The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Well said Ozzie43, much clearer and succinct but what I was trying to say!!
I don't want Parsons to go. I'd much rather see him suffer until the bitter end as I will be doing and many others will be doing too. I don't want to see an easy exit for him. Too many CEO's have snuck out of the back door with handsome severance payments for achieving next to nothing. MYSQ comes to mind, but I won't go there again.
Jez - delighted to join the board of chuckle energy....eaten a kilo of heinz baked beans on toast with a pint of lager to really get the gas brewing. Get the jars ready.
I don't think james wased his time responding to me - like i said before, he knows exactly who i am as does sarah and BM, they have met me in person many times whether organised or impromptu and I don't hide behind my LSE name
if I really wanted to go to town I would bring up a very important #: #letthedrillbitdothetalking
Now after that #, how on earth can anyone state that 2 failed wells don't seal the fate of the license potential? afterall, they were all touted to be independent geological plays therefore making them mutually exclusive...
Welcome on board N4aPound. Join the merry band of men and women who tell it how they see it and don't hide behind their pseuds. Parsons knows the pressure he is under to deliver. Let's hope he is a deal maker and not a meal maker when it comes to the LE result. Always happy to accumulate more gas if you're naturally a gaseous individual. I live with STZ who is a personification of a whoopie cushion. It was chicken biriyani and two meat samosas for me this morning at 7am to kickstart the day, freshly made to order. And you wonder why I am big boned?! Hehe.
I'd much rather the BOD for the next quarter, are paid solely in shares rather than taking a wage. On the three months up to December 31st, commencing October 1st, I'd welcome that. That would give some of us the confidence we need to see that they are serious about delivering us a decent LE.
Thanks Jez, plain omlette for me this morning, nice and bland
Jones - I do have a recording of the meeting, and it's quite clear who said they could pick up the phone and sell for 1.20 all day long, just listened to it again and the name of a potential buyer was also mentioned.
Meeting was originally organised by me and I wasn't expecting Mary to be there....wasn't expecting a sandwich spread for lunch either as it was originally just a coffee and chat request.
I have since asked if the Bod would take shares in lieu of salaries if they are indeed all acting in the best interests of the company but he has chosen to ignore that question, which is no surprise
N4a well written,
JPs reply just confirms he has a moral compass lower than a snakes belly.
Lostallfaith - thank you....
Just taken 5 mins to have a look at the notes to the accounts, and the NAV that james liked to go on about values them at 15p/share
That's the net assets on the balance sheet divided by approx 1.14b shares in issue - if they took an impairment charge of 6.5m on goodwill, it appears they have transferred the balance to PPE, which is the residual value of the development and production licenses and good will associated.
So slightly worrying if the website cites an article valuing the horst at c.25p/share, and the balance sheet states the total value of production and development assets as at Jun'19 at just 152.25m/1.14bn = 13p/share after impairment charges following failure at TE10....
If this is all actually spot on, 40p LE is not even coming and 25p would be a blessing!!
Riddlers do you actually still believe anything that’s written or said by JP this company.
"I know what the result will be before you send"
is that because you have experience of 'research' being ignpred by sound?
eh GRH :)
hope this helps.
You mean the auditors reckon Tendrara plus Sidi Moktar are worth about £150m ?
Do you think the auditors know something the interested parties don't?
N4A- If you believe your analysis has any merit (in the context of O&G), then please do some research on valuing such companies before investing further in the sector.