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Very interesting (once you get past the legal speak. Lawyers should never be allowed to write anything - only check what has been written in simple English)

What I interpret from this is messes Horny & Brand want to increase their stake in the company. No one knows the business better than those 2 & they already have a lot of skin in the game, so this bodes well for the business and the share price.

Interesting webcast. We learned a bit more bout Ocean Infinity. It doesn't sound as if they want to buy SRT (if Simon has read them correctly.) But it sounds as if it is opening up a new area for SRT products: sub sea surveillance. No idea what the potential is for that.

Black Rock would hardly be bidding for them.

Size of what?

For the last month or so, LUCE has traded around 120-125. In the last few days, it's climbed up to the mod 30s, at a time when markets have been generally negative. Any ideas?

Their CEO was on Business Live this morning - very upbeat about the future for their market.

I've been trying to get in below 420 for the last couple of weeks, just managed it this morning.

I assume he or she means Trading Update.

Look for a different broker. I'm with ii. Hargreaves seem to be a bit more expensive than ii, but probably cheaper than your deal. Presumably, any investment will have the same charges, shouldn't make any difference if you buy SUPR or GSK or BP.

If, as we investors believe, the business is going well, supported by all recent updates and director purchases, and the share price weakness is misplaced, then the next update should see some strength returning. Last year they issued a trading update on 18th Jan, so we should expect one in around 2 weeks - if the price continues to be weak, probably worth a purchase before then.

Hi Terry, not sure who IWEB are, but interactive investor classed this as a corporate action. Everything went through very well.

As for Primary Bid. Please No! Not unless they do it in conjunction with brokers. I hold my SRT in my ISA, and I do not want my holding in 2 different accounts.

It seems to have gone through in full, and the share price has recovered quickly. Just waiting for the new shares to land in my account now.

Yes, very nice. Does anyone know what's behind it?

Sorry for the repeat message - pressed the wrong button.

Like you I'm disappointed at the proximity of this raise to the previous, but they are in a (good) situation that is new to them. Having so much work on, with the project payments triggered by milestone achievements. I'm sure this is just a question of needing more ackers in the bank so they can carry on working without worrying about the exact timing of payments or having to take out new loans. They should probably have raised more in the past.

Another possibility is that Ocean Infinity approached them wanting a sizeable stake & they did not want to dilute existing shareholders' holdings too much, hence the Placing and retail offer on top of the subscription offer. (I always have to stop & think which is which.)

Will do more research on Ocean Infinity. The last high profile deep sea investigator died near the Titanic. Let's hope this guy is better prepared.

Thanks for the link - well found. It's the first time a related business has taken an active interest in SRT, could a bid follow?

Thanks for the link - well found. It's the first time a related business has taken an active interest in SRT, could a bid follow?

I can understand your emotions, but not your planned course of action. If you think the shares will recover - why not buy more under the retail offer? The share price has not gone down to the offer price which is a good sign. So you'd be buying at a discount.

And the purchase looks good - managing asylum seekers is a big job & seems to be growing.

"ITM as the UK’s only green hydrogen electrolyser manufacturer."

What about CPH2?

And back down again

Thanks for the explanation, candid, that makes sense.

My feelings are similar - share price is down because the charter rate and assets have been weak, but the trend is looking goo for the future.

"pressure on its operating costs when the National Living Wage goes up" - we've known about that since the autumn statement, so why the panic in the last 2 days?