OmniChart

LLOY frog_in_a_tree 21 Feb 2020

Time to ask if CEO needs to go? How do critics like Stutes know that LLOY might not have been worse off without Osario’s leadership? The ship was holed by rip- off PPI theft well before he was appointed to clear up the mess. Stutes may well have been one of the LLOY shareholders lapping up divis delived through the PPI scandal? For now the sp is going nowhere but there is once again a decent stream of dividends. Frog in a tree

LLOY jackdawsson 21 Feb 2020

Time to ask if CEO needs to go? stutes: The current share price is below the price when CEO joined - time for the directors to be held to account for the strategy and lack of value added. Hi @stutes, If using that criteria then nearly every banking CEO should go. Some well before others. What exactly will a new CEO will achieve in the current economic climate? Look at BARC & RBS. Their changes in CEO achieved sweet FA as much of UK’s financial sector has been vulnerable to too many macro-factor uncertainties since at least June 2016’s EU Referendum. That’ll continue for the foreseeable future. So a change in CEO seems highly unlikely to make much difference. - GL.

OEX Totally_Wired 21 Feb 2020

RNS-Historic 21 February 2020 ASX: OEX AIM: OEX Strong Funding Support for Cooper-Eromanga Oilex Ltd (the Company) is pleased to advise that Doriemus plc (Doriemus) has successfully completed a conditional bookbuild to raise A$4.5 million via a placement of Doriemus shares and options (Placement). A copy of the Doriemus press release is set out at the end of this announcement. The Placement by Doriemus will, upon completion, satisfy a key condition precedent to the proposed acquisition by Doriemus of the Company’s portfolio of Cooper-Eromanga Basin assets, as detailed in the Company’s announcement on 29 January 2020 (“Acquisition”). The Acquisition remains subject to a number of other conditions precedent as set out in the same announcement. The proposed Placement will be completed by Doriemus at an issue price of A$0.035 per Doriemus CHESS Depositary Interest (CDI) together with one (1) free option for every three (3) CDIs subscribed for in the Placement. Each of the options will have an exercise price of A$0.08 each and to be exercised at any time up to the date that is 4 years from the date of completion of the Acquisition (Options). The Options will be listed on the ASX by Doriemus subject to meeting certain ASX listing requirements. The completion of the Placement is subject to Doriemus shareholder approval at a meeting on or around 12 March 2020, and completion of the Acquisition. If completion of the Acquisition does not occur, no CDIs or Options will be issued under the Placement. Background On 29 January 2020, the Company announced that it had signed a binding Heads of Agreement (HOA) with Doriemus, an ASX-listed company, for the proposed sale of all of Oilex’s interests in the Cooper-Eromanga Basin to Doriemus. Amongst other conditions, Doriemus was required to complete a minimum capital raising of A$3.5 million. Details of all the material terms of the Acquisition, including the conditions precedent, are detailed in the Company’s the same announcement. Commenting on the transaction, Managing Director, Joe Salomon, said: "The Doriemus capital raising, which was well supported by investors, is a critical milestone for the completion the spin-out of our Cooper-Eromanga assets. Oilex retains a significant interest in the value potential of the Cooper Eromanga assets through the 25.5 million Doriemus shares it will receive as consideration. " For and on behalf of Oilex Ltd Joe Salomon Managing Director

VOG Totally_Wired 21 Feb 2020

RNS-Historic 21 February 2020 Victoria Oil & Gas Plc RSM and VOG Arbitration Victoria Oil & Gas Plc, whose wholly owned subsidiary, Gaz du Cameroun S.A. (“GDC”), the onshore gas producer and distributor with operations located in the port city of Douala, Cameroon, provides shareholders with an update on the status of arbitration between the Company and RSM Production Corporation (“RSM”), GDC’s partner in the Logbaba concession with an 38% non-operated interest. The Company previously informed the market that, on 22 July 2016, RSM had filed a request for arbitration with the International Chamber of Commerce (“ICC”) pursuant to the Operating Agreement between the parties regarding the rig and drilling contractor selected by GDC to conduct the drilling of two new wells at the Logbaba project. In January 2019, the subject of the claim was withdrawn on condition that RSM pay GDC’s costs, which it did. In another ICC arbitration filed in October 2018, which RSM amended in August 2019, RSM is asserting material claims primarily related to final invoices for the drilling of the two wells, La-107 and La-108, and certain audit exceptions raised by RSM following audits of the Logbaba operations between 2015 and 2018. RSM has made two attempts to obtain interim rulings which GDC has successfully defended and the substantive matter is currently scheduled for hearing at the end of January 2021. Separately, on 3 February 2020, RSM filed an arbitration application under UNCITRAL Rules pursuant to a Participation Agreement for the project. Much of the relief sought in this second arbitration duplicates the new claims in the ICC arbitration save that it also challenges the validity of cash calls GDC issued in November 2019 for RSM’s share of expenses in relation to the La-108 well remediation (in aggregate $2.9m) and raises issues relating to the primacy of the underlying governing documents relating to the Logbaba project, and the process of approvals for certain actions of GDC as the Operator on the Logbaba project. This arbitration will be heard in London under Cameroon Law. Arbitrations under ICC and UNCITRAL rules are confidential processes. VOG is not permitted to provide detailed comments on them, beyond saying that it continues to vigorously defend the claims raised by RSM. [link]

LLOY Eadwig 21 Feb 2020

Time to ask if CEO needs to go? I think I heard he has been there 9 years now too, and good governance guidelines tend to set CEOs and directors at a max. of 10 years these days. I’m sure there will be repeted questions about his tenure over the next year if I’m right about that 9 year figure. Especially if LLOY’s performance doesn’t improve.

