TXO Plc Share Discussion Threads

[sharptack] 01/11/2015 21:54

Indeed Karolina. This is certainly not about Companies House being slow. As you say, they publish within days of the information being submitted to them. This has been known about since late Sep, followed by a GM to approve it on 20 Oct. So this is all about the shambles that can see a letter to shareholders and an announcement to JP Jenkins come well ahead of formal change at Companies House.

[sweet karolina] 01/11/2015 12:09

Companies house normally take about 5 days from receipt to putting it on their beta service.



The Non Exec Directors all walking made it in one day.

Has the company informed all shareholders of that little fact?

[godolphin] 31/10/2015 19:04

It has changed it's name. The company has informed me as it has all shareholders. Companies house is often months behind.

[sharptack] 31/10/2015 18:56

The point is that TXO, the company, has NOT changed its name. Unless and until this situation changes formally, forget the rest and tune up your nose for the smell of slithery weebil.

[godolphin] 31/10/2015 14:03

I understood that txo plc is changing it's name to Clean Tech Assets plc. The Clean Tech Assets ltd is just a company to hold the assets. Most plcs have corresponding ltds which are wholly owned.

[sweet karolina] 31/10/2015 10:42

The now 40p price on JP Jenkins is an indicated price ie made up to give a guide as to what people should offer to buy and sell shares at. As there have been no trades since listing on JP Jenkins it is not indicative of what "the market" thinks the shares are worth. I would guess that if anyone were silly enough to offer to buy any shares at anywhere near that price the company would match the bargain to make a few quid for itself.

As Clean Tech Assets is a Ltd company I guess it is possible for another entity to change its name to Clean Tech Assets PLC, though that would certainly cause confusion and I would expect Companies House would require the main name to be subtly changed eg to Clean Tech Assets Group PLC or something like that. But as there is no indication that a name change has been submitted to Companies House, who knows.

It is hard to fathom exactly what the weeble is trying to achieve with all this. Even he cannot be deluded enough to think someone might accidently buy shares on JP Jenkins, not realising what a dog it is.

[sweet karolina] 31/10/2015 10:25

Oh dear. Disgraced Tim Baldwin of TXO (TXO) – the company booted off AIM earlier this year and now at financial death’s door - is apparently lying to either companies house or to his shareholders or to both.

According to Companies House Clean Tech Assets Ltd was incorporated as a Ltd company on 16 April 15 and there have been no further filings since.

The sole director is the same person as the CEO of TXO - Tim Baldwin, not that he has lived up to his responsibilities to ensure his directors details are up to date for all directorships and therefore TXO and Cientifica Ltd (another Baldwin AIM Casino car crash) show up as different Tim Baldwin's, could this be a deliberate ploy rather than an oversight?).

The TXO website has gone down and been replaced with this:







Clean Tech Assets is a limited company not a PLC!

I also see that JP Jenkins, where TXO PLC is listed having lost its AIM listing because no Nomad would act for Baldwin, has this message:

TXO PLC Name Change To Clean Tech Assets PLC

Name Change: TXO PLC now called Clean Tech Assets PLC

But TXO PLC and Clean Tech Assets are completely different entities, there has been no notification of name change filed for TXO.

We have contacted both Companies House and JP Jenkins to clarify exactly what is going on here. Surely Mr Baldwin would not be telling porkies would he?

[lofuw] 30/10/2015 16:04

As Fuel Prices Drop, Consumers Spend Savings On – More Fuel





By Andy Tully
Posted on Thu, 29 October 2015 21:28 | 0









It’s not news that the drop in oil prices has had a double-edged effect; hurting energy companies’ bottom lines but blessing motorists with less-expensive gasoline. What’s odd – some would say senseless – is what these consumers do with the money they’ve saved.

First, they spent about 80 percent of the savings, rather than putting it in a bank. Most of this spending is on food, household goods and entertainment. But one study by Professors Justine Hastings of Brown University and Jesse Shapiro of the University of Chicago found that a fair amount of the savings goes to buying higher-grade gas for their vehicles.

The study gathered “microdata from a retailer covering over 10.5 million transactions from 61,494 households” in the autumn of 2008, when gas prices fell because of the global economic collapse known as the Great Recession. Evidently that behavior holds today, and rings true in the ears of Chuck Mai, a fuel analyst at the Oklahoma branch of the American Automobile Association (AAA).

Related: SPR To Be Used To Raise Cash For US Gov

“The common mentality is that there’s three grades of gasoline – regular, mid-grade and premium – and they correspond to good, better and best,” Mai told the Tulsa World. “Some drivers who really love their cars feel that when gasoline prices go down, they can reward their autos for their faithful service by buying them a higher grade of fuel. Actually, nothing could be further from the truth.”

