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Funny......you turn your back for 2 secs and out pops the rns, not the one I was hoping for "Dev clever are pleased to announce the finalisation of the prospectus and the fca have agreed it so the shares will be trading again from Monday" but I suppose the rns we did get was very encouraging regarding business and future prospects. I would just like the opportunity to buy more or sell the bloody shares now!!!!
"obviously not selling as well as they expected"........not necessarily the right conclusion I think. Flash sales are used by many top companies and brands as a marketing tool to stimulate "first time" use of a product with the aim of "hooked" repeat clients. Market share and market penetrative are also other aims. I hope we have a "marketeer" reading who can give their professional insight on marketing strategy.
It is, IMHO, not a negative sign!
I still don't understand why the payment is dependant on court outcome, one way or the other. Dhsc owe the money even if "in law" the gov should not have done things the way they did. I don't believe for one minute Flowflex weren't paid their billions for ctda except lfts!!
I emailed the company for an update or any suggestion as when it will be finalised and got no reply. We are all just in "limbo land" waiting with no comms from company. A little RNS to say the fca are dragging their feet or "dotting the i's and crossing the t's" and likely early May would be nice. Been tied up tooooo long now
Just love this line from DHSC Permanent Secretary "The DHSC permanent secretary Sir Chris Wormald said the level of suspected fraud was no higher than with other government contracts." !!!!!!
Well that's a relief, as long as its "No higher". Thought we were being fleeced for a minute but as long as its "normal" that's OK! Ha ha
https://careappointments.com/care-news/england/178697/government-fraud-investigators-probe-over-176-ppe-contracts-worth-3-9-billion-mps-told/
.....and a 9% drop on 100,00 share BUYS ? Doesn't make any sense but then again when did it ever? Is that spread figure correct 22% or do I need to get my glasses!!!
John389: http://www.sareum.com/news/press-releases-and-news/2019/sareum-notes-sierra-q2-results/
The December RNS said the prospectus is being worked on and "this process is at an advanced stage." . How advanced could that have been as three months later (suspended) , no RNS update and no prospectus? I'm confident all will be good but believe the company should , AT LEAST, update us with approximate time line.
Worked a treat the consolidation! I see Insituations are falling over themselves to buy and the sp is climbing to new height (sarcasm) yes, don't tell me.....patience, meanwhile I sit looking at the paperloss since consolidation and the dismal sp prior to consolidation.
Regulator: I agree with you on CD4, has a future but my investment was due to a £374 million contract in the middle of a pandemic, CD4 would be the cherry. Instead of that I've actually invested in a BOD who do not seem accou table, spent money on expanding Alva, pursuing lft but not doing due diligence or having the ability to read while at the same time sucking the life blood out of the company with salaries not commensurate with the performance of the company. This latest RNS beggers belief!!!!
IMHO stopping the placing, open offer and directors entitlements was imperative. The BOD spent £8 million (?) On ALVA and got SF All back and then want more money! PLEASE!!! They will have to WORK on the issues with no money unless they would like to chip in. How much have they got in the company? Exactly!!!! Bugger all, probably less than the losses being carried by many shareholders.
Ranting, yes a little!
Regulator: My message to you yesterday "Just in jest....." following this RNS I'm not jesting anymore, guns or rockets, hell I'll drive up the A10 this afternoon and do it myself!!!!
Where do the BOD come from, Primary school......and HOW much do ODX pay them? I think time for a egm and kick them out. "Who will replace them? What will happen to the company" , I hear pi's asking. Does it really matter? The company would save 000's, what is the BOD combined salary? In the RNS they are saying "3rd party data", did no-one think to check anything? Was it the same people who "didn't check the dhsc non-supply contract?
I know it's AIM but FCA or police fraud squad need to come in......a broad daylight robbery has and is taking place!
Regulator: in jest. You have access to guns, you are local to Ely, you know where ODX are, if you don't have a rocket could you use the guns!!!???? This BOD need something, apart from massive pay cuts.
As an aside have the CTDA people gone to the Ukraine or have any UK lfts been approved yet???
Before a get a barrage of "ODX sold out of LFT business", let it go and dry your eyes, it's purely an interest as its all gone very very quiet on the approval front.
"The key objective was to help improve Sareum’s attractiveness to institutional investors"
So where are these investors while MM and PH play games with the sp or as suggested it is pi's doing a daily cycle of rinse and repeat?
BTW is it easier to manipulate sp if it is in the pennies or pounds, if there are millions and millions or less by the ratio 1:50....just a thought
So far consolidation has been bloody awful and the drop in sp tragic,,,,,,but patience!
If my reading is correct the UAE said it supported increased production but NOT that has or will.
OPEC voted to NOT increase......mind you it was enough to shave the oil price....tomorrow is another day and HUR still in a much better place than it was and should get better going forward IMHO
Mirosol: Reason for asking what price BP pay, I read somewhere it's not today's price per barrel but some formula, was simply to see how much extra revenue there would be due to the surge in oil price.
An extra $20-30 per barrel would equate to a hefty revenue increase for the next shipment if BP are actually paying Hur current market price?
Can any of you "knowledgeable" holders simplify the price BP pay for oil to Hur . Is there a rough, no frills, crude (excuse pun), simple way of guesstimating the shipment value? Something simpler than the info below!!
From the AIM admission document:
'The price which BP pays Hurricane for the oil it buys under the BP Contract is dependant upon the price at which BP sells such oil to third parties including a profit sharing factor for Hurricane, based on such sale price. As such, BP’s payment to Hurricane is calculated by taking (i) the average of all the high and low quotations on Platts Crude Oil Marketwire for Dated Brent during the first five days of the Bill of Lading month (subject to BP’s election to adopt such average from a period at the end of a month); plus (ii) the differential to Dated Brent in BP’s on-sale price to third party offtakers FOB at the delivery point (or, if delivery terms are not FOB at the delivery point, then the differential is netted back to BP at a level that reasonably reflects a FOB delivery point differential to Dated Brent using the actual figures); less (iii) a marketing fee. The marketing fee consists of a fixed fee element (US$0.30 per barrel up to 15 million barrels marketed and US$0.15 per barrel where over 15 million barrels are marketed) and the above mentioned profit share element (calculated as 25 percent of the difference between the on-sale differential and an agreed benchmark value based on the oil’s expected market value).' Https://www.hurricaneenergy.com/investors/aim-rule-26
Easyp: Agree. Its only due to the robbers (previous bod) that the is any "rising from the ashes" necessary. Had the BOD been honest then the sp would have already been MUCH much higher than it is now. Great to see the sp up and continuing to s l o w l y increase but look back at where the sp once was! Hur still very much undervalued.
I still don't know how/why the FCA or even police did not act...we were all watching a robbery taking place in broad daylight and I for one would like my £ 1 or flesh in compensation (yes, I realise the phrase is "pound (lb) of...)
Sad that a war is the only way of getting our SP to where it should be. Vastly undervalued and a way to go for true value.
BTW, the new price per barrel, is it right this will add £5-10 million to next shipment or maybe more?
Kookaburra Mayo: I agree, something is going on which we are prive to the details of and yes, HNWI are here for good reason. Yes, this can fly on the back of an Rns etc.
I think Mayo, maybe like me, is currently (in the putinonomic FTSE free fall climate) a LNWI and just looking for some "blue" on the screen in amongst all the red !
Patience.