West med write off of $50 million will take the edge off profit figures for a while yet. Maybe next year when all the bad news has been taken off the books and all we are left with id Cameroon. I think Feb 2016 figures will be the turning point when the interims come out and all in the garden is rosy.
But no one has said we are yet in profit overall, there has been NO rns to tell us that is the case, and don't you think he would have done so if that was the case. So please tell me why nothing has yet been said, and don't say well everyone knows we are in profit because they don't.
We are now group, gdc, rodeo, VOG, overall profitable em turnover, gross, net profit oh have I missed anyone or anything, PROFIT and yet it's only worth a rise of 8%, terrible I am afraid the next power plant will add on that basis 12% from here hardly worth getting excited for it appears we will see.
I did the same yonks ago . Sold some FTSE shares and invested in the polluted Black hole of AIm . Made a few bob on some of my AIM shares but lost a hell of a lot more on others . Well down on all but one of the 5 AIM shares that I have left . If I sold all today I would be down overall on my AIM dealings by well over 80K. Luckier than some that I have made money elsewhere with other investments which has meant in real terms my overall wealth hasn't suffered . Glad to say the golden rule I have adhered to by not investing more than I could afford to lose has kept me in good stead. Come September I will defo sell 3 of my remaining shares . May sell my VOG holding as well at a stonking loss if the SP remains at these levels and will continue to hold Sarium only because it is an all or nothing share probably nothing knowing my luck and having traded it at a good profit have a free carry there. There is no reason at all why the VOG SP should remain at under the £1.00 level once the profitability drips through to the bottom line . I am sure there will be a significant re rate here sooner rather than later . Will I still be invested here when that happens ?. Not sure. ATB to all other long suffering long termers.
I know that we have higher scuffs now and should have connection to second power plant and dangote soon with more gas sales, but if we are now in a general profit mode, surely Foo would like to tell the market about that wouldn’t he. After all that’s what everyone has been waiting for and that’s what should push the sp up more. I just can not understand WHY Foo hasn’t said anything yet, unless we are NOT at the general profit mode yet. And until then as normal the sp will drift back down.
Bawbag. Those of us who are suffering have only ourselves to blame and I count myself in that. Whilst overall I am in reasonable profit on my portfolio, had I not sold off some of my blue chip and recovery stocks and piled into AIM a few years ago, I would now be in a much healthier position. But I've learnt the hard way and it's once bitten twice shy for me.
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