Member Info for TakingMyTime

Some people may be going on holiday.

I agree, Portland.

We're learning that all anyone has to do to be a dictator is get people scared. I never thought I'd see us give up our freedom so easily.

I think SoS has a good point. If GH is sitting on huge market-moving news, he can't be trading until it's disclosed.

So, his "more good news" is something that either isn't yet certain or isn't that big of a deal.

Might mean they are in discussion to monetise an asset and it's not nailed down yet. Or they are talking about another JV but again, not nailed down. Certainly means there's been no offer to buy us out for 74p a share. Yet.

Unfortunately, Duster, many diseases are not going to be wiped out and there is no vaccine. That's life (and death, sadly). There's no guarantee there ever will be a vaccine, or when. Even if there is, there will be many people, especially in developing countries, who never receive the vaccine.

So any advance in treatment is great news and to be welcomed, especially if it is a relatively low cost treatment.

When this started, many people said, "It's just another flu." It would be great if treatments could improve to where that were almost true, even if there is no vaccine.

"Jdt, it’s all in the annual report."
And really, it's generally the kind of thing one would normally research before buying shares in an AIM company. What if there were low-price options for 2 billion shares? It would make a big difference to the upside.

Any time I start a post "briefly" you know I'm lying.

But Paylor's a newbie investor if you read his posting history so thought I'd try to make it simple.

@Paylor
Briefly, the company pays directors a salary but also gives them share options which lets them buy newly-issued shares at a low price -- it's another way of paying directors without actually paying them cash.

Two directors exercised some of their options. They pay the company a low price (previously agreed) and the company issues new shares. Now, they own millions more shares than they did. They also sold some of the shares they already had. That gave them money to pay for their new shares, to pay some taxes on the deal (that part can be complicated) and perhaps a little left over to have a party after lockdown is lifted.

They now own more shares than they did, because they bought more using their options than they sold, so this does not mean they are less committed to the company than the were. Because they sold 10 million shares yesterday, that probably lowered the share price yesterday a little bit. Other than that, there's no impact unless they sell their new shares, too. But if they were planning to do that they'd have probably sold more yesterday.

That's pretty much it. The 10 million shares sold doesn't seem to have had much impact on the share price. So the fact that the market absorbed the sales with minimal impact is probably a good indicator, but really, the RNS isn't all that important. You'll see these kinds of transactions with almost every company. It encourages executives to be large shareholders which means their interests will be aligned with the interests of shareholders, which is as it should be.

@Spy, I was trying to say the apology wasn't necessary. I said something stupid because I didn't read carefully. Flak was deserved. I didn't find your comment egregious. Thanks, and GL.

Sorry, I just can't see this going over £5. Don't be such a ramper.

@Jerry, we all have the capability to be idiots, some more frequently and with greater depth and persistence than others! Anyway, thanks for correcting my mistake.

@Jerry "TMT, Prim didnt dump 10m shares ydy. They got an AVERAGE price of 9.81. When did it trade at 9.81? Not ydy!"

Right you are, I'm an idiot, LOL.

@Spy "JS...the amount of people that don't have the ability to read something properly is astounding."

Even worse is the people who have the ability to read properly and fail to do so, wouldn't you say? ;)

@Dodge "but to lump TMT in with the utter trash that gets posted on here is a bit rich."

Thanks for your support and your point is well-taken but when I look in the mirror I see a numpty this time, so I'm not complaining, LOL.

Sometimes Internet anonymity is highly valued, no one in real life will ever know. They'll just know my real life stupidities instead!

Prim and BOD dropped 10m shares each in a single day. SP dropped less than 10%.

Sprott picked up about 22 million shares, I think. Pushed SP up by about 20%.

Lots of buyers out there, it seems.

"interesting that the BOD traded in sync with PRIM - hs to be just a coincidence!"

Yes, I'm sure it is. If both were going to be dumping 10m shares they'd not want to do it the same day, because they wouldn't get as good a price.

@Portland
Yes, it's tough forecasting but you were the one who asked for predictions, LOL.

I agree with your 400 on FCO relaxation. Not sure how far over 400. I just don't think it will be 550, I think that's going to take longer.

@Dean
I think you are right to be cautious about what air bridges will do. Ultimately, everyone knows they are coming, so confirmation may not have all that much impact.

Air bridges won't get us back to normal. Demand isn't likely to return to normal for 2-3 years. Even if we get a vaccine, and people feel completely safe, there are a lot of people who won't be able to afford an overseas holiday. There will still be a lot of business travel, but probably more Zoom meetings than in the past.

I think the economy has to return to strength for a while before demand gets back to where it was. If you aren't prepared to hold for at least 2 years, there certainly are some risks here. I still think we'll be back at 6-700, as I've said before, but am prepared to wait 10 years to see it if necessary. If your investment horizon is short there's some real risk here. Also, of course, potential for real reward.

"FCO lifting all covid related travel restrictions £5.50 (or if there's a vaccine)"

This would surprise me. I don't think we'll hit that level until we've been turning a profit and starting to pay dividends. I expect to get there but I don't think just lifting the restrictions will do it.

@tgf " that is a first."
Oh. Well this makes a second, on this performance you'll hit a century by the end of the day.

It's still in your user profile which I think proves that they didn't remove it specifically, it died with the thread it was in.

I suspect that when the initial post in a thread is removed the whole thread goes. Since the initial post was utter tosh from tgf....

" off 28% rather than 40%, an understandable mistake I would suggest?"
Interestingly, turning 28% into 40% is an error of approximately 40%.

It leaves one with great confidence in your other calculations.

@BBB " well that is good enough for me."

Thank you for your support. I knew the wiser investors here would back that part of my forecast.