I don't know about all that C5. There is also the geo-political angle which might override any IUU concerns as well as the EU-Philippines FTA currently being fast-tracked. The EU-Vietnam FTA is already in force and they still have a yellow card. |
 I imagine that there are some high intensity discussions taking place in the Philippines. These discussions will be about monitoring fishing boats and who fishes where. The discussions will be between the President, BFAR, the politically powerful large fishing boat owners, the Supreme Court and the Ombudsman. The pressure will be provided by, amongst others, the World Bank and the EU. Just over a year ago the World Bank agreed a loan of $207 million for the fishing and aquaculture industries. This loan would be match funded by the Philippines gov to make a total of $415 million of spend. The press release identified that part of this money would be spent on monitoring artisanal fishing boats in two of the twelve fishing zones around the Philippines. Obviously, the money won’t be available if the large fishing boats continue to switch off their monitoring equipment supplied by SRT. The other large pressure point is the EU, which will issue a red card (no exports) if the Philippines do not enforce the monitoring of fishing boats. How long before there is an agreement? |
The problem Yump is the points he/she makes are not far off, however inelegantly put ,as evidenced by the rapidly decaying confidence in the share price.If they don’t pull something out of the hat, another warning will be carnage.
The fact this goes to the wire every year says it all-too lumpy,way too little working capital.It needs to be in a bigger parent. |
So many posts from Homeboy all over advfn and not one of them positive or even reasoned. I think “boy” says it all.
Can’t be fun having a mind like that - what on earth is buzzing around in there - if anything. |
chart giving a clue here, looking like the market expects a disaster, maybe they'll need to move the year end again to maybe 5 years out instead of 3 months, hopefully they'll get something across the line by then,
clock's ticking, uninvestible business in my considerable opinion |
Investors need to adapt to the trading opportunities on AIM.
Avoiding banana skins is one of them, especially problematic business models.
There are currently some fantastic trading opportunities on AIM and you just need to work diligently to find them. |
The wise people also looked wise a year or so ago when they said BTC was dead. |
Just a reminder for anyone who voted for Brexit.
These are the great opportunities for trade outside the EU that you were promised.
Unreliable contracts with unreliable funding from governments with dodgy politics. |
Thats in retrospect though so meaningless. Its difficult to admit luck or lack of it.
Actually the wise and rational thing to have done would be to have sold out of all stocks that had significant debt or funding requirements when interest rates started rising. That was a predictable future problem and not based on second-guessing contract timings. Also that was after a universal post-covid market recovery.
If jumping in and out of the market is your thing of course. |
yump - re your 14416 - Some dogs in earthquake zones bark when they sense an earthquake coming - It depends on which dog you believe and which you ignore.
NB - I listened to some wise dogs in October and moved out. |
Could do with an update urgently |
Advfn has quite a few posters who are the equivalent of ambulance chasers, except that the posters here just chase a noise, just like a dog barking because it hears another barking. |
I had the same treatment on SCE which appears to be turning the corner-hopefully same here |
Something afoot-big volume |
Oh look the troll has re-appeared - homeboy filtered ages ago |
can a ceo sign government contracts as the company representative to a government customer if he's under some sort of investigation
that needs some clarification doncha think |
been a while since i've had a look at this dog of a business, your leader posted this in the november half year results,,,,
"The hard work and progress made across the business during the first half has prepared us for a busy second half, with the scheduled delivery of a number of system project milestones and continued growth of our transceivers business. In line with this, we are on track to complete our financial year end as expected."
that didn't happen did it, instead they've changed the year end, dont any of you lot think that's a massive con,,,,you've now got one month left before they have to pull a rabbit out of the hat, so what happens when they miss that deadline too
i notice they're continuing to hire, so costs are going up and they'll soon eat through that last fund raise,
they might be building a glorious empire on the backs of other peoples money, but it doesnt look like an investible business to me
do they ever actually make any money, a while back they turned over 30m and still didnt make money, doesnt that bother any of you die hards |
Basically it’s a very thin market-illiquid.Its not a market for bad news so let’s hope it’s not.Moving the year end was designed to make the accounts look robust for the guarantee scheme.If the numbers don’t fall into the 15 months, then it will need a different path to the scheme. |
There is no way out for any big holders looking to exit. Big sellers need big buyers or else they are trapped. There is a dearth of buyers. |
My understanding is that 'insider status' is removed by a RNS which the insider believes informs the market of the price sensitive information of which they are aware. It is for the 'insider' to decide if they are in possession of price sensitive information.My understanding is that Ocean Infinity were restricted in how much of the company they could acquire when they instigated the recent placing at 35 p. I suspect that Mr T knows all of the major shareholders. I suspect that the next RNS relating to a contract will allow the insiders, or most of them, to conclude that they are no longer inside, even if they are! |
Perhaps the big holders are 'inside'?
It was exactly a year ago that the World Bank announced a $207 million loan for the philippines fishing industry. This would be match funded by the philippines gov, making a total of $415 million. Not all of this was for monitoring purposes. The press release identified that there are 12 designated fishing areas of which two are going to have trials of extending the monitoring to artisanal fishing boats. Although discussions are probably ongoing with SRT, I imagine that the World Bank will have frozen the money until the Philippines gov forces the existing owners of boats with transponders to switch them on. There is a game of poker going on between the government and the large fishing companies, who are politically very powerful. If there is no agreement the World Bank will withdraw and the EU will issue a red card, preventing exports to the EU. BBM will soon becoming up for election and his previous pitch was about preserving the fishing industry. |
On the other hand, none of the other big holders are selling. Clue? |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
