Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
I probably bought in slightly higher than you guys, at 77p, but much like yourselves been keeping an eye on it as the 40% drop seemed overdone in my eyes, yes they are reliant on a very few customers, but in my eyes a small blip on the road to increased profitability, the director buy yesterday only increased my confidence
GLA
no its not it would be 5 million on new years day even if it doubled every day from yesterday, and if its doubling every 2 days (like the man said) then not even close to 5 million by new years day
Just saying........
erm i think your maths might be a little awry there steve
I suppose it's feasible that our shorters might be holding on for the result of the FCA investigation, knowing FCA however this could take an eternity, the below is from the rns resuts dated 24th feb 2021: Also, does anyone know from history if they have set aside an amount for potential costs relating from these investigations or whether its coverd in its annual 'remedial costs' ? thanks
FTR I own shares in Metro Bank
"The Group is currently subject to enforcement investigations by both the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).
· The PRA's investigation relates to potential breaches of the PRA's Fundamental Rules 2 and 6. The PRA is investigating whether there were failures to conduct regulatory reporting with due skill, care and diligence, to remedy an issue identified by the PRA in a timely fashion and/or to provide effective oversight and control to comply with its regulatory reporting obligations. These issues relate to the Group's assessment and reporting of its risk-weighted assets. The Group is co-operating with the PRA's investigation. As yet, the PRA has given no indication of the likely timeframe for completing their investigation or of the action that might be taken as a result. At this stage it is not practicable to identify the likely outcome or estimate the potential financial impact with any certainty.
· The current scope of the FCA's investigation concerns potential breaches of articles 15 and 17 of the Market Abuse Regulation (EU 596/2014), Principle 11 of the FCA's Principles for Business, and Listing Principle 1, Premium Listing Principle 6 and Rule 1.3.3 of the Listing Rules, in the period between 1 June 2017 and 26 February 2019. The investigations relate to the announcements made on 23 January 2019 and 26 February 2019 in relation to risk-weighted assets and AIRB accreditation respectively and the impact these announcements had on the Group's share price. The Group is co-operating with the FCA's investigation. As yet, the FCA has given no indication of the likely timeframe for completing their investigation or of any action that might be taken as a result. At this stage it is not practicable to identify the likely outcome or estimate the potential financial impact with any certainty.
Financial Crime
In 2017 and 2019 initial disclosures were made to the United State's Office of Foreign Assets Control (OFAC) in relation to Cuba and Iran. The Group continues a review in respect of these matters, together with a review of its sanctions screening and transaction monitoring systems and controls, with the support of external advisers. The Group is continue to engage and fully co-operate with its regulators in relation to these matters. At this stage it is not practicable to identify the likely outcome or estimate the potential financial impact with any certainty."
santa rally is already on mate, ftse was at 7100 at one point yesterday morning, I know because I bought it at 7127 and raking it it in since, not finished yet either long way to go
"Maybe paying less, probably paying more."
=
Probably paying less, maybe paying more.
I defy anybody to have made any money here on this pos, maybe those lucky souls who bought into ramps along the way and defying the temptation to re- dip their toes in and leave well alone. Personally I'm down in total about £3k overall and actually count myself quite lucky in that respect no doubt compared to some, considering I've been in and out several times in the last 5 years. I sold out again at a loss the other day at about 4, just in time it seems
fact its not bouncing might suggest an ii selling ?
who wants to hold shares in a suspended company ? never a good thing for the old ticker
some translation of the below from anybody please: Stockopedia states Unicorn Asset Management 9.96% 5.6m shares but includes (I think) Unicorn UK Income Fund 4.85% and 2.7m shares,
"From 13 October 2021, following shareholder approval of the Proposals announced on 23 September 2021, Acorn Income Fund Limited (“the Company”) entered into a scheme of reconstruction, whereby the Company’s residual assets will rollover into the Unicorn UK Income Fund, an open ended vehicle managed by Unicorn Asset Management Limited. The Company was placed into members’ voluntary liquidation on the same day and Benjamin Alexander Rhodes and Andrea Frances Alice Harris of Grant Thornton Limited were appointed as Joint Liquidators.
From this date, Premier Asset Management (Guernsey) Limited no longer acts as investment manager of the Company."
great result guys i looked in here under 4 but unfortunately didn't partake