Member Info for Beynon

Flawless - it was only zero sum if the assets were comparatively worth the same at the time of merger. Shallows are producing deeps are not. If the deeps produce that asset will be worth more than the shallows, if they do not - cannot - that asset will be worth less. If worth less then it is dilution. At present they are worth less as they are not producing and the deeps are.

CC - wouldn’t be a stretch to expect a delay into dud rns to crystallise 3AB at a preferable share price and total shareholding to directors before carrying on with things. Hoping to be wrong but the 3AB is a twist in the tail for all invested here. What we have done on 2 separate occasions in the last 9 months is dilute shareholder value but create £0 funds income. The first, the merger, is fine if the deeps flow. It is almost May and they are not. The second, 3AB we’ll make of that what you will

The 3AB deal is pretty blatant in my opinion. Feels more ltd than plc. Clive is CFO now and jiggling around with his other ventures - AST look like they are trying to do something with little - lack of focus on what you would expect of a company of this market cap. I’d love to see the arms length justification for the 3AB deal - must be speculative at best.

Essentially issuing shares in the shallows, diluting the existing shareholding, us - in exchange for greater %age of the deeps ie producing quick turn low capex for the deeps as we all know and love (the merger). Sure there was the headline investment drag cited for the reason to merge but I am sure a lot of the development cash spent has gone back into the pocket of the directorship - Not money laundering tho.... maybe it’s all those years of paranoia kicking in.

Hi Coffee. Agree with you again.... I reckon the same multiples are at play but ways feared the deeps were Back door dilution to let others into the shallows. I see 60p upward max in the next 12 months if things go very well ..... we will see I suppose what branch of the tree we take next and re-evaluate

Personally I feel a stubborn obligation to ride this out is overriding my gut feel. I would be surprised to get a rns saying a5 clear and flowing and another ready to go. I would not be surprise to get one saying, more issues with a5/ p&a plus nothing else happening but for more schemes to pass ownership back to directors. Maybe just me but been here long enough to know that it is a rare thing to get good news. I though the November news was it, the final hurdle to getting information out. How wrong that was, since then a “freeze” on info a misleading presentation with timelines known to fail, a scheme to distribute wealth and the obligatory news blackout. The POO is rising evermore and some even point to $100 by year end - being in now with incremental news flow could be what all of the last few years of waiting have been about, but then again, there’s my gut again, maybe not. This is but my opinion and is not more right or wrong than another.

Personally I can’t see any value left to shareholders here now. Too much debt and broken business model when considered with the current market dynamics. There is a strong business in here but maybe would have legs when paired with a successful model ie how next operate etc. There will be money to made on funding but I fear it will drip back to current state. A clean slate, debt to equity or flat our insolvency so creditors can realise as much on current debts as possible. Debt to equity may make sense but likely a lot of investment and divestment will be required which is time, money in a fast paced market.

Tommy - call Barclay s to do it otherwise you need to wait for the cash to clear - the will bed on the spot for you.

Put in unlimited out

Well gains would be exempt from CGT - so if you get s good result yes it is a good idea

To me they have either; stuffed a5, working on 3abest to get ownership sorted out, or have started the flow test and not told us this time to monitor volume pressure or blockages, or none of the above...... surely an update is due very soon but we’ll we have been here before

Believe we will be any further forward by this time next year? I just don’t see CASP changing from past traits. Have a good weekend all

Looks like we are back in the blackout bear trap. I can’t understand why you would set investor expectations at conferences and in rns only to constantly miss and misdirect shareholders

Not much sign of anything at the moment. Sigh !

What could go wrong lol.

“Physically”

Definitely the movements and this land deal + timing of CFO does not ring true. I do ask myself the same question as this has been a long term hold that has not performed well, no matter what others may say. Personally I am not looking for the whole cherry, only part. That will become apparent if any flow test or completions are announced. I am always spectical as to whether what they say has philysocally occurred on site.

Interesting chain of thought. One could look at it that he needed a number of shares to get the control he wished alongside his children? If the price continued to rise that may make the acquisition price for what sounds like questionable land not arms length so time for Clive to put the breaks on. I may be wrong but the transaction hasn’t happened yet so we are yet to see where it all falls. I really would expect a 90 day test to start soon now that we fall in the production window. Also I assumed that they told a porkie that the special permitting was for A6 perforation equipment or explosives and not coil tubing but conveniently place for them.

Is this a similar scenario to Thomas cook a few years ago? Given the goliaths dying on the high street maybe not in these days and times. We have a young one and being the first we did the over endulgent parent thing and spent a lot in mothercare, possibly over £2k with the pram included. What I am always amazed at is that 1. You can never find someone to ask questions about products, you often get bored and just leave 2. It takes forever to buy anything, if you see half a dozen people in a line to pay you are as well dropping the stuff and leaving 3. Everything is always on sale, always! It just discredits the own brand. 4. As far as I see there is no loyalty card, you can buy the same stuff in boots and get points on the advantage card. A lot of smaller child offering shops seem to be doing very well at the moment as they are focused in particular segments of the market, offer good sales service, often up selling or selling complementary alternatives, as likely most parents don’t even know what to buy with the way stuff has come to market in the last 15 yrs. I think the brand is strong but a real turn around is needed. I think their stores need to be focused around effective selling not product catergories, they need a slicker way for customers to buy things - why do they need my postcode???, they need to understand who their most profitable customers are and deliver a focused offering and not a Tesco cater for everything, use they excess space from clearing out all the crap that is tied up in inventory to offer events or services that bring parents into the store, or baby sensory, classes, etc - these can lead into high margin sales and brand strength. I am not sure management can do this transformation from the current mode to a model more reflectively of what is quite a dynamic market. I think the brand will live on but maybe not under the current structure. Would be great if they did though. All imo and good luck to all holders

We should find out soon enough one way or the other - deeps in trouble or jointly triumphant - who knows