PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Ha ha yes it does. No prizes for guessing who I bank with.
Sure looks like it. Is the RBS target upgrade to 450p a printing error? My eyes nearly popped out of my head. https://uk.webfg.com/news/broker-recommendations/thursday-broker-round-up--3028709.html
Short term or long term then. I reckon the former - reacting to the dilution of financial gain. The question whether to wait until something might happen or bail with losses. Looking at performance since 2105 when it started is hardly encouraging - constant fall from 2.78p Feb 2015 to 0.425p now. Some nice fundraising and loans given during leaving what now? Not a lot. Don't know if it can spike now like it did. Even if the shiny toy did have high sales, people will be bailing and taking what they can from any averaging down that goes on from here. Can't see it geting up unless something happens which is highly unlikely given past record. Must write 50 times: Do not put money into investment companies on AIM.
On the face of it some consolidation seemed likely - interesting about the diversification. I see there will be another fund raise.. "Atlantis expected to carry out a further equity fund raising".... What price can we expect then do you reckon?
True - but ordinarily you you expect the loan amount back and not 'release' that very amount to the borrowing firm in the form of nominally price shares. Still can't get to any reason as to what just happened.
It doesn't get any better the more I think about this. 5th June: Yolo subscribed to £500,000 new loan notes and converted £1.415m exisitng notes into shares. General fanfare of trumpets as Yolo then own 41.43% Magic Media and MM and they are going to make s shiny new toy. 27th June: Half- year report talks of independent share value estimate of 1.5p. It is now 0.44p. 20th September: Yolo sells 1,743,023 shares in GFinity leaving 400,000 on the books. That is a sale of 81% of Yolo shares in Gfinity leaving a measly £68,000 on the books. 7th December: Yolo announce it is to ’release’ 1,026,979 shares at a ‘nominal’ value to help MM with their fundraising. Magic Media holding to fall to 18.6%. The shares are being acquired at 50.8p by new investors. 50.8 x 1026979 is around £500,000, is it not, that coincidentally is the amount of the June loan notes. What actually are Yolo gaining from all of this?
Don't mind at all Kilman. I do yes - there would be no interest for me to post on the BB of a firm in which I don't invest. I hear that people do, but I am not one of them. I make decisions to buy and sell like anyone else who has working experience in the community who takes up personal positions.
Oops.
Sure will - like all investment companies on AIM. The pi is a sacrificial lamb that gets fried. Anyone for fried lamb?
Indeed. Anyone noticed that the RNS is rather more about MM than Yolo? This is in keeping with other statements in the past by Yolo that seem mostly cut and paste jobs of the firms invested in and less about the strategy of Yolo to create shareholder value.
It looks as though that it is yes - getting a return when you can. Investment companies do that sort of thing of course. The thing is why now and why wasn't the alternative of hanging on to the larger MM holding better option? Looks like a positive reaction from the peops that have bought in the last hour or so. Let's see after 9 when more peops get to their desks.
Yes, they tend to be pretty close by at that stage. Need to find a little more out about the new bloke on the scene. We will see in a minute or two what others think. But that is investment companies for you.
I agree with you Tidd. 41% of a £100m IPO was promising to say the least. My response was why on earth would you want to do what you have just done then? Is there something in the ether that is a better opportunity?
ROIC, I reckon that might be so yes. Never a nice thing to see shorters close out quickly in a panic. (I lied).
Not quite such an Old Mutual friend of the firm.
spike and sell share.
Yes - it has not got out of it since the Rights Issue to fund the Peacock purchase. All those who expected that, stand at the back and say "I promise not to fib..." It was out of the blue and the sp has been significantly below TERPS since. Loads lost and lots bailed - shorters paradise. That plus loss of US contracts and the realisation that competitors might kick back has got GNC to where it is, sp wise. Something positive needed on the fundamentals to bolster spirits and force a few shorts to close up would be nice.
Any noise why there was no movement for ages and then: over 4% fall?? Is the reality of the CfD loss and the crowd fund biting? Those rates are awfully high - getting to levels only known in those 'good' times before those 'bad' times 10 or so years ago - market rates are such a giveaway. What now - is there any chance of joy for a PI or is the game up? No doubt the firm is a goer - highly impressive. But with bills to pay is it a sell now for you average punter? The sp seems to say so. All reasoning appreciated - logical, grumpy, funny or otherwise. Long term investment/opportunity for the sector preferred above short term sp talk.
This story is the most encouraging I have read I think since getting into this share. Centrica say "There are some battery suppliers that we've looked at that do have that capability." [to provide storage machines for ~100 homes in Cornwall]. One of those is RedT of course with its little system in the camping farm. What a shop window it would be too to showcase the units to parts of the world with more need to get hooked up and and more sun even than Cornwall.
That was a hefty one after hours - over � 1/3 million. HL has it after 1800, but 1643 here. I hope that the blue colour and that trade price > current price are right.