PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Clearly a false market has been manipulated here. Don't hold your breath waiting for the FCA to investigate.
But no RNS about a bid. Clearly insider trading.
Schroders might have a go now they are abandoning their dual share structure. See today's RNS. A coincidence Dr Watson?
What is the reason for ZYT to be a public company. Small turnover, small market cap. Directors should take it private IMHO.
Down unless BoD start managing the nuts and bolts of the business rather than indulging in M and A. Today's RNS was all about decline in their operations but of course backed up by usual corporate waffle excuses.
As I understand the RNS, the in specie Woodside share distribution would be subject to income tax (and presumably the NHI surcharge) at one's marginal rate based on the value of Woodside's shares on the distribution date.
For CGT purposes it seems that one will create a new base cost for the Woodside shares equivalent to the para above, but there would be no downward adjustment to one's existing BHP base cost as a counterbalance.
Are there other interpretations.
The big deal is that every RNS contains news that something has gone wrong. So after a time which has now been reached, management loses credibility.
It is ever amazing that Directors sale and leaseback properties, which is something they would never do to their own properties in their private lives.
Just storing up problems for the future: just look at the supermarkets who are now stuck in leases with too bigger sites for today's needs. Car dealerships will probably go the same way but hey the current Directors will not be around to sort the mess out.
At a guess this is a popular and as AIM shares go a fairly liquid one. So in the rush for the exits, SOM is sold off by the City teenage scribblers as most AIM shares are illiquid.
There is no legally binding offer on the table. NAS is in a bind, because if it does want to reduce its 608p bid, it will have to get the approval of the Takeover Panel. Alternatively it can walk away and wait 6 months before having another go.
The balance sheet seems robust enough with little or no debt. Auto business will probably take a hit as fuel price forces a cut in car usage, but on the other hand more punters might take to bikes. Who knows, none of this might matter in the grand scheme of things, very sadly.
Methinks this is the longest RNS that I have ever seen. Conclusion is that the small print holds all sorts of nasties. Ironically in the notes to the accounts (the real ones, not the adjusted ones), every one is headed up 'keep it simple'. You have to laugh.