Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
One of them still works there although admittedly he is only sorting the paper clips now as he serves out his notice.
Early this year the leopards were booted out; hopefully replaced by lions. Let's wait and see whether the New Management are worthy of such accolade.
Whilst some would tell us that the SP only matters when you sell, that assumes you are able to sell. Massive spreads or even suspension or delisting will impact on such a fatuous statement by our serial ramper.
There is a well marked out pattern here in VOG's long history.. A sustained period of daily or weekly drops in the SP followed either by bad news which the company had known about for some time but kept from shareholders, or followed by a mates rates placing.
Leopards and rampers never change their spots
https://www.investiraucameroun.com/energie/1409-15197-l-electricien-eneo-annonce-des-besoins-d-investissements-de-521-milliards-de-fcfa-pour-les-10-prochaines-annees
'....But, in June 2020, in addition to having become a good payer over the first five months of the year, we learn, the State of Cameroon made a first advance of 45 billion FCFA on its unpaid bills. This allows Eneo to look to the immediate future with much more serenity. A second tranche of up to 32 billion FCFA is also about to be regularized....'
Typo, "recent falls"
JED. At these fantastically low prices I'm gonna load up today on VOG shares.
Stuff the high spread . Can't fail to make money at these prices. Rampers have been quiet of late. Must be licking their wounds from recent rises.
I've never understood why they do it.
It's almost like they don't want you to buy.
No you are half right. it's so nobody sells, because the few did sell there wouldn't be any shareholders left.
Yes, it's only the headline spread, but straight away it will put people off.
I've seen people complaining about UPGS having a 10% spread, let alone 35 % (little tip there, if anyone's looking).
I've never understood why they do it.
It's almost like they don't want you to buy.
And it's not likely that they're short of shares to sell.
Look at that ridiculous spread, 35%. Some fair market this is eh? No wonder trades have almost disappeared.
Still newbies should make a decent profit when it jumps to 7p.
Has a post been deleted today? Showing 1 post but nothing there.
You do have to seriously wonder how low this is going to go.
Very low price, ridiculous headline spread and not a solitary share bought today.
On the face of it you'd say this is a bust and that's not being biased.
I sincerely want to take a position here.
Not because I have any faith in the company, but because dying companies always pull something out of the hat as part of their death spiral.
Meanibg there's a nice bit of money to be made.
But picking a buy-in price is leaving me flummexed.
I was thinking 3p, but am now more inclined to look at 2p.
What a disaster this has been. It's a genuine shame.
Come on 3 card, we all know this is going down to 2p ready for the rights / sorry placing at 2p so we can buy then and make even more money when it hits 7p- 13p.
Showing 2.86p on Google.
What a fantastic opportunity for us all to hoover up shares sub 3p safe in the knowledge they'll be between 7p and 13p in less than 6 months time
It safe to look yet?
Biggs - the point being that after the first overspend, a good management team would have been on top of the spending from the off.
BIGGS - Foo had form on well drill overspend. LA105 and 106 came in at approx double the budget. Then 7 years or so the budget was again overspent by more than double but this time the budget had already doubled.
They were initially targeting around 8 scuffs with a view to 44 scuffs with power. When you think that all this was financed with a number of placings (read dilution), and yet here we are 10 years later at well under the initial 8 mscuff target, it's absolutely shocking.
Sorry 400x that !!!!!!!!!!!!!
here's peter levine on PPL's gas well this monring:
"The cost has come in some 10% below budget excluding contingencies at approximately US$250k in total and has been completed on time. .. the well on conclusion of the preliminary test was flowing gas at a rate of approximately 6.3MMscft/d being 137,000m3/d the equivalent of 1,050 boepd with downhole pressure robust at 1,300 psi and a 12mm choke with no water."
"£250K" ... "below budget" ... "6.3" scuffs.
Just how did Foo get to authorise 50x that, for the same or less result.
is 4.5p this Sept. 3card says never will it happen..
been arrested yet? or at least struck off from Law Society?
3card - i am not sure 4pm is history. VOG is re-appearing on lists.. someone has prepared fresh tin foil and glitter to roll the turd in.
"BIGGS - Funnily enough, 4p was my first ever entry point in VOG. So 3p is over 98% down from that point. Shocking in those terms. Total destruction of shareholder value"
it is truely remarkable. personally, imho, foo's achievement should not just be let go as "history", the dude should get the proverbial shtt kicked out him - by the old lady at the VOG AGM.
Should help.
https://allafrica.com/stories/202008310270.html
http://www.newafricanglobalenergy.com/cameroon/
BIGGS - Funnily enough, 4p was my first ever entry point in VOG. So 3p is over 98% down from that point. Shocking in those terms. Total destruction of shareholder value
BIGGS - depends on whether or not we have another share consolidation. Without that or some good news, 4p is history.