Member Info for TrekMadone

It’s the usual upside v downside investment risk.

Now we have cash, a drill result, placing shares as near as flipped going by vols and a sp that is much lower than the recent highs but has visited and recovered above 2p.

We didn’t have any of that not so long ago.

Just need results on commerciality now, which is important else there wouldn’t be much upside left ahead of the next phase!

Odds now are looking pretty good for 5-6p imo ahead of JV and or additional funding.

She just needs to get a new broker to send a clear message to the market that we are in business.

Peterhouse are for low level startups and dilute the heck out of PI’s to feed their HNW and insti list imo.

Move on LB! Let’s get commercials and an offtake deal with and equity stake and a 200m mcap to start with!

Usual caveats

Trek

Gutterhouse did similar at HE1 72% discount. Stock forward sold. OMJ pointed it out.

The bankers have been called into check but these muppets are law unto themselves still. Feeding their mates with advance notice of placings. I mean how can you forward sell if the information is meat to be confide and market sensitive.

It’s an absolute disgrace.

Usual caveats

Trek

So Peterhouse removing posts from here as well! It’s a free country people are entitled to comment on what they see!

Just in case they didn’t get my message…

🖕

Trek

I’ve come back in now first lot at 76p doh! But when I bought k was trying to time below 80p! Will wait a tad before getting next lot.

Next results include more of our royalty area so should give a lift.

I am hoping the divi will be held. I guess that even with director buying there is no guarantee but I think his last load up indicates this is as near the bottom as possible. I did prefer pence though!

Commos should pick up soon.

Good luck all

Usual caveats

Trek

Placings

Avct - 50p placing 26.7m, now 316m shares! Not bad and worth buying imo if it goes below placing price. Mcap around 175m now

Hemo - 2p, placing 3.3m, now 1.3bn shares! Mcap around 33m now.

Usual caveats

Trek

Add HE1 to the mix! 72% discount on last closed placing! Sht show!

Usual caveats

Trek

Avct - 50p placing 26.7m, now 316m shares! Not bad and worth buying imo if it goes below placing price. Mcap around 175m now

Hemo - 2p, placing 3.3m, now 1.3bn shares! Mcap around 33m now.

IQAi, 1.5p 300k placing, 222m shares, mcap 3.4m

I guess one should look at the percentages raised against total mcap to get some sort of peer comparisons. What is interesting is how few shares we have for our tiny mcap.

Still all to play for here. If we are going to be doing deals though I would much rather see a change of broker. I have always favoured Stifel in the biotech space.

Usual caveats

Trek

The numbers are good and that ANOH is on track…

However, I a disappthat they have not increased the dividend. That’s been softened by the special but with the amount of cash on balance they should either pay debt, return or do more of both.

Also “ We remain highly confident that President Tinubu's administration will approve our acquisition of Exxon Mobil's share capital of Mobil Producing Nigeria Unlimited (MPNU).”

I thought from the interview it had been approved and it was waiting for the BoD’s to finalise?

Not really sure what is going on there.

Usual caveats

Trek

DLG +22%on t/o rumours. City AM “ Shares in Direct Line have surged higher by 21 per cent today following reports the company rejected a bid from Belgian insurer Ageas in recent weeks.

This morning, Bloomberg reported Ageas had been working with advisers to put together an offer for Direct Line, but had seen its most recent offer rebuffed.”

Could kickstart interest in UK Insurers that are on insanely cheap valuations compared to Eurozone and US.

VOD - big vols there. Profit takers imo from low 60’s or market not convinced. Dropped back below 70 but I think it will get above 70 when there’s meat on the deal. 8bn on an 18bn mcap will eventually have some impact as it will clear like for like debt with cash.

Housebuilders getting hit on TW results today. Watch BWY is a cash machine. If it goes below 2600 that’s the buy zone esp ahead of inevitable rate cuts. Election = rate cuts!

PHE - huge vols there. More t/o rumours. Sell today’s close buy tomorrows close imo! lol!

HZM - back below 4p - despite management bagging it up!

