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Saldog, yep, TS, I suppose at least He1 has been transformative! Luck more than judgment just that HE1 was on my watchlist for years, and got in at 0.23p on the 25/1 profit and free ride.
While typing, I’m thinking that “Morbottle”, is aimed at me adding here!
Maybe hybrid, but the clock is ticking. RNS tomorrow? I added 10,000 shares today, as I was lucky on HE1, bought yesterday on the drop and sold this afternoon and put the proceeds in here (more fool me probably!)
Just when through all the RNS’s and only once was Q1 actually stated. I’m happy ish to wait but just wanted to point out the inconsistencies from the communications. Why wasn’t Q1 quoted every time! Again I’m sure it’s being actioned, well I hope so.
Settlement RNS. 3 Feb 2023 07:15. RNS Number : 8577O “The Group will therefore review options for its future capital structure prior to the receipt of the second tranche of proceeds around February 2024 in order to facilitate a possible return of funds to shareholders.
Interim’s 28th March 23 “As previously announced, in deciding what to do with the second tranche of proceeds in February 2024, the Board will balance any investment needs of Nanoco's growing organic business with a firm intention to deliver a material return of capital to shareholders.”
24th July RNS Return of Capital “The Capital Reduction will facilitate the previously announced return of capital to Shareholders of between £33 million and £40 million (or approximately 10 pence to 12 pence per share) using the second tranche of the proceeds of the Samsung litigation ($75 million) which is expected to be received during February 2024. No decision has yet been taken as to the method of any such return of capital.”
8th Aug 23 Trading Update RNS “Completed capital reduction to facilitate return of up to £40m to shareholders in early 2024”
2nd Nov 23 Preliminary Results RNS “Firm commitment to return significant capital to shareholders in Q1 CY24”
7th Dec 23 Trading Update RNS “Overall trading remains in line with the Board's expectations for FY24. The return of capital process remains on track for early 2024.”
24th Jan 24 RNS Receipt of Final Proceeds “The Group expects to update shareholders shortly on the final proposals which will be in line with the previously announced commitment to return between £33.0m and £40.0m to shareholders.”
8th Feb 24 Trading Update “Set to return capital to shareholders, in line with previous commitments, in the range of £33.0-40.0m. The Group will announce its proposals for the amount and structure shortly.”
Hi Feeks, yep bit of a sh*tshow, I'll wait and see what placing price is (if there is one). I may avg down then, but let's see.
I’m down only 84%, but I’m only in for a small amount, How are you Feeks?
Fire sale
https://www.londonstockexchange.com/news-article/SED/commercial-update/16329353
If the Fools have doubts it’s time to buy more!
https://uk.finance.yahoo.com/news/gulf-keystone-petroleum-gkp-share-115856283.html
This is a bit of good news!
https://www.iraqinews.com/iraq/dnos-oil-production-in-iraqi-kurdistan-increased/
Dec closed, before it part listed in the US, stamp duty was applied, now stamp duty free. HL actually charged me about 6 trades where stamp duty should’ve been applied, they refunded it for those trades!
3 weeks today Man group results.
Daz, I’m not one to have ago, but you say “If it’s not in a RNS don't believe it”, If it’s in an RNS LTH’s don’t believe it. We have been, lied to (maybe a be strong, there again maybe not) before. For e.g. on the so called “settlement” Nano sold, as RNS’d, non-core IP as apart of the settlement. It then transpired that in actual fact the settlement included one core IP, however this was glossed over as not an important IP. Just these little things makes us LTH’s a bit sceptical of the board.
Yes I could sell now and just break even, but I do agree that Nano is its best position it’s ever been in, and the future looks promising. So at the end of the day, I’m giving the board time, for now!
I believe he’s in sunnier climes at the moment. He said in a post he was going away from this weather. I thought JD was going to 100 or below. I did hear on Bloomberg TV this morning that Adidas had a better quarter!