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Barondaytrading added 175,000 shares here recently at around 38p. He still has existing holding too. I've never heard anyone accuse him of ramping, his record speaks for itself. He is a multi bagger specialist.
it's a fake account on twitter not market oracle
i remember him stating not to rush into vgas when the price had already jumped to 80p. I wouldn't call that pumping my friend lol
As for his other stocks., You obviously didn't buy his Rockrose call from 3 pounds which is now close to 20 pounds or his Serica or Regal calls that have done over 1000%! Nor his ftse ones like Evraz or Fxpo that did hundred of %. Those blindly following him are mad but he get's a lot more right than wrong and when they go big they are usually the best performers in the market. Thats why he has the following. Just had a look on his feed now and he's stated on Vgas that he's well under water so looks like your barking up the wrong tree with your claims
This is another baron dayramping stock. Quite a few have been burned here badly. I've no doubts he quietly left as he was pumping like crazy on twitter.
Maybe f15 but barontrading whipped his followers into a frenzy here with ridiculous assumptions of big/ger production. He has a tendency to do this with small stocks and quietly slips away. Just a warning!
That Baron geezer is constantly ramping the hell out of this on twitter has been for a while. Usually means he's dumping just ask VAST shareholders who lost 90%. Seems to be held in god like stats by some though quite a few are onto him. Always mindful of these 'guru' type investors. The balance sheet/fundamentals don;t stack up here. Plain to see.
Ouch glad I got out on April's increase 20% quite a big drop in reserves. GLA.
On the move to a re-trace now and envisage new highs over the next few weeks with divi policy in place and new buyers coming forward.
Any thoughts on VGAS? Not bought in yet but looks to be due a further re-rate based on recent announcements.
Oops, yesterdays gains lost.
"#VGAS having no problems putting in a +8% today. Small seller taken out yesterday. On '18, Free cash yield of 17% places this in the extremely cheap category with 2 hefty divs a year. BoDs quoted expectations for greater profits in 2019, makes 2 divs @ 11p look very plausible"
https://twitter.com/barondaytrading/status/1123251468763639808
No probs.
Certainly a very juicy yield on offer here.
Cf456 thanks much appreciated. Looking forward to dividend.
Although having a look on SharePad it says ex-div on Thursday, so if that's correct you'll need to be holding before then.
You just need to be holding the shares on Friday.
You can buy any time up until then and will get the dividend in May.
How long do you need to have held for dividend?
Chunky dividend if holding on Friday.
5p per share at the current exchange rate.
https://investegate.co.uk/volga-gas-plc--vgas-/rns/final-dividend-payment-and-currency-election/201904110700157819V
Ok, it's barondaytrading. That makes sense
Looks like Volga being discovered
Nice 24% increase in revenues and final divi of over 9%.
Results were as expected or close to. Nice dividend: over 8% yield. Still no future development just a slow improvement in efficiency (better then nothing though...). Ridiculous Director buy for an amount of £540. A solid stock but nothing to get excited about.
I agree with Krok that just a corporate event or a tender for some asset can move this share. I patiently hold...maybe an increase in production and the further improvements will make the cash generation too big to ignore
volga Gas has been a major failure for BVCP Its oil and gas partner responsible for this deal was fired from BVCP and subsequently from VG as well because of thus There is zero chance BVCP will spend more money on this asset VG has no major upside, though it can start generating some cashflow abd pay some dividends The only upside here may be in some transformational deal with another asset
The past year has been spent on reworking the gas processing facilities and setting up the LPG plant. This reduced production, drove up costs and delayed any new drills. Now that the new facilities are largely built this could turn into a cash cow, paying high dividends but with a limited life. Alternatively they can do more drills to extend the life of the company, but that comes with risk and delays shareholder returns. Ideally (for me at least) there will be a full buyout. The current shareholders bore the risk of the past years projects failing and, now that the production figures are coming back up and the LPG project looks to have been a success, should start reaping the rewards very soon.
What does the future hold for Volga Gas? It's owned by a Private Equity outfit and has been for over 10 years, very thinly traded, good production but smallish reserves...hasn't drilled a hole in a while...yes it does make money but not enough for a real dividend stream (maybe...just maybe)....
I have a feeling of a sound company but I can't see a real unlocking of the value anytime soon. I have been in this for a long time and I am starting to loose hope
Opininos anyone?
"In May 2017, average gas processing capacity was reduced, as expected, in order to permit full industrial testing of the new gas sweetening process. This is expected to continue through June 2017, but thereafter plant capacity is expected to be fully available enabling Group production to return progressively to over 8,000 boe per day. The implementation of the new Redox processing is expected to reduce processing costs materially and since Redox is regenerative, will substantially eliminate the requirement to dispose of spent chemicals. At the Uzen oil field, with road conditions restored after a wet period in April, oil trucking and production was restored to normal operating levels. Group average production in May 2017 was 5,420 barrels of oil equivalent per day (c.28% lower than April 2017)." http://www.investegate.co.uk/volga-gas-plc--vgas-/rns/production-report-for-may-2017/201706050700030850H/