HE1 - still flipping following Peterhouses shty placings there. I posted there sooner LB get a proper broker in the better imo!

Usual caveats

Trek

It’s not the geography that is of concern here. It’s investors getting a fair return on their investments and risk.

Imo the problem HE1 has is Peterhouse who are known for deeply discounting placings without any science behind their numbers other than to let HNW and institutions in on extremely favourable terms with the foreknowledge to be able to place win win trades in advance.

The last placing at 30% discount following the amazing news and the one before that at 72% discounts is a case in point.

Yes for sure investors are putting up cash. But aren’t PI’s?

The sooner LB ditches Peterhouse and gets a quality broker the better this will be for all. It will also send a message to the markets that she is willing to make changes and is putting some quality advisors in place ahead of any deal making.

Usual caveats

Trek

Avct - second vist intraday to 73p. Pulled up both times. Double bottom in for those on sidelines imo. Only 50% in though just in case it goes lower. Better to average up if it breaks resistance.

UPL - looks like another time to buy close to 3 and sell over 4p. News soon could see +5p again so a nice trade there coming up.

TXP - news soon buy 50p ish sell 60p soon if you are trading it.

VOD - lots of wells getting soaked up there. Probably 60p range buyers. Should move up stronger pm.

Sepl - results tomorrow. They should blow the doors off. I sold 16000 shares there yesterday only because I have tooo many and was in profit still got plenty in. Also there was sell liquidity there. I expect ops news to be good but no news on divestment other than the usual jam tomorrow. Hope they announce increase in divi. Just my experience says no matter how confident one is it’s usually sensible to derisk some before results especially after a run. You can always buy back after the dust settles and you still gain it goes up more.

I bought DUKE at 30.05p and ECOR tad under 76p. Both for income. I will add there again later. Neither will set world alight but that’s what I wanted with ‘annuity money’’.

Usual caveats

Trek

From cnbc app…

“…. BEIJING — China is beefing up national security measures by expanding its protections of state secrets to include a broad category of “work secrets.”

Chinese President Xi Jinping on Tuesday signed an order to formally adopt revisions to a law on “Guarding State Secrets,” according to state media, which reported that legislators passed the updated law at a meeting earlier that day.

The new rules, set to take effect May 1, describe how precautions taken for state secrets should also apply to unclassified information known as work secrets. The law broadly defines work secrets as information that would result in an “adverse impact” if leaked, and said specific measures would be released separately.

That article on work secrets is “the most problematic,” said Jeremy Daum, a senior fellow at Yale Law School’s Paul Tsai China Center.

“There is a risk that individual departments will overzealously identify matters as ‘work secrets,’” Daum said. He also founded the website China Law Translate, which published an unofficial English translation of the new rules.

“This limits the public right to know and also exposes people to potential liability.…….”

Add this to state secrets and social media surveillance and basically the ‘state’ does whatever it wants. A response to what and a prelude to what though…

Trek

VOD….. “ Vodafone Group Plc (?Vodafone?) notes recent media speculation and confirms it is in exclusive discussions with Swisscom AG (?Swisscom?) regarding a potential sale of Vodafone Italy to Swisscom for cash.

Subject to confirming binding transaction documentation, the parties have agreed that Swisscom will acquire Vodafone Italy for an enterprise value of ?8 billion on a debt and cash free basis and subject to customary closing adjustments. The enterprise value represents a multiple of c.26x consensus FY24F OpFCF1 and c.7.6x consensus FY24F Adjusted EBITDAaL1.”

Think I may have bought just in time. Should end the 60’s at least for a while!

Usual caveats

Trek

Hi Tyke,

They have to follow the listing rules for London main market. The problem is when they don’t there is no action taken by the MAR against the company or its brokers. I have reported this before to the MAR when Acacia were selling ‘Woodford stocks’ and not telling the market. I told the MAR 3 times the first time they said they’d coach them then on the last time they told me that they didn’t have to respond to me!

It seems to me that the problem with London isn’t over regulation, the US is as regulated. It’s that the regulators here are a waste of time and don’t protect investors so the likes of TB and Peterhouse do wtf they want!

