Open Offer and Placing
One share for every 10.754 held @ 140p
Open Offer Entitlements credited_________________________9 October 2019
latest time for withdrawal of offer entitlements___4.30 p.m. on 17 October 2019
latest time for depositing Open Offer ___________3.00 p.m. on 18 October 2019
Payment_________________________________11.00 a.m. on 22 October 2019
Read prospectus for details
The trades were based on London Stock Exchange official deal listing. But are excluded from some other listings.
These are probably a form of roller-over. Shares bought on credit which are sold and instantly bought back, (same date time stamp), probably again on credit. Being almost perfect matches the cost is covered elsewhere. Each pair having same price for a particular day is note worthy plus the scale of the dealing.
TODAY Mystery of NPFT Trades deepens
Mystery Trades sixteen trades all priced at 866p today but grouped as 8 matching pairs (lot size and value) each pair being having same date time stamp.
NPFT 16 Trades were 182,000 shares value at £1,579,584
6 Other trades were 15,578 shares valued at £135,496
Non Price Forming Trades aka NPFT dominated trading today were valued at £1,579,584
-- Group net revenue growth of 11%
-- Adjusted profit before tax up 14% to GBP17.2m
-- Adjusted diluted earnings per share increased by 7% to 15.2p
-- Net cashflow inflow from operation increased to GBP19.3m (2018: GBP7.7m)
-- Strong balance sheet with net debt of GBP3.6m (2018: GBP25.6m)
-- Significant client wins including M&S, O2 and Purplebricks
-- Acquisition of Health Unlimited, a NY based healthcare agency, for M Booth
-- Confident of meeting market expectations and return to high single digit organic growth in the next financial year
Interim dividend up 15.7% from 2.16p to 2.5p per share
15.7% increase on the interim dividend for last year.Paid on 22 Nov XD 25 Oct 2019.
Health Unlimited is a global health consultancy and communications agency.
The initial consideration for the acquisition is approximately $27.7 million,
Four similar trades keep appearing after the bell (At the end of the day). They are tagged Non Price Forming Trades aka NFPT. Each day they have the same lot size, price and value.
But each day is different:-
Last Week lot sizes were Mon 2,700, Tue 1,600,; Wed 2,900 ; Thu 200 ; Fri 300
This week Mon 1,100 … total value £38,708 and by my count buys
They can form a good part of the day’s volume (25% today)
This has been happening at least since 13 September. I haven't the vaguest idea what this is all about. ANY IDEAS ???
OILQ tagged trades at 137.50p on Friday, were part of a sort of secondary disposal program where MM sales team sells "Offers in Large Quantities " to buyers on his phone call list. It breaks down a large holding into smaller lots. Eleven deals tagged OILQ for 22,822 shares or £31,380 accounted for roughly a quarter of deals done on Friday. A single trade of 100,000 shares was tagged on Thursday. IMHO Large holders were adjusting their holdings after the Interims. Discounted price held back the share price but at least those shares were sold and do not overhang the market.
Deadline, set in the Interims 18th September, is almost here. What next ???
-- The formal sale process which we announced on 24 July 2019 remains ongoing. The Company recently held management presentations with a number of interested parties and is expected to receive feedback by the end of September 2019.
The Saudi Arabian Oil Co. is in emergency talks with equipment makers and service providers, offering to pay premium rates for parts and repair work as it attempts a speedy recovery from missile attacks on its largest oil-processing facilities, Saudi officials and oil contractors said.
Last two days, in a VIP market (mainly super sized deals), some 1.1 million shares changed hands with the average price over both days of 797 (816 on Wed ; 778 Thurs).
If each deal was a discrete buy or sell then approximately 2% of companies shares changed hands. Make of it what you will.
The formal sale process which we announced on 24 July 2019 remains ongoing. The Company recently held management presentations with a number of interested parties and is expected to receive feedback by the end of September 2019.
Wood Group wins six-year deal with Saudi Aramco
"Wood Group has been awarded an offshore maintain potential programme contract by Saudi Aramco for greenfield and brownfield engineering services, procurement, and construction management support for new facilities in the Arabian Gulf.
The six-year contract, which includes options for two three-year renewals, includes the establishment of an offshore engineering centre of excellence in Al Khobar, Saudi Arabia, the company said in the press release."
Source Posted on June 18, 2015
Market reaction to the “For Sale” for the period this year before and after has been:-
Prices have steadied in narrower and higher range
Whilst Daily Trading Volumes have been reduced
Keep Calm and await events has been the routine in the 37 Trading days since 24th July. The big question is what will happen in the next 2 days before and on the day of the Interims 18th Sep 2019 ???
Interim on first reading looks good, quick synopsis
Revenue up from $388.6m to $425.4m
Operating profit up from $109.7m to $161.9m, fully diluted EPS at $0.11.
High levels of profitability with Adjusted EBITDA margin at 55.4%.
Dividend 4,4 cents XD 12 Sept Paid 11 Oct 2019
“Important strategic milestone in first half of 2019 … release of direct-to-consumer and carrier-based IoT solutions ( products will protect users' entire digital lives) .
Expect like-for-like FY2019 revenue growth at the upper end of stated high single-digit percent range."
Closing Price set at Closing Auction
Date Time 16:35:21 30-Jul-2019 1,110.00 shares 124 for £1,376 an Uncrossing Trade
Best trade of the day was
Date Time 14:31:07 30-Jul-2019 1,060.00 shares 10,000 for £106,000
Day Closed at a PRICE NOT achieved in any of the 36 trades in the day which is unusual
Pretty Fancy Strong Tip from Seeking Alpha
Published an hour ago
Conspiracy theory suggests that it is a build up of an large investment rather than a trading position. Information for the OTC side is Kazak based foreign nationals. Canadians or similar who are connected to Calgary based company associated with Smart engineering report is one idea. Another is Korea who have nationals working for CASP, working in the area, working for Korean investors, or even those in targeted refinery. Those are just two ideas.
If it is an investment position it would be less volatile than a traders position. Adding stability and support to the share price. Hopefully if based on local expats it could add a knowledgeable holding with a partner in UK.