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Northseatiger,
The fact CF, Chairman/founder, dumped majority of his holding so soon after the shares were talked up and before the fy results is very questionable.
The fact it was done via a discounted secondary placing and at 28p is questionable.
Why would the chairman/founder be so desperate to dump majority of his holding whilst the new facility was being setup and before the fy results were published?
I think there is a questionable business model.
It's already clear from company rns that revenue/order growth has slowed significantly.
Redinjun
"trading announcement normally in March"
Always best to check facts rather than believe what is posted on BBs.
According to their website, the fy TUs over the past 4 years have been:
2020 20th Apr TU for fy2020
2021 13th Apr TU for fy2021
2022 25th Apr TU for fy2022
2023 2nd Mar TU for fy2023
2023 2nd May TU for fy2023
Therefore, since 2020, they've only had a TU in March once, last year, and they still had another in May 2023. Last year was an exception than the 'norm'.
They 'normally' have their fy TU mid to late April.
'sign'
:-)
Rickylfc
"The rise to 46p in 2021 was obviously based upon hype and crazy buying"
The sp crashed back down as expected. You're posting in hindsight that it was obviously hyped. No different from it being talked up now.
What's happened since the CEO was awarded 7m options? The company has been talked up again, just like before.
Look at the following dates/sp
Dec 2020 22p
Dec 2021 24p
Feb 2022 - 16p Mo becomes CEO - sp around
Dec 2022 - 10.20p despite Mo being CEO for 10months
Feb 2023 - 21p - CEO awarded huge 7m options, back dated a year
Apr 2023 - 16p fy2022 results with Mo in charge
Dec 2023 - 23.75p
Since Dec
The CEO's options are exercisable from a year's time....
Lots of media tips presentations, all repeated
Feb 2024 29p The Chairman dumps majority of his holding in a discounted secondary placing. As I predicted, the shares were being talked up so CF could sell.
CF sells majority of his holding before the fy results, which are due next week.
"also the grand opening of the new facility which should bring some new contract wins as well."
You would expect them to have announced lots of contract wins, given they announced the new facility months ago.
End of Q1 and no new contracts added to this year's order book.
Rickylfc5,
"at the end of 2022 you were warning about many things at HVO "
That's very selective. Why not comment on when I first started looking at these in Q4 2021?.
Evidence...
During my 1st post, when HVO were called Orph, the sp was around 27p. On the following posts around early Dec 2021, the sp was around 20-24p.
This was pre- the CEO being awarded the huge 7m options, which were awarded in Feb 2023, back dated by a year.
Since the CEO was awarded the huge 7m options, a year ago and exercisable from a year's time, the company has been talked up.
Since it's been talked up, the sp is now only 20% higher than 2.5years ago!!!
Obviously some will fall for the talking up, as can be seen since late 2023.
Look at the evidence, the history.
Read my posts from when I initially looked at these. On this 1 page, the posts also show my warnings on Trmr (crashed from around 850p to 200p), Byot (crashed from around 10p to 0.1p
You'll see I posted warnings on Orph (now HVO)
What happened to DiM which was supposed to be the gem of the business??? Nothing
What happened to Finncap's 44p target price? Didn't happen.
Note I mention to Rivaldo about his comment on 'terrific Finncap target price' I question Rivaldo about Finncap price targets on Byot and trmr, both of which crashed, as previously mentioned.
The complete mess up of Polb spin off. That was spun off at 10p nearly 3 years ago!!! Still zero revenue (as of AR fy2022.)
Notice Moniman was loading up expecting 44p 2.5years ago. Hasn't happened.
https://www.lse.co.uk/profiles/stt1/?page=30
I said they were being talked up so they could sell.
The Chairman dumped majority of his holding soon after the company was talked up by media, didn't he? So that's happened.
The CEO has huge 7m options exercisable in a year, so obviously in the outlook in next week's results he will continue to be bullish. Let's see if he is.
Question is will they say anything about DiM
The Chairman dumping majority of his holding and CEO having huge 7m options are red flags.
On top, I think there's a questionable business model.
P00rman,
"1 post from stt generates 4 "Pavlov's dog"responses"
It's simple. They've seen I've been right lots of time before.
They need the gullible readers to ignore the company newsflow, company figures, the warnings here.
Have a look at Byot, down 99% on their media tip of Aug 2020 and now being delisted. I've been warning about them, posting newsflow.
Others trmr, rthm, psn, tw. etc..
My posts are all there to be seen
Northseatiger,
That's your choice. It's your money.
TLY has c40% held by Institutions. The Chairman there was buying, whereas the chairman here was dumping majority of his holding.
Wasn't it you who called CF a 'rat' on 15th Feb? Has your view of him changed over the past few weeks???
Your post:
"I remember in 2020 when I was buying at 15p and that rat CF let IIs in for 11p. No change"
https://www.lse.co.uk/profiles/northseatiger1/
Just the same thing repeated.
The fact remains, the founder/chairman dumped majority of his holding soon after the several tips since Dec.
He dumped majority of his holding just before the results, which are due next week.
Patients on long NHS waiting lists will get private care
‘Carrot and stick’ tactics to make the worst hospitals more efficient
https://www.thetimes.co.uk/article/patients-on-long-nhs-waiting-lists-will-get-private-care-gcmz87nhx
We had onerus ground rent scandal
Fire safety/cladding.
Help to Buy.
CMA investigations.
Now 'fleeceholds'
as well as poor quality builds.
