Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
MO has huge > 7m options, awarded last year, back dated to 2022 and excersiable from few months time.
He has the incentive to talk up the company.
Look at the conditions attached to his huge 7m options:
"The LTIP has been designed to reward, incentivise and retainMr Khan to deliver sustainable growth for shareholders. The deemed date of award is 24 February 2022, which is the dateMr Khan was appointed CEO. Under the LTIP,Mr Khan has been awarded 7,227,273 nominal cost long term incentive options ("LTIP Options " ) over ordinary shares of £0.001 each in the Company.
Vesting of the LTIP Options is conditional upon a three-year total shareholder return ("TSR") performance against an initial 11p reference price. A portion of the LTIP Options will vest on the third anniversary of the date of award subject to the achievement of a minimum 10% CAGR TSR performance increasing on a straight-line basis to vesting in full subject to the achievement of a 22.5% CAGR TSR performance.
The award of the LTIP Options is also subject to continued employment, malus and clawback provisions and will vest in full on a takeover of the Company."
https://polaris.brighterir.com/public/hvivo/news/rns/story/x21q5mw/export
Don't forget the investor meet presentation at 6pm.
I'm expecting MO will be bullish with vast majority of the presentation similar to the last one.
Let's see if he has anything new to add. Any contracts, given we're already in Q2?
They don't mention cash as of 31st March, ie Q1 end.
Given they do mention other post period highlights, I think they should have mentioned the current cash position. Now the new facility is up and running then it would have been useful to see if cash has declined.
All they say is
"Strong cash position underpins the Group's M&A strategy"
DT's buy the other day was well timed. He obviously wants to delist.
If this gets to the vote then why would DT want to remain listed?
It'll be reputational damage to him if he doesn't go through with a delisting.
Unless of course, DT, put the statement out to entice bidders. Then he would be in profit with his recent buying.
Not surprising.
PIs buying few hundred quids worth, hoping a white knight appears before the vote to delist.
If this goes to the vote then it's delist or administration.
Id10t
"Thanks for the reply, but they have floated the idea of a purchase for several years now."
Exactly. They also used to talk about DiM suggesting it to be a hidden gem. What's happened to that?
Questionable history.
Sam4224,
"Really thought this would rise after such excellent results."
Not really. It depends on expectations.
Shares would have gone higher if they beat expectations. Likewise if the market was expecting poor results then good results would result in a higher price.
Majority of what's in the rns was already expected.
As per my previous post, the figures were known. The outlook was also known and was going to be bullish.
All known and predicted.
Several hindsight posters out this morning.
BodRuncie,
"But the biggest indicator of the company's value and future prospects is a section without bottom-line numbers attached to it. "
The Chairman/Founder would know all that.
Yet he dumped majority of his holding at 28p in a discounted secondary placing.
Look at the current sp... as predicted.
From their cancellation rns.
"that it is no longer financially viable for Byotrol to continue to trade as an AIM quoted business."
Therefore, if the vote goes against them, ie the company remains listed then, according to the BoD, the company is no longer financially viable to continue as an AIM quoted business.
Unless a white knight appears with a strategic investment.
Lukehere,
"All this talk of administration is wishful thinking by those seeking a rock bottom entry point."
Not at all. If this goes to the vote then I believe it'll be delist or administration. If the company stays listed then I'd expect the BoD to be voted off.
I don't think the current BoD would want a new majority owner who then sacks them. It'll save face by going into administration.
Next few days will be interesting.
I see Newlands have decided they don't want to continue to hold in a delisted company. If any shareholders had a good opportunity to stop the delisting it was the Newlands.
Look at the dates/events timing.
HVO talked up.
CF. Chairman sells majority of his holding soon after the company is talked up and before the fy results.
New IPO today. Before HVO fy results. Looks like CF clearly wanted to raise funds for the new venture as well as persuade current hvo holders to join him.
I don't think that's a coincidence.
CF dumping majority of his holding before the fy results is a red flag.
I expect the outlook will still be talked up.
As per my post of 6th March, I expect an nominal dividend nearer to 0.1p. Hallsworthy is expecting 1p. My estimate is based on the company statements.
We'll know who's closer to the actual amount declared tomorrow.
The company newsflow has been expected. I posted the company newsflow and warned about the red flags here.
If there's a vote then I think they will either delist or go into administration.
I think if the vote is against delisting then the BoD will call in the administrators. In which case investors would lose everything
There's a remote chance a white knight but will need to before the vote. Someone who may think it's worth bidding for the company pre-vote.
If they delist then there's likely huge dilution and it could be years before they relist, in whatever form.
It's a gamble. Interesting few weeks ahead.
If future prospects are so great then why did the Chairman/Founder dump majority of his holding in a discounted secondary placing and so soon after they were talked up and before the fy results?
Nearly 26m out of 47m previously held.
I think that's a red flag.
https://polaris.brighterir.com/public/hvivo/news/rns/story/xe1g9jw/export
Hallsworthy,
BBs are better for all when posters discuss the bull/bear points.
Before I post the fy results expectations, rational bear case, which you and some others don't want mentioned....
A couple of points in reply to your post.
"the reasons why people deramp incessantly on bulletin boards:"
You state 3 reasons why posters might deramp a share...
Which one is your/BillB/Moniman/ reasoning for deramping TLY then? ;-)
https://www.lse.co.uk/profiles/hallsworthy/
https://www.lse.co.uk/profiles/moniman/
https://www.lse.co.uk/profiles/billb/
TLY is an illiquid share and is only 1 of many shares I comment on. There's been lots of small trades to push the sp lower and it's obvious it's been done deliberately. There's only a handful of PIs yet lots of small trades. Therefore, the sp is being manipulated lower.
The TLY sp there has little impact on my investment portfolio, yet the success of your investment is dependent on the sp of an illiquid share like TLY. Why's that?
TLY have treated millions of people over the years through their diversified business model of Urgent Care Centre, NHS 111, Physio. They may have also treated you, your friends and family.
Do you not support companies who help those who need help with their health?
"We had a previous resident crazy guy here who went to the police as someone outed him, Stt *could* even be that same guy but I don't think so, to his credit even he moved on to better things."
Who was that then?
" they have no effect on any share with decent volume like HVO has, so let them bang their drum til we are sold."
Then why are you so concerned about the company newsflow I post? Why not just load up and sit back instead of being rattled that you had to post such a long post late Friday night?
If in months your best argument against me is nothing better than trying to bully me into silence by posting deramping/misleading info on TLY tells me I'm probably right in my views and you have no faith in your investment. If you could counter what I've been saying with any kind of cogent, rational argument you would have by now.
Now back to HVO.
Forecasts for fy results?
The figures are largely known.
It's obvious Mo will be talking up the company.
It's known the new facility should be ready.
Most of the info is already in the public domain.
Perhaps posters could come up with what the company could surprise everything with or is it already in the price?
Contracts? Not long to go if they going to announce any.
Cash? Will they publish the cash as of end of Qtr 1, ie 31st March 2024?
Northseatiger
"Let's just say I should have sold at 47p but never because..."
The question is going to be will you be saying at some point you wish you sold at 28p, ie the same price the Chairman dumped majority of his shares?