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I'm with CITM on this. ANGS is transforming into a mature (and okay, to a certain extent "boring") company which should then start to get valued on fundamentals. This is clearly already in progress, which is why Joey's otherwise reasonable questions are largely irrelevant right now.
The one thing that I think continues to surprise everyone more than a little is the current depressed SP and the lack of action around it - odd for a company that even with the current hedges and the current price of gas is set to generate annual revenues of c. £22m, then c. £23m, then c. £30m over the next 36 months. Maybe it is wariness over the potential short-term cashflow hiccup, combined with PF's apparent readiness to sell down his holdings as fast as he can - I certainly can't think of much else to explain current SP levels.
The half year report isn't IMV going to change much, because of the pre-sidetrack period that covers. However if nothing changes for the better in the meantime, the next FY report (due Mar 2024) should have a definitely positive impact.
DYOR and you'll see why you are wrong.
Joey2024, from your list of questions I assume you haven't done any research into Angus's financial position, and yet, you feel able to state that our market cap is high!!
I had a wobble a few minutes ago and considered selling a load of my Angus shares (I was considering an opportunity elsewhere rather than experiencing a lack of faith in Angus). I was persuaded not to by the fact that my broker was prepared to quote for 3,000,000 shares. That makes me think there’s a buyer in the background, which reminds me of all those large late trades last week.
I hope you're correct CanaryinTheMine, boring and making money is more likely to attract the big money in the long run.
I think most on here would settle for a robust SP based on excellent fundamentals.
When Angus borrowed money in the past it was high risk because it had no income. This is why the interest rates on the loans were so high even in a low-interest rate economy. Now Angus does have income the borrowing rates will drop even in a high interest economy.
I make HITS right and one of the most sensible posters on this board. For those who have not realised, Angus is no longer the wildcat explorer that it was back in 2017-2020. It is now a grown up, mature and, frankly, boring company. This means that it actually makes money through production and can borrow money to develop. It also means that the days of the share price quadrupling in excitement in the lead-up to a make or break exploration drill are long gone. Angus will now be judged on its financials by boring accountant types and the share price will reflect the financials.
I've had to fight the temptation to explain the entirely correct use of the modal question mark to Milender. It'd just be too off-topic.
What I find particularly galling about the current share price is that we are below Sound Energy's possible offer of Q1 2022.
Oh well, things should pick up from here and, hopefully, substantially.
We have just entered the twilight zone people!
Our wg/ruthy is accusing another poster of being unstable.
I have no idea BV, maybe ask the person you are referring to.
WG, just remind us why you got banned as your last alias JOILER51? And will you tell your mates on the other board to purchase a hearing aid, they keep saying" eh and what" after every post.
360, would you care to explain why someone would post about a company for 6 years and not holding shares. Burning the midnight oil up to 7 days per week without holding a grudge or being paid for the life wasted posting?
Milender, would you care to share your reasoning behind your claim that HITS and WG818 are the same person?
HITS /WG818
This my reply to you from your message :12/06/2023 :22:19.
"Reading... it's really not that difficult. Perhaps try it?"
You're showing a ? mark,"but perhaps try it" is not a question so why show ?
As for reading, you need to educate yourself (HITS/WG818)
You're slipping,maybe try getting an early night!
No you didn't Milender.
However, addressing me, BV in the post directly preceding yours stated: "As you said to your cronies on the other site..."
Hence my mentioning next door.
Reading... it's really not that difficult. Perhaps try it?
You post that you have one ID on this BB and just the one identical next-door!
Who mentioned next-door?
I certainly didn't
Oops you're slipping HITS/WG818
Thanks HITS, being a bit contrarian I am looking very closely at the Ukraine counter offensive and its potential geopolitical impact. I expected gas prices to fall and was angry that GL missed his self imposed deadlines . Moving forwards a new spike (perhaps to 300) would give a sentiment driven rally. So there is scope for 4p this winter IMHO. But time will tell. Whether it is 4p this winter or next from the current Sp it’s a decent outcome.
Thanks for your replies. Basically we will have a better idea on 30/6.
And the interim accounts are due on June 30th this year too. See https://www.angusenergy.co.uk/investors/financial-calendar/
Re cash: interim accounts were published on 30/06 last year.
Sageman, I think the bridging loan was taken to address the potential shortfall (as I posted previously, no company arranges to borrow £3 million at an eye-popping 19.5% just for the hell of it). I also imagine that facility will be extended by the extra three months.
Freely agreed that ANGS is now in a very different and much more positive place. As I've posted more than once, I suspect this is now a matter of patience (which is something that the adults on this BB including your good self will have already realised).
On a 24 month or more viewpoint, it all looks plain sailing from here - I suspect it'll now be a slow and steady rise over the mid-term. Don't know if it'll get to that 4p level (£160m MCap) level within the next two years, (I reckon the slight revenue millstone of the remaining hedges will throttle things back some while they're still in play) but still, the SP should do very nicely.
Needless to say, the usual kindergarten suspects on here will continue with their tiresome squeaking - but that's unavoidable so hardly worth worrying about.
Good luck to you.
I was just looking at Singie’s post last week. Projection 3.78 next June. FWIW my gut feeling was always that 4p was very doable here. Nice to see a similar number - a 3 bagger in 12 months, suits me nicely. GLA
HITS, I am probably in a minority on this board in that I value your posts. When the SP falls many on here find themselves drowning in a cess pool of positives that have encouraged them to over invest ignoring contrarian views. I am now looking at Angus very differently post sidetrack. I am aware of debt etc. I am also aware that we are now very cash positive. Are you saying that our current cashflow will leave us short on the £4m that needs repaying?
I'm happy to own my words, BV. I'll leave the myth-making to you.
By the way, if ANGS was now swimming in sufficient cash to cover any short-term cashflow hiccups as you allege, a rational person might ask why on earth it needed to arrange a short-term (3 to 6 months) bridging facility at 19.5%?