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LOL HITS, you spend all that time reading through a lengthy report without owning any shares, how strange.
HITS, you forgot the "positive cash flow" part, why are you here lol!
LOLHITS , do you know what AAT means without using google.
HITS, I find it funny that you don't get much sleep 22.15 pm and 07.35 am at it again. So seem to work the same hours like a P&O employee on less than the min wage.
PS as you clearly have difficulty understanding simple terms like "profit", here's a helpful pointer for you. "Future possibilities" and "predictions" categorically and very definitely are neither facts nor reality.
BV I find it utterly unsurprising that in its FY report, ANGS is predicting to anyone that'll listen that it has bright future prospects.
Except...
a) that's what it's assured everyone in every statement it's ever made, whether via RNS or financial report (it's just that to date, it's been unswervingly wrong, when compared to the reality of things as they've turned out - every bit as wrong as you've been, in fact).
And...
b) what would you honestly expect ANGS or indeed any other company to say?
Shock news. Hold the press. ANGS is yet again forecasting jam tomorrow. For the bazillionth time.
HITS, speaking of "reality and facts". I'm not the poster chasing their tail on here for years being ridiculed with no shares. May I suggest looking at the "outlook section" of the latest report which is very positive proving you wrong yet again.
LOL, I see the ghouls come out yet again after dark.I have a A.A.T. certificate which has been very useful over the years in business,deary me get a life!
BV, are you honestly suggesting we get involved in something as trite as "the P&Ls I've run are bigger than yours"?
What'd possibly be the point? After all, you're hardly renowned for your love of reality and facts, instead preferring just to make stuff up. However and for what it's worth (absolutely nothing), unless the allegedly very successful business you've apparently built up has annual revenues in the ten figure range, sadly you'd be entirely wrong . (Yet again).
HITS, all those Tax Credits keep mounting up to use against" future profits"eh. I find that one should mind ones own business before trying to mind that of others,now off you pop.
LOL HITS, I built a very successful business from scratch using every tax break loophole available like Angus have. You should note that RH doesn't like the amount of tax Angus have to pay,so running at a loss is an advantage as we expand. Now how many businesses have you owned to "try to lecture" me about a Profit & Loss account, carry on!
BV doesn't seem to have a clue as to what a profit is.
As the FY report clearly states, the company made a loss of c. £5.5 million.
There are therefore very obviously no profits to re-invest. So what's being "invested" is borrowed money and shareholder-supplied funding... because there isn't (and has never been) anything else.
SurreyLad, there is no hope for paid company bashers, what sad individuals with no life imo!
LOL HITS, your ignorance about how expanding businesses operate is comical. It's a well known fact that business minded people reinvest profits to take advantage of rolling tax loses, deary me!
When one gets down to the actual hard bottom line in the FY report (and you'll have to scroll an awful long way to find it)...
3. Profit/(loss) for the financial period
The Company has taken advantage of section 408 of the Companies Act 2006 and, consequently, a profit and loss account for the Company alone has not been presented. The Company's loss for the financial period was approximately £5,475,000 (2022: £2,168,000).
It is (eventually) clear that ANGS's actual loss for the full year to 30-09-23 was over 2.5 times bigger than the last full Financial Year.
So I really don't think the company can be considered to have reached any sunny uplands.
Angus Energy PLC, (AIM: ANGS), the AIM quoted independent onshore Energy Transition company with a complementary portfolio of clean gas development assets and legacy oil producing fields announces that following the announcement of the Company's year-end results today, Richard Herbert, the Company's Chief Executive Officer and Carlos Fernandes, Chief Financial Officer, will be holding a live Investor presentation and Q&A session via the Investor Meet Company platform on 26TH March 2024 at 5.30 pm (UK Local time).
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Angus Energy PLC via:
https://www.investormeetcompany.com/angus-energy-plc/register
Investors who already follow Angus on the Investor Meet Company platform will automatically be invited.
For further information please visit www.angusenergy.co.uk , follow on X @angusenergyplc or contact:
Angus Energy Plc
Richard Herbert
Do I sense a glimmer of hope on this board ( has the bashing come to an end )
:-)))))))))))))
With the comments on condensate bottlenecks, it does look like rates are being limited to control and manage liquids, mainly condensates, something they hopefully can resolve through 2024, not that you can stop liquids, but at least get the velocity strings in place and sort out surface to cope better with that.
Not sure his comment in increased rates is anything more than probably getting back up to earlier highs, I doubt the reservoir and associated dew point could really deliver more. but past highs is good enough as long as stable.
Richard Herbert, the Company's Chief Executive Officer and Carlos Fernandes, Chief Financial Officer, will be holding a live Investor presentation and Q&A session via the Investor Meet Company platform on 26TH March 2024 at 5.30 pm (UK Local time).