Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Complaints are lower second half than 1st half of year ending 26 Feb 2022. See the post a couple above
Amigo business plan where you need a guarantor to get a loan is flawed. You need a guarantor because your credit rating is rubbish and you probably got ccjs and god knows what. The loans were huge with 50% apr run by someone with no scruples who pumped it up and floated it and made a fortune. It was badly run before the complaints
The second trading update told us what to expect regarding results. Updated complaints says it as it is. I can’t think what else they could be hiding. CMC are going for them as last man standing but it will depend on how many clients they pick up. Institutions always sell for their own reason (they sold down Thungela coal to £1 a share after split from Anglo and it is £13 now). But by all means enlighten us peaky as what you think it is
Is this the reason for the fall
Thanks not as bad as I expected. I agree must better to settle rather than go to fca
They said results in May in the trading update
You are absolutely right as even an update on complaints would be helpful.
The results are eagerly awaited and must be the end of the month. If digital can generate £4 million a year and rising then 50% of HCC profits can deal with the complaints over the next few years as they are not going away anytime soon imho
No problem buying
I am putting my money in ascendant which is more risky but more rewarding if it goes well
That is why I sit on the sidelines. The Portuguese government could find the money easily and as the asset grows so does the importance of the mine to Portugal.
Selling at any price
They will end up with 5% after the DFS. That 15% is the problem.
Spoke to my friend last night so have a better understanding of cost of complaints. Complaints cost £4 million first half (£2.7 million impairment and £1.3 million admin. They made a provision of £2.4 million for complaints at half year.
They received 8500 complaints for year ending Feb 2021 and we know it is a lot more for Feb 2022. Say 20000. If the complaints start dropping off in year ending 2023 they they will be ok. If they go up HCC will be run just to pay off complaints.
Provident set aside £50 million to pay off their HCC complaints which implies the total complaints would have been over £1 billion. The payout was 7p in the £1 or something like that. Morse are not as big and may have been better run but this shows the potential bill for Morse (even £100 million would do kill them off.
Not everyone will claim and hopefully the claims will fall but is this the reason they wanted to switch digital from HCC. I own shares as my hope is the CMC got the claims in before March 2022
I have followed this sector as a friend works in FCA dealing with it. Most have gone into administration or folded before the regulator caught up with them. Provident had to set up a scheme of arrangement for HCC and satsumas. Morse is one of the few left so the Digital offering will make a fortune unless HCC takes them under.
A lot of what Morse turn down ends up with the FCA and even if they win it still cost the FCA fee plus time and money. I think they will survive just.
Have Russian sanctions even started. August was the deadline. Sadly crazy Putin does not look like stopping anytime soon
I think we will lose our lose our money unless the war ends quickly. This share is not listed in Russia so directors can do what they like. Effing Putin needs shooting.
The directors were in my opinion going to steal the coal assets and give us shares we could not hold so I am not expecting any favours from the directors. I was holding 40 thousand shares but sold 35 thousand and put them in a coal company.
I class my 5000 shares as worthless along with 80000 shares in Gazprom. That is over £20000 down the drain. We can hope something will be salvaged but we are dealing with people in one of the most corrupt countries in the world.
I wouldn’t p-ss on Putin if he was on fire, in fact I would add some petrol.
The bad points are very wide discount and illiquid stock. Payback period unknown. Directors happy to draw their salaries with an investment trust that is way too small and not pay anything back to shareholders.The earn in partner has to raise cash to complete the DFS and based on the earn in partners market cap they market don’t think it can. The main project has 3 part owners which is not good for finance.
The company will receive notification then someone has to draft the RNS and then it is submitted. If you believe that nobody hears a whisper about the contained information then good for you but I believe good news spreads quickly