Mai says most vehicles on the road today need nothing more than regular unleaded gasoline to ensure the best performance from their engines. And the Federal Trade Commission (FTC) agrees. It says premium or “high-testR21; gasoline is meant only for high-performance engines, and using it in a vehicle that doesn’t need it is “a waste of money.”

Related: Policy, Coincidence Or Conspiracy: What’s Really Holding Oil Prices Down?

The FTC recommends that any motorist who isn’t sure about the grade of gasoline needed for a given car should consult the manufacturer. Mai, very sarcastically, put it this way: “People need to go to their glove box and get this little book out. It’s called an owner’s manual. There’s all sorts of helpful information in there, including what grade of fuel is recommended by the manufacturer.”

Benyamin Appelbaum, a reporter and columnist for The New York Times, called unnecessary upgrades to premium gasoline “irrational221; in a column he wrote for the paper that was published Oct. 19.


Shark Tank Just Revealed a Trillion-Dollar Idea

In a recent episode of Shark Tank, two sharp, young entrepreneurs revealed a fast developing technology that anyone can invest in. In fact, one of the show's "Sharks," Robert Herjavec, already jumped in and invested $750,000!
But that could just be the start. In fact, if some experts are right, this trend could be bigger than Apple and Microsoft combined!

Tech heavyweight Cisco is calling it a $19 trillion opportunity. Not only that, experts believe it could be 37 times bigger than the Internet.

And here's where it gets interesting...this 21st century game-changer is so radically different than anything we've ever seen that it's powering a sea change--a massive shift that billionaire Warren Buffett himself admits is a "real threat" to one of his most prized cash cows.

Click here to find out what the “Sharks” are buying.



It seems especially irrational when you consider that a prime cause for the drop in energy prices – increased production, particularly in the United States – is flooding the market with oil that’s good only for low-octane gasoline. There isn’t such an abundance of the additives needed to make premium fuel.

As a result, the price gap between regular and premium gasoline is widening to more than 50 cents per gallon, the largest difference on record.

Related: How Long Can OPEC Hold Out?

“A lot of the gasoline blending components that have been piling up over the last few years are generally low in octane,” Patrick DeHaan, an analyst at GasBuddy Organization in Chicago, told Bloomberg News. “It’s much harder and more difficult to put together a premium fuel.”

AAA reports that an average gallon of regular gasoline at the pump in the United States cost $2.218 a gallon on Oct. 22. A gallon of premium cost 49.6 cents more. The difference has risen as high as 51.5 cents on Sept. 12.

So what do you save by upgrading to premium gasoline when the price of regular is low? Nothing. In fact you end up spending more, at least until premium fuel additives become more abundant. And even then, your vehicle won’t run any better than it does on regular fuel.

“Irrational221; indeed.

By Andy Tully of Oilprice.com

[billyf3] 30/10/2015 15:15

Does anyone have any idea what is going on here TXO then Clean Tech Assets price has dropped from £1 for an imaginary share to 60p then 40p over last few weeks for the same imaginary share. Have they ever brought the accounts out for last year yet? Did anyone actually invest more dosh in that deal they had closing today? Does anyone think we will ever get anything back from this outfit? Penny for your thoughts guys. Also who is this LOFUW that keeps writing all these stories about stuff i cant be bothered reading whats he up to?

[sharptack] 30/10/2015 11:47

Fascinating! So an unlisted new company can just assume the listing of one of JP Jenkins' members without any sign of a corporate event, both remaining separately incorporated companies at companies house. How does that work?

Can anyone smell a weeble?

[lofuw] 29/10/2015 18:27

Oil Markets Await Fed’s Decision This Afternoon





By Matt Smith
Posted on Wed, 28 October 2015 15:47 | 0











In honor of Cleo Laine’s 88th birthday, the crude market is swingin’ away today, trying to shimmy away from a two-month low. After a turbulent night, prices have reversed losses and are moving higher with a rallying euro, ahead of key market-moving announcements today. Meanwhile, as weather outlooks continue to lean balmy for the eastern U.S. into November, the good ship natural gas is sinking once more.

On the economic data front, Japanese retail sales numbers were negative year-on-year for the first time since April, underscoring economic frailty from the region. On to Europe, and French consumer confidence was below par, while both Italian business and consumer confidence came in better than expected.

German consumer confidence data was in line with expectations, but down for a sixth consecutive month from multi-year highs (hark, below). The sole U.S. economic data release this morning has come in the form of the goods trade balance, which showed a shrinking deficit by 13 percent in September to $58.6 billion.

Related: How Long Can OPEC Hold Out?