Housing estate 'fleeceholds' the next great scandal, Tory peer warns
"A Conservative peer - and ex-adviser to Boris Johnson - has warned "fleeceholds" will be "the next great scandal" to hit the housing market.
The term is used to describe the plight of homeowners on new-build estates locked into private maintenance contracts for communal areas."
https://www.bbc.co.uk/news/uk-politics-68673216
New homes poor build quality.
"A Competition and Markets Authority (CMA) report, published last month, has raised concerns about the build quality of some new homes, and a petition has been set up calling for government accountability for substandard housing and infrastructure."
https://www.bbc.co.uk/news/uk-england-berkshire-68663984
Link was broken.
https://www.bbc.co.uk/news/uk-politics-68673216
New homes poor build quality.
"A Competition and Markets Authority (CMA) report, published last month, has raised concerns about the build quality of some new homes, and a petition has been set up calling for government accountability for substandard housing and infrastructure."
https://www.bbc.co.uk/news/uk-england-berkshire-68663984
We had onerus ground rent scandal
Fire safety/cladding.
Help to Buy.
CMA investigations.
Now 'fleeceholds'
Housing estate 'fleeceholds' the next great scandal, Tory peer warns
"A Conservative peer - and ex-adviser to Boris Johnson - has warned "fleeceholds" will be "the next great scandal" to hit the housing market.
The term is used to describe the plight of homeowners on new-build estates locked into private maintenance contracts for communal areas."
https://www.bbc.co.uk/news/uk-politics-68673216#:~:text=A%20Conservative%20peer%20%2D%20and%20ex,maintenance%20contracts%20for%20communal%20areas
Read the facts.
1gw_ ramps on HVO, I warn about the red flags.
Byot, is just one of those shares, I've been warning on since they were 10p.
They crashed 60% on Thurs and are now 99% down from 10p.
Virtually every share 1gw_ has ramped have crashed.
Rthm down 80%, trmr down 80%, Byot down 99% and delisting, stu bust...
Is it a coincidence that posters on shares which 1gw_ ramps then go onto the TLY to deramp there?
Read my post from 21st March and 1st April.
https://www.lse.co.uk/profiles/stt1/
There you go, yet another one of 1gw_'s shares crashes.
Byot now delisting, down 99% from where 1gw_ and his mates was ramping.
Is it a coincidence posters who post on shares ramped by 1gw_, where I've raised questions and been proven right, also deramp here?
Why's that 1gw_?
From my post on this thread, 21st March 12.04:
"As you know, we have both posted on the same shares for many years. Trmr/Byot/HVO/RTHM.
What I find amusing is that the derampers who appear on here also post (invest) in shares you ramp. All those shares subsequently crashed based on the warnings I had posted.
Is that a coincidence?"
My post 21st March 13.25
There's nothing wrong with posters presenting opinions but the amusing thing is 1gw_ You do overplay the potential and underplay the risks on shares you ramp. Whereas, you overplay the risks and underplay the potential on shares you deramp.
For someone who portrays themselves as well researched, why do virtually all your shares crash and based on the warnings I post?
Byot down 95%, STU bust, Trmr down 80%, Rthm down 80%
Byot - down 95%:
Mine - posting of company/sector newsflow, warning of the risks. https://www.lse.co.uk/profiles/stt1/?page=78
https://www.lse.co.uk/profiles/stt1/?page=76
1gw_ - https://www.lse.co.uk/profiles/1gw_/?page=3
"Sttsbumbag" posts on Byot and TLY https://www.lse.co.uk/profiles/sttsbumbag/?page=2
This is why reader's shouldn't just read posts but do some research.
"Amryt Pharma floated with a market cap of €29m and was sold last year for $1.48bn (€1.38bn)."
There's a history of reverse takeovers, spinoffs etc, which cloud the fundamentals...
The article doesn't give a full picture of what's happened to the previous IPOs, like Fastnet oil and gas. Reverse takeovers/spin offs from one to another...
Fastnet oil and gas raised $50m since IPO in 2012. 3 years later, they were conserving cash and had only $15m left. In 2015, Amryt reversed into Fastnet.
As of the latest AR and despite the IPO 2 years ago, Polb has zero revenues. Polb was spun off from HVO.
HVO being talked up with the Chairman/Founder dumping majority of his holding. Looks like HVO was talked up so that the chairman/founder could raise money for his next venture as well as gain instant PI following...
The fact he dumped the majority of his holding recently and before the fy results is a concern. Why wouldn't he do the same again?
Fastnet Oil & Gas plc was an independent oil and gas exploration company focused on identifying early-stage exploration and appraisal opportunities in offshore Ireland and Africa.
"Fastnet successfully developed a portfolio of high impact conventional oil and gas projects utilising the experience of the directors and advisory board. Having successfully raised c. $50m, Fastnet became one of the most active small cap oil and gas companies, bringing in Big Oil companies who entirely funded Fastnet’s offshore Moroccan well. Fastnet also discovered one of the larger onshore gas resources in Morocco, and did extensive work in the Celtic Sea basin.
In 2015 the Board of Directors, including its Chairman Cathal Friel decided to shift Fastnet from an oil and gas company to a life sciences company. This decision flowed from the worldwide decline in oil and gas prices (from c. $120 a barrel to c. $30 a barrel) and the associated adverse sentiment towards small cap oil and gas concerns at the time.
The Company immediately conserved its cash, reducing overhead by 95%, thus creating a substantial cash shell with c. £15m in cash."
https://www.raglancapital.ie/fastnet-oil-and-gas