I will not be buying any stocks where Peterhouse is broker.

Here’s the guidelines. You can read in the notification thresholds and timings in the links. The difference is if the issuer is UK or non UK not speciffic to Jersey.

From FCA handbook....DTR 5.1.2 sub para 1

“(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within DTR 5.3.1 R“

https://www.handbook.fca.org.uk/handbook/DTR/5/

Notification process….

https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/shareholding-notification-disclosure

Usual caveats

Trek

Down 5p atm. Nerves about Hunt launching unfunded tax cuts.

Every drop here to the 400’s is a buying opportunity imo.

Phnx have delivered on the numbers and shown that it can bounce back from the 400’s back to the 500’s.

It just makes it a compelling buy to bag a double digit 50/50 yield every time it visits the 400’s.

Especially if one has a long view here then it should mean divi and capital gain!

Imo Difficult to find a better income play than this one.

Usual caveats

Trek

Hi Plutus,

Not that it matters but it’s 1x465k buy. The negative means one was cancelled before the other went through.

Usual caveats

Trek

Hi Tro,

From Reuters power up daily email…. Re oversupply….

You can sign up here it’s a pretty good daily skip read if you invest in energy.

https://www.reuters.com/newsletters/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Power-Up&utm_term=022624&user_email=b2e8c97ccc6ddb76107c5b8c6d401963987d41317d2787d216d506bcf903729b

“ Qatar plans on boosting natural gas production despite a recent steep drop in global prices as part of a longer-term bet, as Reuters reports here. QatarEnergy chief Saad al-Kaabi said on Sunday a new expansion of liquefied natural gas (LNG) production will increase overall capacity to 142 million tons per year.

The tiny nation is one of the world’s biggest exporters of super-cooled LNG, which various countries in Europe and Asia have been using more frequently as they try to wean themselves off coal and in Europe’s case, make up for lost supply following Russia’s invasion of Ukraine. Asian LNG prices have recently collapsed to a nearly three-year low due to higher-than-usual temperatures during the winter.

The country competes with the United States and Australia among other big exporters. ”

The cycle should be just in time for DEC’s next hedges!

Usual caveats

Trek

Hungary on Monday voted to approve Sweden’s NATO accession bid, bringing to a close months of diplomatic back-and-forth and finalising Stockholm’s membership after almost two years.

The Scandinavian country will become the 32nd to join NATO, bringing it into the fold of Article 5 of the treaty, which vows that an attack on one member is an attack on all of them.

In a meeting in Budapest on Friday, Orban and his Swedish counterpart Ulf Kristersson vowed to overcome their differences and noted that they were “prepared to die for each other.”

Just need Turkey to join now…..oh they are in. Just difficult to tell!

Trek

Hi Blue,

I saw the 100k on PXC. I am watching from the sidelines. I wouldn’t necessarily put it down to an investor buy. Could be anything. However, if a director buy RNS comes out tomorrow that’ll be v good for holders.

I sold because I can’t see them having the cash to make the first payment on the bond coupon when if it lands.

If I was still in I would sell on financing news because of that unless they say the terms permit them using the bond money to pay the bond holders which would seem odd but not impossible.

IQAI - they had my posts removed there. So I reposted a shortened version!

I actually have it as a solid buy under 2p. It usually rises in time from lows and there’s still lots of good ops news due. Just the ceo and brokers are not operating with investors interest in mind. We are all psd off with them!

Usual caveats

Trek

Look at vol on DEC Tro, gone through roof. First two hours was high.

SP went down to 921 and now up to 990! Bonkers swing!

I reckon short closing.

It’s too risky a short there now imo. Republicans doing well, nothing came of the congress electioneering questions, x divi due soon + now a tender offer. Results also in March. I wouldn’t be surprised to see Rusty raise the divi and give the market the finger!

It’s yielding near 28% and divi has been declared. I am getting 26.51% on my holdings after the taxes! Wish I bought more under 900p but what I got looked super risky at the time. Only hindsight will tell!

Usual caveats

Trek