ConsumerClimateIndex

German GfK Consumer Climate Index (source: investing.com)

It’s a game of two halves today in the U.S., as this morning’s focus remains solely on the weekly EIA oil inventory report, which should yield a fifth consecutive build to crude stocks, adding to the 22 million barrels added in the last four weeks. Draws are expected to the products, while refinery utilization should claw its way higher from the depths of refinery maintenance. Last night’s API report gave a humongous hat-tip to a crude build, rising by 4.1 million barrels.

The second half of the day is set for a surgical focus on the Federal Reserve’s every word, as we get the interest rate decision and subsequent statement this afternoon, followed by the grilling of Fed head Janet Yellen.

Related: NatGas Glut Mirrors The Problems Facing Oil Markets

Yesterday we looked at BP’s historical capital expenditure, while the chart below takes a look at forward expectations, plotted with big oil buddies Shell and Total. The key theme? Yep, shrinking capex. Shell and Total both report tomorrow, while Shell has just announced it is halting an oil-sands project in Alberta, and will take a $2 billion charge. Belt tightening ahoy.

SplurgeAndPurge


Shark Tank Just Revealed a Trillion-Dollar Idea

In a recent episode of Shark Tank, two sharp, young entrepreneurs revealed a fast developing technology that anyone can invest in. In fact, one of the show's "Sharks," Robert Herjavec, already jumped in and invested $750,000!
But that could just be the start. In fact, if some experts are right, this trend could be bigger than Apple and Microsoft combined!

Tech heavyweight Cisco is calling it a $19 trillion opportunity. Not only that, experts believe it could be 37 times bigger than the Internet.

And here's where it gets interesting...this 21st century game-changer is so radically different than anything we've ever seen that it's powering a sea change--a massive shift that billionaire Warren Buffett himself admits is a "real threat" to one of his most prized cash cows.

Click here to find out what the “Sharks” are buying.



The scary China story of the day comes from the Head of China’s steel industry, Zhu Jimin, who says demand is slumping at an unprecedented pace, as production cuts are slower than the drop in demand. “China’s steel demand has evaporated at unprecedented speed as the nation’s economic growth slowed,” Zhu said. Steel demand in China shrank 8.7 percent year-on-year in September. Eek.

Related: U.S. Shale Lifelines Running Thin

From one wobbling economic region to another, the chart below illustrates economic growth in the area that ignited the Arab Spring is still struggling, faring worse than in pre-revolutionary times. Performance next year is unlikely to turn around, with Tunisia projected to expand at 3 percent, while Egypt will grow at 4.3 percent, according to the IMF. MENA on the whole continues to show slowing economic growth:

GrowthLags

Finally, an article today has highlighted how Iraq has overtaken Saudi Arabia once again in September by sending greater volumes of crude to India. As OPEC members are increasingly battling for market share in an overcrowded market, we can see in our #ClipperData that momentum keeps swinging from one to another, as competition intensifies:

CrudeExportsToIndia

(Click Image To Enlarge)

Crude exports to India, Saudi vs. Iraq (source: ClipperData)

By Matt Smith

More Top Reads From Oilprice.com:
Forget Vegas, Nevada Is Now About Reno And Lithium
Iran May Not Be That Attractive To Oil Industry After All
Next Few Weeks Will Reveal Full Extent Of Oil Industry Suffering



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[whe4to] 29/10/2015 18:18

News at JP Jenkins.

TXO plc to change name to Lean Tech Assets Plc!

[bili1946] 27/10/2015 16:34

A reminder to all ....left click on lofuw and filter.Garbage removed.
Then you can see exactly what this outfit is up to.Shameful isn't it?

[sweet karolina] 27/10/2015 03:31

ST I have pointed out the multiple weebles to Companies House, hopefully they will consolidate into 1 weeble directory of failure.

I presume the FCA Authorised business you refer to is EFG(S), which would have been struck off today, but strike off action was discontinued so I presume they have filed an annual return and accounts and these are not yet showing on CH website.

I am not sure how much longer EFG(S) can survive without the weeble syphoning funds off from listed companies to pay it for his services. In 2013 TXO paid EFG(S) $19,663 for regulatory services relating to the fundraise they did in early 13. I am not sure what they actually did for this, except get weeble's girlfriend, Karolina Pietka, to e-mail out the placing presentation to a bunch of non insiders shortly before it closed (I have her e-mail). In 2013 TXO also paid $83.673 for "consultancy services" and a further $75,168 in 2014. The last published EFG(S) annual report shows TXO was its sole customer. If EFG(S) has produced an annual report to 31 Dec 14 I will be checking to see if there were any other customers in 2014.