The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
But is he talking really about these things 'constantly'? How many times have these exact phrases actually been uttered by the CEO?
Not defending the performance in recent times by any means, but repeating the same argument over and over trying to make out it is a regular event is a bit disingenuous, imo.
A bit like keep talking about the SP from 2 or 3 years ago and using that as a benchmark of recent performance, when the SP is one of many factors to be taken into consideration, a lot of them external influences that the company cannot control such as the fact that many investors have been steering well clear of small caps and high risk stocks for much of the last 3-4 years and keeping assets in cash until the economic environment is more stable.
If I was that concerned about the things regularly posted here, I would take my losses and put my money elsewhere, but so long as I do not see a material change I will continue to hold and wait.
Let's not forget, the European legislation on DMS was due to come into effect in July 2022 (part of the reason I invested back in 2021) and was put back until 2024. Perhaps this material 2-year delay has had some impact on growth and delivery over the past couple of years? I'm no expert though.
gla
Just in respect of comms, which I have not had a problem with in the past, I did actually send a message to the general email address for TGR on Monday lunchtime and disappointed not to get a reply, or acknowledgement.
I have received replies in the past, often within 24 hours.
I hope this is not a sign as this lack of acknowledgement of correspondence to their published contact details would be a bit of a red flag for me given history elsewhere. Despite the meet and greet, they do seem to be shooting themselves in the foot on this front of late compared to, say, the first 6 months of last year and before.
Volume is still pretty low, currently circa 0.25% of shares in issue today, so not putting much store by individual trades, and a 100k trade at circa £10k is not a big trade by any means. Double that, or a run of multiple trades at that level and it could mean something, but for now, it is all about next news to get the SP moving, imo
gla
Or you could argue that it is in his best interests to say that given that he knows how many people and past investors have lost money in MODE and he needs to try and keep them onside.
He's never going to come out with negative or low expectations is he when there is money on the line for him and his city mates.
Still pointless to speculate, imo as there is little to nothing to go on, so anyone's guess is as good as the next one's at this stage.
I will be happy with any gain from here given I wrote this off long time ago, so anything above the suspension price will be a bonus
gla
You keep talking about 'we'. Who is this 'we' as it only seems to be you and much of your posting is potentially libelous too. Who are you representing with your views?
You say that TGR need to be reported to the FCA but what actual evidence do you have of anything untoward?
You claim a couple of posters are cheerleading rampers but their posts are at least from factual sources despite your claims to the contrary, whereas you seem to be putting 2 and 2 together to produce deliberately exaggerated or sensationalised scenarios.
Why do you keep demanding that everyone on here does what you think they should do?
What evidence of insider trading?
What evidence is there that the bod are trying to keep the SP low to take it private?
Where is this growing concern as I only see you and maybe one other saying such things?
Who is this 'we' that you say have written to the company and been ignored? How many do you know that have done this?
You say a lot but much is just conjecture, supposition and reaching statements that you suggest are coming from a majority that appears to be no more than a handful of people at best.
Yes, the SP performance has not been as expected, particularly after the China ban. The same can be said across many, many stocks currently.
Yes, there are matters here that are not as transparent as they should be. The same can also be said for many other similar shares. Here, comms is better than most who can go for many months without giving any updates, other than obligatory announcements.
Yesterday you said the SP was dropping to 5p. It is almost double that and has never been close to that level.
You are just scaremongering, it seems. Every day is it a new doom and gloom thread title to bash this stock. And for what aim?
Why don't you contact the FCA if you are so concerned? And post your correspondence here as proof of doing so. They would like some clear evidence of wrong doing though, not just speculation and ranting from a disgruntled investor.
I am 95% down on another share and have another one suspended at 90% down, but they were my decisions.
I am down here too, but it was my decision to average down.
There is a lot that could be done better here, and also a lot that is being done well. If I was not happy, I would say so, sell out and put my money somewhere else. I have done this elsewhere and will continue to do so.
