Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Dear God!..............
"Note that there is one tax you can't escape, even within an ISA. This is stamp duty, which is payable when you purchase most shares (apart from those listed on AIM) and funds. It is charged at 0.5%. There is no stamp duty to pay when you sell." From HL.
Yes, but at the very least the FCA should investigate, and if "fraud" is suspected then it should be them who call in the police. The fact that they are doing sweet FA in my view is appalling. Perhaps they should leave the 'C' out of their acronym.
Yours and others' I imagine, which is why the FCA need to grow some and deal with it. They have been shockingly silent.
If that were the case, they would surely have done it on Friday!
Quite Beerbull, it won't be dilutive in terms of the sp.....far from it, and I very much doubt those shares will be winging their way onto the market any time soon. The original lenders won't be selling at these current prices. If there had been any notion of dilution, I really don't think the market would have added 25% to the sp on Friday! Great deal I think. TD (the other one) clearly ain't no muppet! Just a shame that ARCM have come out of it smelling of roses, though as others have pointed out, this whole kerfuffle has allowed TD to get a better deal from BP. Would have liked to see the FCA at least fine them for malpractice.
bfc1......I would say no, simply because those shares have been paid for in a deal that adds a producing asset to the company's portfolio, which will have a value greater than the cost, and that negates the dilutive effect of more shares.
ARCM can do what they want with the shares, but it seems likely that at the price they got them for it would be in their interest to return them to their lenders, and reduce their short, bringing a considerable profit in doing so. The terms of the agreement prohibit ARCM from increasing their short position until Septmeber (?). I can't see that these shares being "introduced" to the market on Wednesday will make one iota of difference to the sp. POO is increasing, the deal has put PMO in a stronger position and allayed fears some may have had, and since increased assets have been added, what's not to like ? I think PMO will re-rate from here, and pretty quickly. Thay are really cheap at present, especially now the doubt has gone.
Of course. Plenty more to come from PMO.
Have to say I'm rather pleased with today's RNS. What it's done is to firmly draw a line under what was a very uncertain future for PMO at seemingly little dilution. Clearly the markets like it, as if they didn't, even with POO now at $41 you could be sure they would have dropped PMO like a brick in a pond. If the BP purchase goes ahead at the current agreed price (not certain, as the RNS points out) there is no reason to think that the sp wouldn't get back to the £1 - £2 levels (and the 8.9% dilution would effectively mean £0.91 - £1.82) especially with the guaranteed immediate cash generation from those assets. Now PMO are working from a more stable platform, and as POO will probably continue its rise back to $50+, I can see the sp going back over £1 without doubt. And I haven't even got my rose-tinted spectacles on! Feeling happier today.
Ha ha! "Be careful" what you wish for! ;-)
You too Shaa. GL to you also.
Well, after much debate with myself (passed an hour or so) decided that I'd take the £9.6k hit and sell at .35p. Very disappointed as I posted earlier, but knew it was high risk. Made the decision based on :
1. Gas will be harder to commercialise, and that's what they've predominantly found so far;
2. PMO has clearly seen no future here;
3. If 88e are to chase HRZ and side drills in Lima, who's paying? Certainly not another FO imo;
4. That raises the likelihood of further massive CRs.
All in all, I've cut and run. Not trying to deramp, as I won't be back. GLA who remain though. Was good chatting to many of you, with of course a few filtered along the way. Keep yourselves away from Covid-19.
Technical glitch on the website caused duplication......apologies.
Technical glitch on the website caused duplication......apologies.
Hi Mercman. Best of luck with that. A risky punt, and I've no more available funds to "gamble" on this.
Hi Mercman. Best of luck with that. A risky punt, and I've no more available funds to "gamble" on this.
Methinks you've been watching too many Red Bull adverts Mercman.
Bad morning all. Seemed rather silly to say "Good morning". Not what the Dr. ordered to be sure, and many of us are licking our wounds. But I do feel rather sorry for the pensioner parents of that individual who borrowed £50k from them to speculate here just the other day. Bet he/she is a bit red-faced today. What to do, what to do? Sitting on a 5-figure loss, which is a lot for me; not disastrous, and I knew the risks, so have to take it on the chin. Sad to see the posts on here this morning from individuals who seem to be rubbing their hands together in glee at the pain most of us are feeling. But I think most are realistic, and some still hopeful. I'm hoping that at the AGM something may be forthcoming to paint a slightly better picture, but that is wishful thinking on my part. I hope no-one here has over-committed and lost more than they can really afford, especially in such trying times. Keep your peckers up m'dears.
Offski, I think you need to go and do some research, as the reason BP "abandoned" it has been explained so many times on this board, it becomes tedious to reiterate frankly. It's all out there if you care to look. And it shouldn't be seen as a reason to doubt the value of the current drill, as some derampers have persistently argued.