Member Info for Giveitago

I like most LTH ( been here since October 2010) can only wait on the sidelines until the deadline has reached to see what transpires. GLA

The last quoted RDW price as far as I recall was around 770p which equates to 536p taking account of the enhanced number of BDEV shares allocated. What, other than going ex dividend, has caused such a drastic fall when house building and mortgage approvals are on the up!

The way forward with BDEV is likely to be subject to fairly rapid resolution by both parties as the CMA have only raised an issue in one area where they have ongoing house building operations. I am convinced this can be overcome by both builders to reach a positive joint forward going venture to benefit both companies.

If you are thinking of buying with the market price hovering around the share offer price at least if you do so via the offer the money will go towards CHAR as opposed to another seller through the market. However it depends on how many you are seeking to buy as you could be limited via the offer.

A bland series of statements in the RNS with very little information we did not know already and for the one item we all would like to be updated on definitely no mention of the ongoing (??) sales process.

When will we be updated? Perhaps not at all. 🥺

As we have all been kept in the dark for so long with no real constructive and believable updates all we can do is wait until what (if anything) transpires from tomorrow’s AGM. I must admit I am not holding my breath for anything positive - just more of the “same old same old”.

Shame after being here so so long

Energean recently posted their end of year results which came in as turnover up from £737m previous year to £1.4blion this year with profit up from £107m previous year to £344.2m.

Good to see as were the results from many oil companies over the same period. Their involvement can only be good for Chariot surely!!

Quite a lift in Toronto yesterday - Condor up 28% to $0.50 on TSX .

A very detailed break down of what has been agreed by the two parties together with probable ramifications to PREM and its shareholders. Thank you.

Late news to some but just picked it up myself. The Economist gave coverage of Chariot in an article on gas and renewables , specifically big hydrogen projects, in the 22nd-28th July edition about a mega project in Mauritania by Chariot., a subsidiary of TotalEnergies aims to produce 1.2m tonnes a year. Mauritania’s energy minister, Abdesalam Ould Mohamed Saleh was quoted as saying “This is an extraordinary opportunity”.

My HL account has now shows that I have been credited with my excess allocation which was four times my original quota .

I will be very surprised if we can hold the current share price tomorrow with 15,161,373 shares being added as a result of the recent open offer. Still nothing seems unusual in today’s market though so may be surprised.

If the assets are sold what is left of value to the shareholders ?

I cannot seem to find the recent Mines and Money interview by MC. If it has been taken down does anyone know the reason- was it something he shouldn’t have said or am I reading too much into it. With the current fund raising you would have thought it necessary for video commentary by the CEO to remain.

The latest interview with Mark Child at Mines and Money is now available on YouTube where he says any money raised from the asset sale will be subject to discussion by the board with Jim Mellon having a large say over any return to shareholders. Eighty copies of sale documents have been forwarded to parties who may be interested.

It is all about having confidence in the board of directors as if you buy shares in the market ,even at a lower price , then any money paid will not go to saving the company as it would if you take up your entitlement. Humph !!

The share price reduction has surely been overdone as I cannot believe that Redrow has lost almost half of its value ( 412 pence currently) In the downturn from what its share price was in February this year viz 800 pence. The tide will turn I am sure.

Backing out of London cost RDW about £35 million but their developments around the country are the way forward. Onwards and upwards now the bad news is behind us.

It looks like the Help to Buy scheme may be extended beyond December which should provide a positive impetus to house sales.

“Buy to let investors have swooped to take advantage of the stamp duty giveaway “ says the Money section of the Daily Telegraph. The so called Bank of Mum and Dad is also moving in. James Holmear of Redrow said the waiting list for its Frenchay Gardens project in Bristol lengthened by 30% in two days after Mr Sunak’s announcement.