The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Chiddybang, I don't believe there is any near term placing coming simply because at the last AGM shareholders voted against the BODs ability to place shares!
They have a funding facility in place and have taken the first £500k on June 12 but they have to start paying it back (not just interest) in 180 days after drawing it and complete the payback over the subsequent 12 months. The only open funding available to the BOD and their stated policy is to sell WYLD shares or one of their other investments. Tern's current cash burn run rate is ~£150k per month but they may look to reduce that in order to attempt to placate shareholders.
There appears to be a large number of new Tern shareholders posting on the board now since the Wyld NON-RNS announcement. I would strongly advise all to research the latest RNSs, company presentations, Investor Q&A sessions, Capital Market Days, certainly at least for 2023 - all available on the Tern PLC website. These should be your source of information to enable investment decisions to be made.
Please DYOR.
Tricky, you do realise that Progressive are actually paid by Tern to produce this report? Its not independent. Consider it part of Tern's marketing effort.
NOTE: Progressive's research is commissioned by the subject company under contract, and is freely available to the public and institutional investors. Progressive does not offer investors the ability to trade securities, and Progressive does not provide investment advice. Our publications should not, therefore, be considered an inducement under MiFID II regulations.
Newuncle, Classic Ramping without offering any supporting data, absolutely disgusts me. Anyway, thats me finished for today wasting my time here, GLA.
InvestorACE, post a link to back up what you say!
Newuncle, just tell me what facts I have posted are incorrect, with supporting data of course!
Flava, Spreadex isn't shorts. It's spread betting, you don't have to purchase Tern shares because your bet is going against you.
You might want to look at these:
https://uk.advfn.com/toplists/free/most_shorted
Tern doesn't make the top 100.
https://www.ig.com/uk/shares/markets-shares/tern-plc
100% of clients are long.
I realise this may not fit the current narrative on the board but I like to understand facts.
Alwayswinning, so you don't have any figures or evidence then?
Alwayswinning, so tell me, how many Tern shares are actually shorted and where is the evidence for that?
A lot of ramptastic nonsense being posted here by people who have jumped in today hoping to suck in others so they can get their profit. I am speaking as someone who first invested in the shares since 2015 and have seen the various spikes based upon very little of substance. Undoubtedly good news from Wyld today but the Wyld share price rise was much more appropriate for a new partnership and frankly the Tern rise looks like a classic pump and dump spike.
Beza,
QUARTERLY dividends of US$ 1.5 cents per share, see page 16 of latest corporate presentation.
https://petrotal-corp.com/wp-content/uploads/2023/06/PetroTal-IP-June-20-2023-Final-Version.pdf
I messaged Hargreaves Lansdown regarding the tax treatment of DCUs, either disposal or distributions received. This was the reply I received. I held all my HUR shares in my SIPP.
"I can confirm that any proceeds received from the Prax Exploration & Production plc DCUs will be issued into your HL SIPP Income Drawdown account, and these will be part of the pension."
Good news for me at least.
If its "people in the know" who are selling then they aren't very big holders. £55k sold so far today versus an MCAP of £8.4MM. More likely being people unwilling to take the risk with news now a day or 2 late in my opinion.
I have been a holder here for 10+ years and supported the recent Open Offer (and several before) including significant excess application. I wonder has Quadrise ever applied for Government Funding for R&D (above the usual tax credits) from the various options purporting to support the Energy Transition? Surely some effort in this direction would be worth considering?
Whilst disappointed with ongoing project slippage at Quadrise I was really surprised at how little the current BOD applied for in the Open Offer and indeed CEO aside how few shares they already hold!
If Board membership was determined by share ownership then I suspect none of the current BOD would be in place.
Interesting and detailed article on DEC from a US perspective. The article requires you to sign up for a free account. Seeking Alpha has pretty good free articles.
https://seekingalpha.com/article/4617934-diversified-energy-a-15-percent-dividend-yield-thanks-to-its-strong-hedge-book?utm_campaign=%7Clogin_now_link&utm_medium=email&utm_source=seeking_alpha
GingerHippo, a slightly larger quote from your article:
"t is for this reason that, in the long term, reducing dependence on imported foreign oil is a focus for Jamaica. Introducing more renewable energy sources, such as solar and wind, is a strategy being pursued by JPS and the Government. By incorporating more renewables into the grid the country aims to have more control over energy costs and reduce environmental impact."
GingerHippo, Would you not agree that GCOS and he chance of a farm-out deal are directly related? ie the lower the GCOS, the higher risk for the farm-inee and therefore lower possibility of a successful farm-out deal? Of course the POTENTIAL reward comes into that equation as well for a potential partner.
I simply didn't understand how you concluded "the high chance of getting a farmout deal" from the content of your post.
Let me be clear, I want a good farm-out deal as well but I am obviously not as confident as yourself.
Loads, Yes the H1 audited results have not been released yet but just look at the information available:
Much lower revenue -35% ($6.4MM vs $9.8MM)
No Disposals ~$4MM last year
Cash reduced by ~$1MM versus 2022 year end.
Last years full year profit was $2.3MM
How can they be profitable in H1 with those negative factors totaling about $8MM?
There appears to be no urgency on the part of the Board or Chairman to engage with shareholders following the removal of the CEO Al Sisto from the board by shareholders.
Following what has transpired at Bidstack, it appears that until a General Meeting is requisitioned by at least 5% of the shareholders the Board will continue to treat shareholders with contempt.
Loads, I guess we will have to disagree. Your statement:
"Vistaman revenue is revenue making $$$$$$$$ money and pays for re-investment into uog capex"
You can't keep operating with negative profits and near to zero cash whether you are receiving revenue or not. To keep the bank away from your door you will have to sell things (disposals) or reduce your outgoings (lower salaries / reduced capex) or find an investor (raise or takeover).
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