Member Info for ICB888

Buys now at full offer 12.5p so looking likely to tick up the sp again. Currently Number 11 on the Leaderboard as the volume hits 570000.

A continuation of yesterdays rise. Currently Up 6.5% on volume of 436000 at 12.25p. Decent size buys coming in. Last buy at 12.45 approaching full offer of 12.5p.

Moving quickly up the Leaderboard currently Number 15 Up 9.5% on volume of 420000 at 11.5. 11.9p has been paid so looking to hit full offer of 12p and continue the good start to the week.

Who said anyone was excited? I was just commenting on the reason for the auction. I am not excited by a 2.6% rise but make that a 26% rise and I would start to take some interest. Let’s see if there are any more large trades to come before the close or after it.

There is the reason for the auction 300000 Buy at 14.9183 just gone through.

An interesting day with a middle of the day 15% rapid fall to a three year low but now recovering rapidly. Now down 2% at 0.12 on volume of 95 million. There must be news soon. We haven’t seen volume like this since the 371 million on 14th March this year which moved the sp from 0.18 to 0.2575 in a day.

KB I don’t think for a second that your posts affect the share price. There is no doubt that the sp is close to 14p because of the placing at 14p. I fully expect that there will be an opportunity briefly to buy shares at 14p. That is what usually happens on placings even if sometimes the opportunity only lasts for minutes.

The sad thing about your “realist” is that your deluded intention is to influence the sp. What is the intent of your incessant deramping if not to try to push the sp down by creating a negative narrative. Everybody knows you are a trader who deramps to talk his book.

No surprise here with the Derampers on a three line whip on the morning the new shares are listed. This is their final attempt to get shares close to 14p before the rerate starts. The big news could drop at anytime now and remember the new broker target is 65p.

I agree with Oily Fred that based on my observation of many placings over the years it is highly likely that in the coming days the sp will drop down to the placing price in this case 11p. Sometimes this dip can be for a short period during a day or it could be for days but history says Oily Fred is very likely to be correct. I will be watching with interest and have cash available.

The GM to approve the placing and open offer shares will take place at 11am this morning. We should therefore have another RNS probably around noon confirming all resolutions were passed which will allow all the new shares to be listed tomorrow. We can then expect news on Anchois to land at any moment. Exciting times as we look forward to CHAR rerating towards the new target price from Cenkos of 65p.

“ Partnership Agreements Extend Collaboration on Green Hydrogen Pilot Projects in Morocco

Chariot Green Hydrogen Limited, a subsidiary of Chariot Limited, the Africa-focused transitional energy group, Mohammed VI Polytechnic University (UM6P) and Oort Energy Limited (Oort), are pleased to have signed further Partnership Agreements to extend their collaboration, as previously announced in November 2022, to test the production of green hydrogen in Morocco. The agreements are focused on the construction, commissioning and operating of an electrolyser pilot project as well as further development of skills and training within the sector.”

Good news this morning that the Green Energy project in Morocco is continuing to progress. It is very good to see the relationship Chariot is building with the Moroccan authorities on all aspects of transitional energy, which will be of benefit in the gas projects as well.

11.75p now Up 27% on volume of 1.8 million. Gathering momentum rapidly now.

Good start Up 16.2% on volume of 1.4 million. Currently Number 2 on the Leaderboard. This needs to go much higher just to undo the damage to the sp caused by the last RNS. With confidence restored this should quickly return to the mid teens.

It is always possible that there will be news on Monday. However with the GM to approve the new shares and the issue of the new shares early next week, it seems more likely they will get that out of the way first. They can then hit us with a wall of news. Having secured the new funds they can then announce details of the onshore license they are acquiring and details of the drilling which was the prime reason for the fund raise. Following that which should give the sp an initial boost they can turn the turbo chargers on with Anchois news. August should be a big month for Chariot.

I said that at the current sp there would be an instant profit on the new 14p shares to be issued next week. I did not say I intended to realise that profit instantly or that others should. It will need to rise much more towards the broker targets before I intend to consider taking some profit.

The person asking where the big buys are should start operating his brain before opening his mouth. The placing was taken up by institutional investors already invested and new II’s as per Julian’s interview. So once the GM approves the placing new shares equivalent to 10% of the company’s share capital will be issued to those II’s. So that is where your big buys are waiting to be processed.

I would also confirm that I am a long term holder who has not sold any shares. I have applied for my open offer shares plus additional shares at 14p. I have also bought on the market recently including yesterday when I was pleased to see the confidence demonstrated by a new shareholder declaring a 6% plus holding. If he is prepared to spend £9 million at this point in time I felt a top up was in order.

Good to see CTL back on the gain part of the Leaderboard. Currently Number 19 Up 8.3% at 52p on volume of 904000. Let’s see if we can get back to our recent high above 60p as we await the next news which could land at anytime now.

A very slow start in the first hour of trading but starting to pick up now on the buying side with less than 10000 in sells on total volume of 266000. Interesting to see how the day goes following yesterdays news which certainly moved it up in afternoon trading. If it continues to build from here it is giving an instant profit for those taking part in the placing and the open offer with those shares due to be issued next week subject to GM approval, which is virtually certain to be granted. The Anchois news should not be long after that.

The Bango Digital Vending Machine ("DVM") continued to drive growth, with ARR up 64% to $5.6M (1H22: $3.4M) and remains on track to reach $10M by the end of 2023. Bango signed new DVM contracts in the first half, with BenefitOne and 2 US telcos, including another top 5 operator. These new US contracts will begin generating ARR in 2H23. The Bango DVM now enables digital subscription services for 3 out of the top 5 US operators, serving 61% of US consumers.

Adjusted EBITDA* in 1H23 is expected to be -$0.4M (1H22: $2.9M), in line with management expectations, reflecting the costs associated with the DOCOMO Digital integration. The integration is progressing well with actions already taken to deliver $19M of the $21M of guided cost synergies. The benefit from synergy actions and the typical second half revenue weighting underpins management's confidence in delivering EBITDA in line with market expectations for the full year.**

Gross profit margin remained high at 90% in 1H23 (FY22: 91%). As at 30 June 2023, Bango had net cash of $13.4m (31 December 2022: $9.5M***) , including the previously announced $8M NHN loan. This is as a result of the phasing of working capital movements, which has positively impacted the first half.

It rose into the close with the last trade a buy at 15.71p on volume of 2.2 million unless of course we see some late trades reported.

It has definitely created some interest with 3 trades of 100000+ buys at 15.27p in the last 30 minutes.