Just under £40K can buy you 0.1% of VOG. Despite the scope for huge capital increase ("...extremely undervalued on much any yardstick, as an explorer, a pipeline operator and a utility selling to a wide range of customers..." etc), lets not forget VOG is starting to make profits. If only £1M is distributed (prob. less than the BOD's bonuses) then your £40K provides a £1K (2.5%) income. Even if divs are withheld for growth capital, if WM was sold for £40M (was in the accounts at $49.8M last year) and that was distributed as special div (see Kev at last year's investor show Q&A), wowzers, you'd get your £40K back right then and there!!
imho probably part of someone's master plan to relieve us of our shares on the cheap bwtfdik .... seems games are always a foot with voggy ...im holding long and strong and it looks to me as if most are doing the same. one day Rodney ...one day. atvb
Thanks Space and snowball44. I see we are into the 30m to 240m phase given the charge in last years accounts. Shouldn't be too long before the 15% drops to 6%. In any event, given profits are being made. Do I really care? I was thinking on the way home how much I would get if VOG declared 1m div. it added a skip to my step! I guess MrJimV is right about the no of shares. I know we are a growth company and will be using profits. But it won't be long until 1m is easily distributable.
Bigsmoke re your post of 19.21. Yes I had seen the sliding scale mentioned in the note to the accounts. In that connection, the RNS clearly states a sliding scale averaging 6.8% so there is no problem there. I see SpaceHoppa has already accurately answered your second point.
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