Member Info for CJ66

Wow...£1.9k of shares bought and it goes up 25%

...I might yet become a millionaire!?!

Ironically I think you are both right - the figures are not bad, but they do keep an emphasis on all the good points and just ignore anything less so.

Whilst you don't want them to be overly pessimistic, people need to see the whole balanced picture and under promising and over delivering is always better in the long run....

Absolutely right, how can you have a NAV of 38p & a share price of 15p - looks like shareholders and the management have been stuck in the bottom draw for several years.

Can the pumpkin be turned into the golden carriage....please?!

Thank you Nobull, I do know they have a 100k hectare limit on foreign companies but AEP seems currently well short at just over 70k.

It might become clearer over time how this actually benefits us, and at least the share price is also moving back up again.

I have been invested in both AEP & MPE for over 30 years and clearly MPE has had the more proactive management for growth, clarity and action, but I didn't mind AEP's very conservative stance even as it just piled up the cash. The value had to come out in the end.

There is still some uncertainty of the new managements direction, but I'm happy to give them the benefit of the doubt that is in our overall interests, (as David Attenborough would add - ...for now!)

Maybe it's just me, but what does this mean for us as shareholders,

and what exactly is the purpose for AEP.

It already has loads of money and could surely just progress as part of the company, or couldn't they just dual list in Indonesia as well if it wants that.

Certainly the price fall means it's not good, or just people as confused as me...?!

Oh dear Peter Gyllenhammer has appeared on the shareholder register. Might seem good he is buying shares, but on past experience he is only out for himself and has no interests for other shareholders.

I did post about this when they made a complete mess of re financing and never kept shareholders informed = a catastrophic share dilution or wiped out.

I voted against the whole board this year & last year, but pointed out that just under half the shares were voted but they were voted in by more than 95% of those that did!

Think we just have to cut losses and invest in the likes of AEWU or AIRE who have performed well and keep shareholders informed.

IC snippet from commentary on it's results -" perhaps standing still is the best a manufacturer of performance ceramics can realistically expect given stickier than anticipated inflation and the domestic hospitality industry facing continued pressure....Unfortunately there are few signs that an industry recovery is imminent borne out by rival Denby pottery entering administration at the end of march.....it is difficult to imagine how the gaping discount to net assets will close given looming cost pressures. HOLD."

It's doing it's best , but you have to be wearing sunglasses to see the sun shining from it in the short term surely.....

Yes, surprised they didn't give a reason for the figures against last quarter, although to be fair they didn't compare them last year either so this is consistent rather than suspicious. The cash rising by $7m dollars + debt reducing by $8m does show how with just reasonable production the effect is dramatic on the bottom line, despite the Govt take, especially until all allowable costs are paid off.

With the recent trading update for the full year pointing to lower turnover & profit with increased debt,

lets hope the rather weak management can report something more positive soon, as they are running out of excuses in my mind.

I have both BMS & CKN for some considerable time, and although acknowledging CKN are the big brother I thought BMS's lower price would provide an opportunity, but they seem more like chalk and cheese in the same business. More cheese please Gromit!

Yes Krusty,

pretty clear from the last update that they are just winding up the company, and as you say Sam, the only hope is at a premium to current price.

Been a rotten investment unless you came in at a low price, especially considering the expertise touted about Mr Buttery when they launched.

Live and learn, I will stick to the broker Clarkson's who are asset light and benefit on shipping rates through cycles. Excluding dividends I first got into CKN in the 1st Gulf war at £1.35. Share price has risen nearly exponentially, but Shame some people don't look at history to see how the 2 Gulf wars went whoever actually supposedly won....!

Don't want to be to pessamistic but the price hit £20 both 5 & 7 years ago. In my view it's still a 'falling knife' until things show actual improvement especially on energy costs.

In the circumstances good results, and seemingly good management, but still on a downward trend in line with the countries deindustrialisation. Returns on money down from 10.9 to 7.9%.

Article the other day on national grid where the govt has taken over the part that decides what gets done. They have apparently changed the projects from NG's system of 1st come 1st served to Hospitals & data centres 1st. Thus CHH submission for solar panels is now 2032 or later. Push off little industry the data centres help it to look better at the amount of energy connections outstanding. Personaly I don't even think data centres add much for the country & certainly not the overheating planet...oh well!!

...Q3 update still shows arreas dropping from 5.3 to 4.7

& defaults down from just 1.3 to 1%.

It would take a major reverse for this to become much of a problem.

I think its just another example of no interest in hugely underpriced uk shares, probably more so as it doesn't pay a dividend as its growing.

Look at checkit that is so lowly priced that it has received 6 separate unsolicited approaches, so has decided the best way to realise value is just to put itself up for sale.

This country has been hollowed out of its furure wealth and ignored by succesive govts fir years.

Read something yesterday about the Hornsea wind farm, the biggest ever. Run by Orsted, cables from Belgium & Holland, with other parts all from outside the uk and as far away as Thailand. Apart from the jobs actually working on it we don't benefit from all the ancillary parts or the profits...!?

I just hope Times value will come out eventually, if only from somebody else buying it out, so I have added a few more at these low prices.

Granted a good outcome in the circumstances and as I said I do believe they have good mgt

However, point still stands that a -2% IRR on a 15m dollar investment isn't ideal.

I was more cautioning on a possible 'too many eggs in 1 basket' if they had just trebled their investment?!

For balance, remember the world has changed since January. The company is still reliant on the fortunes of the underlying companies it invests in

It ead left woth a number of plrasure boats from backing a german company that went bust during covid.

Do still think this is a good company, but do look at its underlying investments...

Yes, and an over abundance of panels in china too.

This company certainly doesn't have any excusable excuses left - can't quite agree with a previous comment of 'great staff'. If management had achieved all they have said they would the company would be sitting on a pile of cash & the share price around 15p.

We just need some solid delivery results....

...also a positive as interest rates could now rise is that they have £12m cash which on 17m shares is around 65p a share.

What now shareminater? They seem to have really messed up this time with all things rapidly deteriarating and subsequent recoveries getting extended in tandem.

Reports seem to point to the sharp drop in gold now happening, although some support recovering of prices following. Copper deficits are being replaced by overstocks if industry does suffer recession...

Some silver linings with aaz as a low cost producer and that it has at least benefitted to some degree with the higher prices knocking the debt off.

Short war could have seen £3 recovery, but I'm thinking more £2 currently, with a watch this space, can somebody get us out of this please.....

That was shortlived - they seem to have given up waiting for the shipping cycle to return and buy vessels again when cheaper - as they are handing back our own money again already.

I partly agree that in current circumstances we could probably do better with the money ourselves, but they must surely consider winding up totally, otherwise they will just have to raise a load of money again and possibly have another round of slow value destruction as happened with our original 100p here!?