Member Info for nomlungu

And experts from the WHO have also said that it is all well and good the UK seeing how things pan out with letting the Delta variant rip through the rest of the unvaccinated population as we already have relatively high vaccination and antibodies from past infections.

But... they say we are exporting variants to countries with lower rates of protection who then export it further; we may be ok but it may be harming other countries who do not have the same access to vaccinations.

Many experts; many opinions.

And the journalists are unmasked.

Covid briefing from 9 Downing Street...

The 3 briefers are sitting close to each other AND there are journalists in the room [indoors!]. No masks on the briefers.

#progress

Raj / Adrian / FOTH expects Directors purchases to boost the share price. In the last accounts the annual Directors salaries were £515k gross. Assuming an average tax of 25% and Employee NI of 12% the net monthly salaries would be £515/12*0.67 = £28750.

Under the DDSPP the Directors have agreed to spend 5-10% of net salary each month. So the total monthly buys for all Directors can be expected to be between £1500 and £3000. Something, but not a market moving amount.

The downward price elasticity around the purchases will be far more if they do not make a purchase or chose to commit the minimum 5%. The rampers might be selling last years onions...

'There were those amongst the naysayers who argued that the reason for the delay in the placing was because UKOG couldn't raise the funds!'

Companies normally do placings and open offers at the same time. The open offer clearly failed, as it only attracted less than 10% of the amount sought. It seems as some shareholders might have felt that the placing had been done in such a manner that allowed the placees to flip their shares to take advantage of the discount available to 'those in the know'.

This logic reminds of the following posted by a prolific poster recently:

'Some of the time-wasters seem to lack basic knowledge of the markets so don't really know what they are talking about.'

There is a poster who 'postsalot' with a Buy or Strong Buy opinion since the pennies who ironically posted this recently:

'Some of the time-wasters seem to lack basic knowledge of the markets so don't really know what they are talking about.'

You cannot make stuff like that up.

Athens, Italy, Turkey... time for some home grown fires? I fear a peat fire soon and they are very hard to put out. As much as I want to move to a rural location I do not want to be too close to a farmers field that has been killed off by drought, especially if that farmer has little funds to clear the fire hazard.

https://www.reuters.com/world/europe/wildfire-burns-near-athens-industrial-zone-trains-disrupted-2021-08-03/

The EFF highlight a potential problem that may be unintentional but that could subsequently be exploited GOV:

'The forthcoming Senate draft of Biden's infrastructure bill—a 2,000+ page bill designed to update the United States’ roads, highways, and digital infrastructure—contains a poorly crafted provision that could create new surveillance requirements for many within the blockchain ecosystem. This could include developers and others who do not control digital assets on behalf of users.

While the language is still evolving, the proposal would seek to expand the definition of “broker” under section 6045(c)(1) of the Internal Revenue Code of 1986 to include anyone who is “responsible for and regularly providing any service effectuating transfers of digital assets” on behalf of another person. These newly defined brokers would be required to comply with IRS reporting requirements for brokers, including filing form 1099s with the IRS. That means they would have to collect user data, including users’ names and addresses.'

https://www.eff.org/deeplinks/2021/08/cryptocurrency-surveillance-provision-buried-infrastructure-bill-disaster-digital

UKOG's Open Offer to shareholders failed at 0.18p, raising less than 10% of the £4.7m that was on offer. Now UKOG seems to have said that £6 to £7m will be required at Loxley to drill an exploration well if they get permission.

What price would that be at? And ocelot ramps the possible need for another massive fund raise...

Did you not read the update about Turkey yesterday?

I doubt it will make much difference; it is generally an unknown / unliked share in a specialist area that few understand. The sales figures will do the talking, but those figures are still years away. Come 2025, free cash flow could be over £10m a year and growing at over 25%. Then the share price will be significantly higher.

Or a bigger competitor makes a better product, and they go out of business...

'Plant Health Care shares will trade on the US OTCQB Venture Market under the ticker "PLHCF", with effect from 3 August, 2021'

I was not expecting that - maybe interest from the US will increase?

Interesting article - I had some unallocated 'boring' money in my SIPP that needs a home at the moment. The share price could get back to pre-pandemic prices by year-end and there should be little downside whilst Elliott Management are kicking the tyres.

https://www.barrons.com/articles/buy-glaxosmithkline-stock-51627546500?mod=hp_DAY_8

https://www.barrons.com/articles/countries-are-preparing-to-offer-booster-shots-what-it-means-for-vaccine-makers-51627920318?mod=hp_LEADSUPP_1

Good - I am keen on seeing them used on others before I line up to get done myself [even though I am satisfied with the efficacy with what I currently know].

Punters will be delighted if it returns to a previous placing price [like 2p in 2018].

'Home Depot plans to foil shoplifters with power tools that won't work if they're stolen'

https://www.businessinsider.com/home-depot-fights-shoplifters-special-power-tools-2021-7?r=US&IR=T

Get to work and your power tools have been hacked / home depot would pay the ransomware demand pretty quickly if it was demanded from them as they cannot afford to lose the custom of every Bob, Paul, Ringo etc.

No - they would have been better off raising the money in April, when the share price was significantly higher. Also, the price that the placing was done at is likely to have been higher if The Dear Leader had actually shown some confidence in the company that he leads and bought a significant number of shares before the placing was done.

Your attempts to spin success out of failure need to be challenged.

Careful not to drool on your keyboard

https://newatlas.com/motorcycles/best-motorcycles-auction-monterey-car-week-2021/

Hard to judge this one, as there are no details of the existing companies in the Creo-Tech group on their website, so the assets that might make up part of Duke's security on the loans are not easily judged. However, diversification of assets / income streams is always good; hedging against over reliance on the £ helps, and Duke's management have shown good judgement in the past.

The assets being purchased with the help of Duke's money are:

https://www.silhouetteenclosures.com/

http://www.axialcompanies.com/

https://creotechgroup.com/

I assume there may be a long term intention to float Creo-Tech as Duke has taken an 18.75% equity stake [but my Father always said never assume as it makes an ass out of you and me, so take that assumption with a shovel of salt].