Member Info for NickRubens

steve Got the date of 15th July 22 for annual results (II broker webpage). Last year they came on 16th July.
Look forward to the trading update before then though, believing it will be good.

Looks the sell off is done and the buys signalling a reversal. Full year results are not due until July, though I can't see the market not waking up here again as we get nearer. The forecast earnings (if met and hopefully exceeded) should earn us and justify a higher SP IMO. Added this morning though the SP is some way off my original buys at around 33p.

At this level I think it's a decent risky bet and especially as funding keeps it going for some time again and I believe there is interest in Coal. Coal is needed. Look at who the world has been funding and essentially relying on for it's slightly cleaner energy needs and what the tax revenue has been spent on and it's effects in just the last two weeks.

Cheers MrDribbles Is Polymetal not classed as a Russian stock then? Maybe not? From Wiki...

"Polymetal International plc is an Anglo-Russian precious metals mining company registered in Saint Helier, Jersey. It is listed on the London Stock Exchange and Moscow Exchange and is a constituent of the FTSE 100 Index, FTSE Gold mines, RSX and Euromoney Global Gold indices."

Reasons for 50p. Sanctions are damaging, but doesn't anyone worry the LSE might ban Russian stocks from the exchange? The world seems to be going that way in all business associations with Russia.
Hopefully Russia will just end this madness before any further senseless loss of life and economic damage is done.

We all want this war to end for the sake of the devastation and destruction to peoples lives and deaths. Problem is while Putin continues to be well fed, clothed, housed and washed (ie in comfort) he doesn't care of the misery and death to ordinary people. I hope those close to him start fretting about their own wealth and status going to tatters and so might decide that Putin is going a bit too far for their own liking and lifestyle.

Just got the details from my broker on how to accept the 75p share offer. Still not convinced it's a serious offer but perhaps just a value opportunity figure to satisfy the mandatory bid obligations. I would rather stay on board as PHTM do have a history of resilience to come out of difficult trading conditions.

The offer is open until March 8th, but how does one even accept the offer, if inclined to do so? I've not heard anything from my broker (HL) who hold my shares as nominee. Cheers NR.

At the moment we are trading slightly above the offer price. So we are still waiting for the formal offer document and to hear from the Independent Committee's full response to the Mandatory Offer.

Are they likely to say it's an opportunistic attempt to buy the company on the cheap and advise shareholders reject the offer? With the latest trading update I would have thought there is further good reason to reject the offer.

Or is it just the formality going through the official protocol of a 'mandatory' offer without expectation that shareholders will accept it anyway, hence pricing it low.

Latest RNS, though I wasn't sure at first if I may have landed on a cloned fake site. The whole Saga is unusual.

https://www.londonstockexchange.com/news-article/market-news/deadline-extended-re-offer-to-acquire-lek-shares/15324430

Superbobgod, Yes Feb 11th is my broker deadline with Jarvis. They said the cash offer is something they can 'accommodate' but if I was to chose the Lekoil Nigeria B share offer, then I would have transfer out of the nominee and deal 'direct' with Lekoil Nigeria.

Well, I have until tomorrow (11th) with Jarv Inv Mgmnt to decide.Unless a miracle RNS springs up tomorrow, it looks like i'll be accepting the cash (if it arrives) and taking a 33% loss which I suppose is a good return compared with many of my 99-100% loss investments.
I would like to think there is a potential future here for investors, but going by the historical shenanigans with this company I may saving myself from a 100% loss. Even If it got relisted I would likely be looking for the exit on a spike anyway as I have little confidence in the longer term.
I did originally buy for a quick trade as I do in most AIM shares and it went wrong as many of mine do. Good luck whatever everyone decides.

The shares have pulled back from the recent run up in price to the Interim's and we can be quite certain the Full Yr is going to be good.
Just wondering if now is the time to buy back a few, though still holding a chunk.
EPS of around 3.4p expected. When there is no news prices tend to drift.

Cheers bear_with_me, you are indeed correct, first 200 million shares settled within 21 days and any further shares sold will be settled within 60 days.
It does look like money will reach those wanting to sell. It's just a case then of deciding whether one thinks it will come back from suspension and perhaps even rally once this episode is completed?
Basically we have a subsidiary (we own 40% of Lekoil Nigeria) trying to buy our shares at a market value of $10.2m, which is supposed to be substantially lower than the amount of the inter company loan they owe us. Meanwhile our current board Lekoil Ltd advises us not to sell and yet hasn't resolved our suspension, creating massive uncertainty and hence we're perhaps more likely to sell? What is actually going on?

Great Point GordonAlbert. Are the stockbrokers being played? I knew something was missing and it's the timetable of events.
Who will be responsible if the shares are passed on to somewhere in Nigeria and no money is forthcoming?
The events with this company including the fake funding stuff (was it $500k lost in bogus fees) with that fake plagiarized website (with spelling mistakes)where no one has yet been held accountable is hardly a sign of confidence all is what it seems.

I've noticed the price is lower. However where does it go from here? How much is in the price and how quick can they recover in the second half (if at all)?

It's now a guessing game until we get a trading update with the Interim results on Feb 23rd. The way back to profitability is to pass on the price rises to the retailers and in theory that shouldn't be hard to do. If the second half proves difficult too then the company is in for a full year loss.

Yes mark99999 I know what you mean.'Our' board say hold but where is the communication from them about getting the shares back from suspension. Last oil production RNS looked good.
Why are we still suspended after all this time. What is so difficult about accounts being published.

Cheers JoeArther,Yes I've taken another look at the offer doc. Should have read it properly earlier.
Yes two choices for acceptance, Either Cash (1.9p a share) or Lekoil Nigeria B Shares (and of course the do nothing option ).
So via the nominee system our brokers can get us the Cash offer but not the Lekoil Nigeria B Shares offer.
After all my skepticism, it does seem that anyone taking the cash option will in fact get it and via their brokers (assuming money actually arrives from Nigeria to them).
Is anyone staying put with their holding in expectations of the shares coming back from suspension?

This is what my broker 'J' IM says.

"Good afternoon
If you wish to accept the cash offer we can accommodate this, we would require your instruction to accept the cash offer prior to our deadline of 11th February 2022.
If you wish to accept the unlisted share offer, you will need to withdraw your holdings and apply directly with the company as we cannot offer this option."
Kind regards"

I understand this to mean that they will process the acceptance and get the cash for us via the registrar? and no mention of everyone having to club together in a block?
Does anyone know what is meant by the 'unlisted share offer'? cheers NR

Sorry wrong thread. Nothing to do with Renold (RNO). Doesn't seem to be any facility to edit on this website?