Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Quote "even end of day" unquote
Here's reminding you, 3 CB - there's 31 days in October. Do you not no nuffink :-)
Sparrow re "Good enough bargain for me - will not be this low by end of October (even end of today?) imo."
Remind me, what did they close at yesterday and what are they now trading at?
Oh, and also the $9m refund from ENEO also - I expect this to be settled soon (fingers crossed, of course).
Watch the cashflow - this will tell you how the company is really doing.
Re It all depends on the quality of customer, 3CB - how much they consume, how much they pay, are they good payers.
You tell me Sparrow. Previous positive rns stories have told us they are all good quality paying customers.
Today's rns merely confirms what we all knew, in that there is a huge pile of potential and actual liabilities building in this company. And if only a few came to fruition, we would be finished.
It all depends on the quality of customer, 3CB - how much they consume, how much they pay, are they good payers.
Sparrow. It's very easy to cherry pick the tiny bits of "good" news. But you should balance it with some bad news . For example, number of customers standing still , even reducing , as we lose some as we gain new ones. I believe that's the first time vog has stated since the first customer took gas that it's quite normal to keep losing customers.
This RNS of 25th June is probably of more relevance:
Trading Update
Revenue
Gaz du Cameroun S.A. ("GDC") continues to safely produce and sell natural gas to over 30 customers in the Douala area. The Cameroon Government's easing of lockdown conditions and the usual seasonal swing have resulted in a recent increase in gas demand.
Unaudited revenue for calendar year 2019 was $20.6 million (2018: $10.8 million). Unaudited revenue to 31 May 2020 was $8.6 million (2019 for the same period: $8.7 million).
Cash and Cash Equivalents
Cash and cash equivalents at 31 May 2020 was $5.0 million (31 May 2019: $15.7 million).
Thanks, RF68.
The derampers don't seem to understand that this has been a recovery play since new management took over. 2019 legacy position was well known to anyone who has done some research.
Very simple, really (like me).
re "Key statement (for me):"
Is that "Key Statement" in a good way or a bad way?
You can't just highlight one paragraph and dismiss all the bad news just because, Kenny Rogers says it doesn't cover the post period.
There is lots in there which DOES cover the post period and it's all the same delaying bulcaca and potentially huge liabilities and can kicking.
Let's not forget that Kenny Rogers has, with others, presided very fully over the last few dreadful years so to just accept his meaningless jam tomorrow statement is just ridiculous wishful thinking.
You must now admit you got it wrong Sparrow
Yes, I suspect Roy wanted all possible bad news from before his time out in the open now - a) so he isn't blamed for it and b) so he gets credit if/when any one or more of the issues is later solved or ameliorated. They certainly do not seem to have held anything back with these impairments...
Maybe, Bookamdanno - there again, you may well miss out. Good enough bargain for me - will not be this low by end of October (even end of today?) imo.
Happysparrow- im sure if you had waited, you'll be able to get in nearer 2p soon. The only buyers on todays results, will be buying purely on blind hope, apart from yourself, obviously.
MM games. The current price is 2.35 - 2.89p
I added at 2.7p (early bird...)
Key statement (for me):
As this report covers a period of time that preceded Roy Kelly's appointment as CEO, I am going to personally refrain from detailing the future strategy of the Company. Roy is a CEO of the calibre that does not need an Executive Chairman. His appointment predicated my announcement to step down to a Non-Executive Chairman role after the publication of this Report and our General Meeting in October 2020. I am confident that under Roy's leadership, and with the addition of our new CFO, Rob Collins, the Company is in good hands and will be set in a new direction to ensure shareholder value. They themselves will communicate their plans in due course and will have my continued input and backing. In the coming weeks the Company will be releasing its Q3 20 Operational Update and the Interim Results to the end of June 2020.
are on the website.