The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Another opportunity wasted
The RNS should have included details on accuracy; details on engagement with suppliers; capacity and potential contracts negotiations but chose not to.
Shameful from someone from a marketing background
On the contrary, some might posit that it would be foolish to cash in shortly before the likelihood that long awaited deals with HMG are about to be concluded
But hey each to their own.
Personally I have been adding since 16p and will be doing so on Monday too.
In the Primerdesign video of June 5 it was stated that "We are now able to produce upto 10 million tests a month" but I am not aware that the company have ever officially confirmed having met that target far less having been selling in that magnitude.
In fact their marketing always seemed to indicate that there was stock immediately available for dispatch.
So I have always been sceptical over individual assertions that we have been selling 10 or 20 million tests per month.
I guess it's now a case of waiting on news with regard to UK government tenders and hoping that we can start to make inroads in the French Market.
Interesting to note that there have been far more buys than sells on the French index
My calculator seems to show - opening at - 8.5% in Paris
A massive difference from your +40% estimate.
I think as the rainbow chasers run for the door the price is likely to drop further sadly.
All in all the figures were good and the outlook is good but that RNS was not what some were hoping for
Yeah I think, at least in some part, the price was dropped to trigger stop losses and scare the herd to enable the MMs to balance their ledgers.
Still I think at least some of theremaining shares will be secured by those in for the longer term.
Shame the board still seems to be polluted by non-holding naysayers constant posting. Beyond me why you'd waste so much of your time posting about a company you were never have and have no intention of investing in
Just love the LSE messageboards
Naysayers galore, who then miraculously seem to sell at the top and re-buy on the dips
Fantatists with serious psychological issues, one and all, with, I'd wager, not a single share between them ????????
It's a long term bet.
And the company are having to fight the naysayers of every hue each day to progress their goal.
The naysayers will say and do almost everything to hopefully bankrupt the Company and make it abandon the venture.
Each naysayer for their own individual reason.
The doubt and mis-information they intentionally sow is holding both sentiment and the share price back.
This will continue for years.
I remain hopeful that this is a long term viable, profitable and nationally significant business.
If that's not reflected in the Share Price just now, then thems the breaks. I hope in years to come it will be many many multiples of the price it is now.
Ultimately, if it can be extracted, the naysayers cannot hold back the oil and therefore the share price.
Good Luck
I have a long position on this company's adventure. Happy to publicly admit it.
If I choose to extend or re-trench from that position a ticket is printed by The London Stock Exchange to record and evidence the trade as a matter of public record.
I sleep well in the hope that in a few years the company may, if the political climate is right, been able to prove up not just the concept of The Wider Weald Basin but also that The Isle of Wight holds oil and gas in magnitudes that will be a godsend to the nation.
Whilst I happy concede that one, if one wished and was willing to place a substantial wager, could place a spread bet on UKOG
Not one single poster in the over 3 years has been able to provide one scintilla of evidence on where they have been able to open and close a short.
Odd that
But then again one of those exact same Billionaire shorters was able to sell in the exact 90 seconds or so the share price reach 11p
I guess that's why they are billionaires and I just remain hopeful
We wouldn't recieve the original planning permissions;
The Weald Basin contained less than Egg Cup full of oil(Can't remember if that was the Snitch or the Failed Pizza delivery man);
The tankers were full of water;
My personal favourite (posted by someone alleging to work there), there's no way would accept our oil;
We wouldn't receive funding;
When we did receive funding, it was a death spiral,from which there was no way out;
The company would go bankrupt;
The fumes from the operation were making the horses (a number of miles away) dizzy;
SS was receiving a monthly salary of over 60k;
Made a fortune on my shorts, despite in over 3 years no one single shorter being willing to substantiate where the short was opened
It still seems that, as we hopefully move towards completing sustainable long term highly productive horizontal wells, we have more "concerned share holders" posting than actual shareholders.
Good luck shareholders, I think things are about to become very interesting
I wasn't going to rise to the bait but a) I'm not a shorter b) hardly a novice c) would seriously question your understanding of a DRO But hey it's a free country last time I looked and good luck with the cash payment
' I think anyone is crazy selling at these prices."...? I would tend to suggest that the opposite is true. The New CEO has indicated that he is looking for a cash raise of around 700m and that this has already in some way been underwritten. Negating monies recieved from disposals, which are more likely to be of the more highly profitable but non core businesses and therefore in the medium term may prove more detrimental The current share value give or take change is 1 billion, with 667 million share in issue. To raise 700m, after applying an institutional discount of 20 - 30%, would tend to indicate that the SP has someway to fall yet, unless the forthcoming Annual R&A shows spectacular news
Sorry mate, I don't see it. I think LW was spot on in his assessment. They were buying companies Willy Nilly ( some with very novel technologies) but were unable to successfully integrate them.all the while the Company was hemoraging skilled staff in part due to continuing caps on salary increases. None of the above relates directly to Brexit, which was being used a cover. These purchases led to ever increasing debt and there was therefore a pressing need to curtail this debt. In an attempt to secure additional revenue streams, margins were being increasingly squeezed to almost nothing, in the hope of recouping additional margins on Opportunistic Revenue streams. Projected profits were continually being revised down, in part, I would suggest due to the use of WIP - which invariably would not be secured in full. Moreover, I don't believe that it's within a CEOs remit to gamble the Company and Shareholders future on political grandstanding. If indeed that's what you believe he's doing. Anyway gotta go Good Luckb
I'd suggest that it doesn't overly matter if the Rights Issue is underwritten at this juncture. The doubt exists over the number if shares that will have to be released and at what discount. Moreover, those share will in all likelihood, given the other part of the RNS, not accrue a dividend return for some time. Sad sad day
Exactly, without the additional detail over the proposed Rights Issue the directors have thrown the shareholders and employees to the wolves. Not even with the benefit of hindsight but this strategy was always likely to introduce doubt and vacuum which the sharks will make busy with, especially in the current climate that surrounds BPOs. In all honesty, I couldn't think of a more inept manner of handling this. If he wasn't just in situ, then I'd suggest it would be a resigning issue.