Member Info for TrekMadone

My post at sat 09:49 refers to jtds post of sat 07:42. The most brilliant research. Full credit to jtd and what BBS are all about.

Fill ya boots (imo) touchstoners!

Trek

I’m really pleased stt that you are able to post the weekend. I totally agree with the principles of wfh and especially if you are balancing childcare with work. Wlb is very important. I kept asking you what is your motive for posting here, a straightforward question that you consistently dodged. But hey I get it and I even ticked up one of your posts! There how’s that but if you wanna deramp you gotta look at how the future will be impossible for Byotrol, and unfortunately the cv19 outbreak will lead to a monumental change in human behaviour. When your on the underground, protect yourself with proven hand hygiene, in airports, supermarkets etc. Picking up a hire car, using the gym (there is etiquette there already), my child at nursery! The list is endless! Now if you said (gosh am I helping) our marketing is not yet capitalising on recent opportunities I’d kinda agree and give you another tick but please don’t try to use the reason why I sold out many months ago as a reason not to buy today coz I’m good at this. Retired at 51 self funded and off on a cruise next week with Byotrol hand gel! See this is a long term winner following the Medimark integration. Sincere apologies for any ostentatiousness, it’s not me, I just stooped (low) to make a point. Good luck whatever your position.

Trek

Surprised no one has posted these comments from omj yet. Keep the balance guys!....

Bahamas Petroleum Company (BPC) announced that its Bahamas mutual fund offer has flopped, raising only £700,000 at 2p. The locals were not as stupid as they thought and weren't lured in by the 3p+ price put up in the London market. I suspect a more conventional placing now will be coming up and at a somewhat lower price. They have to drill this year, or they lose the licence, so not much choice.

Well let’s get it on the BB and discuss. Mark of maturity imo. Firstly this is at complete odds with last rns that states first drill funded and we only need the mf for working capital (I have concerns there posted before but for different reasons) but fact we’re funded. Other point is omj has called bpc wrong repeatedly and if he’s such a great pundit why does he want £30 or whatever it is as a subscription. Don’t get me wrong he’s made good calls especially on the short side but you get my point. If he was that good he’d be sunning himself.

Trek, unperturbed!

Hope so and happy to be corrected, I am aware that they don’t have to but the can force a price at the highest price of 12 months. They would need 50% of votes. Anyways hope it doesn’t come to that...

Requirement for particular forms of consideration: If any shares are acquired during the offer period for cash, or 10% or more were acquired for cash during the preceding 12 months, the offer must be in cash (or include a cash alternative) at not less than the highest price paid during the offer period and the preceding 12 months.
Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target’s voting share rights, the bidder must make a mandatory offer in cash at no less than the highest price paid during the preceding 12 months (often referred to as a "Rule 9 offer"). Mandatory offers can only be conditional on the bidder receiving acceptances that, together with any shares already held or acquired during the offer, would give the bidder and its concert parties more than 50% of the voting rights. As such, bidders cannot rely on other conditions to protect themselves.

https://www.burges-salmon.com/news-and-insight/publications/guide-to-public-takeovers-in-the-uk/#stakebuilding

Trek

Unfortunately it’s not always up to share holders, as I mentioned another company I am invested in Directa Plus, DCTA, a US billionaire Patrick Soon-Shiong, bought 20 odd % of the stock from seed investors and an institutional investor that wanted out. So I did a little research and also contacted the company as I had reservations about some of the TR1’s. He then used his broker, Merrill Lynch, to pick up the extra stock to take him from around 22% to 28%. A most excellent poster, itsyou, shared the trading tags with me so we knew they were all going the pss and he posted the TR1 to the exact number of shares the day before it was announced, twice! But the short of it is if PSS buys another 2% he can then buy the business by paying the highest sp of the preceding 12months which would imo significantly undervalue Dcta and there is sd all I can do having supported the co for two years.

So applying my limited knowledge back to TXP. We do not know where shares are going, they can be held in nominee accounts and if overseas its 5% before a TR1 is issued. A friendly takeover offer that is reasonable has to be put to shareholders but a hostile one doesn’t. If someone got to 30% here whilst unlikely it’s not impossible, a takeover could be forced. However, I think it’s more likely that Shell will farm in to TXP, possibly to speed up Royston and Chinook, see what’s there and then buy TXP.

