Member Info for nomlungu

Consolidation would only happen if the share price got dangerously near the nominal value of 10p. 20 to 1 consolidation would not get to £3 then... Do you really expect that the share price will drop that much whilst BJ is left to ruin the economy?

I know he is bad, but that bad?

The new "Bill of Rights" includes a clause along the lines of "you will do as I meant to say, not what I say". Having the law mean what the person making the law meant it to say and not what it actually says can only damage the UK's reputation as a stable place to do business. And that undermining damages businesses and their ability to repay loans to banks, keeping profitability of banks lower than they should be.

Which of course damages bank share prices. Why do Brexiteers pollute this board, supporting an incompetent bank purposely damaging the share price of Lloyds? When the FT makes room for opinions like the one below, surely the average unblinkered person can see that BJ is more interested in himself than the Nation?

https://txtify.it/https://www.ft.com/content/0676e6b9-c10d-4476-9ff8-c8652cbcda78

Gazzleberry,

I will be moving soonish... I am considering buying a short lease property as it would leave more cash for me to play with.

Great stuff - inherit your parent's mortgages

'Boris Johnson is exploring plans to offer British home-owners longer mortgages that can be passed between generations, the latest move by the government to stimulate housing demand.

Buyers could be offered mortgages for 50 years or more, with the outstanding debt when they die passed to their children, according to a person with knowledge of the matter. Longer loan durations would allow home buyers to pay more for properties because they would have lower monthly payments.'

https://www.bloomberg.com/news/articles/2022-07-01/johnson-weighs-50-year-mortgages-that-children-can-inherit?srnd=premium-europe

Anything to keep up demand for overpriced assets... If you are paying a mortgage for 50 years, how would you ever be able to afford to rewire / redo a kitchen or bathroom...

A pro-China online influence campaign is targeting the rare-earths industry; Disinformation operatives seek to undermine firms in the Western world as China fights to maintain near-monopoly power.

https://www.technologyreview.com/2022/06/28/1055093/a-pro-china-online-influence-campaign-is-targeting-the-rare-earths-industry/

An online influence campaign carried out by a group that promotes China’s political interests is targeting Western companies that mine and process rare-earth elements, according to a new report from cybersecurity firm Mandiant. The campaign, which is playing out in Facebook groups and micro-targeted tweets, is trying to stoke environmentalist protests against the companies in the US.

The operation is attributed to an online group code-named Dragonbridge, which has also been responsible for campaigns claiming that covid-19 originated in the United States. Its latest campaign has increased in intensity in recent weeks as part of a strategic battle between China and its Western adversaries over who controls the precious resources and their own destiny.

https://www.technologyreview.com/2022/06/28/1055093/a-pro-china-online-influence-campaign-is-targeting-the-rare-earths-industry/

'If you were the CEO of UKOG, how would you seek to finance its development?'

2 for 1.... For every £1 spent on the project, I would want £1 to pay the BOD (mainly myself) as shareholders have proved to be such a soft touch so far, I might as well milk them for every penny I can before they eventually get fed up with being diluted through discounted placings.

Solid state hydrogen batteries... not as crazy as it sounds.

https://www.youtube.com/watch?v=M0fnEsz4Ks0

still over priced at 1/2 the price imo

Porky9,

The Cenkos warrants are from a prior year's share authorisation... many more shares can still be issued. They have 20m that they can just issue, 10m more for shareholders, 4m for Cenkos and 6.5m for employee rewards. More than 40m more can be issued without them even asking for more authority.

It seems greedy to have used the prior year authority at the same time as saying that they only wanted authority to issue a modest number of shares as any more would not be fair to shareholders. Suzy did tweet:

"The same resolution as we requested last year - it’s normal for companies to have a small pot of headroom authority in case it’s needed during the year. We keep the level low with anticipation that if we wanted to use more we should be asking shareholders at a GM first."

https://twitter.com/DillySuzy/status/1534270086827081728

Tour de France on IT4 - the start day today with an individual time trial in the wet. Some hards falls...

How stretching will the targets for options for management be? Even if they manage to get a sustained 100% increase in share price, that would only take the price back to where it was a month ago. A 200% increase just takes the price back 6 months.

Rewards should not be given for partial reversal of failure.

Private Ey's Old Sparky was warning for years... they knew the dangers coming dowm the line.

Kazakhstan... And Serbia is not a member of the EU (yet)

My understanding is that India's refineries are not designed to refine the oil that Russia exports and that they only had capacity to store somewhere around 1 million barrels of that type of oil. If correct, they must be re-exporting. I would expect that a friend of Modi is making a shedload - that is how Chumocracies work.

Video to make kenny smile:

https://twitter.com/EuromaidanPress/status/1542659755306614784

... who lumped on Lamprell have just been handed their AR5€!

5p to 9p in days, suspended for no accounts and a shareholder owed debt who has said that he is "evaluating a possible transaction that may involve an offer to acquire the issued and to be issued share capital of Lamprell, alongside a financing package to support the repayment of Lamprell's existing debt facilities and other working capital requirements."

No accounts, debt needing refinancing, working capital needed... are the shares worth anything? No doubt ramping will go into first gear and do wheels spins but this might end in tears like so many other AIM dreams. 60% profit in 2 days and they did not cash out...!

Sootysnipes,

You need to follow these instructions from the RNS if you want to apply for any of the Broker Option shares:

'Independent financial advisers, stockbrokers or other firms authorised by the Financial Conduct Authority may apply to participate in the Broker Option, on behalf of existing shareholders and other interested applicants. As Turner Pope Investments cannot take direct orders from individual private investors, independent financial advisers, stockbrokers, or other firms authorised by the Financial Conduct Authority, should communicate their interest to Turner Pope Investments. Parties who wish to register their interest in participating in the Broker Option should contact Turner Pope ( info@turnerpope.com ) on +44 (0)20 3657 0050. Each application should state the number of Broker Option Shares that the interested party wishes to acquire at the Issue Price and should be submitted to Turner Pope no later than 8.00 a.m. on 4 July 2022.'

As the RNS states that priority will be given to existing shareholders, non-shareholders can apply but may not get shares depending on demand from existing shareholders. Equally, an existing shareholder who applies may not get as many shares as they apply for if demand is greater than the number of shares available.

These shares appear to be from pre-existing authority to issue shares, not from authority granted at today's AGM... which is why the Placing RNS stated:

"Broker Option Shares is conditional upon the passing of certain resolutions at the Company's upcoming Annual General Meeting ("AGM") in relation to renewal of share issuance authorities."

This will be important to bear in mind as the company will have authority to issue more shares during the year than some appreciated [the Cenkos shares were authorised in a previous year and the authority to issue those shares has not lapsed either as far as I am aware

Another CONservative trending on Twitter - BJ must be so proud?

Is it a requirement for a Deputy Chief Whip to be a Leatherman?

https://twitter.com/search?q=chris%20pincher&src=typed_query&f=live