This is the only one of two AIM I own at the moment (the other being 'Independent Oil and Gas) , the majority is now mainly made up of blue chips that have or are recovering from downgrades , profit warnings or external news that has created buying opportunities . Balfour Beatty, Rolls Royce. RSA Insurance, HSBC etc.. But the most potential of any of these is Igas if we except that with this potential comes the 'roller coaster' ride we have seen during the past two weeks.
What other comps have you got ?
Time for calm now......hopefully!
This is my first post on this board. As a long time (long term) investor in Igas today gave me some assurance as to the position of the company. Mr Austins actions although profitable to himself have been immensely damaging to the company and I am surprised a man of his obvious abilities would think anything else. That said this is now hopefully behind us and Igas can now move forward. This is the one share in my entire portfolio that gets me most excited and providing there are no more nasty surprises (and the general election result is favourable) I see absolutely no reason why this company will not make us all a lot of money !
AA and SP
I don't think this is the last we will hear about it, as ultimately it was misleading and fraudulent. Bottom line SP is already destroyed by his actions, so what's new to come out. It is what it is and IMO he should be sacked and Jeffries replaced for fraud. If he goes so what? doesn't change the fundamentals of the set up. Those calling TW, I cant understand that as shorting or not he exposed it and as a Igas share holder I'm pleased he did. Anyone is replaceable, it lost us all a lot of cash and I wouldn't mind one bit if he gets the boot for breaking AIM rules little piece of ****. Papers will be covering this and at the end of the day it just damages the co's credibility IMO. Cant see it affecting the SP any as it's just boring now.
RE: Andrew Austin and SP
This loan is only a problem if AA is a crook and is trying to stiff the shareholders like Rob Terry has done over at Quindell. (I'm not saying Mr Terry is a crook, simply that the shareholders have been stiffed when he walked away with the money... which does sound kinda 'crookish', doesn't it?!) I don't believe that AA or the other directors like the Morris'es who all took out similar EFH loans are thieves and vagabonds and that's the real issue isn't it?! Did they take out these loans thinking, 'what a good deal' or did they know their company was about to get busted (*cough* Quindell) and wanted to run away with the cash? After all, the Morris'es launched a lawsuit against EFH to try and get their shares back since they got margin called and EFH said, 'thanks for the shares'! You can google Morris vs Equity First Holdings; it's a lawsuit in the USA. Which all makes the conspiracy thing that shareprophets waffle on about quite irrelevant. I give them their due on Quindell as TW knows what he is talking about there but to try and short Igas on this weakest of links and then pretend to be the Sheriff of AIM is just immoral. As we all know Igas is a strong company and yes, hindsight is wonderful but without that Igas are doing a pretty good job, imo.
no, course you're not putting your money into Igas.... you're shorting it instead. Nice one, creature. Hope you make a whacking great loss and have to spend the rest of your life busking outside Lidl's! :) There are no 'remaining facts' and the SP has already taken all the dive it's going to based on this info already. Nothing new here. So please open the biggest short positions you can.
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