Member Info for TrekMadone

“ Roadside now expects to publish its results by 30 April 2024, after which the Company expects its suspension from trading will be lifted.”

They have a director on compassionate leave.

Trek

Good news is JPM and Bridgwater have burnt some stock and the SP is now higher. Again! lol!

Must try harder!

Ps don’t know if anyone here has SEPL as well. Another good quarterly payer on same sector as DEC. Xd today and sp is higher after divi!

Usual caveats.

Trek

I mean 100k + round number sells.

Trek

Over 1.5m of indicative sells today. Surely getting there. I think the sp will leap up when the 10m clears.

I mean we have racked up way more than 10m in indicative sales now. Surely the Hereford concert party are out by now or as near as but I don’t get why no TR1’s unless it’s because it’s been prior announced. Full 1% and Eve the 5% had plenty of chance to flip.

Gosh I will be posting a TR1 at this rate! lol!

Usual caveats

Trek

They will produce but atm imo they need a finance bridge, get a few million away in equity which really is no big deal, only 15% dilution at 11.5p again whilst the sp is up. That’ll see them over the repayments until the bonds then permits clear. The market may actually react positively to the removal of some uncertainty.

Usual caveats

Trek

I was in chf, very bulshy management team, full on themselves….delivered zilch!

Cyprus (VMS) and Canada known producing region but arze end of nowhere. Burned cash reloaded and burnt it again. From 15p to 0.5p!

I got out around evens having flogged some on the rise. But I remember buying back in as a trade and timed a bounce but couldn’t sell as no buyers even though the MM’s had moved the stock price well up, probably to sell what they had!

So ended up having to take best which wasn’t pretty.

Anyways they have again promised to deliver significant shareholder value = you pay for nice hotels and helicopter trips to the great outdoors! Avoid!

Usual caveats

Trek

Gong!

“ Seplat Energy, which is Nigeria’s leading indigenous energy player, was recognised for its effective corporate governance framework and corporate governance standards.

Seplat Energy also got recognition for its exponential growth for the period, which had translated into the creation of significant shareholder value and national wealth.

Energy Times is a leading weekly newspaper based in Lagos, Nigeria, focusing on oil, gas, power, maritime and renewable energy reportage.“

https://blueprint.ng/seplat-energy-emerges-energy-times-corporate-governance-company-of-the-year/

It’s sure has been a long wait be we have been well paid to wait!

Trek

SEPL xd today + a special divi. SP went up now unchanged.

That’s special!

Trek

I expected 6p off Gav and then a further drop over the next few days. That’s typical of many uk xd stocks atm.

But this today is indeed something special!

SP at 5 year high and heading to the 260 highs of the 2014 IPO ‘bathtub chart’ by looks of it!

That spike up from 148 hasn’t even been threatened.

Volumes are still low and liquidity is poor indicating there is potentially a background buyer for the London stock.

They ain’t having mine!

Nice to have a growth income play of scale!

Usual caveats

Trek

To be sold or banned…

https://www.theguardian.com/technology/2024/apr/23/senate-passes-bill-banning-tiktok-will-parent-company-sell?utm_term=6628b749e78e0e5955e7a9c023fe80c5&utm_campaign=BusinessToday&utm_source=esp&utm_medium=Email&CMP=bustoday_email

So what about the UK then. Let’s hope common sense prevails.

If Facebook (which I refuse to use) wasn’t given free access to the Chinese Market then TikToc shouldn’t have been let in in here in the first place.

It’s about as much of what they can do as have done same as Huwai.

The West got to wean itself off Chinese dependence and others for that matter! We should have a baseline of autonomy.

Usual caveats

Trek

YU group. Director sells. If you are still in follow the directors while only down 5p. You can always buy again later.

Usual caveats

Trek

Probably a bit early for you here in the UK GG. But if you buy a stock at 0800, it then goes up 10p putting you in profit do you know you can then put a stop on above your buy price the same day and protect your gain.

Anyways when you wake up in La La Land and read my post don’t expect a reply as I will be out on the golf course with friends on this bright sunny day praising how fortunate we are to be able to own even one share in any company,

I won’t be engaging with you again. Now go and make the world a better place by sharing a little happiness and not bitterness.

Trek

“ Tesla reported earnings after the bell. Here are the results.

Earnings per share: 45 cents adjusted vs. 51 cents per share expected by LSEG

Revenue: $21.30 billion vs. $22.15 billion expected by LSEG

Wall Street is projecting revenue will drop 5.1% from $23.33 billion a year earlier, which would mark the first year-over-year drop in sales since 2020, when the Covid-19 pandemic disrupted production.

