Member Info for Walkley

10% uplift - is that enough??

On ii my vote now says expires 25/3/2024 - not much use for a meeting on 28th.

At last being recognised as a stable operation. Significant cash and assets- no borrowing- expect increased dividends including special dividends and perhaps share buybacks.

Voted against the Court meeting again on ii but previously were 2 votes one for a general meeting- what has happened to that. Am sure the BOD are following the rules otherwise they would be in serious trouble. Calling them and the bidders names is childish and doesn’t help.

Or could just stay as a listed company making money for shareholders. BTW calling the bidders names such as sneaky and worse is not acceptable- they tried to buy at as low a price as possible., which is what we are trying to do in this casino. That they failed means they misjudged the market - that’s all.

Gradually moving over 13.5p - Do think a statement from the board about their intentions is overdue. I assume they did not get 75% acceptance but would be helpful if we were told how close the vote was. Is the boards plan to try to get a higher bid or trade as an independent business?

Cash at 31 Dec 2023 - £209.3m (31 Dec 2022 £195.8m) despite share buy back and special dividend.

From RNS:

Returning excess cash

We continue to assess the cash requirements of the business to ensure the Group remains well positioned to deliver on its Sustainable Growth Strategy and has sufficient funds to invest in the business. In September 2022, having reviewed the Group's strong cash performance and ongoing capital requirements the Group launched a share buyback programme of up to a maximum of £15m. On 17 November 2023 we announced the completion of the share buyback programme with a total of 8,404,148 shares repurchased and subsequently cancelled, representing approximately 7.5% of issued share capital. In addition to this, the Group paid a special dividend of 12.0 pence per share (amounting to £12.5m) on 27 October 2023 as announced on 8 June 2023. As previously announced, where average month-end cash and PPP assets increase above the level required, the Board will consider making additional returns to shareholders.

That the price has held since the vote on the bid was adjourned (AKA voted down) is encouraging. I assume existing bids will still be valid if the meeting goes ahead on the new date. I think most on this board want to own a share in what promises to be a profitable operation. Let's hope we get some more info on trading before the meeting if it still goes ahead.

Sorry found that it is 1pm on 29th . Alltogether day!!

When is the day of the vote? I thought it was 26th.

Seems to be edging down and as you say will go either one way or another on news. Plan is to buy the day before the RNS is out then at least will be the lowest price if the RNS is positive. Trouble is I dont knw when the RNS is coming!!

Contract wins announced. Look forward to results "The Group expects to announce its results for the half year on Wednesday 6 March 2024."

Had voted against on ii site - or thought I had - but have bought some more since then and have had to vote again.

When will the Pendragon payment be made so that this becomes a software only business?

Have sold, but wondering about buying in again. The wait for a RNS seems to be interminable. Will the independent analysis confirm the 4.7% He figure - this was the best result but what was the average? Will there be any indication of actual flow rates - 4.7% of what volume? A massive gamble on the market's reaction to the RNS.

The independent testing is taking longer than expected - surely all depends on whether the results confirm the on site results. Anything over 0.5% Helium would apparently be viable but would a result less than 4.7% be considered bad news?

Can anyone explain the multiple trades of 1 or 2 shares. The share looks very good value - hope for more share buybacks and/or an increased dividend - perhaps a repeat special dividend. Final results due 6th March

Hydrogen not very important - there are two atoms of it in every water molecule! More interesting is the 80 degree temperature found in the hole a possible geothermal energy resource.

But how big is the market they are aiming to lead? How do businesses move data now and how much are they prepared to pay for the service?

61,500 - voted NO on both on ii. Surely the board will see the votes against mount up and withdraw their support for the deal.