Member Info for WongaFC

asterisks represent male appendage, should have said Londoners...ha!

Speaking of which, how much do ****neys pay for shampoo
Drum roll.................

Pantene
Groan....

https://www.aldi.co.uk/veuve-monsigny-champagne-brut/p/052600004580000

This'll have to do for now;-)

Or Cristal, who knows we all might be sipping that one day???

Upward momentum here mirrored by Tomco and even a slight nudge north in Petroteq. You might think someone knows something???

Any leaky boats likely to be at the other side of the pond however...

Gotreal
"Remember that once you start to draw down on a SIPP then you can only ever after contribute £4K/an to it. Minimum age 55 too of course."

Partly correct but you should have added "taxable income" after draw down, as you can withdraw the full tax-free element, or part thereof, without the MPAA kicking in.

Can now sell at 3.50, makes a mockery of the tree-shake 3.15 this and most mornings!!!

Think of ISAs and Pensions as tax-wrappers, not products per say. You can hold a variety of assets in either but there are rules for both, primarily concerning "limits" for tax planning.

The basic ISA limit is simply £20,000 per annum, although other ISA contributions can be made (Help to Buy ISA etc). Pensions have no limts as such, but you are limited on how much you can contribute with tax-relief. Likewise, when drawing down pension benefits, typically 25% of the plan value is tax free with the remainder assessable for income tax. Pension rules are far more complex and you need to be aware of potential pitfalls, annual allowance, lifetime allowance, the reduced, money purchase annual allowance etc.

There are many horror stories of people misunderstanding the new pension freedom rules and paying very heavily for it.

Maybe should follow Terry Smith to Mauritius and enjoy the tax regime there, as well as the climate????

"Beware breaching the Lifetime Allowance as the tax rate is penal"

I know what you mean but it's a great problem to have and even if you have to pay the top rate 55% tax on excess, 45% of something is better than 100% of nothing. If you catch my drift...

The B/O spread is a joke and the MMs typical daily attempt to panic buyers and sellers to move before they miss the boat, or get fingers burned, depending on which camp they're in. A bid price of 3.15 is no reflection of recent sales activity, likewise the offer at 3.74.

As has been said, hang fire, the spreads will narrow once the "sucker trades" have been hoovered up.

I'm not convinced (yet) about this "rollover" theory. It can't be a rollover for ISA purposes as the £88k+ figure is too high. So, is it a rollover for CGT purposes, to crystallise a gain in this new tax-year and use CGT allowance. However, in the CGT scenario, I find it strange that when attempting to hit a finite profit value, (i.e. the CGT allowance) the sale and buy back did not involve a more random number of shares, rather than the round 2.5m listed. In addition, the two prices are slightly different??

Any other reasons for "rollover" I'm missing? Transfer of ownership, say for IHT gifting purposes would not need the shares to be sold and bought back as they would simply change ownership.

For me, two purchases of 2.5m shares, both at around the offer price at the time seems more plausible. Happy to be corrected though....

I've today taken my first stake in Petroteq too. Painful B/O spread but like Tomco, huge potential for uplift. A lot of eggs in this oil sands basket now!!! Here's hoping....

Yesterday and today sees significant (RNS) buy-ins of 67m & 48m shares respectively, with the absence of any news updates. Could the buyers have people close to the action confirming positive progress???
Just speculation of course.....

Good idea 46G.
We know the 2 IIs listed and the other 4 "majors" look like proxy holders for us mere mortals but the bottom two have me baffled.

Also, it would be interesting to know which other IIs took up the 32-33 million share-slack from the placing, although like the Bergen conversion price, we will likely never know???

Premier Miton and Canaccord both now on the over 3% holding list.

Bit strange the bottom two entries, Phibatec Ltd listed as dissolved?? and very little info to be found on Ruudowen Limited. Anyone any insights/ideas as to who these companies are??

"6 months ago we had no BioMSAR, no MSC, Morocco was looking shaky due to Covid, we had no II’s and a dangerously small cash runway."

Well said TechyRob, for us LTH the last 6 months have seen rapid progress but to newbies it might seem like snail's pace. I remember last year, being so fed up of the whole situation, thinking if the SP hits 4p, I'm selling up and getting out. A 10p price wouldn't tempt me to sell now!!!

Tomco chat around Valkor buying licences for 15,000+ acres of oil sands interesting.

While this appears to be nothing to do with Greenfield, it does suggest they have confidence in the Petroteq technology and want their own slice of the licencee pie. As they are the engineering gurus tasked with developing the technology on an industrial scale, surely it can only be good news for QFI as another, (separate to Greenfield) potential client???

Not sure if it will fall or rise, like everyone else, I do however have a further £20k earmarked for further purchase should the offer price hit 3p. Doubt it will happen though???

HotFinance
"Each shipping company has to complete a LONO as far as I am aware"

May be the case but my understanding is the LONO comes from the engine maker specific to the fuel tested in the relevant engine. This is to give the shipper comfort that the engine guarantees and warranties will not be invalidated by that fuel. I suppose the engine maker could provide the LONO to alternative shippers, based on same engine same fuel basis. Could always be wrong though???

As we come to the end of Q1 2021, I reflect back to the end of last year when I believed the next year (2021) would be make or break for QFI. With a couple of projects, (Morocco & Utah) in their infancy and the huge stumbling blocks of cash reserves and disgruntled shareholders.

So much has changed since then. The stumbling blocks are for the most part gone and the two projects move forward (if at a Covid infected snail's pace). More importantly of course, is the MSC development. I now fully expect solid progress across at least two of the three projects in the coming months, hopefully inching us closer and closer to the elusive commercial contract.

There has been much speculation on where the share price will be in future, (£1 party etc). I have my own "targets" for SP growth, which on the face of it may sound optimistic. However with the SP up around 50% in Q1, I believe there is every chance it could continue to progress at a similar rate, i.e. 50%/Quarter. On current bid price that would see us at almost 5p at end Q2, 7.5p end Q3 and into double figures by end of the year.

There is of course the possibility of falls, stalls and bad news but I believe the chances of these have diminished greatly. Further good news, project progress, further negative reports on VLSFO and other alternatives and increased investor awareness could all be positive factors taking the SP north.

As ever, time will tell but I believe my "targets" are realistic. Let's see if they're achieved in the remaining quarters of 2021.....