Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
So Ruffer are out by the looks of things, but it's interesting that despite 280m shares changing hands in the last 2 days, they are the only significant change worthy of an RNS?
The other added bonus of that would be it would get rid of Wareborn and his cabal of clowns
Onsolidground, yep it's definitely a possibility, but they will need to buy out the russians in order for banks and institutions to show an interest it would seem. A takeover could do that. Someone has picked up millions of shares for under .3p in the last 2 days, 250m shares traded, so there are clearly those out there who might be taking a similar view. If this was dead in the water, there would be no bid
Someone's playing around..
01-Nov-23 11:52:37 0.30 66,666 Buy*
01-Nov-23 11:52:37 0.30 6,666 Buy*
And 1m sitting on the bid at 0.29p
750K, 1m, 2.8m, 1.2m and 2.4m trades go through in the last 30 mins.. would love to know who is selling and who is buying..
If indeed they are running out of cash, then the honourable and decent thing would be for those Directors on massive salaries to take a temporary, substantial pay cut. If they are worth it, reward them in the future. I don't think getting rid of Wareborn now is the solution though, who would replace him? No one would want to come in to do a job for potentially only a few months.. and those underneath him don't seem to be up to much .
This explains that massive, persistent seller though, someone always knows with AIM..
Some serious size going through here for a company that's on the verge of ceasing to exist.. some still believe obviously, and may be picking up shares at a level that will make them millions.. or they could be just taking a punt, spinning the roulette wheel once again..
Judging from what I heard a few weeks ago, one of the reasons that they may be struggling to get funding is due to the involvement of the dodgy Russians in the company. I heard that one Investment Bank do not get involved with the top company due to their 'legacy ownership issues'. If other banks are taking the same stance then it probably explains why we are where we are. 100m shares traded today, but ship as steadied at 30p for a market cap of £5.4m.. Jesus wept
It's about time we saw some director's deals eh? If they are not buying when this thing is a penny, what sort of message is that sending out to the market? I'd be loading up if I really knew the state of the business and its prospects. Looks like the offer at 1.05 has been lifted for now, strong buyer in the market again today.
Seller of 150k at 1.05 has an iceberg order there, reloading once he's been filled
Yeah I took some more last week to average down too, still have some from around 3-4p and had topped up around 2p too. The volume has been big in the last few days, some are clearly happy to still plough money in to it, despite the nay-sayers. Hopefully this seller is going to be done soon and it can start to breath again. Interesting that the big volume picked up yesterday post the US open..
Someone clearly wants a lot of shares at the moment, over 15m shares traded in the last 2 days.. but there's an obvious overhang from a big seller who just wants out of everything, has been crushing it for weeks keeps reloading on the offer in big size.. but after the US opened today millions are being lifted off the offer.. just need this seller to finish and get out of the way and it could pop 50% or more.
Europe’s airlines are committed to decarbonising air travel and making Europe the world’s first carbon-neutral continent by 2050. They aim to reduce CO2 emissions significantly through the use of Sustainable Aviation Fuels (SAF). This commitment is part of the EU Green Deal and the ICAO Long Term Aspirational Goals (LTAG).
The European aviation industry is focused on achieving a net-zero goal for all departing flights by 2050 through a multi-pronged approach, which includes improving aircraft and engine technologies, increasing SAF usage, implementing economic measures, and enhancing air traffic management and aircraft operations in Europe.
While some regions, like Europe, are expected to decarbonise faster, Airlines for Europe (A4E) emphasises the importance of not delaying or hindering action on flights in and from Europe today. They call for urgent global decarbonisation efforts alongside local initiatives. A global framework is needed to raise ambitions, aligning with targets like the European Destination 2050 Roadmap while maintaining a level playing field for Europe’s international competitiveness and the integrity of the EU internal market.
The upcoming ICAO Conference on Aviation Alternative Fuels (CAAF/3) in November 2023 presents an opportunity to establish ambitious mid-term objectives. They aim to achieve consensus among states on these goals, along with a set of measures, to encourage Sustainable Aviation Fuels (SAFs). This consensus would provide market certainty, attract financiers and fuel producers, increase SAF production, boost SAF volumes, and ultimately reduce prices for consumers.
https://www.aviation24.be/miscellaneous/sustainable-aviation-fuels/airlines-for-europes-vision-for-global-sustainable-aviation-fuel-saf-deployment/
What was all the panic about?! We traded in the green on the last trade of the day, up over 4%! Closed at the midpoint of the buy and sell, so nothing went through in the auction by the looks of things. This looks like someone wanted out of several million and it turned in to a stop-loss raid below 1p, possibly instigated by the spread betting firms who love to spike people out of positions at a loss. Well it settled down and in the end the big volumes were going through on the bid side, clearing big offers (810K) at 1.10 and pushing on to 1.20p at the close. Not saying that's the end of the carnage, but we did have a spike down, but didn't result in capitulation and in fact it's now printed a bullish reversal hammer potentially. We'll see how it does over the rest of the week, but the end might not be nigh just yet. Just a great opportunity possibly to top up at 1p earlier, I certainly partook.
We've been here before and it's bounced hard.. will it be second time lucky?
Explain that part about the redemption issue and why there would have been an overhang? You think some fund got in, they've lost 30% so reached a loss threshold and now just want out of it all?
Are we seeing some smoke signals of life today? 6m shares traded by 11.30am, with several 1m clips going through and they lifting the offer to put it in to auction.. Someone really wants a chunk of it today, maybe there's news coming, we know what this stock is like... Or who knows, we could close at 1.5p again..
Someone coming in with a sneaky 1m buy after the close at 1.89p..
My thoughts on the Investors Call.. Negatives - Questions re. Directors pay batted away as approved by the remuneration committee was a poor response; a cop-out on the questioning re. why the Directors owned so few shares in the company (thus reinforcing the worry that they themselves don't see much of a point in pouring money down the drain on this) and no real news at all on future developments or projects (but any key news would need to be released in an RNS anyway). They didn't mention anything about their recruitment and staffing, which I'm sure some would have asked about in the questions.
Positives - the plant in Ohio is built, which is a stake in the ground with regards to progress and the ability to finally start generating some revenues and showcase the firm to prospective matched funders. The investment bank is 'top 5' which is great, let's hope they don't just rinse them in 'top 5' charges. But if a top 5 bank can't get the funding sorted, then it's lights out. There seems to be things going on under the surface that they can't talk about, let's hope it's not just smoke and mirrors. Dual-listing will be a big positive and maybe ensures that the investment required, from their clear and obvious target market is forthcoming later this year as they said it would. Henrik seems pretty convinced battery and hydrogen are non-starters when it comes to aviation, hopefully green investors will start to slide some cash SAF direction soon as a result.
End result? Paltry volumes after the call - no vote of confidence from the investment community, the SP is down around 7% since then and melting away from the 2p level.