The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
Long term holders from 2017 or 2018 who bought at 7p,10p,15p or in the 20s have absolutely NO prospect of seeing their money again,now that the share price has crashed by 90% since the new year.
If bought at 4,the share price needs to ruse by 155% for you to recover your investment.
If you bought at 5p, the share price needs to rise by 218% for you to recover your investment.
If you bought at 8p...share price needs to rise by 409% to get it back
If you bought at 10p..it's 537%...
Realistically,it may reach 4p....if it's hyped up exceptionally well...but more likely with no oil production this year it will go sub 1p.Even with all the massive director buys,it didn't even reach 2p.
This is because the fundamentals are so wretched-Balcombe will apparently now only deliver 300 bopd not 1500;Saltfleetby won't be for over a year.
This isn't just "bad luck" or the random luck of the game,it's an orchestrated confidence trick, a scam, to vastly inflate oil likely production figures from Lidsey and Brockham..like Vonk saying Lidsey would produce 400 to 1500 bopd. ....inflated well above Lidsey historic production figures,and then it only managed 40 bopd. Brockham was hyped as a "star asset",of the "same maturity" as HH....as late as February ....after core tests & extensive work I'm the wrll..then on June 28th all of a sudden the BOD contradict themselves and say its "not mature".
Long term holders you have been ROBBED here of hundreds of thousands and in some cases millions of pounds.
I've already spoken to a top financial barrister and litigation solicitor who will take our case and are
sending out questionnaires to everyone in our activist group.JOIN US!-it's your only chance of recovering money defrauded out of you on false premises.
keither197@gmail.com
big losses you can recover again buying at this price just buy & hold
Agree mannan, Anyone who is down 90% ish. Don't think about having to get all your cash back. ( maybe you will) but at this price A good chance to recover it to just 50% - 25% loss. Anyone who has lost so much. May as well go for Broke. All or nothing. Don't listen to the doom merchants in here.
Been a few Trolls in here today, I'm scared to go to bed. Gonna have to sleep with the light on. LOL
"Even with all the massive director buys,it didn't even reach 2p".
-----------------------------------------------------------------------
Think your the first person to call them "massive", RealAnalyst.
In truth, the price did reach and exceed 2p, but didn't hold and came back below 2p.
Think YOU'RE ... (!).
Realanalyst you are a delusional. The only person who will make money is your barrister! This company has very little money and by the time your case goes through it will all have been spent on exploration or if you have your way paying lawyers. Petro Matad was worth 2p earlier this year and now circa 8p and hopefully much more by the end of August. I bought a million to trade at 1.45 and sold them on recent spike at nearly 2. I will use the proceeds to buy again if we fall towards 1. BE currently 6. When I buy back in it was fall significantly. Sell trade, rinse repeat. Take control and responsibility for my own actions. Far better strategy than enriching the legal profession!
Agreed its at its lowest.. like your strategy...
The BOD are showing leadership and are backing themselves to deliver. Absolute waste of time pursuing the BOD through the courts. Brockham is history now and even if things had gone to plan there was no guarantee that production was sustainable. GL to all those who have held and are looking for a recovery.
Sage man
Not a particularly sage comment.Anyone who thinks this will climb back up to 8p or 10p is delusional. ..no oil production until 2020,by which time multiple placings will have diluted the share price even more.That's a fact.
As I keep repeating,individual investors pay NOTHING as third party funding is being provided.
Investors have been royally screwed over here,and without even affecting the company,individual directors can be made to recompense investors.
Stop spreading the delusional myth that Angus has no money!!!-it's utter nonsense .. £2.5 million in from sale of an asset,and more when Brockham is sold.
We have the opinion of a barrister who is a financial expert,and the partner in a firm of city solicitors that this is a viable case.In any event,in 95% of cases,there is an out of court settlement (with no disclosure &no liability clauses obviously).
