Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Well I put mine in ESU last Friday and cashed in today for 33%. profit. That took 2 years with Amerisur. Do your own research. I will re-buy if price drops below 3p target or I wish the 2.7p I bought in at last week. Good luck.
Any good stock picks for your Amer money Guitar?
Here's hoping he gets whats coming to him with this fire sale.
Disgusting pond life human being.
I’ve been a daily viewer of this board for over a year now and genuinely have valued the options of most on here.
It’s all been exceptionally well researched and a highly informative discussion.
I’ve been looking at some other boards over the last couple of weeks as I make decisions about where to house my AMER money going forward and can see how great the posters on here have been compared to some of the idiots elsewhere.
So once more ladies and gents, thanks and good luck in the New Year.
My sentiments exactly, I will take the cheque with a very heavy heart!
Best of luck, Mathurin. I will remember how reasonable and sensible you were when a number of posters were very abusive to you in respect of your estimate of take out price. Ultimately (sadly!), you were proven to be correct. I doubt the abusers apologised, but I remember who they are and will be steering clear of them, but not you, in future. Hope you clean up financially in 2020!
Is that right that the buyout price will be 19.20 pence.
Mathurin,
I concur with your sentiments; but I think you are seriously economical with your adjectives describing Clark. I would add fundamentally untrustworthy, self serving and ultimately proven to be totally unsuited to future corporate office.
All the best for the future to fellow Amerisur victims.
Has been awful and it is nice to build up some connections with posters. But Why you would thank someone however who was SO wrong about AMER ?!
The farewell messages on the ADVN site show the distant comradeship built up over many years of trials and tribulations following the destiny of Amer. Hope springs eternal and over the past two years Amer has mainly been a bitter pill with few reasons to rejoice due in part to the arrogant leadership of GC who has never shown an iota of concern for the retail shareholders and no doubt his clash with the 10% shareholder created much of our misery . My own thanks go to Basilhope and Colonel Drake for their brilliant and helpful comments - I wonder which shares they will next illuminate ?
According to the latest RNS, published at 1.00pm today, “It is anticipated that the aggregate 9,000,000 Ordinary Shares will be issued and allotted after the Court Sanction of the scheme of arrangement…”. I do not understand why these shares are not being issued and allotted immediately. The Exercise period for these options ends on 23 Dec 19 (Page 55 of the 31 Dec 18 Annual Accounts). The Exercise period does not end on 14 Jan 20 (the date of the Court Hearing to sanction the scheme). Would you have expected such a delay in the normal course of events? Surely any delay in the issue and allotment of these shares would be a financial benefit to the directors concerned, enabling them to delay the payment of £1,233,000 for these shares? What is the legal position?
Thank you so much, Moneylender, for your efforts. I voted 3.6m shares against and got pals to vote another 2.4m or so...but it was not to be. It seems many sold before the vote.
Good luck with the remainder of the works on the house! I hope our paths may cross again and I shall look out for you as you clearly are v intelligent and, importantly, have integrity.
Just posted on advfn:
Evening all, just got in and read the news, very disappointing result. Thanks to all that voted no but when your fighting your own board and major investors we don't stand much chance. Like many long termers here I will miss the banter but we have to move on.
Regards my house refurbishment well we are in, it's not complete but it's liveable for a few days until after Xmas, then another couple of weeks hard work.
Once again thanks to all, I am on Twitter if anyone is lonely!
FCA are a joke imho , they are only any use chasing utilities.
The sad truth is no one body is able nor willing to regulate the AIM market by the looks of it , so these guys get away with whatever they like.
I held a stock a few years back that went bust due to the board falsifying the accounts. That was that , nobody was prosecuted , we just lost our money , end of story. Luckily only 1k for me but that's not the point.
It really is a cesspit as described by many , but the returns can sometimes be mighty if you're quick out.
I doubt it will survive as a credible market.
After immediately getting back into the stock on news of the company's imminent sale, this has been a very profitable exercise but not as profitable as I expected. A final takeover offer of at least 25p was the figure that I anticipated. Frankly, in my view, the business is being sold on the cheap. If there is one lesson to be learned, I would suggest that the model of back-ending shareholder rewards in the resource sector is deeply flawed. Typically, managers will take their rewards in cash and on an on-going basis. Plus, of course, money can also be extracted in other ways. As for their holdings, these are often the result of favourable option packages. However, shareholders are largely dependent on a payout (Unknown) at a point in the future (Unknown). It leaves a great deal to luck and trust in the management. And something that some private shareholders do not seem to take on board concerns liquidity. Institutional shareholders may take a low-ball offer because it's the only way they can exit the position. Their targets may be far lower than those of small shareholders.
At the moment, CAML is my preferred choice in the resource sector. More broadly, I am getting increasingly wary of resource stocks that cannot or will not pay a dividend.
Thanks, PP: you’ve given me some names to research.
For me, it’s SLP, VOF, BGS. I’m in PDL (small position) too!
The real blame here lies with Michinoko , they are the ones with the real power. I don't have a lot of sympathy for the BoD, but ultimately Michinoko as the major share holder must have had an absolutely massive influence on this deal. If they decided they wanted out at any price, which seems likely, then this was at best a fire sale.
I'm gone too. HZM, RAI, PAF, PDL ... no oilers any more. The heart of the market just isn't in it.
Yes I would add my comments to those posters some of which I met today who added genuine insight into the forum and thanks to their willingness to share and trade views and facts made investing in this dog a much more pleasurable experience than it ever deserved to be.
The Board and the FM should hang their heads in shame but of course by now those same heads are probably half way down a champagne bucket.
I look forward to seeing those outstanding unfettered options being cashed in during the next 2 working days since by a curious coincidence a large number of them are due for expiry by 23/12 at strike prices of 11-15p.
The lord provides in mysterious ways and since we are on that subject Happy Xmas to all!!
...and to you, JTD. I’ve enjoyed your posts and insight very much. I hope our paths cross again.
Probably my last post on hear - so all the best to all in your future investments and endeavours and a happy festive season.
No good crying over spilt milk now
not a lot of opposition then from the looks of it.
I hope the Clarke and Wardle rot in hell for what they've done here.....
Carried.
19.21p: ...good grief.
I made a decent profit, but its still a lesson for me on being wary of AIM and AIM management teams....
Attended the Court Meeting and GM and agree withSuperdad.
Superdad, thank you for the update. My shares were held in a nominee account at SVS who are in admin. Happy to get my cash freed up.
My profit was going to be used to invest in another company that has since doubled its MC.
Good luck to you and all over Christmas and New Year.