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I haven't seen our village idiot recently, but on behalf of the residents I'll decline the offer to make contact.
It's disappointing the board chose to wait till 31st March to issue the RNS. Could have spared some anguish if issued earlier. Presumably they were hoping/expecting the government to announce Windfall Tax floor, which means we could be in the same position if nothing is announced at the end of April.
Whilst I am confident that the government have consulted with stakeholders, I suspect Sunak/Hunt will not be impressed if an announcement is made on Thursday morning prior to Energy Day using what could be described as inside info. Happy to be proved wrong.
For those of you without access to the FT article, the attached link may be helpful:
https://www.bbc.co.uk/news/business-65077495
Personally, I wouldn't be surprised if we see no RNS this coming week. Positive news on Thursday could leave JOG in the position that details could be finalised within days and attempting to issue some form of update on Friday may create short term confusion and would be pointless when the "real thing" could be announced as quickly as early the following week. Whilst the JOG board may receive some wrath at this approach, they may take the view the measured risk outweighs this.
Surety - announcement won’t be Thursday morning, as pre-empts what ever Hunt will announce. Friday morning maybe to quick for dotting i’s and crossing t’s. Look forward to following week!
This could be good news. Little point in checking for RNS’s till the end of the week. Probably going to be April now.
Interested parties may receive a heads up but unless any announcement comes very quickly I think there will be a RNS advising that whilst talks are progressing positively there will be a delay until end of April. IMHO.
Agree. The wording of the November RNS surely means a RNS is required either way by the end of March and applying the same approach no RNS to date should mean discussions etc are ongoing.
Whilst I'm not sure I'd use the phrase "fancy accounting" Harbour have definitely presented their accounts in a specific way to support their CEO's anti-EFL agenda. Not sure how beneficial this will be as it's a bit "obvious" to my mind. At the post accounts briefing and Q&A yesterday morning did Harbour specifically say that they would not be investing in the UK? I saw a reference but wasn't sure whether or not this was true and thus ruling themselves out on JOG?
Turning to JOG, whilst I didn't previously think that news would wait till after the Budget, once we got into March then there would be no news till after the 15th. Personally, I don't think Jeremy will announce any negative news on EFL or incentives and given his comments in December that he would make no immediate change to the EFL floor but would reflect on industry concerns may take this opportunity to introduce a floor.
I use Hargreaves Lansdown and usually my trades appear but sometimes not so not sure what the system is for those brokers.
I think there are circa 3.5m share options outstanding so presumably Directors and managers are still entitled to these if they wish. The most recent share options which totalled 590k were to AB and the 2 ex-Ithaca folk and were at 230p so higher than current price.
Trendz - You're not the only one!
JS - If this runs through till well into March before we get news then I think you may have been a bit rash suggesting this would not fall to the levels that spacetec indicated that they would buy in. Let's hope for some news very soon.
Well, I'm 100% with Greener 101 and I'm continuing to hold to the bitter end.
In fairness to AB he gave us a good pointer in the last RNS using "management speak" to tell us he wasn't expecting any news in December and we are now just over halfway through the revised target period. Like, presumably, everyone else on here I'd like some positive news sooner rather than later, but the negotiations are clearly complex and we don't even know how many parties are involved.
Patience is a virtue, so they say, but hard work sometimes.
The share turnover continues to be low and yet the MMs mark the price down at every opportunity. I fear this will continue particularly as we move into March.
£1.2m loss over 6 months does suggest that costs have been controlled well but I would imagine costs would increase again as the deal (whatever form that takes) gets closer eg legal costs and as the cash balance reduces JOGs negotiating power reduces.
A number of these "sells" have actually been "buys", including, I believe JS's trade. A continuing pattern. The share price is dropping because MM's are trying to generate activity
Trendz - not sure what a change of strategy would be later this year as surely we would be getting low on cash by then.
After all the years of working on this I can’t imagine they will be finalising it after hours on a Friday or weekend. This will probably be approved during the week for release. Of course, could be completely wrong.
I’d be surprised if the type of RNS we were awaiting arrived on a Monday morning.
I'm currently sticking with my view that we'll have news in January, though acknowledge that the days are ticking by, on the basis that the Board must have had some substance behind the RNS issued at the end of November. Tend to agree with MPO818 is that AB can't let this drag on too long as JOG will run short of money. I do wonder if the longer this takes does the likelihood of a t/o increase?
I'd agree that the share price rapidly drifts on low volume but that is presumably the way MM's operate with a relatively small number of shares in circulation. Possibly a few holders were banking on an end date in December and are selling a few to fund Christmas etc. The last RNS gave us a very strong pointer that it would not be finalised until Q1 and realistically it's very unlikely anything will happen in the first few days of the New Year. W/c 09/01 is when everything returns to normality. DU suggested 12/01 for a RNS and I tend to think that is the earliest realistic date. It may just be a question of getting BoD approval. Personally, I'd like to think that if the bulk of the work was in place before Christmas that this shouldn't run through too long in Q1 and I hope something will be heard by the end of January. Patience is required. AIMHO.