Member Info for aligator

John2727, I am also hoping for positive news. However the sp is, once again, not supporting that view.

I think many of us feel that PB simply has no interest in, or sympathy for, shareholders. Yes, he is a shareholder himself with a sizeable holding but, when you are $800k pa, you can afford to be blase about the value of your investment. Over the years he has fabricated, misrepresented and indeed lied about the company and its activities. This has been exacerbated by his handling of key events such as the aborted Trinity takeover and the amateur hour debacle of trying to raise equity through a bucket shop broker, whose owner has a history of being behind insolvent and bankrupt companies.

Bottom line is that PB has never really fulfilled his fiduciary duties as a CEO and board director but has retained his position courtesy of a "yes sir" executive team and a board of directors who have been as useful as a witch's tit. In any other property managed and governed public company he would have been history a long time ago.

Don't want to be seen as negative but here we have another example of publicity about TXP, this time regarding attending a gathering of the great and the good in T&T O&G and, lo and behold, the sp dips.

Maybe he only has 4 fingers on his right hand...

Ss, blah blah blah blah blah blah.....

"Cake tomorrow", as PB has consistently implied over the past 4 1/2 years. Only trouble is the continued belief in this specific CEO has seen the sp decline consistently during that period - from 175p to 14.25p (a 92% drop)- all while PB raked in personally ca $4m in remuneration during that period plus cheap shares. And yet all the "cake tomorrow" investors just cannot smell the coffee.

Johno, Unless the MMs know something the market doesn't. Hardo, take note.

Johno, Let's hope so. However, the sp continues to crawl south which could suggest negative news is about to occur. It has happened before and will happen again. I am crossing my fingers and toes.

Johno, Even you, with all your optimism, must be questioning the direction of the sp just ahead of announcements about the new wells? We have experienced this time and time again over the last 4 1/2 years, such that any subsequent gains have merely returned the sp to where it was before the RNS. The pessimism among those of us who have endured those 54 months, is not borne out of negativity but out of experience.

Before you launch into yet another "deramper" tirade, I will add that I sincerely hope I am wrong and that you and your confident colleagues are right. I have a lot riding on the success of these wells and the company.

Sirmark, I truly hope that you are right because the converse is just too difficult to perceive.

Ss, nah nah nah nah nah nah nah...

Snouts in the trough.

Ss, Don't even go there. I have no doubt the vast majority of posters on this board view your constant illiterate input as excellent comedy.

Dbh1956dbh, Of course, I hold no shares, despite being a poster on here for years, consistently seek to dermal and want nothing more than a decrease in the sp. Grow up my good fellow.

Tidd, Believe it or not, all my own words. I was a risk analyst for many years (i.e. not an investment analyst) so take a very matter of fact view of current data and its prospects for the future. You are right that a valuation effectively takes into account past, present and future performance, which is why TXP's sp is where it is now, courtesy of the consistent balls-ups by PB and his BoD/executive team since early 2021. Of course, many posters will say that this is constantly raking over old coals but the reality of the situation is that the market is frankly unforgiving in such circumstances, hence why a company with so much potential is valued so poorly. My predictions for the sp over the next 12 months are derived only by analysis, not by emotion, which is why so many glass half-full posters become upset when the such realities are presented to them.

Among other valuation methodologies, the share price of a company effectively represents the value of its assets minus its liabilities, divided by the number of shares in issue. So when we talk about an increase in the share price, it has to be assumed that this is a result of a proportionate increase in this value. Thus, to talk about a share price of, say 20.5p (i.e ca 50% up on today's sp) - being the placement price earlier this year - I assume shareholders realise that this will rely on a corresponding increase of ca 50% in the value of TXP's net assets. Is this going to happen anytime soon? The answer is no, although triggering the higher priced gas contracts will help. Thus, my gut tells me that, absent outstanding news about the wells, the sp will only climb gradually over the next 12 months or so, with ca 35p being projected by analysts in that period. Even then, this would represent a 126% increase from the current 15.25p suggesting that the value of TXP's assets minus liabilities has increased in parallel. That, frankly seems like a big ask, although I will be more than happy for that to happen. Meanwhile, I will restrict my celebrations to a 1p by 1p increase.

ss,

"pb is working hard over there."!!!

i really do think you write on this board without any thought to what your are presenting. your comments simply plough new depths in your desperate (your word) attempts to find something positive within this **** show. you are a constant on this board and must spend hours reading and writing (albeit in unknown english). the only problem is that what you write is largely gobbledygook - it is difficult to interpret and unintelligible.

save us please by retaining your thoughts in your head.

To give some idea of the flip flop approach taken by Supersport, the following is what he posted on 25 May:

"Once again PB deviates from information provided just days earlier information that was provided after what we have been lead to believe was significant consultation with Heritage and service company providers.

This is a real issue for investors when you simply can't trust a single word the CEO utters."

So tells us Supersport, what has changed your mind during the last 3 months? The reality is that you don't really have a clue about what is going on but are probably the most frequent poster on this board, with content invariably difficult to comprehend if not read.

The hypocrisy of these share awards, for performance related achievements, is simply beyond any reasonable person's comprehension. The reality is that, for almost 5 years, these clowns have mangled just about everything in which they have been involved, be it technical issues, financial issues or corporate issues. But they continue to pat themselves on the back and award themselves financial goodies for achieving the square root of f*ck all.

Talk about pigs with their snouts in the troughs. Disgusting.

As I said Johno, the facts are that Sturm, Hardo, Ss and you live in a world of fantasy where you dream of TXP discovering huge oil and gas reserves which, interestingly, have never been identified by the likes of huge companies such as Shell who have operated in T&T for many decades.

What then exacerbates this surreal environment in which you assemble your thoughts, is your inability to either express yourselves appropriately or even state correct English. Indeed, some of your posts are not just unreadable but lacking any point whatsoever.

There are many, if not the bulk, on this board who just get tired with your senseless ramblings.