Member Info for ocelot

total debt load of more than $9 billion - ouch!

Looks as if Priti Patel is doing her best to get coronavirus off the front page in this country:

just listened to Sir Philip Rutnam's statement to the media on the BBC's web site, ... Wow!

Current market cap: £3.4m

Investment in HHDL in the accounts at 30/11/18 (shares + associated loan, p40 of annual report): £5.43m

I suspect the share price will continue to slide for at least the first half of the year
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Agree with a lot of what you said, poortrader, but not with this: favourable news from HH &/or Balcombe could shift the share price up a gear or two or three.

I've lost track of the number of times the markets have anticipated the end of the world while I've been following them.

Think there could well be an RNS on Monday morning, the next Riverfort conversion of shares.

Investor Question dated today:

An eagle eyed board poster has noticed that Angus FD is a director of The Orwell Group Limited. That entitys other director is Paul Forrest, who happens to be the sole director of Forum Energy Services Limited, which is the majority owner of Angus counterparty on Saltfleetby, Saltfleetby Energy. Do these arrangements present any conflicts or confidentiality concerns and should they be disclosed more clearly to investors ?

3m share buy was at 0.69p at 16:33

Fair point, Ja51.

Don't know if you're still filtering LancashireLife, but his post was to say yours was "a good spot" and definitely merits a question.

IN fact, xx49,770 was the key figure.

Is that the last of Riverfort's current conversion sells: a trade for 6,149,770 shares went through at 16:06, the 770 figure being the key one.

Doesn't look as if we're going to see the CPR this month, but, hopefully, it's not far away now.

Why not wait until 4.35pm before scratching it? :-)

Carlos Fernandes's appointment to The Orwell Group is given as 20/09/19, so quite recent and post the Saltfleetby deal.

Investor Questions are there if you wish to put a question to management on the subject.

To avoid pushing up the price by buying 11 in one trade?

5-6 March, Hawkey, so opens next Thursday.

... management expect adjusted profit before tax for the 53 weeks ended 3 October 2020 will be materially below the bottom end of the current range of market expectations(1) .
(1) The current range of market expectations for adjusted profit before tax for the 53 weeks ended 3 October 2020 is GBP13.5m to GBP14.5m (from yesterday's RNS).

If we take "material" to mean 10% or more, Liberum may have been ultra prudent in forecasting profits 48% below the bottom end of the current range of forecasts.

"Topps Tiles has blamed a surprise profit warning on weak consumer spending in the home improvement sector.

The tile and flooring group, which until now had shrugged off jitters around Brexit and political uncertainty, said that like-for-like sales had fallen by 5.5% since the start of the year ...

The business is run by Rob Parker, who said that official figures for the repairs, maintenance and improvement market had shown a decline of 4% for the past 7 months. He said that while Topps was doing better at converting shop visits into sales, footfall was down by 8% since the start of the year ...

Analysts at Liberum halved their profit forecast from £13.5m to £7m and changed their recommendation from a 'buy' to a 'hold' in the aftermath of yesterday's profit warning".

Barkindo said the OPEC+ partnership has proved effective in balancing world crude markets since it was founded in late 2016, and will do so again.

The group “is a tested and proven market mechanism that restored the oil markets to stability in the last three years,” he said. “This framework will be applied in addressing the current volatility in the oil markets.”

... Oil prices may in any case be on track to rebound because the losses have been excessive, Barkindo (OPEC Sec-Gen) said.

“Looking at the broader macroeconomic picture, it’s clear that there is an over-reaction” with “energy assets in general being under-priced,” he said.

https://www.bloomberg.com/news/articles/2020-02-27/opec-showing-renewed-commitment-to-reach-accord-sec-gen-says?cmpid=BBD022820_OEU&utm_medium=email&utm_source=newsletter&utm_term=200228&utm_campaign=openeurope

Couple of late trades lifted the day's volume over 5m shares.