Member Info for notaflipper

It will be interesting to see what the discussions are in the GM on Director Warrants that will act as a share drag on recovery.

The Placing needs to ensure there is sufficient headroom to allow new Ordinary Shares to be issued pursuant to the warrants previously granted to Dr Chris Blackwell (former Chairman of the Company) and Dr Karl Keegan (Senior Independent Non-Executive Director).

Chris Blackwell on appointment was issued with warrants to subscribe for 3,000,000 new ordinary shares of 0.1 pence in the capital of the Company conditional upon him continuing to act as Non-executive Director of the Company on 11 May 2019 ("Warrants"). The Warrants are exercisable from 11 May 2019 to 11 May 2021, at an exercise price of 4 pence per ordinary share.

Dr Karl Keegan on appointment was issued with warrants to subscribe for 3,000,000 new ordinary shares of 0.1 pence in the capital of the Company conditional upon Karl continuing to act as Non-executive director of the Company on 17 February 2021 ("Warrants"). The Warrants are exercisable from 17 February 2021 to 17 February 2023, at an exercise price of 6.75 pence per ordinary share.

I think those that have gotten used to the easy-money swing trading range were a bit surprised with today's sp movements which went below the expected 47.5p floor. FWIW I think these easy swing trading days are getting numbered and the reason for yesterday's and today's drop outside the expected range was (hopefully) final shake before passing 50p. Added again. Had to sell elsewhere (at a very marginal loss) but think this will come good in the end. GLA in next week.

Had this on my watchlist for 6 months now. A placing here was always going to happen if you look at the RNS which accompanied the new CEO's appointment. So any newbies who are surprised have not done any research. LTHs when forewarned were realistic to understand that this is the price for a potential rebirth.
Shocking that Director purchases have been so poor here. Only collectively putting £25k in a £1.5m placing shows no confidence in recovery plan and let's face it has no skin in game really.
Although many will jump in today, realistically this will fall below placing price in next few days until the GM to vote on placing at end of March. Will look to buy in then.
Hopefully a happy ending one day for LTHs here

Well my interest in these securities being converted into ordinary shares concerns the purchase price of the securities. If you review some of the previous Form 8.6 notifications for J.P. Morgan for example from March/April 2020 and the price per unit paid (e.g. 15p-18p range). Timing is a bit strange as you would have thought they could have waited closer to hearing.
Gap down from opening spike seems to have been filled and upward trend seems to be back on track. GLA

Another expectation from last week has come true. Lots of naysayers here saying no TR1 will come. Still in upward channel from bounce to 17p. Then who knows.
Main mystery is the reason for increasing % voting rights through settlement of financial instruments. Should see 17p by end of week. GLA

LTH = Long Term Holder
Best of luck, but think this will end good.

There will always be day traders, and short-term profit takers. Others may say it is unhelpful to building any momentum and akin to "cutting your nose off, to save your face". To be fair though some have been LTHs who are looking to make some profit whilst we tread water having held from the bottom here. If you do this I would look at the potential spread and your trading costs. Sometimes you may find that you have to buy back with lower number of shares.
If you look at the sp effect post release of results on other stocks (e.g., IPF, IAG) they have all spiked as PIs focusing on the recovery. Here with Schroders owning 15%+ (last purchase in Feb '21 circa 39p) and 18.24% RWC (last purchase in Nov '20 circa 46p), I would say the potential down-side risk is low here.
The sp went above 50p in Dec '20 before falling back to 34p. Since Dec'20 other posters like NoFear have highlighted circa £2bn contract awards, with disposals of the Irish Life & Pensions Services, Axelos, and Education Software Solutions helping to pay down the debt. As long as Lewis can provide a credible path to growth I would agree with other posters that we should see 60p post results. I do not think this will slip back as much, though again some will trade the swings, but be the start of an overall upward trend. So even if you miss selling on a spike, think you'll still be okay, though some LTHs will probably want a break.
FWIW I think we'll make another run for 50p in the next day, but would agree we will be range bound till the results.
GLA

Well done to all who held on from last week.
Bounce from support level as expected despite posters shouting 11p/10p lol.
Last time this increased to 20p there was a similar break pre 17p. So agree that this should now rise up to the 16p/17p level. Should see that hopefully in next few days but thereafter who knows.
GLA

Good illustration of past comments already made on support levels here
https://twitter.com/kyiko_/status/1367856642658861062/photo/1

That is my reading as well.
There was a strong bounce off 12.6p on Friday. The previous low on the 4th was 12.8p. So I would suggest the high 12s is the first support zone from which hopefully there should be a recovery. Fits in my broader reading that we are at or near the bottom of latest trading cycle.
The pullback has been more brutal than one would have thought. I had thought a drop to mid-teens would have been more fair. A good trick for those regretting missing out on potential profits is to set your Limit Orders in advance. This was in the heat of the moment, you don't get caught up with rampers, and then it is just the case of cancelling the Limit Order.

175,000k for £66.94k declared after hours.
Usually there has been a reversing trade for these large trades, hence potentially the tick-up. Surely the seller over-hang must be nearing an end?
Here's hoping for further news to get more big buys in before April Finals so that we can get going. Bit of a wind up now has to be said.

