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Just to be clear The Manwhocan - nobody debated the punt mentality, guessing the bottom, the spread issue. What could not be accepted is this is Carillion at face value. If we have another accounting issue or suddenly it is not just the UK arm struggling you will be closer to the mark. My guess and that's all it is, the bad news is done. That said the next news maybe that the cost cutting strat. of 2018 doesnt work. As stated yesterday up and down like the proverbial .....speaking of which my Missus home soon!!!
Downbut...... interested to understand your strategy. If tomorrow it falls to your original entry price would you play the same deal again?
If it goes through and you dont sell before the conversion your shares will converted to NWF shares. They trade on the Australian stock market. Check your broker trades and you can sell as you see fit. I dont think the plan is to put nwf on AIM of list in the UK. I also think the deal will only go through when NWF raise more capital. So if this happens pre deal it will go through but you wont have the same upside as it will dilute their share price, if it happens post the switch it may fall once you have NWF shares. If you close your eyes for two years I am sure you will be better of with the success of the Diamond mine, this however wont be my play. Hope these ramblings make sense.
on the assumption this goes through. do you think we will have time to sell the shares or do you believe we will have no choice and have our shares converted to NWF shares?
Agreed. A likely bumpy ride over next few weeks. This is not another carillon. Taking away the accounting issue it's the UK arm which is suffering. I think this is 25% of the business. Even Capita group is not another carillon. What I think we should all be respectful of is the shareholders who have been in at �2 levels and even those who joined at the first drop. Tomorrow interesting day could be 5 percent higher or lower. Its that stage of the game!!
Why don't you hold off your comments on and simply say all things considered you wont be buying at these levels. Absolutely fine and I in part agree. I couldnt resist once I could buy at 50p (just under) and have taken a punt. I also agree in the manipulation of the sell price but that is not reserved for this share. Its irrelevant to my tactic on this share,but what interested me on this share (Sorry if mentioned) is the director sale of 2million shares in Nov. Good timing or what!
https://drillordrop.com/2018/03/06/government-seeks-to-strengthen-planning-case-for-onshore-oil-and-gas/amp/?__twitter_impression=true Long time holder and almost immune to the silence. This news like a small shot in the arm. My fear others will capitalise before us.
Thanks all. Missed that on last update. Date still remained of LSE financial diary, my mistake. I have been trading these shares but i am fearful of the results. Do you think they will provide a date for the forthcoming results or will they just appear one morning as an rns? If you think they will appear without a heads up I think I will stop day trading. Cant take the risk. This date I was using in error provided me with a target date to be out. oooops!!!
That is 40%. A little ambiguous re 25% not in public hands. Open to comments. Or is it many institutions with under 3%? Thoughts?
Shareholders who hold more than 3% Deutsche Balaton AG 13.78% Foradex Invest SRL 6.04% Creditforce Limited 5.31% UBS Deutschland 4.56% Directors & Management 10.70% % of shares not in public hands 24.48%
I totally agree that this may have been a condition of the sale, im sure others as well that dont require an rns. Slightly concerned with the volume today with this news? Does anyone know what % the main shareholders have, both BOD and institutions?
First RNS to make me think this is probably on. First purchase made to test the spread. All good. As suspected when going to add the spread is 0,25p. So will wait to add again today. As it is up to another two weeks before decision will have time to get in again I think!
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