Member Info for bandit1

Gullible - you are Somewhat missing the whole point. There are no fair comparisons to be made here. Berkshire Hathaway have been watching the potential impact of Covid-19 closely and have realised in recent weeks that government policy around the Globe is such that the effects on airlines and travel particularly are going to be felt much more severely impacted than anyone anticipated reference Ryanair, IAG job losses etc etc. Beetham wanted to sell into a rising market to pursue another rainbow and chose to mislead IMO. My last comment on this subject.

Mercedesman - you are on the money with that post my friend. What others will also roll their eyes about is that Beetham’s ego truly has no bounds as he tries to self-justify his own glaring flaws by comparing himself to Warren Buffett ( if it is good enough for him........) - funniest thing I have read all week.

So, the spiv trolls have arrived here so best to do something else today IMO. When a share has superb prospects and has dipped on news they arrive on mass to do their thing with a view to getting in for their 10%-20%. Why are they attracted to a share like this? Well, it may be something to do with the fact that there is a significant upside potential and so if they are successful in bashing after a good rise, they will make money - simple. Irritating to watch their games so I am off out to do some work on the garden otherwise my filter button will be burnt out! Oh, and another thing, when this rises next week they won’t be seen for a while until the next time.....

Beecham - I think you said that you were 90% certain that a buy-out was likely at 11p not that anyone listened to you. Now, I am rarely 90% sure about anything these days unless I am in control of the decision process. You may not be surprised therefore that you have limited credibility as this is the second spurious line you have peddled here. I wonder was Gervaise would think of your comments if he was made aware of them as he has invited you to take up warrants yet are content to peddle third rate rumour on a chat room!

I think that the market makers are asleep on RRE, this is what I call a delayed reaction. If AA plans to say anything new tomorrow at the AGM he will have to put out an RNS beforehand. I imagine that he is grinding his teeth at the moment!

Yes I must agree that I find the markets reaction to this share difficult to explain. my rule of thumb in situations like where there is such a big valuation gap as we see currently is to continue too add which I have just done again.

Spymaster that is incorrect. Listed companies receive approaches all the time and may discuss offers for weeks or months but they never quite get there. so to say that as soon as an offer has been received you must notify shareholders in incorrect. Now, if a company is in talks and this is leaked to the market causing a spike, at that point The UK Panel on Takeovers may insist that a statement is made clarifying talks. Now, there is no false market here as far as I can see and so I suspect this is spivvy BB talk. Still excited about news tonight.

Another 500k Just now to add to my pile. Despite all the posts over the weekend from folks saying they won’t be selling some will have been selling, no surprise there, and some of course will be true to their word and will be holding or indeed, buying. Reality is that with 3.8 bn shares in issue and so many in retail investors hands, most of whom will not post on here, there will ALWAYS be a big churn in GGP. No need to run through why I am buying at these levels as it is obvious and those who have been around the markets for more than a few years will know that buying opportunities will always present themselves with our share register until II’s come on board with decent sized stakes. Excited to hear about the next instalment from SB/GH.

Bluerill - good job in keeping the lid on your self importance ( tongue firmly in cheek at this point) and for a measured and realistic post, particularly about it taking time for the penny to drop with serious investors. Now, it may be that SLE is simply not on their radar yet, that some are waiting on the Nigerian government to unlock more significant payments to the operators ( oil prices need to lift from here) before they wade in or perhaps the recent history of SLE has frightened some away never to be seen again. Whatever the reason, our CEO needs, IMO, to step up to the plate and show display greater energy in encouraging new money to invest here. The free float is small in relative terms so the share price can move quickly with steady buying interest. SLE will not sell itself as it has been overlooked of late so I am pleased that OF appears to be starting on the charm offensive which can give current investors a sense of optimism here during what has been and still is, a torrid time for the O@G sector. I remain forever hopeful that others will see the potential across this year and next.

Quel - if I was a market maker I would have used the announcement this morning to acquire a decent chunk at bargain prices to sell them back to punters over the coming weeks.

Well PC01 I have half a mill of these in SIPP/ISA's so tax not an issue for me personally but it will be for some. TOSCA will pick up a little under £20m and they will have smart tax advisers helping them out so not an issue for them either. As you know it is not all about this dividend unless all you are planning a 3-week quick in and out trade.