Have a moan by all means, but at least have something solid to back up those moans, not just suggestion and inference.
We are all entitled to an opinion, and I have no problem with alternative, evidence based views. I do not see any real evidence to support your constant anti-TGR barrage though.
What it says to me is that the post-consolidation dilution has started, and not in a small way.
The mere mention of Riverfort is a red flag, known for many years on these boards and a name synonymous with what some like to refer to as death-spiral financing. A lender of last resort.
As pointed out, where is the expected news on Northfork?
I suppose, when you've been 95% down for so long, it doesn't really matter in the grand scheme of things when the company continues to bounce along doing nothing of note to change their fortunes, despite all the flannel.
gla
Some mainstream media coverage this weekend. Hardly a glowing advert for investment, but it will at least reach a decent audience
https://www.thisismoney.co.uk/money/investing/article-13047377/Seraphim-Space-gain-fund-investment-trust-january.html
What a disaster this has turned into.
The usual delays and not delivering when they said they would.
Change in management, same old 'we will be different' routine but same old ANGS.
The only things that can save the SP now is a good and quick result on the delayed and delayed even more funding, plus Gas storage of which we have been promised an update, but seen nothing. Quelle surprise.
If February passes without confirmation of the funding, this will be the final straw for me, I will sell out and use the losses to offset against gains for this tax year, thanks to the new CGT rules taking
You should never make any trade upon the say so of anyone on these boards.
What research have you done?
Why do you think this might be a good investment and what potential pitfalls do you see?
You say you got lucky on HE1, was that because you did no research and jumped on a bandwagon without knowing anything about the stock, or was it a research based decision?
I rarely post here at all now as it is mainly a preening and posturing board for a handful of posters who are on here all day every day and there is little to be gained from reading what they keep repeating multiple times a day.
It seems you can't post here without being labelled a troll, a ramper, a shorter, a multi-ID poster or someone looking to get a cheap entry.
If you are seriously after advise, then mine would be to not take anything, or anyone on this board at face value.
Do some research, ask questions based on that research, but then research any replies too before making any decisions.
Feel free to ignore all of the above too.
Didn't someone post before Christmas that we should expect production figures early in January?
Not sure that they were expected then on past updates, but having placed, some good news here would not go amiss.
No, there is no way to know for certain because the direction of a trade (buy or sell) is never ever reported to the market at the point of execution (a Trade Report).
The actual direction is only ever reported with T+1 as a Transaction Report to the FCA and this is not as far as I am aware publicly disclosed.
Due to the time requirements under MiFID II to report a trade to the market after execution (with the exception of delayed trades) only limited fields are required to be reported, mostly what is shown under the trades tab as the important data. Each trade is just that, a trade and sites like this use algos as a best efforts basis to guess the direction based on the bid/ask at the time and the spread, so whilst it can at times be easy to work out, when the spread is small and the price is moving it can be tricky to be sure.
The exception is UT trades but they are always negotiated and are both a buy and a sell trade agreed at a mid-price.
I would suggest with the 2 trades mentioned that because of the very small time difference they represent a sell at the lower price and a Buy at the higher price, probably a negotiated trade between 2 brokers on behalf of their clients
Hugely disappointing slide seen here post-Christmas.
And to think that I was hovering over the Sell button in the $290's only holding off to see if the results update at the time would push it over $300. More than $100 down in 6 months is tough especially when I need to raise funds next month for a big outlay.
Still, the bright side is that at least my non-ISA holding is in profit and the loss on my ISA position can sit for a while yet for a possible change.
Note to self, trust instinct rather than hope for a further rise on news for a few extra £££'s profit.
gla
I am not sure that the market will be that interested in Balcombe, or Lidsey or any of the other current 'mothballed' assets.
They are tainted with the past failures and will be costly to try and do anything with, and with no guarantee of success.
