Member Info for Gist

Never thought I'll see under 3 here.

Shame it's come to this but the resources are still there in the ground, can console with that, going long.

GLA.

Hi all,

I've just taken a position here, hopefully my timing is right (timing wasn't planned by the way).

Hoping to go very long all things been equal.

GLA.

If you don't have enough capital gain to use it against, I'll advise you bring the loss to HMRC's attention, that way you can carry it forward until you have a capital gain to use it against, if not you'll lose it after some years as you can only carry capital loss forward for a limited period unless registered with HMRC.

All the best and GLA.

* Typing correction

Johnboi1968, as people have rightly said, you can only net off a capital loss against a capital gain not other form of income to reduce your tax like your salary unfortunately.

If you don't have enough capital gain to use it against, I'll advise you bring the loss to HMRC's attention, that way you can carry it forward until you have a capital gain to use it against, if not you'll lose it after soon years as you can only carry gain loss forward for a limited period unless registered with HMRC.

All the best and GLA.

Good to see the rise in SP today, here's to wishing more rise in the coming days and months.

Just calculated my average, it's 15.7, hopefully we go pass this very soon to take me and LTHs out of red.

GLA and have a lovely weekend.

If the value is actually $600m, then I'm sure shareholders will benefit in the long run too.

GLA

They get their money back and then the higher of ........ between 2 to 4.25 times.

After the 5th year, they take interest of 25% per annum, wow.

How much is the claim even to give all this? That might maybe justify these charge.

On the face of it, it looks good until you see the details.

In the event that there is a award and/or recovery, LCM Funding shall be entitled, in the first instance, to the amounts it has deployed from the Facility, as well as the greater of:

a)         approximately US$1.05 million being 10% of the Funding Limit;

b)        a Funder's commission (the "Commission") of between 5% and 15% of the damages recovered, based upon the number of years that have passed from the date of the Funding Confirmation Notice; or

c)         a multiple (the "Multiple") of between 2 and 4.25 times the total of the Facility, based upon the number of years that have passed from the date of the Funding Confirmation Notice.

 

Time period

Multiple

Commission

Funding Confirmation Notice to its one-year anniversary

2

5%

1st year anniversary of Funding Confirmation  Notice to 2nd anniversary thereof

2.5

7.5%

2nd year anniversary of Funding Confirmation  Notice to 3rd anniversary thereof

3

10%

3rd year anniversary of Funding Confirmation  Notice to 4th anniversary thereof

3.75

12.5%

Any time following the prior period

4.25

15%

 

Following the fith year, the Funder is additionally entitled to an agreed interest rate at 25% per annum on the Deployed Funding until receipt of damages payments.

The £12,556.42 to be precise today was a buy, I know as it was mine.

GLA.

Things might change here for the better once all the restrictions are over, I think we are closer to the end of the pandemic.

Hold for long term.

GLA.

Not a happy reading, I guess this should go to bad debt unrecoverable. I was hoping we at least get something back.

And the UK has the audacity to call African countries or others corrupt, this is legalised theft, broad day light robbery.

That AIM still exist and is apparently "regulated" is beyond imagination.

I feel sorry for those that got sucked in here.

A word of advice for newbies, share price will almost certainly go back to the placing price, it's almost 100% guaranteed, don't get burnt at this price.

GLA

I agree with Rob.

As much as I want this to come back to live and salvage something, I think it's a write off unfortunately.

I hope I am wrong.

GLA.

Another good RNS, this should give any LTH good hope for the future and help settle any nerves for those still in doubt.

Seat back and watch this reward us all in future.

GLA.

Amazing, 5 out of 5, 100%, what's not to like here.

Seat back and enjoy the ride.

Have a lovely weekend all.

GLA

Very good RNS today, I am very surprised people haven't clued up to us yet.

I am sure our time will come and it will be massive, patience and LTH is the key here.

GLA.

Looks very positive and promising to me, one for the future I guess.

LTH.

GLA.