I hope many on here, like me, have filtered johnygolightly. It seems that the quality of paid trolls is dropping like a stone these days. Hasn’t even tried to understand the company fundamentals so best to filter and he will disappear as quickly as he has arrived with his 25p per post. Important to stay patient here and whilst it is important for Austin to consider opportunistic transactions at a low price point, there is no need to panic buy IMO given the strength of our balance sheet. In the coming months as the world economy starts to emerge from this virus induced depression the enforced production cuts in US, Mexico, Russia and Middle East and elsewhere will start to rebalance supply and demand. Yes it will take time but the market is forward looking and the positive effect on the price of Brent and WTI may come sooner then some expect. Patience is required I know but we are getting used to that after 5 weeks at home!

Redleader just to add to the replies you have received, which I agree with, is to say that Prim is an investment company of sorts which relies upon investors believing in them, not just their investment prowess but also that they can be trusted. Saying one thing then doing another is not a great sales pitch IMO. I suspect they will hold as their boss knows this area better than anyone on here.

Marty - I do agree that this board is almost dead and few would deny that Bluerill is probably one of the most pompous individuals you will find on any of these boards. He does appear to be an investor here, as Indeed I am and he vilifies the derampers which is no bad thing. I do my own research and will wait patiently for my pay day here but for those of a sensitive disposition best to stay away especially if you have an agenda to bash SLE. If you choose to do otherwise you deserve all the get!

Prudent perhaps but how many times have we heard ‘ no dilution’ , ‘fully funded’ ? My own view is that we have an inexperienced CEO who tries hard but without the confidence of the investment community he will find it hard to attract new money. He is unproven and has destroyed value since his appointment which is a fact. Yes, we have CalE on board but their presence has not exactly lit the touch paper here so far has it? I accept that the sector is in a pickle at the moment and if I did not need the funds I would probably exit and use the capital elsewhere . Thankfully I invested in Greatland Gold below 1p so will sit here for a few years to see if the potential here can be exploited with the aid of CalE. Not sure that Hockey has the minerals to do so on his own IMO but if he proves me wrong I will happily eat a few slices of humble pie.

I have had this on my watch list since Stroll initiatives discussions at the higher placing price. On the watered down deal I decided to hold off and I remain on the sidelines until the new shares have washed through the market. Will AM survive as a brand? IMO I do think it will but not in the current plc. My own view is that ultimately the debt and continuing losses will continue to drive the price down and that’s when Stroll puts his hand up and agrees to save the brand but the company returns to private hands with Stroll owing it. As an F1 fan I am fascinated about what happens in 2021 when he plans to rename his current team ‘Aston Martin’ . Will he own the brand by that time? Not a shorter but this is how I see this playing out based purely on fundamentals.

It is true that PE have more cash that they know what to do with at the moment but when your top man has almost 30% of the equity there is no risk of him being seduced at recommending a poor deal to shareholders which I have seen too many times so I have no worries in that respect. I invested here due to the clear under-valuation even at 30 bucks a barrel, Austin’s skin in the game and the strategic long game and potential to use cash firepower to leverage value. Nothing has changed apart from the spivs jumping on the back of a virus driven demand shock helped by ALGO’s and they have forced the price down regardless of underlying value which is how the markets work these days, however irritating that is for most here. Even more important therefore is to believe in what we have and ignore the naysayers as some have said already, they will not be on this board when the world comes out of this nightmare and global economic growth ramps up. Don’ t forget that there is likely to be a lot of cash coming back into risk assets and many will be searching for bargains.......yes bargains like company’s on a 65% discount to cash. All IMHO.

Oil loser is clearly a paid troll. You can smell them a mile off. In the trash cash for you troll along with your troll mates. Now, it seems to me that there is a lot of pressure to keep the price down here by some parties. The huge disparity between fair value and current value is vast as genuine shareholder are fully aware. Austin is not a patient man and will have contingency plans in mind if this disparity continues for months on end. He cannot buy through 30% otherwise he would be required to submit a Rule 9 mandatory bid but he could raise funds in conjunction with external investors to take the company private. He is well connected and fully incented. I wonder is SA are still selling stocks cheaply before they are in the period of commitment for production cuts. Either way, hang on in here folks as returns will come our way despite losers winding us all up.

New KOTB IMO when the stakes are high such as they are here, and we all know that Mexico are a bit player in this arrangement (4% of cuts) they will not get away with scuppering this deal. SA and Russia have compromised in a big way as have other nations so Mexico will be dealt with in some way or others will pick up the slack. Mexico are not a superpower and need friends so expect some for of arrangement. I don’t know what it will look like and don’t particularly care but I do know about business and this deal is too big to fail due to a pipsqueek producer. Expect the OPEC rules to be re-written after this.

Pleased to see this and hope their estimate of a bounce in POO bears fruit.

https://t.co/Iekw0lmJj5?ssr=true