Across LSE BBs one gets accustomed to a certain level of deramping and in a stock which has such parabolic swings as AMGO one has to expect a certain level of gamesmanship especially by profit takers. Has to be expected, and frankly good for them. Despite what you read here, most PIs loose money hence the warning on trading platforms. That said the quality of the deramping here is just frankly getting plain lazy. At least create some aliases and do multiple posts, reaffirming the same negative sentiment. It is a waste of both our times just to simply read figures plucked from the air but aligned with your entry points lol

Not the best of my entry points it has to be said and again hats off to the LTHs here. But in terms of Hold, Buy or Sell, it does seem that the sp will appreciate through to the course of March up to hearing. So if you are in the red, unless you expect an out-right collapse, it could be better just to chill for the next few days. Often day traders forget about the spread, which is not helpful, here and so there could be limited profit. Today was the day after the Budget and the FTSE was down consequently, with fears it will follow the pattern of the DOW.

If you have the trading tools to look at the intra-day candlestick chart then have a look at the trading pattern today in this afternoon where a series of wedge patterns were forming with a bottom at 12.6p. This hopefully should suggest that we are nearing or at the bottom, which would kind of make sense with most sellers having taken their profit already. This should suggest a return to the mid-teens at some point next week. And yes, I still believe that IIs will still be accumulating through March, why not now then after, so still hope there @bluefiesta.

Have a good weekend all.

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If you look at the chart across the last two days the intra-day low was on the 4th at 12.39. This afternoon we have seen a series of wedge formation form in short order with a low of circa 12.8. Could go lower but the wedge formation to me suggests that we could be bottoming out. What the volatility further is, whether it threads water or rebounds quickly who knows given the wide swings. However a return to mid-teens seems likely at some point early next week.

It is interesting that albeit only for a marginal amount JP have tried to increase their voting rights. Whether this was house-keeping or an indication of direction of travel from them only time will tell. Some ideas suggested are more dubious than others but a relisting for clarification would not happen. Rather you would see a "reverse takeover" where a Private Company gets a majority interest in a listed Co. Adam Reynolds (OPTI, YGEN, BST) has done this before. As before some ideas more dubious than others.
A chaotic week even in the parabolic trading of AMGO. Hopefully we are good enough for a tick-up to the mid-14s to settle some nerves. With the Long term incentive RNS, Holdings RNS and so on it should be a good couple of weeks going forward though.

Re: ".this re-rates it will be freeking cosmic.
I don't often get excited with Hurr, but strongly feel now, there is something shifting within the company after the CA affect.
They want their dosh and their average is 9p so there's the first target. GLA"

Can I check whether CA's average is 9p? I thought I had read in the Half Yearly report that it was 6.6p and 11% of equity. Apologies if I have gotten it wrong. Still agree with the sentiment and do expect a significant movement once BoD response given, or CPR issuance.

Bit surprised we have not had any RNS yet following the damning half-year assessment from CA. I am just wondering whether this indicates whether when a RNS eventually lands (hopefully soon) this will be be more geared to the long game or short which seem to be suggestions from the BB (kind acknowledgements to Diver69, dflynch, RNSTranslator and so on). So for example is there an expectation for a knee-jerk reaction with CEO/Chairman resignations, Director purchases to address ignominy of only £60k holding. Or whether the BoD will continue to work on a longer-term game of sweating the single well at Lancaster and with the higher Brent Oil price pay off the CBs next year. It seems that with the delay to sidetrack / water inject Lancaster to next year that the risk of dilution here is decreasing or at least delayed with the BoD trying to work a distressed sell in the interim post CPR issuance. As a newbie I am just bit surprised whether the sp is and the continued radio silence.

Laying out a pedestal for someone to step off Monty-Pythonesque style. Who can resist the invitation?

There are obviously traders playing to their advantage but today's RNS was just saying that JP Morgan Securities had 0.64% voting rights in financial instruments (options, futures, swaps, forwards and any other derivative contracts relating to commodities that must be settled in cash or may be settled in cash) which they traded down to 0.58%.

At the same time they increased their voting rights through indirect ordinary shares (which most PIs have). Generally it is not cost-efficient for an investor to build a position in an issuer through holding a financial instruments. So when for example Options are converted into Ordinary Shares it can suggest a series of things:
(a) Looking to profit-take ~ REALLY do not think this will happen here given JP's avg price and the potential news-flow here
(b) Looking to increase voting rights ~ what potential vote could there be here?
(c) Connected partly to (b) is looking to accumulate further share is Equity

That's my two-cents worth, and oh look I have fallen off and shown my ignorance. Face-plant.
Added today but only have a small skin in the game as bit to volatile for me and too much day traders' positioning.

Obviously the idea that this was to panic the market to force a lower buy price by JP is laughable. However what I do wonder is if JP Morgan are looking to increase their voting rights, by this and other TR1s expected to follow, then what do they expect to be voting upon?

As others have pointed out JP Morgan have sold 0.6% of their voting rights in Financial Instruments to increase their voting rights through Ordinary Shares by 0.1%. It's a good sign and shows they want to increase their presence at the table. I suspect more TR1s to follow shortly.
Lots of day traders around. I would suggest looking at the CEO video and the Scheme details. This stock has been massively derisked from a few weeks ago. STAY STRONG!