Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Postman - why the bad attitude and language? This is a public chat site, you nor anyone else here has the right to call anyone names or tell them to leave the chat board.
I guess in your world no one asks questions and everyone is so smart and does lots of research, then why are you on this site?
Wow - price finally going up and we still have people complaining about something or the other.
This is a public chat forum, if you don't like what people are posting, ignore or filter. Why the silly comments and personal attacks.
Corruption represents a problem for businesses in Morocco. Almost all sectors suffer from rampant corruption. Cultures of patronage, nepotism, and wasta (the use of connections) exist, and inefficient government bureaucracy and excessive red tape deter investors. The legal framework concerning corruption, transparency, and integrity is in place, and the regulatory system is becoming increasingly transparent. Under the Moroccan Criminal Code, active and passive bribery, extortion, influence peddling and abuse of office are illegal. Anti-corruption laws are reportedly not enforced effectively by the government. Prosecutions of corruption cases have been accused of targeting only petty corruption, and, allegedly, companies owned by highly influential persons are rarely disciplined. Facilitation payments and giving and receiving gifts are criminalized under Moroccan law, but businesses indicate the likelihood of encountering these practices is high.
https://www.ganintegrity.com/portal/country-profiles/morocco/
So the question now is - How connected are Graham and Mohammad. SOU will have to pay something on TAX, the question is how much and where will the money come from.
Thats the riddle that needs to be solved for the share price to go up.
Its a classic shakedown (the whole tax business), SOU about to start making money on gas soon and local people including the government want a share.
The real question is how connected are the management or will someone "local" take over the company assets for a fraction of their worth.
A contributor on this forum explained it quite well:
Institutional investors rewards company management with share price increases (the majority of shares are owned by them, us plebs own maybe 13%), at the moment they are waiting for positive news including the ITP / Bergen sale before they reward RR management.
So until we hear good news, in my opinion it will continue to oscillate.
Would also like to show my support for Falk, he expresses his opinion and when I have asked him to explain his views he has done so in a non judgemental and clear way.
Everyone is free to post their opinions, would suggest ignoring if not happy with content of peoples posts rather than personal attacks.
Thanks for sharing your views (both sides of the spectrum), much appreciated.
Comes down to what's going to happen on the TAX situation and ability to negotiate the required deals. Hopefully the new management will share progress / give an update soon.
Good luck to everyone holding here
@ ps200306 - am trying to understand the point you are making in the messages below. Is the company is doomed and we will loose all our money? or am i missing something.
Have a decent holding in this share and assessing my next steps.
Unfortunately Boris and Co have to keep the drama going as long as possible, vaccinations are their only success story at the moment. Once we move on from that what is his response to Northern Irish Border challenges and related unrest, fact that UK Economy was hit the hardest by Pandemic due to Brexit etc... and we have no plan to fix etc...
Not overly impressed or feeling comfortable with them in charge to be honest. We need concrete actions not just rhetoric and drama
Yes I remember Telewest, for every good move there are always a few bad.
Mine were - PSINet this was decades years ago and Frontier Mining out of Kazakstan :-).
@ Jim - You are spot on when you say, everyone must find what the are good at when trading at stick to that. My lessons learned were - i) knowing when to cut your losses, and this can be painful ii) day trading is like gambling albeit with a bit of research, so only put in what you can afford to loose.
Good therapy to share the losses story on my day trading antics -
About 4 years ago put in 22,000 and lost it all. Was day trading the indexes and got it horribly wrong. Vowed never again.
Came back a year later with 10,000 made 17,000 profit and then lost all my profit in a day, again day trading indexes. Only lost my profit this time and vowed never again.
Started again in November last year with 5000 day trading, have managed to make around 14,000 so far day trading on FTSE shares.
The above is my day trading story, investments and long term holds is another chapter :-)
Good therapy to share the losses story on my day trading antics -
About 4 years ago put in 22,000 and lost it all. Was day trading the indexes and got it horribly wrong. Vowed never again.
Came back a year later with 10,000 made 17,000 profit and then lost all my profit in a day, again day trading indexes. Only lost my profit this time and vowed never again.
Started again in November last year with 5000 day trading, have managed to make around 14,000 so far.
The above is my day trading story, investments and long term holds is another chapter :-)
Am sitting on some pretty big losses today thanks to this latest RNS. Something similar happened to me on another share FML - Based out of Kazakhstan.
New management came in, one who was connected to government. Next thing we know, company worth nothing all shares lost and assets bought back at considerable discount by local "government" connected individual.