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Beware the dead cat bounce. Some of you fall into the same trap over and over again. I guess that's what separates the winners from the losers.
Unless Saffron delivers a positive surprise, I dread to think how CERP will survive other than by issuing confetti.
Rampers are feigning excitement over a 27.27% rise in the sp to the heady heights of 1.4p in the hope of drawing in the uninformed and unwary. The only way is down IMHO but we shall soon see. The real oil war hasn't even got started yet and then there are the other issues lining up against the world's economies. Good luck to those still here. Try not to quote Buffett to give your posts some credence.
If this goes t*ts up, don't say I haven't been warning you. And for the record I have no material interest in CERP, neither long nor short.
Have a nice weekend.
LayLadyLay
If you have absolutely no material interest in CERP, why are you here then? I think personally you have an agenda and its not in anyone's interest other than yours.
Your a sad human being unfortunately this world has loads like you.....
It doesn't happen often, but it is hard to argue with LLL (for once. Don't get too excited, LLL).
The noise about going t-up is a bit of a stretch IMHO, but my HO is irrelevant: what we need is communication from the BOD to tell us what is really what.
Until they do so, the de-rampers are right. It is as simple as that. If LK could dignify himself to communicate to the SHs who have supported him, that would be greatly appreciated. Until then, the de-rampers are right.
Warren Buffett says 'Buy when others are fearful'
This is an absolute bargin here.
I love it when derampers are still having to work - during a global stock market crash.
Arnt you all redundent or surplus to requirements. ?
When the maret in turmoil we are up nearly 50% in two days, yeah right bring it on derampers
"Beware the dead cat bounce."
You are fond of that quote, LLL.
As you user that the same expression when you said LGO had the 'for sale' sign up, but then it recovered and you called that same recovery a "dead cat bounce".
That said; I have my doubts over Saffron, which is part of my rationale as to why I sold up but, the company has future prospects here, and this cat may just have more lives to go.
However, this is AIM, and a high percentage of AIM companies do go to the wall so I suppose if you keep repeating that quote, you will surely be right at some point.
Whatever you do, have a good weekend.
Regards.
I reckon your smoking what I am LGO-fan.............!
happy dreams my Flemish friend ............ :()
All the best (spark up a biggun :)
a 50% increase in the last couple of days is only good if you are a day trader. To all others, it is insignificant. They are people here with multiples above the current sp to hit simple B/E on their investment. If you are so luckily to be up, I suggest you do your gloating in silence. It’s disrespectful and embarrassing
ah...............!
You still have me down as a day trader LGO-fan, and your defo not chilled.............!
perhaps you've rolled the wrong gear........?
All the best (again :()
Looking at the thread title........!
"Fools rush in where angels fear to tread"
Seems the weekend wouldn't want to be avoided either............. :()
All the best (LLL is our ramper on call.............. :()
Hopefully rise to around £30pb next week for oil.
Only Russia will answer that Q willec...........
and even then, the OPEC agree to it.............!
All the best (When they get around the table..............2m separation will still apply :()
stay safe, and isolate
The rebound in oil prices on Thursday didn’t last long as bearish sentiment once again took hold on Friday morning, with some analysts contemplating the possibility of $5 WTI.
https://oilprice.com/Energy/Energy-General/The-Very-Real-Prospect-Of-5-Oil.html
Trinidad and Tobago now has 50 cases of coronavirus (covid19).
The Ministry of Health made this announcement in a press release shortly after 9 am on Sunday.
The latest case does not appear to be one of the group of nationals who were recently brought back from a Caribbean cruise.
The number has increased by one since Saturday, when an increase of 40 was announced at a press conference at the ministry.
The ministry repeated on Sunday that 40 of the TT cases came from the cruise ship.
It also said, “The fact remains that all positive COVID-19 cases, thus far, have been imported.”
From the details in the release on Sunday it therefore appears that the 50th case is another individual who travelled abroad recently.
The ministry did not give any further information about the latest patient.
It said TT has now submitted 298 samples to the Caribbean Public Health Agency for testing.
https://newsday.co.tt/2020/03/22/now-50-covid19-cases-in-tt/
Hopefully this will not interfere with current operations and testing of the well
Lets hope for increase in WTI tomorrow
the world is in lockdown, there are hardly any cars on the road...why would POO start to head North?
