The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
And as a good citizen can you tell us what happened…. This is supposed to be a place to share… if there is good news to counter the silence why do you not tell everyone…. Or are you one of those who thinks because we didn’t attend we don’t have the right to know what you do…..Come on Gibbo, share the experience….B
How do I know? Simple, I got up off my backside and attended it.
Morning Gibbo…. And just exactly how do you know he had a meaningful AGM. For a start there was no pre AGM statement , the first time this has been omitted in over 6 years….this can only suggest he had nothing to say about both H1 or the outlook for H2…. We all know Pete likes the sound of his own voice…. So where was it pre AGM?….. things are going to get even worse here… if that is possible. Keep banging the drum Gibbo, the fan base is getting smaller each day as reality kicks in…..B
I understand the frustration Geentee, but not sure how you can say "he cannot have a meaningful AGM" when he held a meaningful AGM earlier. There was plenty of opportunity to ask questions and get answers to any concerns shareholders had.
Martyn, I sincerely doubt they got the money for the boat, my impression is that anything any big contract is always (ALWAYS) delayed, I would lay money on the money for the boat being conveniently forgotten about
Hi geentee, out of that list, bankrupt is the way it will probably end.
I’m also aware that if Peter can pin one contract on this donkey, that actually is transformational, then the share price could make headway.
But I’ve been here long enough to know the chances are very slim.
I used to wait for the RNS telling us the prop shaft had been repaired for the Sierra Queen, now look where we are, not even sure if we ever got our $670K ($50K a month) for the boat, we even paid to deliver it to our buyer in Turkey or Greece I think, then we suspended payments because times were tough, (don’t know if they restarted), as I type this I can’t believe I’ve hung on till the death.
It’s my own fault, I just believed what I was being told by the board.
There will either be a ruinous finance arrangement to keep this limping along or I can see there being some issue that will cause the nomad to walk, at which point it’ll get suspended and then eventually booted off AIM. Struggling to see positives and the fact that Fooler has stopped communicating , especially at AGM time, is a worry.
Maybe there’ll be a trading update in the morning but, if not, it’s disgusting that there’s been no information provided.
But then ....WHAT?
Thanks geentee.... I note that only Peter Fowlers re election gained the most "against" votes.... although not enough to oust him from his comfort chair...... He is one of the worst CEOs on AIM and doesnt give a monkeys as long as he can keep him and his kids in food stamps at our expense.... The good thing is that we are nearly at the end of the road.. only 1.4p to go before we are zero...... shouldnt be too long now. B
Result of AGM out
Fooler re-elected lmao
Since we are all making some confessions.... I owe you an apology yrabsmurruc.
I actually defended PF when you started to call him.
I actually said that I didn't think he did/said things which were untrue.
Having been given The Queens Award I thought he must be a man of SOME integrity.....useless yes, but honourable.
NOW..........
I believe he is constantly lying!
He must have known for some time that the outgoings far outway anything coming in.
HE HAS NOT DELIVERED ANY MEANINGFUL CONTRACT SINCE I FIRST INVESTED IN 2013!
He just talks the talk...Tema? Probably just covers it's own expenses, Lungi Airport I seem to remember we got by default.
What else has he achieved?
Zilch!
No wonder he cannot have a meaningful AGM....because there's NOTHING meaningful to say.
I wonder how he sleeps at night.....he is a complete charlatan.
There yrabsmurruc.....I APOLOGISE.....YOU ARE RIGHT ABOUT WSG CEO PETER FOWLER!
I hope he reads this board....he said he used to.....I remeber he was going to write to us regularly to keep us informed.
I think he managed twice!!
My question to you 13martyn13 is....what should happen next
1) will he resign....No
2) will he by forced out.....by who?
3) will he sell....to his son?
4) Bankrupt.......?????
Yrabs - they’ll probably roll everything into one RNS. AGM resolutions, trading update and anything else significant to put out (good or bad).
we will soon know win4 as there should be an RNS stating all resolutions passed etc.... not seen one yet......B
Is there even an AGM going on or is it just a family get together ?
Nice to hear from you 13martyn13..... sounds like your choice to be in spain was a wise one.......Yep, I too was sucked back in to Peters seduction techniques last summer and I even bragged on here that 2021 or 2022 being transformational for shareholders was a "no brainer" followed by "what could go wrong?"......... and yep, Pete was once again full of 5h1t...... and everything has gone wrong....... I think he is to brazen to resign and has that weird characteristic of thinking he is a good CEO but tempered by a "victim mentality"........... Its Trumps fault... and now its DRCs fault.........blah blah blah...... now dont burn in that sunshine .........B
Afternoon yrabsmurruc, I’m still here, sitting by the pool in Salamanca Spain so couldn’t attend, probably for the best.
WSG has cost me a lot of time & money, and even if it all comes good, which I think something might drop one day, it’s still been a bad investment.
No chance of making up the losses here, not to mention the missed opportunities elsewhere over the last 7/8 years.
Don’t laugh….but at The Queens Award open day last year I got the feeling this could be the year, but I’m not actually sure how they all fill their days at Westminster HQ.
and 2016, 2017 and 2018..........
just checked..... we had an AGM statement in 2019. 2020 and 2021............... so why the lack of one this year..... I wonder ......B
Interesting....... and you must be correct... Pete would be singing like a canary if there was good news to tell.... 1.4p is not something that gets added to his list of achievements ..... B
do we know if anyone is going to the AGM who can report back......... There used to be some stalwarts [martyn 13, Foxy etc}.... who would go for the latest gossip .... not sure who holds anymore .....B
I'm looking forward to the latest buzz word after "ratification". That was a good one wasn't it
He’s going to have to break his silence this afternoon though and fess up on how things are going. Even for Fooler it’s going to be pretty difficult to put a positive spin in the usual ‘jam tomorrow’ way. No doubt he’s still confident of 2022 revenue being met and optimistic for the rest of the year , but he’ll be in a minority of one.
nothing for Pete to rave about.... H1 has been a big disappointment .... only one contract worth an RNS in all that time and that was for £300K..... where is KSA and all that contribution to 2022 revenues..... we know the 2 MSCs announced a year ago are Q4 at best...... so what is new Pete.... all them opportunities opening up since covid... just hot air.......Pete should go... end off.....B
No AGM statement this morning either - must be saving on the RNS cost.
It’s a beauty isn’t it. Fooler not even replying now to messages on linkdin. Only asked his thoughts on an SP of 1.3p to sell.