Member Info for MPO818

I certainly will not be kicking myself tomorrow or any other day if this deal/FO does not happen - Mrs MPO will take care of the violence, she has promised it since I failed to sell at 350p+. Dick, only your £5+ can save me.

On here today, but in reality it is what the "MARKET" thinks that really matters and from where I'm sitting it has not taken the news well.
Why is that? The big missing piece of the jigsaw is the financial results to October 2022. The cash burn with over 100 employees and an overly expensive BOD and no sales of any note will have made a decent hole in the cash position. Todays announcement of a further 10 products for ABB will require significant investment, (remember the analysts are forecasting revenue for 2023 of only £12m). I see further dilution (in a big way) within the next 3 to 6 months, the last raise was at 65p, with the sp now at 20p the raise will be from a position of weakness and take total shares in issue past the 1bn level.

Just to clarify the £4m sale to ABB is not a £4m sale but a £2m sale and a £2m dilution of us lot.

Can we see the accounts please for the year to 31/10.22.

Blockme wrote
"It is a progressing company releasing news and innovating new products."

The first tranche of buy backs is almost complete. There was £250m allocated for this and up to this evening the company has spent £242,664,638.75 buying 243,331,968 shares back at an average cost of 99.73p per share.
These shares are being held in treasury. When announcing a few weeks back the year end results the company committed to further buy backs to the tune of a further £300m.
There has been no disclosure as to what these shares in treasury will be used for.
Could they have a significant acquisition lined up?. Will they be cancelled?. The coming government announcement regarding WFT (due Thursday) may play a significant role in CNA's plans going forward.

The Financial Times reported that ahead of this, ministers have been holding talks with energy firms about adjusting the windfall tax if oil and gas prices dropped below a certain level.

Any ideas what "a certain level" might be.

https://on.ft.com/40qp4Tw

Of todays posts are "green" on my screen, so they are either from JS or Briggs. Please stop responding to them, their narrative will not change and we all know their theme.
If JS has anywhere near the number of shares he has told us "I'm a chinaman.

Thanks for the heads up Haggis
"Interesting to see CWR now have 570 employees, and a £51m loss. Results out today over there."

Again I ask "what about the AFC results" these for CWR are to 31 December 2022, AFC y/e is 31 October 2022 why an additional 2 months delay - what's cooking!!!

Forecast for 2023 was £12-£13m but zero revenue so far this year - apart from renting out 2 kettle boilers

We have not had the pleasure of seeing the outcome for y/e 31 October 2022 yet. So on the basis that we are about 6 days away from being 5/12ths through the 2023 financial year we are either going to have an exciting 7/12ths of a year to come, or continue to be disappointed with this company's progress.

"They sure have kept development well under wraps"

And all shareholders in the dark, I expected financial results, they must be woeful to be still under "wraps"

What a load of rubbish Andymilman " the banking sector generally seems to be recovering better than us". Before the SVB debacle Barclays (185p) Lloyds (52p) and Nat West (290p). From your posting history you have been moaning about LGEN for ages - if you can get 7%/8% with your money safe and under your pillow or whatever do it, your a bore and now filtered.

If the FTSE100 stagnates at this level you may be right, if it moves in a range (as it almost certainly will) LGEN will rise and fall as it has for years. Conclusion -you are almost certainly wrong, more so as it approaches paying a very healthy dividend - Don't think you put a lot of thought into your post.

awash with green messages JS and Briggs have been Farmed Out

SD235
Sorry my response was not questioning your -13% performance, as a holder I am fully aware of the shares performance. What I was attempting to point out was that many shares (especially FTSE100 ones) have had tough conditions to contend with over that 5 year period.

SD235
-13% makes it sound like a poor investment: but is that true, I think not. The period includes the disruptive period of Brexit and a (hopefully) once in a lifetime pandemic, and then the last week or so impacted by banking issues in the US, which (because its the US) impacts all market - it knocked about 40p off LGEN. In defence of LGEN they will have paid out over 89p in dividends in that period (13.92p due in June) and the share price has exceeded 300p on two occasions. Aviva in the same period have fallen from 514p to about 420p a large percentage, again they have paid good dividends and been a lot higher on multiple occasions. In fact the market caps of many FTSE 100 stocks have similar price patterns, perhaps that is why many analysts and commentators are reporting that the UK market is cheap and attractive to world wide investors.

As a shareholder I want to know what the financial results were for the year end 31 October 2022. Your comments which I will include below are completely irrelevant to what happened in the financial year under review and are in fact a distraction to what (if anything) actually happened in the year.
"they have just got a new CFO" Yes we all know it was in a RNS and has no impact on y/e 31/10/2022.
"Probably after an S Series to ABB update IMVHO" I hope this does happen, but it is a post y/e event and again has nowt to do with the y/e under review.
Major major companies with billions of pounds in turnover have already reported their results for the year ends of 31/12/22 why does it take so long to do the same for a company that has zero commercial activity, do they have something to hide, and please Haggis do not spout any NDA rubbish. Perhaps there is not a lot of cash in the kitty or maybe they are having issues with the auditors.

"Don't forget we have the obligatory 14p drop due in April when LGEN goes ex-div"

Very true - For me the share price will be closer to 260p before ex-div day, the fall this past week has been well over cooked, and they will rise as buyers come for the dividend. aimo.

"FYI I now hold 968423 shares . Haven’t done badly have I ??"

So why comment so frequently on overpaid directors, and whether you are doing well or not depends entirely on your average buying price which I am sure you will tell us all in your response.

I emailed AFC on Tuesday requesting the expected reporting date - no response. What has happened to the "L Series" there may well be an issue over the accounting treatment of the value, how can it continue to be treated as an asset, the auditors will be pushing for full provision. The delay in reporting is rather worrying.