I funny day trading today. I. Couldn't make much sense out of the trading today. All up hazard. The sp dosnt represent the trading today. As Suzz says there's something going on in the background. I notice a few isa fills today. The mill. Trades. That's probabally why the sp didn't move much upwards. Definately another day nearer the life changing rns's. Good luck all for tomorrow.
Stephen, apples for my late entry into this as I'm back undertaking my latest set of "character builders" and so may have missed the boat here? I'm sure, as already pointed out the lovely Helen, who by the way fobbed me off big time when I sent her an email asking questions on the AGM, FRR website update, Varang....some time back, will be unable to answer direct questions which answers could be seen as SP sensitive - simple as! However you could approach her from a different angle (says the vicar to the tart ;) by loading your questions another way - a bit like "nod your head for yes and shake for no". Simple questions from me would be: 1. Do you Helen hold FRR shares? Yes/No? 2. If yes do you hold a few, quite a few or a heck of a lot? Yes/No? 3. If a few do you intend to buy more in the near future and before the next news due? Yes/No? 4. If quite a few do you feel comfortable going forward holding your investment in FRR? Yes/No? 5. If a heck of a lot do you consider this huge investment personally life changing for you? Yes/No? 6. Taking all of the above into consideration, do you feel you are being let down by the company given the very poor PR, website and general apathy towards investors over quite a long time? Yes/No? 7. Do you as an investor see the next news FRR promulgates as significant? Yes/No? 8. Can I have your personal mobile number? that ones for my good bud Coggy ;) 9. How's the hazelnut trees coming along that SN planted recently? that ones for the greens ;) Very good luck with the call and will be interesting to read your feedback later to all the questions investors have asked you to put to Helen from this and over on the III bb. ATVB. VW :)
For anyone up for a journey come with me to QPP.....
Click on fundamentals.
Find 'total assets' = 881.48 million
Next you'll see current liabilities and in bold the total is 197 million and non current liabilities is 17 million.
197+17 =214 million liabilities
Assets - liabilities = 881 - 214 = 667 million which is the net assets.
Net asset value per share at the bottom is 85.5p (net assets divided by number of shares). This is always below the actual or market value as demonstrated by the share is trading at 120.
Now those gas fields will give us assets in the billions and we have revenue i.e profits. By the working above the market cap will not be able to be below a few hundred million, even with the discounts. I'm actually thinking that a billion valuation isn't stupid.
I think punk or coggy will now appear to return ordered debate to the board.
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