Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I'm new here and extremely green about Vanadium but very interested in this stock, so i see various qualities and therefore pricing for this mineral for example i find a market for these two qualities: V2O5 Vanadium Pentoxide Flake; Ferro Vanadium 80%; what does bmn produce? whats the best place to see the mineral traded i dont find in on the LME am i right in thinking mot of it is mined in china and that china have in november suspended mines producing it, dont know why just a snippet i read (i guess it trades in $ so this needs to be viewed alongside Rand/USD and consideration given to forwrd expectations in 2022 for that ) also read various trials in elec car charging points current underway since vanadium batts are "free standing and can last 25 years" not making huge sense surely they will need charging they cant sit there charging cars for 25 years can they ! probably misread! Anyway will be grateful for any education on these points & Qs,
So that’s a link to the rns I’m talking about I find these notices confusing- so do they have 2M now or is that what they sold? Where does it show the previous holding if ghe 2M is now and if the 2M is what they did hold then what do they hold now! Since there is no other figure I can see I assume they sold it all but the >3% suggests they were holding in excess of 3% and now hold less than 3% and 2M is less than 3% so assume they hold that many now! What is the 5.62 is that a percentage ??? If anyone can explain how to read this rns I’d be grateful
So they had 5.62% but now they have less than 3% the amount doesn’t need to be mentioned I assume as it’s under 3% is that it right? But anyway if so then they sold around 3% which is 30000 (per 1M) x 92 = 275,000 shares - still a size which would have been had to be worked and clearly will depress the price
Excuse the title - that wasn’t what I typed!!
Excuse my ignorance but the rns says investec now have a >3 holding with no figure provided and the previous holding was 92M so did they sell all of the 92M or just down to less than 3% meaning they don’t declare the amount now held ? Selling 92M will clearly depress the price significantly and will have been worked for a while so may explain the rapid fall last week, views?
you guys are priceless - I'm loving the banter but more than that the links and the info is really appreciated, I've just put my toe in the water because everything I've recently looked at in the market is on its highs it's good to find something that isn't but looks (to me anyway) like it has recovery potential !
question of the day for me - no contest - what's a CEO :0 ))
wont brexit mean duty free returns to ships after dec 31st ? If so wouldn't this make cruises, in terms of purchases on board, more attractive as holidays next year, also you will need a clear test 72 hours before to be able to board so its safer mixing with cruise people than mixing with unknowns on any other type of holiday, i think the silver surfers (no pun intended) will be more reassured about taking cruises in 2021 than other holidays - also lets not forget it isnt a major contributor to Saga profits.
Hi Marcus, re shorters, i suppose my thoughts were that the holder might want to take up the share offer and so they will be the holder for these extra shares not the shorter, then we consolidate so the shorter will then get a 15 - 1 dilution in their short, if they want to maintain the size of the position they need to obtain more stock and pay another premium so wouldnt it be better to close out, take the profit, wait for the consolidated price to be set by the market and make a call about jumping back in then....?
as i understand it its more expensive to buy in the market at 12p than take up the offer at 12p since you would pay stamp and brokers fees but with the offer these are not charged. My thoughts are once the consolidation of 15 for 1 takes place how will the market price this - logically its just 15 x share price prior to consolidation if we are generous and there is a pick up once all these +3% stakes are noted ( i think there will be more following the earlier Pluris one especially since institutions have agreed to participate in the funding) so say its 15p then 15 x 15 puts us at £2.25. Also wont the short sellers want to get out at this level rather than have to deal with the consolation themselves for their borrowed stock ? Anyone disagree with any of this ?
regards the trade volumes, which have been astronomical compared with normal dailys for this stock, does anyone know if you can get the days volume split into bid n offer trades, ie: the split for the days volume in orders filled at bid and those filled at offer ? Clearly I know which side took the most hit but I'd be interested to see that data. Been googling with no joy!
thanks for the Pokerchips agree with all you say....... in regards to why PFC are singled out now that is a good question!
Hi alto, so to give you some background this is how I see things: market thinking originally was that because the SFO started an investigation into PFC they would not be awarded contracts because companies - regimes, did not want to be tarnished with this association, however when this did not really transpire it was brushed aside (or had far less impact) as a reason to kick the shares and things like debt (which they have massively addressed now) and incompetence in the north sea project back in 2018 which did go very badly, and the court case with the fiance guy (now dead) and the general character assignations of Asfari plus the short selling all combined to depress the stock, so in short confidence was eroded, as Warthog & Mark Bell have commented on many times and provided great numbers and links, the pricing of PFC makes no logical sense but that said, from the potential fine perspective you need to know that people looked at RR who were fined some £600+M at the time the SFO had started to investigate PFC and thought PFC would get that sort of fine, this seems unlikely to me especially as they could only prosecute the fiance director privately not implicating PFC as a company, well that's how it feels to me, so it is the case that a large fine in the hundreds of millions is plugged into the price. I suppose the point is that we are stuck here until serious (institutions & funds) buyers return (or of course a take over which at this level I am surprised the rumour mill is quiet) and that is only likely to be when the SFO drop the case and Blackrock p**s off ?. So sit back enjoy the ride and keep pocketing the divis because whatever happens this company is not going bust and to be frank in the circumstances with a heavily discounted stock that really is the only concern you need have, at some point ...6month... 1year.... 5year....this is going to £6 +. Yes talking my book but doing so from my head not my heart (i was going to say a*se but thought better of it)?
oops wasn't a ? was meant to be ! !
but since I'm posting again - here's one to ponder, so and read about SSE who have just given the contract to PFC for seagreen, they are very keen to get all the government bigwigs & bodies on side with them, if pfc is considered "dirty" why would they associate themselves and also wouldn't the gvmt have dissuaded them ?
Hi denby, yep lets hope there is no prosecution, otherwise it will be paid for from our tax money on one side and our shareholding money on the other, we loose by a double whammy either way ?
did anyone do the sums on this fine at Airbus? its a company valued at 105B euros! a 3.6B fine is a good deal for them, obviously no fine is better but if we transport this to petrofac, and I would argue the case that pfc is not as severe, then roughly 3% of valuation is £35 to 40M I'd take that tomorrow ! ?
.......should just say shorts under 0.05% not reported on shorttracker, so I suppose there could a few others out there
did you see shortracker on trade date 22/01/2020 Blackrock increase short by 0.1% to 1.5% no other changes reported. If current value is £1.2B then I make that an additional £1.2M short and with the total short at 4.87% declared this then comes to just under £60M, just thougth I'd share ?
im really hoping the logic is sound! thanks for the case numbers PC
Hi, do we have the case number? I have been looking for the names Bond; Whiteley; Akle, but cant find them. thinking that provided in testimony they say that when acting on behalf of Petrofac they only dealt with Lufkin this should allow the SFO to close out the PFC case? that reasonable? interested in views. Also been checking shorts and only Blackrock increased position prior to proceedings on 17th Jan. by an additional 0.08% total shorts 4.77.
Hi Mark, that is great info, thank you for the detail, I was penning a query about the 400 gets filled at 380 as you corrected! delayed reply due to reading about Herr Rotter! I did not know that off book had 48 Hrs to report, thats interesting, Rotters stuff reminded me of LIFFE days when the box to floor order was often filled at 1 more than the actual placed order, and that trade was either the first or last lot (dependent on sale/buy - confusing terminology they had) which went into the traders PA ;)