The company value simplicity when travelling and thanks to the
Norwegian Travel Assistant app and the award-winning loyalty programme
‘Norwegian Reward’, which counts over four million members, passengers can
easily control every aspect of their journey. Onboard, Norwegian continues to
offer a modern and comfortable flying experience with free WiFi available for
all passengers.
”The results continue to be heavily impacted by international travel
restrictions. However, Norwegian is now in a much stronger financial position
and is able to plan for the future with renewed confidence and focus. Forward
bookings continue to increase in response to the relaxation of travel
restrictions and the roll out of international vaccination programmes. We expect
to see this trend continue in the remaining months in 2021 and through 2022,”
Karlsen continued.

Cash and cash equivalents were NOK 7,475 million at the end of first half of
2021, an increase of NOK 4,808 million compared with the end of 2020. Norwegian
now has a fully reconstructed balance sheet with close to zero net
interest-bearing debt, a strong cash position and a rightsized business.

Fornebu 31 August 2021
Norwegian Air Shuttle ASA

For further information, please contact:
Tore Østby, Norwegian Air Shuttle ASA, phone: +47 995 464 00

Important information

This release is an announcement issued pursuant to legal information obligations
and is subject of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act and the Market Abuse Regulation (MAR) Article
17 no. 1

Press release

Norwegian Air Shuttle ASA (NAS): Q2 and first half 2021 report and presentation

31 Aug 2021 07:00 CEST

Company Name

NORWEGIAN AIR SHUTTLE, Norwegian Air Shuttl ASA 15/19 7,25% EUR, Norwegian Air Shuttle ASA 17/20 FRN SEK, Norwegian Air Shuttle ASA 17/20 FRN, Norwegian Air Sh ASA 20/PERP 0 pct SEK CONV, Norwegian Air Sh ASA 20/PERP 0 pct EUR CONV, Norwegian Air Sh ASA 20/PERP 0 pct USD CONV

ISIN

NO0010196140, NO0010753437, NO0010783459, NO0010809940, NO0010883473, NO0010883416, NO0010883515

Market

Oslo Børs

Symbol

NAS

Norwegian today reported its second quarter results and published the H1 2021
financial report. The results continued to be impacted by COVID-19 and travel
restrictions in all markets. However, following the successful completion of the
reconstruction process and the subsequent NOK 6 billion equity raise, the
company is now well positioned for future growth and to respond to increased
customer demand.

Geir Karlsen, CEO of Norwegian, said: “The H1 financial report and Q2 results
mark a clear improvement in both the financial situation, due to lower operating
costs and the successful completion of the reconstruction process of the
company, and the gradual ramp up of our operations in response to increased
passenger demand.”

Profit before tax (EBT) was NOK 1,590 million in the first half of 2021,
compared with a loss of NOK 4,792 million in the same period in 2020. For the
first half of 2021, production (ASK) was reduced by 94 percent compared to the
same period last year. Total revenue in the first half of 2021 was NOK 591
million, compared with NOK 7,138 million in the same period last year, a
decrease of 92 percent. Unit revenue increased by 22 percent following a yield
increase of 93 percent and a decreased load factor by 28.8 percentage points.
Average sector length decreased by 62 percent. At the end of first half of
2021, the total fleet comprised 51 aircraft. Up to 32 aircraft were operational
during the first half of 2021 due to travel restrictions and lower demand.
In the second quarter of 2021, the company successfully exited the examinership
and reconstruction process which improved equity by NOK 10.7 billion.

Norwegian has committed to be a price leader in the Nordic markets, offering
affordable fares and a reliable service to more than 250 routes across its
European network. The company value simplicity when travelling and thanks to the
Norwegian Travel Assistant app and the award-winning loyalty programme
‘Norwegian Reward’, which counts over four million members, passengers can
easily control every aspect of their journey. Onboard, Norwegian continues to
offer a modern and comfortable flying experience with free WiFi available for
all passengers.
”The results continue to be heavily impacted by international travel
restrictions. However, Norwegian is now in a much stronger financial position
and is able to plan for the future with renewe

They are keeping to their word, this solidifies my trust in the board more and assures me this is a good investment that will reward LTH*

GLA.