Member Info for BertieBassett

....!

RNS on Vox says that BUT ... it's a TR-1
PLEASE BE CAREFUL!!!
-- BB --

Good morning Blue!
-- BB --

Well, let's hope they meet the criteria then ... but please not in 10 years!
-- BB --

In all fairness, February 2018 the Company made a shareholder distribution of £1.50 per share via a "B" share scheme following the approval at an EGM. (Additionally, the Company made a share buyback of just under 20% of issue shared capital for cash of £16.4 million - £5.60 per share - in November 2018).

We will get our reward at relist ... (I hope!!).

-- BB --

Firstly, let me say that I am invested in RPT and have been for a while ...

This share is the only one I hold that irks me ... because it teases ... sometimes too much.

It's quite scatty ... with the SP moving around like a bee on cocaine.

I have learnt to buy on the BIG dips and wait for the inevitable lift to parity - usually within hours or a few days.

Yesterday and today have been frenetic.

There is definitely a story going on in the background and I am fine with that.

From now, I am going to keep a few thousand in cash, waiting for another big dip ...!

-- BB --

what's going on here?
BB

Um - how old is the website? It looks rather new and updated to me ...
I like the line in its Strategy page: "to create a scalable energy business that is able to deliver shareholder returns in a low oil price environment".
So - does this mean that in a "high oil price environment" it will more than deliver?!
If so ... yay!
-- BB --

its a tentative buy for me ...
never dipped in this share before but it looks like a "cheap" acquisition ...

-- BB --

Revenue up to $92.9m (2017:$74.6m), benefitting from high sales prices in Ukraine.
First full year profit after tax since 2013 of $15.3m (2017:$17.7m loss).
Cash generated from continuing operations up to $37.3m (2017:$14.2m).
Moved into to net cash position of $8.2m (2017:$9.7m net debt position).
Both Ukrainian and Russian production up year on year.
Ukraine, commenced new five year development plan with positive results.
In Russia, rigged up for the new three well workover programme targeting a significant increase in production within two years.
BUT:
Three tax issues - substantial - known - unresolved BUT now long term issue rather than medium term ...
All in all ... quite pleasing
-- BB --

From BBC article: One of the most complex financial structures comes from an entity called London Oil & Gas (LOG), which is now in administration but owes LCF £124m.
Almost all the money that was loaned to LOG by LCF has been loaned out to other companies, some of which are unlikely to be able to pay it back. One transaction where a company was loaned £25m is under "urgent investigation" by the administrator.
-- why would IOG or anyone want to be associated with LOG?
-- BB --

AA really wants IOG
--BB--

I note that UKOG today announced "720-1,080 bopd" production ... of which it owns around 50% of the resource ..
It has an MCAP of 75 million pounds ...

We have well ... we know the figures ...

-- BB --

it shows how desperate he is though ....
-- BB --

apparently the administrators do have a seat on the board. the vote was unanimous ..
i think IOG are hanging out for more ... but even a little more will swing it ...
i hold in both - but 90% of all my holdings are in RRE (yipee).
-- BB --

Hi Vista,
Sometimes when you put a full link in, the LSE robots don't put up the post ...
-- BB --

sorry - wrong board ..
-- BB --

Shareholders have yet to give their verdict; trading in RockRose's shares has been suspended since the Marathon deal was announced because it counts as a reverse takeover. But Austin forecast an increase in the company's pre-tax earnings as a result of the deal to $200 million annually, compared with $21.2 million in the first half of 2018, and noted the company has no debt.
-- BB --

https://www.spglobal.cXm/platts/en/market-insights/latest-news/oil/030719-interview-north-sea-newcomer-rockrose-energy-poised-for-expansion

https://www.spglobal.cXm/platts/en/market-insights/latest-news/oil/030719-interview-north-sea-newcomer-rockrose-energy-poised-for-expansion