Member Info for Rollo_Tomazzi

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.

Merry Christmas and a Happy, Healthy and (hopefully) prosperous 2023 to all JOG holders.

I'll stick with my view of 6 Dec. "I believe there is very little chance of a deal before Christmas. ........and the wording of the RNS more or less told us the deal would be in Q1." Would be great to be proved wrong.

Let's hope we haven't got too long to wait.

I think I recall seeing that it was 35.2 million shares including options so for £300m that works out at circa £8.50 per share. I suspect AB wouldn't even think about anything less than £10 per share.

Abatt1 - Yes, AB would need to be convinced and I suspect he'd expect more than £250 - £300m to do that.

Jeremy is in Edinburgh today and will be launching the government’s long-awaited plan to overhaul City rules after Brexit, so in terms of timing it will need to work around that.