The more I toss this around the cheaper 40p looks and the less likely I think TXP will be around in a year from now and just going by poster sentiment I think we’d feel robbed at £1, as I would over at DCTA with a low ball offer. Still it helps those buying in should the sp dip a little coz we’re buying stock for 40p that’s really at least a quid a pop. As a starter!

—

"Certain voting rights to be disregarded (except at 5% 10% and higher thresholds)
DTR 5.1.5 R 26/11/2015
RP
(1) The following are to be disregarded for the purposes of determining whether a person has a notification obligation in accordance with the thresholds in DTR 5.1.2 R except at the thresholds of 5% and 10% and above:
(a) voting rights attaching to shares forming part of property belonging to another which that person lawfully manages under an agreement in, or evidenced in, writing;
(b) voting rights attaching to shares which may be exercisable by a person in his capacity as the operator of:
(i) an authorised unit trust scheme;
(ia) an authorised contractual scheme;
(ii) a recognised scheme; or
(iii) a UCITS scheme;
(c) voting rights attaching to shares which may be exercisable by an ICVC."

https://www.handbook.fca.org.uk/handbook/DTR/5/1.html

Trek (thanks to DGW for the DTR link)

I think we’ll see 6p here. It’s not a complicated process producing this stuff the difficulty is the scale. I expect they are recruiting and splitting the teams into shifts to keep the factory going pretty much around the clock. In this climate it’s pretty much printing money as it’s sold before you even produce it.

I note the two large delayed trades end of day. I suspect they should clear out soon.

Trek

I may not be as good at the calculations as folk here but I am pretty good at reading things, my buys a BYOT, NCYT and 40pts on a HSBA short as cv19 hit the headlines are recent examples.

Jtd’s post 7.22, ‘heartland exploration’ together with Hudson’s comments ‘crisis’ and ‘action’ tell me that they have a project that is budgeted with a green light. Talking about such things publicly is clearing a path and setting expectations. Shell are under immense pressure to deliver on their revenue guidance near and long term. They are expected to keep their divi which I believe is now only cash with no scrip option and only covered with just over 1 x earnings. Buying TXP having revisited their seismics is gonna close a gap more immediately than poking expensive deep sea holes. But what else will bring on the urgency is BP could also bid, unless they’ve done a handshake but then do not rule out Exxon who are working with analogous geographies in not so far off Guyana.

Not may small E&P companies that find a big one go on to survive. The ones that are around tend to exist by buying the scraps off the big boys.

Dana, imo your attitude is spot on to sell elsewhere and load up. So many investors just hang on to stocks because they look cheap and the market thinks otherwise. I exited, bar a few, from SAVP at 20p to protect my capital. All my research says it’s seriously undervalued but the market doesn’t agree. It’s our own call but it gets to a point where you gotta decide. Likewise the old saying ride the winners is so true. There is nothing like averaging up and imo TXP is a winner and pretty derisked, well as much as possible in this business. I to will be doing yet another reshuffle on Monday to buy here.

Gla

Trek

woodaldo, love it. Some of your prophesy may come true especially with XRP if it does indeed set free the emerging economies of the world. Re two years I kinda think many here would have a free carry by then. Anyways I know the feeling waking up in the morning and thinking did I actually post last nite and then having to click on my own handle to see where and what!

All friends here, drink plenty of water!

Trek

£1

1GW, you may be correct because the rules differ for international (5%) or uk listed (3%) companies on AIM. I would normally dig first and reference but having a glass of red and relying on my memory. All good here, imo, not even bothering to check up on stt now. Gotta spend time the weekend double checking my HSBA short, creamed 40pts off of cv earlier. Tell ya what though hedging blue chips is easier than finding aim winners and DCTA is imo gonna be one.

Peace to all have a great w/e esp stt. There’s more to life than this.

Trek

In the money already! Results this week, expect dividend to be held but cover reduced and the all important outlook to be... lipstick on a pig! Mmm so what about the SP. well don’t forget the ex date this month that should take a few pence off. Use guaranteed stops, bit of a misnomer I know but they work well with bluies. Easy money from here especially if you followed Treks other tips.

GLA the little people

Trek

I reckon FIL have taken advantage of the market to offload a few more. They were 6.2% and dropped to below 5% in October, given the recent volumes and that the Newland’s and Bottomley’s have been recent buyers, probably providing a market for FIL, I wouldn’t be surprised to see a TR1 RNS next week saying FIL sub 4% or even straight to sub 3%.

