Member Info for liquid1

"Finablr PLC (the "Company") has received notice from the Registrar of Companies on 11 January 2022 that, unless cause is shown to the contrary within 2 months of the date of the notice, the Company will be struck off the register and dissolved. The Company is currently in the process of resolving the queries raised by Companies House in relation to the striking off notice and will release further updates in due course."

8.35am: Amigo rises after following friendly note from regulator

Amigo Holdings PLC (LSE:AMGO) shares leapt from their recent lows, more than doubling to 5.6p, after the UK financial watchdog said it does not currently plan to oppose the guarantor lender's schemes of arrangement and set out the conditions by which it could restart lending again.

The Financial Conduct Authority (FCA) sent a letter after market close on Friday to Amigo, providing an update on its position, after carrying out an assessment of the schemes and their compatibility with its rules.

Having perused the documentation and supporting evidence ahead of a court decision, the FCA said its current position is that "it does not presently intend to appear by counsel at the convening hearing and does not anticipate, at this stage, that it will oppose the schemes or have further direct engagement with the court at the convening hearing".

In relation to Amigo's proposed return to lending, the FCA said this would need to be subject to varoius conditions being met, and as for potential fines, the watchdog confirmed that it may still consider a financial penalty is appropriate, but will take into account the priority of scheme creditors "to ensure any fine does not impact the amounts payable to creditors under the schemes".

https://www.proactiveinvestors.co.uk/companies/amp/news/975933

UK regulator hints at potential return to lending for Amigo Loans
Financial Conduct Authority will not block new scheme at hearing this week but does not rule out intervention

https://amp.ft.com/content/7537a0a7-31a1-4ea4-9fd5-ba8e082eef88

Amigo Loans set to return to lending by year end
0
Written by: Paloma Kubiak
07/03/2022
Amigo Loans is set to return to lending by December as the City regulator confirms it won’t oppose its redress scheme, which requires it to stay in business so customers get more of their money back.

https://www.yourmoney.com/credit-cards-loans/amigo-loans-set-to-return-to-lending-by-year-end/

Since Amigo Loans’ last proposed scheme was rejected by the High Court, the firm has been working with the Financial Conduct Authority (FCA) to get a fairer deal for Amigo’s customers.
In an announcement this morning, the watchdog said that the firm’s proposal represents an improvement on last year’s failed one and has the support of the Independent Creditors Committee that was set up to advance the best interests of those customers owed redress.
Not only does this confirm that the watchdog is happy with the new proposals, but it also gives the loan provider confidence that it may be able to start lending again.

Watchdog gives Amigo Loans green light to resume lending following customer compensation backlash

https://www.cityam.com/watchdog-gives-amigo-loans-green-light-following-controversial-customer-compensation-scheme/?amp=1

Amigo could restart lending within year as court prepares to rule on proposals

The Financial Conduct Authority said that it would not oppose the proposals.

August Graham
2 hours ago

https://www.independent.co.uk/business/amigo-could-restart-lending-within-year-as-court-prepares-to-rule-on-proposals-b2029935.html?amp

Double digits tomorrow and beyond??

Hope so!

Bought these at 26p before the drop.

I want my money back!

https://uk.finance.yahoo.com/quote/AUCOY?p=AUCOY

AUCOY - Polymetal International plc
Other OTC - Other OTC Delayed price. Currency in USD
5.69
+2.94 (+106.91%)
At close: 03:58PM EST

London: POLY down 4.6%

Blatant criminal manipulation by MM’s on the exchange .

IG brokers criminal as well as all the effing MM’s!

Thank god for the Germans & USA for keeping sp up without manifest.

Market Manipulation at London Stock Exchange.

Should be reported to FCA.

B A R S T A R D S

EVZ.DE - EVRAZ PLC DL 0,05
XETRA - XETRA Delayed price. Currency in EUR
0.9500
+0.2700 (+39.71%)
At close: 05:28PM CET

https://uk.finance.yahoo.com/quote/EVZ.DE?p=EVZ.DE

EVRZF - EVRAZ plc
Other OTC - Other OTC Delayed price. Currency in USD
1.1000
+0.3500 (+46.67%)As of 02:13PM EST. Market open

https://uk.finance.yahoo.com/quote/EVRZF?p=EVRZF

Mm’s are effing screwing the British investor and behaving like the *anker Putin!

Hope they rot in hell!

Anyone know why IG aren’t allowing buying?

Just received from EVRAZ Investor Relations (IR@evraz.com) Dear Mr Cook,

FTSE has adjusted the value of the RASP dividend from ~£1.89 to £0 for the purposes of calculating index tracker returns. It does not have any effect on the transaction process itself.

Regarding the 50c dividend - we confirm that EVRAZ has sufficient liquidity and technical ability to pay dividends at the moment, however we cannot guarantee that this will be the case going forward.

If the situation will change, we will make an announcement.

Regards,

IR team

Production news possibly today or next week????

White House Quietly Calls On U.S. Oil Companies To Increase Production

By Julianne Geiger - Mar 01, 2022, 12:00 PM CST

Short of an official request, the White House is now encouraging U.S. drillers to produce more crude.
The White House has received a lot of pushback in recent days for not tapping what many see as at least a partial solution to the headache that is high oil prices—U.S. shale.
Join Our Community

In a move that likely angered his environment-conscious base, the White House has issued a muted request for U.S. oil companies to increase crude oil production in the wake of high crude oil and gasoline prices.

Though words are different than deeds—and President Joe Biden’s deeds have been decisively anti-fossil fuel expansion—a White House official told U.S. oil companies on Tuesday that they could increase production if they want.

“Prices are quite high, the price signal is strong. If folks want to produce more, they can and they should,” White House National Economic Council Deputy Director Bharat Ramamurti said in an interview today.

While the words fell short of an official request to U.S. oil companies to increase production, it is decidedly different from ignoring U.S. oil companies’ production plans altogether while asking OPEC+ to do the heavy lifting when it comes to oil production—to no avail, no less.

Ramamurti also dispelled the notion that the U.S. Administration was somehow curtailing crude oil production.

But U.S. oil companies have long held that while the Administration hasn’t directly restricted U.S. output, the energy policies flowing out of the White House have put a damper not only on the attitude involving crude oil production but has made it far more difficult for oil companies to ramp up.

The White House has received a lot of pushback in recent days for not tapping what many see as at least a partial solution to the headache that is high oil prices—U.S. shale.

Oil companies such as Devon Energy have said they have been perplexed that the White House has not called on them directly to ramp up oil production. And Ramamurti’s comments today still do not rise to the level of asking U.S. producers for more oil.

By Julianne Geiger for Oilprice.com

https://oilprice.com/Energy/Crude-Oil/White-House-Quietly-Calls-On-US-Oil-Companies-To-Increase-Production.html

Down due to RNS at Pantheon Resources PLC Operations Update

The Merlin-1 well was spudded in March 2021, with drilling operations completed in April 2021. Interpretation of results was completed in August 2021 with post-well evaluation successfully demonstrating the presence of oil in N20, N19 and N18 targets, with 41 feet of net log pay across the three reservoir intervals noted and geochemical analysis determining the oil to have an estimated API gravity between mid-30 to low-40 API (light oil).

Pre-spud operations are continuing and now entering the final phase. The Merlin-2 spud date is scheduled for the week commencing 7 March 2022, with the well permitted to a Total Depth ( TD ) of 8,000 feet.

A second well, the Merlin-2 appraisal well, is to be drilled in Q1 2022 as a follow-up well to the Merlin-1 exploration well. Merlin-2 is targeting a net entitlement mean Prospective Resource of 652 million barrels (unrisked)1,2.