Hi kernowlad, know what you mean and yes it has always been volatile, I have been in this for years and so far I have a nice profit, but looking at its performance lately, I might be joining you and when/if we get a nice rise then I might be out as well for a bit.
Seaking1, I'm not sure about the lawsuit, that has been in the public domain now for some weeks now and my take on it, it wasn't a pending lawsuit as they didn't know when the announcement made whether it would go that far or not?? I'm surprised with the drop today as I thought the 1st day in the FTSE250 might have been more positive - see how the day progresses.
Hi Weathergeek, not d2p has not been proven to be effective against viruses...yet!!
This is a quote from an announcement a few weeks back:-
"Symphony has initiated tests by an independent laboratory to determine whether they are also effective against viruses, and tests will be run on the COVID-19 virus as soon as a specimen becomes available. However, it should be noted that until such tests have been completed and verified, there can be no guarantee that Symphony's d2p technology will be an effective barrier to the COVID-19 virus".
RE: From Malaysia with love. *(007 ? No it's d2p. LOL)* ?11 May 2020 17:44
That is correct, but I suppose they have created this extra service to new and existing customers in light of the current situation. Sounds like it could be a good move if they manage to get enough takers for the service to get companies back up and safely operational.
RE: From Malaysia with love. *(007 ? No it's d2p. LOL)* ?11 May 2020 12:52
Hi Mr Bond - not sure about the Hong Kong announcement but a UK based Company announced a similar service on Friday and the shares have rocketed since. Filta Group (FLTA) have announced a COVID service to companies which sprays some chemicals on surfaces that protects for up to 30 days.!
How do you know they knew about this issue in March, there is nothing in that statement that states when they became aware of it only that it has been found out subsequent to year end and since they have not had time to fully investigate due to the " very recent timing of this issue being identified"; I wouldn't say it was day/weeks ago, but that is my view?
The results were not due out in March anyway they were originally to be announced on 23.04.2020 and then moved to today! Surely RNS/results would have to be checked by the companies solicitor before release anyway - but as you say you've messaged the FCA so I'm sure they will look into your concerns and you will be selling out soon enough.
MDJM, the notice reads:- "Subsequent to year end the Group identified an issue regarding an aspect of certain process development work performed on behalf of a customer in 2018 and 2019 which potentially could give rise to a material claim against the Group. The Group has been in communication with the third party but is not yet in a position to verify or validate any information relating to this matter due to the very recent timing of this issue being identified."
It does not state the customer [third party] came to OXB in 2018, it states OXB have identified; SUBSEQUENT to year end a possible problem and contacted the customer [third party].
Therefore I read into that they have found a possible problem this year [very recent] that happened in 2018/2019 and informed the customer of the issue [the customer may not wish their details to be published at this time?] - that is my take on the issue and I agree with you that if the issue had been identified in 2018/2019 then they should have made an announcement at that time, but that is not how the announcement is worded?
I agree with Dogwalker...why upset about selling out at a big loss...you made the decision to sell..nobody else...OXB have informed shareholders of a POSSIBLE claim against the company which I suppose had to made public...directors are not allowed to purchase shares 2 months prior to interim/final results or 1 month prior to quarterly announcements...so I suppose the CFO hasn’t done anything wrong...he may have been wanting to purchase shares anyway. ? You would have been complaining if they hadn’t made the announcement and you had purchased shares...so damned if you do..damned if you don’t!!!!
@Lambcurry this it was they said "Aviva plc ("Aviva") today announces that the Board of Directors has agreed to withdraw its recommendation to pay the 2019 final dividend to ordinary shareholders in June 2020. The Board fully recognises the importance of cash dividends to all of our ordinary shareholders, and expects to reconsider any distributions to ordinary shareholders in the fourth quarter of 2020" - they have withdrawn the 2019 final dividend and will not be paying an interim dividend [that's how I read it] and will only make any decisions in Q4 what/if they might pay.
@Lambcurry this it was they said "Aviva plc ("Aviva") today announces that the Board of Directors has agreed to withdraw its recommendation to pay the 2019 final dividend to ordinary shareholders in June 2020. The Board fully recognises the importance of cash dividends to all of our ordinary shareholders, and expects to reconsider any distributions to ordinary shareholders in the fourth quarter of 2020" - they have withdrawn the 2019 final dividend and will not be paying an interim dividend [that's how I read it anyway]and will only make any decisions in Q4 as to what/if they will pay anything for 2020.