PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Yes BT - the smoke & mirrors tricks played by the board will be high on the list when some dust settles on this. The BoDs protestations that things were OK, the accounting technqiues that allowed them to hide behind statements like that, the way they managed to convince HMG about their ability to deliver projects and services when they knew damned well what the situation was. And the general p1zz taking of all their sub-contractors who are either waiting for payment for work done or waiting for a contract to do. We are now with late projects even later and, I suspect, deep scrutiny cost cutting on all ongoing projects.
0759 haha - would be a bit late at 1759
Highly unlikely there will be any trading in CLLN - not that I won't be watching at 01759 mind!
Now that is a question!
Not too sure it needed to be sneaky BT89. If they hadn't been doing it with the knowledge of the impending implosion then they would have been negligent. As I said on Friday - the most important thing to government is continuance of services to which they have a legal responsibility to provide. The talk then was about either D4E or administration - government hardly metioned. Not an easy one this - the result all depends on the banks, some of which should know what it is like to go cap-in-hand to government when 'circumstances' and incompettent management combine to drive eye-watering losses.
FT quote: "Government figures said officials were acutely conscious that the �clock is ticking� before the markets open on Monday morning." Suspect it will be the markets opening minus 1 firm called CLLN - can't let the shorters take it to zero, which they would quite happily.
Quite a sizeable cash-flow problem that no-one seems willing to fill. 11th hour deal is still a possible, but IMHO the words this morning were not promising - hope they were just posturing. Am relying on the ramifications of a collapse and the effect on the streets to give myself hope that they will make a deal. True test of May's survival instincts.
Poker morning illbe. Meeting kicked off at 10am. Of course yes, always a 'may' - was only talking about the buzz from the FT. My personal opinion is that they may still support CLLN. If they don't, government will still have to stump up to run the operations they take "in-house" - no free lunches around these bazaars. Very much damned if they do and damned if they don't - though Thresa May is used to that.
Accorind to the FT there is a CLLN crisis meeting with government at 10am. The buzz from FT is that HMG will say no and administration on Monday. Banks need HMG as guarantor or the man from banking Del Monte says no. The risk to HMG is huge - a country with unfinished public sector infrastructure projects in every town ? Don't think that their "contingency plans" will get far, their track record is not good. Wasn't their boast economic competence ??
Not like TATA at all - this firm are directly providing services in the UK government. They cannot be allowed to fail - that is not a political point, it is because Clln provide services and capital at the heart of government: local and national. The scream for me is that they were allowed to get to this stage - the Oxford Council contract changes was the first time people should have realised how serious this thing was - that is, when politicians should have realised the importance of Clln going under.. No, it is not TATA, this is much bigger.
Yes @ Illbet, you are pretty spot on with that - no doubt. Equity for dosh in one form or another is most likely from the RNS wording. This is a place to speculate however, and I smell more political importance here than of late - can't think of one with such potential strategic importance recently, perhaps since the East Coast Mainline those few years ago. Hence my view at the moment that this is more economics than business and is very far from run of the mill. Massive discussions over the weekend.
It has ben good comment here Xan from everyone. But perhaps lilke you, I am looking at the politico-economic aspect of this thing. Talk of rights issues/placements of whatever form are so true - that is the most likely. Can't help thinkng that this fish is a bit bigger than those in recent years and that government will have to get involved somewhere.
You mean Lonmin the primary extraction bunch?
I have wondered on the ifs and whens about a bid ever since the announcement of the share buy back scheme. Suspect if the noise increases then there will be a few trying their luck new and others averaging down for that 175p kind of buyout figure.
Hey Petr Pinky/B777, or whoever you call yourself, You posted on the KDNC board twice today under different names. Naughty, naughty, you know that you can only have one accounton here. In those exact same posts with different names, you bummed up BCN and had a go at KDNC. Big brave person - try not to forget if you are writing the same stuff not to use diffeent names next time - oh yes, the fake foreign spelling has been seen through too. Who quite are you and are you big enough to go back on the KDNC site and continue or are you just a little coward who has run back to BCN because you feel big spouting your rubbuish here?
9.4p The ups and downs this year have been something - that 17p in 2016 down to ouch levels this year mean caution from me. I said at the time that getting out of placing price would prove difficult and so it seems to be the case. A re-rate of up to 25% gets us towards the 10p mark. Gen 3 will have an impact if the new(ish) sales team have been working successfully. I see no reason why thay haven't and that there is interest from all quarters. Has anyone thought that there might not be a share price next year? High quality product & a growingly competitive market - whose to say that a few bits of bad news wouldn't make RedT ripe to be picked and added to someone elses company portfolio?
Maybe - but I thought that recall was some time ago now, unless you know about another one. Quite a few sizeable after hours what looks like buys - that might tell something.
Can't see why. It seems as though it stood still this year: same profit/loss and same cash.
I said on the day of the last placing over a year ago that 8p would be very difficult to get away from now. It is proving the case - even with the positive news this year we seem to always gravitating towards 8p, albeit after a flurry. Very much need something to get to escape velocity, but it seems some way off.
Of course it was, they have it at 119p according to HL, which is getting there for my average. That was quite one though - can't even same it was Canadian $ / UK £ exchange rate error.