Don't be a doormat and let your money be stolen through lies and false promises.
keither197@gmail.com
third party funding is being provided. ? ? ? ? ? ? please disclose.
RealAnalyst.....how much oil MATD is producing .infact all of their drilling came out of duster .as you are saying no oil production until 2020.....that means we do have oil....what i think this is the real bargain basement just buy and hold don,t forget we are playing with AIM ......
RA - you say you have nothing to lose by joining a lawsuit against Angus. But if you sue and lose (a very realistic possibility) you will have to pay both your own and the defendants' legal costs, won't you?
Fascinating reading this BB.
Just wondering why there are so many folk here who do not want RealAnalyst to sue?
I don't suppose Lucan's chums have signed up here on LSE to discourage such action????
Can't really see the issue otherwise... if you want to join... FINE... if you don't, then what is the problem if others do?
Clearly LTH's have been deceived and lost a lot of money here... if court action is the only way to get this BOD to hold their hands up... then it's all good as far as I can see. Regardless... at least the truth will out!
Never met the man in my life - I don't move in those circles! Lol
Wonder how many people would like to sue RealAnalyst ,.He was ramping the hell out of Anguss and encouraging people to buy.
It's never going to happen anyway, As soon as the legal team start putting their hands out for more money, saying we are just a little short of funds. I'd hope most will see it for what it is another scam. as it won't stop. it will be a little more and a little more, like averaging down. LOL. until your so far in you think, Damn!!!.. done again.
If Angs lose the law suit.....then they are finished..kaput and LTH are the losers....think about it.
What will they be sued for, failing to find commercial oil?
It seems some people don't understand the risks of oil exploration & think it will always work out, this is a false reality, welcome to the real world.
YL states:
Clearly LTH's have been deceived and lost a lot of money here... if court action is the only way to get this BOD to hold their hands up...
But one of the principal losers financially has been JTP.
Is it claimed that JTP has been deceived by the BoD?
Ocelot,
When it comes to "failure!" JTP is the undisputed King IMHO. Deserves to lose the shirt off his back!
The BOD have sidelined him... but they need to remove the joker from the pack entirely in order to draw a line in the sand for ANGS. If he were booted out for good... even I might be convinced that new BOD sentiment was genuine!
For the SP to truly recover, we need faith to be "fully" restored and that needs a healthy dose of integrity and transparency... the two attributes which have been sadly missing from this company in recent years.
But you see the problem YL:
If it is to be claimed that investors have been duped and deceived by the BoD over a prolonged period of time, how to explain that one of those who has suffered the most financially is JTP?
Because JTP made money by shorting it at the same time!
Nope...people keep repeating the same #fake news.....Angus have enough cash (£5 million,more with Brockham sale) to recompense investors, and it will happen out of court.
Also if individual's are pursued,this will gave no impact on whatsoever on the survival of the company.
Scallywag
I wasn't "ramping the hell out of Angus"-I genuinely and maybe naively believed the statements of the BOD to be true. ..ie what JTP said:-"Brockham flows well" and the repeated rns' that empirically claimed the oil at Brockham had identical maturity to HH,and would be even richer.
Maybe I was a fool for believing the official statements of oil professionals.At the very least it was negligent,but definitely misleading.
I say it as a see it..I neither ramp nor deramp.
LTHS know there isn't a cat in hell''s chance of retrieving their investment if they bought at 8p,20p,12p,15p or more....
They have nothing to lose, and everything to gain in joining this action,which will be settled out of court in just a matter of a few months.
For details of the legal opinion and solicitor who is handling our case,
keither197@gmail.com
How many shares did he short?
At what price?
At what price did he buy them back?
Ocelot...
I've been out. In the meantime, RA beat me to it:
Makes sense to assume JTP shorted. And please: give over with the fake surprise... he's been caught red-handed doing this only last year!!!!!
and - as I recall - "that investigation" is still on-going?!?! Only - as usual - PI's haven't had an update, so no line to draw under this as yet!