If people want an example of a good RNS during these unprecedented COVID-19 times, read the RNS from RDSB
LGO fan, your post on Friday @14.38 you said that you were waiting for BOD to give a clear signal? In my view I think they already have, with LK buying 2,000,000 shares @ full price, plus taking half salary in shares along with the rest of the BOD. Seems pretty positive to me, would be good if the rest of the directors did the same. I am very positive about my investment and keep adding when funds allow. 6 months down the line it could be a very different picture when the oil price gets sorted? Keep the faith!
Correction it's over 12m shares not 2m as previously mentioned.
Hawkspear - LK hasn't purchased any shares. He has simply converted share options that are issued as part of the executive salary scheme. This is at nil cost to him. Furthermore, there is an incentive for executives to be paid part in share options.
Enterprise Management Incentives (EMIs)
If you work for a company with assets of £30 million or less, it may be able to offer Enterprise Management Incentives (EMIs).
Your company can grant you share options up to the value of £250,000 in a 3-year period.
You won’t have to pay Income Tax or National Insurance if you buy the shares for at least the market value they had when you were granted the option.
If you were given a discount on the market value, you’ll have to pay Income Tax or National Insurance on the difference between what you pay and what the shares were worth.
You may have to pay Capital Gains Tax if you sell the shares.
Executive Salary Scheme
As previously announced, the Company's directors and executive managers ("Executive Management") currently receive 50% of their fees in Company shares (the "Executive Salary Scheme" and "Remuneration Shares"). The Executive Salary Scheme has assisted the Company in both managing its cash and also ensuring Executive Management interests are aligned with the Company's shareholders.
The Remuneration Shares take the form of nil cost options, which provided the Company with more flexibility but does not change the number of shares to be issued in any way or provide any additional value to the Executive Management.
As at 31 December 2019, the fees to be settled by the issue of Remuneration Shares equated to 36,515,008 shares (equal to approximately 4.3% of the Company's current issued share capital).
Remuneration Shares are calculated monthly using a fixed share price therefore the timing of issuance of Remuneration Shares is not relevant to the number of Remuneration Shares issued. The fixed share price has ranged between 3.5p and 5.1p.
The Company has received an election from certain Executive Management members (including Mr Koot) to convert their options into ordinary shares of the Company, as is their contractual right pursuant to the Executive Salary Scheme. As such, the Company will issue 15,169,886 new ordinary shares to those Executive Management members (the "Executive Management Shares"), representing 1.8% of the 848,260,742 ordinary shares in issue prior to the issuance of the Executive Management Shares. The Company expects to record the issue price of the shares in its books at the closing share price on the day before issuance.
Statement on UK markets.
The FCA is working with international counterparts in the US, EU and elsewhere so that markets can remain open and orderly, and so they can continue to perform their essential role in supporting businesses, governments, jobs and the broader economy.
While there has been significant volatility in market prices over the past weeks as a result of the impacts of coronavirus (Covid-19) and this may continue for a period, markets have continued to operate in an orderly fashion in the UK.
Some European countries have introduced short selling bans, and, in line with our standard practice, we have followed those bans, where requested, in respect of shares for which relevant European National Competent Authorities (NCAs) are responsible. The FCA has not introduced such a ban. Most European NCAs have not introduced such bans. Nor has the United States or any other major financial market.
The FCA continues closely to monitor market activity, including short selling activity. Aggregate net short selling activity reported to FCA is low as a percentage of total market activity and has decreased in recent days. It will continue to fluctuate, but there is no evidence that short selling has been the driver of recent market falls.
A great many investment and risk management strategies rely on the ability to take 'long' and 'short' positions. These benefit a wide range of ordinary investors including the pension funds for employees of companies and local government. We also note that short selling is a critical underpinning of liquidity provision. The loss of these benefits would need to be carefully balanced before determining that any intervention to prevent short selling was appropriate.
We will continue to co-ordinate with our international partners and take all actions within our power where necessary to safeguard orderly markets.
https://www.fca.org.uk/news/statements/statement-uk-markets
LayLadyLay - I'm really pleased you have so embraced the FCA you are now quoting them for the benefit of readers - shame you blatantly ignored FCA rules when you famously ran your ' Placing Monday ' stunt which was clearly contrary to the ' Important Message from the Financial Conduct Authority ' displayed to all of us every time we post on LSE!