Member Info for Conger2

2.9b new shares issued 2020 taking total to 5b shares.

Means the current share price is = to 3.75 in 2019... there's the issue.

Target £2.40 ie about £6.00 pre corvid.

O boy you really can not use charting to work on a share which such low volume..

This will fly once there is demand due to lack of supply.

Not really relevant to how I do things Zag, only number of shares now vs what I think the company should/could be worth.

It will more than likely massively over shoot a sensible valuation due to investors actions short term, like last time.

It got to .65p with no money to do anything and no method of extraction.

I think proven method of extraction and or JV announcements are worth a lot more then last times jumps.

But what do i know.... DYOR... as they say.

Toptuf, I know that ... You should read the post again it is very clear, it about a over shoot on the day.

I exited on the last over shoot and made a tidy profit.

ZagE well few years back it hit .65p just on agreeing the dispute with GSPC... So if they get good flow readings and /or enthusiastic valuation from the JV 1p is possible on run up on the day.

But what do I know... See you in the millionaire's pension pot club :P

If previous jumps are anything go by and this is going to be the big one you bee selling cheap at less that .5p at the moment.

I still see 1p as possible on trading on the day it all happens.

The rig and jet pump is there it is being mobilised this week...

I would suggest Rig is on site then also to be mobilised right?

Jet pump is on site and they are going to mobilise the workover rig this week to install it.

Confirmed by Briana, I was emailed back within 10 mins of asking......

No I think they is a global issue around travel stocks.

The B/S is less 1/3 the value it was pre pandemic there is a lot more shares in issue so the NAV per share is a lot less then that . Fuel prices are rising, then there is the bad press people get for even flying these days.

Against this, they charging much more for flights and still filling them to the brim, all while buying more aircraft to increase capacity and improve fuel efficiency.

It is taking longer to rebuild confidence, in travel stocks in particular it seems for mostly the above reasons.

What do you think the Directors should be doing differently other then what they are?

Fordm....

The fundamental job of all directors is to build shareholder value and a lot of their pay will be in shares.

I be about £120k better off now if I had stuck with RR not selling up in mid 180's to go large in IAG.

I am confident this will come back on the Q3 earning, but still very annoying in the meantime.

All the fundamentals in IAG are going very well, this should be at similar level as RR right now.

Https://www.thetimes.co.uk/article/iag-is-one-to-put-in-the-hold-as-the-fog-lifts-37jm7gxgz

Interesting take on it.

Any one have the NAV per share and EPS pre pandemic vs now?

I am all in here and it is going nowhere, just keeps sliding, but the numbers should have it flying!

Apply be, you can use a MVL to get all the money out of the business at 10% tax currently if you don't need it and it has no debts.

Firstly max out your pension payments, all the limits are now £60k a year contribution in total and you can claw back up to three years worth, and allowable for Tax purposes, you also end up with a big pension investment pot to play with all outside TAX.

You only get taxed when you draw from it, if you die before 75 it goes to who ever you say so, outside of IHT so tax free.

When you draw from it your tax rate will likely be less, you wife also has a similar £60k limit, so add her to the limited company.

You can draw down 25% of it tax free with out the triggering pension limits from 55 soon to be 57.

I am an FCCA accountant.

I smell BS.

No the public perception the management is competent or incompetent…

That is what makes the difference, so if you find an issue as an investor you quietly deal with it direct.

No I had already seen them.

I am saying you did not have call the SMT unprofessional etc about the mistake publicly.

Nothing else, stop putting words in my mouth.