Member Info for Couerdelion

They're not hanging about with the buyback program. £2.2m purchased yesterday out of a total spend of £33m

It's a civilised discussion GP so no harm done. Perhaps brought about by my suggestion that I might throw a bit more in but no more than a dabble. For the less civilised version, there's plenty of NS Oil and Gas you can find - SQZ is one of mine.

As for direction of travel here, that's nothing more than an instinct on my part. If the price moves up, I have a few more options than I would have if I stuck with my original investment.

True in a way but the government is what is it and the electoral system decided who governed so that's history. Describing them as communist or similar is simply petulant and the sort of thing you'd expect from Reform voters who hold a surfeit of views but a deficit of solutions.

At risk of adopting the language of the new government, there needs to be a grown-up conversation in these matters. I don't believe that this means the demise of NS Oil on Gas for the simple reason that there are too many jobs at risk. I could be wrong but this is why I invested here.

Good luck, GP. The analogy here is "fingers burnt" and I'm not put here to explain how those fingers aren't genuinely covered in blisters. I don't pretend I'm being anything other that speculative here and am down around 15% on my holding. But little has changed in the fundamentals since I bought in Q2 and now it looks as cheap as it can get (arguably it was 6.5p at the cash raise but I'll concede I didn't bite then).

If I do throw a few more chips in, it's still a gamble on the drill, but the stock has all the hallmarks of an upwards movement. The director purchases were pretty conclusive.

Upomega,

You seem to forget that the USSR collapsed in 1991 so it might not be pertinent to a share chat discussion unless you're still posting from St Petersburg where the name might hold some meaning.

Https://en.wiktionary.org/wiki/anchois

But it's not something that will move the SP

GP,

I can sympathise as any other investor might if they took the trouble to consider the wider ownership. But it's not really what we're here for - we try to buy cheap and sell high and that works for traders or value investors (I like to think I am the latter). If you buy at a high, the prospects of a cheap stock are not compelling if you already have a large stake - and yet you still want the price to rise.

This one will turn at some point in the next few months. I've never tried to pick the bottom of the market - just the relative cheapness.

I also think I know what I'm doing. There have been times when I didn't

My second entry point now looks inspired but I wouldn't be able to explain it because I'd always assumed I'd have to hold for the longer term (a valuation vs price comparison). I'll put this down to a fluke as there were better valuation metrics that I am still waiting to unwind.

FWIW - still plenty of upside here IMO. I'll wait till it hits 50p before recouping anthing.

I wouldn't worry. I know this stock is underpriced so the only challenge is picking the entry point.

I am so tempted to add to my position here. But I'd stretching all my limits on exposures to small companies or oil/gas companies so the grown-up in me won't let me.

And yet I see this poised to break out...

I've grown accustomed to the wild swings in this share price and starting to think that it plays almost solely on sentiment. Ignore the share price and it's a great investment but if you can pick entry and exit points it's not bad for the traders either if they get the timing right. For the shares to get a longer term rerating, we may still have to wait on the results.

They outsource the delivery and it was the delivery company that texted me. Naked Wines do respond fairly promptly to questions/complaints and they said they would ask the outsourcer to investigate, so I have no problem on that front but a seamless service level would be better than a prompt complaints service.

The wine itself is decent enough for the price and I'll see over time if they learn not to send me Shiraz.

But for now, my attention is turned to the numbers....

In both cases, there would be no deal that would change any of the geopolitical factors that are driving defence sector growth prospects. The regional threats would remain, potentially increased even, and we've barely started to see the level of increased defence spending in Western Europe that was triggered by the invasion of Ukraine.

There might be profit taking opportunities along the way but this stock looks like a solid holding for years to come.

I received a reply from the company. To paraphrase, the special resolutions are described as routine discretionary share authority which needs to be renewed each year (it was last year)

Got to love this one. Only seems to move in one direction.

I'd expect a fair amount of activity over the next few days here.

On the other hand, if the market is not favourable then management would be doing the right thing by delaying plans to sell assets at low prices. I'll allow them a fair amount of leeway if they keep NAV rising if the prospect of jam tomorrow is realistic.

Seeing a few stories suggesting that analysts are doubtful about the deal with Flutter.

I'm still none the wiser about those special resolutions so likely to vote against them unless I can understand the purposes. It appears that the listing will double the share capital of CTL but resolutions 2 and 4 add a further 53% of the enlarged share capital.

But I can see no clue what the extra shares are for.