Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
If the trade is at a price higher than the bid-ask midpoint at the time of the trade, they call it a buy. If it's below the midpoint, they call it a sell. Nothing more complicated than that. Not always accurate but still a reasonable indication of what's happening.
Hey, we're in the wrong business! Instead of trying to get gas out of the ground (or find someone who wants to put it in), we should become derivatives traders. It seems to be more profitable and you don't have to deal with faulty compressors, nimby neighbours and the rest of it.
Excellent summary Poppyseed. It is really still a matter of wait and see (and we've been waiting and seeing for a very long time now), but I have the feeling that this is one of those things that takes forever to get underway, but once it does get moving, picks up speed very quickly.
My guess is that a very considerable part of the price fall can be attributed to massive shorting by the hedge funds. They're playing a risky game because if the sp remains at its current level very long, there is a very real possibility that someone will make a takeover bid. In any case, those are all shares that will have to be bought back sooner or later and volume is a two-edged sword.
I agree 100% with you, Rathgar. My wife and I have had Vodafone accounts in both the UK and the Netherlands for many years. Never a complaint in either country. Excellent service in the shops in both places, especially the Netherlands. Nothing but good to say about Vodafone's customer experience. Now to sort out management and finances.
An unrealistically high target price can mean that one of the broker's instutional clients has a load of shares it wants to get rid of. Of course, it can simply mean that the analyst enjoyed a particularly boozy lunch that day.
Not very encouraging reading, is it. The value of the assets remains "highly uncertain", but whatever it turns out to be, I think we have to assume that it will be a small fraction of what is owed to the creditors.
I love shorters - they're guaranteed buying for the future. If the sp goes down, their buying supports the price as they close their positions to take profits. If the sp goes up and they decide to cut their losses, it just adds to the sp rise. And if they're all in a real hurry to buy, it provides the most wonderful entertainment: a short squeeze.
My company's accountants also take forever to do anything. They claim there's a tremendous shortage of personnel because everyone wants to work part-time these days. I don't expect it would be any better if we went to a different firm of accountants because they all draw frim the same labour pool.
I'm also expecting an RNS full of good stuff, so I'll go with a close of 1.60 on the first day of trading and I'll stick my neck out with a prediction of 2.00-2.50 a week after the RNS.
Financial health warning !!!! My SP predictions are usually worthless. Ask Mrs gmed.
But if the administrator replaces masterman, perhaps the company won't have to pay his salary any longer. And if the administrator does actually manage to keep the company alive and operating, he'd be worth his fees, no?
Gug, fortunately, I've never been involved with a company that had anything to do with administration or insolvency, so I'm no expert in the field. Please correct me if I'm wrong, but as I remember it, administration and liquidation are two different things. The goal of administration is to see if the company can be saved as a going concern while under protection from creditors. The administrator can decide the only course of action is to sell some of the assets, but he can also try to work out some sort of a deal with the creditors to allow the company to continue, or in this case, resume operations. If neither of these is feasible, of course, the receiver is just around the corner and it's then liquidation time. I agree that in a liquidation there probably won't be anything for us. But before throwing in the towel, I think it would be a good idea to see what the administrator plans to do.
Troajan - Yes, perhaps it is a bit premature to jump to conclusions about asset sales. I also try to keep a balanced view of things (bleedin' difficult at times!) and an alternative possibility is that the creditors have simply lost faith in mm's ability to manage the company and have forced him to accept an administrator to try to salvage the situation if possible, which it itself would be no bad thing. As you say, at the moment the company may be on life support, but it IS still breathing. We await developments.