Tesla shares have plummeted 42% this year on concerns about weak deliveries, competition in China and the company’s ongoing price cuts. Earlier this month, Tesla reported an 8.5% year-over-year decline in vehicle deliveries for the first quarter.”

So question 1 is does a 9% revenue slide = the 42% drop in SP or is it oversold?

Question 2. Will the cost savings lead to a restoration in margins. Afterall he’s layed off thousands!

Ok those two are too difficult to answer. Try Question 3.

Is he a narcissistic twt?

lol!

Trek

Oil up 2% on slowing US manufacturing data = earlier rate rise.

Oil has held up well throughout period.

Chart on breakout. Experience says to buy shares that have reached highs. Even if they don’t go on right away they usual do to set several higher highs.

Then this divestments media noise is about!

Just seems like a perfect storm brewing here. I just don’t get why there are hardly any posters here.

For sure it’s not a ‘hot stock’ but it’s not done bad from 100p!

Usual caveats

Trek

Ps anyone looking for a small cap ‘hot stock’. Check out HEX. A US helium drilling outfit. Just IPO’d here, fully funded. Placing flip will finish soon then it should rerate. Just secured drill. V good punt IMO. Don’t see those that often.

May be averaging down. They took the bulk out in March. 880-890 ish.

https://www.lse.co.uk/share-prices/short-positions/funds/jpmorgan-asset-management-uk-ltd.html

US opened down was down about 2% probably looking at short.

On a positive if gives one a chance to get some extra yield!

JPM have been wrong so far. The long game here with the debt run off looks quite positive.

I guess for an institution the size of JPM they probably balance across books so averaging down here is pence to them.

Usual caveats

Trek

The one trade is a nonsense. I have seen stocks with 20 x 1 trades in a day and numerous other single digit trades.

The small trades or a dump of trades at the same time are usually liquidity trades by the MM or broker to move the SP or to hold it up.

There is some reference to them here in the LSE handbook.

‘Definition: market making incentive schemes that the Exchange is mandated to offer under Article 48(2)(b) of MiFID and Article 1 of Commission Delegated Regulation (EU) 2017/578

Page 58 covers it and also ALGO trades.

https://docs.londonstockexchange.com/sites/default/files/documents/rules-lse.pdf

MiFID2 MM agmt tab...

https://docs.londonstockexchange.com/sites/default/files/documents/20200401%20MIT%20&%20TE%20Parameters%20version%207.2.xls

Usual caveats

Trek

Just refinancing. Of the 9m only 800k is for working capital rest is to pay debt with debt on better terms keeping it within the family!

They have added in the CSS sale (RNS 20th March) to further reduce debt and provide working capital.

Looks like a sensible way to spend the windfall avoiding equity dilution. Would rather they got rid of another lump of CSS though to further reduce debt but then the redemption terms seem quite onerous in favour of Dickson. There’s always something with these ‘nepotistic’ deals but with the Dickson’s owning 53.91% of the company and holdsworth adding since the Nex listing at much higher sp; I think this package will be fine esp given directors are in at higher levels.

Could do with some more divestment news though to claw back to the 20’s!

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Trek

Big move up today for here. 12 month high & 5 year intra day high. Have to go back to 2015 to beat 155.

I suspect the 158 prints are buys. Probably an order called for as we are up on relatively little volume.

I think the double divi works out to about 4.6p in my ISA so something else must surely be causing the rise.

Re the arbitrage. I am not aware that the shares are transferable. They are dual listed with a quantity on each exchange.

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Trek

Don’t underestimate the power of Bo’s contacts in getting this rig. Personally I think it was lined up ages ago. Probably before the IPO and just box ticked now.

‘ Mr Stenger has worked with this specific Rig for 20 years and so he is well versed in delivering safe and effective operations on this equipment. Mr Stenger also has experience drilling helium, having previously worked with CEO Bo Sears in helium exploration drilling in Montana using the Cardwell Rig.’

This is why it’s very different having the experience of Bo at the helm. It should run smoother.

We have a rig with spares and a very experienced crew that have also drilled for helium before.

They will know how to set it up what mud to use, how to cost effectively and safely case. Everything. It’s all been done before. We even know the geo yields helium!

I wouldn’t be surprised if the usefulness of Bo’s contacts help with getting the permitting done seamlessly and also customer delivery further on down the line. He will also know who to speak to about any offtake JV.

This is not a virgin drill in some remote place with complex regulations and a lack of spares. It’s just another well in Montana. Just happens to be helium!

Usual caveats

Trek

Oh I ain’t going to over ramp it. But I think I have earnt the right to post one here.

Check out HEX, a US helium play. Just IPO’d. I know there are some geo knowledgeable investors here that can figure it out for themselves but you may not have heard of it. A home for some change!

Good luck

Usual caveats

Trek