LLOY stutes 21 Feb 2020

Time to ask if CEO needs to go? If you look at PPI provisioning, Reading , share price the Board and in particular the CEO in my opinion, should go. The current share price is below the price when CEO joined - time for the directors to be held to account for the strategy and lack of value added.

LLOY soi 21 Feb 2020

LLOYDS is going to FLY PHILKES: O dear SOI. Just hit 58p. Oh Dear Philkes. It is now struggling at 55.5 ish. Every short in profit. soi

GKP MikeyAdmin 21 Feb 2020

Opening Prices FTSE100 . . . 7,436.64 . (-20.38) . (-0.27%) Brent Crude . . . $59.27 . (+0.55) . (+0.94%) GKP . . . 79,925 @ 185.4p . . . . . . . . . . . . . . . . . . . . . . . . . . . FTSE100 . . . 7,400.84 . (-35.80) . (-0.48%) Brent Crude . . . $58.20 . (-0.60) . (-1.02%) . . . (15mins delayed) OP . . . 180 @ 185p 15,000 @ 182, 180, 177, & 176p, 5,000 @ 176p, and 2,000 @ 177p = 67,000 500 @ 185p, 20,000 @ 191, 196 & 197p, 15,000 @ 192p, 16,000 @ 199p, 25,000 @ 206p, 40,000 @ 212 & 218p, 7,000 @ 216p and 12,000 @ 249p = 215,500 Book at c. 8.03am 156,769----269,819 31----35 Level to lower today

SLE linksdean 21 Feb 2020

Could be interesting! Might just be m2m that it cost less to anchor off tema whilst pipeline is being laid/installed from onshore oml18 to where akaso will finally be moored offshore near bonny island.

FRR EyesonHawk2 21 Feb 2020

Frontera Public Statement

DNL bernstein.babe 21 Feb 2020

Diurnal (MC £25 M) 2 Big Drugs close to US & EU approval -Lifetime OPP Major breakot about to start could drive sp toward 100p+ as we move closer to the drug approvals likely before year end . [link]

LLOY Eadwig 21 Feb 2020

LLOYDS is going to FLY PrefInvestor1: Hi @Eadwig, Well if it is the long awaited correction it’s getting started slowly, US indices bounced back and even the NASDAQ ended up only 0.6% down. But the economic effects of the virus will likely be long lasting. That said staying heavily in cash is not my style… @PrefInvestor1 There will be more results tomorrow and more uncertain forward guidance, and again over the next few days and weeks. Goldman made a prediction, published in the FT a couple of days ago, that this process could/was likely to start the correction (I didn’t actually read it). The other view, an answer given each day by the ‘markets guest’ on BBC biz radio news every morning is that investors have confidence in central banks to coordinate actions to offset any affect from the virus fall out. Given that the global economy was already in slowdown mode, I’m not so sure. I’m trying to be patient and not buying stock for the longer term on immediate drops as I’m sure better opportunities will be on the way. There was some pretty panicky news with regards to the Chinese economy and the spread of the virus elsewhere printed yesterday which may have contributed to the fall initially. It is certainly something to keep in mind. Many have been predicting a correction for a long time and this virus scare has come out of left field and injected uncertainty which, as we know, the markets dislike more than anything else. Every day there is another company finding that they have supply chain problems that were unexpected because they buy components from x country where the virus is not yet a problem, but then it transpires the supplier is reliant on closed Chinese factories for some sub-components. Some are believed to already be relying on th last deliveries that were already at sea before the virus outbreak with no certain date as to the next delivery. Another aspect to consider is that many service companies will probably not be affected so directly and especially not until the virus becomes rampant in their own country, or that of their main customers. IF that happens. Time will tell.

NXR Ripley94 20 Feb 2020

Big Drop Today NXR XXXX Norcros, down 20%. The UK and South African kitchen and bathroom products firm said it expects underlying profitability for its financial year to March 31 to be below market expectations, as the coronavirus affects its China-based suppliers. Norcros said the coronavirus has had little short-term impact to date, as UK based stock levels have been sufficient to satisfy demand. But slower production at its China-based suppliers is “likely to have some impact on the seasonally important remainder of this financial year and early next year”. “The situation however remains fluid and is being closely monitored and actively managed,” the company noted. Norcros said it has continued to win market share in its major markets despite conditions remaining challenging since mid-November. The company now expects that underlying profitability for the financial year to March 31 will be below market expectations, albeit ahead of last year. In financial 2019, Norcros reported revenue of GBP331.0 million. Revenue from the UK was GBP228.1 million, while South Africa revenue was GBP102.9.

SAVP Ripley94 20 Feb 2020

ABB @ 35p SAVP… XXXX Buy yesterday 15p sell today 16p

FRR duknweev 20 Feb 2020

Frontera Public Statement the_old_trout: Seems that the UK Government is now getting involved too: [link] Dare I say that Georgia might have a new Government come the autumn? A government sympathetic towards the West? Now that would be an achievement. Just for balance though, where is our residential critic to pour scorn on the very idea? I forget the name, an insignificant little twerp, no doubt will be along shortly…