The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Hoping to get his £500,000 back out of a company that's worth around £800,000.
But let's not be pessimistic , let's go one step further than Fyoz and look for an sp that may be worth upwards of 5p , 10p ?
Licenses, drilling, production and sales to UK power stations ?
BOOM if fracking gets underway
He will still hold a stake that is worth more than his original investment even if the SP drops to 0.04 as he now holds 80% of INFT instead of the original 20% he owned prior to suspension.
Let alone a value of .4p
I'm hoping for some good news but not optimistic about it.
This company has the potential to be very profitable if people with the money and strings take it seriously.
That’s what we do know ;-)
It’s not what is posted,
It is who .
Doesn’t matter what I say around here, apart from “my fans are all c##ts” as that would be committing carreer suicide.
: -)
.
I’m actually glass half full to be honest.
There is still the potential for This business to be huge and I banked on that in the first place.
I still think we have lost out substantially because of this stupid vote.
The directors put the suggestion in and everybody went for it without an arguement and threw what could have been a big chunk of why we invested away.
Sorr, but complete impatient stupidity.
I’ve got to laugh though...
Of all the impatient and stupid decisions I’ve made in the past on other investment s, this time I sit back and others do it for me and saved me the hassle.
Is how you stand.
That’s a simple one.
Yes I really am clueless as to why any INVESTOR
would vote yes on an issue of shares that give nothing but dilution to the INVESTOR and almost everything to the DIRECTOR.
There is only one person argueing ( I’m not giving any clues out )
The rest must feel a little stupid and don’t really want to be reminded by me banging on about it, so I apologise to them for that.
Let’s all wait for the prospectus and see what hope that can give us.
Over to you Fyoz.
Oh yes there is.
Vote yes and wait longer for less money.
Probably a lot less than you paid in.
Good old Gerwyn had it handed to him on a plate.
No negotiation with shareholders, just yes to a £ 10 million issue to himself to take up the notional slack in the valuation of Transgas.
You lot must be feeling so stupid giving all your profit to Gerwyn without an arguement.
:- )
No rush : )
.
That could have happened without a doubt if Gerwyn hadn’t bolted his £10 mills worth on top.
All we have now is hope.
Well done Fyoz, as predicted...
The glass is neither half empty or half full as you are basing that comment on a notional value of 0.4p
You are worse than a politician with your one sided comments.
How about Gerwyn being up by a few 100% from the investment he made in INFT and us being down way more than 40% on open.
Just try to be honest for once and make a calculation based on the pre delist value of INFT regarding the amount of shares in issue at the time ANNNND Gerwyns investment in INFT at that time, you don't have to mention the £10 million quids worth of shares he's bolted on for himself.
lets see now ...
4.44 billion shares @ 0.4p = £17,760,000 = 26% of Transgas.
yeah, righto !
I know its difficult for but go on, please try, I dare you ?
Other than that, I hope the prospectus holds some good news
I was merely responding to a question about what we will open at .
So as far as giving it up is concerned it is you who is digging over old ground.
Is no one allowed to re iterate to explain the future ?
Unless of course it’s positive old news then that doesn’t count does it ?
Let’s leave it there.
The figures just don’t add up...
Trannygas apparently worth around £41 mill. ( that’s what they have said)
We will now have 26% of Trannygas. ( £10 odd mill )
We were worth around £2.5 mill before delist when it closed at .13p
The notional opening value of .4p makes our delisted shares worth around £7.5mill
Add Gerwyn ‘s issue of £10 mills worth of shares to himself at 0.4p and that’s £17.5 mill or thereabouts.
That does not equate to 26% of Transgas unless Transgas is worth around £70mill.
That’s all on an opening price of 0.4 as the directors have told us.
If we open where we were before delist at 0.13p with Gerwyn shares all in , we will be worth around £5.5-6 mill.
I’m guessing ( and hoping that the prospectus holds the key to their 0.4p valuation and that Transgas really is worth £70 mill but I doubt it.
Best case with nothing new is we open around 0.2p and wait ( roughly 26% of £41mill
That is my opinion.
People have argued with me over my opinion but none of them have have actually dissected that and put any logical explanation with figures in its place.
So !
Like is said, the opening price is anyone’s guess.
I’m sure Fyoz will be along shortly to put his spin on things.
Well, because of the vote and the fact that Gerwyn now has a notional £10 million quids worth on top of what we already had pre delist l, I’d say the opening price is anybodies guess.
The vote of yes has messed it all up in my opinion.
I’m optimistic,
I suppose the site wouldn’t be back up if the company was not relisting shortly.
I’m holding in any case, but I’m itching to see what happens in the next few months after trading commences:
I wonder what that will be ?
Relist date the week after ?
Is the SP going to dip to .06 and then skyrocket to 8p like lgo did shortly after i sold.
: (
I’ll stay out of this one so you guys have a chance.