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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Have only just got up this morning, so first impressions:
yes, wow! Unexpected.
Outgoings of $100, 000 a month from 2021 for 10 years. Once again, very bold and decisive action by our new management and wipes the slate clean. I can only imagine this was settled in this manner as our CEO must be very confident that the cash is going to come in soon to meet this new bill. I'm thus expecting news on ENEO now before year end.
Let's see what the market makes of this.
Well you and the buyer seem at odds with most of the board, I assume that is because you are not sitting on the stonking losses that most of the LTH have.
MMs c**t spread
2 v 2.7s
why when the mkt should be a slosh with stock?!
LOL
Because the plaster has been ripped off with CHL and good news on LA108 clean-up and test.
So why did we open 25% up? Finger trouble?
And this from a company that said it would vigorously fight the CHL claim.
Instead we roll over and get out tummy tickled.
Guess the only positive now is that with LA108 now up and running, we have oodles of gas for when the big power dream hits.
Remember the RNSs 12 new customers “will” and they didn’t ... etc. The system is broken if such market misleading guff is rewarded in this fashion
Foo gets $12.5M for destroying our wealth
To look forward to , and where do they go from here?
They drilled 2 new wells and got 1 gun stuck but have since recovered it so we are told. even so they have 2 new wells that have gas but not enough gas to do anything with and so those wells are just sitting doing nothing. They have a tiny number of customers that cannot support the company with enough profits and at that rate will never need any new wells. They have no eneo business and even if eneo paid vog back the money they owe would vog ever do any more business with them again. Vog are running out of money and big debts round their necks.
What's happened to all those great ideas over the last 10 years , each one never proven to be worthwhile going forward with and each one falling by the wayside never to be herd of again.
Looking at the share trades over the last few months, does anyone want these shares and why would they when they stand a good chance of being diluted again with the next one at what 1p very soon.
To be honest what are the bod's doing and where do they try to go from here.
Not sure why it would. Vog hasn't really been affected by covid to my knowledge. It's all about sales, or lack of them
As a supreme optimist over the years, I think I can hear the Death Rattle with this one. Even the advent of a successful Covid vaccine has failed to inject any life into the SP
“· The Company continues discussions with the Cameroon State for the extension of the Matanda license”
Great. More hits in store for the pienata
Prob KF
They removed a fish from a well. Great progress.
On one hand it’s a shame. On the other hand it’s a crime.
Ouch, not looking good here today.
Merely confirms my feeling that 68 is nothing but a wolf in sheen's clothing.
So where is the floor other than zero, 1.5p or 1p? There seems very little to stop this falling at the moment, which looks quite ominous.
If anyone is crazy enough to be thinking of topping up/averaging down, wait a little while, as you'll be able to get in cheaper soon!
Jed. As the song goes, you took the words right out of my mouth.
That was an embarrassingly daft comparison in the post from 68
I thought You liked research and wanted to know what's going on, ENEO are majority owned by Actis as I said, they call the shots and could if they wanted to pay off some of eneo's bills to vog by putting more money.
You can say what you like about eneo being a seperate company etc but Actis could find a way in transfering more money into eneo if they wanted to but clearly don't want to and they'd rather see vog go bust.
And this is totally different from iether debs or thomas cook and you know it, or don't you.!!!
Actis is a global emerging markets investment firm focused on the private equity, energy, infrastructure, and real estate asset classes. It has a growing portfolio of investments across Asia, Africa, and Latin America and US$12 billion in assets under management. Since its inception in 2004, the firm has raised US$15 billion in capital, executing over 200 transactions in 40+ countries across all four asset classes.[2]
Applying developed market disciplines to emerging markets, an established team of c. 120 investment professionals, working across 16 offices globally, identify investment opportunities in private equity, energy and real estate. Actis is a signatory to the United Nations Principles for Responsible Investment (UNPRI), an investor initiative developed by the UNEP FI and the UN Global Compact. Actis targets consistent superior returns across asset classes over the long-term, bringing financial and social benefits to investors, consumers and communities.[3] It is focused on investments in emerging markets in Africa, China, India, Latin America, and South East Asia.[4]
Actis was formed in July 2004, as a spinout of CDC Group plc (formerly the Commonwealth Development Corporation), an organization established by the UK Government in 1948 to invest in developing economies in Africa, Asia, and the Caribbean. The Actis management team acquired majority ownership of CDC's emerging markets investment platform.
Head office London SE1 TOTAL ASSETS $7.6BN
So they could pay vog if they wanted to.