Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
totally agree that this company has amazing potential but I did sell out a few days ago and have invested in oil (PMO,TLW and PFC) just for short term with the full intention of coming back here in just a few weeks. I do think your money is safer here for LTH and normally would not move my money about but as some say COVID is an opportunity and some sectors will fly in the short term. GLA - you will all do well here IMO DYOR
Correct on cannot fine as no charges but a settlement can be agreed (with no liability/ admission of guilt). However I still believe that they may draw a line under this as there is at present bigger priorities - COVID/ brexit/ economy and politically they will want this to fade away - all imo but dyor
I suspect 5.10 as day traders will sell and focus elsewhere and no new news coming here soon so will only move slightly from now on but with dividend should be slightly up
Here’s my simple view - sentence on Thursday gives sfo opportunity to draw a line under the whole event as a successful conviction. PFC like lots of companies hit hard by COVID; downturn etc. have tightened their belt due to SFO investigation and as a result - no action/ small fine. A Tory supporting company during COVID giving lots of money to HMT will not be in any ones interest to cripple/ make look too bad and will be sold and as a success story by SFO who need one! Win for all and share goes up- simple really ( and I am a civil servant and know how their mind works)
In both -mcro and Pfc - my main holdings. Pfc is at nearly all time lows and have had a lot of new orders recently. Sentencing is Thursday as person has pleaded guilty but no current bid implicated. SFO may close investigation after case as limited evidence against the company- 4 years of trying and no charge yet!
Petrofac is good option - Pfc- does energy work not just oil so wind farms as well. Are being investigated by sfo for 4 years but sentencing this Thursday for former board member has depressed the price. Have been in here as well but is a risk at present. Gl with what you decide and dyor - I may come back in here once rbl sorted out!
532 p at close . Div reinstatement and huge cash regeneration means that there are no risks and no debt to worry about until 2024. This is during COVID and sales will hopefully increase once business as usual comes back and cyber security is a must
Everyone I sold all my share so not an investor at present but in PFC and tlw at present. Will buy back in here around mid March as see high potential but am missing opportunities elsewhere by holding. Bought mcro - results out in two days and there are shares going up at present. Take care gla and dyor
My average is 118 and I can’t believe this is not higher just on fundamentals- how any share can drop 70p on a sfo News when it is old news beggars belief! Indeed I am of the strong opinion a small slap on wrist at max is likely outcome as now is not the time to risk job losses or companies futures with bexit/ Covid etc. Guaranteed winner but dyor!!
All - just wanted to say as an investor who looked at huge losses for a long time (aver. 420- was 480at one stage) just happy to be up and Looking forward to a rerate soon and like all LTH reward for trusting and believing in the company GLA
Yes - no surprise with end so will end day basically the same imo. It will drop and then come back as this is easy money for day traders as not the ‘good news’ people wanted so will drop and people pay if and sell but then fundamentals will take it back up - actually end imo is positive as it is well considered and gives clear direction of travel
Debt of company
Net debt (6) was US$272 million as at 30 November 2020 (30 June 2020: US$29 million net debt) reflecting the expected working capital outflow and lower proceeds from the disposal of the Group's remaining interest in its Mexico assets. Liquidity was approximately US$1.0 billion at 30 November 2020 (7) (30 June 2020: US$1.2 billion). Year to date, the Group has secured US$250 million in additional liquidity, including a US$50 million three-year term loan in November, and we are in discussions with lenders to complete the exercise to pre-fund 2021 maturities.
Can we please have some realism. Go back a month/ 6 months/ year and look at sp and virtually any oiler and show me one that has performed worse than this share! I hope the app rises and LTH get money back or make a profit but this is huge risk even with the latest news which does give more breathing space. If sp gets to over 4p it will only be where it was last month after a great piece of news- think about it! GLA
Everyone is entitled to their opinion. I invested in HUR and lost about 20% despite a 5.5 average. I chose to take the hit and reinvested in other Oiler’s more - tlw, pmo, rdsb to be specific and have got the money back and now breaking even on all my investments. You can roll the dice or go for safer bets - it is a choice and we all know how hard it is to sell at a loss but it can be a wise move. Hope it all works out for LTH -
personally I have no trust in this company at all due to some hard lessons over the last 8 months
Is that it snapped now? Very strange today as most oilers slightly down. I hope this is the start of the rise.......before the guaranteed approval in vote
So our share price will only marginally go up? Please do tell me I am missing something important?
I just wanted some advice as I am investor and do read this board. Rookie and others had valuation of newco and I just wished to ask if my figures are out (back of fag pack). Harbour energy has value of £3.2B, tax credits at 20% are worth £0.8B, PMO itself is with say real value of £0.25B to give a total value of £4.25B which 5% of is roughly £210m- am I missing something?