Member Info for Misterh

It begs the question: Would the likes of operators such as Serica rather see their hard earned cash permanently disappear in the Chancellor's coffers or asset build by investing at a highly favourable rate in new projects? By the time they come to fruition, the landscape will have changed anyhow [for better or worse]. I wonder who might have suitable assets? Hmmm.

I thought the following paragraph was food for thought:
'The IFS has suggested that the tax relief for North Sea investments may be too generous and encourage economically unviable projects, Stuart Adam, senior economist said. The new super deduction means that investing £100 in the North Sea will cost companies only £8.75, with the remaining cost paid by government. A massively loss making investment could still be profitable after tax'
Just how significant this is to us remains to be seen.

Is any able to explain the most likely reason why no further shares have been purchased for cancellation at what appears to be a very depressed price?

And a very positive online article in the IC to boot.
'Even if the share price doubles from here, PTRO would still be undervalued as its enterprise valuation is only 1.1x forecast revenue for 2022 and a miserly 3.7x historic cash profit, respective discounts of 66 per cent and 74 per cent to Finncapp's Tech 40 spec software index'
All very reassuring to long suffering investors in this company.

Still unable to sell on AJB although displayed on account. Quite a big broker so expect more selling pressure when released.
I'm actually tempted to top up at this level as market cap approaches pro forma cash at bank.
This is a horse out of the Cathal Friel stable which isn't exactly in form at the moment but I think the gamble could pay off.

Never thought I'd say it but these intraday auctions are starting to get mildly entertaining. UT at 15.5p.

Another really positive write up in the IC 'Backing an energy transition winner' just put out.

Need to buy 1 for every 7.8 held to avoid dilution. I suppose there's always the possibility of picking some up sub 18p in the market as is usually the case as the share price drifts south before any further news is released.

A massive disappointment after what appeared to be a positive RNS. Someone is obviously eager to divest of their holding at any price with some pretty hefty conviction sells. Looking to uncross in the low 13's.

I don't doubt the potential, but I can just see the SP drifting south until the results of the human challenge study are released towards the end of the year. In the current environment, even a discount to cash at bank is possible.
Maybe they should consider a capital reduction by means of a share buy back.

Showing in my AJB account, but not yet able to sell.
Suspect SP will come under considerable pressure as more and more people bail out. Tempted to do the same as worth very little now and opportunities abound elsewhere.

Looking into the crystal ball:
Feb 23: Placing and open offer at 5p. We have truly reached an inflexion point and are on the cusp of being EBITDA positive. We just need a bit more working capital to develop more technology that has little or no commercial value.

If the past is anything to go on, the next placing will be at 5p if anyone is mug enough to take it up.
Feb 2019 25p
Feb 2021 15p
I think we all get the idea.

I see that they intend to provide an update regarding the Block holding ahead of the year end results announcement.
I did wonder if an in specie distribution is one of the options being considered. At least it would give shareholders control of when to sell their Block shares [not to mention the almighty boost it would give to the SP]

The mother of all stock overhangs is the gift that keeps on giving.
Take advantage while you can.

The IC has initiated coverage with an Alpha small company research note.
The target price is 3.15p

Good to see intention to publish regular updates on unaudited NAV.
Must have read your post SGD27!

A reassuring update and interesting to see progress in the unlisted portfolio [now worth more than the listed portfolio]
Surely it's time for the discount [c.40%] to start narrowing a bit.
Results [due next Thursday] should make for interesting read.

Pound in freefall against the Dollar. Brent trading at $105 per barrel. Massive capital reduction programme. Institutions forced to sell to maintain green credentials. Rock solid balance sheet. Anyone feeling nervous need look no further than CNE. Busy buying back shares tendered. Don't expect a quick profit but I feel the patient will be richly rewarded.

I'm probably not alone here in having miscalculated the size of the stock overhang. I only tendered 40% of my shares but have started to buy them back at what I consider to be 'bargain' prices. I'm confident that the ongoing capital reduction programme will be sufficient to mop up the shares of institutions heading for the exit door to boost their green credentials. It's going to take some patience, but value will win out in the end.