Market's view on Ascent Resources
Published on April 2024
- Concerns are raised about the clarity of a recent announcement, indicating ongoing difficulties for shareholders.
- Issues are noted with the handling of preference shares across different brokerage accounts, with some shares disappearing or being incorrectly listed, potentially affecting ISA holdings due to their unlisted status.
- Discussions revolve around the location and visibility of preference shares in various investment accounts, with some stock watchers not seeing the shares where expected.
- One stock watcher expresses a deep personal connection to their shares, despite acknowledging the high cost.
- There are suspicions that funds raised from share dealings primarily benefit a specific individual, with little return for other shareholders.
- Speculation exists about the placing price for shares, with suggestions it might be used to fund personal expenses for a company executive.
- A significant shareholder is selling down their stake, contributing to concerns over the company’s future.