What a nonsense placing,yet more dilution and drop in share price.What drives me mad is the accompanying statement (which someone below touched on in earlier post) saying the various markets are worth x billion by the year 2025 or whatever,what good is that when you've got zero market share and unlikely to ever have one-just tell us what's happening-this is one of the worst companies for keeping long suffering shareholders in touch.
I admire the optimism from people on this board,sadly from my experience over the past 5 years investing in this pile of garbage I fear your optimism is misplaced-nothing ever seems to come to fruition,all we get is promises of jam tomorrow and more execs appointed who seem to bring little to the party
i guess so Soberman,annoying that they didn't take advantage of recent tender offer,but with market price at substantial premium at the time I suppose the greed factor took over and now they're dumping stock at these levels-which to be fair is still better than 560.Glad RRE dumped them as advisers though.Just a shame Cantors and Hannam can't rustle up a buyer and take them out
what idiots are selling here?? They're now below the price before the second blockbuster deal was announced,mind blowing.trouble is the longer they languish down here, the more susceptible they are to a cheeky bid
RockRose will get a number of gas and condensate licences in the Netherlands as part of this deal and it will add a further 13 million barrels to its net developed reserves, taking total 1P reserves to 23 million barrels of oil equivalent, and production to in excess of 10,000boepd, with a 60% gas to 40% oil split.
These licences, which are currently producing around 5,000boepd, also have further significant upside from potential further development and conversion of prospective resources into reserves.
Although many of the licences are old depleted fields and not of huge interest, it did get the Nelson, Howe, Ross and Blake fields with 2P reserves of not far off of 10 million barrels attributable to RockRose, and likely to continue to produce until at least 2024.
I think the rise can be put down to last weeks presentations in the City from the company,at last their PR people are earning their fees....all very positive.Also a very innovative RNS regarding Lucyd,ie funding through blockchain etc,which I admit I don't fully understand,but sounds impressive and not picked up by general media,which is a shame.Anyhow as someone mentioned below,it would be nice to see one deal come to fruition.
I agree with Seifert,valuation looking astronomic and any miss in earnings,as AUNboy points out will see these trading with 4 as a big figure.I'm not short yet,but will prob dip my toe tomorrow.Several things don't add up.Ex CEO left in Feb due to family matters but just over a month later resurfaces at a VC company....perhaps he saw the writing on the wall and didn't want to be in charge when the proverbial hits the fan.Also a straw poll of my local restaurants are leaving JE,costs simply too high with cheaper competition entering market.And then there's the CMA investigation,which could drag on for months.I'm sure the Bulls will tear these arguments apart but we'll see
It is bizarre that a potential company changing announcement is met with a 4%rise....Fallingknife has hit the nail on the head they constantly fail to monetise any of these deals.Take crisp and bake,whatever happened to trials November before last??did he not like the deal?if not say so and keep investors in touch,is there someone else he's talking to?At some stage there will be some positive news(hopefully) and they will raise money at a quid but it's so frustrating waiting.I suppose only flip side is they're ridiculously undervalued with the tech they've got so will keep chipping away
Amazon rolls out restaurant home delivery,Amazon's restaurant home delivery service-and rival to Deliveroo-is today being extended to swathes of West and north London after a successful trial launch in September etc etc from tonight's Evening Standard.First Uber now Amazon,good luck JE
Also it's about time we heard from company on progress of at least one of their ventures....from memory a recent RNS said something might be out in next couple of months but that was almost a couple of months ago!!
Headline "Takeaway wars heat up as Uber expands" upshot is Uber are now upping the number of restaurants they cover from 150 to 500 .UberEATS say they have signed up 500,000 Londoners since launching in June,yet more competition for Je
Not heard of these guys until post below,checked the website and found they charge restaurants a flat fee of £65 per month as opposed to just eats average charge of £750!! Shouldn't take much marketing to lure customers away.....just another competitor for je in this increasingly overcrowded market