Lots of insti’s gone off aim following Woodford fiasco so some are selling. Thing to recognise here though is that there are buyers not just the HNW individuals above but someone in background coz the price is going up which I bet is why our resident stt is here. It’s much cheaper to buy Byotrol than navigate all the fda hoops and a lot quicker if you want to market something on the back of cv19. I mean we are £14m MCAP. The likes of Unilever could turn that over and some in a week with a product launch. This is going to get very interesting especially if a hand is revealed via a new TR1 although they tend to use nominee accounts for concealment if building a stake.

All early days and lots of legs in this one!

Trek

I was just going to post the same comment re TSX.. I think Tuesday for RNS, TXP seem to be quite traditional with Tues/Thurs news. I still can’t get my head around why there is not even any expectation costed in yet. Surely COS is 99% for tests.

Now 12%

https://www.google.co.uk/search?safe=strict&sxsrf=ACYBGNREXma1c-fu1w64n4w4Wf7x9e6sfg:1581697173576&q=TSE:+TXP&stick=H4sIAAAAAAAAAONgecRoyi3w8sc9YSmdSWtOXmNU4-IKzsgvd80rySypFJLgYoOy-KR4uLj0c_UNkrOzsgwLeRaxcoQEu1ophEQEAACSxzQXRQAAAA&sa=X&ved=2ahUKEwjxjaaRudHnAhUN8hoKHZ9tDo0Qlq4CegQIARAU&biw=1024&bih=729&dpr=2

Trek

Nice to have a little O/T while we wait. I’ll look into your tip Dana, I hold a for me significant position in DCTA. A disruptive graphene tech stock. It’s now got graphene into tarmac, being trialled on airport runways and even M25. Think of it like inventing cats eyes! Also an American multi-billionaire with his own tech company has bought 28% of stock and took up placing at higher SP (at time). They got loads of stuff going on and revenue positive. Well under radar still but that will change in August. I’ve been there 2 years now as watching it grow and partook in both placings. They don’t need to raise now following a cash cow acquisition.

I’m also in Byotrol, byot. They have a patented medical grade hand gel and surface cleaner. Shipping loads to China. I was invested there a year ago sold and bought back in recently as their product is FDA approved and proven effective against cv for 24hrs. No other, to my knowledge can make such a claim. A couple contracts or more likely a takeover me thinks.

Good luck to all us little people. As always dyor etc
ATB
Trek

Absolutely Broomfielder, you’ve done a better job of assessing the potential risk against the Sp than stt who keeps looking back. The crux is can the BoD capitalise on the cv news. As simple as that. I am biased with a substantial holding now in the yes camp, you are by the sounds of it hedging a little in just in case, fine, and stt still can’t quite get his head around it. But then he’s obviously, imo, being paid. The volume here and the sp rise, (just look at the charts of byot and ncyt, very similar) says it all really.

Now what will happen if we get an RNS linking our products with cv? It’ll come.

Trek

Dana,

You are the real McCoy, a genuine guy. Thank you for sharing your knowledge here.

Trek

Yep, I called 3p, must say it’s come about quicker than I expected. We have had someone selling into the rise which is great for liquidity and there are list of buyer. I expect to see a whole Penny day sometime soon and 6p.

Sorry stt but at the end of the day it’s the sp that matters, thanks for your help with that, your just gonna have to tell your paymasters that they’ll need to pay more!

Trek

flava,

Not sure that’s called for. Check my posting history before such rudeness which I’m sure is out of character. Some people do share and glean info from BB’s

Apologies to holders here.

Trek

I’m not in the habit of posting across screens but as a holder here, peeps may wish to research Byotrol, byot.

They are the only listed seller of medical device hand gels and surface sprays with FDA approval that kill and prevent CV. The share price is only just starting to move. There is a resident deramper there bashing the stock for obvious reasons as they have a white label version that can be mixed into existing brands. So think Flash, cv etc

DYOR, GLA the little guys!

Trek

From bbc health advice...

Avoid touching your eyes, nose and mouth - if your hands touch a surface contaminated by the virus, this could transfer it into your body....

So good for clinics, surgery’s etc to use medical device cleaners.

Trek

Here’s what ground zero is like, we’re gonna need loads of hand gels and sprays. I also think such is the threat of these superbugs that medical device gels will become the preferred norm. But that’s looking forward!

https://time.com/5783838/coronavirus-symptoms-wuhan-survivor/

Trek