Member Info for jlovie

I nipped into a spoons on Saturday afternoon to kill time while waiting for my bus.

£1.79 for a pint of Belhaven 80/-

It's certainly cheapest by a huge margin, but I question whether they're making anything on that.

Yes, they'll generally make it back on people buying more profitable drinks, but if people economise more, those loss leaders might become a burden.

Even at £2.79 it'd still have been cheap, and I'd still have bought it.

I've just noticed the RNS late yesterday.

CFO transferring shares, that would explain the large trades, and that the 1560.5p trades were buys.

That might explain the large trades yesterday.

Could all those 0 trades be something to do with it too?

EPP been refused a Gas Storage Licence.

https://www.lse.co.uk/rns/EPP/mesh-update-jx2nkicgwtcthfi.html

"The NSTA has informed the Company that it considers it not appropriate to award a Gas Storage Licence based on EnergyPathways' application submitted on 16 August 2024 due to, amongst other things, changed circumstances. This affects only the natural gas storage and hydrogen storage elements of the MESH project."

Wonder where that leaves UKOG's plans.

Baked Alaska might fit in with Greggs menu.

NMC Health is an example of a FTSE100 company which was based on fraud.

If there's going to be another consolidation, they may pull the trick of not paying out fractional entitlements.

That could wipe out lots of LTHs.

e.g. 1 for 10000 would mean anyone with less than 10000 shares would get nothing.

How about mobile Greggs vans at events?

Has anyone used the airport ones - if so, how much more expensive are they?

Airports are one place I'd really like a Greggs option but I haven't seen one in any airports I've used yet.

I noticed Greggs has set up in a petrol station near me.

It's a good spot, it's the last place to grab a snack before hitting the bypass.

How about a tie-up with Wetherspoon?

Interesting Glencore has decided to keep primary listing in London.

1700s looks a bit optimistic. I'm only looking for c1500 to get out again.

The RNS states 'The Tender Offer will open on 5 August 2025' but later adds 'The Tender Offer is subject, among other things, to the approval of the Resolution by the Shareholders at the General Meeting .... on 29 August 2025'.

Can it open before it has been approved?

"Looking to the future, once the present is resolved, it is the objective of the board to reposition the company for growth, based on sound and fully compliant corporate governance and management, with a number of opportunities currently under review."

Does this mean that they've given up on the Globalvision JV? as "..the leases it was proposing to transfer either were not in place, expired, had been terminated or allowed to lapse. As the leases are not in good standing, the company has had to fully impair these assets which will be shown in the accounts once finalised. With further fundraising it is possible that some of these leases could be brought back into good standing."

You can tender them all, but they only guarantee to buy 4.95%.

"Qualifying Shareholders are invited to tender some, or all, or their Shares" (sic).

I wonder if it's a first come first served basis, or if they scale back right at the start.

I can't remember what I did with my Sportech shares, I may have sold them in the market when the price caught up. My records show I only held them a couple of weeks. I remember at the time thinking it was too easy and I must have missed something.

A look at PPP today perhaps gives an indication where UKOG is heading.

I'd have though the SP would have been closer to 150p on this news.

It looks like I could buy shares in the market at 145p and tender them at 150p.

Last time this happened on a share I held was Sportech in 2021. Back then I managed to buy in the market at under 35p when the tender offer was 40p.

I wonder if there's more chance of a bid now the company is back on track.

Liontrust also increased '% of voting rights through financial instruments' by over 4%.

Does that mean they lent most of that 5% out?

I'll probably hold on a little while to see if there's any chance of an other bid, but it does look like it's a done deal, so likely I'll sell in the market rather than wait months for a few more pence when the deal completes.