Imo, better off trying to offload to someone to take on the cost and the risk and concentrate in SFB and gas storage solutions as these are what will excite the market (gas storage more likely with partner interest). New ventures should wait on a more significant turnaround in financial fortune than receipt of the delayed funding.
These legacy assets are a millstone around the neck of ANGS.
Any further announced delay to the funding will not go down well with the market. And I would hope that a full plan for 2024 to come along with this announcement is a minimum ask (plus a front and centre interview from the elusive CEO.
IQ day next week. It's a shame they do not publish the Q's beforehand, but they seem to have moved away from what was a fairly transparent shareholder dialogue with the original format to a secret one whereby they do not allow challenging Q's to be raised.
Just imo
gla
Agree, Comms has been poor, but it always has. When GL came in he said he recognised this and would change. He didn't. The implementation of IQ's has been welcome but seems to be used as their sole means for Comms. RH came in and said the same about Comms needing to improve, but has also done nothing.
I posted a list at the beginning of December of all pending news expected before year end and early January.
Other than production figures and the delay to the funding (of course), there has been nothing of note about the Balcombe appeal, news on gas storage and the 3 interested parties, general update and plan for 2024, and more.
I was giving end of Jan as the target date to make a decision on cutting my losses here based on this expected news flow. I still plan to exit here before the end of this tax year but will await firm news on funding and hopefully a gas storage update as these are the only 2 bits of news imo, that will give the SP a lift. Anything else is just pie in the sky and is being used as bait to try and keep up interest, and has been for too long now.
gla
With a mcap of less than 5.5m, can't see institutional investors taking any interest. There wasn't any when the mcap was considerably higher and the majority will have restrictions on minimum mcap for investment and % of total holding in small caps
EQT is likely not currently a good proposition for the risk at the present time.
Need North Fork news to stir this from its slumber. And soon
gla
Could it just be general interest following the Japanese moon landing at the weekend?
Not read too much about their mission so not aware if any of the funds investments were involved in the project.
Agreed, the rise is welcome and also just 50% down now
Piece on Countryfile regarding onshore oil and gas exploration.
Interview with the CEO of Egdon and covering the environmental impact.
Mentions of Wrestle, Biscathorpe, Horse Hill and other unnamed sites in Lincolnshire, and Surrey as well as court cases in recent years where local planning has been overturned.
Obviously shown from a negative aspect given it is the BBC but a short comment from one site (wrestle, i think) where some local campaigners said that you wouldn't even know the site was there due to screening, etc.
What is it they say, all publicity is good publicity?
Why is it sneaky that a 5,000 sell came up as a buy?
Surely everyone on these boards knows by now that the direction of a trade is never reported at the time of execution under a Trade Report and the direction indicated is just on a best efforts basis by sites like this.
No one is trying to fool anybody and no one is playing games.
And a 5,000 trade on volume of 15.5m, which in itself is only 0.25% of total shares in issue is nothing. The market is not going to be moved by an order of this size being 'reported' incorrectly.
The silver lining for me has been that I have been able to offset my loses here to negate any capital gains tax for this year.
The chunk I sold before Christmas was at a 95% loss.
I am in the process of buying a house so will be liquidating circa 85% of my portfolio in the next 6-8 weeks. The remainder of my holding here will likely be sold to negate further gains elsewhere whether that will be for this tax year, or saved until the next one.
At least when I reinvest in the future I have a clearer indication of what to invest in - my funds have far outperformed my dividend paying stocks and my small caps over the past few years so I will stick with funds in future along with any legacy positions held following my upcoming cash raise.
I will still maintain a few small cap positions but they will be producing ones with a history of delivery and cash generation.
Good luck to all
The last time daily volume exceeded 1% of shares in issue was on 1st December, and it barely managed it then.
Quite a stretch to suggest that 'the selling continues' when the number of shares sold on Friday barely breached 0.1% of total shares issued.
Not sure we can really read any trend here going by volumes traded.
Will wait for next news and see how that affects sentiment/SP