Wish I had one of these when I was 12,
All I had was a plank and pram wheels, with powered feet steering, power was a mate at the back with a washing pole :O)
Just watching the last edition of 'This Week' in between posting here, another great programme bites the dust, will miss A.Neil.
Re: the market knew everything they did, so it was a rare chance to sell without breaking any market rules, yes there is a name for that, rule no ??, seen it before can't remember what it's called it now, but that does not answer why they sold?
Cannot disagree with your excellent analysis at 02;00 am yesterday.
But...just one thing that sits in the back of my mind and possibly others too, is why did Kerogen choose to sell now?
Why not after the next 2 drills if succesful would have been worth more?, most probable answer is Risk assessment or that the proceeds of the sale are to be used elsewhere in another project, I reckon/hope it's the latter. :O)
Worth a read todays DT, HUR & Kerogen get a mention.
Bottom line is , as the N Sea fields reach maturity the Big Boys sell out and Private Equity snaps them up at bargain prices.
Re: 'The CFO's job is to maintain capital growth. Not to maintain growth of the asset values, that's up to the Operations people, and Dr T in particular. So (to my mind), Stobie was referring instead to an 'interruption' in Mcap 'growth', instead. A temporary hiatus, as regards the SP as seen by the market.'
I must admit, I too thought of interruption as meaning a T/O, but when you watch A.S. in the CMD presentation @ approx 01:42 onwards.
ie, The Panmure Gordon question re Farmout,monetisation, changing ownership position etc,.
A.S re GLA, ie, it maybe that Farm out, financial partners, etc provide a source of growth but at this moment in time it is too early to determine. Thankfully HUR are also anticipating having enough cash from Lancaster to further De-Risk and develop the GLA.
But........it is also possible that the growth story is 'Interrupted along the way' ie, the Caveat being we will have to wait for at least 6 months for succesfull EPS /data etc, before larger instititutions and larger 'Corporations' may step forward.
Note the word Corporations :O)
Re: The sale of 110M shares by Kerogen has been completed off market, so it is not included in any of the trades today, or any other day for that matter.
With respect, I have just counted 28.50m trades early today at 46.50p, so imo they are included.
I watched 8 days to the Moon documentary on BBC the other night, and cannot help but think just how risky it was. The computing power of Apollo’s guidance system was so primitive compred to just a few years later.
'The Apollo Guidance Computer had only one error message, and when it flashed, it meant the real end was near. On the Apollo 11 mission a 1201 error, and then a 1202 flashed causing enormous concern on the lander and back on Earth, after the spaceship crew had mistakenly left one radar system on, while the landing crew used a second system to determine the distance to the ground. The computer was taking in too much data to function, and left the crew in the lurch.'
1. Looking at todays RNS, AFFM S.A. are the management company of the HUR share owners (Alken Fund SICAV and Alken Capital Fun, FCP-FIS)
2. RNS, AFFM S.A.are now indirect owners as stated on the RNS. AFFM S.A., are also the dedicated Management Company of the Alken Fund,
So that coupled with the Bloomberg link mentioned earlier on here might suggest, that AFFM S.A are to sell on behalf of Alken?
That's my take on why we had the RNS today, happy to be proved wrong.
'Alken Fund SICAV and Alken Capital Fund, FCP-FIS.
Comment: Alken Fund SICAV and Alken Capital Fun, FCP-FIS are the legal owners of the shares.
AFFM S.A. is the management company of the Alken Fund SICAV and the Alken Capital Fund, FCP-FIS and the beneficial owner of the shares.'
Wulbert, Re, 'keep getting our potential profits extracted by the market? '
The market is wholly irationale, it is full of sharks versus long term believers , ie, us the Sardines.
Whilst we are on a journey proving up the FB concept the Sharks will have the edge as AIM is predominantly 'Sell on News', and has happened so many times with HUR, its predictable.
Have you watched the BBC documentaries of the Sardine feeding frenzy?, the same analogy is applicable here, imo.
Your choice is swim to live another day, or sell and buy back lower.
Can only hope that HUR are moved on to the main market ASAP to reduce the frenzy, imo.