Member Info for Tenapenny

Only 6 intermediaries appeared to even sign up for the retail offer, mine didn't.

https://www.bookbuild.live/deals/N674M1/authorised-intermediaries

Market cap of £3.4 million at the moment.

What an update: orders up 41%, revenue up 20%, profit up 30%

And an ambition to pretty much double turnover to £3b in the next 4 years to 2027.

Rags I am raging, although there is nothing I can do about it.

I am approximately £10k worse off than if we had accepted the Newmed deal. Even if by some miracle the SP goes back to 270, we only have half the number of shares now. And why would it go to 270p on the basis of the Egypt asset and some legacy payments?

What benefit did the one billion tax rebate provide shareholders?

I am not terribly impressed with the activist shareholders turning down the 270p Newmed deal and then watching my investment plummet to 245p a share before the return of capital RNS and now 210p today.

Have they spectacularly messed up or am I missing something? Does it all suddenly work out ok when there are only 150 million ish shares next week? Do they receive 100 to 200 million dollars legacy payments and also sell Egypt and receive perhaps 300 million dollars and then return that to 150 million shares? If that is such a good deal why is the share price 210p today?

I have just had a little dabble at 572. I have been a holder in the past and back in again.

An issue might be for people holding large amounts in an ISA or SIPP. It takes time to add money into a SIPP and the new ISA period isn't for a couple of days so at the moment people might just not be able to add anything to take up the RI.

Offloading expensive Edinburgh offices and reducing UK headcount sounds like preparing to make a sell off / closure more attractive / easier to me.

I am hoping for good news on the Dundee factory. The UK, not just Scotland, could do with some good battery manufacturing news. I don't mind if it requires a fundraise from shareholders, happy to do so if it means the factory can be built.

Yes thanks. Plenty available at 56p now.

I had a £2k auto buy at 61p order sat for days not filling for the last week even with it dipping under 59p for long periods.

I tried dummy manual buys and they were not going through in chunks of 500 quid or above.

There don't seem to be a lot of shares for sale.

Outgoing board members don't seem to need to wait to hear the decision of the 1st Feb GM vote.

They are going to be manufacturing 60,000 batteries per year for the next 2 years. For ease let's say they sell for 100 quid each, that is 6 million revenue per year of which let's say 0.5 million profit? That will keep them ticking over and help optimise production.

I bought another chunk at 64.4p just before the bell today (it shows up as a sale on the trades but it was a buy for me). I am now ridiculously loaded up on this AIM company.

As I am sure you have seen, the RNS at 16:35 says results tomorrow.

My average is 1.16 so I am sitting on a paper profit.

I was thinking about keeping them though in the hope of a takeover.

BBC article saying Royal Mail asks to stop Saturday letter deliveries

https://www.bbc.co.uk/news/business-63660320

https://mms.businesswire.com/media/20221019005935/en/1607659/1/Irenic_Letter_to_Capricorn_Energy_Board_20221019.pdf?download=1&_gl=1*ey43xk*_ga*MTgyNTAxNDA1OC4xN

Detailed letter by Irenic to the board explaining value of 350p share value best achieved by liquidating company.

Bit busier now...

What do you think is going on? We seem to be stuck doing nothing much around 235p. It seems like everyone is just sitting about waiting to hear if there is another interested party? Tullow has fallen from around 50p to around 43p while we have held firm here.

I agree, a great addition. Her skin looks fabulous on the website in the pictures of her holding the products. The prices for the 3 new products are on the high side but not ridiculous for a niche beauty product.

Seems to be holding firm at around 235 to 240 despite the general market chaos today. Fingers crossed for good news in the Tuesday update.