The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I'd rather have people on this bb being realistic than at one of either end of the spectrum. Massively ramping or deramping doesn't help anyone at all and if anything just sows confusion. Doesn't help right now we are all sat here waiting for some kind of news with no idea of when that's going to be.
Stuck in one since 31st and doesn't want to break out of it. Kicking myself for not at least taking some profits back when it was at 11-12p. Anyone wanting to guess where the SP will end up today? Massive spread doesn't help but I'm taking a guess at between 8.8 or 8.1 which is mind-boggling in percentage terms.
https://i.imgur.com/gkPeDQi.png
Not sure if and how relevant is this but still an interesting read.
Rule 15: Fundamental changes of business
The consent of shareholders for a disposal may not be required where it is as a result of
insolvency proceedings. The Exchange should be consulted in advance in such circumstances.
The nominated adviser must inform the Exchange when an AIM company for which it acts
becomes an AIM Rule 15 cash shell or there is a possibility that it has become an AIM Rule 15
cash shell. Where there is any question as to whether an AIM company has become an AIM
Rule 15 cash shell or the point at which it becomes an AIM Rule 15 cash shell, the Exchange
must be consulted as soon as possible.
Where an AIM Rule 15 cash shell does not intend or wish to undertake a reverse takeover in
accordance with rule 15, it should seek to cancel its admission in accordance with rule 41 (in
the case of a disposal requiring shareholder consent under this rule, this should most usually
occur concurrently with the shareholder approval required for the disposal). In such
circumstances, the AIM company, taking the advice of its nominated adviser, should consider
whether funds should concurrently be returned to shareholders, seeking the approval of
shareholders where appropriate or necessary.
Where, within six months, an AIM Rule 15 cash shell does not complete a reverse takeover as
set out in rule 15, the Exchange will suspend trading in the AIM securities pursuant to rule 40.
So basically just a waiting game until then.
So the last update we got in regards to how well the company is doing on the day the share was reinstated. (27th Feb) what period is that referencing? It says at the top "Interim Results for six months ended 31 May 2019"
Does that mean they still need to declare how the company did from after 31st May 2019 till present date or what? I know there are some dates which state 30th Nov 2019 but that's still 4 months of important information which includes Xmas period and the current situation going on around the world right now.
I also know the FCA asked all companies trading on the UK stock market to propose their result for at least 2 weeks which would include this company too. So when are we expecting a trading update? Next week or more like the end of the month?
I'm going through the RNS to get an improved picture but this bit confuses me.
I love the sea of blue buys, the SP drops and expecting to see a red sell but nope just more buys.
Is that as in support or ceiling resistance??
I'm just angry that in 2 months we as long term shareholders have been hit 3 times. The ex-divi date, virus pandemic and now Barclays pulling the dividends. I wouldn't of mind if they cancelled it not long after ex-divi with a statement but no. They waited until 2 days before payment and pulled it. So I'm sat at 40% paper loss with at least 10% due to their sheer incompetence and lack of due diligence. I can't even average down right now as prioritising my money elsewhere.
One of the reasons for the drop this morning. See if the SP recovers throughout the day.
I'd say hope it drops like a brick but then be unfair on the shareholders who have been screwed 2 times now but really salty atm with the pull of the divi. I pulled a big chunk of money out at a loss to shore up my other holdings and the divi would have reduced some of the loss a little bit more. Still invested here with some of my money but don't have the funds to average down right now.
I think we will still get the dividends in 3 days simply because it's already gone ex-dividend and long term shareholders took a hit when it did. Plus the payment of the dividend is from the profit they have already made. Any future dividends, I expect will be either cut or cancelled.
Don't forget banks will still be pulling in the revenue. I'm guessing it's just the last half of Q1 from mid-feb when their revenue would have taken a hit. Won't really know till they announce Q1 around the end of April.
Sellers sat waiting with limit orders I'm going to guess. But really not sure tbh.
to take a breather. Too many people on here are trying to make it out as they can predict which way this SP is going to go in the short term and are wrong almost all the time.
Be patient and if you think this SP will be worth more in the future then keep holding or add more. If you're the opposite then that means it's one of 2 reasons. Wanting the SP to get lower so you can get on board or being a typical troll by somehow getting enjoyment out of maybe trying to get other people to lose their money. Which if that's the case then there is a serious problem with you.
I'm here for the long term but the amount of rubbish on this board is just horrible. If you haven't got anything useful and informative to add then it's best, not worth sharing it.
Hard to say really. Already went ex-divi before all this kicked off. I would of expected some announcement a little before the payment is due. Leaving it till last min and then pulling it won't go down well with many shareholders. Future dividends sure but not after many shareholders took the price hit on when the SP went ex Divi.
It's a shame they don't sell in bigger chunks. But I guess it would lower their average price massively and there wouldn't be enough buyers to purchase them all.
Than buys and still in the blue. I'll take that as a good sign. It could be better but I'm a glass half full kinda person.
Not surprising the SP is bouncing around a lot this morning. Give it a few hours and we should start to see this push even higher. Got the morning day traders more than likely trading this.
Think we might have someone who is buying up all these sells. As the SP is holding up very well atm.
I'm still here too. Not sold any yet.