jaytee41
18 Jul 2019
SP thread Starting a thread to discuss the ups and downs of the SP. Milton sold quite a few yesterday and here is a good explanation as to why - courtesy of Manabouttown from LSE This explains Miton having to sell Miton UK MicroCap (MINI) has an annual redemption facility through which shareholders are entitled to request the redemption of all or part of their holding. The trust announced on 3 June 2019 that it received valid redemption requests for 14,317,907 ordinary shares for the 28 June 2019 redemption point (representing 9.4% of the issued share capital). The trust says that it expects to announce the redemption price on 1 July 2019 and, as it had previously noted, it had expected to dispatch the redemption monies by 12 July 2019. However, this will have to be delayed until mid-August. Redemption delayed due to insufficient reserves Ordinary shares may only be redeemed or purchased by the trust out of distributable reserves or the proceeds of a fresh issue of shares made for that purpose. The trust says that it does not currently have sufficient distributable reserves, given the size of the election and the impact of the financial year-end portfolio valuation. As a solution to this problem, MINI’s Board is proposing to cancel the trust’s share premium account to create additional distributable reserves. This should allow the trust to satisfy such redemption requests in full. However, the cancellation of the share premium account requires the passing of a special resolution of the Company at a general meeting and the subsequent approval of the Court, and the intended timetable for these approval and the dispatch of monies is mid-August 2019. There is approximately £87 million currently standing to the credit of the trust’s share premium account. It says that it intends to publish a circular to convene a general meeting during the course of next week and this will also contain details on the timing of the Court hearings. The company says that it intends to fund the redemptions from existing cash resources.
thefozzer
16 Jul 2019
Let me be the first New interview from Paul, it appears that even on the smallest choke size 16aZ will be targeting production of 800-1000bopd and it was previously mentioned that a decline in flow rates is not expected for at least 12-18 months. Next well 38 anticipated to be as productive if not more than 16aZ, I take this to mean that maybe well 38 will produce similar flow rates to 16aZ. This really does feel like a mid-tier oil producer in the making. Total Market Solutions – 15 Jul 19 Block Energy - Four Well Program. - Total Market Solutions Block Set Up For Second Drill Hole Paul Haywood CEO at Block Energy joined our friends at IGTV recently to discuss the companies near-term operational developments, Earlier this month the company announced an oil storage agreement allowing oil...
jaytee41
08 Jul 2019
Let me be the first Thanks for getting this sorted TP and others. JT in the south of France
theprior
08 Jul 2019
Let me be the first Except, of course, that both their operations are in the same postcode TP
hubenstein
08 Jul 2019
Let me be the first There has been a dialogue about BLOE on the FRR discussion pages before this dedicated page was set up. There are numerous common holders and a geographical proximity. Nothing more tangible than that!
thefozzer
08 Jul 2019
Let me be the first No idea bud but it’s a sell and the reason for the drop this morning.
Transcend
08 Jul 2019
Let me be the first Does delayed mean a dark pool deal? That type of thing. Shows up late
thefozzer
08 Jul 2019
Let me be the first Well there’s the reason for the sudden drop this morning, delayed sell at 0844 for 1,408,747 shares.
thefozzer
08 Jul 2019
Let me be the first Seriously don’t listen to BB posts too much as there’s so many dreamers posting and much misinformation written , read the RNS’s and look at the market cap/potential/timescales/management team/shareholder registry, macro factors and share price. Good luck, hope we make some good gains with this one.
Transcend
08 Jul 2019
Let me be the first Hi. He is heavy into fundamentals. 90% of his posts are said. Just seems to time executions technically. Don’t know much about that myself to be honest. Thanks for the warning. Wish I had you saying this on HUR. I bought high and never exited. BBs convinced me it was a great buy at 57p.
Ripley94
08 Jul 2019
Let me be the first Hi hubenstein Can you please tell me the connection between frr and this company .
Transcend
08 Jul 2019
Let me be the first He did say the price to watch for volume is 12.70… if it arrives there it’s a buy to hold. If not, under 10p is the next assessment. That was the full view. You are right. He seems to go with volumes on entries and exits. And even says he doesn’t know where they will come before they do. Could be tomorrow or in 4 months. I guess he just does it different. Listens to volume swings. Il post back here if he buys back in. Il top up if he does for sure . I only bought 30% for now of my normal stock hold.
thefozzer
08 Jul 2019
Let me be the first Good for him, he may have called it right short term but over the next few months I see this stock well north of 20p based on the news flow and production numbers.
Transcend
08 Jul 2019
Let me be the first Very true. I normally wouldnt listen. Scary thing was he exited his HUR buy at 58p with nearly the same words. Il buy some anyway. Might at well.
thefozzer
08 Jul 2019
Let me be the first It will be a trader sat behind his computer with his multiple monitors. Wouldn’t read anything into this with the news we could get over the summer months. Like I said, the stock is slightly overbought so a little cooling down isn’t a bad thing.
