Member Info for NickRubens

I used to own this company's stock as a young man waiting for ratification of an oil field I've forgotten the name of, now I've gotten old. I see it's all about Lithium now. How long before another placing?

Interim's are ok, but I think the market was expecting better than 'ok', so like most shares stuck in a bear phase investors are a bit edgy? I know that whatever I have bought in the last year have all gone down and yet they seemed really cheap at the time but the economic bad news and slowdown has now caught them up and I don't feel like adding anything more myself.

Inflation and higher Interest rates are having a big impact everywhere including reduced volume in shares trading.

Still holding a few but starting to get a bit concerned that the market isn't supporting a higher valuation or showing any optimism ahead.

Halved in value today from last Fridays after hours RNS. Doesn't look to have much of a future for current shareholders but an asset management co just invested around half a million pounds sterling at 5.5p a share?

Are there any forecasts for this company, profitability wise?

Last I looked they will were still placing shares and we've just had another loan note conversion, so how is the SP meant to go up? Of course I understand the mkt value would move in advance of any profits but it isn't at the moment.

I sold at 3.5p just before it shot past 10p! I thought oops but look at it now. Seems to continually dissapoint.

Lucky on this one but have loads of 100% write offs and bottom drawer stocks, now worth less than the cost of commission to sell them.

I find generally that listed companies are better are making cash off investors than making it from customers.

What next for HMI, will they do a fund raise? Anyone understand the accounts?

Any ideas how a potential fund raise will be undertaken? Placing via open offer to existing holders, Rights Issue? Debt?

How have past funds been raised? Cheers NR.

Won't you miss out on the dividends? I thought the company was supposed to be 'throwing out' dividends at some point? Something I recall hearing a few years ago in an interview somewhere? Anyone remember that or am I imagining it?

Thankfully I never believed it and sold out back then (though far too early) as I never fully understood the accounts either.

Nothing great about results, they are basically limping along and hope/expect things will improve. I think the share price will move will the overall market mood. Is this possibly the worst of it?

Another interest rate rise is coming, wage inflation continues to be high

I don't feel like buying anything at the moment as the economy has yet to slow down and even go into recession to get inflation down again. We've not seen a return on holding 'cash' for along time and this is a big distraction for investors as well as a liability for company debts.

Shares are just so difficult at the moment.

Well I sold out at 93p after the sudden rise, so would like to get back in lower. Might as well wait until results in a couple of days I think? The market as a whole is in the doldrums and the economy is meant to be slowing with rate rises.

Yes wait for the fund raise and then what? Will it ever be profitable?

On proposed Chinese equity investment at 20p?

Newbie Yes good point, I think it's safe to say nothing leaked out, which is amazing in it's own right on the Stock exchange.

Now we have uncertainty with all the probing from the Gambling Commission.

Typical of when a stock just drifts down daily and wears everyone out. However the wider market is drifting down anyway due to Interest rate rises. I'm concerned the UK is heading for a sovereign debt default . How much longer can UK Gov keep issuing/selling IOU gilts and simultaneously rolling over debt at higher interest rates. US Jobs data later today might spark further rate rise concerns in the US.

Is the L&G SP weakness linked to rising gilt yields ( ie government gilts falling in value on the bond market), though if held to redemption there is no real issue.

I always feel we're never in the know of what's really happening until a sudden problem arises and announced, supposedly unforeseen etc.

Hope it's not just another flotation which eventually goes to zero or close to.

I'm actually wondering exactly why I've bothered owning any shares over the years as they generally seem more like a liability than an opportunity?

Have this on my 'watch' list after a fund manager presumably owning a big chunk (for clients) seem to speak favourably of it.

Looks like we've hit a bear phase which is affecting most shares, especially if they have alot of debt as rates have risen and look like they will remain higher for longer. Not great news for 888. Interim's in August will give an indication of what's ahead.

Longtimeinvestor Well, I fear a sovereign debt crisis in the UK, so how else would one describe UK gilts? Never seen such a huge government debt in this country in my life. The UK Gov rollover interest costs alone will be soaring now.

Yes the debt looks high and with interest rates rising, perhaps that's the concern today. Don't know the specific details/terms of the debt here but would expect roiling the debt over to be very costly just like it is for the Uk government, for the next couple of years at least.

Hope it all turns out well for long term holders. I'm here more for a trade opp which is an art in itself.

I lost my entire stake in Johnston Press PLC to the bond holders who held their debt, going back a few years ago so it can be a real issue if adequate earnings don't come in.

I would say it's quite typical for a share price to pullback after such a strong sudden rise. It most likely will overshoot on the down cycle as it did on the up cycle. No new news as far as I know and half year results coming in August.

I was out at 93p and regretting it, so I expect to buy back higher than that at some point. Never can quite time things.