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I love the Freudian slip there Mark, I think you meant 'concluded' lol
let me guess:
"whilst there have been delays.....but these long term contracts can take many years to finalise......all of our prospects remain as prospects....indeed we expect at least one imminently and we expect to have funding in place for these, but just in case we don't we'll send a sweetener to the market cos really we need money.....ratification process continues and remains in place to be ratified very shortly......indeed I'm just about to board a plane to get a signature now......hit the ground running......we expected multi million pound tech project by now but it's coming, honestly.........we came out of the mediation process with Scanport very well.....we are pleased to be partnering summa.......the new airport carries 3 times the amount of passengers.....meanwhile Lunghi continues to add revenue....Saudi Arabia prospects continue to show promise.......btw we've had customer related delays in rolling out the massive tech contract we received 2 years ago but we'll put it down here and brush it under the carpet"
Sound about right ?
Date on which the threshold was crossed or reached vi: 14 October 2022
Date on which issuer notified (DD/MM/YYYY): 30 March 2023
cloak and dagger stuff or what !
also why release the trading update on 27th March when they told us they were going to "announce its pre-close FY23 update on Friday 14 April 2023" within the January trading update ? Why the rush to bring it forward ?
only one clown here....
not so sure, reading between the lines the waiver is conditional on them doing something about the mounting debt before the next covenant test
been interested here for a while mainly based on those big director buys back in December, thank f i didn't buy, certainly not now
still puzzled with several things regarding the trading update,
- "lower equity volumes in Feb & March" - really ? the sell off and volatility just prior to the update must have been off the scale and right in their sweet spot, I would have thought they must have been inundated with margin calls, maybe the update was written before the recent volatility
- why issue the update during trading hours ? - most unusual
- all these broker downgrades coming in day by day rather than all at once
It's like they are all doing their best to drag the sp down, I know it's unlikely but the sceptic in me is looking for some form of ulterior motive
I was in the unlucky position of buying back in here an hour before the trading statement, it left me with a share that would likely fall further but wasn't really worth bailing just in case, my exit strategy although of risk is to wait for the next update which I imagine will be equally poor and marked down by mms, but in which I'm envisaging a low where I can average down as I feel there will be value at that point. My reasoning is also based on the fact that directors are yet to put their hand in their pocket to show positivity
not in personally but i recall this one raising recently at a huge discount, wondering if those placees managed to get out with their profit in time.....
167, blink and you missed it......and I did
Hi David thanks, is that just a guess or would you have found info from somewhere please ?
way way oversold now imo and rsi on the floor, I'm back in
Previous ceo was booted out with some vague reasoning (see rns), still no clearer and the market hates uncertainty = continues to fall, I suppose it's equally possible the previous ceo is selling her huge quantity of shares she holds - we have no idea
from the rns 31st Jan:
"The Board has lost confidence in its Chief Executive, Nicola Foulston, as a result of cultural concerns and the execution of the Group's strategy; her employment contract has been terminated with immediate effect."
Just been reading latest Robbie Burns (Naked Trader) blog, he's talking about Wandisco where he was short but got stopped out just before they went *its up, one of the paras relevant here too imo:
"The head cheese was apparently doing the interview rounds being very bullish, they're only going to feed you bs. They won't tell you what is really happening, and think about it: if their co is so good why do they need to be going around touting it?"
systemzero, 2200 posts to your name and yet you're new to oil and gas ? pull the other one !