Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
It’s a tough call, FOMO being a big factor for LTH’s. I sold two days ago and if I’d held until today would be a good few grand worse off. A bird in the hand etc. whatever anyone decides it has to be their call, if you sell and the rabbit does indeed jump out of the hat then it would be gut wrenching but if you hold and the BOD trash the SP even further that too will be gut wrenching. The profit doesn’t exist yet neither does the loss but the equity is real and it’s your choice as to how you protect it, or not. I’m sitting on the cash for the timebeing and monitoring regularly, if it turns then I’ll miss the initial jump but as it’s always been about the medium to long term I will still end up making something back. At present I know for certain nothing is being chipped away at. As with most things in life whatever you do no looking back and don’t wallow in the regret,
That’s the take I have on it. For the first time in a few years I am completely out. Taken a loss as a LTH, but after last weeks RNS then who can trust the BOD to have the shareholders backs? They have a different priority and agenda it seems. No point in watching your equity whittle away day by day in the hope of a rabbit being pulled out of an hat. Apart from the backlog and expertise what would someone want to pay up for? May as well sit back and pick over the bones if the refinancing doesn’t come off or heaven forbid they start to lose contracts due to a worsening financial position. Keeping track of this as would love to feel confident enough to get back in but at the moment I got fed up compounding a loss.
Assuming nothing tangible is announced between now and the TU anyone got any thoughts where the SP might end up after that? Just thinking that as they did a good job of sabotaging the recent rise can’t imagine they will be doing their utmost to boost it anytime soon.
Well if the knock down takeover theory is correct (and at the moment, until official confirm all is still in play) then the bidder had better get a move on, if the shorts start to buy that narrative then they are going to cash out which in turn will affect the SP and PFC have played their Joker to stem the price rise they can’t use it twice. Could get messy over the coming days, this can’t go on for much longer that’s for sure.
Also if shorts did start to close I can’t believe it is down to elevated borrowing costs, they’d only close if they got wind that something positive was going to happen to the SP or something catastrophic happened and they were quids in (may be a simplistic view but human nature is sometimes). 3 days of rises with no apparent cause, only stopped because of a veiled threat of D4E from the company. Why the 3 day rise? And why would PFC feel compelled to issue a non committal informational RNS? (possibly with the intention of stemming the rise I couldn’t see any other purpose of that RNS) it just reiterated what was said before but moved D4e up front to create the impression that was their path. I don’t really do conspiracy theories but something is just not adding up.
Been following the discussions as a LTH, who like many, is over exposed in this (no complaints my choice and take on the company). Just a couple of things I am trying to understand. One poster says the D4e is a given after the RNS (don’t think it said that but anyway) so implying the equity price will collapse once confirmed. Then he says that the price held up after the initial drop on Friday because some shorters were closing positions due to costs increasing. So the shorts get a good signal that the share price is going to collapse if his scenario is correct and then after months/weeks of holding their positions chuck in the towel just as it looks like all their dreams are about to come true plus hold up the share price in the process. Something doesn’t sound right there or am I missing something.
Just wondering if the court goes off to consider before delivering it’s estimate after the guilty plea is accepted? I suppose if it’s all pre agreed then it’s possible they could deliver it today, just thought they normally recess to consider before handing down the fine/sentence. They are judges after all and red tape and bluster is the norm.
RNS just out
I agree, it is. Unfortunately the people that run the World’s economies don’t, and that’s the problem.
I don’t think it is a question of financial difficulty at present it’s the future uncertainty that is driving decisions by companies to stop/pull dividends as they attempt to stave off future shocks. No one has any idea how long or how bad this situation is going to be, this doesn’t resemble any past crash so there’s no play book. You either have an opinion that shares will one day come back and companies will again return to making profits and distributing dividends and are prepared to watch your portfolio shrink on a daily basis until there is a solution to the problems currently facing the World, or you believe the opposite, are prepared to crystallise any losses already incurred to protect your remaining capital and head for the exit before the herd decide to do that and block your way. Same choice for all of us I’m afraid.
Over the last few days there have been several companies cancelling declared dividends. Microfocus 2 days back, Crest Nicholson today and that was their Ex Div date. New river Reit issued guidance saying they are canning their Q4 divi although that wasn’t declared. Expect more of the same to come as companies attempt to bolster their balance sheets to combat the unknown. Someone commented that BP cancelled a dividend a few years back that had already gone EX. Apparently up until payment date any company can legally pull it, just takes a vote by the board.