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.
The Canadian market held back by stupid low increments can flourish
with competitive prices closer aligned to London
London 0.3p Canada no volume 0.58p v 0.28p days ended
The lower share base of 164m will be attractive to REAL core INVESTORS
looking for both organic growth and dividends
Share should once the news flow arrives to kick start things, rise to above
45p when both US/Can $100m (£73m) and UK £50m criteria upper II / Funds
may arrive to support the companies growth
If these sorts of names appear in an RNA message or TR1 some names can
multi bag a share alone , unlike the HARDON 's of this world who will always
end up with something floppy
Allowed to rise with news we could quickly move to £1 at which point Arty
could raise £15,000,000 for the same 15m shares less than 10% dilution
to the share base with a semi sticky or sticky long term investor
Which again allows the price to rise on operational progress and results
next raise could then be £20m at £2 and only 10m shares even less
dilution
With revenues and reserves set to rise for the next few years in Wyoming
if not taken out for a price by our Major neighbour and the massive oil
per well potential of Nigeria no reason for them not to come on board
and reap substantial rewards via dividend not dump
Arty now has all the elements in place to move UP market , he has said it
often enough in the last 8 or 9 years to build a mid tier billion/s market
value
Time to prove he still has it in him to make that final step to attract those
INVESTORS over wonga's and let the SP flow with the news and the Oil
If he turns current 16b share base £46m into 300m shares at £3.35p next year
with all in full swing and Oil and Gas coming out of his ears , he will have
his Billion £ company lol
:))
Didn’t know that HFB - if it’s a Big name on TR1 the SP will motor.
Let’s hope it’s someone we have all heard of and for the right reasons.
Especially if it is a fellow Oil production company , stinks of early stake
with a view to taking us out in the future
Likewise if that name is a leading II/ Fund, aka not going to dump but stick
around and well known as a leading financier in the sector etc it will
rocket
Even dog ukog roared to kiss near 12p when French Major joined the party on
the open market with £6m in 3 trades over 3 days with the first landing 3 days
delayed after the rise had taken hold
Maurel Prom boom , sadly they quickly sussed out Trousers lame plans and dumped
causing it to crash again lol
:))
Thanks HFB
HFB the only contrarian remark I’ll make to your view of the way forward would be to use the profits from current production and the debt market for the raises, not further share dilution.
the benefit is everyone end up with less shares .thank you
ideally debt based , RBL etc but if he has to raise suddenly having a core investor
that will also finance and not dump is a handy position to be in, we have the
$20m in reserve but that could be used up on advancing wyoming deeps or new
AQ's
Then we have Essar first drill 15,,000 bopd rate gusher , Art wants to excise the option
that could be a sudden $30m , the deal says for equivalent back costs to take the
extra 20%, pre the upcoming drill program Essar have already said spent $80m on the
license pay back costs and now funding for the next drills etc
He has said the plan is aggressive development , if deeps horizontal drills brought forwards
more finance needed , so we may still need some supplementary funds in the next year
Always handy to have the option available of a quick decision core investor sitting
in for the journey with a rising share price and limited dilution compared to the past
if we needed that sudden extra finance , we could soon be in a position to raise
£10 - £30m with only 10-15% dilution
not the recent doubling , treble, quadruple spiral with confetti issues at low prices
and the upper finance investors like to de-risk some keep some into a rising price
maintain or even increase their core holding of the company not put their foot on
shareholders necks and the sp and squeeze it down
He has all the elements in place , be it debt based or otherwise all good as long as
he moves up in the world with his financial choices
To me his getting rid of the biggest leeches on the market YA/RGO was a signal of
intent , he then moved into the next level of wonga's but now like with the Atomic
deal needs to leave them behind for good , be it debt based or via direct equity
investors if additional funds needed until revenues v operational developments
make us self funding
Whatever he has in mind , all should be revealed starting next week , consolidation
completed , updates and the regular news flow he keeps threatening to give lol
:))
everyone ends up with less shares yes but of the same value and market cap
£45m is still a ten bagger on £450m , atomic base value now £238m add in
deeps bigger potential than shannon/mf with horizonal drills a basic double
up £476m then Nigeria could be just as big as Wyoming basic double up £952m
and Arty well on his way to his Main Market Billion market cap company lol
:))