Member Info for AidanOwens

Nobody knows. If memory serves me right its normally about 2:30 ish that it seems to come out

Poor liquidity

Must agree here my entry price is 52p which I'm pretty certain it'll hit. Long term we all want this to go up though

We originally spudded four months ago tomorrow. 4! I beg for news next week. I have no choice but to hold but my Lord patience really is being tested here. Been in since 2017!

Have to totally disagree! At 60p that's a MCAP of 29mil. They were in profit with the last results and would have had a net EPS if it wasn't for the 11mil exceptional cost which of course caused a net loss per share. Low debt at C.11mil. They're a 70% gross margin business, a few cost syngergies and they can make adjusted EBITDA up to 15%. So be conservative and say profit of 10mil year on year with a P/E of 5.....
I think we've found our base as that doesn't even include estate value

Mid to long term*

100k is my target, about 20k short at the moment. Long term can see this at a pound if the number of shares stay roughly in the same region. New stores from rollout will have a chance establish, sort out margins and hopefully this new AI creates greater revenues. 1-2 year hold for a 60k gain is my goal. Saw my first Footasylum bag being carried by someone in town yesterday. Was a great feeling.

Looks like there's no stock about atm

We could have hand dug further lol

Doubt you're worried you're not even in you clown. This isn't a duster lol

Never thought I would see these under a quid! Have to agree long term this is great. They also pay one of the best divi in the sector as well.

So what do you take on that buy then pfff

Correct, R1/R2 is 90%, Mengo is a tight sands layer and is an appraisal layer also. It was found to have oil in our acreage but couldn’t be brought on to commercial production at the time due to technology (found in 2006 I believe) this is initially expected to be 800 bopd but relatively quickly reduce to a sustained level of around 500 bopd. At little over 500 bopd if oil prices were 35 dollars per barrel the board would expect us to break even. This has a 60% cos. Final target is djeno, other operaters in the local area have managed in excess of 5000 bopd which would be transformation ofc for the company. This has a 25% cos due to the oil rim. Also they cpr stated there could be larger quantities of gas above oil rim (must be honest I’m a bit hazy about this bit). Essentially AAOG will be successful with Mengo alone which is 60% . The cpr sets out how these calculations are made btw

90% COS for R1/R2 is everywhere, you can find it from after about 5 mins of research, companies presentations, the brokers report and the competent persons report have all concluded R1/R2 is 90% CoS. Have a read of part 3 of the aim admission document.

Can't say I'm surprised, could be good value from this price though.

I honestly think the issue is with store managers. The shop where I live also had insane wastage (the workers tell me as we're mates) there's a new kiddy there who's on it and food wastage is under 5% now. A good manager who gets stock rotation spot on will keep margins and they need localised knowledge. I don't know what restrictions managers have on what stock they can order but if they can see and get what the local community want then they'll be doing a lot better. Ofc I hope it recovers for you mate, the Divi isn't too bad so should be comfortable enough to hold. Results Monday, fingers crossed for all that are in :)

If my local is anything to go by I'm seriously not surprised, kicking myself for not shorting. We have a store in Rottingdean, Brighton. Old manager just sacked, 13k worth of stocking missing on first audit, second audit 8k missing. Stock is rubbish and overpriced, no one really buys anything. Know all the staff pretty well, Mccolls have put the shop on the market, it's got a ridiculous lease though so everyone in the shop thinks it won't sell. That's a loss making store on the books for the next 20 years (was one of the stores bought of Co-op). Would only consider buying at the pound mark.

I’m pleased. Churchill Square has two main entrances, if you enter from the right side the first thing you can see is the store and it’s logo/name. FOOT is pretty unknown down here so that’s great for raising awareness of the brand. 8 members of staff by my count, couple were just standing around so maybe could lose 1 but schools kick out now and it normally gets a lot busier over the next hour of course. Security guard on door very diligent.
I can see where people say it’s clutered, the lay out of Foots stores create a lot of corners and where clothes are it can give the appearance of it being cluttered but as a 21 yo I really don’t see that as an issue and as an investor I can see it’s smart and it’s nothing like how SD stores are in reality. Maybe I’m just talking out of my rear but anyway, I think it’ll do well

Will head to the Brighton store later on today and report back on that. I expect Brighton's store to do well, will try and have a chat with the manager as well

Hit that oil and place lol