The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
For the avoidance of doubt, btw, I'm not saying every management decision is perfect, far from it obviously. The family are only doing what most of us would probably also do in a similar position given the opportunity, but it's the endgame that matters so good luck to them.
It's the highly selective broadcasting and constant repetition that I'm pointing out, that's all. Clearly to try to help a short term position. And by now surely obvious to all.
Divermike
Mostly 4.5 for me too. Despite having moments especially in the last few days of it being pushed lower, and questioning.
But in an odd way, the more the obvious traders show their cards and try to use this forum to help them, the more it reinforces my own view.
Influences enough to move the price, that is. Sad that it even needs to be said, but that's life and human nature. Even understandable.
Worth bearing in mind, that's all. Way too many posts from me today, so I'll stop there. ...
And for anyone thinking 'nobody posting here influences others in their buys or sells', I'd say it it was a FTSE 100 stock, absolutely right.
But with a very limited free float, thinly traded Aim stock, largely news driven?
These forums are great for exchange of research and opinions.
Unfortunately they can also occasionally be used to influence the unwary. I'd love it to be possible to have a weekly tally of how many people reading this thread are
1. Frightened
2. Concerned
3. Neutral
4. Optimistic
5. Excited
And how the average of those ratings varied week by week.
What ages are Carver and Kuat? Presumably they will be seeking a comfortable retirement at some point in the not too distant future. Look at it from their viewpoint and with the extra info they have at their disposal.
Do they and the Concert Party in general want an exit at a much higher valuation? Of course they do, and the time for that exit is probably drawing a lot closer. For holders who have been in this a decade or more, who feel this has gone on forever, it may not seem like it, but that has to be the reality. If people don't like or don't understand some of the strategy, then go along to the GM in a couple of weeks' time and get some explanations.
No way I'm parting with any shares until this multi-bags from here. Period.
True, much going on and we may disagree about the priorities but the company are at least showing a flexible and proactive approach to monetisation.
Ultimately for us (mainly in the dark) PIs, it's a question of whether we have faith that the Concert Party know what they're doing in their ultimate goal of a significantly higher valuation and subsequent cash in. I suspect they would be bemused by some of the hands-wringing going on here. I also suggest iif anyone's got genuine concerns then they have an opportunity to air them to management in London at the GM on 25th April at 11:00.
It's ambiguous, as we're kind of used to with these lot, but I read 'outside the structural closure of the West Shalva prospect' as referring to outside the potential oil-bearing geological structure/reservoir but within the licence area. Could well be wrong about that, but it's probably a minor factor in the decision-making here anyway.
Glad the market and (almost) everyone was gloomy and downbeat about this acquisition, I took the opportunity and added yet again today. Thank you.
Positive note from WH Ireland.
'would appear to be a replication of the playbook that worked successfully for the company at its prolific MJF structure'
My thoughts - whilst further (albeit small) dilution is not welcome, the move shows active and strategic thinking, and the market reaction so far is bizarre, especially given the ongoing BNG sale for potentially far more than the current market cap.
One of the main rationales for investing in Casp has always been riding the coat-tails of the Concert Party. Knowing the prize at the end, for them, is a far higher ultimate valuation. This is just another step in that process.
PS - come on all, try to get on and drop the ego stuff, we're presumably mostly on the same side here with the same goal - maybe just with different routes to get there?
Never traded these, btw, bought a tidy amount since late 2022 and holding tight till the endgame.