Let's keep our cool chaps! It was me who mentioned the £1 million a year and as far as I'm aware that was true. I didn't know about the recent reduction. Whatever, it has cost a fortune and as stated, is a dead duck. When the company's in the state it is, it should be abandoned, whether it's costing half a mill or a solitary quid, imo. Simple.
Tobin, This has been estimated to have a true NAV of around 5p on a certain website. I think that's overly harsh and see the proper NAV as around 25- 30p, but it's a guess. Whatever, do not believe for one minute that this is trading at a discount, imho and be very careful.
Aus2009. It won't be free. It's a headline thing, that's supposedly paid for by a Digital tax on the likes of Amazon. While the right wing press perpetuates this stuff and this Labour party actually says it'll be free, it actually will not. The Labour party, as stupid as they may seem if you read the Daily Mail, are not daft. Things like this will be paid for with taxation, simple. I'm personally all for it. Because I can afford it (doing ok, but nowhere near wealthy, by any means) and am not a selfish bastard.
Jake. I think you forget one very simple thing and it's something I've learned. For every winner, there is normally a loser. You've done well. Well done. But I'll bet that even if you can't see it, someone else has lost down the line. It's probably been my life's lesson, tbh.
Zibrahimocic, So what does that say about the free market? And Thatcher, who I detested, but that's another story? No doubt opening up the market on the face of it, but not in our real interests. And why? Because the market couldn't/ wouldn't do it, because the investment costs were too high, imo. This is exactly why it should be done by the state. It's the only entity that can progress proper broadband in the UK.
Skier1 And you answer much purely in that statement. 5th by GDP, yet only 29th when it comes to PPP. Who's being stitched up? The fact is we're doing very poorly after many years of the same old rubbish.
And with respect, your opinion's rubbish. We don't need 300 meg now, that's true. But consider the IOT and the way things are going. We soon will need it. As for your views of Corbyn, I feel sorry for you if you're a working person. We have people getting foodparcels! In the UK, the 5th richest economy in the world, FFS! Of course, if you're minted, I can understand your view, as you've done really well over the last god knows how long.
Yet the reality is that Broadband in the UK is an utter joke, when you look at world levels. Go and check for yourself, but our average speeds are pathetic, when compared to even up and coming economies. Which means that BT isn't working. I'm with Virgin and get 300 meg. They have way more on tap. Can BT compare with that? The BT setup is massively outdated, even though they're rolling out fibre.
It needs massive investment and that will only come by it being nationalised. If that doesn't suit you holders, tough. Sell out and suck up the fact that you've invested in a company that is way behind the curve, in every area. That said, I don't see Labour getting in anyway, purely because the thinking that's been demonstrated on this board is typical.
Yet the fact remains there's still a load of pipe laid, which is good infrastructure, even if you take out a good percentage for what may have been skimmed off the top. Which has to have decent value, if only the demand for gas can be found. It'll probably prove a real bargain for someone.
RE: After hydropower, Africa50 investment fund interested in gas and airport sector in Cameroon13 Nov 2019 00:30
That's harsh, Bigsmoke. Vog could be a great investment at £20 mill if someone could help drive demand. Ok, the demand obviously isn't there atm, but I wonder why that is? Anyway, whatever, it's hardly ramping.
I feel for anyone massively down though. However, there must be some point where it's worth buying back in or adding. I just can't see it yet. I don't think this is a zero and am watching.
Yes, I'm aware that Banjo has been supportive for that long, as I've bought, sold and watched VOG for at least that long. I've also seen abuse thrown at him over the years, in fairness. I'm just intrigued as to how long someone can keep believing they're right before they accept that they've been wrong, that's all. Each to their own, but I'd be one of those slating the company blind if I'd held this as it sunk.
That said, I'm not completely sure this is a zero, as much as it looks like it's headed that way. The trouble is, I struggle to see how they can turn things around. It's been quite obvious to me that despite Foo's and Dik's talk of massive demand, it quite simply isn't there. All that pipeline investment and the company still can't make a profit. It's quite sad really.