Member Info for NAV_Mike

Well needless to say, market reaction to the results was very muted. Unsurprising really as they sneaked them out at the last possible minute that avoided suspensiom. Its pretty clear they were more focussed on arranging the CLN in order to keep the lights on.

Neverless it stll has great potential, however the wording of the update that came with the report was extremely vague. Does anyone have a clue about timescales etc?

Fogg

Happy New Year (or at least a bit less grumpy) to you :)

Harbor certainly cant hold a gain at the moment, despite the market and Brent behaving themselves

More likely is that we have seen "sell on news" traders taking some decent profits today

Doesnt change the story here, which if anything, has been made much more compelling

Nice nibbling mate.....you can now move on to full scale chomping :)

That you nibbling away Bailiff? :)

S'okay you dont need to answer mate

With a combined value of less than £1500....so what?

Brock

I dont think so. I personally think the NOMAD would have been all over the RNS wording like a rash if it failed to mention the termination of a T1 agreement. Would have been very misleading to the market

Really good to read an RNS like that this morning! Hopefully it will put to bed the theory that management are a bunch of lying incompetents :)

Whilst our future is stronger and stronger, short term Im not overly surprised to see a lack of reaction this morning. The chart rather screams overbought, and whilst im not expecting a pullback, a short pause may occur as some people take a healthy profit

The next year could be VERY exciting!

Looks to me as if the buyback will conclude on Tuesday next week if current rate continues

In theory, to show an overall break even on the exercise, the share price would need to reach around £2.15.

Falls into the "nice to acheive, but not the end of the world if not" category :)

Right on cue......US up 600+, Brent up at days highs, yet we lose all gains to sit -3.5p

Anyone have news to account for it? Other than fact that as always, it happens as US markets open

Week 20 02.01.26 (3.5 day shortened new year week))

Total shares repurchased to date 31.794,173

Total vwap spend to date £68.05m

Average vwap price paid £2.14

Average daily vwap spend £701.5k

Another shortened week which saw the vwap deficit reduce a little to 14.8p. Average daily spend lessened during the period by £2.5 but this metric is probably redundant at this stage of the buyback

If current daily rate of buyback continues, I woud estimate completion by the middle of next week

£/$ variations could affect calculations

NSS

Without having seen their actual accounts, the difference would usually be Goodwill upon Acquisition. When doing deals like this, the seller wont just sell you the assets that exist now, he will expect to be compensated for future profits, client relationships and the fact you are buying expertise built up over many years.

Goodwill is obviously intangible, but it is a standard component. Its only when companies pay ludicrous amounts (think 3g & 4g mobile deals) that it gets very risky as goodwill can be devalued at the stroke of a pen

If you scroll down the HBR page on Shortracker, you will see the AQR position is still there but at 0.49% which quite brilliantly gets rounded down to 0% as its below the reporting limit

Getting back to the title of this thread, there does seem to be buying returning, and you can now sell above mid (16.1p) but please dont lol

Could just be a new year bounce, or perhaps some people are thinking SAR might deliver on one of their pipeline components - who knows

Defo not a ramp....we are only up a penny for heavens sake lol

DP64

Where I have said I want the "rosy picture"? All I want is for you to stop repeating the same cr ap every time you post

We all know its bad, and who knows, may or may not get worse. For gods sake, stop bleating about lifestyle companies and people unconnected to Sareum.

Dan222

Without wishig to reignite an old debate, the benefits of buybacks always seem to be a theoretical imho....ie higher EPS (difficult if tax such a huge chunk) and improved yield (which to me always seems marginal anyway).

Its a hard to argument to prove or disprove. I would say we have seen no share price improvement after two buybacks, largely because there always seem to be larger factors that negate it effects.

DP64

Was it your NY resolution to repost the same negative drivel every time you post? We get it....you think its lifestyle company, So sell up and move on

At the current rate of repurchasing, the BB will end in 2-3 weeks, which is still "Q1 2026"

Well either the MMs didnt like the results, or there are some delayed sells to show up to account for the sudden drop.

Will have to read over the bank hols, but the early statement that progress had been slower then hoped for, probably didnt help. Also th company's cash position looked perilous, so the CLN funding was probably essential

Sav

Its potential dilution because they arent obliged to convert into shares - they can await repayment at the end of the note period which is around 2 years. The fact that the notes are unsecured, does make that less likely, but not impossible

I do have experience of companies that have been crucified by loan notes, although in those cases, the funding was arranged by dodgy broking companies (who took large lines of notes) rather than the company itself. Hopefully that will be the saving grace in ORCAs case.

A dodgy CLN holder would allow the price to rise to a target level, then begin shorting it heavily, knowing that their short would be covered by converted shared at 13.5p. Thankfully the facility is only £500k and the notes have been spread around it seems