Member Info for TrekMadone

SEPL look at the 5 year chart. It’s off again.

More big divi hikes to come!

Trek

And the 5 year chart here is an absolute thing of beauty! Especially if you factor in dividends!

Trek

Hi plumbs.

Because of increased liquidity. Many platforms don’t allow AQSE trading. So many retail locked out.

Delay… not really, Rost is progressing, rest will follow. That is what we have been told.

Usual caveats

Trek

TW. Now 101.6 I bought at 96’s,7’s and 8’s!….Just figured it had gone too low. Targeting return to +120.

Santa should help!

Trek

I bought some GRI. Landlord - quality properties. Not gonna be a rocket. Just a few % or hold. That’ll do! But safer!

If Rach who hates landlords doesn’t mention em today GRI might get a lift. Also may bounce after budget.

Mind you she will probably announce something to help tenants and then landlords put their prices up coz of increased risk and hassle!

Seems to be a pattern of unintended consequences with mp’s

Trek

It’s also known as a spoof trade here in uk. If that is what it was it’s when a trade is posted and quickly cancelled. This generates a false volume spike and gives buy/sell price discovery. Also illegal. My words not AI so best check.

Usual caveats

Trek

Picked up a few and will add if it drops. But I have it bouncing here and just may rerate once budget is over.

Rachel from accounts doesn’t like landlords so SP spooked imo

But I have bought down here for solid divi and excellent divi growth!

Kind of hoping to get more lower as long as the outlook and 98% occupancy remains on track!

I note one short has reduced as well. IG now 100% long.

Could see it bounce through 200p pdq and even 190p today if Rach doesn’t mention landlords in her rallying call for growth today! lol!

Usual caveats

Trek

I wish he’d just spit it out!

Still 7:40 don’t need to raise money for any part of the business

Trek

Trek

So take your pick 3p, 4p, 6p, 10p and 15p.

Remember these provide funding at a majority higher sp.

What to look for is to tot them all up on a spreadsheet with the start dates and exercise dates. Then you can be a knowledgeable trader.

You also need to. Note that Nick has taken shares in place of cash. I wonder why!

Usual caveats

Trek

These are the Jun 24 ones

“ The Company has conditionally raised £864,468 (the "Fundraise") through a fundraise of 28,815,606 New Ordinary Shares at an issue price of 3 pence per New Ordinary Share. For every two New Ordinary Shares issued pursuant to the Fundraise, investors will receive one warrant allowing the holder to subscribe for an additional new Ordinary Share in the Company at an exercise price of 6 pence per Ordinary Share, exercisable within two years up until the second anniversary of the date of Second Tranche Admission (the "Warrants").”

Trek

Theses are the April ones

“ For every new Ordinary Share issued pursuant to the Fundraise or the Follow On Fundraise, investors are entitled to receive one warrant allowing the holder to subscribe for an additional Ordinary Share in the Company at an exercise price of 3 pence per Ordinary Share, exercisable within two years of the date of admission to trading on the Aquis Stock Exchange AQSE Growth Market of the Fundraise and Follow On Fundraise respectively. In aggregate 41,749,650 warrants have been issued pursuant to the Fundraise and the Follow On Fundraise.”

Trek

These are the June warrants

“For every two New Ordinary Shares issued pursuant to the Subscription, investors will receive one warrant allowing the holder to subscribe for an additional new Ordinary Share in the Company at an exercise price of 4 pence per Ordinary Share, exercisable within one year of Admission ("4p Warrants") and one warrant allowing the holder to subscribe for an additional new Ordinary Share in the Company at an exercise price of 6 pence per Ordinary Share, exercisable within three years of Admission ("6p Warrants"). In aggregate 25,745,500 warrants have been issued pursuant to the Subscription, subject to the Company receiving shareholder approval for the required allotment authorities. The warrants will not be tradeable, nor transferable or CREST-enabled.

It is a term of the 4p Warrants that they must be exercised into Ordinary Shares in the event that the closing mid market price of an Ordinary Share is above 10 pence for a period of five trading days.

It is a term of the 6p Warrants that they must be exercised into Ordinary Shares in the event that the closing mid market price of an Ordinary Share is above 15 pence for a period of five trading days.”

Trek

RNS out

EnergyPathways (AIM: EPP), an integrated energy transition company, announces that, further to previous announcements made regarding the application made by the Company for s35 (1) application by EnergyPathways, the Company is pleased to note that DEZNZ has confirmed that, having considered the details of the Company's proposals, the Secretary of State concludes that the Proposed Development is nationally significant and that the Proposed Development is to be treated as development for which development consent is required.

The Company will issue a further announcement in this regard as soon as possible.

Trek

I wouldn’t hold weight to end of September date. Like I said the next steps hinge on ROST.

Any slip from here imo is another buying opportunity.

That view is based on bubbles!

Usual caveats

Trek

Mdh - keep some back for +20p tro.

Free carry incoming even from 8p imo! We’re due one!

Trek

Went to 9p intra day on BTC treasury spike. There wasn’t that much volume either.

Need ROST results then the prospectus which will include the updated CPR. Thats why we need the ROST numbers as they will with any amount of commercial heluim be transformational/ let alone 5.4%!. So no point in CPR without it.

Rest of prospectus should be on the shelf waiting to go.

Then it’s the RTO and relist on AIM which is really just regulatories.

Price should move up significantly on listing. I expect 10-12p for starters to reflect offtake contracts and revenues. That’s only approx 12m mcap.

They loaned money at 3p to Mendell so that will be the min IPO price. They may also raise say 1m in the IPO + there will likely be director options which are normally locked in for a year. But all in all even an extra 1-2m on the IPO should still drive a significant listing premium.

There’s only 115m shares. A 15-20m mcap here for a producer with revenues and significant growth potential with cheap wells ready to drill really wouldn’t feel expensive. Especially on a peer basis.

But I wouldn’t be surprised to see this then taken out for the IP used at ROST.

ROST is absolutely key to the next steps hence sp being held back atm.

Could really motor if market sees good Rost data.

Usual caveats

Trek

Topped up at 117 and a bit …. Discount here is insane and only explained away by high bond yields imo.

These are hard assets valued at near double mcap and this is too heavily discounted on a peer basis.

Happy to take quarterly yield!

Usual caveats

Trek

Well I am surprised it’s down today as this money was raised at a much higher sp so less dilutive than doing it today.

Perhaps the market was expecting more on yellow rather than just q4.

Still with a low mNAV this share is an intriguing proposition at this level. A move to AIM should be a priority imo.

Usual caveats

Trek

Cash at beginning of period 286,999, cash at end of period, 3,478,246

Trek