productivity, efficiency and reliability�.
Announces today that its wholly-owned subsidiary, Safetell Limited ("Safetell"), has secured a new supply agreement for physical security equipment including time-delayed cash handling equipment and secure cash storage units, for a major UK high street financial institution. The agreement will run from April 2018 for five years with options to extend for up to 11 years in total. Safetell is unable to provide exact revenue expectations due to the bespoke nature of the solutions created, which are designed to suit various branch sizes across the UK. However, the customer's first-year projections are estimated to generate between �1m and �1.5m of product and installation revenue for Safetell. Anton Pieterse, Managing Director of Safetell, said: "We have supplied this customer for over 14 years which reflects the quality of our bespoke solutions and enduring support for major organisations all over the globe. We have been working in partnership with the client to develop customised security screens and parcel hatches that will be installed in various branches around the UK. We are proud that major high street retailers not only choose Safetell but collaborate with us to develop physical security and counter-terror solutions that evolve with their customer requirements and ever-changing risk profile." Safetell designs, manufactures, installs and provides maintenance for a range of bespoke physical security, counter-terror, and target hardening solutions. Products include security screens doors and glazing, plus counterwork. Safetell also provides a range of time delayed cash recycling safes for the banking sector and other cash-in cash-out operations. The Service Division provides repair and maintenance support for the branch networks of high street banks and the retail sector, including lock repairs, CCTV services, access control support and repair of physical security equipment.
Announce today that its wholly-owned subsidiary, Safetell Limited ("Safetell"), has secured a new supply agreement for physical security equipment including time-delayed cash handling equipment and secure cash storage units, for a major UK high street financial institution. The agreement will run from April 2018 for five years with options to extend for up to 11 years in total. Safetell is unable to provide exact revenue expectations due to the bespoke nature of the solutions created, which are designed to suit various branch sizes across the UK. However, the customer's first-year projections are estimated to generate between �1m and �1.5m of product and installation revenue for Safetell. Anton Pieterse, Managing Director of Safetell, said: "We have supplied this customer for over 14 years which reflects the quality of our bespoke solutions and enduring support for major organisations all over the globe. We have been working in partnership with the client to develop customised security screens and parcel hatches that will be installed in various branches around the UK. We are proud that major high street retailers not only choose Safetell but collaborate with us to develop physical security and counter-terror solutions that evolve with their customer requirements and ever-changing risk profile." Safetell designs, manufactures, installs and provides maintenance for a range of bespoke physical security, counter-terror, and target hardening solutions. Products include security screens doors and glazing, plus counterwork. Safetell also provides a range of time delayed cash recycling safes for the banking sector and other cash-in cash-out operations. The Service Division provides repair and maintenance support for the branch networks of high street banks and the retail sector, including lock repairs, CCTV services, access control support and repair of physical security equipment.
Announce today that its wholly-owned subsidiary, Safetell Limited ("Safetell"), has secured a new supply agreement for physical security equipment including time-delayed cash handling equipment and secure cash storage units, for a major UK high street financial institution. The agreement will run from April 2018 for five years with options to extend for up to 11 years in total. Safetell is unable to provide exact revenue expectations due to the bespoke nature of the solutions created, which are designed to suit various branch sizes across the UK. However, the customer's first-year projections are estimated to generate between �1m and �1.5m of product and installation revenue for Safetell. Anton Pieterse, Managing Director of Safetell, said: "We have supplied this customer for over 14 years which reflects the quality of our bespoke solutions and enduring support for major organisations all over the globe. We have been working in partnership with the client to develop customised security screens and parcel hatches that will be installed in various branches around the UK. We are proud that major high street retailers not only choose Safetell but collaborate with us to develop physical security and counter-terror solutions that evolve with their customer requirements and ever-changing risk profile." Safetell designs, manufactures, installs and provides maintenance for a range of bespoke physical security, counter-terror, and target hardening solutions. Products include security screens doors and glazing, plus counterwork. Safetell also provides a range of time delayed cash recycling safes for the banking sector and other cash-in cash-out operations. The Service Division provides repair and maintenance support for the branch networks of high street banks and the retail sector, including lock repairs, CCTV services, access control support and repair of physical security equipment.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PIRI/13622766.html
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ECO/13610196.html
Being involved and linked with TLW ECO (Atlantic) is having no appreciable value on PIRI's share price ? Despite both of those associated companie's share price racing away since PIRI first invested. If PIRI's investment in ECO still amounts to �1mns, then there is something intrinsically wrong with the Market or PIRI is not receiving the investment potential attention or promotion it deserves. Either way a company that is valued less than the sum of its investments, then the share price presents tremendous value, and or a re-rating.